Salt Lake Telegram | 1941-10-09 | Page 6 | News behind the News

News Behind the New News From New York and Washington Telegram Correspondents Correspondent J British concession that they do not have sufficient military I personnel to invade Europe has precipitated fresh talk of an American expeditionary force Word that Moscow is irritated by the U. Anglo-U. S. S failure to distract Hitler by attacking him in the west has had effect But one group of military experts experts ex ex- deprecates such suggestions This is the general staff When armchair strategists from Capitol Hill or elsewhere voice the proposal they are referred to an authoritative work on that subject It is entitled THE WAR WITH GERMANY and was written for the war department department department depart depart- ment by Leonard P. P Ayres the Cleveland economist who served as chief of the statistics branch during the World war Ayres recalls that in 1917 1918 we moved to Europe 2000 men and tons of supplies supplies almost almost four tons per man More than half were transported in foreign ships in including including in- in eluding those of nations now aligned with the axis The troops landed either in England or France for a rest for further training or to obtain equipment The allies had command of theseas theseas the theseas seas and there was no real threat from the air There was was no real resistance at ports and docks Our factories had been making war materiel for three years rears previous to to- the overseas movement There may yet be anA anA an anA A E F but those who ought to know maintain that the idea is fantastic under existing circum circum- stances The securities and exchange commissions commission's ruling that public utilities obligations must be besold besold besold sold by competitive bidding Is coming under increasing ever-increasing attack In New York While the utilities oppose the system it is not they who are campaigning against the regulation Investment Investment Investment Invest Invest- ment bankers and life insurance company executives are taking the lead and are making an in interesting interesting in- in case I The Intent of the S SEe E B C order was to make certain that electricity elec gas telephone water and similar corporations should obtain the greatest possible capItal cap cap- ital return from stock and bond issues by forcing open com corn petition and preventing deal deals under the table The utilities' utilities opposition at the time was discounted dis die counted because of publicity given to instances in which certain certain tam tain holding company group had abused their prior freedom freedon from federal restraint But now the buyers who vho were wen supposed to be benefited are ari reiterating the dislike the ther voiced at the time Strangest perhaps is the fact that strong stron opposition is coming from th the very companies which are In ii position to make financial hay bay under the sunshine of the S SE SECs SEC's E EC's Cs C's smile Lewis E D. D Douglas Douglal time one-time member of Mr Roosevelt's ROOM ROOM- velt's official family and n nw nil f president of the Mutual Life We Insurance company questions question the soundness of the enforced competition competition although although his concern Concern con cern has just shared in pun pur chase of a American AmericaS Telephone and Telegraph company com corn pany issue which it might no soot not have had otherwise