What the practical outcome of the gold dilemma will be is anyone's guess. As an immediate matter, however, the Congress must consider the wisdom of giving the President continued power to set the price which the Treasury will pay for gold.
Tt is to be noted that so far there have been no worries that the President would lower the price of gold, since that. would be in direct violation of the New Deal theories that easy money and redundant excess reserves would eventually force a stimulation in trade and prices. On the contrary, the periodic rumours of currency. changes have without ex-"ception been that the President would raise the price of gold, thereby again devaluing the dollar and supposedly a fillip to commodity. prices, Matives has yers to devalue the dollar and the The official German messages stated that during the record runs a speed of 486 m.p.h. had been touched.
Newspapers all over the world printed the story. Many of them added that no other air force possessed fighters capable of this speed. Previously the fastest had been Britain's Supermarine Spitfire, with a top speed of 362 mph.
Text read from the printed page and cleaned; old type leaves the occasional error.