STABILISING THE DOLLAR.
MR ROOSEVELT’S THEORIES. WASHINGTON, Aug. 3. President Roosevelt has sent a letter to Senator Thomas objecting to the latter’s proposal to create a sliding scale of values by altering the dollar’s theoretical gold content. The President issued a warning that it would be dangerous to atenrpt an adjustment to any rigid pattern and declared that stabilisation of the dollar must come from balanced, orderly recovery by way of national ecdnortiy. He called the tripartite monetary agreement a step towards the external stabilisation of the dollar.
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Manawatu Standard, Volume LVII, Issue 210, 5 August 1937, Page 9
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88STABILISING THE DOLLAR. Manawatu Standard, Volume LVII, Issue 210, 5 August 1937, Page 9
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