I cannot too much overemphasize the importance and the able nonpartisan effort being made by both the Economy Committee of the House and the Ways and Means Committee

The Corporation has dealt with a total of about $183 million of loans

The whole of the administrative officials are cooperating with the special Economy Committee appointed by the House of Representatives in the drive to bring about further drastic economies in Federal expenditure.

The administrative officials of the Government are cooperating with the special Economy Committee in the House in a general drive to bring about very drastic economies in Federal expenditure

This includes 255 different institutions, the great majority of them being country banks

I believe the Committee on Economy, through administrative reorganization and such methods as I have mentioned, will be able to find a large area of economy.

A very considerable part of this $47 million will be repaid at an early date by the Railway Credit Corporation as fast as its revenues come in

I HAVE a question as to the character of business which has so far been undertaken by the Reconstruction Finance Corporation.

Nothing is more important than balancing the budget with the least increase in taxes.

The loans so far undertaken to banks, trust companies, building and loan and other financial institutions, as provided in the act, amounts in round numbers to $61,800,000

The Federal Government should be in such a position that after the first of July we will not be required to issue any further Government securities in order to keep the Government going

There is nothing more important than the balancing of the budget with the very least increase in taxes