Herbert Hoover actually said...

I do not know of any nation in the world which manages to maintain through its national life the gold value of its currency.

I cannot make a public statement in the matter.

The action, no doubt necessary on the British side, is not, we feel, going to have any great effect in the United States.

We can carry our present expenditures without jeopardy to national stability. We cannot carry more without grave national risks.