davidaulloa/AmericanStories huggingface dataset:
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-12-21

eBe bei gesp0bnliNcn 2enten ben ge-
un0en Menibenneritan6 nIs 8e-
bingunY l1no- als Nornal5uftano
boralls.
r5iebt man bon oen Mbbnnolnn,
gen 81. 6. griib1s, Or. sos. DIS
urro BEN bor5ugIiden Mrtibelr1 iiber
bas SDitem beg SoItharismas mad
p. @einrih BeihtS. S. CID, unb
Weittelbelib ntto Mittelitnno (XX)
nb, 10 nerben aud MIR getuobnlib
anfmerfintne 8eitungsIeier feine
groBeren Sdhpierigteiten beim 2e-
fen nes Central : glnttes ole bel
Der 2eftiire ibres 2eib- ober 9ieb-
~Iirgsblotes finoen.
uWas sic ertpabnte Nnfiabe an
gebt, 10 baben oft getpobr1lib ge-
idnlte Mrbeiter mebr Beriritdnonis
fir lolde Mbban1lnngen nls mar1-
der emporgefommer1e @eidaffts-
mann ODER reihe SarmbeIiber nnb
Ieioer nl11 marbe unierer Bereins-
Nun fortnen aber .ge,
tp0bnlide Mrbeiter ben Gurus niht
oas MIR gbre 1tno' Nnslagen bringt,
aber fir geleiitete Mrbeit feline @nt-
daoigung bietet. Sier liegt Elm
GROCER munber 8nnft unieres Ser
|einglebens n1o gang beionoers BEG
Central 8ereins. sc 1T ia getpib
mar, spas Ser 59afob" iber Die
berrli6e &l1nogebnne lbei Der
|staats= gerimmlu1rg bon Winneiota
ia 11no Sen gemadten 6ortidritten
|iogt, uno id gebe audi 5n, bob De-
fegaten un6 8eamte, 6ie ouf lire
eigene raoiten 51t elmer @eriamm<
lung fommen, oas regite Snterelle
mitbringen, nno i'd Damn nn1d oem
entipre9enb nno nit ale11 &'raften
beteiligen. Nber es iino geraoe UNI
1ere iungen 2eute u11o sic getpobnli=
den Mrbeiter, melden 6iele Sumo
pebungen our 56ule miir6en, Denn
lie 1id ooran beteiligea f0nnten, uas
ibnen aber aus finan5iellen @rii1=
Sen uno pegen ibrer a%hbGngigen Ga
ge nidt m0glib ut"
Ser @erfaiier ipridt Damn bon
ser &nnu1erigfett Ser Deutiden nnb
irrer Meig1ng, gu fritiliren anltatt
mitsuarbeiten nnb Spfer gu bringen.
Mndy I'M 6. &c." beiBt es Damn,
tpeiter in ieiner 3uihriH, uoenfen
6ie 8eniglten oarart, tuel6e finan5i<
euen 9pfer Tie ibren 8ean1ten anf-
-Iaoen refp. bon beniei6en ertparten.
ST.. Delfers iagte mir einnnal I'M
8ertrnlten, Bob es ibm mebrere
taulenb Collar fo1te int Sabr, ole
|@ef6dfte, &eiien 1tno &orefponoen-
gen gu beforgen, 6ie 6as Mmt BEG
8raioenten nit fid bringe. Die
|Opfer, meIde 11nfere 8earnten brin=
gen mniiiIen, unb gebraW baben,
Inn sen g. s. nna Sic 5faats Ser
bGGnoe nno gin5el : Gereine 5u bent
gu maiden, tpas Tie itnb, i'll Elm eige>
neg &npitaI, bod GROCER 8er0ien1te
|uber oud groBe 8%erfenna1rlg Ser
8eranttport11rg anf ser nn6eren Set
Mdint1ern geget1iber. @egen elm
boar Gents @opfiteler, itreitet man
|iib oft ber1tm 11r1 bergiBt 6ariiber
tptdtigere Snben, ODER tut bieielben
I'M &nnonmfebren ab. SIT es mi6t
3. 9. cine 5don6e, Rob Der Son6s
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-12-21

mem 8iidielibltB dbnlider &nan,
lro @nmpfmaiiet un6 ur1onrA.
briralide Giniterni8 biilten 1lts
ELI.
vSimmel,," REF ib ber5peiflungs-
bon aus, nbas Maiierltan0glas lit
geiprungenf Siiher iblteBe1r STE
.hie Mbiperrbdbne. Ser auSblaien.
sDe @ampf unb oog banit %perbl111oe-
nc 8erdnib iibert0nte11 mei11e Stim
me nlein Slider mar uno blieb trob
rrei11es nod loutelen Suites ber-
i9apun0en u1rb ib muBte nun ielbit
Sic Sdbne iblteBen, uenr i6 SIN
M,,stritt bes Dampfes ans Dem &ei-
iel ite1,ern moQte. @liben6mciber
8alierSampf %perbrantlte mir bic
@1noe, ols ib nag Sen @riffen Der
SGbne fuiien pollte, 3ogerno 5og i6I
suriid, ermannte miG aber mieher,
taitete nno fiiblte nod einmal..
l!@n0li6 bate ib ben a.rtteren @rtff
gepadt nnb motlte i'm nit ettem
@,td 3l1riif6reben. ct ipottete aber
auer men1er Mnitrcngalngen l1n=
oufborltb entltromten Die 9dmpsse
brauien0 uno 5tfdenb Dem &eilel
fonbeniterten lih unb 01trdnaB-
tel, nleine &leionng big anf b:e
@aut. &oib elite i6 an 0en @erff-.
5eugsfalten, ta!tete i'm Da1nfelt:
9tslm urb fano einolib einen
tM!utterfdliiiiel. Nod einmol uag-
te id nni6 in 6as hrauien6e Dampf-
nleer binein, grifT unb fiiblte eno-
lid sic fleine S~0raubenmutter, bie.
Sen mi6ertpiaigen Sabnfegel 10 I'M
aebiibrlid f~eitgebalten batten; Elm
Druf, 11n0 tie NOR geloit. SSn1 Mr-
genblidli6 tpar III a1l Der anoeren
Seite griff trot ser groBen S6mer=
sen in oe1t &an0en un6 i'm @eitdt
nod bem @ebel, faro rn6 fbloB i'm,
11l11, Oem mtsltr0men0en 9umpf
ben Beg periperreno. Mrfatmem
lun0 erfreut iiber Sen leg, ben i'd DEM
entfeiielten 9anpf %nbgerungen bot
te, matpote i6 mild Damn mieSer
Ser @eobndtung Der Strefe at.
Dns 3eitn1ab mar mir bollitd16ig
berloren gegangen, Min11ten m1lB-
ten pie Sefun6en berfliibtef iein,
benz pl0blib bemerfte ih grimes
:2idt, mir befanoen uns oidt Dor
sem 8obnbof Stu6er. v6tiher
Inn SmelsmiGen fnkbeln STE
Die @remie an" fdrie i6 i'm an,
ser beim &laben oes @aierltan6=
glaies in sic al1Berite gfe bes
Ee1uoers gefliidtet tpar, mir fob
rem ionit br1rh Sen @abnbof."
Mit nerbiger Gouit erfaBte er
sic grenslpin6el unb 6rebte bie-
feIbe an, 6nB bon Ben &dbert Die
GGuuffen hod emporfpribten, gleih5ei
tig gob ih 6as Rotitgnd nit Der
9ampfpfeife, bod lnonfborlfh
route ser 311g tpeiter, fal1m 6aB
fi6 sic raien6e @eidhpinoigfeh
m1erfbor berringerte. 5hon mnren
mir meit iiber 6as 5ignal bi1ta1s,
]battet1 Den Mnfatg oes Berrons
erreift, iebt tartdte 6as Stntions=
gebGnbe out ol1dp bie}es NOR pal
.liert, ltt16 nod INNER gelangte. Der
3fl1g nidt 5um 5tMitat6. ST.
ibutte ben San6itenernpparat atf~
geriiien, 11r1r a11f ben i@lIpfrfgen
Der Nordstern. [volume] (St. Cloud, Minn.) 1874-1931, 1922-12-21

fir Sic sideritellung ser Central.
stele iolden Sdpgrigfeite1 Be.
gegnet 1n0 70 langfam n1dit.
aNnoere 8erbdnoe beneioen ,ins
nm ben groBen goriprung, Sen mir
ourb oie g. ct. iiber fe erIangt
BADEN unb fe beniiben fidk Die Gin
ridtung nad5uabmen. @enn iie sic
sdulung, ole gffhbrung 1rno bie
ginridfung unierer geamten bdtten
oam 1piir6en fie uns BALD iiberflii.
geln; 10 aber fam porberbnno Der
bebdbige oeutide Widcl nod iagen:
sd bab's madt mfrs nad!" 9as
@eidrei aber m1dre nod flein, tpenn
nm gn6e es ben nnoern M. 6. W.
g. gelingen iollte, i'm at iibertref,
fen.
u8ir fnrdten l1ng ni9, prabl.
tie man oranBen Dor Dem Meltfrie-
;ge nn6 nod mdbre1b oesielben. Bir
mir boben's ia! H.. {. N. Die Brable.
rel fat nber mr. bie Sein0e De11tib.
lambs bermebrt, uno jeoenfuas mdb-
mare es ME at einem iolden 33ul,
1amme1lbr1bM geHomenl petn1 man
nit 1einen Mittem: 5oloaten, Gin-
rid)tungen, Gednif urb Gels, Be.
idei6ener unlgegangen mare 1lno
es getpnroigt bGtte, lGB cine gan5ea
:@elt bon 1einoen 5u be fampfen Jet.
Das aelbab nidt! uro iett Ser
ssammer! DaB @ott erbarm! SD
,fiirdte iebr, onB AUDI nnlere oent-
'hcn. 8ereins :uirltcr nod 5n iebr
oie 3eihen Ser Belt nn6 11nIere Seq
1er nlrfennen.
,Nropaganpa maiden, lit aas
edlagnort Ser Maiierten g'n,le !,
Hropaaa110a mahen, feline Seer cit
Sen Mum bringen, %anttldr,r, aber-
,sI;,}tli unh g,pinnen mu5 neblt Ser
gdntiu,g nn0 Organijis-;t,a ullle-
rer eigenen 2eute Die 2oiung iein Ml.
leg 6as belorgt Die Central -Stel,
Re bes 6. g. a1no ib meme, es foll.
te ooh menigitens ie6er 8ereins,
man lid cine gbre ooraa1S maden
ieine eigene Gad}e gu for6ern I'M
lid ielbIt 5u niiben, feline 8edte at
Derteioigen lernen nn6 iib Dor
|gdaoen 51 betpabren. 8enn es bon
mir aQein abbinge, nann lieBe id
niernan6 sic @bre, fonoern pnroe
aflein sic 6, ct. funoieren. 90 i'd
oas nidt tim farn, bobe ib menig-
items mei1en 8eitrag IN metnem
8erein entridtet, nnb Sag ioate lie,
Ser fntbolii6e Mann Tim, es miiBte
6enn iein, Bob er iid in Scot befi1t,
Set! "
80 ser refflide 0rod1sprieiter
eel1en Muf our Bflihterfiillnne all,
gemein beberaigt mer0en iolte.
Wuibinaton, Is. Mop. 8unocs-
antpdlten lieaen 5ur5eit 500 Safe, in
oenen Sic Soft gu betriigerilden 33tpe<
den miBbrol1dt tpnrbe, 5l1r @inl1dt<
nabme Dor. 3as Snlti5oepartement
modte nun in 8aibington befannt,
0aB man in alien 6d1en, in 6enen Die
ginleitl1ng elmer Notwithstanding
ange5eigt erideine, Oas Ser1abren
no6 M0gli1feit 5n bei6leunigen GEE
6enfe. SSene 500 8etriigereien brof=
ten Ser Seffentlidfeit einen Sdooen
bon mebr ols $140,00O,O00.
The daily banner. (Cambridge, Md.) 1897-2008, 1922-12-28
WILSON is 66
Former President About Ready +

Former President About Ready to
Resume Leadership OF Democracy.
Washington, Dec. 2S.-Woodrow
Wilson, more vigorous than at any
time since his sudden physical col.
lapse, is GO years years old today.
His birthday finds the wartime
president making rapid strides on the
road to recovery. He is reclaimine
the health which was his before the
rigors of war duties all but physically
wrecked him. He is about ready to
grasp in firm hands the reins of de.
mocratic leadership temporarily IN.
loosed by Illness.
Throughout his prolonged indispo.
sition, Mr.. Wilson has remained a
power in the Democratic party. His
leadership was felt in the past cleo.
tons. He injected it In many local.
ties. Wilson plans, intimate friends
disclose, to plunge into the national
political maeistrom.
The daily banner. (Cambridge, Md.) 1897-2008, 1922-12-28
Bedtime Stories
RilIy Rear's Narrow Escape
BY Carlyle Dexter

AS long as Mama Bear would not
let Billy go out skating he decided to
try his new sled There was a fine
hill for coasting near his home so as
soon as he had swallowed his break
fast he put on his nice heavy coat
took his sled and out he went. He
again found Johnny Bear and Jimmy
Coon.
Starting at the top Of the hill Bill
Iy cOasted all of the way to the bot
tom and on to Cross street, which
was about five hundred feet from the
hill.
1t would seem to US that this was
a very bad place to coast due to the
fact that this was one OF the most
important traffic streets in the town
Billy saw Freddy Rabbit Zone of the
Rabbit Twins) and showed him his
new sled.
II say lets have race" suggest
cd Freddy.
"All right. We will get Johnny
and Jimmy to pus nus off,
The two boys were delighted to be
of use in the race and so cheeruflly
took their places behind the con-
testants waiting for Tom Squirrel to
call time ready" AS soon as Tom
shouted each boy received a good
shove.
Amid many spectators the race
started. For the first quarter OF the
journey Billy was ahead, then Fred
dy began to get closer until they were
even, then Freddy shot ahead; but
the race was not over. On the last
lap Billy again took the lead and 1t
continued so until the bottom of the
hill was reached
Billy's troubles were not yet over
however. Instead of stopping when
he had won the race he kept on and
went on toward Cross street. From
the North a team was approaching
and from the South an automobile
Blly's sled was right in between
them. By quickly. twisting the
guiders Of the sled Billy was saved
from being hit but was thrown into a
ditchful of water. He had to stop
coasting and go home to put on dry
clothes and his mother made him
stay in the house 1or the rest of the
day.
The daily banner. (Cambridge, Md.) 1897-2008, 1922-12-28

Deny That kurds Are Same Peoples,
and Point Out 7sbeIlions Of the
Part
The daily banner. (Cambridge, Md.) 1897-2008, 1922-12-28
Needn't Pay Wife's Defense.

Detroit, Dec 29.-Ney J. Ford, farm
er of Dearborn, a suburb, will moi
have to finance, his wife's defense
against his charge she sought to have
him killed, Circuit Judge Harry Din
geman ruled in denying a motion BY
counsel for Mrs. May B. Ford, the
husband be required to advance $1,000
for that purpose. Mrs. Ford recently
was held for trial on a charge Of at
tempted homicide, after a detective
lieutenant testified she sought to en-
gage him to kill her husband.
The daily banner. (Cambridge, Md.) 1897-2008, 1922-12-28
STOCKHOLDERS MEETING

The annual meeting of the stock
holders of the Peoples Loan, Savings
and Deposit Bank, of Cambridge, Nd.
will be held at the banking house
at Cambridge. Md, on Tuesday, JAN
uary 9th, 1928, between the hours
Of / and 2 P. NJ, for the purpose OF
electing fifteen directors to serve for
the ensuing year and for the trans
action of such other business as may
legally come before the meeting.
W. H. SPEDDEN, Cashier
12I28-eod-R 12l29-eod.
A man smokes to quiet his nerves
"a woman powders he rnose.
The daily banner. (Cambridge, Md.) 1897-2008, 1922-12-28
Mrs. Hall Going to Italy.

New Brunswick, n. J., Dec. 2S-
Sally Peters, companion to Mrs. Fren-
ces Stevens Hall, widow of the MUIR
dered Rev. Edward W. Hall, said Mrs.
Hall had completed arrangements for
a protracted European tour, and would
sail for Italy in about two weeks.
The daily banner. (Cambridge, Md.) 1897-2008, 1922-12-28
convicts at Funeral Unquarded,

Wilmington, Del, Dec. 29.-After
acting as pail bearers for the late
Warden Mordecai S. Plummer, in
Marlboro, Nd, six prisoners returned
10 the New Castle county workhouse
unguarded.
New-York tribune., 1922-01-29
Continued from page six

two and three quarters for the United
States. Since that time deHation has
produced q fall OF wholesale prices Of
% pcr cent, as in England and the
United States. The depression OF trade
N France has been nearly as grea, as
:, that IN England and the United
states. Unemployment has been less
because labor is scarce owing to deaths
in the war and 10 army drafts.
Nc may say that, ln general. .hc de
psSssion of trade aud unemployment
great or small according as the fall
Of prices IS rapid or slow
In view Of this tremendous truth
France cannot afford TO bring the franc
back 10 the old value. To do so would
mean not only further fall OF prices.
very rapid or very long drawn out.
and so further trade depression and un-
employment. but il would also mean
multiplying The na.ioral internal debt.
already heavy 240 billion paper francs,
row worth 10 billion gola dollars,
or $500 per capita) by two and a
all. That IS. Ii would add nearly 60
billion dollars 10 the French national
debt, which is about twice the whole
German indemnity. as fixed by the Lon
CON agreement Not oNl: tnat, but IT
would hang milestone on the neck OF
every French business man heavier
.nan in any previous period of human
history.
The appreciation OF the franc to par.
spread over, say. ten years, would
amount 70 some 10 per cent per annun,
the burden Of which would be equiva-
lent TO adding that 10 per cent to the
rate OF interest which the business y
nsn pays for his loans. was there
sore astonshed to hear u high otiicia.
N the Bank of France solemnly assure
ne that he expected the old franc to be
restored within at the longest, ten
Years.
Such restoration would be madness,
unless the way was made easy through
dcpreciating gold itself. "Synthetic
gold" might do it. It * an III wind
hat blows nobody good French
ccouon official said 10 me that he
r.Ad noticed in the papers my refer
Ance to the alleged information which
i had that a German chemist had dis
covered way 10 manufacture gold in
the laboratory, and added: THAT IL
lus'rated very we'll Voug point that all
money standards. even gold, arc no'v
uncertain. but assume that YOU did
uot mean TO eXnrcss any assurance
that the discovery viii prove effective.
To this | replied: "You are entirely
rght, but do regard j, as serious
possibility
We'll" he said. do you realize what
country would suffer most If gold were
ever manufactured commercial ly
"What country do you think .?
New-York tribune., 1922-01-29
France Faces Big Task
Re-establisI.ing Finances

employment. That is, German paper,
or the sovereign.
In France. as in England. very few
people take the trouble 10 understand
the monetary situation. Few know
that gold is at "A premium; st:!. fewer
that there has been any imitation. A
we'll educated innkceper at Chateau
Thierry gave all sorts of little reasons,
chiefly local, for high prices, except
the big one. and when I myself men
toned imitation said "Oh. yes! re-
member now that | lad heard Of that
as one of the causes" though inha-
tion was too slight and too illusory to
make strong IMPRESSION. SO far as
foreign exchange IS thought Of at all,
prices in France. not an effect.
In short. most of The French people,
like most people everywhere. are "cco-
nomic illiterates' and are suffering the
consequences. They will need more
guidance and education by men like
Parmcntier. of the Ministry Of Finance,
Who has very clear view Of the situa-
ton, and with whom I had the good
fortune TO have two conferences.
What VIC economists call in the
classroom, the "moncy fallacy" and
What we call the "make-work fallacy''
are threatening to deprive France of
any benefit from the German indemnity
when it IS paid. The average French
man clamors for payment in money but
clamors against German Competition
in goods or labor When Germany
offers to rebuild III the devastated
area with German labor, French labor
protests. thinking their interests would
be injured Likewise. when Germany
offers to pay in goods, the French pro-
J ducer of such goods offers objections
The result is apt to be confusion of
( national interests with special in
New-York tribune., 1922-01-29
Hold Cold Here

"America' You in America hold tn.
argest amount of gold on which TO
lose and you would he tied to the gold
standard while it WAS sinking. As for
France. while We might lose Some Of
nc value of the reparation payment.
VIC might be helped on to the lowered
cold standard without having to go
through the agony Of further deHatlor.
Instead Of France debating her paper.
America would be Initiating hor gold.
Gold miynt be accommodating enough
20 Sirh TO tho level Of our present
pa0cr standard and top there
have rs yet Nttle to add to my Lon
Ion statement on the rumors Of syn
fhetic gold A newspaper report from
Gcrmarv purports to confirm the ru-
mor. When IN GcrMauy fortn' ght
f'om now | hone 10 learn more. EX-
cept for some such cNtraordmary event,
0Dleh would hc calamitpGs for gold
.onGard countries. I do not think
France VIII ever ayain see her present
.srcr franc now worth : cents. re
stored 20 par with tho old gold franc
20 cents or two and Malt times
- much.
Tho price level OF France is three
and third times a- high as tho pre-
var price level. a against America :
onc and q half times. that Ia, ,n'
French love, rose since 19la two and .
quarter times a mach as did the Amer
iosn level. which is close TO tho two ane
- half times By which the French ox
change on America has altered. The
name like the soverci ign. mark, liza
crown. ruble. otc.. has gone down il
America chiefly because 1t has gone
down al home
Although France is }al Of the o.igi
nal gold standard. shc holds her gol,
sight The peasants have their i,ti'
hosrds Of unknown amount and th'
BANK Of France has it's big hoard O
1900 900 GOO frsncs. or >ll00 100000.
IiRc England France does not 0
course. redeem hcl paper money. But
ur'iAo England. She acsnoV'c cages tn
frct. suspension Of rold redemption
nc-ug .noz--caL y an.nnrL-oa hv law
New-York tribune., 1922-01-29
Lower Tax
Rate Now
On Profits
Continued from page six

house and sppurtenances furnished a
minister Of the gospel;
l3) Receipts of shipowners' mutual
protection and indemnity associations
not organized for profit:
o1l Amounts not in excess Of $500
received as dividends OF interest from
domestic building or loan association
operated exclusively for the purpose
of making loans to members
'3) Income of resident aliens
and foreign corporations consisting
exclusively Of earnings derived from
tho operation Of ships. documented un-
der tie laws Of a foreign country.
granting reciprocal provisions to citi-
zenS OF tho United States:
'sl Interest on bank deposits Of non
rcsldant aliens and foreign corpora
tlors not having An Office or place OF
business IN tho United States;
- The amount Of tsx paid BIZ A
debtor corporation on behalf of the
owners of its "taN free" covenant
borjs
New-York tribune., 1922-01-29
4dds No Real " ealth

Money from the outside, when spent
for goods inside country, adds no
real wealth to that country. gold
indemnity to be spent in France would
merely be so many brass checks, as it
were, on Frances own goods The
only way for France to add to her
possessions is TO spend the gold abroad
for goods to be imported. and this will
offend French producers. AS NJ. Par
mentior expressed it: "A billion from
Germany in locomotives is reel. So is
billion in chemicals or any other
concrete goods. But just "a billion in
the abstract, is nothing at all, is moth
ing at all And any unfair competi-
ton with French producers or any un-
due dislocation Of the Allies interests
can be avoided BY having the payment
made in purchasing power in Germany.
In short. the sensible way to receive
the reparstions is in German labor in
the devastated area and in specified
German goods.
Germany is quick 70 take advantage
Of the confusion Of popular thinking
and is sedulously spreading the idea
that the indemnity payment will ruin
the Allies trade. This fallacious idea
many cannot pay, explains the growing
Willingness to reduce Germany's debt.
1t is one Of the curiosities of economic
history that when France talks in
terms of money she insists that Ger
many must pay. but when she talks in
terms Of real goods and services she
asks for ''protection" against such pay
ments. But slowly the lessons in ele-
mentary economies are being learned
that moro money without more goods
is futility, and also that making work
for French labor at Frances expense
Is a futilty.
May these lessons cost France less
than Il has already cost Russia to learn
the economic falscies Of Karl Marx,
lCop.rlsAt lo.g. United Feature Slnlioat.l
New-York tribune., 1922-01-29
Ore Practical II az.

1 There Is. so FAR as can sec. barllng
great fall an gold itself. only one
vnvacticsl waN ir winch France can get
back the gold standard namely. by re
dnc'ne the weight OF her gold franc.
There sro several other way conceiv-
able. however. orc OF which would he
to buy in All papet francs a, their mar
ket value. substituting new redeem
ah'c franc FOR. say. two and half old
ones. lust as Russia, % IT Is reported
has recently arlaugod 20 give new
paper rublc fer 10000 Of the existing
rubles. in order to retire the latter
and so cross Of iour troublesome ci-
pliers. RN such a method and a law pro-
VdinG for payment OF old debts OH the
basis 6f the old francs, tho old franc
could be restored without producing
tho bsnkruntcv Of the French govern
mcrt and OF tho French business world
oI debtors.
But either OF the two courses men
TONED and any other really practicable
course would require am explicit &C
kno~lodgment Of permanent rcpudia
tion. and vet pride and pre- iudice
forbid any such acknowledged As
T. IS. the billion dollars Of gold in the
vaults % tho Bank OF Franco are as
useless as though they We're in Davy
lcrcss locker. Il is a reserve in name
only. fer It docs not function as re-
servo. The hank can no; or will not
pers VIII any of II. nor can it add TO
Il without buying at q premium and so
entering loss on is books.
Tho bus'nesslise Way OF utilizing
tris dead asset would evidently bc to
buy goods oi pay debts abroad with
it, It would cnatio her to ray about
4 thlrd OF hcr debt 10 England or 10
he United States SIC could buy it
back later when France has made her
husl decision as To Nhs; her future
'rorey unit should bc. Such course
would at ieast srve the interest in the
mean time. and TIC mean time may be
generation. In other words. it
would be equivalent 20 r loan w,tho
.stcrest
Bat the.e j. apparently 40 more
sNslcc Of such utilization Of this idle
eold tAan -herc is Of nc nitod States
-t4.lsInc It's Idle s;oel. OF silver. And
no. probably for years. perhaps for a
eentury. this Imprisoned gold WIZ await
release.