European Stars and Stripes (Newspaper) - March 17, 1968, Darmstadt, Hesse                              March 17, 1968 / ii i " the stars and stripes Page 3 Irish potatoes with Kushha a la Killarney re Sid Schapiro new York Bureau chief Yorks a with Amenu featuring Green get marking St. A y a a Puri via jewish Sal saturday night. The Blarney flowed As a War mow wafted Over this group of jewish or jewish Irish la shave banded together to rate the traditions of Theof their birth Eland and the customs of their  reigning Over the double Celebration As Colleen Queen Esther at the Lloyse s get together was Brown haired Ber Netta Reisman of Lincoln Park . For her to be eligible forthe Honor a girl s Mother or father or one of her grandparents had to be born on the Ould Sod. Bernetta s maternal grand Mother Minnie Rosenberg suss Man was born in Dublin and lived there for 36 years and As a Young girl worked in the late lord mayor Robert Briscoe s Parent s grocery. Bernetta s Grandfather Morris Sussman was a Well known member of the Dublin Community. The Petite 5-foot-2 Bernetta who has Brown eyes is a 29 year old housewife and has two children Adam 3, and Jody. She was crowned Queen by Michael Mann Lloyse presi Dent a former Dublin Man nonliving in Garden City n.y., who placed a Shamrock Tiara on her head and commented with a bit of a Brogue she typifies the True jewish Irish  her husband Danny Reisman former Petty officer in the Navy looked on with  Mother Hanna h Kochan who lives in the Bronx n.y., said she was so elated that she immediately telephoned a sister in Detroit and another sister i Youngstown Ohio to Tell them the wonderful  a press conference Ber Netta touched on everything from Borsch to bikinis and let it be known that her favorit Edish is corned beef Kosher of course and  150 members and their guests attended the Lloys Bash at a Broadway restaurant featuring traditional dishes specially named for the occasion. The menu started off wit fresh fruit cup o Flanagan Fol Lowed by Litvak chopped liver and Green bagels a la Emerald Isle consomme with Green matzo balls and the Mai course of prime roast beef o Brien with Irish potato Sand Kishka a la Killarney. For dessert there were Shannon sherbet and assorted Queen Esther  was provided by the Barrett troupe a you Girish bagpipe band and dancers Decca Fishman a jewish entertainer from Brooklyn who sings in gaelic and Tony Lynch an Irish Tenor from Dublin. With an Irish jewish twin Klein her eyes Bernetta exclaimed i m having a Ball . Personal income takes biggest jump to re in almost 2v 2 years Washington a paced by a Strong Advance in private wages and salaries the nation personal income took its biggest jump in almost 2i/2 years during february the Commerce department reported Friday. A $7.5 billion jump sent the Over All total to a record annual rate of $658.4 billion. Private wages and salaries accounted for $5.8 billion of the increase in annual rate. Part of this was due to the increase in minimum wages but the department said the gain was Strong even without that  was the second bullish eco nomic indicator reported by the Commerce department this  sales increased one per cent during february to their second straight monthly record and although the unemployment rate increased it remained Well below the 4 per cent Mark at3.7 per cent of the total labor  major Industry groups shared in the payroll Advance the department said. In manufacturing wages an salaries Rose $2.3 billion above january compared with an in crease of $400 million the pre Vious month. Employment hours and earn Ings All contributed to the february Advance in manufacturing wages and salaries with average weekly hours responsible for almost half the gain the department said. The february increase Over All was the highest since sep tember of 1965 when increased social Security benefits produced a monthly gain of $14.7 billion. Test launch to be Erin s Esther Bernetta Reisman is crowned Colleen Queen Esther by the Loyal league of yiddish sons of Erin. A photo Cape Kennedy up officials announced Friday a delay of at least three More Days inthe test launching of the second Saturn 5 rocket and said the first manned Apollo flight is now set for late  director William Schneider said in a briefing i Washington that problem with Leaky valves in the Apollo 6spacecraft ruled out the March 28 Date set for the important unmanned launch of the rocket built to Send men to the  Don t know what the Magni tude of this problem is going Tobe but i am sure it will be greater than two Days and less thana  Schneider also said the target Date for the launch of astronauts Walter Schirra Donn Eisele an Walter Cunningham in the first manned Apollo spacecraft has been moved up to the third Quarter of the year Between july 1and the end of september. By John Cunniff new York a Gold is the Only Money completely acceptable everywhere. When people doubt the value of paper Money they traditionally flock to Gold. No matter what happens they feel they have wealth. Grave doubts about paper Money Are occurring now especially among europeans. Al ways a bit timid of paper some Are frightened now. Their fear is that the Dollar might not be Worth As much As is claimed for it. And exercise up of circulation office phone numbers Germany Civ 73i is Emden v u77u. Mil 2,3 5. Greece Athens i in a a. Out 3. U kil13 � i subscribe now government housing Only ing their rights they Are converting what dollars they hold and they hold billions of them into  and greed play roles As Well especially for speculators. If the United states concede that the Dollar is not Worth what is now claimed for it this admission could be reflected in a higher Price for  Price is now $35 an ounce. If the United states wit hits Gold stocks dwindling decides to discourage Dollar re demotions it could do so by raising the Price of Gold to $70an ounce. Gold hoarders would be  an increase is a possibility for the United states has this prerogative under the 1944 Bretton Woods n.h., agreement signed by most of the major Trad ing nations. This agreement permits the United states to set the Price of  ratios under the existing monetary setup therefore the United states pledges to redeem in Gold any dollars held by other governments. This Assurance is meant to provide a rigid key Stone for International currency  the United Stales Guaran tees to redeem dollars for Goldat $35 an ounce then the Dollar supposedly is As Good As , because this Price is Sta ble other currency ratios could be established in relation to the  ratios currently Are British Pound Sterling $2.40 French fume u bit More than 20 ends the German Mark about 25  these ratios of convertibility established International traders could be fairly certain of the value of the paper handed them with a big exception. If a nation permitted its cur Rency to run Down through eco nomic weakness or inflation then these ratios would become suspect. The suspect nation s paper would be less acceptable. In fact Many foreign nations would turn in the suspect nation s currency for another stronger currency or perhaps for Gold. This puts stress on the suspect nation s ability to prove the value of its currency. It be comes a test of its  this test takes place As it is now a nation must buy it sown currency to support the Price. If it fails if the pressure is too great then it must acknowledge its weakness. Britain did this. But Britain s Economy Hadron Down. Certainly the . Economy is enormously Large and Strong. Why then is the Dollar being questioned though big and Strong the United states perhaps has Over committed itself. For close to two decades now the United states has spent heavily abroad on foreign Aid military bases business invest ments trave and purchases. A lot of dollars have been left Over seas. If other nations especially the european countries had spent More Money in the unite states the balance of payments problem would t be so bad. The dollars now left abroad represent a potential demand on . Gold a demand that far exceeds the Supply. For years there was Little danger in this situation the Dollar was sound As far As the world was concerned. 13cop Chain saves 38 kids in flooded bus new York up thirty a i g i t kindergarten children trapped in a school bus in Cen trial Park by water surging from a ruptured main were save from seven feet of rising water Friday by a human Chain of 13  credited Quick action by a passing Motorist who alerted them and disappeared with averting a tragedy. Sixty one persons were treated for exposure at Roosevelt Llo spi Tal and later released. They in eluded the children the police men nine adults on the bus am a woman whose mini bus also became stalled in the water. Police were Able to remove the Panicky children before tin water Rose to the roof line o the bus. Now however the situation Las become critical. Inflation Las gripped the United  those dollars left in the hands of foreigners won t buy Smuch As they once did. As a result foreigners have been turning their dollars intone Bank of England which acts is the . Agent. What action can be taken deflate the american Economy. Cut spending. Raise tax Sand interest rates. In other words show the world that the United states is going to Cut inflation Stop diluting its dollars. Restrict american spending abroad keeping dollars out of foreign  the ties to Gold. Let Gold go its own Way and Good rid dance. This would mean that the Dollar s value would float i relation to other currencies. It would be Worth whatever the demand for it dictated. Refuse to buy Gold. This i effect would be a declaration that the Dollar was Strong an that it instead of Gold should be used As the  a split Price for Gold. This would mean a free Market for speculators and an other Market for monetary  that backs currencies would be sold Only to Centra Lbanks. It would continue to be pegged at $35 an  the Price of Gold. If the Price were doubled for example this would in effect place twice As much Gold in Hie hands of the United states reducing the Chance of the nation run Ine out of Gold