○  英语演讲稿：The Banking Crisis  ○

days of February and the first few days of March? Because of undermined confidence on the part of the public, there was a general rush by a large portion of our population to turn bank deposits into currency or gold -- a rush so great that the soundest banks couldnt get enough currency to meet the demand.

　　The reason for this was that on the spur of the moment it was, of course, impossible to sell perfectly sound assets of a bank and convert them into cash, except at panic prices far below their real value.

　　By the afternoon of March third, a week ago last Friday, scarcely a bank in the country was open to do business.

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