AMERICAN PROSPERITY

Taranaki Daily News, 18 July 1933, Page 5

AMERICAN PROSPERITY

PRESIDENT’S POLICY. PRIMARY OBJECTIVE. Washington, July 7. Whatever Europe may think of President Roosevelt, isolated though he is in his comer he seems to be very pleased indeed wkh the plum he has found for himself. He regards the apparent failure of the Economic Conference—which the world regards as due entirely to his rejection of currency stabilisation—as something to be regretted, but not mourned. Six weeks ago the President would have mourned such a happening exceedingly; to-day it is to him just a failure to achieve a meeting of minds. Mr. Roosevelt will not let the conference situation interfere with his bending every energy to the carrying out of his newly-rounded plan for managed prosperity for America. Emphatically,' Mr. Roosevelt does not share the view of the European gold bloc nations that nothing can be done to relieve international economics without stabilisation of moneys, and very lightly does he regard the loud cries, particularly of France, that it was his refusal to enter into the stabilisation agreement that brought about the present situation. Mr. Roosevelt is prepared to begin negotiations to-morrow with separate nations, to secure trade agreements by which, without tariff restrictions, the United States can exchange some of its surplus crops for the goods of other n White House denies that the New York Federal Reserve Bank would be permitted to enter a pool with the central banks of other nations for the P ro^ of the American dollar against bear ra Mr.‘ Bernard Baruch appears now to be Mr. Roosevelt’s right-hand man, and Mr Cordell Hull, when he returns from London, will either resign or wifi become an important factor in the ministration. One of exhibits in «. wLman collection, which will be the Newm. Wanganui Museum put on at tne or war trumpet, toe?ol its Min exist?”e a “he JV d‘ F teMth, and ’“X 1 call could “ J. « » authoritatively .Wat the sound carries for two stated _ that th Maoris first nfkeha guns in the early heard the P , sound of them at “nother tribe. S’ uukX " Kd by lhe M “ riS f° forces prior to an attack.