There is no justification for any such situation in view of the strength of our banking system and the strong position of our Federal Reserve System.
Herbert Hoover: “There is no justification for any such situation in view of the strength of our banking system and the strong position…”
On the recordOctober 6, 1931
Source
presidency.ucsb.eduEditor's note · Context
Statement on Financial and Economic Problems.
Share
More from Herbert Hoover
Jun 26, 1932
I do so with the deepest regret because of the distinguished service you have rendered and the fine place you have been able to make for yourself in the Diplomatic Service.
Jun 27, 1932
In order to avoid the confusion arising from the fact that there is a national park and a national forest in the State of Virginia bearing the same name, that is 'Shenandoah,' it is hereby ordered that the name of the 'Shenandoah National…
Jun 27, 1932
Enlisted men of the Marine Corps having established their special qualifications in the use of the arm or arms which they are required to use, under such regulations and conditions as are now, or may hereafter be, prescribed by the…





