Herbert Hoover actually said...

"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..."

"Measures taken to ameliorate interest rates have resulted in continuous decrease since December, and money is available at lower rates for business and commercial purposes."

"The Departments of Commerce and Labor are engaged in the usual monthly survey of business and unemployment and especially of the results obtained from the measures which have been in progress since th..."

"Available money for mortgage purposes of home building and agriculture has lagged behind other forms of credit."