Show uS u.S. TO CONTINUE BUYING OF GOLDi GOLD r WASHINGTON Nov 16 UP UP- UP Criticized at at home and threatened with retaliation abroad the administration adminis adminis- tr ration lUon pushed its managed currency program into its most critical phase toda today oday Henry Jr replaced replaced re re- re placed Secretary William H. H Woodin and Undersecretary Dean Ach Acheson on in control of the treasury department Woodin was given a complete leave of absence to recover his health and Acheson resigned as the dollar and government bonds dropped yesterday Simultaneously came an announcement announcement announce announce- announcement ment of ot a possible alliance between France Trance and Great Britain to combat he the cheapened dollar M was sworn in last night as undersecretary and will become chief chic of or the treasury du due toW to Woodin's o odin's ins in's absence Favors Currency Control In selecting Moz President Pres- Pres dent Roosevelt placed in charge a aman aman aman man man who sees secs' secs eye to eye with him himon hImon him himon on his plan for a dollar which will be adjusted in value from time to time timeto timeo to o give it a constant purchasing power in n terms of a fixed index of ot commodity ty ty y prices Advocates of currency Inflation were vere cheered by the turn of events They have regarded both Woodin and Acheson as opponents opponents' of their but has openly favored controlled inflation tion He Ee favors reducing educing the gold content of the dolar dollar dol dol- lar ar believes that putting more currency curren curren- cy into circulation will do more than all aU other relief measures together to end hard times and opposes silver coinage at 16 to 1 but sponsors using a limited amount of silver with gold to back the currency France Appe Appeals ls to England assumption of power coincided with reports that France in fear of being forced off oU the gold standard had sent Commerce Minister to London to initiate discussions discussions discus discus- with the British regarding protectIon protection protection pro pro- for th their ir trade against the American gold buying dollar cheapening cheapening cheapenIng cheap cheap- ening program Although ill health was officially gIven as Woodin's reason for an enforced enforced en en- forced absence few lew in Washington expected him ever to return to his job ob pledged his hib active support support support sup sup- port to the presidents president's program and paid said tribute to Woodin but refu refused d to o discuss the future course of the monetary plan It was understood however that despite the weakness of government bonds and the gible rise in commodity prices since initiation of the thc present policies the gold buying program would be pushed |