believe that we may be the first state to escape from its grasp.
I am encouraged to believe that the enactment of the Reconstruction Finance Corporation will have a stabilizing influence and that its early functioning under efficient officers and directors will speed the economic recovery of the country.
FEBRUARY 13, 1932
For the first time since the beginning of the panic do I feel reasonably confident that the bottom has been reached.
The administration at Washington has been engaged for two years trying to get new wine in old bottles. At last it has launched the Glass bill to liberalize the Federal Reserve act and stopped the practice of prescribing narcotics.
I believe we are on the way.
What we need most and must have is a response to the demands of 8,000,000 unemployed whose cry is "We want work." For the first time I see the gleam of hope in the present distress.
MARCH 8, 1932
If what has been done has its defects and dangers, let those* who criticize and condemn suggest something____________________