The Archive · 1938

Hoc B. Cave

(In "Liberty"

And shall I have this sent out, Mr. Morton?"

"No," Slick Keefer said. "Ti take "em.

The clerk gathered up the twelve coloured shirts, the twelve suits of underwear, the mine pairs of striped silk socks, and the eight handmade neckties, Slick Keefer sWaggered to a full-length mirror to look himself over.

He looked O. K. That. single-breasted silver-gray suit was some shakes. The $22.50 shoes had class. He looked swell.

They were waiting for him at the house: Lady-face Fletcher, Machinegun Latham, and Joe DiStasio His entrance interrupted a game of high-

"Where's Rose?" Keefer snapped.

"Upstairs "I told you to keep an eye on het!"

"We are, ain't we? The stairs start here, an' there ain't no phone. upstairs, A vacant lot on each side an'. Pos Keefer reached over the shoulder of Joe DiStasio, took two cards off he table and tore them. "While you're-sitting' here, she could raise a window and holler'

"Aw, she wouldn't do that, She's your wife, ain't. she?"

"She's my wife and she's fed up. Give her a chance and every cop in ihe world will be welkin in here."

Plastic vend "So what? After what that doc done to your face in St. Louis, no cop would..."

"They know my record" Keefer snarled; "and that's enough."

"She wouldn't Slick. She knows what'd happen to her."

"Yeah, Maybe she has a pretty fair idea what is gain' to happen to "What do you mean, Sleek? You mean shesa not go with us noxa week to Chicago?"

You called it."

"Hey! She's your wife!"

"After Friday night she won't be nobody's wife. We're tak" a little trip up through the mountains, the four of us, and she ain't comin' back,"

Keefer slammed the door behind him on his way upstairs, She was lying on the bed. She didn't turn her head to look at him. Not right away.. When she did, her face wore no expression, She was young, darkly pretty, but her eyes were old with hate, "Some more new clothes, huh?"

"Yeah," Slick studied himself in a mirror. "There's class in this outñt, it I do say so. Well... ain't there?"

"If you think so"

"Whaddaya mean by that?"

"You going out tonight?"

"Sure I'm gain' out tonight. Whad-daya if 1, think, so?"

She shrugged, picked up a square of blue silk which had half a design embroidered on it. She jabbed once Or twice with the needle, then looked at him, because he was still glaring.

"Your tle shrieks."

Watching the available' figures of Chinese currency: reserves and following market quotations of the dollar in terms of foreign money, from hour to hour as is being done now, give unfortunately no guidance as to its real position.

In 1933, when the American dollar was the strongest money in the world, business people, the world over and out here, looked thither with admiring eyes at those ever-mounting gold reserves, And yet in the face of that overwhelming fact and the widely-published views of experts on the U.S. dollar's impreg-nobility, the world found itself abruptly let-down one fine week-end. The gold content of the dollar by edict was reduced by about 40 per cent; or the dollar of all-gold was come to be quoted at $1.67 or thereabouts in U.S. legal tender; or the price of gold in. American currency rose from $20.68 per ounce to 35 units of American national currency.

How should this have happened? Was there not more than enough gold to meet holders of bank notes, dollar for dollar? That they could easily have done and the American Government could thus have honoured its outstanding currency obligations 100 per cent, The full. understanding of this phase, preceding the American dollar's subsequent devaluation, will serve to clarify the situation vis-d-vis the Chinese dollar today, and aid importantly in guarding against further possible surprises.

Text read from the printed page and cleaned; old type leaves the occasional error.

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