Herbert Hoover actually said...

So I wanted you to get that background upon it all, because it seriously concerns the press to give the confidence to the public that the business fabric is now organizing itself, taking steps on its own responsibility to carry on; that it is going to go even farther and stretch itself to meet any possible condition of employment is the thing that will give courage to the public rather than to say to them every day that they should not be alarmed.

Context

The President's News Conference

11/18/1929

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

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