Calvin Coolidge: “Unless the Government adheres to the rule of making a rate that will…”

On the record

Unless the Government adheres to the rule of making a rate that will yield a fair return, it must abandon rate making altogether.

Said by

Republican · Vermont

Source

Coolidge warns that failing to set fair rates could lead to the abandonment of government regulation of rates altogether.

More from Calvin Coolidge

Feb 28, 1929

Nothing special took place at the Cabinet this morning.

Mar 1, 1929

The names of disabled veterans, their wives, and the widows of honorably discharged soldiers, sailors, and marines shall be placed above all others.

Mar 1, 1929

No employee entitled to military preference in appointment shall be discharged or dropped or reduced in rank or salary if his record is good.

Mar 1, 1929

Examination papers shall be rated on a scale of 100, and the subjects therein shall be given such relative weights as the commission may prescribe.

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Calvin Coolidge: “Unless the Government adheres to the rule of making a rate that will yield a fair return, it must abandon rate making…”