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World at a Glance Inflation and currency debate
New York financial comments warn devaluations risk deflation and slower prices across the United States. Greenbacks are criticized. wealth distribution and monetary policy are debated. Treasury moves to retire national bank notes are hailed as simplifying currency and reducing banking power. Public reports on war loan retirements signal monetary stability, while first quarter 1935 earnings mostly lag 1934, with rail and government-spending tied profits. Rural shipments rise in the Rio Grande Valley. Lincoln kettle shown in Pueblo. Cambridge seeks missing watch owner.
MENTIONED IN THIS ARTICLE
New York
New York Times
Treasury
Federal Reserve
Roosevelt
Wall Street