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European economic stabilization urged by labor conference
General Albert Thomas told delegates at the international fiber conference that 1024 marks the start of normal economic conditions, praising the Dawes report and League of Nations action. He noted dollar stability after Austrian crown, Polish mark, and Russian chervonets reforms and urged return to gold parity for several currencies as Europe moves toward broader stability. He contrasted improving US position with Europe and argued European output neared American levels, signaling a normalizing economy.
MENTIONED IN THIS ARTICLE
Associated Press
Albert Thomas
International Tabor Office
Dawes
League of Nations
Austra
Deraume
Mr. Thomas
Europe
Russia
Germany
Poland
Hungary
Warsaw
Petrograd
Berlin
M. Thomas
Sweden
Holland
Switzerland
Thomas
New World
America