05/17/1928
https://www.presidency.ucsb.edu...
"But I haven't seen any plan up to the present time that seemed to be feasible."
"We have been making studies from time to time both in the War Department and the Navy Department to see if something could not be done relative to the promotion problem."
"That didn't seem to be practical to me."
"The margin between prosperity and depression is always very small."