1920s >> 1927 >> no-276-august-1927

American Prosperity

The financial correspondent of the Daily Telegraph in New York writes on the present situation in America :—

  “Charity organisations are working overtime, hospital clinics are crowded, business failures are reported by the hundred every month, and without doubt there are more people here living on the ragged edge than ever before in the country’s history.”—(Daily Telegraph, July 2nd, 1927.)