Our finances are in sound condition.
Editor's note · Context
Annual Budget Message to the Congress, Fiscal Year 1931
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More from Herbert Hoover
And bank failures which amounted to nearly 100 a week when the Corporation began are now down to about the casualties of normal times.
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…
I have informed Republican leaders that except for a few major addresses expounding policies of the administration I will not take part in the forthcoming campaign as my undivided attention must be given to the duties of my office.
The willingness of our people to accept this added burden in these times in order impregnably to establish the credit of the Federal Government is a great tribute to their wisdom and courage.





