Calvin Coolidge actually said...
As far as I can see myself and as far as I am advised by the members of my Cabinet, Mr. Hoover, who keeps very closely in touch with the business situation, and Mr. Mellon, who is in touch with the banking situation and the business situation, too, both advised me just before I left Washington that the business outlook for the coming period, immediate period, was good, and so far as there have been developments since I talked with them their expectations have been fully confirmed.
07/27/1926