Herbert Hoover actually said...

"But a decrease in demands of policyholders for loans on the insurance companies and the action recently taken by the Federal Reserve System should result in increased supplies of credit, especially fo..."

"If the board finds it necessary to have further funds it should be possible to make provision for them in ample time, as Congress will no doubt be in session by the time they are required."

"The low point of business and employment was the latter part of December and early January."

"The undertakings to maintain wages have been held."