07/16/1947
https://www.presidency.ucsb.edu...
"I do not believe that the mining industry as a whole wants to adopt the policy that the Government should guarantee it against loss in time of emergency."
"It is with these considerations in mind that I transmit to the Congress a brief summary of the economic situation and recommendations for action at this time."
"The adjustment process has been rendered less difficult by the prudent actions of many groups and individuals in our business system."
"Many of the price adjustments that have taken place have been healthy, and afford ground for expectation that our economy will work its way successfully through a difficult period of transition."