Herbert Hoover actually said...

There is now a patriotic opportunity for our citizens unitedly to join in this campaign against depression.

Statement on the Hoarding of Currency

02/02/1932

More Herbert Hoover Quotes

The essence of this proposition is to give time to permit debtor governments to recover their national prosperity.

I do not approve in any remote sense of the cancellation of the debts to us.

I am suggesting to the American people that they be wise creditors in their own interest and be good neighbors.

At an appropriate time I shall transmit the report to the Congress.