Excerpts of the President's News Conference
02/04/1929
https://www.presidency.ucsb.edu...
The convention and protocol had my approval and were signed by the American minister at Ottawa by virtue of full powers ...
We have demonstrated that saving results from efficiency, and efficiency comes from saving.
But I haven't seen any plan up to the present time that seemed to be feasible.
The difficulty about that will be in ever securing approval of it by the Senate.