TRAGIC BOOKKEEPING
(Press. Assn.
AMERICAN AWAKENING
— By Telegraph— Corvrtght).
Rec. Dec. 2, 7.0 p.m. Washington, December 1. Probably as profound an impression as has ever been made by a State document, has been made upon the American people by the British note. Couched in simple language and without complications of thought. the note contains remarkably stirring headlines which are displayed throughout the nation. "Like the shells whereon they were largely spent, these loans were blown to pieces. They have produced nothing to repay them. In all directions there are signs of paralysis of trade and threats of banruptcy and financial eollapse." These sentences from the note are items in the tragic bookkeeping which the American people hitherto have never wholly envisaged. Mr. Herbert Hoover indie/ated immediately that it is a faithful exiposition of the effect of the war debt burden' upon the world and a true prophecy of what will ' follow Congr.essional obduracy.
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Rotorua Morning Post, Volume 2, Issue 396, 3 December 1932, Page 5
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153TRAGIC BOOKKEEPING Rotorua Morning Post, Volume 2, Issue 396, 3 December 1932, Page 5
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