In no nation are the fundamental business conditions sounder than in ours at this very moment; and it is foolish, when such is the case, for people to hoard money instead of keeping it in sound banks; for it is such hoarding that is the immediate occasion of money stringency.
Roosevelt warns against hoarding money during prosperous times, advocating for sound banking practices.
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More from Teddy Roosevelt
Our country—this great Republic—means nothing unless it means the triumph of a real democracy, the triumph of popular government, and, in the long run, of an economic system under which each man shall be guaranteed the opportunity to show…
Like all other good citizens, I accept the result with entire good humor and contentment.
One of the chief principles for which I have stood, and for which I now stand, and which I have always endeavored and always shall endeavor to reduce to action, is the genuine rule of the people.
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