Illinois Valley News, Thursday, March 29, 1945
Washington Di9est>
World Monetary Plans
Seen as Boon to Trade
4
Funds Would Help Restore Production and
Stimulate Exchange of Goods in
Postwar Era, Treasury Says.
By BAUKHAGE
.Vfus Analyst and Commentator.
WNU Service. I'nion Trust Building
Washington, D. C.
I have just come from a luncheon
of creamed chicken and rice, green
salad and trimmings. The food was
not, however, the interesting part of
the affair. The "food for thought”
that went with it. was And so was
the setting We were served from a
large oval table in the conference
room of the United States treas
ury. The hosts were Secretary of
the Treasury Henry Morgenthau and
a squad of his fiscal experts.
The subject of the conversation
was the same one which was dis
cussed at many of the more than
200 conferences which took place
around that same table and which
led up to the Bretton Woous mone-
tary conference last July, Today
that same subject is before Con
gress in the form of pending legisla
tion which would author-e Ameri
can participation in an international
bank of reconstruction and develop
ment and an international monetary
fund.
Upon the passage of this legisla
tion and the creation of the bank
and fund, the master-minds on
money matters tell me, depends
the success of any world security
organization which may come out of
the Un.ted Nations meeting at San
Francisco
Aim
to Stop
Economic Warfare
>
*
The reason for that statement,
boiled down to its essence is this:
you can't stop international warfare
unless you stop economic war
fare.
Economic warfare in this sense
means international trade practices
not in the common good—spe
cifically some of the practices In
dulged in by nations competing for
foreign trade before and after the
grand smash of '29.
How is this warfare to be re
strained?
Quid pro quo, of course. In the
vicious fight for trade after the
war a large number of nations will
have three strikes on them to start.
They are ’.■.’recked, some physically
and a great many more financial
ly. politically, economically. Those
which will emerge less affected bv
the war scourge, like the United
States, will be equally affected if
they have nobody with money or
credit enough to buy their goods.
Therefore in exchange for an
agreement to abide by certain fair
practices as we might call them,
and contributions in cash or its
equivalent, under the Bretton Woods
agreement a nation would receive
membership in an international
bank which would guarantee pri
vate loans—make some direct—for
the purpose of reconstruction and
development so they can build fac
tories and do other things necessary
to create goods to sell and earn
money to buy. These loans would
be loans in which the risk is too
great for a private institution to
take, and which if they were made
and bonds offered to the public the
public wouldn't touch. But guaran
teed by the international bank over
a long term, private bankers would
lend the money and the public, with
the word of 44 nations behind the
bonds, would hardly be skittish.
The monetary fund would be
created for the purpose of stabiliz
ing exchange, and facilitating the
growth of international trade. The
members would agree to tie their
exchange* to, the gold standard and
not change it unless the governors
and directors of the fund ap
prove. This would stop, among other
things, what amounts to impos
ing hidden tariffs on foreign goods
by changing the rates of exchange
of a country's currency in terms of
other nation's currency. In their
mad efforts to export goods at any
price and get credits abroad, the
Germans had all sorts of different
kinds of marks that had one value
here and another there.
As to the administration of the
bank and fund, a very careful
system has been worked out regu
lating the amount of financial
responsibility each country would
have. The figure would be based on
the trade of a nation over a certain
past period with some other modi
fications. For instance, the United
States would assume roughly one-
third of the financial responsi
bility and have one-third of the votes
I
how the money or credit is to
be handled.
The Japanese government has
taken over all the airplane factories,
giving the Jap industrialists who
want peace another reminder that
there isn't much profit in war.
Sailor
- ------------- _ Togs for Brother-Sister
uscivi
\\ ear This for Sports or Street
Serve Novel Foods
To Tempt Palate
During Rationing
Lynn Chambers’
Point-Saving Menus.
•Spaghetti with Chicken Livers
Slivered Green Beans
and Carrots
Grapefruit-Orange Salad
French Bread
Butter
Cottage Pudding with
Chocolate Sauce
•Recipe given.
Relief for U. S.
Banker»’ Risks
the soup stock. Cook for 30-40 min
One of the chief arguments as to
utes over low heat.
the direct value of the program for
Now we have several recipes that
the United States is this: it is esti
fit not only into the "different” fla
mated that in the postwar pe
vored foods but also in the point-
riod. the United States bankers will
easy category:
have to do the bulk of the world
Egg Cakes in Tomato Sauce.
lending Estimated on the amount
(Serves 4)
we did after the last war. perhaps
' i cup cracker meal
as much as 90 per cent, Rather
2 tablespoons grated cheese
than have the lenders risk the loss
'» teaspoon salt
as they did last time, it would be bet
!i teaspoon pepper
ter to have the government and the
'x teaspoon baking powder
governments of the rest of the na- ’
4 well beaten eggs
tions bear two-thirds of the risk. |
1 tablespoon milk
This they would do under the inter
6 tablespoons lat or cooking oil
national bank. It is pointed out by I
Combine cracker meal, cheese,
treasury officials that not only will |
seasonings and baking powder. Add
Chicken
is
precious
but
a
little
most of the money be borrowed
to eggs, mix well
from private bankers in this coun- goes a long way when it's served and stir in milk.
Due to an unusually large demir.d and
(ij
current war conditions. slightly more tune
try for the next five or ten years with glassed mixed vegetables and i Heat fat
fa» ivv
xS
in frvinrt
frying
is required In filling order» for a few of
(since we have most of the money to ■ border of rice,
pan and drop in
the most popular pattern numbers.
loan) but most of it will likewise be
Send your order to:
tablespoons of egg
The
phrase,
"there's
something
spent here since we have most of the
mixture. Fry until the edges are
new
under
the
sun,
”
can
always
be
l-é yr».
things foreign countries need.
SEWING CIRCI.E PATTERN PEPT.
brown. Turn and brown on other
149 New Montgomery St.
There are two chief reasons why applied to cook
side. Add more fat as needed. Drop
Jaunty
Sailor
Suits.
San Francisco, Cali*.
such an international financial pro ing, muses many
cakes into simmering tomato sauce C'OR that pair of cherubs, gay
Enclose 25 cents in coins for each
gram will be to the disadvantage of a homemaker.
"
little
autfits
with
a
nautical
air.
and cook for 20 minutes.
pattern desired.
the private banker although by no There’s never a
Tomato Sauce.
Brother's outfit is just like a real
dull
moment
in
Pattern No
means all bankers oppose it. One
small cans tomato sauce
sailor's, and sister's swinging skirt
Name ....
is that the governments of nations foods, for count
small cans water
buttons on the pert middy blouse.
will control the world fiscal policy less new com
Address . .
teaspoons
salad
oil
The
dickey
and
collar
on
each
can
and
and not the leading private inter binations
'4
cup
sugar
be
white
or
monotone.
national bankers who had the con methods are con
•
•
•
A, teaspoon salt
trol before. The second is that in stantly being de
Pattern No. 1305 is designed for sizes
!»
teaspoon
pepper
the long run. as sponsors of the plan veloped.
1, 2, 3, 4. 5 and S years. Size 2, boy’s
1 teaspoon minced onion
Today's column is being devoted
suit, short sleeves, requires 2'< yards of
admit, it will lower interest rates.
Combine ingredients in order giv- 39-inch materia); girl’s dress, short
to those of you who want to accent
Those two reasons are not stressed
the "different” in recipes. Some en. Bring to boiling and simmer sleeves, 2’« yards; ’a yard to face collar
by the vocal opponents of the
and dickey in contrasting material;
are old recipes with just a touch over low heat 45 minutes, stir- yards braid to trim.
measure before members of con
of newness that spells an entirely ring occasionally.
gress Many other objections, some
For Play or Street
Of course, spaghetti dishes are
different flavor or appearance in the
highly technical, are set forth. The
nothing new to most of you, but A N IDEAL warm weather
finished food.
main suggestion in the report of a
semble — the sunbaek dress
Bearing rationing in mind, these when you combine it with the deli-
committee of the American Bankers
recipes will make it easy on those cious seasonings given in the follow- will help you acquire a nice tan.
association is that because of un
precious points. There's nothing ing recipe, the dish will rate For street wear, toss on the trim
settled political conditions through
tricky about making them, and they three cheers and a "hurrah.” The bolero edged in ric rac to match
out the world, any action ought to
are bound to whip up ration-worn tomatoes may be home-canned ones the dress. If you like, make the
be postponed until these conditions
appetites to new and interesting from last summer's produce, and dress in a bold flower print and
stabilize. They say that the nations
the livers may be calves' or lamb have the bolero in a plain Bar
heights.
should agree to certain changes in
monizing shade.
A few pieces of leftover meat if chicken is not available.
the program before it is presented
To saute the livers, fry them very
take on new interest when they are
to the congress.
No 8764 Is designed for sizes
dipped in a sauce and bread gently in hot fat with a bit of grated 12. Pattern
14. Iti. IH. io. 40 and 42
Size 14.
Some of the changes suggested are
crumbs, then fried. There's nothing or minced onion for seasoning. It dress, requires 3 yards of 39-inch ma
prompted by honest conviction,
will take only about two or three terial; bolero, 1 yard; 5 yards ric rac for
to smack of leftover taste in these:
some are due. according to treasury
minutes to brown and cook them. trimming.
Barbecued Meat Slices.
officials, to a misinterpretation of the
Sprinkle with salt and pepper before
program. There is a group in the Is cup oil
serving.
3
tablespoons
mustard
United States which says that the
Spaghetti with Chicken Livers.
United States will come out of the 3 tablespoons Worcestershire sauce
(Serves 61
little end of the horn under the ar- *2-1 teaspoon salt
Ths Grains Are Great Foods"
*2 pound spaghetti
rangement aryl that the British sold Cold meat, sliced
2
tablespoons
shortening
Bread
or
cracker
crumbs
us a bill of goods. There is a group
1 onion
Kellogg s Corn Flukrs bring you
in England which says that Brit Fat or drippings
2 cups canned tomatoes
nrm ly h II t hr protect ive fexxi cle
Combine oil. mustard, sauce and
ain will come out of the little end
ment« of the whole grtun declared
*4 teaspoon pepper
Uncooked smoked meats can be
essential to human nutrition.
of the horn and that the United salt with rotary beater, Dip meat
pound grated cheese
kept fresh and swet t in the re
States sold their representatives a into this mixture, then in bread
pound
fresh
mushrooms
frigerator for a long time if tney
crumbs and brown in hot fat. Serve
bill of goods.
1 pound chicken livers
are wrapped in a clean cloth which
That is one thing which, quite garnished with greens and cucum
1 teaspoon salt
was dipped in vinegar. Wring the
aside from the arguments pro a nd ber pickle.
Cook the spaghetti in boiling cloth well and wrap it around the
Dressed Spareribs
con on the various disputed parts of
salted water until tender. Drain and meat, wrapping again in waxed
(Serves 6)
the program, demonstrates that it
rinse in cold water. Heat the fat paper before storing in the refrig
must be pretty good.
, IK pounds spareribs
• • •
and brown the finely cut onion in it. erator.
*■ teaspoon salt
Add the spaghetti and cook gently,
Some weeks ago in this column I 2 cups mashed sweet potatoes
Add the tomatoes, cheese, salt and
When pails, garbage cans and
tried to explain "why Germany 1 cup cooked rice
pepper, Cook slowly until well other household containers begin
came back” after its defeats in ¡2 tablespoons butter or substitute
France.
Make a dressing by combining blended. Serve in a casserole or to rust out at the bottom you can
Just make a
May I be permitted to explain the spareribs. rice, salt and butter. platter garnished with whole mush extend their life.
why the Nazis couldn't come back
Brown the fleshy rooms and sauteed chicken livers. bottom liner of w< od or cardboard
for
to fit snugly. Calk against leak
for the second time?
side of the spare
age
with
ordinary
calking
paste.
Once again we have to consider,
ribs. Cover
—•—-
not the military organization of Ger
of spareribs
n¡(jhi ina J, •on!
A leftover scrap of linoleum
many alone, but the civilian or
dressing,
t hen
makes a good filler for the desk
ganization as well. Nazi discipline,
place other
blotter. It gives a good surface
because it was built on an entirely
on top of them.
oi. which to wnte and also wears
anti-human foundation, finally col
Add M cup water,
well.
lapsed. It was a discipline of <1) de cover well and bake in a moderate
prpprot Yes. we h.ive It! Gener
rtrrln.
, i,.»x includes
ceit, (2) force. Both were bound to oven for 1K-2 hours.
attr.irtlve gl si shaker us premium
l'ostp.ud gl.00.
fail in the end because it failed
To toughen glassware and lamp
Dinner-ln-a-I)ish.
to take into consideration one thing
chimneys, place them in cold wa
(Serves 6)
BOBBY PINS!
which the Nazis refuse to admit I pound veal shoulder
ter, add a little salt and boil for
a supply while they l.ist Ten cards,
exists—the human soul.
ten minutes. Then cool slowly.
postpaid SI.00.
*4 cup fat or drippings
Naziism with threats, brute force, 1 teaspoon Worcestershire sauce
UAID AJCTC I Silk or human hair
and an organization which could '■i cup celery
A teaspoon of castor oil or two
riHIK Ntlo:
ii..r 1 - «. i.li
ity; four nets, postpaid, >1 GO
carry out the threats and exercise 2 cups small onions
tablespoons of olive oil placed
the force, was effective up to a cer 2 cups broad noodles
about the roots of your ferns every
BABY PANTS!
tain point. Then it failed.
three months will promote the
1 cup diced carrots
mother'« prayer
50c quality; two
Its strength was in “bending the
growth.
pairs, postpaid, St.00
green pepper, dic ed
twig.” as I tried to point out in my 1 cup geen peas
A crisp head of lettuce nestles hi
Sen •I monrv or tier or < urrrru v . mill 10c
earlier analysis. Youth worshipped 2 cups soup stock
Don't have small rugs near the
this rosy tomato aspic ring to make
to chnkt for nthmiff
the false god of Naziism as long as
head or front of the stairs where
Cut veal into one inch cubes. a delightful spring salad.
Cl
NI
RAI
PRODUCTS
CO. • Albany. Ga.
its clay feet could be concealed.
people might slip on them.
brown in fat. When brown, add the
Youth knew no other god. But the Worcestershire sauce and soup
To top off our round-up of deli
moment the clay feet crumbled in
stock. Add the whole onions, carrots, ciously different recipes, there's a
the defeat of its armies (i.e force
pepper, celery and peas.
While salad which you will enjoy having
failed) youth deserted.
steaming, arrange noodles on top of when you want to perk up winter
Even the older people, despite the
vegetables, moistening them with weary appetites:
numbing fear of the espionage of the
Ring Around Rose Salad.
'
gauleiter, the fear of the concen
(Serves 6)
tration camp, fear of the firing
•/« cup cold water
Lynn
Says:
squad, began passive resistance.
2 cups canned tomatoes
The Volkssturm (the military unfit
1 tablespoon finely grated onion
Make It Good! When making
” r re glad that in »pile of war shortages
drafted by Himmler) refused to
H bay leaf, if desired
you ran anil get Smith Bro». Cough Drop*.
scalloped
tomatoes,
add
a
bit
of
fight, refused to assemble when or
H teaspoon salt
We II be gladder Kill when Victory let» us
celery and okra for added flavor.
dered. hid. Regulations were evaded.
!k teaspoon celery salt
make all eterykoWy need». Smith Bros.—
Sauerkraut
is
good
when
served
Taxes went unpaid.
Few grains cayenne or pepper
B1a<k or Menthol—Mill 54.
fried in bacon drippings. Add a
1 tablespoon gelatin
dusting of pepper before serving
1 tablespoon lemon juice
Green peppers stuffed? Ground
Mix tomatoes, bay leaf, salt, cel
HACK OR MtNTHOL—5<
ham extended with rice is a
ery. cayenne or pepper in saucepan
natural combination, Bake in to-
and boil for 10 minutes. Soak gela
mato sauce for color
tin in cold water 5 minutes, add to
In spite of the shortage of nurses,
Corn and bits of bacon are
hot mixture and stir until dissolved,
doctors, dentists, the health of the
FOR QUICK
good,
but
will
be
even
better
Add lemon juice and onion. Turn
nation, according to OWI. shows no
when bits of green pepper are
into a ring mold that has been
serious decline. Probably just a
added.
rinsed in cold water and chill. Wash
case of supply and demand.
Beets take to orange flavor
• •
lettuce thoroughly, remove core but
After heating add a bit of orange
do not separate leaves. When firm,
General De Gaulle says that
Muscular Achat and Pains • Stiff Joints • Bruises
juice and grated rind.
unmold tomato ring on chop plate.
France needs
12 million "fine
Broccoli is fit for the best when
Place head of lettuce in center of
babies” in the next 10 years He
served with bits of chestnuts
ring and serve with real mayon
may not get 12 million but they will
cooked, peeled and crumbled.
naise.
all be "fine”—ask their mothers.
BAR BS « ». fey
One reason why Stalin can't leave I
Russia to meet even the world's
bigwigs was revealed at the Yalta
conference—he makes all the mili-
tary decisions himseJ.
b
I on
SEtt'IXC, CIRCLE P4TTERXS
—•— -
S«</r
7/ jct /
?7/,c
— •—
— •—
SMITH BROS. COUGH DROPS
Baukhafie
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