Calvin Coolidge

I am telling you that for your information—not for your publication.

They always seem to think that if they can tell me that the expense is for non-military purposes it doesn't cost the taxpayer anything, and that, therefore, I ought to approve it.

I do not know of any needs in the War and Navy Departments that are likely to jeopardize the reduction of taxes.

I think I have indicated to the conference a great many times that that is a board that does function and ought to function entirely apart from the Executive, acting almost entirely in the nature of a judicial position.

I don't recall any communications from representatives of the chemical industry favoring legislation to revise the Sherman Anti-Trust Law.

I haven't any information about the action of the Federal Reserve Board in lowering the re-discount rate in Chicago.

It is desirable, of course, to conserve our petroleum.

I want to congratulate the members of the conference that were able to be with me in the Black Hills and commiserate the rest of you that were not able to be with us.

I find in making my decisions it is often very much simplified if I find out what the law requires and then go ahead and do it.

Very likely I shall observe that, as I do other days, here in the office.

I haven't changed my views on it.

In accordance with custom, I would rather you didn't publish the date of my going.

I am not in favor of the United States Government embarking on another program of building ships.

I have stated my position relative to our merchant marine several times in my messages to the Congress.

Nearly all the ships we are operating are operating at a loss.

I expect to go to Yellowstone Park.

We have just had an experience in building $3,500,000,000 worth of ships on which we lost over $3,000,000,000.

What I desire especially to do is to get our merchant fleet into private operation, with sufficient guarantees to have it kept in operation.

I should presume that the United States Steel Corporation would need an executive head during the next year and a half, which would probably prevent their waiting for my services, even though they thought that was desirable.

My college has just chosen a President, a young man as college presidents go, very promising, and I doubt very much if they are contemplating making any change.

I think I remarked the other day that undoubtedly I shall have plenty of opportunities to work, some real and a good many fanciful.

Wages are on a very liberal basis.

That is always the case, that there are some lines lagging behind.

The business of the country is in very fair condition.

Labor conditions are extremely satisfactory.