European Stars And Stripes (Newspaper) - March 8, 1966, Darmstadt, Hesse                                Log 4 the stars and stripes March 196 european attack repulsed German status of Dollar again secure held slim by in Cirard Graves a business news writer though no parades will Murk the this month is the first anniversary of a significant National Battle the successful defense of the today he United stoics has a stronger Dollar compared with currencies of other speculation about de valuation of the Dollar has Van the balance payments Defi Cit mused by Mure dollars going overseas than c o m 1 n g Home has the Drain of sold to other countries has the nation n stronger hand for negotiations on a new system to keep the Western worlds Economy lubricated with Cash and before the Battle a year the supremacy of the Dollar in International finance had Novert been challenged Battle was fought in the worlds Money the weapons were currency and Early last year the show Down shaped up this Way Western european spearheaded by president Charles de Gaulle of complained that too Many Dol Lars circulated they contended the Dollar was weak and did not deserve its rank As a Reserve currency because of persistent deficits in inter National the european attitude Trig gered speculation in the Money markets that he United Stales might devalue the Gold prices abroad went up the Gold Supply dwindled by hundreds of Mil Lions of dollars a month As for eign again led by France converted Dollar re serves into the confrontation was drawn on classic economic europeans generally contended that Gold reserves Are the foundation upon which the strength of a nations Economy and currency Are imply ing that the United Stales had too much Money relative to its Supply of the United states countered that the value of a a Liras production of goods and services is what determines the strength of its Economy and the position prevailed As the Domestic econ omy soared to record High lev the Cost of the Battle was billion in now inflation in most of the worlds industrialized nations has made the Dollar relatively for has More Gold o Back its currency than a year the French franc in the International Money markets in january was Worth cents a traction of a cent Tower than before Frances major Gold Pur some German economists have discussed the possibility that West Germany should de value Sll Khlly the nations cur Germany ranks third behind the United slates and Franco in Gold other major Gold buying nations whose currencies have dropped in value during the past year relative to the Dollar Are Switzerland and unlike a year dollars Are in Short Supply As Well As in the United credit demands Are the ways i lie Mil Kins Cimic weapons were usual to defend the Dollar were buried and one was the much publicized voluntary program of Banks and manufacturers to reduce the flow of dollars abroad and thus trim the payments deficit that triggered the attack on the Dol Lar in the first the prob Lem is some foreign economists con tend the United states  manage its International i the nation had to demonstrate that it the pro Gram was partially cutting the 1964 deficit of billion to billion in started in mid february last the voluntary plan got into full swing about the end of March and pressure on the Dol Lar began to recede immediate by the end Hie summer the Gold outflow was virtually there has been no Gold loss in the Federal mean used a variety of devices to Shore up the International resources to meet Tempo Rary strains on the currency were particularly deposits with the International monetary because of the close Alli Ance of the British Pound Ster Ling and the Dollar in International extra efforts were taken to support British also under serious the hankers worked out a system last september that would make an attack on the Pound and indirectly on the Dollar extremely costly for it worked Well and the relative value of the Pound the successful defense of the Dollar has strengthened the United slates for International negotiations expected his year or next on a new Cash and or Ceil system for the wests the Dollar served that role in the but now that its strength has been assured it least for the time being the nations Money managers would like to Sec a new arrangement that would make last years first attack the last reds on official communist chinese sources released this picture and its which says these Viet Cong women letters bombard Iowa court rifles on their shoulders Fere patrolling a Lane near a Village somewhere in South vow photo Hoys Case stirs debate lbs March 7 a the Iowa supreme court dented a father custody of his 7year old son in a recent decision and set off its greatest Public debate in of most of them incensed and have poured into the court clerks office since the ruling on Young Mark Painter was announced Many individuals and officials of divorce Reform groups con tend Harold Puller of Wal nut was the victim of a judicial kidnapping in being refused custody of his the High court sold whose wife was killed in an a has lived a Bohemian life although he since has re married and that Murk is better off with his maternal grandparents at aside from the Gross injustice of this the decision is such a Complete departure from established Legal precedent and common Law that the court in writing its own said Eugene chairman of the Nebraska Council on family i was said John i Larrigan of new England regional director for United states divorce re form if May believe the news an injustice has been commented Waller of editor of a publication devoted to eliminating divorce courts if Painter is a fit and proper by what authority does the Iowa supreme court regulate either his religious or political beliefs most of the angry letters refer to a portion of the opinion which noted has held seven jobs in 10 spent his first wife estate after she died in a 1m2 traffic Accident and holds unorthodox religious be the court frowned on what it called painters Bohemian a Calleo Bohemian a Sunder and pc b or those of the supreme court Justice Edwin Moore admits he and the other eight judges were sur prised by All the excitement Over what they had considered a routine child custody he said most of the mall comes from the West coast and he new Vork area very Ikue from some people who read the Complete said the jus change their minds and agree with the decision keeping Mark in the Home of his mater Nal and Dwight Justice Moore asserted the Iowa High court broke no fresh Legal ground in the Painter which reversed a District court ruling awarding Mark to his every Law school student knows the most important fac Tor in any custody Case is the welfare of the he it said the boy would be better off in a de Middle midwestern in the eyes of Many this put the Iowa supreme court on record As assuming children should be reared in this sort of atmosphere even at the Cost of separation from heir natural by Besser United March i a East Germany would have a Tough Lime getting a peephole at the United a let alone full member when the East germans applied for membership last tuesday there was suspicion that they might be aiming for Ftp observer status enjoyed by West Germany but the Obsta cles to that appear almost As great As for the charter contains no procedure for giving observer in addition to West observer stalls is held by the holy sooth Switzerland first to achieve it and South Viet in a nation must Dis play interest in affairs by becoming a member of one or More specialized agencies and must win general recognition As a nation in the inter National East Germany does not belong to any Agency and it is recognized by Only about a dozen East Germany also would face the added complication of obtaining visas for its observers since the Headquarters agreement does not extend to observer mis Secretary general u an advocate of universality of suggested in november ism that it might be a Good idea to extend observer status to More he added that he was aware of the political difficulties West Germany obtained its status in october it is member of All 15 specialized it is also a heavy financial contributor to including peacekeeping West Berlin lord mayor Willy whose City is sur rounded by East said in an interview saturday he thought East Germany applied for membership to have the world get accustomed to us it was a Chance for them to get said a pol Lical pubic United France and Britain announced that they would oppose East Ger Man entry curo can coition the stars ims army Navy Usa col William Coleman u1af Arnold Elmer Frank he nov Deputy  rtt Ein pro Dueon