Salt Lake Telegram | 1933-12-15 | Page 1 | Wallace Gives View on Inflation Plan

WALLACE GIVES VIEW ON INFLATION PLAN Says Program Will Help but butIs butIs butIs Is Not a Cure All WASHINGTON Dec 15 A JP-A ff A reiterated reiterated re- re iterated warning that currency inflation in in- lation is not a cure all for farmers' farmers troubles roubles was issued by Secretary Wallace today in his annual report to o President Roosevelt Inflation would rais raise general price levels he said but would not eliminate nate the thc disparity between prices of agricultural and nonagricultural products which he termed essen essential nl to o permanent farm relief Of Ot the administrations administration's gold purchase pur chase plan he said aid It lt may not have any great effect for or some time on livestock and dairy prices Eventually however most of ot our raw material prices should rise Lse to the extent to which the gold in n the dollar is reduced d Wallace recommended regulation of grain crain exchanges and separation df 61 savings from commercial banks in order to strengthen country banks bank