"The success of the bank measure had a great deal to do with restoring national confidence. By his action, Roosevelt steadied the country’s finances. If he had not closed the banks and pushed through the Emergency Banking Act, there is little doubt that as far as money was concerned the country would have collapsed entirely. With this act began the most hectic legislative period in American history. A few days after President Roosevelt was inaugurated, and after I had recovered from the flu, he called me to the White House to discuss his program. I was then on the Senate Finance Committee, the Foreign Relations Committee, the Elections Committee and I was chairman of the Public Buildings and Grounds Committee. At that White House meeting, F.D.R. told me that he was not only interested in recovery measures, but also in long-overdue reforms. The Banking Act was to be just the first bill of a group opening the dam gates to a flood of legislative activities. Our immediate problems were to revive agriculture, business and industry, and save home and farm owners and feed and clothe the unemployed. But at the same time, we would reform the stock market, make better use of our natural resources, increase labor’s bargaining position, fight slums and bring about a social-security system for the aged, handicapped and unemployed. I was delighted now with his determination and leadership."