Herbert Hoover actually said...

Since that time it has not only stopped, but it is estimated that $34 million has been returned to circulation from hoarding.

Statement on Hoarding of Currency.

02/15/1932

More Herbert Hoover Quotes

By its very purpose it compels the respect for its own flag and its own passports.

It is as truly theirs as the flag or the public school.

THE RED CROSS is one of the most beautiful flowers of the American spirit and the American democracy.

It represents our people in their most generous, unselfish, and spontaneously warmhearted character.