No Further American Devaluation
STATEMENT BY PRESIDENT Received Wednesday, 7.5 p.m. WASHINGTON, Oct. 6. President Roosevelt indicated in a Press interview to-day that, if he was re-elected, he would ask Congress to extend hi 3 legal powers to devaluate the currency, which normally expire on January 1, 1937. He stated that the primary purpose of American currency policy was to protect domestic values, for which reason emergency powers should be invested in tho Government to prevent the destruction of domestic values through the unexpected action of other nations. The inference is drawn from the reference to an emergency that Mr. Roosevelt i 3 not contemplating further devaluation under the existing conditions.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MT19361008.2.44
Bibliographic details
Manawatu Times, Volume 61, Issue 238, 8 October 1936, Page 7
Word Count
111No Further American Devaluation Manawatu Times, Volume 61, Issue 238, 8 October 1936, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in