Assistant Secretary of State, Henry F. Grady's testimony to the House's Ways and Means Commission on gold imports and the Executive making trade agreements

Article discusses Assistant Secretary of State, Henry F. Grady's testimony to the House of Representative's Ways and Means Commission on the high level of gold imports in payment of the balance of exports over imports and on the constitutionality of teh Executive making trade agreements without consulting the Congress. It discusses the dangers, such as high inflation, to the US of holding 60% of the world's gold in its reserves.