The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1938-10-12
WHAT MAKES IT TICK?
PWA DEADLINES
BARTER TRADE
JApS IN THE EAST
BUSINESS IMPROVES
ARMAMENFs CONTINUE

senator sJOS6pn L. " NWdn0ney,
of Wyoming, chairman of the
Committee, insists that the COM
Temporary National Economic
mittee's efforts to find out
what's wrong with our economic
system" is not a punitive expedi-
ton against business and that the
original resolution which created
the committee calls for an inves-
tigation of the effect of govern
mental policies on business as
well as monopolistic practices Gre
ated by business. The investiga-
ton, he says, will be carried on
in scientific and objective man.
ner. Senator O'Mahoney says
that an unprecedented industrial
growth has given birth to import
ant social and economic changes.
Among them, he cites the transi-
ton from rural to urban living,
pointing out that in 1880, seven
ty-two percent of the. country's
population was rural, while to-
day less than forty percent is SO
CLASSIFIED T
The PWA received some 10000
applications for Improvements all
over the country before the dead
line set by Congress expired. AL
lotments have been made to about
1000 projects, both Federal and
non-Federal. The next deadline
fixed by Congress is January /,
1899, by which date construction
on these projects must begin. AL
ready work has started on more
than 1000 projects. Under the
law, as passed by Congress, all
projects must be completed by
July l, 1910.
Germany's acquisition of the
industrial area of Czechoslovakia
is expected to aid in the devel-
opment of the barter" trade pro-
gram through which the Reich
conducts its international trade.
AS readers know, Germany has
purchased commodities in various
countries of the world, giving in
payment therefor marks which
can only be used to purchase
goods produced in Germany. Nat
urally, the opportunity for max
ing trades of this kind is limited
by the variety of goods which
the seller can buy in Germany.
The Czechoslovakian industries
add considerably to the stock of
goods which Germany will be
able to furnish in exchange for
these special marks.
Word from the Far East where
the japanese are doing all that
they can to Gust other traders, in
dicates difficulties for American
merchants in China. With the
japanese in control of much Chi
nese territory, American traders
are finding many difficulties
placed in their way. For example,
American ships with cargoes are
warned about the danger of
mines" although japanese mer-
chant vessels proceed through the
same tawers. At some places
there is difficulty about finding
wharves or laborers for docking
or unloading.
Industrial production which
was around rs aEt May at the bot
tom of the RECESSION, reached SO
in August and fprobahlSi touched
80 during September. BY Janu-
airy /, economists predict level
of 100. whichl is the l923-'25
average.
The Department of Labor re-
ports factory employment and
payrolls are increasing with the
improved production figures. In
August, factory employment
went up nearly five percent and
payrolls about nine percent. With
the automobile industry tagging
and spending nowhere near its
peak, an accelerated upturn is cx-
pected in the coming months.
Government spending is not as
high as some people estimate it.
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