The people's voice. [volume] (Helena, Mont.) 1939-1969, 1944-06-30

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elementary schooling and thereby cor
this money which represents servic
rendered by the people of the Unite'
States and have invested 1t all owe
the world, creating one of the great
est monopoles in this line of endeavo
that exists in the world today. Othe
Examples are General Motors ant
Henry Ford, building immense indus
trial plants in Germany, Canada anC
Iother countries. The Mexican people
appropriated many oil lands in Mexico
and the people of the United States
should not be called on to protect
these foreign investments.
In my humble opinion, there are two
businesses that will be outstanding
in the postwar period one is gold
mining and the other the production
of crude oil and many people who
have made scads of money out of the
manufacture of war materials such as
gun mounts, ships and planes, are now
looking forward to acquiring mining
and oil properties and some are spend
ing their money like drunken sailors
attempting to get foothold as this
money would otherwise go to Uncle
Sam in the form of taxes if II was not
spent in some other way.
The most vital thing in the postwar
period should be the establishment of
an international currency where the
peoples of the world could do business
with each other on some economic
basis. From time immemorial gold
has been an element indestructible,
pleasing to the eye, coveted by human
beings and therefore can be used as
measurement of wealth, because we
must have measuring stick if we ex.
pect to do business in any eapitalistic
system, and gold is the only element
in the world that will fulfill this re-
quirement. First, an international
bank should be established-not with
eight billion dollars capital, but at
least twenty-five billion 1t might be
well to establish a world industrial
price for gold of $500 an ounce to
encourage production and give an ade-
quate supply for future expansion of
the worlds business. Each govern
ment could buy the gold produced by
for industrial purposes or for coinage.
Then we could have an economic
value for gold of $4,000 an ounce and
issue currency against $4,000 gold.
Take this gold hoard out of the ground
in Kentucky and put a given portion
moneys were backed up with an ade-
quate gold reserve, or bimetalism
could be considered land on this basis
there would be pleRty) it would force
into the purchasing power
OF all foreign exchange and at the
same time it would reduce the United
States government obligations for this
war to one-third of the now estimated
cost of three hundred billion dollars
and it would affect all peoples in the
United States and the world alike. We
must have economic contact with our
neighbors if the world wishes to re-
main at peace and there must be some
on monopolistic and cartel
practices that have been going on in
the past.
Congress should give these matters
serious consideration and while every
nan and corporation is entitled to
air profit ON service rendered, this
'ort of manipulation is beyond all
eason.
Congress should also look back af-
er twenty or thirty million white
:ollar workers and unorganized
'roups, including Independent bust
less men, who lack pressure with the
Administration and cannot obtain re-
ief and who are the only people suf-
ering during these war times outside
# the boys who are on the fighting
ront.
Respectfully yours,