Franklin Roosevelt actually said...

I think most of us would agree that in the future it will be better to improve the instruments of progress than to discard them.

the loss is authorized to be computed on that basis.

the losses so sustained since April 1, 1934, or hereafter sustained thereon, shall be reimbursed.

the exchange losses for such portion of the country may nevertheless be computed upon the basic rate prescribed for the country as a whole.