Excerpts of the President's News Conference
Here is another pertinent question that I should have referred to in relation to the developments at London. I should judge that the probable effects there would be exceedingly good on American business conditions. I should expect that it would stimulate business, I don't mean export business, but a general feeling that at last we are reaching a stage where we can see stable conditions in Europe, and that would mean a stabilizing of conditions here, and a minimizing of the present uncertainty, so that people would feel that they could go ahead with their business enterprises.
Source: "The Talkative President: The Off-the-Record Press Conferences of Calvin Coolidge". eds. Howard H. Quint & Robert H. Ferrell. The University Massachusetts Press. 1964.
Calvin Coolidge, Excerpts of the President's News Conference Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/349063