Calvin Coolidge: “The Federal reserve system is not a panacea for all economic or financial ills.”

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.

All competitors rated at 70 or more shall be eligible for appointment, and their names shall be placed on the proper register, according to their ratings.

Nothing special took place at the Cabinet this morning.

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