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2) Chancellor Snowden asserted and maintained that the people who saw him point at Mr. Baldwin when he declared that "posterity will curse" saw wrong. His gesture, he said, was "a sweeping one," and, without saying so, he distinctly implied that posterity will curse not only Mr. Baldwin who made the debt settlement but more especially Mr. Lloyd George who originally hired and spent the money.
The Lancashire Cotton Spinners' and Manufacturers' Association, which recently locked out 300,000 workers (TIME, Jan. 19), resumed operations last week, giving as one reason "we have been impressed by the very grave warning about the condition of industry and finance in this country given by Philip Snowden."