OCR Text |
Show SECTION TVO PROVO" ' "(UTAH) DAILY ' HERALD, THURSDAY,' MAY 23, 1940 Wadiinslcn -Go-Round Llerry (Continued Prom Fago One) years. It would take at least that long to build a second fleet. , ; The keystone of American;' defense de-fense has been: j 1. A big: navy In the Pacific. 2. Friendship with Great 'Britain, 'Bri-tain, which rules the" waves of the Atlantic. ? 5 According- to the Chip Robert plan, Great Britain would enter into a contract with us to deliv er the remains of her fleet in case of defeat. Legally, this might . give the British an excuse for not signing away their Ships to Hitler. " , Actually, a good part of the fleet at least in North Atlantic waters would be out of commission commis-sion before the British surrendered. surrender-ed. However, some British vessels ves-sels still remain in. South American Ameri-can waters, at Singapore and In the Mediterranean. -,r j Nate Another plan . receiving Informal consideration by some of the insiders is to repeal the Johnson John-son Act and give immediate credits to the Allies, in return for a mortgage on the - French and British possessions in 'tne Western Hemisphere. - . ft i GREENLAND AIR BASE . , You can write it down as certain cer-tain that should Hitler send an a'r expedition to Greenland or occupy it , otherwise, ; Roosevelt would oppose that occupation," if necessary with the armed forces of theUnited States.1: ,. ; ' Reason, of course, is that Green' land is such an important air stepping-stone across the Atlan tic. From a base in Greenland, in enemy would oe within easy bombing range - of - the United States However, when this question came up for discussion, recently it was admitted that should Hit ler get to Greenland i first, the United States had no adequate airplane force or naval strength in the Atlantic to dislodge him , If Hitler took Greenland or Iceland, Ice-land, the United States would have -about as hard a time get tinjr out as the Allies had m rooting the Nazis out of Norway, Military axiom (emphasized by this war) is: Once the enemy gets control of a seaport or an air base, it is going to be twice as hard, almost impossible to get him out. So you may see something : done ; by the ; United States about Greenland ' in the not too distant future., . . . STOCK MARKET CRISIS j . . It's a closely guarded - official secret, but the catastrophic Black Friday on the - stock exchange laat week came within a . hair's breadth of shutting down .the exchanges ex-changes of the entire country. .This was under - discussion at a night conference . of White House and SEC officials, . - who weighed the : grave decision for evetal hours. . , Two factors tended to favor ths Nazi Belgium Advance Takes to Water PAGE THREE r ! " f .. ,J SMALL ANIMAL HOSPITAL DR. E. O. COLE, D. V. M. Boarding, Bathing and Clipping Phone 1740 Pro vo, Utah Sixth East and Eighth North I t ! .. 1 ' . V. . it. .,. ( ' - .i ," . if w ,- , , ..v ., ' ? ' ".I : .St ' - " ' " t. ' ' . . - - - ' r - J - -WtlO-' . ''.!...,..:::.;; - -I , , .... . ... :. i - . , Telenhnlol Here's one ot the ways that the Nazi Army has been able to overcome Obstacles placed in their path by retreating Allied forces in France and Belgium and to continue their march, towards Paris and the English Channel. Retreating Allies destroyed this bridge, at right, but that didn't slow down the Germans. Inlantrymen inflated collapsible rubber boats and continued forward. Picture was; flown to New York by clipper, passed by German censors. ; 7, ', TV : , S ' ' closing of the markets. J One wa? the flood of selling orders that .descended on brokers after the New York Exchange closed Fri day afternoon- The two bad days earlier in the week had not. unduly un-duly worried the administration. But then after the market had shot up on Thursday, the break on Friday caused real anxiety, What particularly worried the SEC experts was that there was little foreign selling, ' . and . that the great bulk of unloading was domestic.; Furthermore, it ; was from people who hold their stocks- outright, rather than on borrow ed capital. ' -vi According to the ' private records re-cords of theaSEC, there are only 200,000 margin "accounts now in . contrast to the days of , the Coolidge -bull market .: when al most everybody was buying on could not decide whether to close the market- Finally, they put the decision up to Roosevelt. He had , called the meeting, but had not , participated, being1 occupied with a flood of war reports, When the conferees came to him, he suggested that they post pone any action, and see what happened next day. Tt was' Satur day, a half-holiday, he said, and might not be so disastrous. This proved to be correct. The market stiffened, and while prices sold off again, the drop was not so serious and there was some buying.. Under these circumstances circum-stances it was decided to await further developments. Note One ' reason Roosevelt gave for his decision not to close the markets was the problem of re-openings them. He was afraid uitti. uiilb me siep was laKen, margin. So the tremendous blocks it might be difficult to recall for a long time. Meanwnile the country's coun-try's financial system would .be seriously dislocated. of stock dumped last week were not weakened margin : accounts, but stocks, owned outright. nv .... - ( BUSINESS BETTER J - r-i rrimea, business index went up, and economic -conditions inside the United States looked better, Therefor only possible reason for tne dumping was rear fear , or an Allied defeats ear of what might- happen to the economic structure of the1 world in case it was overrun by Hitler. All these , things were 1: taken into consideration .fcy the 'SC- White House conferees. But .theI MPtfe VlESElutEBS II Ij-X " BOTH WOILD'S PAS JCrtSS C iplif trip ONLT w " COLORADO LOS AXCELES SAN rBANClSCO WORLD'S FAIS CHICAGO crrscn WASHINCTOII NEW YOXK WORLD'S FAI2 I NEW CXGLAXD AII-lxpM Vacation Tours . to Amerira'g mwt popular p!y-t p!y-t round. One low coit coven prao Uceily everything. (Copyright, 1940. by Feature Syndicate, Inc.) United AH vises President On War Industry ''r, tin 'Jul AIR-CONDITIONED DIESEL-POWERED EXTRA SPACIOUS Improved air-conditioning controls both temperature and humidity. Individual eata recline to 5 restful positions. More room between seats maximum leg-room. Yoa'll vote them the roomiest, most comfortable, com-fortable, smoothest riding buses on the highway. No increase in fares.. kU $ummak . 2 ASI-CONDmONID nouns . te CHKASO one CAUrORNlA DaubU the scenie thrills of your vacation trip go one way and return another, enjoy 104 luxurious air-conaioooea xravu an in wmj BURLINGTON TRAILWAYS DEPOT XV. E. KODRIGUE, A tent 95 W. Center St. - Phone 1273 Now Is the Time to - DUILD On li.TOUE , You should i immediately take advantage of our complete, com-plete, loan service for the building of that new home or to modernize your present home. We are continu- I ally building and improving homes in this community.1 Our easy terms and low interest rate have made us many ' friends and satisfied home qwners. Contact us immediately for full details. Quick and efficient service will be given. l Curtis Insurance, Agency, Inc. r 174 W. Center, Provo Our Telephone is N0. 8G r jk. . 1 A 1 ft 7 J 1 Vi:. Bernard M. Baruch, who headed the U. S. War Industries Board during the World War, may be i called upon to organize industrial ' mobilization for future defense needs. The financier is pictured . arriving at the White House for a recent conference on the sub ject with President Roosevelt. : f Complete & Skilled Electrical SERVICE Ranges ' . Washers Small Appliances ItadlM Charles Stewart W'oodrow Bullock 2 8 Airport Project Is Investigated Provo city commissioners and members of the Provo Aeronau tics club are envisioning1 a pro gram for building- a modern, well' equipped airport here. The Provoans are eyelnjr the Fat McCarran bill Introduced in congress which, if passed, would provide $125,000,000 for building and improvement of airports in the United States. Eighty per cent of the amount would go to the federal government 10 per cent to states, and 10 , per cent to cities. ' -. ,', ' In the interest of making known Provo city's desire for air port construction funds Mayor Mark Anderson, Commissioner, Jesse Haws and Merrill Chris-topherson, Chris-topherson, chairman of the Aeronautics Aero-nautics club, attended a meeting at Salt Lake City Monday, . at which representatives from major ma-jor cities throughout ' the state discussed airport needs and set up a plan for ultilizing any funds that might be appropriated lor this state. If funds are forthcoming, one of (. two sites - will be developed in Provo. One possible site would be along the Utah lake front, the other the present airport south- England'Guards Against 'FifthCofumn' i S7t a ... r A4 Hadio-I tohoi Fearful after Hitler's broadcast warnings of an imminent Nazi -blJtz- krieg" attack on England, British riflemen are on the alert throughout the British Islands for parachute troops and "fifth column" sympathizers. This picture, radioed from London, shows the guards questioning a motor v " j 1st on a barricaded highway somewhere in England. "v . . ... area at 6:42 p.- m. today after defending anti-aircraft guns had gone into action. Most of the antl aircraft fire was heard at a diance and there were no immediate reports of any aerial bombardment.. . Student Activity Awards Friday Student activity awards at Brix-ham Brix-ham Young university will be presented pre-sented In the annual extra-curriculum award assembly Friday morning morn-ing at 11:30 In College hall. The awards will b? presented to students in the following fields: student government, program eer-, vice, "Y" News, Banyan, band, orchestra, or-chestra, vocr,l mu3ic, dramatics debate and football, basketbs.il. wrestling, tennis and track. The assembly will be under the direction of the student council. TKEE OnDFJlS STTP UP Rfjports iisut-d from the cllir cf J. VtTJtney Floyd, exteot.oa forester at the UtaJi SUte Agri-culturaJ Agri-culturaJ college, shoTr that up to date 144.000 trees have beta shipped from tr- Clark Mc.N'ary nursery at the college to farriers farri-ers In Ut'Ji ani N'eva-i v,-".-.o ere participating in the tre planting plant-ing program for U-.e two :si. Requests for the trees to planted in the 190 Fprir.g a. have come from 451 farmers tn Utah and 75 in Xex&dt, and Bhow an increase in de mar-is of more Lhan 14.030 trees over last year. The cypress tree la Immune to attacks from insects. east of' the city, accordlng- to the city officials. . ALL-CLEAR SIGNAL 6 SOUNDED IN PARIS PARIS.i May 22 (HE) The all clear signal sounded in the Paris y Vr- IifwMit ntariBrsoK una nappisiir He needed just a few hundred hun-dred dollars for hla daughter's daugh-ter's graduation, but it meant a girl's career and happiness! Jour problem may b different LOANS op t J3C-0 ALL FLANS, knt eur serric is aiipted to indi- Com io sr pboD TODAY, vidosl Deeds. Yon need only ONE PEBSOXAL FI.VA.N'CE CO. tbtnc to get a loan iron at: to b .. jj c-ntr ir-i able to make tmaJL regrnlsr repay-'Betits repay-'Betits on any plan slerted. Phon I! o. Vth JOHN- F. MCriRE. Mt. V ' - - - 'Brown Dabj bring's you a true EuroDean-tvoe Pilsner X is delicately dry and pale, champagne-like in body. A true Pilsner which goes better with -food; ( . . ' -i. ' ; - . ' the fi many say of imported . . . one which many say equals ;' ... ' . ' , .V.. r. ' l , . t j Lz.'m''ZZZJf I ULOU LIKE good beer or you wouldn't be reading this. So, we want you to try a true European-type Pilsner that is brewed in America. . You'll find this Brown Derby Pilsner refreshingly dry, with a .clean, racy tang, a thirst quencher. It is pale, lively as champagne and almost as light in body. Naturally it goes better with foods. Get some to sample at home tonight. Your purchase pur-chase is at our risk, for every bottle of Brown Derby Pilsner is sold with this understanding: Take a deep, satisfying swallow. Drink all of a cold bottle, with or without food. Either you agree Brown Derby Pilsner is as choice a brew as true a Pilsner as connoisseurs acclaim It or your money back. Safrwaj Store, Inc., Oakland, Calif. E'EEl I2S0AV. Center ; Phone 14S2 |