05/05/1930
https://www.presidency.ucsb.edu...
"These negotiations have been in progress for several weeks."
"It is my understanding that the plan provides for the protection of the interests of the employees and full consideration of the interest of the various communities and carries out the requirements of..."
"The Transportation Act [41 Stat. 456] passed by Congress in 1920 provides for a consolidation of railways into a limited number of strong systems in order to maintain broader competition, more adequat..."
"The plan, of course, must be submitted to the Interstate Commerce Commission, who have the independent duty to determine if it meets with every requirement of public interest."