Wants Cancellation
AMERICAN ON WAR DEBT.
NEW YORK, July 29. Dr. Nicholas Murray Butler, the eminent publicist and president of Colunbia University, has returned from Europe prepared to sponsor a eountry-widc campaign in favour of the cancellation of war debts. “Under the present system we take in a few shillings in interest while throwing millions of pounds out of the window,” ho said. “It is lovely, but it means ruin.” Dr. Butler said that the American tariff was working against the interests of trade. “Wo lent Czccho-Slovakia money at 8 per cent, to start rebuilding the nation,” he said. “It is a cattle country, with lots of hides, so they started shoo manufacturing. They spent a million pounds in one year installing American shoe-making machinery. Then America’s new tariff’ placed a duty against them of 20 per cent., when shoes carried. no duty before. Nobody can do business that way.”
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Bibliographic details
Manawatu Times, Volume LIV, Issue 6624, 10 August 1931, Page 7
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150Wants Cancellation Manawatu Times, Volume LIV, Issue 6624, 10 August 1931, Page 7
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