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Show j Wwkly IWws llevii'w 1 Britain Feared Capitulating In Czech-German Argument I lly Joseph W. LaHinc ' Foreign At his office in Fleet street, Publisher Pub-lisher Geoffrey Dawson decided that wisdom was the better part of valor. val-or. Next morning his London Times put in black and white what England's Eng-land's conservative Cliveden set has thought all along: That Britain had best let Adolf Hitler cede Czechoslovakia's Czecho-slovakia's Sudeten territory if no other settlement would satisfy him. Nor did Der Fuehrer appear content con-tent with anything less. While nervous nerv-ous France protested such an idea and rushed troops into her amazing Maginot line like gophers rush to their holes, all eyes converged not on London or Prague, but on Nuremberg Nur-emberg where the Nazi party was holding its annual congress and clam bake. There, Chancellor Hitler found the spotlight's rays pleasantly warm. In the first of his eight speeches he made clear Germany's determination determina-tion to be supreme in southeast Europe. Eu-rope. To Czechoslovakia these were frightening words. Immediately Sudeten Su-deten Leader Konrad Henlein was handed the "fourth and final" list of concessions which he rushed un- ! , " 41 ! N" r - i , i f . - ' rv k. . ,W ?i " -. X AMBASSADOR HENDERSON' lie wouldn't go home, opened to Nuremberg. Same evening eve-ning Fuehrers Hitler and Henlein opened them, found satisfaction for every demand except (1) establishment establish-ment of a one-unit government for Sudetens and (2) freedom fur practice prac-tice of Nazi ideology. Prage's concessions might have been sufficient a week earlier, but shrewd Adolf Hitler now saw a chance to take the whole hug. Britain, Brit-ain, anxious to avoid war at all cost, had capitulated, unofficially admitting admit-ting she was willing to sell Czechoslovakia Czecho-slovakia down the river. And by midnight another unexpected joy had developed, so Important that Konrad Henlein was sent scurrying back home with orders to hold out for complete surrender. At Machrisch-Ostrau, In Sudeten territory, Czech mounted policemen had horsewhipped a noisy crowd, striking a Sudeten legislator on the shoulders. While apologetic Prague hastened its investigation, the incident in-cident offered Konrad Henlein a new chance to play the role of martyr. Next day, with all odds in his favor, fa-vor, Der Fuehrer could afford to assure the world of hi3 peaceful Intentions. In-tentions. While Nuremberg's show continued, he received Germany's foreign diplomatic corps, including France's Andre Francois-Poncet who suggested: "Democracies are not exactly lauded at the Nuremberg Nurem-berg congress, but their emissaries usually feel welcome." Answered expansive Adolf lli'.l'-r: "I hope to continue to make the ambassadors feel welcme, and I also hope that during my regime no mother will have cause for wet eyes on account of any action of mine." Most foreign envoys left after the reception, but not Prilain's Sir Nevile Henderson. Ihi stuck around like a guest who won't go homo, trying to corner cither Der Fuehrer or Foreign Minister Joachim von Ribbentrop. If he succeeded, Germany Ger-many would learn that GeulTrey Dawson was only fooling, that Britain Bri-tain still meant business. Aviation U. S. commercial airlines could not operate without government mail subsidy, but since 1!K!1 even that assistance has been insufficient to prevent huge deficits. Part of the Infant industry's trouble lias been of Ita own making, as when monopolistic monopolis-tic practices canned the U. S, army's painful experience with air mail live years ago. Throughout its brief hi;i-lory, hi;i-lory, aviation has contended with improper and vacillating government govern-ment supervision. Not until last winter win-ter did congress create a civil aeronautics aero-nautics (authority, which was organized organ-ized last month under F.dward J. Noble. Last week, CAA gave n parly. To Chicago they invited rcprcsenlatives of Zfi commercial lines fur a "get nc'iuainlcd" meeting that ended In a lecture. Led by Air Transport association's Col. Edgar S. (loi rell, nvlaton plumped for Immediate stop gap relief In tin! form of In-creased In-creased nir mail subsidies. Also outlined was n live point Industrial program which rcquiic.s C'AA's moral mor-al and financial aid. All thin was well enough, but If olrlines expected CAA to he a llnan- , cial angel, they had another guess coming. Up stepped Member Harl-lee Harl-lee Branch to dispel, once and for all, any mistaken Ideas. Said he: "It seems proper to remind . . . carriers that while the authority desires de-sires that they shall receive fair compensation, no line should assume as-sume that the authority is going to dish out public moneys in any reckless reck-less or ill considered fashion. No one should be deluded with the idea that all an air line has to do ... is convince the authority it has succeeded suc-ceeded in operating at a deficit. There will be no premiums on bad management." War North of the Yangtze river, two Japanese armies captured three Chinese positions in their drive on Hankow. South of the Yangtze there was a different story, for defenders pierced Jap lines six miles southeast south-east of Juichang and forced the invaders in-vaders to retreat, leaving 300 dead. Fresh from Tokyo came 100,000 troops, determined to Intensify the campaign on all fronts until Generalissimo Gener-alissimo Chiang Kai-shek's government govern-ment is crushed. On the Ebro front, Generlissimo Francisco Franco's African Moors swept through a gap in the loyalist Cobera line, next day capturing mountain heights dominating the river valley. Domestic In Ohio, 110,000 aged people receive re-ceive federal-state assistance, which costs the U. S. social security board approximately $1,275,000 per month. In August when he ran for Democratic Demo-cratic renomination, Ohio's Gov. Martin L. Davey pointed with pride at his record. One accomplishment: Establishment of old age assistance, which has also been established in 47 other states. Three days before the primary. Social Security's Director Frank Banc charged Governor Davey with using old age assistance to get votes. Though the governor was defeated, de-feated, that did not stop Social Security Se-curity from sending out Investigators Investiga-tors who last week reported to Ch.airman Arthur J. Altmcycr. At a hearing from which Martin Davey pointedly absented himself. Social Security claimed that (1) requests re-quests for old-age aid addressed directly di-rectly to Governor Davey received preferential treV.mctit; 2) s rr.e pcnsinr.ecrs were tolj it would be "a good iJ''V- to vote for Governor Davey; 13) political and personal influence replaced the merit system in appointment of Ohio's old age personnel. Next day, Chairman Altrneyer's threat to cut o:T federal pension grants brought a sharp retort as Martin Davey answered a "dirty ""v i i ' . J X' 7 i L L ! OHIO'S MAKIIV DAVIiV " 1 ill mrfirtMuly ilirty ricn.1 politics" rharge with a dash of the same medicine: "Frankly. I do not believe you dare deprive these (Ohio's) agerl citizens of one half their scant living to support your political maneuver . . . This was surprisingly dirty polities for one who pretends to lie as righteous as yourself." Before ho ever became President, Presi-dent, Franklin Roosevelt's pet public pub-lic utilities Idea was n four-point program including (1) Gr and Coulee for the Northwest; (2) Boulder for the Southwest; (3) TV A for the Southeast; M) St. Lawrence waterway water-way for the Northeast. Boulder dam had already been built, and since coming In the While House Frankhn Roosevelt has started Grand Coulee, expanded TVA. Only the St. Lawrence Law-rence waterway Is unstarted, nor will It start until Ontario's stubborn Premier Mitchell Hepburn gives his blessing, not forthcoming until Can-nda'a Can-nda'a railroad situation improves. Without mentioning St. Lawrence, Ihc President managed last week to focun iillention on It. At Hyde Park he read reports by the war department depart-ment mid federal power commission on power needs. Then he decided an electricity shortage In ease of war constitutes "n serious threat to national security." Appointed nt once was ll special committee for furlher ntinl.v, to "llnd and recommend definite ways and ii ns of meeting tills problem." Best bet was that the St. Lawrence plan would be Hie "ways mid menus." Business Not since June, 1937, has the U. S. treasury asked the capital market for "new money," though last December De-cember it borrowed $450,000,000 to pay maturing bills. But when congress con-gress voted billions for relief this past spring, when Recession kept government payrolls swollen above normal, it was obvious that money must come from somewhere. Fortnight Fort-night ago. Secretary of the Treasury Treas-ury Henry Morgenthau Jr. returned from Europe, busying himself immediately im-mediately with Budget Director Daniel W. BelL Then came the inevitable in-evitable announcement. This month, said Secretary Morgenthau, Mor-genthau, the treasury will go into the market for $700,000,000 in "new ; i' i ' K " v rv ... ' ft i w , . . . - . . . f . SECRETARY MORGENTHAU Uncle Sam needed more money. money" to help finance Recovery. Still ahead are requests for $1,400,-000,000 $1,400,-000,000 more in "new money," though these will not come before next calendar year. Nor was this all. In the next few weeks, notes totaling $433. 4C0,-900, 4C0,-900, due December 15, will be refinanced. re-financed. Short term treasury bills, totaling $1,300,000,000. will ba refinanced re-financed at a rate of $100,000,000 per week. Bolstered by its new borrowing, borrow-ing, the U. S. cash box will operate on a larger working balance between be-tween now and December. On hand last week was $1.620,o:0,GOO. How much It cost Secretary Morgenthau Mor-genthau to raise his national debt to $33.3X1. CCO. 000. wai evidenced by loan rates. The $1.300.0':0.000 in maturing ma-turing bills ccst the treasury an average debt service cf 0.03 per cent, possibly the lowest rate in U. S. history. Net result cf r.cw borrowing bor-rowing will be to decrease bank reserves, re-serves, now rearing an all-time high, ar.d to Increase deposits. Though back earnings thus far in 1933 are under last year. Secretary M jrgcnth.ni was optimistic. Said he: "I'.'i quite remarkable the way banks are paying dividends and covering cov-ering them. I thir.k they seem to be doing very well. As you knew, wo have no failurei to s; e.Vic if." Agriculture Last spring, the r.c U. S. crop control measure placed domestic and export corn requirements at 2.470.00O.0CO bushelK, promised to make l"an if 1538 pruct'-on exceeded ex-ceeded that figure. Though much corn has sufTerel from disease. America's crop this year has t'.ill turned out above expectations. By last week It became apparent that corn loans will be necessary. At Washington. AAA's II. R. Tolley reported re-ported the August estimate of 1533 corn was 2.f1'1.0OO.r"'O bushels, which Is 5l.OfXl.roo bushels In excess of the original estimate. Though loan figures will not be determined until next November'! crop board estimates, loans were virtually assured, as-sured, probably at C'7 cents a bushel. Politics Nevada's P.it M.C.irran hacked Franklin R oosevelt fi t re-election In l;)3(I, opposed his Supreme court and government reorganiration. measures. But while the President sought to "purge" other half hearted heart-ed New Dealers In this year's primaries, pri-maries, he marie no intervention in Nevada's primary. Opposing Pat McCarran for renomination were .Reno's Albert Billiard and Carson City's Dr. John Worden. both "I no per cent New Healers. " The rut-come: rut-come: Pat McCarran won easy re-nomination. re-nomination. At Little Rock, Ark . conscientious conscien-tious J. Ilosser Veuable. defeated candidate for Democratic senatorial nomination, submitted his $('.:;:! po expense report with an explanation of one Item: "1 bought one 23 cent watermelon for n few persons In n store nnd divided with them this delicious. Juicy melon." People Former Queen Victoria of Spain Is a Baltenberg. nnd for generations all men of the Baltenberg line have Inherited hemophilia (tendency to bleed), though Batlenberg women are free of It. Among victims was the count of Cavadonga, eldest sou of Queen Victoria nnd King Alfonso. As n rhlld he nearly bled to death from n tooth exlraclion, Two years ago, he had 21) transfusions over n malignant tumor which could not be relieved by surgery for fear of bleeding. Lust week, nt Miami, the rount of Cavadonga sped down Bis-eayne Bis-eayne boulevard with Mildred Gay-don, Gay-don, ni;hl club cigarette girl. Thrr ear swerved to miss n truck. n,t. smashed Into n telephone pole. Nine hours later the count bled to death. .Son .lames Roosevelt, nt Hoehcs. tor's Mayo clinic, prepared to have n stomach ulcer removed. |
