Herbert Hoover

I am deeply interested in all proposals to honor the memory of our first President during this bicentennial year.

I and other administration officials again expressed our views to the managers of the exchange that they should take adequate measures to protect investors from artificial depression of the price of securities for speculative profit.

Stock exchange officials have, during the past 8 months, from time to time taken steps to restrain bear raiding with a degree of success.

I and the other administration officials again expressed our views to the managers of the exchange that they should take adequate measures to protect investors from artificial depression of the price of securities for speculative profit.

But during the latter part of January, despite these steps, there was a large increase in the short account which unquestionably affected the price of securities and brought discouragement to the country as a whole.

Individuals who use the facilities of the exchange for such purposes are not contributing to the recovery of the United States.

Individuals who use the facilities of the exchange for such purposes are not contributing to recovery of the United States.

I have a question from the press as to conferences held with officials of the New York Stock Exchange.

There have been discussions, as is reported, between myself and other officials of the administration with officials of the New York Stock Exchange on the question of bear raids.

I wish to add my congratulations to the many others you will receive on that day and I wish you many more such anniversaries.

PLEASE EXTEND my cordial greetings to the members of the fifth annual conference of committees of the World Narcotic Defense Association and my earnest hope that it may be inspired to yet more effective measures to destroy this fearful…

In the present crisis the absolute necessity for the most drastic economy makes the problem of governmental reorganization one of paramount importance.

In conclusion, I can not recommend too strongly that the Congress give the subject of effective organization of the executive branch of the Government its early and serious attention.

We may frankly admit the practical difficulties of such reorganization.

There is little hope for success in this task unless it is placed in the hands of some one responsible for it, with authority and direction to act.

The occasion reflects the gratitude which all citizens will feel for all time for their unselfish service to the country.

It will be necessary also to authorize changes in titles of some officials and to create a few new positions in order to permit grouping and consolidation not now possible.

Please convey to the Grand Street Boys and their guests, the Disabled Veterans of the World War of the metropolitan area of New York, my cordial greetings in connection with the annual dinner.

Economy and efficiency can come only through modernization.

The amount of saving in public funds to be effected by a thoroughgoing reorganization, while difficult to estimate accurately, will be material, amounting to many millions of dollars annually.

This order is issued upon the recommendation of the Secretary of Agriculture.

The need for reorganization is obvious.

I am glad to report that since February 4 when I took action on hoarding, there has been an entire turn of the tide.

Since that time it has not only stopped, but it is estimated that $34 million has been returned to circulation from hoarding.

I am glad to report that since February 4 when I took action on hoarding, there has been an entire turn in the tide.