Political Quotes

Herbert Hoover: “When a railway goes into receivership from inability to find money with which to pay interest on bonds, then again not…”

On the recordFebruary 15, 1932
When a railway goes into receivership from inability to find money with which to pay interest on bonds, then again not only do we have depreciation in prices of these securities, but it affects the assets of every institution.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

The President's News Conference

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More from Herbert Hoover

Jun 26, 1932

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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