Show Economic nic Highlights hl Happenings that affect the dinner pails dividend checks and tax ta bills of every individual Na- Na Nation Nation Na tion and international problems problems lems inseparable from local welfare A not wholly unjustified tradition tra- tra tradition tra has grown up both here and abroad that European diplomats are pretty smooth stuff and that American public men are arc so many mani babies in the woods when it comes come to dealing with them Its It's possible that that thought was in the mind mine of Russia's shrewd experienced Litvinoff when he climbed the th steps of the White House to con con- confer confer fer for with President Roosevelt over American American- Russian American Russian recognition If so BO Mr Litvinoff soon became sadder and wiser lie He found him him- himself himself self confronted by an excellent trader horse trader horse a suave polite horse hors trader with a accent t be sure but a trader horse-trader never never- nevertheless nevertheless When Mr Litvinoff had hac announced that so far as he was concerned the negotiations could coul be concluded in half an hour he h found them extending on through the days Upshot was that the year 16 breach between two of the major powers was ended with the United Unite States on the long end of the deal dea so far as most of its demands demand were concer concerned ed Points of the treaty include Waiver b by the Sovi Soviet t of all claims growing out out of th the famous Siberian expedition ex of 1918 a guarantee against official cial Soviet propaganda in this thi country another guarantee against official Soviet propaganda in this country another guaran- guaran guarantee guarantee tee teo against the formation of any an group roup of designed to chan change e the government of the United States fair and prompt trials for Amen Ameri- Americans Americans cans erring a against Soviet law guarantee of the free exercise of religious beliefs of Americans American resident in Russia Little mention is made of trade relations and do- do details tails concerning them remain to tobe tobe t be worked out First American to present himself to steel jawed steel eyed eyed steel steel Number 1 dictator of the world Stalin whose adopted name means Stool will be William C Bullit wealthy young oung Socialite who has written a sophisticated novel satirizing Park a popular song songor songor songor or two and has been the State De- De Department's De Russian expert One of Mr Roosevelt's bright young men he was instrumental in bringing about reco recognition and is consider consider- considered considered considered edan ed an excellent choice Colorful dramatic important all bizarre all these adjectives fit the November 11 il elections They demonstrated that the Am- Am American American Am American people are arc still in a belli belli- belligerent belli- belli belligerent belligerent gerent mood mood-as mood as they demanded and received a change in National Administration a year a ago o they demanded and received many changes chanles in municipal administration administration administration tion Main counts on which old machines were thrown out were inefficiency high taxes graft Most important was the election in New York where fire-eater fire La- La LaGuardia LaGuardia Guardia La-Guardia Guardia who has earned a reputation reputation reputation tation as an erratic political gen gen- genius gen genius en- en enius ius decisively defeated Tam Tam- Tammany's Tammany's Tammany's many's OBrien O'Brien and the Recovery tickets ticket's McKee For the first time in 20 years the Philadelphia Rep Rep- Republican Republican Republican I machine was overthrown Republicans won in Cleveland and Pittsburgh h Nowhere did partisan spirit seem strong the demand was for a new municipal deal and the cards were shuffled tirelessly Also important were proposals for communities to go into the power business Public ownership advocates believed that govern govern- government government ment mont power development at Muscle Shoals would assure them sweep sweep- sweeping sweeping sweep sweep-ing ing victories But when the votes were counted results were mix mixed and the expected did not apparently apparently the tax burdens involved caused the voters to turn away from increased increased increased ed municipal debts Camden New Jersey which is already in debt gave ave the city govern govern- government government government ment permission to spend pend for a n power plant but this 1000 election was fought principally on the theme of unemployment re- re relief relief re relief lief rather than government own own- ownership ownership In a number of smaller towns public ownership mayors were elected city light plants au- au authorized authorized au authorized On the other hand Salt Lake City voted 2 to 1 against a light plant San Francisco followed suit as did Burlington New Jersey Cincinnati and Youngtown Ohio and various smaller towns I When it comes to com corn comI commodities commodities I woman is the deciding I factor She manages S the best of ofal ofal ofal I I al the American home The Administration in its drive for hi higher her prices is faced with definite housewifely protest against advancing costs The housewife speaks through the fi figures ures Department store sales based on dollar value and not volume have fallen steadily Mrs Mrs American had become accustomed accustomed accustomed tomed to bar bargains when they dis- dis disappeared dis disappeared appeared she stopped buying To offset this the government is hi i in- in intensifying intensifying in intensifying its campaign n to get more money into the hands hand of the public s a for business in general the picture is so 80 mixed as to be Impossible impossible impossible sible to depict accurately Some Som businesses are up some are down sedate and some som are pursuing a whole in- in industry industry in industry middle cour course On the is substantially better off than it was when the th year opened and heartening gains have been n made in employment wa wages working hours and in profits of many large corporations The dark spot in the picture still is the farm situation The best t investment ent the young man can make is in himself education tion training culture These are ar arn I investments that falling markets and changing values will never ef- ef effect feeL They will create a resource and an asset to which a man can turn as long as he shall live Home study and night schools have pre pre- prepared prepared prepared pared many n a man for breakers breaker ahead that he did not know were there while he was preparing him him- himself himself self to meet them |