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…

Secretary Adams has worked out the changes in commands of the fleet in certain of the bureaus in the Navy.

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.

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.

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.

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 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.

To the Senate: I transmit herewith a treaty for the limitation and reduction of naval armament, signed at London on April 22, 1930, by the plenipotentiaries of the President of the United States of America, the President of the French…

All slumps are the inexorable consequences of the destructive forces of booms.

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.