On the recordFebruary 25, 1932
Two years ago I directed a searching investigation by the Department of Justice and the Department of Commerce into the whole condition in bankruptcy administration.
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presidency.ucsb.eduTwo years ago I directed a searching investigation by the Department of Justice and the Department of Commerce into the whole condition in bankruptcy administration.
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Both of these committees to function in much the same way as the Interstate Commerce Commission now acts in passing upon loans to railroads.
The willingness of our people to accept this added burden in these times in order impregnably to establish the credit of the Federal Government is a great tribute to their wisdom and courage.
These policies and measures will hold our hard-won American system of ordered liberty and government.