No external drain on our resources can threaten our position, because the balance of international payments is in our favor; we owe less to foreign countries than they owe to us; our industries are efficiently organized; our currency and bank deposits are protected by the greatest gold reserve in history.
Hoover reassures that the U.S. is in a strong financial position with a favorable balance of payments and a large gold reserve.
Share
More from Herbert Hoover
My dear Mrs. Bird: I am deeply grieved to learn of the death of your brother, the universally beloved Father Francis P. Duffy.
I had the pleasure of his acquaintance and I shared the admiration he inspired in all who knew him by his joyous humanity and his unlimited interest in and devotion to the happiness and well-being of others.
Enlisted men of the Marine Corps having established their special qualifications in the use of the arm or arms which they are required to use, under such regulations and conditions as are now, or may hereafter be, prescribed by the…
Other voices in this conversation
