Political Quotes

On the recordFebruary 24, 1932
YOU MAY WISH to announce the fact that from the first of the year up to my announcement of your organization and its program the amount of hoarding estimated by the Federal Reserve Board after making allowance for seasonal changes was two hundred ninety five millions and that since that date until February twenty-third there has been a return of sixty millions to circulation likewise after making allowance for seasonal changes.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Message to the Chairman of the Citizens Reconstruction Organization.

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More from Herbert Hoover

Jun 4, 1932

The enactment of the legislation which has been recommended creating the system of home loan discount banks.

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Jun 16, 1932

This refuge shall be known as the Semidi Islands Wild Life Refuge.

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Jun 5, 1932

No department shall close a station no longer needed by it which is serving other Government departments without first making arrangements in respect to such service that are satisfactory to the departments being served.

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