Herbert Hoover actually said...

"I cannot too much overemphasize the importance and the able nonpartisan effort being made by both the Economy Committee of the House and the Ways and Means Committee"

"The loans made to railroads amount to $47 million"

"I believe that the Committee on Economy through these avenues and the reorganization can find a large area for economy and will be able to find the amount necessary to balance the budget"

"A very considerable part of this $47 million will be repaid at an early date by the Railway Credit Corporation as fast as its revenues come in"