GOLD FROM ABROAD
FLOWING INTO AMERICA MEASURES FOR CHECKING Press Association—By Telegraph—Copyright NEW YORK, April 20. . The ‘ New York Times ’ says; “ Wall Street sources have been informed that President Roosevelt and his economic advisers are considering positive measures to check the flow of gold from abroad. A decision as to the type of action has not been reached, but the Administration is convinced that the situation permits other nations virtually to dump gold here, and requires the Treasury to borrow money to pay. This must be corrected. The plan which is receiving the foremost consideration is an import tax or license fee of sufficient size to deter imports. This would be equivalent to a reduction in the Treasury’s buying price, and may account for the reduction rumours, which were officially denied,”
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Bibliographic details
Evening Star, Issue 22628, 21 April 1937, Page 11
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131GOLD FROM ABROAD Evening Star, Issue 22628, 21 April 1937, Page 11
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