Show ECONOMIC HIGHLIGHTS National and International problems lems lets inseparable from Crom Local wel fare Care It lt is not possible at this time to detail all the events and C tes res which led Jelt to Japans Japan's victories in m the Pacific lint Hut the broad outlines out 1 lines nes are arc clear dear We Ve undue underestimated the extent and the striking power of oC the Japanese air and naval n for for- ces tes es We Vc were overconfident over We did not turn the Philippines and the lesser luser islands into the kind of bastions which could have repelled a a. major attack I Farther urther we like the rest of oC the democracies es were lethargic lethargic we NO wishfully disregard disregarded ard- ard ed the writing on the wall A Accord ing flA to Walter Waller Lippman J Japan pan must have spent at al least e eighteen months preparing nA for an attack on so vast a scale lint Hut few Americans Believed ed war was Avas act actually Ita Ily coming conning in the Pacific Bri ht spot in the Philippine war has bas been the superb fighting spirit shown by hy the American and 1111 Fili Fili- Filipino pino vino troops commanded by General Gener al Ar who seems t to have SUlly fully lived Ul up to his reputation as the ablest American general I cr MacArthurs MacArthur's forces were wert tremendously tre tre- outnumbered Their equipment nt was inferior to that of the Japanese After the early days of fighting they had no air power to speak of Yet they made malIc the en enemy n en emy pay a tremendous toll in men I and material for ever every inch of round ground taken and at this writing they have entrenched themselves on Luzon island north of lost Manila Man Man- ran ran- ila and on the thc great fortress of Corregidor idor in r l Manila anila Hay and arc continuing the fi fight ht Many have wondered why Mac Mac- Arthur was not given sub substantial U U. S S. S naval aid id In III the opinion of the tile strategists it would have been suicidal for the navy to have sent major fleet forces in an attempt to save Manila Japan has big higo naval oases bases in Formosa ant and on the mandated mandated man man- dated islands some of which arc are well under a thou thousand miles from Luton Our forces' forces nearest ma major jor Base Hase is many thousands of miles away from the scene of action at Pearl Harbor Furthermore while Luzon is important it is not vital What the Allied Pacific powers must attempt to save at all costs is Singapore which is the kep to the entire Far East Hast including the rich Dutch East Indies All possible Al Allied Allied Allied lied strength IlIUS must be conserved for fordie forthe forthe the die decisive land Jand sea and air battle which will till soon take place along the Malaya Malay q peninsula ula The commanders commanders com com- manders of great reat armies a and 1111 navies navies na na- na vies must take the long IonA view and look to the winning of the war not the costly victories which might ht imperil the major campaign n. n It is 11 often said that the prime ob of tins this war ar is il is the destruction lion tion of the Nazis zi that Nazis that that once that thatis is done Japan and Hitler's other allies can CatI be he taken care eMe of in their out turn The news which comes conies of Russia is 11 immensely encouraging ing to tn the lie Allied powers The German Ger Ger- German man rout continues and 1111 the destruction des des- destruction of German Iii divisions visions and md German equipment is on an almost incredible scale The Russian command command com com- that thai it to mand 1111 no means press forward until Germany itself is turned into a battlefield And in ill Libya the British have won a 1 victory vic vic- victory tory which may prove of immense importance to the eventual winning of the entire war This country i. i is now for the first time realizing what modern war means The order freezing sales of new motor car car- carand and prohibiting the producing of cars after aher Jan Jannary Jannary January nary uary indicates the way the wind blows I It t may be he expected that our lives will he be ed with astonishing speed There will he be no luxuries at all aH and anti many seeming necessities will be he for foregone one or pro in bare hare minimum quantities At this moment we arc are spending about 25 per cent of our national in income income come collie for war purposes Hy fly the end of the year we will if the plans go KO through he be spending as m much as 50 per cent What that will mean to the civilian standard st of living livin is easily seen Yet there is ii no grumbling Right wingers ingers a and 1111 wingers left labor leaders and big higo industrialists Dem Ieni- Democrats and Republicans alike agree ree that an all out all effort with nil dl the privations entailed tl must be he matte made There i. i is much mach criticism of administration administration admin admin- methods but hut no criticism of administration pull long object objectives t tives ins It is significant t that tha t in the civil government no as in the armed armell I forces changes arc are being made in executive designed to towell I well weed out the unfit and replace them theme with men who vho will get Ket re rc suIts stilts I Time is the great factor notime now no re-I re I time to produce the instruments ts of I war and to train tain the necessary troops Jai Japan ii got ot the jump on us as Germany slid did on ou Russia and anil Britain in the early days of COli conflict t I because she had spent years preparing preparing pre pre- paring p for war while we had done clone I relatively little We have the re resources resources resources re- re sources to make up for this if only we make full use lse of the time we have left before thc ills decisive stage of the tine war is reached The Allied agreement under which the United States Great l in Russia China and more than titan a score Hore of other nations pIedA pledged cd ed themselves to make e war until complete victory is il achieved and to conclude no separate peace is vitally important It is the advance answer of the United Nations to any allY peace offers II Hitler and his hi partners may a V ha hate ha ie ill in in peace peace offers that will undoubtedly be based on the promise e that the Axis Axi has virtually won the war and that there is no use in any nation nation na na- tion bucking the inevitable le |