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
Message to the Senate Transmitting a Report on Foreign Loan Flotations.
Share & report
More from Herbert Hoover
While these features in the Wagner and the Garner bills are not in the form and are not as well safeguarded as they should be, they are in line with major objectives I have been advocating.
We must make headway against the mutual fear and friction arising out of war armament which kill human confidence throughout the world.
Other voices in this conversation
