UPWARD MOVE.
SIGNS OF DEPRESSION PASSING. STATEMENT BY r MR RAMSAY MACDONALD. Received January 2, 10.5 a.m. LONDON, Jan. 1. ■Mr Ramsay MacDonald, in an intervie'w in the Daily Herald, said that it had been a hard year, with never such a tragic demonstration ot the truth of the Socialist case that the machinery of capitalism was bound to break down. A few financiers in New Y’ork. London and Pans were pursuing their own ends, and by thenfortunes were able to destroy the fruits of good harvests and the productive accomplishments of _ human energy, with the result that prices fell. A sense of insecurity spread over the world and descended steadily in the darkest depression. Fortunately, there were signs that the country had reached bottom and an upward movement was beginning.
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Bibliographic details
Manawatu Standard, Volume LI, Issue 27, 2 January 1931, Page 2
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131UPWARD MOVE. Manawatu Standard, Volume LI, Issue 27, 2 January 1931, Page 2
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