GLOOMY OUTLOOK

Evening Post, Volume CXXVII, Issue 85, 12 April 1939, Page 9

GLOOMY OUTLOOK

) AMERICAN OPINION

'1 WAR LIKELY SHORTLY

MR. ROOSEVELT & MR. HULL CONFER .

(By Telegraph—Press Association —Copyright.) WASHINGTON, April 10. Indicating his concern over the European situation, President Roosevelt conferred with Mr. Cordell Hull, Secretary of State, and Mr. Morgenthau, Secretary of the Treasury, aboard the train' immediately he arrived from Warm Springs today. I Mr. Hull's anxiety and preoccupa- j tion wene obvious. He told Press j representatives that war threats were keeping business interests hopelessly alarmed. He pointed oui that European.' capital had fled to America in hundreds of millions of dollars, curtailing purchasing power abroad and dislocating trade, with injurious results for-everybody.

Mr. Morgenthau commented similarly, and expressed the opinion that the outlook was gloomy. He announced that the Treasury's present working baliance was. 2,600,000,000 dollars, which was large enough to meet all possible contingencies arising from the present international situation.

Mr. MorgSenthau's statement lent emphasis to the belief held in other official circles that unless effective means are devised soon to curb the Nazi and Fascist threats to the world economic structure, a European war is likely to result shortly.