Ogden Standard-Examiner | 1924-08-03 | Page 19 | Urge Free Trade in U. S.

I I I i 1 r URGE FREE TRADE IN U S Want England to Return to Gold Monetary Basis LONDON Aug AUB The tP 2 A W TIt fate of ot the th gold cold standard Is so eo much dependent upon British monetary montan policy polly that England Ingland Is la simply Imply bound to tako tolo the lead Iad In Inthe inthe the restoration of ot the tho th worlds world's I monetary system Stem It Is I ImpossIble for tor England to wait and antI see nee This Thie statement was wa made mode b b Professor b Professor Gustov Gustav Casel of Stock Stock- Stockholm Stockholm holm hoim rg as one ot of the greatest authorities on world monetary mon tarv conditions In the course of oC a lecture to the Institute of B W T T GOLD SIS B D 1 It J the tho pound sterling h he assert asserted ed d were sere ere again arain put on its old gold bo basl ls the whole world would feel that the tho gold cold standard had hod me- me re regained gained something of ot Its old 1 te- te 10 e- e and the doubts as to its trust would no longer stand In Jn the waY of a return tolt to It it itI tt I 1 et at England Ingland the e said ted to take taka tb the decisive e st step I There was wa a general tear fear In the public mind In Europe Europ that there therewa was likely to be b a new flEW rise ot of oti prices In America Ho He contended that thu this doctrine doctrin must mut be reject ed ad The conclusion must be bo that some omo 1 ilse Is ise In prices In America sas ns possible but by no means y ary Professor Casel CasI said ld It was very couCh against the financial Inter Inter- Interests Interests ests eats of ot the tha United States to allow the value alue of ot gold cold to be b seriously depressed ed by an Inflation tion lion and still sUlI till more by such uch a vio yb- vio- vio violent violent lent measure as the th prohibition ot of gold Imports Import TAKI AWAY WAY DUTY It J If the th United States Slates really rally feel gold Imports a nuisance Protes Professor Protestor tor sor Casel Ca cl added tho ea easIest and most natural means mans to avoid a old them themIs themIs Is to do anay ay with the tho highly tariff which pr prents pre ants Europe fro tro mpa Ing her hr debts In commodities With free tree trade would get let more of useful com commodities and less ot of o non useful non gold Treasury authorities hero her are In Inclined dined to believe theta thelo will be b no return to gold eold currency at least before 1929 9 It Is I pointed oln ted out t there Is la a new price level since the oar nar ar far tar more mor money Is I in cir clr- cir circulation and nd nd there thero Is not enough nough gold bullion and reserve hero to meet the requirements requirement of ot a rein rein- gold eold currency n