Political Quotes

On the recordDecember 17, 1931
In consequence of the fall in prices of railway bonds, I have a number of telegrams from different parts of the country and inquiries from the press as to the status of the various agencies which are proposed to assist those railways which are not earning their fixed charges across the trough of the depression without further consequential defaults on bonds or receiverships.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Statement on Financial Assistance to Railroads.

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