Ever since greying Harvard Professor Oliver Mitchell Wentworth Sprague became Economic Adviser to the Bank of England (TIME, Jan. 27, 1930), he has kept his mouth shut. Hearstian suspicions that he might be Wall Street's go-between in maneuvers to scale down Europe's War debts to the U. S. have slowly died out. Last week Professor Sprague, now an accepted and respected figure in "The City" (London's financial district), created a stir by stating his conviction that Prosperity can be restored in industrial countries by creating a demand for a new product—such...
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