The Waterbury Democrat., 1938-09-29

AuSGr1a.
There German efficiency already
has started to make cultural Vi
emma the Hamburg Of Southeast
Europe. Work has begun on the
Main Canal connecting the Dam
ube with the Rhine. This will give
q water route from the North
Sea to the Black Sea, will come
near fulfilling Bismarck's dream
Of q Mittel Europa extending from
Berlin to Bagdad.
simultaneously Killers cohorts
have begun work on two great
hydro-electric projects, the Ka-
prun and the Tarum Dam, which
will generate about 20 billion
horsepower for the industrializa-
ton of Austrian factories.
An even better picture Is pre-
scented I'm Spain, parts Of which
have been under Naxi-Fascist
domination for . longer period.
Here German scientists have
been making q minute study Of
Spanish sub-soil minerals, while
italian and German forces have
taken over the British-owned
Rio TintO mines and decreed
that their pyrites be sold chief
" to Italy and Germany rather
than TO England.
ALSO the important British iron
mines in the region of Bilbao no
longer ship ore to Britain, but to
speed the German and italian re-
armament program. Meanwhile
the British rearmament program
has been seriously retarded - all
this despite the fact that Cham
berlain gave assurances to Parlia-
ment that Franco was fighting for
the British, would protect British
interests in Spain.
MEANWHILE Germany has
taken over q virtual monopoly Of
the Spanish airlines, Is develop
ing Spanish ports, and has start
err q large textile factor, Filiatures
v Telidos Andaluses, which will
compete with British-made tex
tiles.
MEANWHILE, also, Italian inn
ports of Spanish are for rearnla-
ment have jumped from $1,000
tons in 1896 to 10000 tons in
1887, while imports Of manganese
have jumped from 5000 to u.s.
600 tons.
No wonder the Germans and
Italians no longer talk about the
need for colonies.
Winchell and Roosevelt
Walter Winchell, talking to
President Roosevelt some time ago,
complained:
people accuse nae Of being In
the pay Of the administration,
Mr.. President"
whats your income?" shot
back Roosevelt.
"Sle5. oo1," admitted WincheIi.
why, Walter" replied the
President, you're = partner"
Stock Exchange Reforms
There is a very good reason why
the Securities and Exchange Com
mission has been holding up, its
report on the Richard whitney
embezzlefnent case.
The commission Is waiting 70
see the "color" Of those voluntary
reforms the New York Stock Ex-
change promised to make. These
have been In the works for several
months now and the SEQ has its
fingers crossed until its commits
sioners see how far they 60.
The whitney report Is intended
to be much more than q mere re-
cital Of evidence Of Whitney's
larceny. Depending on how thor
oughly the Wall Street boys clean
house first, the SEC will also de-
liver some potent blows for Stock
Exchange reform.
Among other things It may dish
the dirt on o certain imposing
J. p. Morgan partner who played
very pious role IN the Whitney
affair. The Investigators report
on him Is sizzling.
NOTE - Robert Hutchins, presi-
dent Of Chicago university, has to
serve as one OF the three REPRE-
sentatives Of the public" on the
new Stock Exchange board Of
governors.
What's In a Name?
A diplomat by any other name
would smell as sweet!
AS you look over the names
Of Washington's diplomats. you
might think that Athaus is Ger
man the h Peruvian), that Boyd
is English Che Is Panamanian),
that Campbell is Scotch the Is
Chilean. that Weiser is German
(he Is French), or that Albertini
is Italian the Is Cuban.
After Big Game
Those news stories crediting
Senator William Gibbs McAdoo
with trying to land a government
job have him all wrong.