The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1945-10-24
Observations
International
Monetary Fund
Puzzles Columnist
u. IIE,T L,Nr ECGARN
BY HELEN ESsARY

There is so much can't under
stand abou. money - especially
what becomes OF II and how much
II is actually worth before It starts
running away.
At the moment my childish I'm
ancial brain is struggling TO com.
preherd why 1t is necessary TO let
Great Britain have $4,000, 900, 600.
John Il. Williams, vice president
OF the New York Federal Reserve
Bank and Harvard University pro-
fessor OF economics. says We simp-
ly have to let Great Britain have
this huge sum of money in order TO
stabilize Great Britain's economy"
Economic expert Williams said he
had heard proposals for alloting
Great Britain S5,000,000,000 or
$1,000, 100000. He thought $1,000
100000 would be enough although
Great Britain's spokesman have
mentioned the sum OF 81 ,000, 900 900.
Senator Robert Taft (R) OF Ohio,
who has been advocating grants
10 needy nations, agrees with VIII
liams that the Breton Woods plan
for world sterilization is foredoom-
ed TO failure so long as Britain's
economy remains unstable.
This international monetary
fund" as the bankers call It, may
be magnificent finance. But 1t
sounds weird TO me. In the first
place where do all these millions
and billions OF dollars that we scat
ter to the winds come from? From
your pocket and mine eventually.
Where else?
II we are taxed to the teeth what
will happen TO our economic stabil-
iZation? Personally. my economic
sterilization is none too good. II
is definitely uneasy in spots. Per-
haps your own economic stabiliza-
ton Is not as stalwart as II might
be. What happens to you and me
II we weaken our personal econ
omic structure?" VIII any foreign
er keep up with grants?
This country needs to spend bill
lions on its hospitals. on medical
and scientific research before II
covers the overdrafts OF other ma
lions. Be as internationally altru-
istic as you like to think you are.
you must admit that we fail. as
civilized human beings when we
skip our national responsibility in
hnancing-for example-cancer re-
search.
/ mention cancer research be-
cause one out Of every eight per-
sons dies a long agonizing death
from this fearsome disease. Hun
dreds @; others channels for Amerl-
can money enthusiasm will come to
your own mind.
Economists say the United
States is so rich II can afford to
hand out billions abroad as care
lessly as II the billions were lose
change. Why not use some Of this
loose change, this financial chicken
feed to cure a few of the evils that
afflict our own people? Just give
me one good reason to the con-
trary.
PROBABLY THE PLEASANT.
EST EUROPEAN country to be IN
now. my travelling reporters say,
Is Denmark. The Danes have got
themselves Strengthened out emo
tionally and financially. Business
is thriving. The citizenry is good
tempered and Industrious. There
seems to be hope for future decen-
CT In Denmark.
Italy, too, is doing well. Sur
prisingly well. People are work
ing. Life is not too hard. There Is
little complaining and much putting
of stout shoulders to the wheels of Z
THE ONCE MAGNIFICENT |
EUROPA is a grievous sight now.
Those who have seen the former
pride of the German feet say they
felt homesick for the big ships
pre-war splendor when she was tied |
up beside a New York dock.
The Europa came into port bear
Ing 5000 troops. Her beautifully |
paneled walls. her swimming pools
and lounges were gone. They simp-
ly were not present. They had
been torn out OF necessity in order
to make room for returning SOL
diers.
Before she starts back across
the ocean. the Europa will be again
reconditioned. She must transport,
on her next journey to the United |
States, not 5000 but 10000 menl
Imagine planning to carry 10000
human beings on one vessel To
lodge and feed a population larger
than the population OF many towns.
What problems of food and water |
supply must be considered!