TUESDAY, SEPTEMBER THURSDAY, 12 A THE OGDEN (UTAH) STANDARD-EXAMINER | Is} |e 15, 1950 _ ss FRIDAY EVENING, SEPTEMBER a s\Money Troubles Foreseen | For Our Grandchildren _ * |see no radical money changes, but |our children and grandchildren will _|probably see real troubles. _|How Money Depreciates | Every reader has seen our own | ‘dollar drop in purchasin a... power to OVO VOY ture of diamonds for jewelry is not | feasible. In any case, the average diamond would be too expensive | for bartering with farmers and| tradesmen. Hence, the wholesale prices of such marine gems will slowly in-| crease due both to the greater scarc- | lly have seen the German mark go. ity and the increased labor cost of |from 25 cents U. S. dollars, to zero; finding, cutting and polishing these the Chinese dollar from 50 cents U. gems. Pearls—both natural and S. dollars, to nearly zero; and the cultured—can also be classified as French franc from 20 cents U. S. marine jewelry. In fact, even the | dollars, to the present value of one cheap synthetic pearls are made | quarter of one cent. The same is from beads covered with a solution | But only the ex-| |true of most of the currencies’ of; of fish scales. the world, including South Amer- pensive natural pearls have a limited supply. ae ica. | |less than 60 cents. It will continue _|to drop, war or no war. I personal>t pe, Bi Ss ie i _ If World war III should come, the Collect Gems, Linens value of our dollar could rapidly decline to a very low figure as did I believe that those who read this column will, in their lifetime, al- our currency in the 1860’s. For a - {time then many people would re|fuse to accept paper money for tangible goods. This’ same thing could happen again. The time to prepare for such an event is now. No company will insure your house after it starts to burn. ee What. Will Be Used for Money? | As long as any “hard money” -|such as silver coin is available, it ways : | be able to use U. S. paper cur- rency even though it continues to decline in value. On the other hand, | I think nearly every reader will agree that, although we will win} World war III if it comes—yet our || cities will suffer such destruction | and our national debt become so huge—our present paper dollars. may be of little use to our greatgrandchildren or perhaps even to our grandchildren, | ...° am Therefore, in th eir interests | will be accepted. In France, after World war II, the farmers preferred silver teaspoons for money. Peo- should we not start a collection of |. ple, of course, must use something good jewelry, linens, rust-proof cutfor money. It must be easy to car- lery or tools and other non-perish- | ry about and easily hidden and able but universally useful things something which other people want. which can easily be stored? Is it oe silver was always accept- fair to leave these grandchildren only stocks, bonds, and paper dol- | able, ’ : A banks and As gold was unobtainable and lars which the savings Silver was gradually hoarded, the life insurance companies will pay | : most preferred form of money used out to them? in Europe during the last part of Valuable Articles of * OO TP teb: tee —— Ske aah | OP tattefoh prey .Han fem TOS if PTT ao l die 4 Flimited and they cannot be manu7 | By Roger W. Babson NEW BOSTON, N. H., Sept. 15— factured artificially without deteca This week I am writing about in- tion. I have in mind such gems as fi | vestments for your grandchildren amber, coral, and jet. In fact, there f’ |/and great-grandchildren. will continue to be fewer of all Unless the Korean affair or some these marine gems. There will f4 | =; |\similar one develops into World never be any more diamonds made © | war III, we oldsters will probably by nature, and as yet the manufac- dD 12 DD ; World war II was genuine jewels. | Even the farmer would accept this in payment -for food because he could pass it on to others for what he had to buy. Such gems, used | for money, must not be too expens| ive and the supply must be limited. | Furthermore, they must be of a na| ture where the genuine stones can ee be recognized from the synetic, the be kept : | Value of Marine Jewelry _ Marine jewels —the products ocean—best qualify under Hence, of the above requirements. They are not too expensive, yet their supply is my suggestion is that readers consider putting five per| cent of their savings each year into a collection of such small permanently valuable articles, storing | | them for their grandchildren and great - grandchildren to use as|/| money in some later temporary emergency, Such articles should be| new—not second hand—and should locked Treasure Chest” years or more. up in “Grandma’s | shad Postage vinbat —w 1 =< SEPTEMRFR 14