Show I. I Prevailing Opinions I Comment of the American Press Pre Apologetic Note Yesterday the Evening Sun ventured ventured ven yen to list lut some of the avenues avenues avenues' and viaducts to Utopia which have havo recently been proposed and to add the tho comment that a good many more o of them would probably probably ably be suggested in the ten months remaining before the elec tion Our list included technocracy technocracy technocracy racy the new deal Upton Sinclair's Sinclair's Sinclair's Sin Sin- clairs clair's E EPIC PI C the Townsend plan Father Coughlin's Coughlin Social Justice Huey Longs Long's share the wealth Alberta Alberta's Social Credit and s M the latest Senator-designate Senator Bensons Benson's production for bc use For some reason the most moat popular popular pop pop- ul ular r of ot all aU cutoffs cutoff to Utopia was omitted from the list That Ls is good old-fashioned old Inflation which involves Involve no 1 high-flown high social social so so- cial philosophy depends on no elaborate appeals to the tho humanitarIanism that lurks within us all b but t simply proposes that the amount of money available for lor everybody be increased by the use wo woot of ot a battery o of printing presses Most of ot the other schemes scheme in involve involve in in- volve olve inflation in more or less disguised die dis guised form of ot course But why inflation itself as s-s a program in its own right was overlooked we cant can't imagine unless Imagine unless perhaps perhaps' it was a consequence of at the mildly deflationary atter- atter effects after o of New Years Year's eve Baltimore Sun Real Purpose of the Nye Nyo Inquiry The real purpose of ot the Inquiry into the Morgan war loans is in danger lost to sight in a a. amass amass mass of irrelevant sensation The point of attack is not international international in in- in bankers as such The term international banker has gained a sinister sound from the attack of ot fascist us usIng using using us- us ing international bankers as a a. ared red herring to distract attention from more fundamental issues The p point int is that tha loans to belligerents belligerents bel bel- bel- bel create a v vested sted interest in this country in the success of ot otone one side or another and are not compatible with tr true e neutrality There has been clearer outline outline out out- line of the dangers of ot loans to b bel belligerents bl- bl l- l than in the letter Jetter sent President Wilson Vilson on August 10 1914 by William Jennings Jennings' Bryan then secretary of ot state Secretary Bryan objected to war loans oh the ground that they extended extended ex ex- tended the conflict by placing our credit resources resources at the disposal of ot the belligerents and that they tended to split the country into mutually hostile groups depending depend depend- lug ing on which side ea each h group had invested I Its money in He went on onto onto onto to say The uThe powerful financial Interest interests inter Inter- ests est which would be connected with these loans would be tempted tempt tempt- ed to use their influence through the newspapers to support the he In Interests interests In- In of ot the government to which they had loaned because the value of at the the security security would be di directly directly di- di affected by the result of t the war All Ali of ot this influence would make it all the more difficult f for forus forus r rus us to maintain neutrality as our action on various questions that would arise would affect one side or the other and powerful financial financial finan finan- cial interests would be thrown into the balance Morgan in his statement to the Nye Nyo committee stated that his firm placed in war orders for tor the British and French governments in this country makIng making mak- mak ing on their 1 per cent commission These figures and the wide ramIfication ramification ram ram- of ot businesses touched by these orders and the profits profiLe on them give a glimpse of ot the tremendous tremendous tre tre- vested interest that war loans and orders may build up Certainly a ban on loans to belligerents bel bel- bel is the safest course for forthe tho the American people unless they wish to see see more American boys spill their blood to make the tho world safe for lor democracy and democracy and war ar profits Philadelphia Record Dead and Mourned The A A A is dead Dead in its entirety and dead in every single detail Dead as ns the proverbial door nail naU There can be no question about that Justice Roberts in writing the supreme courts court's opinion opinion ion of ot that effort to drag agriculture agriculture ture out of ot the slough of ot bankruptcy bankruptcy bank bank- makes malies it very plain that it isn't just partially dead but completely thoroughly eternally dead That there will be great mournIng mourning mourning mourn mourn- ing in the farm belt over Its It demIse de- de miss mIse need not be said With all its lu faults a agriculture loved oved it dearly and those interests In the farm states who appreciate the reliance o of these states on farm prosperity for their theIr- own prosperIty prosperity prosper prosper- ity felt well disposed toward it for the part it line has played in the promotion of recovery Omaha recovery Omaha World B Decking Backing Up p Mr Hoover It might be possible for lor the Republicans to convince the country that tha Mr Roosevelt ought to be voted out in 1936 But not even an angel of light could convince convince eon con con- vince the people that either Mr Hoover or some things thinKs he represents should be e voted in is n. n If It the Republican le leaders ders undertake to vindicate the Hoover adminIstration administration administration adminis adminIs- in the opening campaign they will be in serious danger of losing some of the half halt dozen states they carried in 1932 Okla Okla Oklahoma homa City CItE Oklahoman New Factors in Warfare Moving vaguely but ominously in our speculation upon the crisis created by adventure in Ethiopia are the new elements of warfare warfare- the airplane the submarIne submarine submarine sub sub- marine and most mysterious atall of at all the radio wave Marked or unexpected advantage in any amy of ot these might conceivably decide the military issue create a new balance of power and open a new stage of ot history The possibilities in this field of ot warfare even at the most conservative conservative con con- estimates estimate introduce the gravest elements of ot uncertainty into problems of ot policy for tor every government As to the radio wave we enter Into a a. region where the romantic Imagination of oC the layman has almost no restraint by knowledge and will conjure up all sorts aorta of exciting possibilities as it has I done with war Wt chemistry and I even the airplane and the sub sub- marine Nevertheless the possibilities I o of radio dynamics are believed by scientists to be great and it is II certain that they will bo be exploited ex ex- I for lor military purposes purpose It ItIs Itis Is It at J least ast worth noting that Marconi perhaps the greatest ex- ex l 1 this field is Is' Isan an Italian and now hard at work f for r the government in his hi lab lab- oratory It Is b not fanciful to suggest that he may perfect a novel use o of radio which would have an Important Influence on the immediate situation with unpredictable unpredictable un un- un predictable but far reaching consequences consequences consequences con con- sequences in the art of ot war and andIn andin andin in political relations Chicago Tribune Railway Shrinkage The railroads of ot the United States which reached their peak o of mileage in 1916 1918 with miles of ot track have since then lost miles mUes according to the annual at statistical Issue o of the Railway Age In 1935 only 45 miles were built while 1843 miles were abandoned While no single reason accounts for all this abandonment nt of rails since 1916 there is no doubt that thata a large part of the loss has been due to the comp competition of mot motor r rt t trucks running on tax b built Ut highways high high- ways As a hypothetical question what would be the effect on the country if It this kind of ot competition tion should extinguish all the th railways Could we do 40 o without the rails For when all 11 Is said and done some some of the services performed by the rall railroads oads cannot practically be bl performed by the motor trucks San San Francisco Chronicle |