America Weighs Her Gold

America Weighs Her Gold

America Weighs Her Gold

America Weighs Her Gold

Excerpt

Balances of international payments, three-cornered trade, and foreign credits have long been relegated to none-too- popular places in unreadable treatises on the Dismal Science. From their dusty hiding places, few indeed have felt any inclination to drag them.

In spite of the stigma attached to such an undertaking, however, an attempt to pull them all out together, to clothe them in the most gorgeous costumes possible, to "slam" them, to praise them, and even to pump blood into their veins and air into their lungs, will be made. If everything and everybody having to do with them likewise receive full measure of both "slams" and praises, it is the writer's hope that the aggrieved ones will bear in mind the magnitude of his vitalizing problem.

The current international gold situation is perhaps the strangest the world has ever faced. Even to glimpse it, however, all the dismal subjects mentioned must be at least apprehended. If, of these, and therefore of the gold problem itself, any popularization whatever is accomplished, the discomforts of a busy vacation period in the torrid heat of a Washington summer will be amply repaid.

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