Political Quotes

On the recordMarch 2, 1931
I sympathize greatly with the desire of the people of Tennessee and Alabama to see this great asset turned to practical use
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Veto of the Muscle Shoals Resolution

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The review of the work of the Corporation showed that in the 14 weeks of its life loans of about $500 million were authorized to something like 4,000 banks, agricultural credit corporations, life insurance companies, and other financial…

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And bank failures which amounted to nearly 100 a week when the Corporation began are now down to about the casualties of normal times.

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They also discussed methods further to coordinate all economic agencies engaged in assistance to business, employment, and agriculture.

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