Herbert Hoover actually said...

"It is proposed to do this without disturbing any of the great major activities of the Government and independent agencies such as the ICC [Interstate Commerce Commission], Federal Trade, Federal Reser..."

"The public can understand that if one local merchant finds it difficult to borrow from the banks his normal credit to maintain a stock of goods, he necessarily shortens down on his stocks and this ref..."

"I am glad to report that since February 4 when I took action on hoarding, there has been an entire turn of the tide."

"They are defending the very principles of liberty and freedom."