Foreign News: Miracle

With a mighty heave and roll as of giants turning over in their sleep, the leading bankers of the British Empire abruptly, jointly and publicly changed their minds last week. With the air of reporting a modern miracle the Financial News referred to "the bankers' complete volte face." Such a thing has not happened in a generation. It was as though President Hoover and Mr. Morgan should suddenly announce that they favored tearing down the U. S. tariff wall.

The British bankers, led by Midland Bank's famed Reginald M'Kenna,...

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