Show economic highlights president Koos Roose ovelta veits recent appointment polut ment of on an economics defense board la is generally regarded fig as arm of the administrations administration is intention to wage economic wax against the axis on a big scale the board la is headed by vice pres pree ident wallace and its other members are the secretaries of state war navy treasury commeret Commer ct and agriculture and the attorney general the important position of executive secretary has been given to W IV Rl a professor of cono economics at princeton and a former economist for or the federal ditc itc it serve berve board economic warfare ill esau iu the use ilse of all this count rys vast re louice to advance the cause of the democracies and to oppose the purposes of the dictatorships A start has been made in ili the cuse case of japan the alie administration la ij ob bously prepared to squeeze the mille little island empire to the limit nit our present far basteni Da steril policy says lit in effect that if japan will cull call oft off her current pro grimi of conquest we e will continue to buy her silk and sell hir her the raw mat ma she so u sorely needs while it if japan insists on oa going ahead abend III the hie east ylie wie neva need expect nothing else clao frontus than ruthless economic sanctions and possibly a naval war when it comes to germany our technique must of course be different we have had almost no trade with the retch reich since the war began battleground of the trade warfare in this case will be latin america despite all our past efforts of foils germany la Is still a 4 big factor in hi many countries south yf of the rio klo grande jot job ahead is to destroy Gem gemanis anys latin american influence and disrupt her plans for foi bartering barter lug lier her manufactured goods for south americas raw materials at the moment it looks as it most moat of south Au america terica Is ready to play along with this government uncle sam loved without restore er atlon down south but thinking south AnIc americana ricans regard him bim as aa a far better friend than lien herr hitler 1 in the caso case of south amerlean american countries which hi abate to adapt their economic and military poll lea cles to ours ouis polite threats ot of trade penalties and even military pros pres sure may be imbed abed this government Is 11 dead certain that south america midst be saved for the democrat ic caus if fr the war Is to be won und it will not hesitate to do anything to keep south america lit in line complete sellout sell out to hitler will also alao form the basis tor foi U S action yew few will be surprised it if american marines eventually take over oer martinique and other french islands la in tills this beall sphere and if vichy goes with her plans for a joint french german defense of strategic dakar many expect that we will have hae to st send ad our navy in to do the talking tor for us control of dakar means control over oer trade routes loutes and military positions poem siti sitione which are vital to uila this it hemisphere em irom from a naval point of view dakar Is a fairly tough nut aut to crack ciack but our admirals think it could be done with dispatch Rus entry into the european war la ia the opinion of most moat has made our early participation unlikely for the time being at 1 east there la Is nothing for us to do but send materials abroad it if the american flag goes into battle it li Is much more likely to be in the pacific or off africa than in europe the joint declaration of policy issued by prime minister churchill nud and president roosevelt following their dramatic meeting at sea seems to have as its ita principal objective e live the assurance to all nations including germany that the allies do not seek to conquer or dismember any power they seek only to establish a world order which will permit all nations to live in fr peace A number of the points laid down in the declaration are of extraordinary interest point number four for instance guarantees that all states great and small victor and will be given access on oil equal terms to the tra trade de and raw materials of the world that amounts to a reversal leversal ot of polley policy for england which has usually guarded her resources jealously oad and has often used high tariffs tu to given umpire empire states preferential treatment in E anglish dominated markets marketa this alita country has hag at times done the same thing point number eight has iron la in it it says in effect that until a wider r and more general system ot of world neild security is attained it will be lice necessary ary to disarm and keep disarmed the aggressor nations llila inears apparently that the allies will lu in the event bent of victory act as the worlds policemen car ining a big stick with which to at once subdue any embryo conqueror when he lifts his head some have compared the eight points of this declaration with pres fres identa wilsons Wll Wil sona sons famous and au fated 14 points there la is however bowe vei OIK extremely important difference mr wilsonn program was purely ula his own onn and he was not able to persuade the heads of itte the other allied nations to adopt it this tala new declaration has hag been officially signed by mr as well as mr air roosevelt and so amounts to th the e official policy of both england and the united states |