PRESIDENT MEETS BANKERS
FINANCIAL REHABILITATION OF UNITED STATES “TREMENDOUS PLANS” UNDER CONSIDERATION By Telegraph—Press Aseociation—Oopyright (Rec. May 27, 9.35 p.m.) Now York. May 27. ?even leading Wall Street bankers have returned from Washington, where they had the first of a. series of conferences with President Harding. They are convinced that the Government desires above all things to get to business, and that the President, is anxious to be shown a. road to the financial rehabilitation of the country’s affairs. Cabinet, they say, is considering tremendous plans for reducing the United States debt and the Allied debt. Mr. J. P. Morgan headed the consultants. Other industrial and business magnates will be called to Washington for further conferences.
The New York bankers went into all phases of the foreign and domestic situations, and particularly emphasised the necessity for United States and European rehabilitation to provide an outlet for surplus American products. They also considered helping American agriculture through the aid of bank capital.—Aus.-N.Z. Cable Assn.
FUNDING OF ALLIED WAR DEBT
(Rec. May 27, 5.5 p.m.) Washington, May 26.
The Secretary of the Treasury (Mr. Mellon) has stated that the funding of tlie Allied debts to the United Staes will take place within the year.—Aus.N.Z. Cable Assn.
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Dominion, Volume 14, Issue 208, 28 May 1921, Page 7
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204PRESIDENT MEETS BANKERS Dominion, Volume 14, Issue 208, 28 May 1921, Page 7
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