Herbert Hoover actually said...

I am confident that the further nonpartisan measures of reconstruction to assist the earlier payment of depositors in closed banks, to apply rigid economy in Government expenditures, to balance the budget, to reform railway regulation, etc., will be dealt with by the Congress in the same spirit of cooperation that these great questions have already received.

Context

Statement on Signing the Federal Reserve Act, Amendments

02/26/1932

https://www.presidency.ucsb.edu...

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