ROOSEVELT’S REPLY

Grey River Argus, 16 May 1935, Page 5

ROOSEVELT’S REPLY

TO HIS CRITICS

On Farm Curtailment <Aus. and N Z. Cable Assn.) (Received May 15 at 7 p.m.) WASHINGTON, Mav 14. Hom the south portico of White p, es„lent Roosevelt addressed 4000 farmers, who had gathered at the Capital nom twenty of the States. ie\ gat ered to make a demonstration m support of the Roosevelt Administration ? S agrarian programme. The occasion was the second anniversary of the establishment of the Agricultural Adjustment Act. Often digressing from his prepared text, the President vigorously defend•*d his farm policies. He twice used the word “lying” in connection with • riticisms levelled at the farm curtail* ment programme. He was particularly • austic concerning charges that fool and cotton had been destroyed when a great number of people were suffering from under-consumption. Mr Roosevelt said: “No cotton has beenploughed under since the year 1933. when the surplus of cotton exceeded twelve million bales; and such animalj as have been killed were processed and distributed to the unemployed.” Mr Roosevelt flatly declared that the Government will continue every effort to maintain as near a balance a§ possible between production and consumption. thus maintaining the farm incomes on a parity with those from other occupations. LONDON UNCERTAINTY. (Received Mav 15. at 8 p.m.) LONDON. May 15. The financial papers regard Mr Morgenthau’s latest statement on *the matter of international currency stabilisation as being vague, and they express the opinion that there is not likely to be any immediate result from it. ANGLO-GERMAN CONVERSATIONS LONDON, May 15. The Financial News’s” Berlin correspondent reveals that Mr Montague Norman (President of the Bank of England) has stayed for several days at 'the holiday resort of Doctor Schacht. German Finance Minister, and •‘head of the Reiehbank in the Black Forest. German sources, says the correspondent, deny that Dr. Schacht endeavoured to secure new credit ftom the Bank of England.N.R.A. Policy SENATE ENDORSED. WITH A TIME LIMIT. WASHINGTON. May 14. Despite a p’ea from President Roosevelt for a two year extension of the N.1.A.R.A., the United States Senate passed a resolution on the voices, extending the N.I.A.R.A. for nine months as a further experiment, before any definite policy is adopted. Senator Richberg. on behalf of the N.T.A.R.A. had declared that such a compromise would be folly, but the Senate leaders insisted that a complete review of this important part of f he recovery programme during the current session of Congress would be impossible. and that a temporary extension only would be a feasible course of action.