Herbert Hoover actually said...

The very first service to them must be to place our own house in order; to restore our own domestic prosperity.

Address to the Indiana Republican Editorial Association at Indianapolis.

06/14/1931

More Herbert Hoover Quotes

Since that time it has not only stopped, but it is estimated that $34 million has been returned to circulation from hoarding.

Up to a few days previous to that time hoarding was greatly on the increase.

Of course, hoarding is just one of the parts of the vicious cycle that starts from a shortage of credit.

I am glad to report that since February 4 when I took action on hoarding, there has been an entire turn of the tide.