PAGE FOUR B-B AA±B-f . UA.t.PE5.L kLTHTi MCHIGrA linDA TT.V A v t1 .C7 tT X JU 3, Fifty-Fourth Year I eCe lier C1n c n WITH THE AEF: - - 14.DNb yRLM Siffu FBreM' n ,p , .....,,., .. .. .a -Edited and managed by students " of t he University of Michigan under the authority of the Board in Control of Student Publications. Editorial Staff Jane Farrant Betty Ann Koffman Stan Wallace Hank Mantho Peg Weiss * . Managing Editor . . Editorial Director . . . City Editor Sports Editor . . Women's Editor /f . Business Staff Lee Amer Business Manager Telephone 23-24-1 EFPRESENTED FOR NATION,. ADVERINOG BY National Advertising Service, uc. Collese Pub sbers Representative 420 IlADIpON AVE. NEW YORK. N. Y. CICAGO * ROSTO - Los AGELE - SAN P ANCISCO Member of The Associated Press The Associated Press is exclusively entitled to the use for republication of all news dispatches credited to it or otherwise credited in this newspaper. All rights of re- publication of all other matters herein also reserved. Entered at the Post Office at Ann Arbor, Michigan, as second-class mail matter. Subscriptions during the regular school year by car- rier, $4.25, by mail, $5.25. Member, Associated Collegiate Press, 1943 44 NIGHT EDITOR: KATHIE SHARFMAN Editorials published in The Michigan Daily are written by members of The Daily staff and represent the views of the writers only. Monetary Conference THE GREED of American capitalists may pre- vent an international bank from being estab- lished, may cause the failure of the idea of a world organization and thus in substance leave us after the war no better off than we were before it started. The monetary conference at Bretton Woods illustrates the fact that since the war began we have used many flowery phrases and made many promises which we have no real intention of keeping. One proposal which has been made. is for a, ten-billion dollar world bank, from which nations could get money for reconstruction.,T13e leading newspapers in this country are opposed to such a proposal. Why? Not because this country is not in a financial position to contrib- ute its share, but because there are certain big businessmen' in this country who want to gain at the expense of Britain and other nations which will need loans after the war. These capitalists want to lend the money themselves and then charge high rates of interest. The worse part about the whole situation is that these 'big businessmen are strong enough to enforce their demands unless the people rise up and demand that future security for the world be placed before pri- vate gains for a few individuals. Another important proposal which is being discussed is the unemployment. TheBritish have come to the conclusion that unemployment is unnecessary. They think that as soon as the first signs of unemployment come, the govern- ment should step in and start hiring people so as to get some buying power into the hands of the people and thus prevent inflation. - In America we have not yet advanced to the point where we are willing to take the neces- sary steps to prevent unemployment. A worker cannot be too vehement in his de- mands for higher wages and better working conditions when there is an unemployed person who could replace him in his jol. Then too the old question of supply and demand arises. This principal holds true with workers as well as with -goods. Therefore, big buinessmen want to mlaintain this pool of unem- ployed workers so as to keep wages down. Here too we find the financial advantage of a few being placed before the welfare of the masses. This is one of the main reasons why the capital- ists in this country and the newspapers which represent their views are opposed to Lord Key- nes, the British representative who is so sure that unemployment can be eliminated. THE PRINCIPAL of providing a fund to stabi- lize world economy is Fimportant. The de- pression which followed a few years after the last world war showed how interdependent the world is financially. Isolationism is outmoded not only in regard to military affairs, but also in connection with monetary questions. Depressions no longer can be restricted to one country. Because of the interdependence of world trade, if one country, especially a large one like the United States or Great Britain, has a depression, then we are almost assured that it will spread to the other countries also. After the last war it was proved that one country can not stay on the gold standard after the whole rest of the world has gone off. The important application of all this, how- ever, is not financial. The signs point toward the possibility of what may happen in other By KENNETH L. DIXQN I :1o 'etop 'WITH THE AEF IN ITALY-(AP) -Pvt. Lucien Thibodeau of Rumford, Maine, is known among his fellow ack-ack gunners as "The Wild Current iterature . .Frenchman." This week they have IN THIS COLUMN "The Pendulum" a new exploit to explain the name. Mr. Rosenberg laments the fail- It was sunny and fairly quiet last ure of American literature to reflect Sunday afternoon when the Bofors the cynicism of the time-to reflect gunner, who won the silver star at the anguish felt by millions because the'Rapido River crossing for rescu- of the welter of blood which has been ing a bunch of infantrymen from an shed in this war. He points with exploding ammunition truck, got pride to disillusioned writers of the tired of batting the breeze with 20s who reflected post-war attitudes his buddies during an off duty after World War 1. Today's writers stretch. are not post-war -writers-they are He got up, yawned, stuck a cap- writing as the war is being fought. tured Italian .44 in his hip pocket Not all writers are sugary like Doug- and asked if anyone cared to join las or childishly wide-eyed in their him in a little stroll. Knowing optimism like Sarovan, our self- the habits of Pvt. Lucien Thibo- confessed genius. There are writers groping with social evils, there are ed noregretfvolunteered,strole writers groping with problems of down the Appian way toward the the peace. Such brilliant books as front. Christopher Dawson's "Judgment of the Nations" are hardly childish. At the combat line where the As for Brooks Adams writing at doughboys lay dug in an infantry the turn of the century that "no captain asked Lucien where he was poetry can bloom in the arid mod- going. ern soil, the drama has died", I am "Up ahead," said Pvt. Thibodeau, reluctant to accept this. This war "to see what's going on". is the greatest drama of all times, Since it's scarcely customary along and may produce the greatest writ- the Garigliano River front for sol- ers American literature has yet to diers to go sauntering into no man's produce. Mr. Rosenberg should re- land for fun, the captain naturally member that men fighting for self- assumed the lean and lanky private survival do not write poetry but had a reconnaissance mission to per- these men return home from their form. war experiences and war travels and then they write. Dos Passos and EACHING enemy lines, Thibodeau Hemingway wrote in the 20s-not in was practically pinned down by 1914. This war has been too great a an American artillery barrage, so he drama, too significant an evolution slipped into a deserted enemy pill- in the growth of civilization to pro- duce immediate results in literature. Future generations who have not lived under the blanket of terror which prevails in Europe may well DA ILY O FFIC I wonder at our generation. After we recover from the shock of this war perhaps we will see the literature Mr. Rosenberg wants to see. (Continued from Page 2) -Virginia Rohr Doinq a Job on Both Fronts I'D RATHER BE RIGHT: Congress Favors Muddle, AL BULLETIN By SAMUEL GRAFTON NEW YORK, July 6-Both parties are talking, big about reconversion, but neither party can dp anything about it until Labor Day, at earliest, because Congress has gone home until that time. If the European war'should end between now and Labor Day, Congress would be caught with the funniest look on its face. 'Theoretically, Congress has arranged to re- convene in August, but, actually, only a kind of maintenance crew will be on deck, consist- ing of a few Congressmen who will meet every three weeks to vote themselves adjournments. Thus two precious months are being booted away." Streams of Thought 'Meanwhile, a number of businessmen of my acquaintance are slowly losing their minds. They have to meet a payroll, in the grand old phrase, and one or two of them are caught between shrinking war orders and the absence of a green light for civilian work. They look to Congress for help, but most Congressmen are, far too busy out at the crossroads, boasting about how they intend to reconvert American industry, to -be able to spend any time in Washington this summer doing it. IT SEEMS to me that there are two main streams of thought operating among us in this field. One is our fine old Western belief that if we apply intelligence to a problem, we can solve it. Much of our gorgeous and incorri- gible Western optimism is based on this- belief, but the belief is not as common as you might think. Mr. Bernard Baruch has it; whether hie be a liberal or a conservative (and I don't think he knows which he is) he does at least believe in the application of thought to prob- lems; he has a kind of blessed faith in this process. They Prefer Muddle But there is a parallel stream of thought which believes in no such thing. It prefers muddle. It considers that sometimes you make more money if you're not too damn smart. It hates food subsidies, for example; because food subsidies are too cerebral; they pay each man- according to his deserts, which is dull; they don't leave enough nooks and corners and messes in the price structure, ,in which a man may, by a quick stroke, make a fast dollar. IT LOOKS AS IF CONGRESS has clearly voted its preference for muddle, by going home, at a time like this. The act of going' home, of leaving reconversion hanging, is a more eloquent vote thal any show of hands; it is' a vote by gesture, a vote by facial expres- sion, a vote by bodily posture; ,all these are better indications of what a man thinks than are his voice or his words. Planfulness Depresses Them The same process is at