UNITED STATES FINANCE.
ADJUSTING THE POSITION. By Telegraph.—Press Assn.—Copyright. Received May 27, 9.35 p.m. New York, May 27. Seven of the leading Wall Street hankers have returned from Washington, where they had the first of a series of conferences with President Harding. They are convinced the Government desires above all things to get out of financial business, and the President is anxious to be shown a road to the financial rehabilitation of the country’s affairs. Cabinet is considering tremendous plans for reducing the United States debt and the Allied debt. Mr. J. P. Morgan headed the consultants, and other industrial and business magnates will be called to Washington for further conferences. The New York bankers went into all the phases of the foreign and domestic situations, and particularly emphasised the necessity for United States and European rehabilitation to provide an outlet for surplus American products. They also considered helping American agriculture through the aid of bank cap-ital.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 28 May 1921, Page 5
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159UNITED STATES FINANCE. Taranaki Daily News, 28 May 1921, Page 5
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