US Presidency
1931

Assistance to all railroads by protection from unregulated competition, and to the weaker ones by the formation of a credit pool, as authorized by the Interstate Commerce Commission, and by other measures, thus affording security to the bonds held by our insurance companies, our savings banks, and other benevolent trusts, thereby protecting the interest of every family and promoting the recuperation of the railways. 9. The revision of our banking laws so as better to safeguard the depositors. 10. The safeguarding and support of banks through the National Credit Association, which has already given great confidence to bankers and extended their ability to make loans to commerce and industry. 11. The maintenance of the public finance on a sound basis: ( a ) By drastic economy. ( b ) Resolute opposition to the enlargement of Federal expenditure until recovery. ( c ) A temporary increase in taxation, so distributed that the burden may be borne in proportion to ability to pay amongst all groups and in such a fashion as not to retard recovery. 12.