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News Review of CurrC’.t
Events the World Over
Germany’s Economic Crisis Now Worries the Nazi Gov¬
ernment—NR A Seems Due for Modification—
Plot to Kill Caffery Foiled.
By EDWARD W. PICKARD
© by Western Newspaper Union.
D ECOVERING from the terror and
dismay caused by Hitler’s “purg¬
ing" of the Nazi party at a cost of
some fifty lives, the people of Ger¬
many now realize
that a serious eon-
nomlc crisis for their
country is at hand.
The essence of the
Nazi new deal is that
to make money is no
credit to the individ¬
ual. but that to work
is a great honor. In¬
centive in the form of
profit Is vanish Inf ;
Kurt Schmitt Jobs, many of them
created, have been
spread out thinly ; employers are urged
to run their plants at their own ex¬
pense. to take on more men arid to
Increase wages under the theory that
It Is a privilege thus to serve the state.
Observers believe the Nazi govern¬
ment Is now trying to retreat from
virtual Communism, which Its leaders
profess to hate, toward relative eco¬
nomic liberalism. The appointment of
l)r. Kurt Schmitt, minister of eco¬
nomics, to the position of economic
dictator Is taken as evidence of this
trend. Schmitt lias been given blanket
powers that will extend to October 1,
and In that time he has the authority
to promulgate any reasonable laws
ttiat lie thinks will help trade and
commerce. He also has the right to
Impose fines on those who do not obey
his dictates.
Chancellor Hitler sought to restore
quiet In the relch by ordering a polit¬
ical truce and a call for peace, and
he then left Merlin for a vacation in
the Ravarian Alps.
There Is current among friends of
the slain Nazi “traitors" an explana¬
tion to the effect that those men were
truly the supporters of Hitler and
were only preparing and arming se¬
lected troops to hack him up in ari at¬
tack on the reactionaries. The spon¬
sors for this account blame General
Goerlng for misleading Hitler and en¬
gineering the executions.
One of the chancel lor'a firmest
friends, Rudolph Hess, minister with¬
out portfolio, broke out with a speech
tn which he appealed to France to
help Germany avert another war, ad¬
dressing himself to the veterans. Then
he delivered a stern warning to Frnnce
—and the world—not to try to Invade
the relch. "Just you dare to attack
us! Just you dare to march Into Ger¬
many !”
European diplomats were consider¬
ably disturbed by Hess’ utterances,
looking on them as the strongest prov¬
ocation hurled at France in years.
The Nazi charge that the executed
Storm Troop leaders had been con¬
spiring with France already had made
the French angry, and Andre Fran-
eots-l'oncet, French ambassador to
Berlin, protested vigorously against It.
Ll r_TIS position greatly strengthened
by events In Germany, Chancellor
Engelbert Dollfuss of Austria reorgan¬
ized his cnhlnet and declared unre¬
lenting warfare on
the Nazis In his coun¬
try. He got rid of
three ministers who
were not working well
with him and himself
took the portfolios of
public safety, defense,
foreign affairs and ag¬
riculture. WaJ.* Emil
Fey was supplanted
as vice chancellor by
Prince Von Starheui- Chancellor
berg and was given Dollfuss
the job of repressing
all anti-government political activities.
Probably to register his disapproval
of Hitler's methods, especially ns they
affect Catholics, Dollfuss recalled Ste¬
phen Tauschnltz, minister to Ger¬
many, and made him undersecretary
of foreign affairs.
The opponents of Dollfuss have
been resorting freely to the throwing
of bombs, especially in Vienna, and
the chancellor In his official com¬
munique said his patience was ended
and that all political opposition to him
must cease. The immediate reply to
this was the throwing of a lot more
bombs.
I OPIS BARTHOC, French foreign
minister, went over to London to
ask a lot of things of the British gov¬
ernment, but wise observers did not
believe he would get much satisfac¬
tion. The chief thing he wanted was
assurance that Great Britain Hue up
wiUi France again In case of a war
with Germany. Reports that Barthou
would propose such an alliance reached
London ahead of the minister and
aroused loud opposition In parliament
and the press. There were Indications
that the cabinet was very cool toward
the suggestion.
HU SVEN HEDIN, famous Swedish
explorer, has been captured for
the second time by Gen. Ma Chung
and his "army" of bandits In eastern
Turkestan. Taken with Hedln were a
dozen or so of his companions. The
captives were reported to have been
Imprisoned in an inaccessible camp In
the neighborhood of Aksu. and officials
of the Chinese government said that
their rescue would he exceedingly diffi¬
cult Hedin was engaged in laying
out a new trade route across China,
following the ancient silk caravan
route. Last March General Ma cap¬
tured him and held him for three
weeks.
«• A SSI ST A NT PRESIDENT” Is what
tiiey now call Donald Richberg,
because he is at the head of a kind
of super-cabinet which holds power
during the absence
of President Roose¬
velt. The counsel for
the NRA has his
work cut out for him,
and has gone at It
with a will. Tiie
chief part of his task
Is acting as director
of an industrial emer¬
gency committee
which has been given
Donald sweeping supervisory
Richberg and co-ordinating
powers over the ma¬
jor agencies of the New Deal.
What is going to happen to the NBA
Is an absorbing question to many ot
our best minds. General Johnson lias
recommended the creation of an en¬
tirely new body to take its place and
to perforin the functions of the fed¬
eral trade commission in preventing
monopoly. In this he recognizes as
just some of the complaints uttered
by Senator ljorah. The plan was sub¬
mitted to Mr. Roosevelt before he
went to sea, and Is being studied by
Richberg and others.
The administrator, meanwhile, Is
undertaking to complete the regimen¬
tation of Industry. He Issued an or¬
der directing all Industries still un-
codifled either to sign specific codes
or to submit to a new "basic code"
governing wages and hours. A time
limit of 30 days was set, and three of
the general's aides were named to su¬
pervise this operation.
Senator James Hamilton Lewis ot
Illinois, In his capacity ot chairman
of the Democratic senatorial cam¬
paign committee, replied to the charge
that the New Deal fosters monopoly
by asserting that the administration
intends to prosecute the monopolists
“At the demand of large business,
stimulated by the national chambei
of "congress^*- commerce,” said Senator Lewis,
the votes of both parties
suspended the trust act to allow all
business to economize by consolidation
to ’save expense’ and provide ‘larger
development.' Result: Instead of
keeping faith with the government,
certain manufacturing and financial
establishments, conscious that the
trust law was suspended, promptly
violated the codes of the NRA by
Joining with each other to fix the
price of everything—even as against
the government Itself.
“This administration has Just been
able to discover the responsible par¬
ties to this conspiracy. It has not had
time to take steps to punish it. It
will proceed at once botli to punish
and obstruct further injustice."
In another statement Senator Lewis
indicated the President ts willing to
modify the NRA and perhaps some
other New Deal policies.
“What the President wishes, in ad¬
dition to the reorganization intrusted
to Mr. Richberg and his associates, is
that there shall he gathered from the
public, wherever possible, whatever
objections exist as to legislation late¬
ly passed," Senator Lewis declared,
"lie desires particularly to know
where business feels that the legisla¬
tion Is Inappropriate to its welfare or
where some change In the legislation
would best serve the general uses of
legitimate business In the promotion
of general (Sosperit.v in all branches
of commerce and Industry.”
DUNG ambassador to Cuba is no
EJ snap. The authorities of the is¬
land republic have Just uncovered an
extensive plot to assassinate Ambas¬
sador Jefferson Caf¬
fery with bombs,
many of which were
found. SomethlDg
like seventy-five for¬
mer army officers were
arrested and It was
said documentary
proof of the plot was
seized. The officials
also found large
stores of guns and
munitions in ware¬
houses. Jefferson
Jose Pedraza. chief Caffery
of the Havana police, said the former
officers were aided by one faction of
the ABC political society, which re¬
cently withdrew Its support from the
Mendieta government, and planned a
revolt In Havana. Striking at police
stations and army barracks simul¬
taneously In a night attack after cut¬
ting electric lights off over the city.
There were persistent reports in
Havana that President Mendieta would
resign in favor of Col. Fulgenclo Ba¬
tista, head of the army.
*T-MlROUGn four counties of south
1 ern Illinois a tornado swept, and
Jacksonville was especially hard hit.
Scores of persons were Injured and
the property damage was estimated at
a million dollars. Hundreds of the
big old oaks, elms and cottonwoods
that have been the glory of the city for
many years, were destroyed.
DADE COUNTY TIMES: JULY 19, 19.14
mnlk.#*, eduction in the United
• V States this year will be the low¬
est since 1896, according to the gov¬
ernment report. For the second year
since 1890 the yield will fall below
domestic consumption.
The government’s figures, which
completely upset calculations of the
grain trade, indicated the aggregate
of the country’s five leading grain
crops will fall 450,000,000 bushels
short of last year's production and
1,588,000,000 bushels below the yearly
average for the period from 1927-31,
The government estimated the total
wheat crop at 484,000,000 bushels,
which is 16,000,000 bushels below the
forecast It made a month ago.
Even more sensational than the re¬
port on wheat was the government
prediction of a corn crop of 2,113,000,-
900 bushels. Private authorities had
predicted a crop of 2,334,000,000 bush¬
els, and It was believed that the gov¬
ernment’s figure would 6how little
change. The corn crop has been
counted on to make up the known de¬
ficiencies in other feed crops. Last
year tiie corn crop totaled 2,330,000,-
000 bushels and In the five years from
1927 to 1931 the country produced an
average of 2,510,000,000 bushels a year.
’TpHE world civil service commission
1 of the Methodist Episcopal church,
In session at Evans ton. 111., voted to
participate In the campaign against
dirty moving pictures that originated
largely In the Legion of Decency or¬
ganized within the Catholic church.
This campaign Is having its effect
on the movie industry and the makers
of film pictures have been deeply dis¬
turbed. Joseph 1. Breen of Will
Hays’ office has been made virtual dic¬
tator of pictures In so far as their de¬
cency Is concerned. Ten of the larg¬
est concerns making movies have
agreed to "grant to exhibitors the right
to omit the exhibition of any motion
picture released prior to July 15. 1934,
against which there is a genuine pro¬
test on moral grounds.” This is a big
modification of the “block booking"
system that has prevailed, and at
Hays’ office in Hollywood It was said
that It will cost the producers around
ten millions of dollars.
IT MAY be that William P. MeCra*
*■ en, Jr., will not have to serve the
ten days in Jail to which the senate
sentenced him. The District of Colum¬
bia Court of Appeals, by a 3 to 2 vote,
decided the senate had not the Juris¬
diction to inflict such punishment.
The case will be carried up to the Su¬
preme Court.
McCracken was tried by the senate
for contempt because he refuser! to
give the airmail committee copies of
correspondence with his clients. He
claimed that as a lawyer he could not
produce the documents without per¬
mission from his clients.
't'HOUSANDS of applicants for
1 PWA funds are sure to be disap¬
pointed, according to Secretary Ickes,
who says nearly all that administra¬
tion's money has been allocated or
earmarked. President Roosevelt re
cently turned over to PWA about
$400,000,000 of the maximum of $500,-
000,000 which congress authorized him
to allocate for public works.
Ickes said tiie other $100,000,000
might be handed over to the PWA
later, but that “we are proceeding on
the theory that we will have $400,000,-
000 to spend" In addition to the orig¬
inal $3,300,000,000 appropriation dis¬
posed of long ago.
IT'OR the first time in history a newR
I 1 office lias been picketed by
paper
editorial workers. This was done hy
leaders of the American and New York
newspaper guilds to the Long Island
Press, published in Jamaica. L. I. The
Press says K “operates all its mechan¬
ical departments on a union basis ami
exceeds the requirements of the NRA
In every department." But He.vwood
Broun and his colleagues aver it op¬
poses the organization of editorial
workers and has violated the collec¬
tive bargaining provision of the NRA.
Therefore they are asking that the
government prosecute the Press.
/COMMUNIST agitators who fostered
a farm strike in New Jersey didn’t
get far. The government eonciliator
stepped In and, finding most of the
trouble was due to the efforts of the
reds, soon made arrangements for the
men to go back to work on terms that
did not differ from those formerly
prevailing. The Communists are
playing a big part In at least ten of
the major strikes now In effect
\ I T ITH its eyes on the coming con-
W gressional campaign, the G. O. P.
elephant Is sitting up and taking no¬
tice. In other words, the Republican
party Is showing signs of a distant
revivification. Its national leaders
are busy these days. The party's
eightieth birthday was celebrated at
Jackson, Mich., with many speeches
and assurances of future victories.
National Chairman Fletcher being In
the van of the assurers. Mr. Fletcher
then went to Chicago, where many of
the most Important men In the party
met with him in closed conferences.
PRESIDENT ROOSEVELT made
U brief but pleasant visits to Puerto
IUco and the Virgin Islands, Inspect
Ing government projects and talking
reassuringly to the Inhabitants. Then
the cruiser Houston headed for Carta¬
gena, Colombia, for a short stop before
going to the Canal Zone.
At Colon practically the entire
population was out to see Mr. Roose¬
velt, and he was cheered all the way
through the canal to Balboa. There
he landed and motored to Panama
City where he was the guest of Presi¬
dent Arias at dinner and delivered an
address. Returning to the Houston,
the President began the 12-days jour
ney across the Pacific to Honolulu.
National Topics Interpreted
by William Bruckart
!
BRISBANE
THIS WEEK
Eagles, Ospreys, Crows
Morgan's Corsair Sails
What Is Wrong?
Three Better Things
In Alberta’s huge Jasper park. F*red
Brewster, a Rocky mountain guide,
watches eagles and ospreys, also
called “fish hawks,” sitting on the
high limbs of a tree, eagles at the top,
ospreys below, and still lower down
plain crows, all watching the lake.
An osprey drops, brings up a fish.
Two eagles pursue, the frightened
osprey drops the fish. The eagles try
to catch it, usually fail. The crows,
flying close to the surface, in a body,
never fail, always get the falling fish
and enjoy it
There you have our civilization
upside down. With us, those nearest
the ground get the least, those next
above get a little more, and those at
the very top get practically every¬
thing.
J. Pterpont Morgan of Rroad and
Wall streets ordered his big yacht,
Corsair, to his front door on East
Island, and will cross for a short vaca¬
tion In England.
Once such a trip might have aroused
envy, but no more. The traveling
salesman, the “lady buyer” for a de¬
partment store, almost anybody, may
cross on a bigger, faster, finer boat
than the Corsair at a very reasonable
price.
The wise socialism Is that which
gives to the big crowd bigger and
better ships, parks and hotels than
any individual, no matter how rich,
could afford tor himself.
Also, among Americans of the right
kind, a man and woman take pride In
Improving their own little house or
boat, wasting no time in foolish envy
of others. There is no real happiness
of possession, except in what we earn.
What Is the matter with this coun¬
try, swindled by assorted gangs of
politicians, robbed by Innumerable
gangs of grafters, racketeers, high¬
waymen, degraded by indecent moving
pictures and other entertainments, the
public peace and faint signs of re¬
turning prosperity imperiled by strike
troubles and violence?
Has the United States become a
sort of "western China,” unable to
take care of itself? In what direc¬
tion is it headed?
President Roosevelt, warmly wel¬
comed hy marching, singing and prais¬
ing citizens In Porto Rico and the Vir¬
gin Islands, hoped to make the New
Deal reach every corner of the United
States, saying; “I believe in better
homes, better living conditions, and a
better chance to earn a living.”
Everybody believes In those things,
and since tiie beginning of history,
and long before, lias been trying to
get them.
Tiie questions is how to provide
those things permanently.
Tiie widespread attack on disgrace¬
fully immoral moving pictures has
compelled those that trade in inde¬
cency to take their minds off the box
office for a moment and consider a
serious danger. The crusade against
indecency, led by the Catholic church
and directed by the Archbishop of
Baltimore, who began the crusade, has
been joined by Jewish synagogues and
rabbis, and now many Protestant
bodies have decided to take part.
Rudolph Hess, representing Hitler,
and speaking as “a soldier of tiie
front,” suddenly changed, in his broad¬
cast, from German to French, and ap¬
pealed to the old enemy across the
line not to make necessary the build
ing of new trenches, urging that trench
life is not pleasant.
Herr Hess might have added to his
speech:
“While our German troops never
reached Paris in all the four years of
the last war, remember that German
airplanes would reach there In the
first two or three hours of the next
war arid a few hours later not one
of the great monuments of Paris would
be left standing; not Notre Dame, the
Madeleine or the beautiful Sainte
Chapelle.”
Bombarding airmen will not spare
monuments dearest to the enemy.
Everything would run smoothly If
all the United States representatives
and senators felt as G. Bryant of West
Virginia feels. A candidate for con¬
gress. his platform reads:
“I am behind President Roosevelt
all the way. I’ll Jump off the top of
the Washington monument if he wants
me to.”
A solid house and senate like that
would make Fascism unnecessary.
Congratulate Mussolini. "Dressed In
boots, old trousers and a blue sweat¬
er,” he helped Italian workers to har¬
vest crops on the Pontine marshes,
changed by him from fever-breeding
swamps into fertile, dry ground.
Mussolini and modern machinery
did it, where former rulers had tried
and failed.
"Sleeping car airplanes” are now a
reality. They have been foretold In
this column and elsewhere for years.
Foolish plans are proposed and fool¬
ish things are done, but real progress
continues.
©, King: Features Syndicate, Inc.
WNTJ Service.
Washington.*—Instead of July prov¬
ing to he a month of doldrums, which
is so often the case
Campaign | n the National Cap-
Issues Drawn Ral, H has turned
out to be one of the
busiest, politically, in recent years.
A result of it is that, fully six weeks
earlier than usually, the campaign is¬
sues for the fall elections are drawn
squarely on President Roosevelt and
the New Deal. With the initial blasts
already in the record, it is quite ap¬
parent that the campaign will he pred¬
icated on the claim of the Republicans
that the New Deal has not been what
it was cracked up to he, and a defense
by the Democratic spokesmen that we
are all better off because of It.
But there is a third element to be
considered in the coming campaign.
It Is the personality, influence and ora¬
tory of Senator Borali of Idaho. His
sudden decision to do battle as a ‘‘lone
wolf” has Injected an issue in Itself,
and my Information is that the Idaho
senator’s participation in the campaign
is not to be minimized. He has a great
following; he is an orator than which
the country has produced few who are
greater, and he has a finality about
his decisions and methods of express¬
ing them that is pretty hard to beat
down.
President Roosevelt put his case be¬
fore the people before he went on his
vacation in his usually simple and di¬
rect style. No one deprecates his abil¬
ity to do that, and I think, generally
speaking, Washington observers are
agreed that his proudest effort was
made when he spoke to his millions of
radio listeners late in June. I have
heard much praise for the President
as a result of his direct question to
those millions: “Are you better off
than you were a year ago?” Every one
could understand it, and every one
could analyze his own condition for
himself. Of course, many of the Roose¬
velt opposition are criticizing the
speech for “saying nothing” and for
other reasons, yet 1 believe unbiased
observers are agreed that Mr. Roose¬
velt opened the fall campaign of his
party in a very clever manner from a
political standpoint.
Respecting the effort of Chairman
Henry P. Fletcher of the Republican
national committee. In his opening
blast, there seems to be little disagree¬
ment that he has taken a decidedly
bold stand. If tiie Republicans ale to
get anywhere, it is obvious that it
must be through Mr. Fletcher’s lead¬
ership. When he went against the ad¬
vice of some of his timid ndvisers,
therefore, and made the President and
his New Deal policies the issue, he
displayed courage of a kind that is
regarded around Washington as being
a little unusual for a minority party
chief. I am told that a good many Re¬
publicans wanted to peck away at
various items of the New Deal and at
various subordinates of tiie adminis¬
tration to gain favor. Mr. Fletcher ap¬
parently chose to fly straight into the
fight, marking Mr. Roosevelt as the
adversary and lidding him personally
and directly responsible for whatever
shortcomings can be bnearthed as a
result of a year and a half of un¬
precedented, breath-taking activity by
the New Dealers.
Mr. Fletcher’s program will not be
easy to execute. For example, Senator
Barkley of Kentucky, who was the
keynote speaker at tiie convention
which accorded Mr. Roosevelt the
Democratic nomination, already has
been on tiie air waves with an an¬
gered answer. The Kentucky senator
did not pull his punches, either.
* * *
How tiie Roosevelt forces will com¬
bat Senator Borah’s argument is not
yet apparent. They
Borah’s have two diffic u 1 t
Blast problems in connect
tion with the Borah
attacks. In the first case, the Idaho
senator really disarmed the Democrats
to a certain extent when, in his ini¬
tial blast, he turned one barrel on the
Democrats and the other on the Re¬
publicans. He did not mince words
and the Democrats cannot say with
respect to Senator Borah that he spoke
In generalities. So in fighting back at
him, the Democrats are confronted,
first, with his disclaimer that he Is
fighting a Republican battle and, sec¬
ondly, that he avoided direct charges.
Nothing could be more direct than the
chaise that the New Dealers have
built up a bureauracy in Washington
that destroys Initiative and eats up
taxes.
The Republicans can get away with
out paying any particular attention to
the Borah bombardment. Whatever
criticism he levels at the Roosevelt
forces naturally redounds to Repub¬
lican benefit, and when Senator Borah
says the Republicans are not fighting
off monopoly, their natural answer Is
that they are not in control of the
government machinery which has done
away with anti-trust laws In favor of
the codes and blue eagle.
I understand that there Is a possi¬
bility of Senator Nye of North Da¬
kota Joining with Senator Borah. Sen¬
ator Nye, although a Republican, sup¬
ported the Roosevelt candidacy. It
was the North Dakotan who conducted
the fight against General Johnson and
the recovery administration in con¬
gress last winter because of what
Senator Nye felt was discrimination
against the “little fellow" and in favor
of big business. He made so much
noise about the situation that the iw
ldent eventually named the Mm
board of review of which Clare,,™
Darrow of Chicago was chairman
Senator Nye takes | it ‘
up the cudgel a fln
with Senator Borah, therefore, his
tacks and criticism at
directed obviously win be
at New Deal policies tiie we,
they worked out in NRA. With the
Republican fire charging Mr. Roosevelt
with full responsibility, it becomes
plain that Senator Nye will be an
other thorn tn the administration’s
side despite any statements he may
make that he merely wants to correct
some of tiie shortcomings.
Notwithstanding what the two “lone
wolf” senators have to say or what
Mr. Fletcher and front-line Republican
orators charge, the Roosevelt forces
are understood to he digging in behind
the President’s question to his radio
audience.
• • •
A good many observers in Washing,
ton are Inclined to tiie opinion that
President Roosevelt
Too Much Is beginnings
Duplication ®hake down” his
various boards and
commissions and agencies to which he
entrusted particular phases of the re¬
covery program. The chances are, say
these observers, that Mr. Roosevelt
has seen too mucli duplication and
overlapping of effort and is now en¬
gaged, through trusted advisers, in onr.
relating the efforts to tiie end that
some of tiie numerous “alphabetical
agencies” can be retired.
Tiie view above mentioned appar¬
ently was given birth by the selection
of Donald Richberg to serve as head
of the so-called executive council for
the next several months. Mr. Rich¬
berg was given leave from his Job as
general counsel for NRA In order to
take over the new work in which he
succeeds Frank C. Walker. It was an-
nounced that Mr. Walker will have t
merited vacation concurrently with
the President’s rest, and that Mr.
Richberg would act as the eyes and
ears for the Chief Executive.
But there is more to the situation
than those statements. The President
is aware that there is an undercurrent
of differences among some of his ad¬
visers, and such a condition, of course,
is not Improved by overlapping of au¬
thority. It is quite evident, therefore,
that Mr. Richberg has been assigned
to the Job of untangling the skein
where several strings have become
knotted. And, further, it seems to me
to be only natural that there would
be such difficulties where the struc¬
ture of government has expanded so
rapidly.
If one examines all of the facts as
they stand, therefore, and lias in mind
how rapidly things have changed since
Mr. Roosevelt took office in March,
1933, It would appear that the time
has come for the settling down proc¬
ess.
In some quarters in Washington, the
feeling has prevailed that Air. Roose¬
velt went on the Hawaiian cruise in
order to let administration affairs
rather settle down of their own ac¬
cord.
• • •
Although foreign trade experts are
scattered throughout the government
and are doing every-
Exports thing in their power
Mump c , to promote foreign
trade, exports of
American farm products continue to
slump, and only recently hit the low¬
est point in twenty years. The Depart¬
ment of Agriculture made public fig¬
ures the other day disclosing that es-
ports of farm products In May aggre¬
gated exactly 50 per cent of the aier-
age from 1909 to 1914. Since those
years are regarded as normal and do
not Include the peak years after the
end of the World war. May exports
this year obviously were not much
more than one-third of tiie record
years. exports
There is always a decline in
of farm products in the spring, hut : It
seems to have been a lot worse ths
tiian usual, the total being ,lin
year 1933. Cotton
siderably below May of
apparently was the commodity tor
which there was least demand, * ni
when cotton exports fall off the whole
drops because our cottoni ex¬
average In the "•
ports cut a big figure
shipments abroad. Department o • L
culture figures show that there *
only 299.000 hales of cotton
1933 ,
In May, whereas in May,
shipments of this commodity amount
to 628,000 bales. Japan, Great Brl
and Germany, American the cotton, three each P rl f jP*’ too
ers of the
In May thia year than in -• -
month of 1933. happened d ,
These conditions have imporhMKirt
spite creation of the
bank, of which George N. W
the des g{
chairman, and ‘' ' retarv
Francis B. Sayre, assistant sec - g
of state, to give special ar^ ^
promotion of foreign trad . ■ ^
assignments are, of cours agencies ‘'. o f (he
tion to the various
Departments ofCommerce
culture whose Job it nyt hiDg
foreign trade. Better fr*te>
the cond ‘' 10 . " “ ]]S
else, perhaps, old adage that fhat too
the truth of the
can lead a horse to ‘ ^ „
make him dri ^
cannot • jucts
for our f ® p r0(
no demand 1 ' 4 „ 0 f
abroad, you cannot t* ’ otw )t)*
the theories of profess
standing. New*?**** ,, loB .
© by Western