Paris, Nov. 16.
M.. Georges Bonnet, French Finance Minister, announced yesterday that France would shortly repay the loan of £40,000,000 granted by a group of British bankers to French railways last February.—Havas.
Farmers, the President declared, were harvesting the largest cotton crop in history, corn and potato farmers were harvesting crops that threatened to crush them, while producers of other crops were wondering how soon they, too, would be victims of a surplus uncontrolled.
The country, President Roosevelt stated, realized the need of immediate Congressional action if we were to maintain wage, income and purchasing power against the recessive factors in ihe general and industrial situation.
Tt was high time for the adoption of legislation relating to inter-state commerce, with the objects, firstly, of banishing child labour and protecting "workers against sweating and, sec-endly, of ending the unsound practice in some communities which sought new industries by offering labour more plentifully and more cheaply than existed in competing communities.
The President issued a warning against the idea that Governmental reorganization was a method of making major savings.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.