We have hitherto regarded great business depressions with their inevitable train of unemployment and hardships as an inevitable fever which must run it course, and in former times if public works were undertaken in alleviation of unemployment it has been in the sense of semi-charity.
Address to the Governors' Conference.
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It is estimated that altogether over 10 million individual depositors and borrowers have been benefited by the margins provided by the Reconstruction Finance Corporation to these banks.
His services to country were so varied and valuable as to earn the gratitude of the Nation and his character won him the high regard of a host of friends.
There is little need for me to express the gratitude which I know the whole country holds for this great service now added to a life of long devotion to public welfare.
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