Show This Week In I Washington D. D C. C I Washington March 11 Auto Auto- The caster caster Tho Tho first real Presidential boom for 1940 has been launched here with the reception and bane let to Paul V. V McNutt High Commissioner Commissioner Commis Commis- to the Philippine Islands former Governor of Indiana and former Commander of the American Legion region Political Washington takes the McNutt boom seriously It is being managed by br Frank McHale Democratic National Committeeman of Indiana and is backed by bY Governor Governor Gover nor Townsend and TInd the entire regU lat lab Democratic organization of the state A McNutt campaign fund Is 18 being rals raised d b by the Hoosier Club which collects two percent of the salaries of all nIl Indiana office holders What especially interests Washington Washington Wash Wash- ington is that no sign of opposition to the McNutt has come COlne from the White hite House or the Democratic National Committee This is interpreted interpreted inter inter- in some quarters as indicatIng indicating Ing that the President does not seek seeka a third term for forr himself and is IB content con conS conStent tent to let others scramble for the nomination nomination always always provided that the ones out in front are his friends Wont Won't Fi Fight ht Gov McNutt's supporters call him and the first New Deal governor declare that he lie will withdraw from the race if Mr 11 Roosevelt should decide decide de de- cide that he wants to run again The present plan is for Mr McNutt to resign his Philippine post In August and come conic back to the States to start a speech-making speech and organizing campaign European have taken the Japanese situation out of the limelight lime hone light of political interest at least forthe for forthe the moment it is no secret that the shift of England's foreign policy 10 u M d r e of Ialy from irom one out 01 of almost ut a Lane w v to to one of conciliation and compromise compromise compro compro- mise has relieved the state 1 Department Depart ment meat of a consi considerable consi c amount a 1 pf of Q w worry ti orry I If It t i is clear cear slow pW HP v that 1 lH is s going the limit to tp prevent nt a q liiro- liiro can war and ang that thiU 1 removes t the e fear c that this country might be Je somehow w involved iu in a conflict not of our seeking The English reversal of policy rest st at moreover has gone far far to see to-see see the notion that any alliance wit with t England could cO be ire e counted upon They have demonstrated again Jt s 's 6 hel held here that Britain will always and act for tor British interests first calmly disregard the Interests of other nations however friendly Wooing South Southa America Another phase of the time European considerable consider is causin causing mess however of or if is time the Q growth able concern that with the hun unit unit- I. I Fascism in Europe EuroPa nent neat possibility that the e Bt t trend already noticeable in Son h America may grow With GermanI German Germa n d policies now note b and laud I Italian po pot cz Czechoslovak cho a control lor or about t to Roumania and mJ Austria Hungary Hungar I there will het heI he be a t the he Balkan States het I powerful block of Fascist govern governments t ments meats occupying all of central au capable of put pug and Eastern L Europe behind the dom domand do do- drive powerful ting thug ns a Into Inte possessions m mand and for colonial pOS which to expand The flight of the six American America ron r n four Continued on page pago This Wack In I DC D.C. Continued from page one flying fortresses U. U S S' Arm Army bombing planes to Peru Pom and Argentine Argentine Argen Argen- tine is regarded hero here as fiS a piece of diplomatic strategy designed to tie the South American republics more closely to the United States It Is the thc State Slate Departments Department's policy to try to build up an AmerIcan All united front against Fascism though there thore are no official utterances on the sub sub- J The situation in Brazil still gives some of the State Department officials ortt officials the jitters B Both th German and Italian influences are suspected of or being behind the recently proclaimed Fascist form of or government In Brazil while the num number er of of both German and Italian colonists settling settling settI ing In that and some other South American countries Is Increasing Recovery Cl Thru Thlu Lending The rhe recent renewal of or the Recon Recon- Finance Corporations Corporation's pf- pf er er to lend mono money to businesses in I need of funds Is regarded as an evidence that the thc Administrations Administration's policy of spending money for pump priming Is shifting toward i t policy y of oC helping business recovery J jy iy lending The theory that free ree spending by the thc Government results n n Increased purchasing power Is bitterly opposed b by the Treasury he F Federal deral Housing Administration and the R FC among others Opponents of spending sa say that noney distributed in the form o or of wages for WP VP A. A work does not work worle up from the thc bottom to create reate pools of capital which must mustoe oe created If an any great revival in the capital goods industries Is to acme about It Is in the so-called so ca capital ital Industries that the falling off n production and in employment Is the greatest Lending Federal to industries to help them and to make maee jobs Is now accepted as the thc sound method of f Government aid to recovery by many who formerly could see sec no va way vay out but actual spending I ns ami and Politics There Therb is a sharp opposition from ome Administration circles over curtailing relief wants to cap on spending money and has lias strong political backing In Congress rom districts which have been bene beile- benefiting fiting by the thc influx of Federal funds The Thc betting now however i is hat there will be no more big spend spend- ng after aHer the just vot vot- Jd d for relief has lias been used up p Pi w riding iding the present repression doe does lot JOt last beyond d midsummer |