Show A Financial Camouflage f Comments were ere made in m this column several days ago on tI the I rather rather anomalous situation surrounding gold gold both both money and andI metal t by reason of the scarcity of one in some ome gold basis c countries I yand and t e decrease in Inthe the output of the other bec because use of the increased ed cost cos of f milling i ling to a point where the metal could not be produced at a aS at S 1 profit J 14 t It It was declared that the statement that hat gold in at t least one 1 f country had pad gone to a t premIum premium was it incorrect I and andl J nd I r l wt instead other forms of mO money mondy 1 y had depreciated to a point b. b below I l w f a i ithe t t 20 29 an and fraction of an OUn ounce I e for gold and which forms thea the thc i inflexible inflexible b basis sis for the yellow metal in its fine fine state r 0 r This view of the case has lIas just received an indorsement by the i v 1 suggestion s made in m Washington that the United States gov government Z is give a bonus of a stated amount for each ounce of gold produced i inn jn jn this country c h 1 In other words it is proposed ed not to pay more than 2067 Wand rand and a few thousandths par part of a cent for each ounce of gold because 1 io Is such ch an an act really w would uld make make- gold go to tb a premium and thus p disturb the the y very ry financial i. i a ci J fo foundation dation of every ery gold gold basis basis n nation u n in inthe j the f le world By y giving a bonus however the set value l of gold ren remains ains I If f undisturbed d r 1 ti Withal Withal it is is m merely ely an effort to cam camouflage the I financial al situa- situa It is a case of robbing Peter t to pay Paul II or or taking laking money i Y out out f of the right hand pocket instead of the left f I- I However ow ver there should hould not be the slightest objection to the t onus bonus plan in view of tile tie fact that by scientific fin financing each v dol dollars dollar's rs r's worth of gold can be made to form the basis of at least five J times that amount of credit Also because of the fact that the United States has the greatest amount of gold of any country in the world providing a credit basis c 6 sufficiently stable for all its requirements regardless of the duration of Jh the war it is reasonable to suppose suppose that sh should uld the bonus plan Suggested be adopted it t will b be more more for the benefit of this coun- coun Iries' Iries allies than for America America f l The financial condition of the United States as also dec declared ared a 4 1 tew feu days ago is most gratifying and satisfying and and if th the p powers that at be desire to do a little financial camouflaging for the benefit of friendly r nations the act should not be construed a as presaging a weakening weak weak- i ening in of Americas America's monetary forces fortes |