Suggestive Professor

Because he has several times been Finance Minister, a mere suggestion let fall last week by Professor Englis of Brno Law School was enough to force down 7% on international exchange the Czechoslovak crown which has remained rock firm on gold for the last twelve years.

Professor Englis' suggestion: let Czechoslovak importers be penalized by forcing them to pay 30% above current rates for the foreign currency they need to buy their stock in trade; and let crowns be sold 30% below par to foreigners who purchase them to buy Czechoslovak goods.

In Vienna news of the Englis suggestion caused foreign holders of Czechoslovak crowns to dump their hordes frantically. At Prague the Czechoslovak Government tartly declared that "Professor Englis' suggestion is far from being realized," emphasized that only two days before Czechoslovak Foreign Minister Eduard Benes ("Europe's Smartest Little Statesman") had affirmed once again that the crown will not be taken off gold.

To the great Skoda Munitions Trust of which Dr. Benes is a director went last week a 100,000,000 crown ($4,000,000) order from South America and "an Oriental country" understood to be Japan. At once 1,000 unemployed Czechoslovak munition mechanics hustled back to work.

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