Herbert Hoover actually said...

"The undertakings to maintain wages have been held."

"But a decrease in demands of policyholders for loans on the insurance companies and the action recently taken by the Federal Reserve System should result in increased supplies of credit, especially fo..."

"All the evidences indicate that the worst effects of the crash upon employment will have been passed during the next 60 days with the amelioration of seasonal unemployment, the gaining strength of oth..."

"If the board finds it necessary to have further funds it should be possible to make provision for them in ample time, as Congress will no doubt be in session by the time they are required."