Coulee City dispatch. [volume] (Coulee City, Wash.) 19??-19??, 1937-07-15
ACKNOWLEDGEMENTS
WHO'S NEWS
| THIS WEEK..
By lemueI F. Parton
ACKNOWLEDGEMENTS
Doctor of Gold.

NJ EW YORk.-When Secretary
~ Morgenthau calls in a money
doctor, he sends for DR.. Jacob Viner
of Chicago, currently summoned to
Washington to diagnose gold trou-
bles. Gold, the experts tell me,
keeps getting out of bounds, one
way or another. Burying few bill
lions of it in Kentucky doesn't seem
to help and there's no knowing how
long Uncle Sam can go on borrowing
money to buy and impound it. Off
stage, financiers and governments
are worried about gold, and it is
understood that our Treasury de-
partment is shaping policy. Hence
DR.. Viner's presence in Washing
ton.
DR.. Viner, of the faculty of the
University of Chicago, was chief ad-
wiser to the Treasury in 1884, loaned
by the university, and returned to
Chicago with the understanding that
he would be standing by if they
needed him badly. Oddly enough,
this trusted consultant in our vast
experiment in managed economy
belongs to the back-to-nature school
Of finance. He has vigorously OPP
posed artificial wage and price slim
ulants as aids to imitation and at
the depth of depression, when the
cry everywhere was for higher
wages, he was for lower monetary
wages-also prices-but for higher
real wages.
He says all this parallel jockey
ing of prices and wages comes to
nothing, and possibly something
worse; the real wage, determined
by its purchasing power, is the
only important consideration, and,
that, DR.. Viner believes, rises only
with the free and normal flow of
credits and goods around the world,
with low tariffs or no tariffs at all
this being his pet idea. He is def
initely placed as liberal, but he
doesn't think we will get anywhere
by strong-arming economic laws.
He is Canadian born, forty-ive
years old, naturalized in 1914. He
was graduated at McGill university,
took his doctorate at Harvard, and
has been teaching, lecturing and
writing since-at one time adviser
to the shipping board and expert
for the tariff commission. His emf
nence is in the field of scholarship.
He is the author of some profound
and, to this department, quite in
comprehensive monographs on
money and credit. He is visiting
professor at the Graduate Institute
of International Studies at Geneva,
and has a towering reputation in
Europe.
Communist Bogey Man.
UDGY, bristling little Bella Kun,
who once seized and ruled Hun
gary, may or may not have been
executed in Russia. Reports are
meagre and conflicting. A few
weeks ago, a wayfarer back from
Europe told me Kun was suspected
of working with the Trotskyites. But
that was just rumor and there is
no explanation of what has hap
pened-if anything did.
In the main ports of entry in South
America and Europe, they turn in
a riot call and burglar alarm ev-
cry time it is whispered that the
squat, swarthy and mysterious Bella
Kun is in the offing.
For some reason, international po-
lice have put him down as the chief
spreader of the communistic virus,
although he has figured in no main
events since Admiral Horthy chased
him out of the pink and white Ro-
coco palace at Budapest.
Born in Kolozsva, Pennsylvania,
he acquired a law degree at the
University of Vienna. He fought
in the Hungarian army, was taken
prisoner by the Russians, converted
to Communism and joined the Red
army. He easily topped over the
mild Karolyi and for a brief period
ran Hungary. Europe has been
steadily pegging him from one coun-
try to another in lot of fast triple
plays-Portugal to Spain to Brazil
it was last summer.
Military Politician.
n UICK to act at the first sign Of
~ Russian weakness, the Ger
mans renew their drive to break the
Franco-Russian pact and to further
their planned coalition of European
powers against Russia. General
Ludwig Beck, German chief of staff,