PRESIDENT OUTSPOKEN.
Received January 26. 1.50 p.m. WASHINGTON, Jan. 25. President Roosevelt has issued to the Press a significant statement designed to stop the wage cutting arising from the recession. He said that with wage reductions in industry the workers would carry the burden . of the business relapse, which was just as unfair as if the .bondholders were made to do so. He stressed the necessity for maintaining the purchasing power of the worker. , “Industrialists kill the goose which lays the golden egg when they keep up prices at the expense of employment and purchasing power, or cut wages and thereby reduce purchasing power. Either policy is suicidal, said the President
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Manawatu Standard, Volume LVIII, Issue 50, 27 January 1938, Page 2
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111PRESIDENT OUTSPOKEN. Manawatu Standard, Volume LVIII, Issue 50, 27 January 1938, Page 2
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