Hyder Weekly Herald

A Wise Move
Now that President Roosevelt has had the courage to abandon the gold standard, we may confidently expect a change for the better in economic conditions throughout the land. Also our foreign trade, concerning which so much worrying has been done, to the exclusion of more important matters, will undoubtedly show a marked improvement during the next few months. Our money will be on closer parity with that of nations which are our greatest and most aggressive trade competitors. In other words we will be better able to meet competition by not having to demand higher prices than our competitors do in exchange for goods. The "high" gold dollar has unquestionably been the most important factor in the loss of our foreign trade. Britain did not lose by abandoning the gold standard. Neither will we. Roosevelt has made a wise move, for it gives us an opportunity to meet our trade competitors on an equal or near-equal footing. And our dollar will still be a dollar at home just the same as it was before Roosevelt had the courage and daring to release us from the bondage of the international bankers and other money sharks.