OCR Interpretation


The Coolidge examiner. [volume] (Coolidge, Ariz.) 1930-current, May 04, 1939, Image 6

Image and text provided by Arizona State Library, Archives and Public Records; Phoenix, AZ

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn94050542/1939-05-04/ed-1/seq-6/

What is OCR?


Thumbnail for

Weekly Xews Analysis
G.O.P. Frowns on Early Booms
While Wooing Insurgent Denis
Wy Joseph W. La Bine—
EDITOR S NOTE— When opinions
are expressed in these columns, they
are those of the news analyst, and not
necessarily of the newspaper.
Politics
To stand a chance of winning
1940’s presidential election. Repub
licanism’s two biggest jobs for 1939
are <1 > stopping any premature
boom which might shatter party
unity, and <2) win support from
Democratic leaders who have aban
doned the New Deal. These objec
ti\es clash because few Democrats
will desert their traditional political
faction for nothing more stable than
the hope that a suitable candidate
can be found. But the G. O. P. is
tackling both jobs with fingers
crossed:
Candidates. Most favored presi
dential nominee is youthful New
York District Attorney Thomas
Dewey, whose sensational racket
busting record is offset in veteran
political minds by the realization
ir~
mSL x ' r
• SENATOR TAFT
. . . uelcomed an “insulting ultimatum.”
that he has no administrative expe
rience. Second choice is Michigan’s
able Sen. Arthur Vandenberg. Trail
ing far behind are Ohio’s ambitious
Sen. Robert Taft, his home state’s
Gov. John W. Bricker, and ex-
President Herbert Hoover. Since
most danger of a premature boom
centers in Washington, minority
leaders in both houses (Oregon's
Sen. Charles McNary, Massachu
setts’ Rep. Joseph Martin) are re
portedly urging their colleagues to
avoid commitments. On the G. O.
P. calendar are party dinners, each
of which will hear a potential candi
date. One such affair, originally
scheduled to hear both Candidates
Taft and Bricker, was split two
ways when Governor Bricker’s
name took greater importance.
Co&.ition. Possibility of Democrat
ic support for a Republican candi
date started during last autumn’s
"purge” and grew when President
Roosevelt plumped for liberalism
over partisanship. This season’s
rebel congress gave it more im
petus, and in late April Mr. Roose
velt told junior Jackson day cele
brants via letter that the Democrat
ic party must uphold New Deal prin
ciples to win next year.
' Seizing the cudgel, Ohio's Taft
labeled the letter an ‘‘insulting ulti
matum.” Said he at a “Republi
cans-on-the-March” banquet: “To
the President, anyone who disagrees
with him is moved only by preju
dice and ... is disloyal to his lord
and master. The Republican par
ty .. . welcomes them (anti-admin
istration Democrats) to our party
councils. There is no fundamental
difference between us which cannot .
be reconciled.”
Meanwhile New Dealers on Capitol
Hill thought the President’s letter
was highly significant. Louisiana’s
Sen. Allen J. Ellender thought Mr.
Roosevelt was asserting aggressive
leadership to block a “reactionary
candidate” in 1940. Pennsylvania’s
Sen. Joseph Guffey thought what he
had believed all along—that Mr.
Roosevelt should seek a third term.
Europe
From his Paris office, the Chicago
Daily News’ Edgar Ansel Mowrer
apparently sent first word of Der
Fuehrer s crafty scheme to devalu
ate President Roosevelt’s peace ap
peal. The scheme: Germany asked
individual nations whose peace Mr.
Roosevelt said is threatened, wheth
er ’hey felt menaced by Germany.
Said Mr. Mowrer: “It is the old
story of the wolf asking the lamb
whether it really believes that
wolves sometimes eat lambs.”
Though Mr. Mowrer’s revelations
and subsequent diplomatic maneu
vers took the edge of Herr Hitler’s
plan, democracies had little reason
for giee. In the week preceding
Der Fuehrer’s Reichstag answer to
Mr Roosevelt, both dictators and
democracies made frantic efforts to
line up Europe’s few remaining neu
trals, all of them located in the
Balkans. At negotiations’ end, the
Rome-Berlin axis had won a signal
victory by the simple procedure of
Jerking a keystone—Jugoslavia—
from under the tottering Balkan
entente. Hemmed in north and
south by Hungary and Italy respec
tively, the Belgrade government
joined Germany, Italy, Spain, Hun
gary. Japan and Manchukuo in the
anti-Communist allance, framed a
! mutual defense pact with Hungary
| and began leading a new pro-Fascist
j Balkan entente in which Bulgaria
will be a member.
For remaining Balkan states this
constitutes a menace. Rumania
becomes the focal point, wooed des
perately by democracies as the last
hope of stopping a solid dictator
front in southeast Europe, yet in
clined to conform with Nazi de
mands on pain of invasion from
land-hungry Jugoslavia, Hungary
and Bulgaria.
Deeper in the Balkans, British-
French alliances with Greece and
Turkey may meet similar fate.
Though expressing gratitude to the
democracies for guaranteeing her
integrity, Greece has announced she
seeks to remain on a friendly basis
with the Axis powers who now
threaten her entire northern front
via Albania, Jugoslavia and Bul
garia. Meanwhile Turkey has given
Germany a contract to build her
$12,000,000 new naval base and
granted Lufthansa, German airline,
' an operating concession.
With the Balkans apparently lost
to Naziism. Britain’s last chance for
anything like a parity of European
power lies in the last-resort military
treaty with Russia. The unexpected
return to Berlin of Ambassador Sir
Nevile Henderson has given rise to
belief that Britain man seek peace
with the Reich rather than accept
a Russian pact. Furthermore,
France’s move to return her Ger
man ambassador, coupled with ru
mors of U. S. trade concessions to a
peaceful Hitler, produces a world
wide atmosphere suspiciously like
the long-since discredited instru
ment of “appeasement.”
Relief
Workers Alliance is a WPA union
which thrives mainly on contribu
tions from a reputed 400,000 (out of
2,756,000) U. S. reliefers. From its
Washington headquarters go fre
quent mimeographed statements for
newspaper men and persistent lob
byists to plague Capitol Hill. Os the
latter, most famous is Theodore Oz
man who had his face slapped by
Georgia's fiery Rep. E. E. Cox dur
ing debate on the $150,000,000 de
ficiency relief bill. Workers Alli
ance’s most famous officer is Pres
ident David Lasser, who last year
drew from Aubrey Williams, then
deputy WPA administrator, a terri
ble pre-election statement for WPA
consumption: “We’ve got to keep
our friends in power . . . The men j
you are going to (elect) should be
those who stand for projects such
as WPA sponsored.”
Though Harry Hopkins squelched
further Williams outbursts, David
Lasser’s reliefers no doubt took the
Williams advice. Whether their
vote was big enough remains to be <
—-r-’v .If
Ia Sy.-.y :•"&/, ,
" ~ -S.. -JO
DAVID LASSER
Congress fears his union.
seen, for now pending in congress
are measures to toss relief back
into the states’ lap, to junk all
present agencies for a new federal
unit, and take politics out of relief.
Workers Alliance is primarily inter
ested in the latter.
Chief puzzle facing West Vir
ginia’s Rep. Clifton Woodrum and
his relief subcommittee is whether
reliefers should or can be denied
the right to organize for a patently
political purpose. Already on rec
ord are several disturbing facts.
Samples:
(1) Though David Lasser denied
he is a Communist, most official
Washingtonians rate him distinctly
pinkish. Workers Alliance Secre
tary-Treasurer Herman Benjamin
boasted to committeemen that he
has been a Communist for 20 years,
also that he reported personally to
Moscow last year on the Alliance’s
activities.
(2) Alliancers have threatened
and may some day exert pressure
on congress. When President
Roosevelt asked an $875,000,000 de
ficiency relief appropriation, the Al
liance asked $1,000,000,000. Congress
coughed up $725,000,000. When the
White House asked restoration of
the $150,000,000 cut, Mr. Lasser
turned on heat and threatened to
ballot all reliefers on a protest march
to Washington.
Probable outcome will not be an
attempt to dissolve the Alliance,
but a hastening of back-to-the-states
legislation in the hope that individ
ualized relief setups will give the
union less chance for a unified na
tional front. *
DATE BOOK
MAY 14—Mother’s day, with
Golden Rule foundation honoring
Mrs. Ilias Compton of Wooster,
Ohio, as “American Mother for
1939.”
MAY 15—King George and
j Queen Elizabeth of Britain ar
rive at Quebec for North Ameri
! can tour.
MAY 17—Germany to conduct
one-day census with 750,000 volun
tary workers, expected to show
accurately for first time the ex
tent of Jewish emigration.
MAY 30—Generalissimo Fran
cisco Franco’s triumphal entry
into Madrid, accompanied by
Italian and German troops. Ital
ian Count Galeazzo Ciano and
German Field Marshal Herman
Goering expected to participate.
Asia
Primarily an exporter of cheap
substitutes, Japan’s foreign trade is
normally unbalanced on the debit
side since total value of exports falls
short of total imports. Biggest sin
gle export, however, has been
precious silk to the U. S., a SIOO.-
000,000 annual trade which brings
an average of SSO to each of 1,815,-
246 Jap families raising cocoons as
a sideline. But recently U. S. chem
ists perfected nylon, a synthetic
substance which threatens to re
place Japanese silk. An important
discovery in itself, nylon has upset
Nippon’s business applecart far
enough to precipitate a major indus
trial revolution. With cotton imports
curtailed and its U. S. market dis
appearing, Jap silk production will
become smaller and sale restricted
to domestic markets.
Thus forced into even greater self
sufficiency, Japan has launched a
three-year program of industrial ex
pansion with the double purpose of
giving its people hope and informing
other nations of its strength. Sam
ple production increases: Magne
sium, 1.000 per cent; artificial gaso
line, 800 per cent; dehydrated alco
hol, 1.200; w’ool, 200; steel, pig iron,
machine tools, 100.
Noteworthy is the heavy emphasis
on iron ore and gasoline, both of
which have been purchased entirely
abroad, and both of which will be
needed the day Japan tackles Russia
in a great Asiatic war. Sampling
its first fruits of conquest, Tokyo
will depend largely on Chinese and
Manchukuoan resources.
T ransportation
On some future date all U. S.
motorists may be forced to insure
against public liability and property
damage, a coverage at once most
essential (to protect fellow motor
i ists) and most ignored (because of
high rates). Originally a rich man’s
insurance, “P. L. and P. D.” was
offered mainly by 37 member com
panies of the National Bureau of
Casualty and Surety Underwriters,
who eventually began losing busi
ness to newer, lower priced com
panies. To recover business, bu
reau firms have just effected new
low prices in 30 states, cutting 20
to 25 per cent from rates charged
private motorists. Thus a down
ward price trend has been stimulat
ed, which may eventually place li
ability rates at a point where state
legislatures can make this coverage
mandatory without suffering undue
criticism.
Aviation
U. S. isolationists to the contrary,
each European dictator encroach
ment apparently has its repercus
sions on this side of the Atlantic.
Looking ahead, observers are now
sizing up the results-to-be of a very
likely dictator coup, the unification
of Portugal with Spain through an
externally inspired revolution.
Two Portuguese landmarks, the
Azore islands and Lisbon, are vital
stopping points on the southern
route of Pan-American’s transatlan
tic air service which is scheduled
to start this spring. Over nearby
routes from Europe to South Amer
ica fly German and Italian lines !
which would like a slice of lucrative |
U. S.-to-Europe air business.
Since Spain’s puppet Dictator |
Francisco Franco would share Por
tugal’s spoils with his two friends,
Germany and Italy, those two na
tions would gain aviation rights at
Lisbon and the Azores, thereby hold
ing a monopoly over south Atlantic
airlanes. Still open to U. S. boats
would be the northern route from
New York to Southampton, excellent
in summer but risky in winter.
Trend
How the wind is blowing . . .
CENSORSHIP?—Effective June
7, the British government will as
sume complete control over the
British Broadcasting corporation,
strictly supervising all news bul
letins and launching an army-re
cruiting campaign.
IMMIGRATION—InfIux of ali
ens to the U. S., at low ebb dur
ing the depression, is on increase
with Jews leading the pack. Fig
ures: 35,000 Jews have entered
in the past three years.
WEATHER U. S. winters
have grown milder since 1900, but
trend will soon be to cooler, wet
ter phase of weather with more
rain in summer and lower tem
peratures in winter. Authority:
J. B. Kincer, chief of U. S. weath
er bureau’s climate and crop
weather division.
THE COOUOGF. EXAMINER
Buy Wash Fabrics That Are
Fast Color, Non-Shrinkable
By CHERIE NICHOLAS
yßtt/BB&sßßsMis jgs. HI -1
IT IS no wonder that smart cot
-1 tons and other wash materials
have attained to dizzy heights of
styte prestige, which is especially
true this season, for they are amaz
ingly lovely and versatile, and tune
to every occasion, formal or infor
mal.
However, their attractiveness is
by no means their chief lure, for
the really grand and glorious thing
about most modern washables is
the promise they carry of being both
fast color and non-shrinkable. Mod
ern science has worked miracles
In this particular. Which should be
particularly encouraging to mothers
who are outfitting little daughter
with pretty new dresses for spring
and summer. For peace of mind it
is only necessary to demand, when
buying wash materials, the kinds
that carry non-fade and non-shrink
assurance.
The materials that go to make up
the charming dresses pictured take
on added interest when you know
they will not fade neither will they
shrink. For everyday wear in class
room and happy carefree hours
of the day the shirtmaker dirndl
type dress shown to the right
couldn’t help but satisfy the pride of
most any little style-alert girl. It
is made of a sanforized-shrunk slub
broadcloth in a smart triple stripe
design, with white collar and trim
on the sleeves.
Shopping in wash-fabric sections
these days is as refreshing an expe
rience as walking through gardens
abloom with spring flowers. The
Swiss voile florals especially make
you feel just like that, they are so
Yoke and Pleats
Pleating continues to add infinite
charm to the majority of print silk
dresses. Here is a fashionable Per
sian design silk print in bayadere
striped treatment. The silk for this
attractive afternoon frock has cool
lime green and black as its color
scheme. Novel pleating lends in
terest to the skirt front. The patent
leather belt of corselet interpreta
tion repeats the colors of the print.
Notice the waist is made with a
yoke which is a styling greatly em
phasized this season.
realistically flower-patterned in col
ors that are breathtaking in beauty.
If there is one sort of frock more
than another that will make a dainty
little maiden look her prettiest
it is a dress of flower-printed sheer
and to prove it the adorable child to
the left in the picture says inviting
ly, “look at me!” She is wearing
a dress of fairyspun lawn, which,
being pre-shrunk, will wash like a
dream, and what’s more the beauti
ful print is fast color, assured by
the use of vat-dye. You can get
these dainty, sheer lawns in the
newest color schemes, both in flow
ered and conventional patternings.
The shops show dresses made up
that are surprisingly inexpensive,
and so pretty you will want several.
Which all goes to show the chic,
the charm and the dependable wear
ableness of the wash materials that
go to make up the new showings.
By the way, had you heard that ging
ham is making style-high fashion
news for spring and summer? Not
only are little girls wearing it with
their usual enthusiasm for this ever
attractive and colorful wash weave,
but mother and big sister are order
ing tailored suits made of it, for
fashion decrees gingham as fashion
able to wear about town, at the
club and to bridge parties or wher
ever you go during the active rounds
of the day. Gingham also is the
“pet” of the teen-age for party and
prom evening frocks.
Speaking of frocks for party wear,
when you go fabric-seeking be sure
to look over the showings of cloque
organdies.
© Western Newspaper Union.
[ Ribbon Ruffles to
Trim Chanel Suit
Chanel trims a superb dressy suit
with applique of tiny ribbon ruffles,
around the collar, down the front,
and around the lower edge of the
jacket and sleeves. The jacket
doesn’t meet, so a sparkling white
gilet shows at the front. The skirt
is slightly gathered and has a row
of ribbon applique down the front.
. From Molyneaux comes a suit that
combines a rose-colored box jacket
with a skirt of soft brown. The
jacket has revers and pockets of
brown.
Hat Shapes Most
Important Item
This spring the shape of a hat will
be more important than its trim
ming. Straws are spreading out.
enormous brims in odd shapes—pa
lettes, or shovels or fans. Others,
halo style, are tied on with ban
danas, mammy style. Doll hats—if
you still like ’em—in straw with
stiffly starched veils; the inevitable
school girl sailor; felts, their crowns
blocked in odd shapes; straws with
brims like royal crowns, will all
be good.
Due for Comeback
Apparently scheduled for revival
is the young-looking “baby blouse”
in batiste and sheer.
Sheer Formality
A favorite for formal afternoon
clothes is silk organdy in many in
teresting variations.
Skirts Are Shorter
Seventeen to 20 inches from the
floor is the correct length for skirts
this spring.
Eruckart’s V/ashington Digest
Restore Jobs by Helping in Sale
Os Products of Farm and Factory
That Is Philosophy of Head of Export-Import Bank
Which Is Doing Good Work in Financing Trade With
S. America; Outstanding Commitments 229 Millions.
By WILLIAM BRUCKART
WNU Service, National Press Bldg., Washington, D. C.
WASHINGTON.—“I am supreme
ly confident of one thing—we are
making a dent in the job of getting
back some of our foreign trade
that was lost to other nations in the
last few years. Nobody can be sure
that we ever will get all of it back,
but I am hopeful because this little
institution of ours here is showing
• that it can function safely and sat
isfactorily.”
That statement, perhaps, is the
best summary I can give of the
philosophy of Warren Lee Pierson,
the president—and pretty largely
the heart and soul—of the export
import bank. Likewise, it rather de
lineates the program of that little
known federal agency; because Mr.
Pierson is determined to see Amer
ican products, farm or factory, mov
ing as of old into the hands of users
and consumers in foreign lands.
Moreover, to analyze the outlook of
the man is to reach a conclusion
that he believes the way to restore
people to jobs in this country is to
assist American farms and factories
in the sale of their products.
It is curiously true that some of
the federal agencies which are doing
important work and doing it ef
ficiently are least known to the gen
eral public. They have no staff of
press agents; they seldom “break
into print,” yet they seem to be
serving all of the people well.
Department of commerce reports
have been showing how our exports
have declined through many
months. The records give one the
impression that the lines on the
chart, showing totals each month,
are in a race to see which one can
dive faster or deeper. I have won
dered where we were headed, as a
nation of producers. Secretary
Hull’s reciprocal trade treaties have
been getting exactly nowhere; and
have done so at enormous speed.
Secretary Wallace’s ideas for sell
ing our farm products have proved
to be nothing but dreams and, like
dreams, they vanished the next
morning, except that perhaps the
next day Mr. Wallace’s publicity
staff announced another plan.
Solution of Unemployment
Is to Encourage Industry
“What,” I asked Mr. Pierson, “is
the answer?”
His reply was quoted as the intro
ductory paragraph. He seemed
fully to recognize all of the difficul
ties confronting the United States
at the moment. Further, there was
every evidence that Mr. Pierson is
! one of the few officials of govern
ment who are aware that the solu
tion to our unemployment problem
is to assist industry so that it can
re-employ workers. Unless indus
try can be encouraged, it appears
that the nation is going to continue
with 10,000,000 unemployed as it has
for the last few years. I found it
refreshing, therefore, to hear Mr.
Pierson talk about how a few dozen
large factories have been kept open
and with relatively full payrolls be
cause the export-import bank was
able to help foreign buyers who
wanted American products but
could not pay cash for them.
For reasons that I will mention
subsequently, however, I had some
misgivings about the operations of
the export-import bank. I doubted
that there would be repayment of
money advanced by the bank.
“Well, the default is a thing that
happens to a greater or less extent
wherever credit is extended,” Mr.
Pierson explained. “If there were
never any defaults, there would be
no risk atached to banking busi
ness. But, unfortunately, that ele
ment must be taken into considera
tion. The fact that there is credit
risk is why this export-import bank
was organized. Os course, there
were other reasons, but the instabil
ity of some foreign governments,
the lack of exchange and such con
ditions made it necessary for our
government to step in and help
those who are trying to export
American-made goods.
Collateral Behind Notes
Is Guarantee of Payment
“It is to be remembered that
goods for export go in larger quan
tities and that necessarily larger
sums of money are needed to han
dle the transactions. In addition,
we have found that, in many in
stances, the buyers were what can
be termed as good credit risks, but
they were unable to make payments
of such large sums at one time.
Nor were the American manufac
turers able to wait for three or four
or five years. To do so would ex
haust their resources. That is where
we come into the picture.
“Take a case like this: A South
American railroad company wanted
to buy some locomotives. Those
things cost money. They wanted
American engines. But they wanted
to pay the bill on an installment
basis. We agreed to take about
60 per cent of the notes. Com
mercial banks with which the man
ufacturer was dealing agreed to
take over the remainder on a short
term oasis.”
All of which sounded very well.
But having watched the negotiations
with foreign governments over re
payment of the loans made by the
United States during the World war,
I had some misgivings. It seemed
that here was another agency doing
exactly what Mr. William Gibbs Mc-
Adoo had done as secretary of the
treasury during the World war. In
other words, the futility of ever ex
pecting a payment on foreign loans
rather had been impressed upon me.
I told Mr. Pierson of my feelings.
That cannot be so in our case,”
he explained. “We have collateral.
We have ways of collecting. There
are guarantees behind the notes we
have received, for example, in the
locomotives. We have no fears at
all.”
The guarantees, the collateral,
about which Mr. Pierson spoke, I
learned, were in the shape of a bank
endorsement. That is to say, one
of the South American banks, with
deposits in New York and other
large cities in the United States, has
added its promise to pay to the
promissory notes given by the pur
chaser. Mr. Pierson did not say
so, but it became readily apparent
to me that, should the South Amer
ican nation concerned decide to for
bid payments to foreigners, as has
happened before, the export-import
bank, if need be, could grab for the
South American deposits in this
country. Mr. Pierson gave no inti
mation that such a course had en
tered his thoughts.
Concentrate on Financing
Exports to South America
At the moment, there seems to be
quite a concentration of effort to aid
in financing exports to South Amer
ica. Os course, there have been
credits arranged for several places
in Europe, too, and also in China.
Mr. Pierson is very optimistic about
future trade with China. But the
bulk of the loans have been in con
nection with South American propo
sitions.
And the fact that the export
import bank is paying so much at
tention to South America is impor
tant in another way. The fascist
dictators, Mussolini and Hitler, are
driving hard to gain trade footholds
in South America. Having the type
of government Germany and Italy
have, it is easy for them to make
any kind of arrangements desired
by using whatever government re
sources are necessary. It strikes
me, therefore, that if the export
import bank is making that dent
about which I quoted Mr. Pierson in
the opening sentence; if it is gaining
a toehold in South America against
the high-pressure methods employed
by the dictators, then it is perform
ing a great service for the citizens
of the United States. It is conceiv
able, indeed, that extension of cred
its in the manner described might
possibly be the means by which
North and South America can be
tightly bound to each other in war
as well as in peace.
There is another thing about the
export-import bank that impressed
me. It is operating on borrowed
money, of course; and the taxpayers
will have to make up any losses be
cause the federal government ob
viously is morally bound to pay off
the bank’s bonds if it were to col
lapse. But thus far in its life, the
export-import bank has had no
losses. Thus far, it has been able
to pay all of its own expenses out of
the interest charged its borrowers.
Export-Import Bank Stands
To Make Large Profit
And important also is the fact that
in the current year, barring un
foreseen developments, the export
import bank stands to make a profit
of something like $5,000,000. That
ought to be good news to taxpayers
during an era when spending money
is the first thing to which attention
is given. I believe that fact will im
press you as much as it impressed
me.
Mr. Pierson told me that the bank
has made commitments, now out
standing, of slightly more than
$229,000,000. That is to say, the
bank has agreed to help finance ex
ports to that extent, provided the
terms are met, and it must not be
overlooked that the bank is rather
hard boiled. Mr. Pierson pointed
out that the export-import bank had
to be really as careful as any com
mercial bank, but it can do some
thing the commercial banks cannot
do—make longer-term loans. Those
are the loans represented in the
$229,000,00.
The figures showed that $67,000,-
000 actually has been paid out
to borrowers in financing foreign
trade and, of this amount, repay
ments under the terms of the loans
have amounted to $38,000,000. Which
is to say that of the loans outstand
ing, well over half have been liqui
dated in orderly fashion.
That is the record to date, and
Mr. Pierson repeated that a dent
has been made with a comparalive
ly small sum of money.
© Western Newspaper Union.

xml | txt