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Herbert Hoover Inaugural Address Monday, March 4, 1929 My Countrymen: THIS occasion is not alone the administration of the most sacred oath which can be assumed by an American citizen. It is a dedication and consecration under God to the highest office in service of our people.

Among the gifts were 340 prisoners, 83 hands, 2041 mares, 191 foals, 6 stallions, a royal chariot with a golden pole, a second royal chariot, 892 chariots, total 924 chariots; 2 royal coats of mail, 200 ordinary coats of mail, 502 bows, 7 tent poles inlaid with gold, 1929 cattle, 2000 goats, and 20,500 sheep.

In that message I analyzed the causes of the collapse of 1929 in these words: "over-speculation in and overproduction of practically every article or instrument used by man. . . millions of people, to be sure, had been put to work, but the products of their hands had exceeded the purchasing power of their pocketbooks. . . . Under the inexorable law of supply and demand, supplies so overran demand which would pay that production was compelled to stop.

We cannot report, despite all the progress that we have made in our domestic problems despite the fact that production is back to 1929 levels that all our problems are solved. The fact of unemployment of millions of men and women remains a symptom of a number of difficulties in our economic system not yet adjusted.

That an earthquake will not open a rift some day in the future and lower the water into subterranean caverns? The volume of water of all the oceans is no more to the volume of the earth than a tissue paper wrapping on an orange. Is it too great a fantasy? Why, reading the facts of what happened in 1929, it is already prognosticated.

While the Depression which swept America in 1929 was a national disaster, it did not hit all segments of society equally, In America, poverty and starvation are also discriminatory. To quote the old adage again, "The Negro is the last to be hired and the first to be fired."

We also became convinced that the only way to avoid a repetition of those dark days was to have a government with power to prevent and to cure the abuses and the inequalities which had thrown that system out of joint. We then began a program of remedying those abuses and inequalities to give balance and stability to our economic system to make it bomb-proof against the causes of 1929.

He forged a United States Treasury check and when the federal men got after him he fled to Chicago. He was picked up and on November 29, 1929, he found himself before a U.S. Commissioner who ordered his return to San Francisco. On December 19 of the same year he pleaded guilty before Federal Judge F.J. Kerrigan and was given a year and a half.

Our citizens' army, however, including the National Guard and other forms of reserves, increase these totals up to about 299,000 in 1914, about 672,000 in 1924, and about 728,000 in 1929. Under the Kellogg pact we have undertaken never to use war as an instrument of national policy. We have, therefore, undertaken by covenant to use these equipments solely for defensive purposes.

From the Divinity School of the Protestant Episcopal Church, Philadelphia, he received the degrees of S.T.B., S.T.M., and S.T.D. He was ordained in the Protestant Episcopal Church in 1929 and 1930. Whitman College and the Chicago Theological Seminary have each honored him with the D.D. degree. In 1931 he became Vicar of St.