(3) to pay and cover, or cause to be paid and covered, into the Treasury of the United States, as miscellaneous receipts, said Three Hundred and Fifty Million Dollars, and

(4) to do any and all other things necessary or appropriate in the premises.

That the United States Grain Corporation reduce its outstanding capital stock from Five Hundred Million Dollars to One Hundred and Fifty Million Dollars, and decrease its authorized capital stock accordingly, and that Julius H. Barnes…

I am returning the bill at the earliest possible moment with the hope that the Congress may find time before adjournment to remedy this defect.

I am in entire sympathy with the objects of this bill, and would gladly approve it but for the fact that I regard one of the provisions contained in Section 303 as unconstitutional.

I do this with the greatest regret.

I am convinced that the Congress is without constitutional powers to limit the appointing power and its incident, the power of removal derived from the Constitution.

I am returning without my signature H. R. 9783, 'An Act to provide a national budget system, an independent audit of Government accounts, and for other purposes.'

I can find in the Constitution no warrant for the exercise of this power by the Congress.

I shall hold myself in readiness to appoint a commission similarly constituted to the one I recently appointed in connection with the bituminous coal mining industry as soon as I learn that both sides have signified their willingness to…

Its report will be made within sixty days if possible, will be retroactive to April 1, 1920, and will be made the basis of a new wage agreement between the anthracite operators and miners in such manner as the Commission may determine.