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Show f THE RICH COUNTY REAPER, RANDOLPH. UTAH German Castle Scene of Novel Rescue by Women E The Mind Meter o Taking the War Debts Out in Travel '? S ' The Similarities Test In each problem of the following test there are three words. The first two words bear a certain relationship to one another. Write in a fourth word which bears the same relationship to the third word that the second does to the first 1. Flame, gas; bulb, . . 2. Gasoline, automobile ; horse, 3. Frank Frisch, baseball; Harold . McSpaden, 4. Thin, thick; slim, 5. Homer, poetry 6. Albany, York New True Wives. Con- ; . cord, 7. 8. 9. ... Demosthenes, ; Not far from Heilbronn in Germany, Is the ruin of the Castle of Weibertreu, concerning which is told one of the most curious tales of the Middle ages. It appears that in the Twelfth century the castle was captured by a feudal chief, who, holding the male inhabitants within its grim walls, planned to put them all to death. As a parting gesture to the women, who were similarly captured, he gave them permission to leave the castle and take with them only their most valued piece of property. To the victors astonishment, the women marched across the drawbridge to freedom, each carrying her husband on her back. For this reason, says the old legend, the old fortress came to be called The Castle of Wur-tembur- g, WNU Service. Bell Syndicate. " By LOWELL HENDERSON . Soldier, army; sailor, Roosevelt, Garner ; Hoover, Americas Cup, yachting ;Wight- man Cup, . 10. Stateroom, ocean liner ; . - cell, Use only the following words : navy, Curtis, prison, electricity, fat, New Hampshire, oratory, wagon, tennis, golf. Answers jMAWiVA Americans would be able to enjoy the famed beaches of Deauville and the romantic canals of glorious Venice, as well as the recreational and cultural facilities of all debtor nations, and their expenditures would apply upon the liquidation of the war debts, if the plan of Thomas D. OBryan, shown in inset, should be accepted. a large brokerage house. To fit himwe cancel the war debts? self better for his job, he burned the long and late every night, readSHALL any averagewill Americanto lamps on the history and principles ing up and the hair begin of foreign exchange, and It was In bristle on the back of his neck. hours when decent these early morning I war Cancel the debts? Well, In bed folk were that the OBryan long guess notl Those Frogs and Wops now first began i9 as known, it Plan, borrowed all that dough in good faith ; we raised It out of our own pockets to see the light of day, If that Isnt too hopelessIn Liberty Loans, and now, by God, mixing up the metaphors to follow. for anyone ly em let pay It back! A Word About Plans Author. And there Mr. Average American will usually utter a derisive snort, Today, at twenty-eigh- t, OBryan Is turn away in disgust at the very IDEA a man with a mission. Tall, large of canceling a business mans agree- boned, darkly handsome, of serious By WILLIAM C. UTLEY ment" and stomp off, muttering to himself about the depths to which International integrity has sunk when nations whom we helped win the war will gyp us out of our just rights. If you had asked him (had he given you the chance) Just what he would do If the debtor nations wont pay, according to the terms of the agreements, he will go red with anger and gjmply stare you down as though you had Insulted him by even bringing the matter up. But, Finland excepted (good old Finland!), the debtor nations are NOT paying, and give little or no indication that they Intend to pay in gold or dollar currency. Four courses lie open : To go on insisting that the debtors live up to the letter of the agreement, and simply act frightfully righteous and annoyed when they dont; to cancel the debts In part, hoping to salvage at least some of the loans; to cancel them altogether and forget about the whole discouraging mess, or to revise the means of payment to a form in which It will not be looked upon as so difficult by the debtor nations. Commercial Youth Has Plan. The United States Junior Chamber of Commerce believes it has hit upon a plan of revision of the method of payment which should prove acceptable to both this country and its creditors. Certainly if it works it would make collecting the debt lots of fun for Americans and for foreign innkeepers (until they got around to paying their taxes, at least). For the plan would allow Americans to travel in the debtor nations, paying their way with credit certificates on those nations, which would be exchanged for domestic currency by the foreign governments. Americans would pay the United States government for the certificates and the payments would apply on the war debts ; the foreign governments would float domestic bond Issues to raise the money to redeem the certificates, thereby transforming the war debt from an external one to an Internal one. But thats getting a little ahead of our story. The United States Junior Chamber of Commerce and the 300 branches with whiqh It is affiliated are making some progress in getting the plan recognized. The efforts of 50,000 professional and business men between the who and thirty-fivages of twenty-onare members, and the approval of other such men who are associated with them, are behind it Since these are, presumably, the young men who will direct the destinies of American business In years to come, the plan has more than a slim chance of one day becoming a national Issue. The author of the Big Idea Is Thomas D. O'Bryan, chairman of the national bodys war debts committee. OBryan was born and reared in Lovilia, Iowa, and attended Iowa State university at Ames. He came to Chicago with a head for figures to work in the foreign exchange department of ' V r e e 200,-00- 0 1 demeanor and perpetual frown of thought, he has a paying job in La Salle street, but it Is not hard to see that he lives, thinks and breathes the OBryan plan. He can spout figures and arguments to support its theories right through the lunch hour. If need be, never once thinking of the Inner man, to convince a heathen unbeliever. And about seven times out of ten, the said heathen unbeliever will find himself agreeing whether through honest conviction or a credible desire to get about the business of acquiring lunch. It is not within the province of this recorder to Judge. I can only set down a brief synopsis of Mr. OBryans theories and let the reader decide for himself. First of all, he asks us to consider the nature of the debts and the manner In which they were incurred. The debtor nations were at war and, because their industries were busy manufacturing munitions and other goods of war, they found It necessary to Import goods in vast amounts which, for the large part, they normally produced at home. We lent them the money with which to buy these goods, and then they bought the goods from us. Difficulties of Payment The present agreements provide for the debts to be paid in gold or in dollar currency. This means that a debtor must ship gold to the United States or sell goods here In order to accumulate dollar currency. Present economic . conditions make It difficult for debtor nations to pay in gold; nor. f the worlds with more than supply already within our vaults, do we want more of It Importing goods from the debtor nations would lower price levels and living standards In this country, for the type of goods which we would have to import are largely those which we produce In sufficient quantities at home; to protect our own Internal trade we have set up prohibitive tariffs which preclude the sale of Imported goods. These conditions make it virtually impossible for our debtors to pay In dollar currency. If we cannot buy from them the flow of gold would end In a reservoir in this country, and that would not be desirable from a viewpoint of international economy. They have the capacity to pay (according to Mr. OBryan) and it Is possible they are Willing to pay. The answer lies in discovering a means of payment satisfactory to both debtor and creditor. The OBryan plan advances the argument that there is nothing which debtor nations produce that we can consume here; but there are services which we can consume THERE, and which we do consume in a quantity which approaches the proportions, in dollars and cents, of the annual payments which the debtor nations are required to pay us through the debt agreements. These are cultural or recreational services to tourists or students, or any other Americans whose one-hal- Prison. 10. business or pleasure takes them abroad. Tourists spent outside the United States, according to the Department of Commerce, 500 millions during 1923, and a peak of 850 millions during 1929, says Mr. OBryan. These expenditures can be used to our benefit In dealing with the debts. The United States could enter into agreements with the debtors whereby they would furnish to our Treasury department certificates of Indebtedness, properly endorsed, for the full amount of the debts. The secretary of the treasury would be authorized to countersign them and distribute them to banks in this country through the federal reserve system. Travelers Would Estimate Expenses, A tourist arranging for a passport would be required to estimate the amount to be spent in a debtor country and also Include steamship fare; that amount of certificates would be sold to the tourist to be used to pay fares, whether on a foreign or American line (American lines could use them in paying foreign bills), and .to secure the currency of a particular country by exchanging then at the banks upon arrival there. The debtor governments, OBryan continues, would agree to refund the certificates In specified amounts and In place of them issue long term bonds of equal standing with other obligations of the government Incurred for any other purpose. The United States treasury would be required to hold moneys raised by the sale of the certificates in a fund to retire the outstanding government bonds of this country. The result of this process would amount to the debts being liquidated in this country; and at the same time they would be trans-fereinto the form of a long term Internal obligation of the debtor as compared to an external long term obligation as they are now. The young author of the plan points out that additional benefits would accrue to the debtor nations, for their tourist and travel business would be stimulated without additional sales promotion cost Part of the Increased taxes of the debtor nations population would be returned as profit upon this assumed Increase In business. Marketing the Certificates. OBryan Is dabbling with several angles of the plan which would stimulate travel by Americans. For Instance, If the writer follows him clearly, he suggests that the part of the United States national debt that resulted from the war loans be kept In a separate account A percentage of every annual direct federal tax would apply on the liquidation of the war debts; the citizen or corporation paying the tax would be Issued' travel certificates for an amount equal to that percentage of the total direct tax paid. If the person or persons to which certificates were so issued did not care to make use of them, the certificates could be sold on the open market for whatever - price they would bring. Thus Americans wishing to travel would be able to save money by purchasing certificates at the market price, which would certainly be at a discount from the actual value In foreign currency. 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