Army & Navy - Deflated Soldier

The well-paid U.S. soldier, who has found himself a rich man in most of the foreign cities he has visited, had a rude shock last week. He discovered that in both Paris and Brussels he was little better than a pauper.

In both cities, prices had skyrocketed so far under Nazi-managed inflation that the franc was worth something like 1/10 to 1/5¢; and G.I. Joe (by agreement of the U.S. with its Allies) draws his cash in francs at the rate of 2$ a franc.

The New York Herald Tribune's John O'Reilly reported of Paris: "This correspondent was talking to some...