Detroit evening times. (Detroit, Mich) 1921-1958, 1944-08-08
By SAMUEL CROWTHER

The second article UW appear tomorrow.
BY SAMUEL CROWTHER
Author and Economist
Written expressly for newspapers
THE discrepancy between what actually hap
L ened at the recent international monetary
conference at Breton Woods and the administra-
tions statements of what happened was too wide
to be innocent error.
One is forced to conclude either that the re.
spOnsibe officers of the Roosevelt Administration
have in hand some secret world plan, which they
intend to put over at any cost or that they have
become hOpelessly muddled and are themselves
the victims of cabal.
The evidence points to the latter conclusion
and calls for some plain speaking
EOR taking the meeting as preview of things
l. to come it is obvious that while the United
States is expected to pay the piper Russia will
call the tunes
Uncle Sam was elected Uncle Sap by accla
mation-and beamed as he was so honored.
MISREPRESENTATION MARKED THE
INCEPTION AND EVERY ACTION OF THE
CONFERENCE.
Even the foreign delegates-some of whom
were quite broadmnded on the subject of diplo-.
matte double talk-were shocked. They had
expected more finesse.
The meeting was called on only months
notice as though to meet an emergency.
But the Presidents call specifically excluded
from the agenda any business other than the
signing of two documents that had already been
prepared
These provided for the setting up of what
was called sterilization fund and of what was
called a bank, both of which could come into
operation only considerable while after the war
ended.
The real emergency which will come with the
ending of the war was excluded from discussion.
THE real reason for the meeting had nothing
i to do with either the war or the peace.
Ii Dos put on to demonstrate the Presidents
mastery of foreign affairs and his general inds-
pensability for the benefit of the Democratic
national convention.
The Russians broke up that show and on
orders from the Kremlin kept the conference
hanging in the air until after the convention had
closed.
This gave rise to rumors that Pal Joey did not love
Comrade Frank any more.
1t was represented in the Presidents opening address
that the sterilization fund and the bank if subscribed to
exactly written would provide full employment for
one in the world and raise all standards of living
everlasting peace and well being.
That for American consumption and was bait
for free trade and world babbers.
1t followed the standard New Deal technique that
anything can be pulled of provided the preamble is
bombastic enough.
For then opponents can be smeared having evil
intentions if they oppose a which is announced
as being full of good intentions.
TINE discussion was channeed away from the premises
i on which the fund and the bank founded, and
it made to appear that the delegates of the principal
nations agreed and that the plans the key to new
and beautiful world and differed only slight details
The New Dealers pretended the conference was about
money knowing that the average American takes money
as profound and mysterious subject, which only the
gifted can understand
Under this cover they brought out complicated
device promote world imitation the notion that war
bonds be translated into peace booms if only proper
controls provided
This they called sterilization fund
Also they brought out, disguised bank. an
equally complex method for repanning and rebuilding
the world with printing press money.
This scheme gets doWn to a planned and controlled
orld state run the WPA principle Of the abundant
life through abundant debt, and Dith Washington as
the headquarters.
This is offering continuous inebry as cure for
drunkenness.
The immediate effect however. of the fund and the
bank together would be to drain off the resources OF the
United States as preliminary to the upt and the only
reason why the foreign delegates to book places
in the payof line
Stain broke that up by sending word that when the
line formed Russia would be at the head