FDR: “We require continual study of the revenues necessary to carry on the normal functions of the Federal Government.”

The point in history at which we stand is full of promise and of danger.

It will recommend agricultural policies and advise Nations on their food and agricultural problems, but it will have no power to coerce or command.

It seems obvious that we will be more or less responsible for security in all the Pacific waters.

That the President appoint a commission for these purposes.