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Show Lconomic Highlights -j Industrial News Review Happenings that Affect the Dinner l'ails, Dividend Checks and Tax y:.. Bills of Every Individual. Nation- s,v' al and International Problems In- r,v separate from Local Welfare. 5, oOo p.' Strangely enough, there's no eco-e't eco-e't nomic subject the average citizen knows less about than money. He uses it daily, but the tokens with which he '"'""n barters aren't really money at all. ' Their only value lies in the credit of v1' the government issuing them. Real money is seldom seen it is gold and t:i is jealously hoarded by treasuries. As J:; a result, the average citizen was pret-ty pret-ty well puzzled when the U. S. gov-J gov-J !r-v ernment announced that it had started a world gold buying compaign in an ,3;- effort to raise commodity prices. He M" couldn't see the connection. As a matter mat-ter of fact, the connection is simple enough if simply explained it's very TT much like an auction. The more people peo-ple you get to bid for an object, the more valuable it becomes. That's true of gold. When the United States went into the market there was another important bidder for the yellow metal and its price rose accordingly. At the same time, the value of the dollar, which has a definite gold backing, declined, de-clined, and commodity prices went up. Briefly described, the dollar has been cheapened, and it is worth less wheat, clothing or gasoline than it was a while ago. At the moment, the world's free gold supply, if melted down, lse would amount to a ten-foot cube, worth about $400,000,000. Since 1492, ,i when Columbus discovered the new world, all the gold mined would j 0 : amount to only a 40-foot cube and . m..i over half of that has vanished, either ie jr, through being sunk in ships, made t.. into jewelry, or hoarded. Most impor-,s impor-,s tant foe of the U. S. gold policy is e p, the British Empire. London is the .one". world's largest gold market, and any that v buying campaign will naturally cen-nore' cen-nore' ter there.- Dollars are exchanged for pounds, in order to buy in the English jn market, thus increasing the interna-tional interna-tional supply of American currency 3 T A and increasing the demand for Eng-1" Eng-1" lish currency. A more expensive pound must follow, discouraging Britain's i foreign trade. Matters are at a dead- j lock. It's going to be a monetary bat-.. bat-.. i tie of the giants, with the two great-- great-- est financial powers of the world opposed. op-posed. Criticism of administration policies, fli hich was practically non-existent a 3 1 3 few months ago, has been gradually A y appearing, becoming more widespread. There is a definite feeling of nervous- ness, mostly on the part of large- scale business men. Their theme song is "Individualism, Where art Thou?" 1 and the villain in the piece is the fact that the government is steadily as-suming as-suming more stringent control over all j phases of business, showing no signs that it .will relax this policy. These business men cheered the recovery (Continued on last page) -J J Beloved Pioneer Called to (Continued from page j Mary Dennison, Sterling; rs . Larsen, Mrs. Hannah Childs t. Jensen and Christian Jensen ii H Centerfield. A brother, Christ ; Jensen, Salt Lake, and a sister v : Sena Jorgensen, of Sioux City also 37 grandchildren and 13' grandchildren. ' ! Burial services were condu; ' the Centerfield cemetery follow,," hi chapel services. The grave, ,' dedicated by Alexis Jensen, Vas. s, j ered with a bowery of flowed ' iii |