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I owe this in particular because of the fortitude and good temper with which everybody has accepted the inconvenience and hardships of the banking holiday.And I know that when you understand what we in Washington have been about I shall continue to have your cooperation as fully as I have had your sympathy and help during the past week.
This bank holiday while resulting in many cases in great inconvenience is affording us the opportunity to supply the currency necessary to meet the situation.
Remember that no sound bank is a dollar worse off than it was when it closed its doors last week.
The new currency is being sent out by the Bureau of Engraving and Printing in large volume to every part of the country.
It is sound currency because it is backed by actual, good assets.
In other words the total amount of all the currency in the country is only a comparatively small proportion of the total deposits in all the banks of the Country.