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New York Financiers Back Dollar Fix Amid Roosevelt Move
New York financial leaders signal support for legalizing the dollar at its depreciated 65 to 70 percent value and reducing its gold content, to move with Britain. They warn of temporary deflation but back reflation via public works and relief loans, while Roosevelt favors relationist plans. Earlier, merchants push for Nov 23 Thanksgiving to extend the Christmas season, opposing the single late date.
MENTIONED IN THIS ARTICLE
Leslie Eichel
Central Press
New York
Secretary of the Treasury
Woodmont
Roosevaltian
Financial New York
Great Britain
Financial
Roosevelt
National Retail Dry Goods Association