Show II INSIDE INSIDES 1 STUFF TUFF S By By PAUL MALLON I LLON WASHINGTON Feb Certain 9 J highest new dealers have a grand unannounced sch scheme me for lor- financing American exports E They Intend to work it through that S looking Innocent little littie export b bank r recently s started tar t e d f More kore Mon Money y here her by by the adt adte ad- ad t te t. Be Loaned ministration That for lor Commerce bank is being ort organized or or- J t d to extend d dr r credits for tor forthe of off i tt to Russia the purchase f t Ameri American an g goods ds At J least that was jt What the he White White Ho Rouse House se anno announcement announce announce- nce- nce ment nent said It n failed to hint that anything any any- i 7 thing beyond that was contemplated I 1 Now Mr Roosevelt has hs received a private recommendation from rom his leading foreign foreign- trade adviser iser urging the extension of that I export bank 4 into a a. general credit financing agen agency y Others Others' ir in the n new w deal have publicly s suggested It would woul be bea a great idea ide idea In other we would lend j more Inore mone money t ito to Europe arid and South An America before we collect y 1 us us now now L LJ J I 0 In theory the tie enthusiasts enthuSIasts' have hive a r good nations c cannot cant can can- n. n i t not hot buy much here herc now without credit They ar are n not going to to get shy any great Ireat amount of or credit from bankers 4 who have been bitten bitted bittenC r Credit C e lt Need once by by- that bug Before tore G Goods Therefore th the govern govern- I C Can CaD n Be Sold ment must do the the- financing fi Ii- to help our ourI I ii- ii I farmers a mers and our export j ers We are lending and andt even giving away way money f for oth other r recovery covery purposes purOS pur- pur I poses Doses OS so sc why why not not t for It soUnded so good to Mr RooseVelt RooseVelt Roose- Roose Velt eIt when he ho first heard beard it that he Continued on Pase I INSIDE STUFF Continued from Pate One indicated confidentially to some of his bis' associates w it might be all aU right Then he got to l looking Into it There arc are indications now that he will step stop stepon on it with a hob nailed boot He cando cando can cando do it by merely confining the bank to the Russian matter and sa saying ing nothing noth noth- ing Lug more about it The defaulted war wor deb debts were largely incurred when we financed foreign purchases of war supplies here Of course coursel Should U. U S. S nothing sO so vast Is Again Quit contemplated now Other Nations but the principle I Is essentially the th the same It may be true that we stand a better ch chance nce to get back our money or orv new loans than on our old ones Also the scheme might be tied up In a a fancy way with an idea of ot getting some money on the war debts But even if the credit Is ls good the scheme is bad bod for other reasons It II pr presupposes supposes that the foreigners will buy more here than we buy from them That m means ans we will be launching launch launch- Ing a policy of making oil all the world owe us more and more money It II will make us a bigger creditor nation than we are now I I Some people believe th that t Is one of ot the main things which caused the depression The world could no longer take our surplus products or pay for them so the surpluses piled up on n our farmers a and d our manufacturers manufacturers manufacturers curtailed production and erni em ern- i I S I If It this scheme is 13 turned down Mr will be in a a. a foreign trade dilemma The one alternative ve which has been suggested on the inside is that means must be found to lo increase our imports imports im im- im ports so that we Foreign Trade will buy from the theIs theIs theIs Is Dependent world as much ason as ason ason on Financing it lt buys bus from us That is a sure way for tor us to get paid but bul it also has hu hidden hidden hid hid- den difficulties It means means Mr Roosevelt must get tariff ba bargaining powers from congress con con- gr gi gress ss and there is considerable doubt whether he can get the powers Also the imports would have to be selected with care so as not t to step on the toes of domestic m manufacturers If you find the answer to the problem lem you can address Mr Roosevelt at 1600 Pennsylvania avenue The sly treasury deportment department has suggested it Is collecting data on silver silver silo sil sil- sil ver Iver investors just Sliver Silver Probe for fun Is Started D Denials en cn I f a I 1 s shave have Just lust in Fun been made nude om- om daily dally that the administration administration ad ad- ministration contemplates nationalization national national- of silver in the same way as gold The denials are ire sincere sincere and and so is the fun Every Washington insider knows w what t it means For months now stories have been going around a out lation in the silver market Certain Certain ertain Interested parti parties s are suspected of or having started false bullish rumors about administration ad ministration intentions regarding sil sil- si- si ver Their pur purpose e m may may have been to tomake make money in the silver market Names of several more or less prominent persons persons have been mentioned mentioned mentioned men men- in that respect If the names of any government or or officials are found on that list the fun tun will turn serious |