The result ofall these investigations is summed up in one definite conclusion of tremendous significance for all concerned with the future of gold: "Though we should like to receive less gold and even to get rid of substantial amounts of gold we already have, there is, under the existing circumstances, no acceptable alternative to the policy we have been pursuing." So long as Mr. Morgen-then remains at the U.S. Treasury it is clear the possibility of any fundamental change in US. gels policy can be ruled cur of account completely. It is, of course, true that regimes change and we cannot be sure that Mr. Morgenthau -vill occupy his present office for more than eighteen months. If the Roosevelt Administration is displaced, however, ie new Administration, whether Republican or Democrat is almost certain to be more and not Less conservative in outlook. The country is without any doubt tired of economic experimentation, And if these orthodox and statesmanlike views are the final conclusions of one who has played a prominent part in the New Deal, it would seem that gold has little to fear from any future regime, German Control of
Text read from the printed page and cleaned; old type leaves the occasional error.