UNITED STATES
A PROFESSOR’S VIEWS
ATTITUDE TOWARD DEBTS
(Australian Press Association.)
ADELAIDE, April 19
Professor E. 11. Oliphant, ‘who 'has returned from a lecturing tour in the United States, describes that- country’s attitude concerning debts as stupid and illogical. It has cornered the gold supply, thus making goods the only form of international payment possible. Then, in 'effect, it said “You must pay us every cent, hut by our high tariff we ‘will cripple you so you cannot.’’ Americans apparently thought they could have it both ways, an illusion from which they are now awakening. Professor Oliphant declared that, although there was strong opposition t-o debt cancellation or a modification, the United States Government would eventually he forced to adopt it through sheer pressure of economic circumstances.
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Hokitika Guardian, 19 April 1932, Page 5
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127UNITED STATES Hokitika Guardian, 19 April 1932, Page 5
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