PROSPEROUS AMERICA
TIDE OF GOOD FORTUNE. THE PRESIDENT’S OPTIMISM. (United Press Association.) (By Electric Telegraph—Copyright.) WASHINGTON. June 11. (Received June 11, at 5.5 p.m.) President Coolidge, addressing the heads of the Government bureaux, predicted that the United States would continue to be prosperous during 1929. He said: “We have been favoured with a long-continued era of prosperity. Year after year the tide of good fortune has steadily risen, and it seems not yet to have leached its flood. Prosperity is only an instrument to be used, not a deity to be worshipped. It is my firm belief that for the most part the people of the United States are making a proper use of their prosperity.’’ He pointed out that in 1921 there were 5,700,000 unemployed in the United States, whereas the number at present was only about 1,800,000. He also emphasised that in the last seven years the public debt had been reduced by over 6,327,000,000d01, which meant a total of 950,000,000 in interest saved to the tax-payers.—Aus-tralian Press Association.
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Otago Daily Times, Issue 20432, 12 June 1928, Page 9
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171PROSPEROUS AMERICA Otago Daily Times, Issue 20432, 12 June 1928, Page 9
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