Herbert Hoover
The Public Record
Herbert Clark Hoover was the 31st President of the United States, serving from March 4, 1929, to March 4, 1933. A member of the Republican Party, Hoover was born in Iowa but later moved to California. Before his presidency, he served as the Secretary of Commerce from 1921 to 1928, where he focused on promoting economic growth and efficiency. Hoover was also known for his humanitarian efforts during World War I, leading relief efforts in Europe and earning a reputation as a skilled administrator.
The budgets for all 3 years are greatly influenced by the increased expenditures for construction work in aid of unemployment, for relief to agriculture, and for increased services to veterans, but it will be seen that these increased…
There is a decrease in agricultural aids from $341 million to $160 million showing thereby a saving there of about $180 million.
Yes, the previous annual payments for the bonus will aggregate about $750 million as I recollect--something about that figure.
The Cabinet session this morning was devoted to consideration of Government expenditure for the next fiscal year.
There is a decrease of about $10 million in the estimated postal deficit.
It is my hope that you, who are among the acknowledged leaders of your race, may find in the work of this committee an opportunity to carry the study of this subject farther than it has been carried before.
This statement of the budget does not include loans upon the bonus except so far as they are represented in the annual payment into the bonus fund, of about $112 million.
Yes, and with the constant striving to reduce expenditures wherever we can, we are going into the necessary aid to unemployment, agriculture, et cetera--we may get it even less than this.





