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Roumanian Peasant Party in Opposition to Bratianu Loan

July 30, 1928
See Original Daily Bulletin From This Date

Immediate dismissal of the Bratianu cabinet constitutes the only ground on which the National Peasant Party will co-operate in the stabilization program of this country, according to well authenticated reports of the conference yesterday between the Regency and Julio Maniu, leader of the party, states a despatch from Bucharest to the Associated Press.

It was learned that the Regency tried to dissuade M. Maniu from all action calculated to interfere with the process of placing the leu on a sound basis, but he only reiterated his demands for a new cabinet.

(The Roumanian leu has a nominal par of 19.3 cents. It closed in New York Friday, at slightly more than six-tenths of a cent.)

M. Maniu, whose followers staged several huge demonstrations favoring him as Prime Minister a few weeks ago, explained his position by saying:

“The Liberal Government does not represent the country and therefore has no right to bind its credit for a foreign loan with which to stabilize the leu. We National peasants are opposed to such a loan by the existing government and will use every possible means to prevent its indorsement by the special session of Parliament which met yesterday.”

He told the Associated Press that he informed the regency that “peace and tranquility cannot exist in Roumania until the Bratianu Government withdraws,” adding that he reminded his hearers that “this, in substance, is a confirmed regency.”

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