IgoNEsDAY, APRIL 4, 1934, #
organthaw’s Two Billion
Biggest Washington Secret
tabilization Fund Given
Secretary Shrouded in
Mystery 4 Y
BY RODNEY DUTG‘HER
anr,,r.Herald Washington Cor
r respondent ; S
“-As]u,\'(,‘.T()N — We're a for
ful people, but it might be just
[ well to remember the two bil
n dollars we handed Secretary
L orgenthau to-use at his own dis
etion. R
cometimes, as your correspond
; lies awake of nights weorrying
bmfl it, that exchange stabiliza
p fund seems like the biggest
’ in the world. Anyway, it's the
-mist secret in Washington. .
'ighe money is sapposed to be
ed to keep the dollar down on
oreign exchange. But whats be
¢ done with “?‘ ¢
Nobody knows - e¥cept Morgen.
gy and one or two jethers whose
bentity remains undmdpmd; No
gy tells. :
"t some of (e’ ingiders, wel)
uipped | with ~ ingide.information,
an gUESS. It's somg?:;}gg* like
b had a large
Once upon a time we 1 &e:.
hport trade and financed it by
nding money to other countries
they could buy our goods. (It
emed like a good idea at the
me.) i
Many foreign, customers stopred.
uying when we stopped lending,
ut many kept buying. o
What did they use for money!
ey used foreign-owngd’ dollars
"American banks, with .the result
at whereas foreign countries had
hout three billions in ,bfin]f’ W‘
nees and shoré-term notes here at
e end of 1926, they now have less.
an 500 millions. & B
Well, that can't go omn forever.
oréign balances here dwindle and
alar depreciation boosts out
ommodity balance of trade, mik
¢ the problem of payment for
u goods more and MS ~diffi-
It :
Foreigners must get - American
ollars gm pay their debts . for
oods, They bid for dollars and
ha; raises the value of the dol
. abroad in terms of francs, lira,
pounds and soO op. e
There's, only one thing Morgen
au can do in a case like that.
he law directs him to keep that
ollar stabilized. So, almost auto
atically, 've toss- some of our
tabilization fund into the pot and
eep on dumping it. ‘The process
eems bound to go on unless we
beate something like an equal
balance of trade.
If the process hasn't begun, as
hose insiders are sure it bas, it
ill begin in the very near future
An Alcoholic Plot?
Everybody here keeps on talking
bout Dr. William Wirg and his
xpose of the brain trust. At least
bne nationally famous brain trust
br was worried when he heard
pout Wirt's claim tha¢, a truster
had told him of a Communigt plot
o upset the government,
He recalled at least one party
pf which, thanks to the refresh
pents, his memory of details was
pone to clear. He thought very
ikely he had amused himself by
felivering a Communist speech
ometimeg he's like that.
“What did I say that night?” he
ept asking his friends. . And it
ok a lot of reassurance to quiet
him.
Another Guessing Game'
Once upon a time there was a
ew Deal and one of the first,
ost important things it was going
0 do was assemble very aeccurate
platistics on unemployment.
The Hoover administration. had
0 often fumbled and : falsified
hose statistics that everyone
Thinking Rightly About Business
UCH thought fs given to
M the question of business.
For most people, supbly
ißems to be dependent upon the
8t of business, If it is zood:
Supply appears to be ud‘_guata.‘
td this condition is thought to
% an influence in helping the in
lividual to live happily and to
bave good health. Seeing, I‘3“'
that the state of one’s business is
believed to greatly contribute to
%¢'s sense of harmony, we should
¥ the necessity of looking at this
luestion from the right stand-
Point, e
Some individuals look at this
"bject more hopefully than do
Wome others, Many people are be
filning to see that to take the
&and that business is bad, a.n:§
at it is going to get worse,
tratnly the wrong way to think
mt it. Many have m_gg::d
€ the word “depression, * teel
g that the continugl uge of it
Ms 2 bad effect upon' the general
Outlook, |
Business 1s primarily-mental. In
faet, all human experience is the
%ut¥ard expression of a state of
Wnsclousness. Christian Selence
"eveals God, infinite gopd, as the
Sy Mind, 1f the individual aecepts
this fact, pe can learn how to re-
Ject a 1 Wwrong thoughts. THe ac
*htance of God, infinite good, as
% only Mind opens his thought
W receive the good and Nflx
Heaz which come from God,
Yine Ming, . .
The only real business is e
Mtivity which comes from God.
The ong Infinite, spiritual creation
I always expressing the perfeet
detivity Which comes from the cre
o, Wonderfully uplifting is the
Tealization of the truth set forth
In thig Statement by Mary Baker
Bddy: wyiing is the source of all
Yovement, gng there is no inertia
" etard ‘or eheek its perpetwal
g harmonioyg action” (Secience
A 2 Health wigy, Key to the Serip
:::e; p.ldzsa). For several i
orld has peep accepting the
Senerg) belief that something has
:ltertered Wwith harmonious activ
-17, and boty time and effort have
beey €Xpended in trying to ascer
it what 1 the trouble. One who
{Ol the fact that omniporent
Finest of Finest
asty
fE . Eg
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a 0 o 5
e Sy e
(& ; e \_"v\ . ':;v R
AT S e
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e o
N ORI
Z W g i g
G ST e Y
ESE o B A
o //’
A O S L
G AR %;t, i g«,,0
R N T
G R ‘? .
R B oo DA S
G T "///
o
e e
gt iy
If you want to know why New
Yorkers call their police force
*the finest”, look upon the smil
ing features of Bernard H. Jepp
son (above). He is shown after a
committee of four women artists
had selected him as the handsom
" est cop in the city.
agreet; a cleanup ,was in order.
Miss Perkins was-going to do it.
Harry Hopkins prpmised the
FERA. would do it whether she did
or not, More recently there was
!a. plan to have the CWA workers
}cond;uct an unemploymént census,’
| Well, the American :Federation
lof Labor's -estimates remain the
best and the most commonly ac
cepted — and no one knows how
7necuralte they fare. (They place
jthé unemployed at more than 11,-
{ 000,000.)
l The A. F. of L. uses the Bureau
{of Labor Statistcs index figureg on
jemploymeng for industry and trade
I——with the! cengus figures of 1930
lfor comparison, the Department of
'Agricultui-e's basic figureg for
ifarm employment; the ICC's fig
'ures on railroad men and a cer
ltain degree of guesswork, (BLS
figures are merely examples.)
One of these days someone in
the government will again suggest
accurate unemployment sgtatistics.
Seems Funny, Anyway
| Maybe it's funny and maybe it's
’not. considering the way outo
mobile magazines condemn the A.
F. of L. and vice versa— ;
But the American Federationist;
| official A. F. of L. magazine, in its
Ijatest issue, carries full page ad
vertisementg for General Motors
(Chevrolet, Pontie, Buick, La-
Salle, Cadillac), Dodge, Oldsmo
bile and Plymouth, /
(Copyright, 1934, NEA Service,
00>
: T et gt
Portable traffic towers, mounted
lon rollers, were tested in England
jas a means of solving traffic prob
!lems in areas congested only dur
’i'ing certain portions of the- day
| e
] Thousands of dollars’ warth of
igold went up in smoke at the U.
S. gold refinery every wvear, until
recently. Rooms of nearby build
ings were found t\o be covered with
.a layer of gold dust when swept.
l Tomatoes were California'.s larg
jest vegetable crop -in 1932; they
"had a markgt value of $53,247,000.
‘Mind “is the sovrece of all move
‘ment"” can never believe in depres
sion as real. Having gained the
true idea of activity, one can re
fuse to accept the belief that any
mortal supposition has inter
fered, or ever can interfere, with
harmonious activity.
A business man might be told
by several of his salesmen that
they found sales very poor, and he
‘might learn that someone in a
similar line of business had failed.
He might let anxiety and fear en
ter his thought. This, of course,
\would not be helpful. On the oth
er hand, if he refused to accept
‘wrong thoughts about business
and held to the fact that real ac
tivity comes from divine Mind,
and is always perfect, his affairs
would improve; and ?. this extent
he would hbelp to fmprove con
ditions in general. 5
Since sharmonious activity comes
from Geod, divine Mind, and the
real man, the true selfhood of all,
is the image and likeness of di
vine Mind, the real man’s business
is always good, and spiritual man
is ever rejoicing in harmonious.
activity. The g?at ‘Way-shower,
Christ Jesus, recOgnized that spir
itual man ever reflects God, for
he said, ““The Son can do nothing
of himself, but what he seeth the
Father do: for what things soever
he doeth, these also doeth the Son
likewise.” One who accepts the
true idea of actirity is able to rise
aboye the beliefs of fatigue, mo
notony, and worry: for the reali
zation of the fact that man. re
flects divine Mind gives joyous
strength, freedom, and expectancy
of good.
Since business is in reality the
activity which comes from God,
divice Principle, fear, dishonesty,
greed, selfishness, and lack of
ability are no part of real busi
ness. ‘This Xknowledge ;:nables
one to refuse to accept these falsi
ties as having power to operate in
his thought and affairs; and he
sees instead honesty, efficiency,
freedom, love, and joy. The reali
gation of the truth t?ngs"one's
‘human business into 6 harmony
with God’s law, and destroys what
ever is unlike good.—The Chris
tian Science Momitor. _ . |
: : : 3 ; 4
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