Herbert Hoover actually said...

"To some who are anxious over the appointment of temporary committees and commissions for advisory fact-finding, coordinating, or negotiating purposes, I may suggest that they are not a new necessity i..."

"The Committee will be made representative of the American Federation of Labor, the United States Chamber of Commerce, the Manufacturers' Association, Industrial Conference Board, the Railway Employees..."

"The purpose of the investigation is, of course, to propose to Congress some essential reforms in the bankruptcy law and practice."

"I have authorized the Attorney General to undertake an exhaustive investigation into the whole question of bankruptcy law and practice."