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"By the afternoon of March third, a week ago last Friday, scarcely a bank in the country was open to do business can best describe this. Proclamations closing them, in whole or in part, had been issued by the Governors in almost all the states. It was then that I issued the proclamation providing for the national bank holiday, and this was the first step in the Government's reconstruction of our financial and economic fabric...
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"By the afternoon of March third, a week ago last Friday, scarcely a bank in the country was open to do business can best describe this. Proclamations closing them, in whole or in part, had been issued by the Governors in almost all the states. It was then that I issued the proclamation providing for the national bank holiday, and this was the first step in the Government's reconstruction of our financial and economic fabric...
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