The Gold-Disposal Plan or--A Case Of Geographical Discrimination
MAY 01, 1960 by H.P.B. JENKINS
Economist at Fayetteville, Arkansas
It was a windy afternoon
At story-telling time.
Old Kaspar shut the windows tight
and poured a rum-and-lime,
While Peterkin and Wilhelmine
Looked at the colorvision screen.
They saw a pier where armored trucks
Were stopping at the slips
And dumping loads of yellow bars
Beside the foreign ships,
Where men with solid wooden crates
Were standing by the loading gates.
"Now tell us what it’s all about!"
The little children cried.
"It is the Gold-Disposal Plan,"
Old Kaspar soon replied.
"The Federal Treasury has sold
A few more tons of surplus gold."
"Did we get paid for all that gold?"
Asked little Wilhelmine.
"The buyers paid," Old Kaspar sighed,
"In dollars long and green.
But since they live in foreign lands
We put the dollars in their hands."
"Would Uncle Sam sell bars of gold
To simple folks like us?"
"If we lived overseas he would,
With no delay or fuss.
But selling gold to people here
Would wreck the Money System, dear."