Calvin Coolidge actually said...

"Our history reveals that in such expectation we have not been disappointed."

"I am not familiar enough with the exact workings and practice of the Federal Reserve System so that comments that I might make relative to the amount of brokers' loans and so on would be of very much ..."

"I do know in a general way that the amount of securities in this country has increased very largely in recent years."

"And those two things together would necessarily be a reason for doing more business of that kind that is transacted by brokers and would naturally result in a larger sum of money being used for that p..."