Business: Hot Money (Cont'd)

In a press conference given just before sailing for South America, President Roosevelt expressed concern over what he called "hot money"—foreign capital temporarily seeking refuge in the U. S. during troubled times at home (TIME, Nov. 23).

What disturbed the President was what might happen if the tremendous sums of "hot money'' which have poured into the U. S. in the past two years were suddenly pulled out. The Government, said the President, was making studies of "hot money" with an eye to possible measures for control. Last week the Treasury published its first...

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