TITLE

HARD MONEY HITS BACK

AUTHOR(S)
Conn, Harry F.
PUB. DATE
May 1953
SOURCE
New Republic;5/25/53, Vol. 128 Issue 21, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the American business community's attitude toward the principle of a "tighter money" market. The business community has split on all directions over just such a policy. The division, precipitated by Secretary of the Treasury George Humphrey's 30-percent increase in interest rates on a $1 billion issue of government bonds on April 29, generally pits the big banks and lending institutions on one side and big and small industrialists, utility executives and businessmen on the other.
ACCESSION #
14494702

 

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