| Show 0 VIA 6 lu 0 I 1 washington Vas hIngton D 0 IMPROVED 1 NAVAL POSITION beriland tho the solomon islands bottlo battle are some optimistic naval facts entirely aside from tho the announcement of victory these facts had to bo be very carefully considered even before U S naval chiefs started to invade the solomons one of these naval facts Is that tho the japs have suffered very severe losses in cruisers although it has escaped public notice U S forces have been bumping off this fast im type of worship warship with deadly regularity so that jap cruiser strength Is now cut at least in halt half perhaps more another known naval tact fact Is that the japs havo lost approximately half of their airplane carriers and with air power what it Is today this Is the typo type of vessel they can least afford to lose on the american side of the picture Is the fact that U S repairs of ships sunk or damaged nt at pearl harbor have been miraculously swift all this obviously was taken into consideration before the united states started a major engagement and the offensive in the south pacific for admiral king had to calculate tho the risk of the jap admirals rushing a large force to the solomon islands simultaneously he also had to figure the risk of a jap attack on various other vital points midway alaska hawaii even the continental united states top admirals these days to not take chances not when the fate of a nation depends on them therefore it requires only a mathe mathematician matio to figure that the scale or of amerlean american strength in tho the pacific has turned it reached its low ebb just after pearl fl harbor arbor when the navy was unable to do anything about the philippines singapore or java but now the battle of midway has shown that hawaii and tho the west coast can be defended by land based planes no jap ship dares come near land based planes without corn com suicide this leaves n reinforced fleet to operate in the pacific top naval men are not doing any crowing yet but at least the naval picture seems to counterbalance some of the bad news from russia which Is going to get a lot worse BURIED SILVER ten years ago president roosevelt and cordell hull held a series of discussions with the foreign min aisters of europe in preparation for the london economic conference at which one of the chief proposals of the united states was world use of silver at these conferences the late senator key pittman Pl of the great silver state of nevada droned dronek through a regular 45 minute lecture on silver which american experts knew almost by heart and which put hjalmar schacht german finance minister to sleep after pittman had finished the german minister woke up with a start hastily brushed aside silver we accept silver now this Is what we want in return the london economic conference was a dismal failure dut but the united states had committed itself so completely to silver in these preliminary talks that it undertook a silver program which actually meant that th a t the th 0 world sold its silver to us at an artificial price and we burled buried it in the ground at west point N Y it was a fine thing for mexico china and canada and a great victory for senator pittman and the rocky mountain states also als it resulted in the U S treasury accumulating mu lating two and a half billion ounces of silver other than coin today however there Is a shortage of industrial silver and yet the treasury will not open up the giant hoard of silver gathering mold at west point shortage amid plenty what has happened is this about ounces of alver monthly is being mined in the united states which is ample to care for war needs but not enough for ordinary commercial needs especially for the silver industry of new england the silver industry which makes knives forks and household ware formerly used alloys and critical materials all of which have love now been dispensed with however silver is not a critical material there Is plenty mined tor for the war effort but not enough to supply the ounces needed annually for the silver industry so new england silversmiths now ask aak that they be permitted to buy a mere ounces out of the two and a half billion ounces which the treasury has burled buried GO ROUND fl though tho the U S navy gave the royal runaround run around to the sea otter germany is is now reported building exactly t this hi a type of shallow draft automobile boat for use on the danube the black and caspian seas against russia when the baade ade a survey of junk dealers it found pounds of scrap a p silk stockings tock in s on 9 hand thia Is a gold mine for making silk bags to hold guapo gunpowder ader tor for the navy buy war bonds |
