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Show WASHINGTON (UPI) —The President used football terms to explain his sweeping new economic game plan. “Tf the play makes ten yards,” he told a news conference, “the succeedi play will be different from what it would have been if they had been thrown for a loss.” It may sound like President Cae Seen 70 8 comment Wednesday, January 19,1972 THE HERALD, Provo, Utah—Page 19 SreeST Turbulent Times, When FDR WentOff The Gold Standard ed: “From the beginning, the delegates have shown themselves unused to work; they do not read the documents circulated; they will not patiently follow committee discussions, or talk out with each other on any subject.” They managed, however, to a good deal of time at the 70-foot delegates’ har installed in the basementof the velt, The year was fy museum. The subject was FDR's Nor was Roosevelt of any decision to take the United help. Aboard ship, he ignored States off the gold standard at messages for guidance. He then the then impending world informed Hull that he wouldn’t monetary conference in London. press Congress to enact a Roosevelt's abandonment of reciprocaltariff bill the secrethe gold standard as the full tary had hoped to use as a backing of the dollar on April bargaining weapon. was abrupt and Further, whententative agreementto temporarily stabilize the dollar, the pound and the franc had been worked out, Roosevelt emphatically rejected it. Finally, in July, FDR ee 'ennesseen later wrote angrily: ee ministers and other top offic formal participant. of government flocked pr Tt turned out to be a fiasco Moleyas if he were the Pied ~ thes acid comment by Pipe.” ing of England about an Then it was Moley’s turn to eee delegate, and personal acrimony among Roosevelt's have the rug pulled from under economic advisers that was him by Roosevelt. He succeeded in working out a draft of neverhealed, In che midst of the confer- principles which would in ence, according to une histor- actuality have committed the ian, a silver-state senator puteBgl to little more service to monetary named as a U.S. delegate by than Roosevelt chased a technical stabilization, Roosevelt sent adviser down the halls of the Moley a full rejection of the prestigious Claridge Hotel bran- proposal and followed it up with dishing a Bowie knife. After a public message to the that, the adviser bought a gun conference denouncing it for failing ‘“‘to remember the larger and toted it with him. And after it was all over, purposes for which the economCordell ic conference originally was Hull, a Tennessee mountaineer, called.” was quoted as saying of fellow Moleyinsisted in later years New Dealer Raymond Moley: “Here he curled up at mah feet that Roosevelt had “torpedoed” conference and its hopes. and let me stroke his head like the a huntin’ dog and then he bites King George V raged publicly an American visitor at a mein the ass,” garden party over RooseAll the while, Roosevelt was eal vals tactics. cruising off the Nova Scotia coast aboard the U.S. cruiser MacDonald quoted the king Amberjack making up his mind : “I will not how best the American dollar as saying to ve these peopie worrying my could be used as a weapon of prime minister this way.” international finance and a shot-in-the-arm for a badly Hull succeeded in a facedepressed domestic economy. The series of events had . saving maneuver to prevent the aan at an informal meet conference from breaking up of Roosevelt with his i immediately but three ven aes advisers at the White later it dwindled away with a House on the night of April 18, pious resolution of hope. 1933, The President was determined te get more dollars into A Dutch delegate wrote this i tiion. epitaph for it: “The 1933 He produced a copy of conference was the last of its legislation then being consi- kind in the economic field; let dered by the Senate, handed it us hope that the world has to Moley and insouciantly learned that the production of instructed: “Have it thoroughly = ‘resolutions is a waste of amended and then give them word to pass it.” The President turned to the ‘ounds, others and added with a grin: a ‘Hull’s tulate me.” He had just endorsed a gauntfigure and downcast eyes measure which would give him are enough to moveon to tear authority to reduce the gold -:- until one remembers the content of the dollar by as Aane treme Miley's much as 50 per cent. Roosevelt also effectively took the United States off the gold standard by Mlarv H nt a March 6 ess ety a cee(ues ot A is d gold al requiring domestic holders of builion and gold certificates to cash them PPpjoin te LAKE CITY (UPI) — in at the Federal Reserve. Ur Roosevelt’s action split his coach Marv Hess has been advisers into two factions and named executive vice president tional Wrestling Hess was presidentof the ormeeting: “This is the end of ganization in 1966>He has been Western civilization.” wrestling coaci: at Utah for 17 ‘The President also had years, Front,left to right: Howard Adams,trainer, Ron Boone, Mike Butler, LaDell Andersen, head coach, Bobby Fields, Glen Combs,Larry Creger, assistant coach. Back, left to right: Rick Fisher, Rod McDonald, James Jones,John Beasley, Zelmo Beaty, Red Robbins, Manny Leaks, Willie Wise, Merv Jackson ewe 1933, = aga 18, somewhat surprising. Yet it hadlittle immediate impact on the average American, coming as it did in the midst of a flurry of more drastic New Deal economic activity. But tie London economic conference marked the first major U.S. government venture into the complex world of international finance as a TEENS 1 pair loge seasontickets to all Utah Stars home games, 1972-73 season. 200 beautiful blue Utah Stars bench warmerjackets. Flannel lined, wonderful for men or women.Sizes: small, medium,large, extra large. Metall value: $11.25. stakes. Just pick up an entry blank—or several— it's All So Easy! Fill in your name onthe entry form, and mail the completed form. Youarein the runningfor a pair of No Skill Required—Nothing to There's plenty to win in Hi-Land’s Utah Stars Sweep- LaDell Andersen, Utah Stars coach, says: “'Hi-Land is the favorite in our home. My wife wherever Hi-Land Quality Chekd dairy products are season tickets to Utah Stars 1972-73 home games Donna and ourfive sons like displayed. 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Bonusfor More Protein Hi-Land(and only Hi-Land in this area) pays its dairy farmers an extra bonus for more protein in their milk. neglected to give advance word of his gold action to British Prime Minister Kamsay MacDonald who was carte by to discuss Although MacDonald's government had taken Britan off the gold standard two years before, be viewed it as a terpporary action needed merely to redress an adverse trade position. The gold bloc nations of Europe, led by France and pee were urgently pressing for restoring an international gold standard, Roosevelt’s predecessor, Herbert Hoover, had declared in announcing U.S.participation in ‘he London conference that the major aim should be the resioration of the gold standard by. and Germany. The conference of §6 nations in the Geological Museum in Kensingtcn June 12 with Hull leading the US. delegation. An anonymous State Departmentofficial at the time said the Tennessean had a a “which has stopped ideas from others, and which bis! confronted with the obstacles and difficulties to his good intentions does not analyze them and figure out ways and means of licking them—but peesenes merely against WILL NOT BE UNDERSOLD ON ANY ADVERTISED ITEMS! CLOSED SUNDAY pari: anne ‘ ; |