In Their Own Words
March 08, 1933
Atlanta Constitution Editorial on Bank Holiday
Three years into the Great Depression, America’s banking system appeared on the verge of collapse and depositors hurried to withdraw their funds. Two days earlier, Pres. Franklin Roosevelt had declared a national four-day banking holiday. In Atlanta, major banks prepared to issue script instead of currency to their customers. Reacting to the crisis, the Atlanta Constitution carried an editorial ray of hope on today’s newspaper:
“No more convincing example of the ability of the American people to ‘take it on the chin’ and come up smiling has appeared in the history of the nation than the spirit with which they have accepted the inconveniences resulting from the four-day bank holiday.
“As a people we have greeted this drastic step with cheer and increased confidence.
“For such a manifestation there is, of course, more reasons than merely the sturdiness of spirit and bulldog stick-to-it-iveness we inherit from our forebears.
“Chief among these reasons is the sure faith of the people of the United States in the certain return to normal conditions. they know their country well enough - its latent wealth, its boundless resources and its wide-flung opportunities for prosperity and happiness - to realize that the troubles of the day are only temporary, and that the ‘sun will shine tomorrow.’
“Its glow already brightens the horizon.”
Source: Franklin M. Garrett, Atlanta and Environs: A Chronicle of Its People and Events (Athens: University of Georgia Press, 1969 reprint of original 1954 edition), Vol. II, p. 904.