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Show UBER1TB 0 NDS NOT GOOD MONEY Plan to Make Them Legal Tender Ten-der Strongly Opposed by Treasury Chief nv ti n tn i WASHINGTON. Jn . - Treasury i offrrls and financial authorities lii 'Washington decline to consider e-rloualy e-rloualy Senator-elect Tom Wntr.n' I proposal for making war bonds and 1 thrift stamps legal tender. W-itvjn's plun would permit own-I own-I ers of these securities to use them at I their full face value Just like bank l notes. Secretary of Treasury Houston, ask ed to analyze the Watson plan, c - claimed: "No. no' I positively will not 'cannot do it! Why try to analyse 8 hare-brained proposition like that? I One might as well try to talk in a .vacuum. It cunt be done." si i i.iv UBTGR. Houston In his annuul report said: "It Is unnecessary to do more than suggest the disastrous possibilities of 'adding some 20 billions of potential currency to the cenntry'a circulation. Thi- currency needs of the country 'are being amply provided for by the operation of the federal reserve system and to give Liberty bonds the legal tender Uallt would muke them so ' much Kpendlnc money, produce unprecedented un-precedented inflation of the current ..nd fundamentally upset prices." OTHER EPF! ('is. At the office of W. P, . Harding. gOV( rnor of the fedeinl n-i rVS board, It was decided d-partmentul rules for- bade comment. Privately, however, it , Was suggested . Tlia' monetiz.it ion .f .' billions of j war bonds would Increase the circulating circu-lating medlu of the country from $o!, to 1124 per capita. That suoh tremendous inflation would immediately result in a corres-1 ponding depreciation in :iie pun has-! Iiir power of the dollar and proportionately propor-tionately higher prices. niHi i-onscrjucnuy me American dollar, which now occupies a domi-j outing place in world exchange, would slump to a par with the depreciated curren '.e of Kurope. oo |