Herbert Hoover: “It is impossible at this early date to estimate with accuracy the situation in the next fiscal year (that ending June…”

There is another phase of the bill as passed which is disheartening.

While these features in the Wagner and the Garner bills are not in the form and are not as well safeguarded as they should be, they are in line with major objectives I have been advocating.

We must make headway against the mutual fear and friction arising out of war armament which kill human confidence throughout the world.

I earnestly hope that this may be done.