THE PRESIDENCY: A Happy Idea

Gold, cotton, copper, wheat and grasshoppers were the chief contents of President Hoover's mind last week. With his approval the Federal Reserve Bank of New York joined the Bank of France in advancing the Bank of England credits of $243,000,000 to make up for the short-term loans Britain had agreed not to withdraw from Germany (see p. 16). He announced that the Department of Agriculture was working on relief measures for the 'hopper-infested West (see p. 12). And from U. S. Ambassador Frederic Moseley Sackett in Berlin came a suggestion involving cotton...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!