THE PRESIDENCY: The Coolidge Week: Apr. 30, 1928

¶ "The most extortionate proposal that has ever been made upon the nation's revenues"—these would be harsh words from any man. From President Coolidge, who applied them last week to the Flood Control bill which had been passed by the Senate and was pending before the House, they sounded almost savage. President Coolidge added that the provisions of the bill would enrich great railroad and lumber companies besides impoverishing the national Treasury. The bill called nominally for $325,000,000, but every one realized that in practice the cost could run as high as...