The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1938-12-29
By The (P) Feature Service

What does 1889 hold? No one
can say for sure, but certain
events have been scheduled, GER
tain trends are evident, certain
background movements can be
discerned by the expert. On these
bases, here is a look at the new
year.
Business
Most business leaders look for
continued business Improvement
in 1889 but say that much de-
ponds on congressional and for
eign developments.
Twelve Wall Street economists
at luncheon all made guesses as
to what the Federal Reserve
Boards monthly industrial pro-
duction index would average for
the first six months of 1889. The
guesses ran from 100 to ITO, the
average about 1O4k. The average
for 1898 probably will be between
IS and IS.
Col. Leonard P. Ayres, Cleve-
land economist, has predicted:
''The coming year now promises
to be a period of better employ
ment, rising national income and
increased volume of national pro-
duction." Prof. o. M. w. Sprague
of Harvard said ''It is not i'm
reasonably optimistic to suppose
that at least during the next few
months, production and consurnp-
ton will be on somewhat high
er level than IL months ago."
Foreign Affairs
Foreign observers looked ahead
for an answer to the question
how much further will the fas-
cists and nazis go?
Having already got Austria and
Sudetenland, Germany was exert
ing economic and diplomatic
pressure right down the valley of
the Danube, casting eyes at the
Ukraine, and making its weight
felt with ballots in Memel. Would
she translate her influence into
acts?
Italy, which was Germany's ap-
proving partner in much of her
expansionist plans, had a plan of
her own afoot to expand at the
expense of France. How much
further it would 60, appeared to
be matter of chance
Palestine will remain a sore
spot for Britain; Germany's col
onial demands will continue to
cause headaches; Germany's anti
Jewish drive may taper off, but
other countries will continue to
worry about what to do with the
refugees; China, heartened by
American and British loans, will
continue to resist the japanese
largely by guerrilla tactics; and
Generalissimo Farnco probably
will make another big-scale eff
fort to crush Loyalist Spain.
/ .
Preparedness
National defense is scheduled to
get even more attention in 1899
than it got in '38 as the admin
istration moves to increase arm
aments on land and sea and in
the air. Reports are that Presi-
dent Roosevelt will ask Congress
for thousands of new planes.
Government
The biggest job of the new con-
gress may be to revamp import
ant New Deal laws. For instance,
both political parties have pledg-
ed themselves to extend protec-
ton provided under the social
security law. Also, the ALL, many
employers, and some congress-
men have demanded amendment
of the National Labor Relations
act. And opponents of the adj
| ministration's farm program have
pointed to recent crop referenda
as proof that the AAA must be
changed.
Politics
The new year is likely to be one
| of political evolution. When the
| revitalized Republican minority
| in congress tangles with the
Democrats on such subjects as re-
lief, spending, labor policy, social
security, and monopoly, both
sides will be considering how the
arguments will affect their posi-
ton in 1910.
No binding coalition of Repub-
licans and anti-Roosevelt Demo-
Gratis is looked for. Pressure to
draft Roosevelt for third term
may increase, with no definite an
swer probable.
Aviation