Calvin Coolidge Says, September 13, 1930

February 4, 2021

Date: September 13, 1930 Location: Saranac Inn, NY (Original document available here) The financial strength of the United States has just been demonstrated by the eagerness of the public to invest about $1,250,000,000 in 2 3/8 per cent Treasury notes. The offering was nearly four times oversubscribed. Our great increase in wealth and ready money […]

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Calvin Coolidge Says, December 12, 1930

January 26, 2021

Date: December 12, 1930 Location: Northampton, MA Summary: Sales by installment payments do not encourage extravagant spending.  This form of credit is a powerful demonstration of trust among the public. (Original document available here) Three or four years ago there began considerable discussion of the practice of installment sales. While the system was by no means […]

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Calvin Coolidge Says, March 5, 1931

January 18, 2021

Date: March 5, 1931 Location: Northampton, MA (Original document available here) The Senate has resolved that the executive department of the government should take no action concerning making foreign loans by the people of this country. Early in the Harding administration when credit was scarce and interest high, foreigners were borrowing our capital. There was […]

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Calvin Coolidge Says, February 6, 1931

December 16, 2020

Date: February 6, 1931 Location: Northampton, MA Summary: Coolidge defends banking, highlighting the necessity of the financial sector to the life of the nation. (Original document available here) We do not often think what an important service for all the people is performed by the banks. When matters are going smoothly we naturally take results for […]

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