AMERICAN CURRENCY
ANGRY DEBATE IN SENATE. PROPOSALS OF MR. HOOVER. By Telegraph—Press Assn.—Copyright. Washington, Feb. 21. Mr. Hoover’s proposal to resume the gold standard started an angry debate in the Senate. Senator Connally declared that the United States in effect was still on the gold standard, when Senator Glass shouted: “We are on a flat currency basis and under the Supreme Court decision we are on a flat bond basis.” 7 Senator Glass added: “I wonder what foreign debtors will think of our sincerity in reproaching them for repudiating their indebtedness to us when the Congress has repudiated the most sacred indebtedness that any nation on eath ever incurred. That was when it fought the world war.”
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Taranaki Daily News, 25 February 1935, Page 5
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117AMERICAN CURRENCY Taranaki Daily News, 25 February 1935, Page 5
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