The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1938-10-27


can now be regarded as a serious
threat to U. S. commerce. Of the
two, Germany will be a greater
threat because she has adopted an
aggressive foreign expansion pro-
gram, moreover because her new
Sudeten territorial acquisitions
bring glassware, leather and tex
tiles into the Reich for export sale.
Focal point of German expansion
will be Latin America, which last
year gave the Reich IA per cent of
its trade, compared with 34.7 per
cent to the U. S. In this trade war,
it has become apparent the U. S.
will attempt to sell South Ameri-
cans on democracy, while Germany
sells them Naziism. Today, as the
war gets under way, the U. S. ap-
pears to hold an upper hand.
Long favored in South America
through her Monroe doctrine, the
u. S. has just helped preserve West
ern hemisphere peace by joining in
settlement of the 100-year-old Chaco
dispute between Paraguay and b.
livia. Indirectly, the u. S. could
place another feather in her cap
when Brazil called home its ambas-
sador to Berlin, apparently break
ing off diplomatic relations with the
Reich. This is President Getulio
Vargas answer to Chancellor Hit
ler's efforts for Brazilian Nazifca-
ton.
Aiding the u. S. will be increased
domestic desire to WOO South Amer
lea. Already campaign is under
way to boost our consumption of
South American goods.
A natural result of this activity
has been growing American disin-
clination to complete the long-pend-
ing u. S.-British trade pact, a senti-
ment resulting from the rebirth of
| isolationism which followed Mu-
nich's peace treaty. The greatest
stumbling block is that isolationism
calls for strengthened trade rela-
tons with Canada, plan blocked
by Great Britain's renewed efforts
| to tighten her dominion bonds. A
u. S.-Canadian trade treaty is bound
to hurt American agriculture; a
| u. S.-British treaty will hurt Amer
lean manufacture. Therefore econ
omists are betting the 'most IA
vored nation" agreements now
pending with Canada and Britain
will never be consummated.
Meanwhile, Germany is cocksure
of her position. Busily fitting from
one European capital to another,
Economics Minister Walter Funk
has completed bilateral accords
based on barter of goods with sew
eral Balkan states. In this way the
| Reich hopes to increase its econom-
/ ic orbit. But when Minister Funk
optinistically announced he would
| next attempt a barter treaty with
the u. S., state department officials
made it clear that optimism is un-
founded.
Races
Though Arabs hoped Great Brit.
ain would give them Palestine for
helping defeat Turkey in the World
| war, LOTO DdlOOI = oSSIdl dLiOll ClISl-
ed in establishment of national
home for Jews in the Holy Land.
Bitter Arab-Jewish strife has result
ed since 1923, while world Jewry
has invested $685., 900, 900 and sent
home 4O0, 900 Hebrews to the prom.
ised land" Today, encouraged by
Franco-British weakness in the face
of Jew-hating Germany and Italy
Arabs are rising again. Determined
to settle the problem, Britain's
Prime Minister Neville Chamberlain
is repeatedly considering restriction
of Jewish migration to the Holy
Land, or even complete return o.
Palestine to the Arabs. If Britain
J does either, she will arouse worlc
protest, which is already rising
among influential U. S. and British
Jews. Before Britain can vacats
the Balfour declaration, she SHOULD
get U. S. assent, which is not APP
to be forthcoming. To go aheae
without that nod of approval woule
mean a serious strain of U. S.-Brit
ish friendship, something which
England needs badly right now.