10/14/1929
https://www.presidency.ucsb.edu...
"What we are trying to do is open the channels of credit so as to dissipate fear and apprehension in the minds of the bankers and the public and businessmen, and thereby restore the people to their nor..."
"I have myself been advocating this for the last 6 years."
"It is proposed to do this without disturbing any of the great major activities of the Government and independent agencies such as the ICC [Interstate Commerce Commission], Federal Trade, Federal Reser..."
"It is an economy measure, one that is long overdue."