U.S. MONEY TROUBLES.

Star (Christchurch), Volume LXVI, Issue 20329, 12 June 1934, Page 1

U.S. MONEY TROUBLES.

Unemployment Relief Must

be Planned.

NEW YORK, June G. The Mayor of New York (Mr La Guardia) to-day explained New York’s financial problems to a mass meeting of leading citizens called by him. Unemployment relief is no longer an emergency matter. It is an established condition,” he said.

41 Let us not deceive ourselves that it will be ended in a few months. New York has borrowed 70,000,000 dollars (about £14,000,000) from the National Government. That will be gone by August.

\\ e must plan sensibly for unemployment that is going to last.” Nobody had any quick solution. Babson’s Statistical Organisation, which is the No. 1 agency of its kind in the United States, announces that a survey, based on interviews with hundreds of key men in the 48 States, reveals that President Roosevelt’s personal popularity is still strong, but the 44 New Deal ” has slipped badly in public estimation during the last six months.

It is an outstanding fact that the public is becoming increasingly sceptical over the bewildering complexity of the 44 New Deal ” machinery, and everywhere voters are beginning to think of the eventual cost and inevitable taxes.

The farm communities are all discontented with the failures of the Agricultural Adjustment Administration.