THE MONEY PANIC.
LEGISLATIVE PROPOSALS, CONFIDENCE RETURNING. New York, November in. President Roosevelt, in a letter to Mr. Cortelyou, appeals to the people to let business take its natural course, which would not involve a particle of risk to the banks and trust companies. Crops, he says, are good, business conditions bound, and prosperity ahounding. lie urges the ceasing of the hoarding of money, and announces that the leaders of Congress are considering a Currency measure to permanently meet the needs of the situation. It is expected to pass early in the session which opens in a fortnight. London, November 1!). The .Standard says that Mr Cortlcvou's plan, backed by President Roosevelt's letter, had easer the New York market, and confidence was tnown.
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Taranaki Daily News, Volume L, Issue 61, 20 November 1907, Page 3
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123THE MONEY PANIC. Taranaki Daily News, Volume L, Issue 61, 20 November 1907, Page 3
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