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19
This is important, for we have
made great strides in restoring
world confidence in the dollar,
halting the outflow of gold and
improving our balance of payments.
During the last two months, our
gold stocks actually increased
by $17 million, compared to a
loss of $635 million during the
last two months of 1960. We must
maintain this progress -- and
this will require the cooperation
and self-restraint of everyone.
As recovery progresses, there will
be temptations to seek unjustified
price and wage increases. These
we cannot afford.
Document source description
This file contains materials collected by the office of President John F. Kennedy's secretary, Evelyn Lincoln, concerning President Kennedy's urgent message to Congress. In his address the President argues for increased defense spending and support for the nation's space program. Materials in this folder include a draft, press copies and a reading copy of the speech.
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Document data
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"ocrText": "share be\ns\nIteis\nseams 7 timither\n19\nThis is important, for we have\nmade great strides in restoring\nworld confidence in the dollar,\nhalting the outflow of gold and\nimproving our balance of payments.\nDuring the last two months, our\ngold stocks actually increased\nby $17 million, compared to a\nloss of $635 million during the\nlast two months of 1960. We must\nmaintain this progress -- and\nthis will require the cooperation\nand self-restraint of everyone.\nAs recovery progresses, there will\nbe temptations to seek unjustified\nprice and wage increases. These\nwe cannot afford."
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