The gradual credit contraction during the past 8 months arising indirectly from causes originating in foreign countries and continued domestic deflation, but more directly from hoarding, has been unquestionably the major factor in depressing prices and delaying business recovery.
Statement on Signing the Federal Reserve Act, Amendments
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More from Herbert Hoover
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…
My dear Mrs. Bird: I am deeply grieved to learn of the death of your brother, the universally beloved Father Francis P. Duffy.
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.
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