Show Noted Film Comedian Presents Plan To Solve Worlds World's Monetary Problem By CHARLES CHAPLIN Noted Film Comedian Written for tor the United Press HOLLYWOOD June 27 27 All All na na- Lions ions arc overburdened with taxation and the problem of ot increasing employment em em- There Is plenty of supply and plenty of demand or need but buthe the he world Is without money Commerce has developed through the he expansion of credit while the expansion expansion ex ex- of currency has b been en re- re i to 10 gold Gold production Is La too small to keep up with the development of the worlds world's resources yet gold is the basis of all oIl value What gives it that value An In In- reco recognition of its purchasing purchasing purchasing pur pur- chasing power Therefore by International International Inter Inter- national agreement any other metal could be given the same basic value as gold The allied aWed committee on war repa- repa ions has agreed it will receive from Germany about in war reparations But Germany says she cannot pay paYe Very well wen then let the allies make capital of this part of ot the agreement and Issue the amount that Germany owes them in an international currency currency currency cur cur- rency and pay themselves each nation nation na na- na tion to be given her previously a agreed recd share This Tins would be a fiduciary currency guaranteed by the allies lilies to have the same par value as gold Each nation could deposit in a central bank a bond equal to the value of or her share of reparations Should any nation attempt to discount dis count this currency she would forfeit her bond With the first allotment of ot this currency cur CUP rency each nation would agree asree to purchase silver This slIver silver would replace the original guarantee bond which would v be retired immediately leaving the silver as a bond to function function fune- fune tion in its place This money could be called identification of leagues with the each allied nations nation's stamp upon it il Germany agreeing to pay the expense of launching this scheme and recognizing this currency at gold par value would then be released from her debt without any disadvantage e to the allied allied al al- al lied countries |