07/20/1949
https://www.presidency.ucsb.edu...
"Any alternate member shall participate as a member of the Board only in lieu of a member appointed under section 403(a) who is not participating, and only when called upon by the Chairman of the Board..."
"It has been a very great pleasure to have you as our guests."
"I believe it would be most unwise to do anything which might tend to lessen the effectiveness of the guaranteed loan programs which have contributed so much to past and present mobilization efforts."
"Such an attitude is manifestly inimical to the vitality of our free enterprise system, the maintenance of which becomes a matter of increasing concern in view of its importance to the continued streng..."