THE FINANCIAL CRISIS.

Rangitikei Advocate and Manawatu Argus, Volume XXII, Issue 9007, 21 November 1907, Page 2

THE FINANCIAL CRISIS.

ROOSEVELT CRITICISED. Press Association —Copyright. Received Nov. 21, 8.21 a.m. New York, November 20, James Hill, a railsyay magnate, speaking at Kansas City, admitted the justice of punishing any corporation offending against the law. but referring to President Roosevelt declared that he ought to stop his denunciations aud wholesale proscriptions, which wore destroying all credit and justice, besides injuring every business in America. Now York, November 20. The tone in New York is hopeful rather than confident regarding the effects of Roosevelt’s appeal. CHILI AFFECTED. London, November 20. Reuter’s Santiago correspondent reports that a serious financial situation lias arisen in Chili, owing to the unprecedented fall in the rate of exchange. One bank has suspended payment and three others have transferred themselves to the Bank of Chili.