Salt Lake Telegram | 1932-02-09 | Page 1 | Ecuador Abandons Its Gold Standard

Ecuador Abandons Its Gold Standard GUAYAQUIL Y AQUIL Ecuador Feb 9 F Pj Ecuador abandoned the gold standard standard standard stand stand- ard toda today The Thc country has been having fi financial fi- fi difficulties for some time lime and last year Professor Edwin Kemmerer of Princeton university was called In to confer with bankers about the country's finances Last May the Bank of Ecuador was suspended pending investigation of its accounts Th The order orde precipitated a 1 run but all the depositors were wc-e paid Subsequently the superintendent dent of or the bank resigned and the treasury was requested to proceed with liquidation of the institution