THE PRESIDENCY: Moratorium

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How urgently President Hoover desires an early return of world prosperity was testified, next day, by his unwillingness to have the U. S. enter a world conference on reparations suspension. Speed, in his opinion, rather than diplomatic bickering was the desired psychological factor in the plan.

* U. S. gold supplies increased approximately $110,000,000 from June i to June 20.

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