AMERICAN FINANCE.
CHILI AFFECTED,
United Press Association—Copyright LONDON, November 20. Reuter’s Santiago correspondent reports a serious financial situation in Chili, owing to the ’ unprecedented fall in the rate of exchange. One bank has suspended and” three others have transferred themselves to the Bank of Chili.
NEW YORK, November 2Q. James Hill, railway magnate, speaking at Kansas City, admitted the justice of punishing any corporation offending against the law, but referring to President Roosevelt declared lie ought to stop denunciation of wholesale proscription, which was destroying all credit and justice, besides injuring every business in America. .
DISMISSED ALIEN LABORERS.
RETURNING TO EUROPE,
(Received Nov. 21, 9.64 n.m.) LONDON, Nov. 21. The Daily Mail reports that tremendous numbers of aliens, chiefly laborers, dismissed from American industries, are returning to Europe.
BANK OF FRANCE ,MAY ASSIST,
IF CONCESSIONS ARE GRANTED'
FRENCH GOODS.
PARIS, Nov. 21. It is persistently reported that the Bank of France is watching (Mr. Cartelvou’s measures for financial relief in America, and might cooperate with the financial institutions of Paris to extend Mr. Cortelyou assistance, if impelled by the French Government .in order to secure tariff concessions on French goods.
The Times says the money market believes there'is some basis for tlie report that some such arrangement has been diplomatically discussed.
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Bibliographic details
Gisborne Times, Volume XXV, Issue 2044, 22 November 1907, Page 2
Word Count
211AMERICAN FINANCE. Gisborne Times, Volume XXV, Issue 2044, 22 November 1907, Page 2
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