Democrats
Cry Wolf Quotes
Believe such legislation would eventually seriously injure home-financing institutions which have been in existence in the country over a hundred years.
It would require us to mail out forms and get information on 450 or more chemicals from 7,500 firms. We think that would require another 15 people [and $300,000 more in costs].
[Government intervention would mean dealing with] a pestilential lot of spies, meddlers, and informers. The Federal Government was not created for the purpose of cutting your toe nails or corns. I believe there are millions of old women, white and black, who know more about good victuals and good eating than my friend Doctor Wiley and all his apothecary shop.
The enactment of the foregoing bill as introduced would, in our opinion, eventually ruin the original home thrift institutions, such as ours, and approximately 11,000 others in the United States holding the savings of 10,000,000 of our people in the aggregate sum of approximately $8,000,000,000.
