ROOSEVELT POLICY

Grey River Argus, 10 May 1935, Page 4

ROOSEVELT POLICY

BRITISH CAPITALIST CRITIC. (Aus. and N.Z. Cable Assn.) (Received May 9, at 10 p.m.) CHICAGO, M?y 8. 4 The existing inflation grour.dfivork of the United States requires only one re currence of the speculative spirit of 1929 “to blow the roof off the world,’ ’ so Sir John Stam told two hundred business and financial leaders at a luncheon in his honour. Ho expressed the opinion that the United States was * able to continue the unbalanced conditions caused by inflation and the big Federal deficit longer than European nations could, because “your people are not easilv alarmed, but when public psychology changes, great will be the fall thereof.’’