Here are some more statements:
Sept. 1929
“There is no cause to worry. The high tide of prosperity will continue.” Andrew W. Mellon, Secretary of the Treasury
Oct. 14, 1929
“Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board”. New York Times
Dec 5, 1929
“The Governments business is in sound condition.” Andrew W. Mellon, Secretary of the Treasury
Exactly what we are hearing today....
Today it looks like sheer miracle is all that is keeping the economy afloat.