THE FINANCIAL DEPRESSION.
PRESIDENT ROOSEVELT MAKES AN APPEAL. HOARDED MONEY SHOULD BE LIBERATED. Received November 19, 11.40 p.m. NEW YORK, November 19. President Roosevelt, in a letter to Mr G. B. Cortleyou, Secretary of the Treasury, appeals to the people to let business take its natural course, which will not involve a particle of risk. The banks, trust companies, and crops are good, tho business conditions are sound, and prosperity is abounding. The President urges the ceasing of hoarding of money. He announces that the leaders of the Congress are considering' a currency measure to permanently meet the needs of the situation. This measure is expected to be passed early in the session, which will open in a fortnight. NEW YORK MARKET EASED. Received November 19, 11.40 p.m. LONDON, November 19. The Standard says that Mr Cortleyou's plan, backed by President Roosevelt's letter, has eased the New York market, and further confidence is shown.
CABLE NEWS.
United Press Association—By Electric Telegraph Copyright.
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Wairarapa Age, Volume XXX, Issue 8985, 20 November 1907, Page 5
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162THE FINANCIAL DEPRESSION. Wairarapa Age, Volume XXX, Issue 8985, 20 November 1907, Page 5
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