01/23/1935
https://www.presidency.ucsb.edu...
"It is, I believe, a historic fact that every great improvement directed to better commercial communications... have all been subjected to opposition on the part of local interests."
"I am satisfied that the treaty contains adequate provision for the needs of the Chicago Drainage District and for navigation between Lake Michigan and the Mississippi River."
"I now recommend that the Emergency Farm Credit Act of 1933 be amended to provide responsibility by the Government for the payment of the principal of, as well as interest on, bonds issued."
"The result of providing a bond on which both the principal and interest are guaranteed would be to put such bonds on a par with Treasury securities."