The Waterbury Democrat., 1939-01-31

G A11kC @NA1AAA1bNA speech to the Nazi ReichS official commentators emph; for peace which they read into Filters speech. This was reflected in well informed comment In Ser lin. .o.
 The Stock Exchange took most hopeful view of the speech, ano prices improved markedly. Early editions of the afternoon papers headlined: "Dr. Hitler's tonic stock markets recover" Prices soai after Hitler's speech" and "Hitiei speech starts boom; investors rush'
 But the British public had reao in the speech that Germany ano Italy stood united against the Dem ocratic world, that they would 1lgh' together in any totalitarian- demo- cratic war, that there must De a sweeping redistribution of the worlds wealth.
 Why odds Go Down
 That was the reason that the quo tations of the hard headed oettlng men. who month ago had been will ing to wager 22 to l against war between Germany and Britain H six months. shortened to 10 to to- day. .,0
 For the same reason. people looked to Chamberlain in his speech to emphasize rearmament aooVe peace. . o
 Hitlers speech was tile first move in a new diplomatic chapter when many expected to reach its helghV in a first rate European crislS prop ably next month.
 Cnamberlain's speech this alIef- noon was the second chapter
 The next was to come when Be- nitt Mussolini made speech, prop ablv either tomorrow or Saturday and gave further light on the as pirations" which he expected HltleF to help him attain. - It was an eager and anxious House of Commons which assembled this afternoon, after recess Whlch started before Christmas, to hear the prime minister give his answer 
 to Hitler.
 Devoted to Foreign Affairs
 Chamberlain had agreed, at the behest of opposition leaders, to ae, vote the first day Of the resulnea scsison to foreign affairs. It was ararnged that Major Clement Att- lee, labor party leader, should open +no det,ate on a technical motion for adjournment with an attack on government policies, with Chamoer- lain following for the government and thus starting full dress oe. bate expected to continue until II o'clock tonight. when vote on the adjournment moton, fl taken would provide a confidence vote
 Chamberlain had a dinner en- gagement last night and delayed until this morning his study or full text of Hitler's speech whlch had been prepared for him.
 Follow Hitler's Peace Note
 VI was understood that he plan ned to seize the statements in Hit Iers speech that Germany wanted peace. minimizing the idea that the rcace must be on Germanys terms - but at the same time saying main that Great Britain would ne- rotiase put not surrender, and that If ir had to fight it would fight to a bitter finish and triumph however lot,v it took and whatever 1t cost.
 He vas expected also to go out of lis way to conciliate Mussollni m reviewing for the house his re- cent visit to the Fascist leader at Ro.ne
 But it was necessary to await Mussolinis speech to get real idea of the next move in the diplomatic situation, expected to be the tirst srecific outline of Italys "asplra- tions" which France is to be asked to satisfy.
 And despite all the emphasis on peace. the real thought in the mind of people of Great Britain, and of their ally, France, was whether ana where there would be a war-par- ticularly whether war could be delayed until Britain and France drew nearer a level with Germany in air strength.
 Baldwin Was Talking
 It was noted that even while Hit Ter was speaking last night, Earl Baldwin, Chamberlain's predecessor as prime minister and the most in- fiuential single political parsonage in the country, was saying m a speech: ,,
 .There are dangerous illusions about this country in parts of Eu- rope. One of them is that our peo- pie are afraid of war. Another Is that our people will not make the sacrifices necessary to organize themselves in face of war. These suppositions are fundamentally er- roneous. I know people will brace