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C FOREIGN TRADE MONOPOLY More alert minds In the Roosevelt administration have been doing some very careful thinking about what Is going to happen to American Ameri Ameri- can trade in the future The picture picture pic pie ture Is far from optimistic Here are some of the things they have concluded After this war Is over it Is almost inevitable If Germany wins that the world will be divided Into four great trading areas They will be 1 Japan and China comprising about people and falling under the totalitarian domination of ot Japan 2 2 Germany which will exercise life and death rule over about people including all the nations nations nations na na- na- na of ot Europe 3 3 Russia which will govern the trade of ot about people 4 The United States State Canada and South America America if if we can still keep the latter under the Monroe Doc Doc- trine These will represent about people In the first three of ot these economic areas foreign trade will be completely completely completely com com- controlled by government monopolies For instance Germany operating on a slave wage scale and a socialized system will be able to cut prices and undersell the United Unit ed States throughout South America Already Germany Is offering ottering steel In Rio de Janeiro and Buenos Aires for September delivery far under prices quoted by U. U S S. S steel mills Japan which is sure to industrialize I alize China also will pay slave wages and will do the same U U. U S. S ALTERNATIVES Therefore the United States In order to continue any kind of ot ex export ort trade whatsoever will have to do doone doone doone one of four things 1 Reduce wages to a level approximating approximating the starvation standards paid in Germany 2 2 Reduce profits or eliminate them altogether if German prices are to be met 3 Subsidize industry and virtually take it over as under the Nazi Fascist Fascist Fas Fas- cist and Soviet systems 4 Create a foreign trade oly This is what the Russians have done for more than a decade and what the Nazis have been doing more recently All exports abroad are sold through the government and Imports Imports Im tm ports are purchased the same way It is this last system which New Deal advisers consider least obJectionable objectionable of the four and upon which they are concentrating Naturally the handling of U U. U S. S exports and imports through a government government gov gov- monopoly is a long long longway longway longway way from the Hull trade treaties CHICAGO CHAFF The Utah and Florida delegations were divided 50 between men and women women the the only such at any major convention Dr Francis Townsend old-age old czar attempted to put the bee on Democratic platform makers and candidates as he did at Philadelphia Philadelphia Philadel Philadel- phia but with no better luck The only one to give him a tumble was McNutt whom Townsend was boosting boost ing lag for vice president Chief for the little business business business busi busi- ness plank in the platform promising promising prom prom- ising loans and protection against big business were Sen James Mead of ot New York Chairman Adolph Sabath of ot the house rules commit commit- tee Dr John F F. F Carruthers head of the National Small Business Research Research Re Re- search bureau and James G. G Daly president of the National Small Businessmen's association Strange pre-convention pre visitor to the national committee headquarters here was John Raskob chairman chairman chair chair- man from 1928 to 1932 and with Al Ai Smith a bolter in 1936 1930 Raskob spent a hour half-hour conferring privately with Farley Two most photographed women at atthe atthe atthe the convention were Eve Evie Robert nobert photogenic wife of ot the secretary of ot the national committee and stately white haired Mrs Mack national committeewoman from the Virgin islands Two other unusual vl visitors ors were Mrs Alice Longworth and Forrest Davis goateed newsman both active active active ac ac- ac- ac tive in the nearly successful G G. G O. O P. P presidential campaign of Senator Taft No wonder one of the first things the national committee did was to enact a rule limiting the number of delegates at future Democratic conventions con con- This one has 1094 votes and 1896 1898 delegates Three states sent veritable armies of delegates each with a minute fraction of a vote Texas with 48 46 votes sent delegates Mississippi with 18 votes has delegates and Montana with six votes has 26 20 delegates One Mississippi district with two votes elected 58 delegates Pride of ot Jim Farley at the convention convention convention con con- was his attractive year 15 old daughter Ann who acts as one of his bis secretaries and takes her duties very seriously Women played a big role in tn the Chicago convention in tn fact their most important at any national political po convention In addition to a record representation of out of 2000 delegates and alternates the women also were well represented on all the important committees Eighteen women leaders in various fields are acting as an a advisory committee committee com com- to the platform r |