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