The President's News Conference
03/10/1932
https://www.presidency.ucsb.edu...
The time has come when we should cut through the brush and adopt some broad and definite method of reducing the overwhel...
This order shall be effective from July 1, 1932.
The reductions must be real and positive.
Under authority of the act of Congress approved June 4, 1897 (30 Stat. 11, 36; U.S. Code, title 16, sec. 473), and on th...