05/21/1929
https://www.presidency.ucsb.edu...
"I have your letter of inquiry as to whether I can see any reason to change the views which I expressed on April 20th last upon the so-called debenture plan introduced by the Senate into the Tariff Bil..."
"The plan in the present bill presents an additional objection in that the export subsidies proposed vary with different agricultural products and thus are widely different to different farmers."
"The Tariff Commission has estimated the cost of the plan to the Treasury, if put into operation and on the basis of present exports, at about $280,000,000 per annum."
"I have also a letter here from Mr. Sloan, who is the chairman of the Electrical Utilities Committee that we set up last December on construction work."