GRIM NEMESIS

Evening Post, Volume CXI, Issue 95, 23 April 1931, Page 11

GRIM NEMESIS

FACING LANG ON RETURN

EDITORIAL COMMENT

(Received ,23rd April, 10.30 a.m.) i SYDNEY, This Day. The "Sydney Morning Herald," editorially, says: "Mr. Lang returns from his tour of the Southern States, wl.ere he has been on a campaigu to spread the mad doctrine of repudiation as a means .of recovering prosperity to find a grim Nemesis awaiting him in his own State. The people have revealed in a most, striking manner that they have no confidence whatever in his. disastrous course, arid tho- crisis which has descended on. a great institution in which. tho, people trusted, their savings to the'State's-use of them is the most telling possible denunciation of the Lang Government by every depositor in it, even tho smallest. Mr. Lang must resign and the State must secure stable government with the least possible loss of. time. Only by such action can public confidence) !»c restored. " j. >4 Tho "Labour Daily," in.u-ii 'editorial, says: "The uiisoi'iipinoiis enemies 'of poor people and tho Lang Labour Government at last, by employing tho most cowardly and despicable means—barefaced lying—have succeeded in closing the doors of the Government Savings

Bank of New South Wales. The future of the bank and the disposal of the people's money are problems of the morrow, and unfortunately they aro problems which, because of chance.circumstances, are in the hands of people who- have proved that they will stop at nothing to serve their political or financial ends. It is no use glossing over the facts that the crisis is the 'most serious in forty years of our banking history."