GOLD IN THE DOLLAR
By Telegraph—Press Assn.—Copyright.
j PROPOSAL FOK SUDING SCALE. OPPOSITION FROM PRESIDENT.
Washington, Aug. 3. Fresident Roosevelt sent a letter to Senator Thomas objecting to the latter's proposal to create a slidiug scale of values by altering the dollar's theoretical gold content. Tlie Presldent issued a warning that ifc would be dangerous to attempt an adjustment to any rigid pattern and declared that the stabilisation of the dollar must come from a balanced and orderly recovery by way of uational economy. He called the tripartite monetary agreement between America, France and Britain, a step towards external stabilisation of the dollar. ,
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Bibliographic details
Taranaki Daily News, 5 August 1937, Page 7
Word Count
103GOLD IN THE DOLLAR Taranaki Daily News, 5 August 1937, Page 7
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