Show weekly news fews review IW ne new W cz cech ech C crisis MIS threatened by pole hungarian aggression cacy fry bu W la bine foreign after czechoslovakia made peace with germany by ceding border areas to the reich poland and hungary jumped in with similar claims poland was pacified paci fled when war lost beschen was returned to hungary went the southern portion of slovakia and a small corner of ruthenia see striped portion of map a settlement arranged jointly by germany and italy but the bulk of little ruthenia was retained by czechoslovakia on ger banys insistence much to the sorrow of poland and hungary who wanted a common border smart adolf hitler has two rea sons tor for demanding Ruth enias autonomy first his economic policy has made czechoslovakia a vassal state and at some future date ger many intends to march through that country into the russian ukraine and other parts of southeastern europe should hungary get ruthenia and turn hostile to germany the march to the east would be blocked second ruthenia has immense value as a nucleus tor for nazi kropa gand izing in the ukraine and neighboring rumania meanwhile czechoslovakia is in no position to defend herself from the band of wolves barking around her entire frontier not only is she under germanys germanas Germ anys thumb but slovakia and ruthenia have now been granted autonomy which makes them largely independent of the central centra prague government the result has been two cited wars in which covetous poland and hungary have been interesting themselves under the exola nation of police action the first centers in Ruth enias carpathian mountains where hungary has won a substantial portion of the natives to her cause in the ensuing civil war between pro czech and pro hungarian Ruthen ians polish and hungarian border troops have intervened ter the other war is centered along slovakian Slova kias polish frontier where Cz ecland polish border troops have been fighting though none of the three concerned governments has spoken officially it is quite obvious that poland has agreed to help hungary capture ruthenia it if hungary will help poland grab the rest ot of slovakia this would leave czechoslovakia with nothing but western bohemia and moravia located entirely within germanys germanas Germ anys mouth it is doubtful that germany would tolerate acierate this threat to her proposed propose d eastward expansion but her opposition might aid the cause of antinazi forces by arousing the ire of both P V gary and poland international by persecuting jews and subduing i chris christianity in favor of nazi ideology germany tells the world that a triumphant political philos ophy is worth more to her than the worlds good will what germany apparently fails to realize is that the resultant international resentment will ruin the export trade thereby creating internal economic econ orric chaos this pressure Is already felt in and austria the recently annexed territories whose manufactured items must now bear the mark made in germany both areas find world antinazi anti nazi sentiment a serious threat to their once flourishing export business meanwhile international plans to help german jews are meeting inevitable opposition since most countries already have unemployment problems few are willing to increase this burden by accepting new immigrants they also realize that jews are predominantly trades men and therefore tear fear their established business men would suffer from this new competition in the U S president roosevelt has granted a six month extension to german visitors rather than return them to the hostile reich he plans to ask congress tor for liberalized immigration laws which would permit the entry of more persecuted persecute va 1 41 s I 1 fp I 1 ja av a MYRON C TAYLOR plenty of at m oney money but bus tittle little land jews though congressional leaders like sen william E borah promise to oppose th the eplan plan the U S and great britain are meanwhile taking a lead in consummation of the jewish solution first proposed by joseph P kennedy U S ambassador to london while great britain is surveying survey mg her colonies to find new humes tor for jews the state department has commissioned myron C taylor chairman of the intergovernmental refugees committee to represent the U S in if this work american jews are vol unwarily unta rily digging up milli million orf dollars to finance the project if eng land can provide land for resettlement purposes the most likely spot is british guiana in south america where prime minister neville chamberlain hopes to set aside square miles but germany Is not operative cooperative co although george rublee director of the international committee has of to discuss the jew question with berlin he be has received no definite reply preferring to ignore the U S and great britain germany is reported negotiating with several south american countries to find a jewish haven regardless of who manages the exodus ot of these unwanted hebrews they will find no refuge in medicos cos lower california or palestine domestic under secretary of state cordell hull the U S has consummated 20 reciprocal trade agreements in eluding two with canada as au theorized zed by the trade agreements act ot of 1934 carried on aggressive ly mr hulls program now covers POLAND C C OS UV OVA K I 1 A RUMANIA HUNGARY JUGO SLAVI A DOES PATE FATE LIE IN RUTHENIA SEE FOREIGN poland is helping hungary capture ruthenia in return for which hungary is is reportedly helping poland capture the balance of slovakia czech area above shaded section which represents land just ceded to Huri hungary gary the deal may bring a serious breach with germany blocking the southeastward expansion three fifths of all american exports anci ana imports behind the treaties is the most savored nation principle under which contracting nations agree to nondiscriminatory treatment in the fixing of quotas in each treaty both signatory nations pledge not to impose internal taxes on imported articles higher than those imposed on similar articles of domestic or other origin keystone and climax to this program is the reciprocal trade treaty just signed with great britain including the dovetailing dove tailing talling second treaty with canada since a unilateral principle applies to mr hulls treaties the benefits of this U S british agreement are now open to all other nations with which the U S has commercial treaties principal non participants are eu ropes dictas dictator or nations the eventual aim of idealistic mr hull is abandonment of international trade barriers and the idea of artificial self sufficiency and a more stabilized world currency chief arguments against the anglo american pact come from business interests who claim their domestic sales are injured by british competition arguments in favor of the treaty will maintain that while british competition is increased on some domestic domestically all Y manufactured items a great many more items can now be exported to the united kingdom since most duty payments have been slashed the state department expects U S agriculture will derive important benefits from the united kingdom treaty which grants concessions on many farm products all duties on american wheat are removed while on other items the duty is substantially reduced but the new treaty with canada tails fails to remedy many objections which featured the previous agreement with that dominion since important concessions are still granted on livestock cheese eggs and many grains war any attempt to apply to the conditions of today and tomorrow the inapplicable ideas and principles of the past neither would contribute to establishment of rial peace in east asia nor tolve the immediate issues with the above statement japan has rejected a united states protest claiming invasion ot of american rights in china the answer denies every charge made by the united states concerning japanese viola tion of the open door to china and asks washington to take into consideration the new situation in east asia although japan courts maintain that a contract is invalidated by changing circumstances the united states cannot agree that a strictly japanese legal tenet should be applied to international law the answer makes no mention of the 1922 nine power pact guaranteeing chinas cainas territorial integrity but un der japans new changing condl condi lions philosophy it would seem that all previous international commit ments have been thrown overboard Coh consequently there appears to be no american recourse other than to accept japans domination of china while this battle of diplomacy rages courageous china is making a desperate last ditch stand west of bankow current jap operations are directed at cutting chinese supply connections with siberia and indochina indo china a campaign which r relies e chiefly on boin bombing bing yangtze river traffic between shanghai and has been closed to foreigners under the guise of p protection against chinese guerrilla warfare actually observers believe the japs want to keep yangtze traffic exclusively tor for themselves defense how secretary of war harry woodring stands on president Roosevel ts huge rearmament plan may remain a secret from the n numerous u U US S peace organizations now fighting against increased military and naval expenditures but since washington gossip says that secretary woodring is soon to resign his opinion matters not nearly so much as that of assistant secretary louis johnson who will probably succeed him to combat the combined perils of japan italy and germany president roosevelt proposes to throw a defensive ring around the entire western hemisphere a plan which entails immense increases in U S naval and army expenditures mr johnson acting directly on army matters has spoken for a total air force of fighting planes the ardys present goal Is 2320 by mid 1940 mr johnson also urges weapons and supplies tor to equip an army of men tor for six months a program he estimates would cost around all branches of the army would be modernized reserves would be trained and industrial du plants would be given in preparatory to emergency manufacture ot of war materials white house V U S business trends have long been influenced both favorably and unfavorably by well meant moves by the federal administration in 1936 the bonus established an immense credit reservoir which resulted in a false economic picture that boosted inventories tar far higher than they should have been in april of 1937 president roosevelt cautioned against needless speculation and business lost confidence A slump resulted which is now being dissipated partly by consumer demand and partly by an outpouring of U S pump priming funds it if large federal expenditures and white house cautions could be issued at the right times mr roosevelt b believes business zooming and plummeting could be leveled off into a more stable economic picture but such steps on the part of government ern ment to be efficient require study and an adequate supply ot of precedents on which to base future m moves 0 ves T the he result is appointment of a fourman four man advisory board to study fiscal and monetary problems as they relate to national production and income advisers secret Secre taix ye ot of the treasury henry Mor gent c jr marriner S eccles of the federal reserve board director ot of the budget daniel W bell and frederic A delano chairman of the national resources committee not to be heard from for some time the board will nevertheless be active in shaping next years budget by suggesting the correct timing and channels into which pump priming funds can be directed the group can do a constructive piece of work it has been pointed out that only of the lend spend fund has been allocated correlated is a second U S investigation to provide for greater control of expenditures and elimination of costly overlapping governmental functions transportation when president Roosevel ts road tact fact finding committee refused carriers request for a 15 per cent wage reduction it became apparent that congress must find some solution to the nations kerpl perplexing axing exing transportation por tation problem not only are railroads now handicapped by duplicating lines and truck competition but their expenses are being boosted this year by the railroad retirement act of 1937 most suggested remedial dl legislation calls tor for 1 government subsidies under the guise of national defense and 2 government loans to help railroads modernize equipment and extend their lines bills along these lines will probably be introduced by Monta nasSen burton I 1 K wheeler chairman of the senates senate cammi committee tt ee on interstate commerce and the railroad finance committee mr wheelers two proposed laws would 1 empower railroads even it 12 they are in the process of k 4 Y 7 D SENATOR WHEELER A remedy but is it a cure bation to obtain government loans by creating obligations prior to those now in existence 2 establish standards tor for financial reorganization including provisions to expedite the procedure in III these cases the second bills purpose mr wheeler points out is to permit reorganization without strait jack eting the railroad and depriving existing bondholders bond holders of their just share in company earnings this will probably win popular favor but railroad executives are not took look upon new g government ov to lod pe d a cure for their ailment A albeit s t borrowing will only provide a temporary cure piling up additional obligations without attempting to solve basic transportation problems |