America Beware!
JEESOXTS TOO FEARFUL TO CON • template if experiment GOES WRONG Received Wednesday, 9.50 p.m. LONDON, July 12. The noted English hanker and
'economist, Sir. JosiSh stamp, broadcasting to Britain and the ' Doited States, said the success of 'President Roosevelt’s measures de- • pjjhds on the mental and moral calibre of the American people. The'great thing they have to fear is too, high speculative activity, ■with its inevitable reactions. If * their, hopes for the future dash frantically ahead of existing facts 'then disillusionment may well have results too - fearful to contemplate. The American psychology and its ability to rocket ahead oh the
stock exchange are the greatest obstacles to the success of the Roosevelt programme. 1 Pound Will Not be Deliberately Depreciated Received Wednesday, 10.30 p.m. LONDON, July 12. The Daily Telegraph’s City editor says banking circles interpret Mr Neville Chamberlain’s declaration to mean that the British - Treasury has decided that the pound will not be deliberately depreciated. In other words the Treasury is not contemplating currency warfare but is shaping a middle course toward helping the gold countries to hold the fort until President Roosevelt makes up his mind. It is certain the gold countries have been greatly assisted by such a declaration |of policy and. the franc on Tuesday was a trifle firmer. '
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Bibliographic details
Horowhenua Chronicle, 13 July 1933, Page 7
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215America Beware! Horowhenua Chronicle, 13 July 1933, Page 7
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