West Germany
Rakes In $6 Billion
Of American Gold
By J. M. ROBERTS
Associated Press News Analyst
Why is the United States, after
two years of pressing her allies
to assume more of the burden of
aid to underdeveloped countries,
is now putting the bee on West
Germany more directly than any
one else?
It’s because Germany is the one
which raked in the gold which has
been flowing from the United
States.
In 1949 the United States had
more than $24 billion worth of
gold. Germany had none.
Since then the U.S. supply has
gone down approximately $6 bil
lion and Germany has approxi
mately $6 billion.
Germany has taken skillful ad
vantage, with the aid of hard
work, of the expanding free world
economy which was based for
many years after the war almost
exclusively on American aid. Ger
many trade has grown amazingly.
As other economies have pene
trated world markets, the share
of the United States has shifted
more and more to the countries
which she continues to aid. Her
net income in the export-import
field is still about $3 billion an
nually, but when foreign aid bills
are paid she has a deficit, and
that’s where the gold has gone.
When other countries lacked
the dollars to do business, the
United States filled the gap, in
addition to giving away billions
to bolster newly emerging states.
When other countries began to
show profits, the United States
started demanding that they take
over part of the aid lead. Some
progress was made, but not much.
Total aid has increased, but the
U.S. share has not been reduced
and, indeed, political factors sug
gest that it may even have to be
increased.
Another reason why West Ger
many is expected to shoulder a
larger share is that, even now that
she is rearming, the Western Al
lies are still paying, through
NATO, a large part of her defense
expense. She has had a freer hand
for economic expansion, relative
ly, than anyone else.
This, despite her cooperation in
the European community, has left
points of abrasion in her relations
with Britain and France, who find
her cutting into markets which
they have considered their own.
Letter To The Editor
I was in Nome and Solomon
1915 to 1929. I wonder if any of
my friends are still around Nome.
I would like to hear from them.
They knew me as Sid Kelly or
Kid Kelly, friend of Dan Kelly,
John Haering and others. Any
one who knows where they are
please write to me. I’ll try to
make it to Nome next spring. I
am retired now. Children are
grown up. Best regards.
S. K. Birochak,
2024 Seaview Ave.,
Bridgeport 10, Conn.
CLUE POT
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Arms and Technicians
From Czechoslavakia
Pour Into Cuba
WASHINGTON, UPt—New Com
munist weapons shipments to
Cuba are reported to have more
than doubled the amount of Red
made weapons available to Prime
Minister Castro for his armed
forces.
Western diplomatic officials
who reported this said shipments
in the past two months alone—
including light tanks, field artil
lery, mortars, troop carrier trucks,
rifles and machine guns—are far
beyond Cuba’s defensive needs.
The value of the arms, almost
all Czech-made, is estimated to
total more than $300 million.
Some 300 or more Czech mili
tary technicians and instructors
are understood to have accom
panied the arms.
Fine Job Printing At The Nugget
Cuba Loses Attempt In
U.N. to Air Charges Of
Aggression Against U. S.
UNITED NATIONS, N.Y., UP>—
Cuba and her Communist sup
porters lost their fight last night
for an immediate U.N. Assembly
airing of charges the United
States plans an invasion of Cuban
soil. But the vote was closer than
many expected.
The 99-nation Assembly voted
45 - 29 against the Cuban - Soviet
attempt to upset the Steering
Committee recommendation that
the Cuban complaint be sent first
to the Assembly Political Com
mitee. Eighteen nations abstained.
The balloting came after two
days of bitter attacks by Cuba
and the entire Soviet bloc, who
accused the United States of ag
gression, subversion, invasion
plans and all-around sinister in
tent.
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