Political Quotes

Herbert Hoover: by what sanction of law, constitutional or statutory, does the State Department assume the right to direct the action of…

On the recordJune 19, 1930
by what sanction of law, constitutional or statutory, does the State Department assume the right to direct the action of the Federal Reserve Board or banks with respect to their lawful powers concerning the business of banking in foreign countries or the investments of these banks in foreign securities offered in the money markets of the United States
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Message to the Senate Transmitting a Report on Foreign Loan Flotations.

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