THE PRESIDENCY: Call for Sacrifice

I am confident that the undertaking of the representatives of both political parties to balance the Budget will be fulfilled. It is the very keystone of recovery. It must be done. Without it the Depression will be prolonged indefinitely.

So declared President Hoover in his first press conference in three weeks. Congress had just killed the Sales Tax (see p. 12). The President was described as "keenly disappointed." A confused and troubled citizenry began to turn to the White House for information and leadership. Perhaps the President...

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