Henri Deterding urged the Netherlands to reduce the gold content of the gulden, “in order to help trade.” Other Dutch industrialists voted abhorrence of Sir Henri’s “inflationist proposal.”

Stuffy Dutch burghers, members of the Netherlands Society for Industry and Commerce, opened at their meeting in Rotterdam last week a letter as explosive as two sticks of dynamite. Signed by Holland’s world potent petrol tycoon, Sir Henri Deterding, it urged the Netherlands to reduce the gold content of the…