The Waterbury Democrat., 1935-12-04

Among these, the most import ant is the unprecedented liaison between the U. s. State Depart ment and the British Foreign Office. This began some time ago in dealing with Ctina's currency problem.
 Long before that, the determin- ation of a small group of senators from a bloc or far western states to force up the price of silver, had resulted in a policy of sil- yer purchase by the United States Treasury. This, in turn, forced up the cost of living in China, eventually caused the abandon ment of the silver standard by the Chinese government.
 Japan's military march into the northern provinces of China was partially an outgrowth of this silver policy. Japanese invasion would have come anyway, es- pecially because of the preoccu- patton of the British fleet in the Mediterranean. But the silver policy hastened it..
 Chinese Silver
 The abandonment of silver and the depreciation of the Chinese dollar made it more difficult for Japanese goods to find a Chinese market. Japanese merchants found their wares piling up on the docks of Kobe and Osaka. Japanese factories began to close down.
 This. gave the Japanese mili- atry clique their excuse. They raised a hue and cry for the occupation of North China. And despite the protests of Great Britain and the hesitancy of the Japanese Foreign Office, even- tually they got their way.
 Meanwhile the British Foreign Office and the American State Department continue to play a close game. Occasionally there are slight signs of disharmony. Hand-In-G Glove
 One of these came when Sir Frederick Leith-Ross, British ad- wiser to China on its new cur- rency policy, passed through Canada. He telegraphed Henry Morgenthau to meet him in Ot- tawa.
 Henry, who felt that any Bri- ticher who wanted to come to see him should come to Wash ington, wired back telling Sir Frederick, in effect, where he could get off.
 But aside from this, Anglo American policy in the Far East is almost hand-in-glove.
 Stranger
 Up to his ears in work recent ly, Colonel Horatio B. Hackett, assistant administrator of Pulp lie Works, gave strict orders he was not to be interrupted "by anyone.
 A few hours after laying down this edict, Secretary Ickes, Ad- ministrator of Public Works, came into Hacketts' outer office, start ed into the inner sanctuIn be- yond.
 'Here, here." snapped 2 re- ceptionist, new to her job, 'what are you doing? You can't so in there"
 "Oh, the colonel will see
 --al Yxl~~- ~.a2ul1xz
 "He Is seeing no oney rep. rimanded the young lady.
 Not even the secretary?"
 ."Well, perhaps the secretary, but not you!"
 Father vS. Son
 When the Securities-Exchange Commission tested out the legal ity of the Holding Corporation Act, it sued Electric Bond and Share, of which the most irn- portant subsidiary is American and Foreign Power.
 Director and one of the most important stockholders of Ameri- can and Foreign Power is Owen D. Young. prominent democrat.
 Member of the Securities-Ex- change Commission, which is suing his fathers firm, is Philip Young.
 Business Regulars
 The next time Governor Ali Landon makes a pass at the New Deal for regulating business. ad- ministrationites are prepared to blast right back at him with his own words.
 In his recent Cleveland speech before the Ohio Chamber of Com merce, the Kansan deplored Rooseveltian efforts to regulate business. Later, democratic marks men began digging into the files and uncovered a prize bit of ann munition against Landon.
 It consists of Q telegram sent by him on November 13, 1884, to Representative William F. Cole, chairman of the Congressional oil investigating committee. In it. Landon, who is an oil operator himself, enthusiastically acclaims the federal governments regula- tory measures in the industry. The wire reads:
 National and local benefits secured through cooperation of