THE PRESIDENT has approved the recommendation of the Secretary of the Navy for the following changes in commands in the fleet to be made at the appropriate time during the next few months.

The setting up of committees of this kind does not imply questions of administration or supervision over industrial life, but that we might develop our experiences to get them into form that have more power rather than administration in…

It may delay the construction work for a month or two, but it is believed by the Navy that it makes a more perfect ship.

The purpose of it was to enable the Postmaster General to contract in such a fashion as to encourage passenger traffic and to bridge over from solely a postal aviation to passenger-carrying airplanes.

I have also a letter here from Mr. Sloan, who is the chairman of the Electrical Utilities Committee that we set up last December on construction work.

There is one certainty in the future of a people of the resources, intelligence, and character of the people of the United States-that is prosperity.

The success of this effort is of paramount importance, not only for our immediate needs but the possibilities it opens for the future.

We are not yet entirely through the difficulties of our situation.

We have succeeded in maintaining confidence and courage.

We have need to maintain every agency and every force that we have placed in motion until we are far along on the road to stable prosperity.

I believe I can say with assurance that our joint undertaking has succeeded to a remarkable degree, and that it furnishes a basis of great tribute to our people for unity of action in time of national emergency.

The acceleration of construction programs has been successful beyond our hopes.