02/04/1929
https://www.presidency.ucsb.edu...
"That seems to be due in large part to the attitude of those that are interested in the lumber companies."
"I don't think that in passing a bill of this kind the opportunity should be seized on to put the Government in a position where it would have to endow them with very large damages."
"I don't know of any proposal that has been made, certainly since I have been President, and I doubt if any was ever made, of such an extortionate nature as that provided for in the bill passed by the ..."
"Such actions are always taken on the assumption that they are a public benefit."