It is urgent that the banks be supported so as to stabilize the market values of their bonds and thus secure capital for the farmers at low rates, that they may continue their services to agriculture and that they may meet the present situation with consideration to the farmers.
Herbert Hoover: “It is urgent that the banks be supported so as to stabilize the market values of their bonds and thus secure capital for…”
Editor's note · Context
Hoover stresses the need to support banks to help farmers access capital at low rates.
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