PESSIMISM DEPRECATED.
MR NORMAN'S SPEEOH. CRITICISED BY MR BORAH. United Press Assn. — Elec. Tel. Copyright. NEW YORK, Oct. 25. The ohairman of the .Foreisn Relations Committee of the Senate, Mr W. E. Borah, at Nempa, Idaho, referred to the statement made recently by Mr Montagu Norman, governor of the Bank of' England, to the effect that economic difficulties were so vast he could not see through to the end, and that the causes were yet unknown. Mr Borah called upon ‘‘these able gentlemen who are so blue and so discouraged” to come to grips with the real problems of depression. He continued: “In the presence of the mistakes of the Versailles Treaty, of reparations and debts, of the demonetisation of silver in the Orient, and of political interference with trade and commerce, we seem to be paralysed with fear and doubt, whereas we ought to recognise our task and go to it.”
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Waikato Times, Volume 112, Issue 18777, 27 October 1932, Page 7
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152PESSIMISM DEPRECATED. Waikato Times, Volume 112, Issue 18777, 27 October 1932, Page 7
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