The sixty-eight million policy holders of the country with policies aggregating one hundred nine billion dollars, represent a major stratum in the very bed-rock of our economic life.
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.
But our first duty as a nation is to put our governmental house in order--national, State, and local.
Rigid economy is the real road to relief to homeowners, farmers, workers, and every element of the population.
Our people must realize that Government cannot continue to live in a depression upon the scale that was possible in times of great prosperity.
I wish to emphasize to the full extent of my ability the necessity, as a fundamental to recovery, the utmost economy of governmental expenditure of all kinds.
The reduction in governmental expenditures and the stability of Government finance is the most fundamental step that we can take to this end.
Our first duty as a nation is to put our governmental house in order-national, State, and local.
Rigid economy is a real road to relief to homeowners, farmers, workers, and every element of our population.
The developments of the past week should give great assurances to the country.
I shall welcome any further reduction which can be made and still preserve the proper and just functioning of the Federal Government.
The real victory is to restore men to employment through their regular jobs.
To have reduced the number of cases by more than half and deaths by over two thirds, is an impressive example to the rest of the country.





