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 23, 1932

There is another phase of the bill as passed which is disheartening.

presidency.ucsb.edu
Jun 26, 1932

Executive Order No. 4610, approved March 10, 1927, as amended by Executive Order No. 4833, March 19, 1928, and by Executive Order No. 5001, November 23, 1928, is revoked effective July 1, 1932.

presidency.ucsb.edu
Jun 23, 1932

I am glad to see the adoption by both the Senate and the House of the principle of generous relief to unemployment.

presidency.ucsb.edu

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