Show I 5 1 DOLLARS of the gold bill ill and d issuance of the SIGNING presidential proclamation revaluing the the them Am American m rican dollar caused those dealing in in foreign for for- eign exchange to run quite a temperature Wednesday i Tho bo dollar now hOW st stands at per er cent of its former lawful weight and will contain 15 5 21 grains of gold tenths nine-tenths fine Tho The weighing will not be he on scales but hut on treasury r accountants accountants' hooks books As there will beno beo be he helio lio no o gold dollars coined no one need need worry about t their 10 loss logs s of weight Gold buying by bythe th the treasury will be he at a price of 35 an ounce i is nice for those who have a few pounds i f gold for sale Any gold will do as the treasury's trea trea- sury's ury's purchase restriction to newly mined gold goldis is lifted The most immediate consequence of this action action ac ac- ac- ac tion Uon is that the government takes tabes a profit prof it of on its impounded gold With tl this is the st stabilization fund is to be set up Its operations will be s secret clet The general purpose of the fund is to deal in foreign exchanges so as to control and ma manage age the d dollars dollar foreign exchange value Theoretically V Wednesdays Wednesday's ys y's epochal event in Washington cut all wages and salaries about 40 o per cent and raised the tho cost of everything ing one buys by a compensating amount Happily this this' is for the moment only a theoretical cons conE con con- s E sequence quence quen e. e The man fuan who had in the bank Wed Wednesday morning still had lad Wednesday afternoon if he did not draw on his account L Likewise the 5 pair of oi shoes one saw in the window at noon could still be bought for 5 5 as s the shades of evening fell It will be the same ame today and tomorrow and for many to tomorrows tomorrows to to- morrows morrows to come We e are not repeating the mark and rouble business ss and there is nothing to g get gt t excited about unless one should suddenly stumble onto to a gold mine At 35 an ounce it would take an uncommon amount of self control to suddenly became J. J restrain strain excitement if one possessed of at a quart or two of the lovely metal For or the tIle common citizen though in all this hubbub about monetary policies there is nothing nothing nothing noth noth- ing to be don done about it jt Its It's just like the weather eather The he American at home with plenty of pf American dollars has nothing to worry about bou Its It's the Englishman the Frenchman and nd the other foreigners with a stock of our ouro money o ey on hand who took it J jn n the chin Wednesday Wed Wed- and like ourselves there is nothing they can do about it jt i A A lot of men have reached the point where I they dont don't care who makes the country's laws if U they may be allowed to explain them |