THE FALLING MARK
MONEYED MEN’S GREED. BY CABLE-PRESS ASSN.—COPYRIGHT Received 9.30 p.m., June 1. LONDON, June 1. Berlin reports state that the mark yesterday reached a new low record of 330,000 to the pound sterling and 70,000 to the dollar. The “Daily Telegraph’s” correspondent states that the fundamental cause of the catastrophe is the greed and lack of patriotism among the moneyed men in Germany, who refused to make sacrifices but actually exploited and aggravated the country’s misfortunes in order to fill their own pockets. They declined to subscribe to the dollar loan, and bought up for hoarding purposes foreign bills thrown on the market by the Reichsbank with the object of steadying the mark, thus starting a panic among all classes of the population.
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Bibliographic details
Timaru Herald, Volume XCVIII, Issue 18084, 2 June 1923, Page 8
Word Count
125THE FALLING MARK Timaru Herald, Volume XCVIII, Issue 18084, 2 June 1923, Page 8
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