When a railway goes into receivership from inability to find money with which to pay interest on bonds, then again not only do we have depreciation in prices of these securities, but it affects the assets of every institution.

I have myself been advocating this for the last 6 years.

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

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

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

We bring in the question of such things as life insurance, charitable trusts-so these are the things we are trying to reach fundamentally.

It is proposed merely to try to avoid waste that goes on now through dissipation of energies in a lot of places that overlap and are not under adequate control.

What we are trying to do is open the channels of credit so as to dissipate fear and apprehension in the minds of the bankers and the public and businessmen, and thereby restore the people to their normal jobs.

It is an economy measure, one that is long overdue.

A race is fortunate that can contribute a voice calling to order and to conscience in the world which shall be heard above the froth and immaterial substance of everyday life.

They are defending the very principles of liberty and freedom.

I am confident of the resources, the power, and the courage of our people to triumph over any national difficulty.