Calvin Coolidge

Our country doesn't undertake to make any suggestion about the desirability of a loan, or the financial soundness of it, or whether it is worthy or unworthy of investment in its bonds by investors in this country.

The Constitution places in the hands of the President, and he ex-ercises that authority chiefly through the State Department, the conduct of foreign relations, relations between this country and foreign countries.

I saw some reference to the statement made by Senator Glass relative to foreign loans.

Since I have been President, of course, we have entered into a good many new expenditures.

I have said a great deal about tax reduction, of course, since I have been President, but this always has to be borne in mind—that tax reduction is to be secured only as the result of economy.

And we have been able to meet these large increases by absorbing them through economies in other directions.

The present debt of the United States is about $18,000,000,000.

So far as I know, the United States Government is neither favoring nor opposing any particular candidate for the office of President of Nicaragua.

I am opposed to extravagance, rather than to tax reduction.

This conference recognizes that the radio has become a great influence in the world.

The weakest place in the line of national defense is at present the large debt of the country.

Perhaps one of the greatest satisfactions of my administration lies in the very marked reduction of the national debt since I have been President.

In many fields our country claims the right to be the master of its own independent development.

I am exceedingly interested in reducing as fast as we can, and at the same time maintaining a reasonable rate of taxation, the national debt.

The world will not be benefited by this increase in the scope of its power unless there is corresponding increase in moral development.

An instrument of such far-reaching magnitude, fraught with so great a power for good to humanity, naturally requires national and international regulation and control.

Communication is one of the important supports of civilization.

I, Calvin Coolidge, President of the United States of America, do hereby designate the week of October 9 to 15, 1927, as National Fire Prevention Week.

Each community throughout the land should lay plans for an appropriate observance of Fire Prevention Week.

It is one of our most important foreign missions although perhaps not one that would be so much sought after as an appointment at St. James or at Paris.

I am very much pleased that Mr. Morrow is going to make the sacrifice that is entailed by accepting an appointment of this kind.

Special attention should be devoted to the prevention of fires in rural districts and in our forests.

He is wonderfully well equipped I think to take a mission of that kind.

I recommend to all of our citizens that they lay particular emphasis upon the elimination of fire hazards in their homes and places of business.

I do not know just how soon he will go.