The Waterbury Democrat., 1939-01-11

last summer practically d. policy so weak-kneed that Hitler rode over it rough-shod and tri- umphant at Munich.
 Lothian made it strikingly plain to U. s. officials that the Cliveden Set has abandoned any idea of benefits from appea.se- ment with Germany, now real izes that Hitler does not under stand conciliation and must be met with his own harsh tactics.
 Lothian, former secretary to Lloyd George. who now manages the Rhodes Trust (for Rhodes scholars), said quite frankly that England has decided that in future international discussions force speaks louder than words.
 England will fight" he said; "there can no longer be any doubt of that"
 Commenting on the events just prior to Munich, Lothian criticized Chamberlain for lack of shrewd- ness in his strategy. He referred to the incident when Chamber lain was handed a note from Hit Ter while addressing the House of Commons, and the Prime Minis ter with a joyful impulse, turned to the Commons and read the note.
 The sensation which this caused in Parliament, Lothian says, made it quite clear to the world, includ- ing Hitler, that the British peo- pie were willing to make almost any deal for the sake of peace. Therefore, Chamberlain went to Munich with all his cards on the table.
 It would have been better, says his Lordship, if he had kept an ace in the hole.
 FAMOUS DOME
 Questioned regarding Lord Loth- ian's conversation with Tommy Corcoran, Denns Smith, aStute British newspaper correspondent. replied: s.
 Tommy Corcoran is like the Washington monument or the Capital dome. Every Britisher has heard about him, but few have seen him." COTTON LOANS
 One of the big agricultural fights in Congress is going to hinge on Henry Wallace's drive to get free hand in determining the amount of future cotton loans to farmers. This means that ill years of low world prices, he wants the loan to be less. This in turn means that the loss of the worlds export market to Ameri- can cotton would be less.
 The first move in Wallace's drive was to call in a group of cotton producers from IS states Actually, most of the producers" were local or state AAA commit teemen, who could be counted on to make findings, approved by Washington officials.
 The meeting was used as a sounding board to tell Congress that its rigid legislation setting a floor to the cotton loan was causing loss of exports. Current exports of cotton are 38 per cent less than last year, and the small est in 20 years.
 One reason for this rapidly diminishing market is the cot
 ton loan which, at the average point of 8.3 cents a pound, tends
 to peg the U. s. cotton price at
 point above the price of com
 peting cotton from Brazil and
 India.
 Instead of moving to world markets, therefore U. s. cotton is moving to government warehous- es, attracted by the government loan. Present stocks held by the government total nearly 100000 bales.
 Wallace wants to be free of au- tomatic and arbitrary operation of loan law passed by Con- gress, and he hopes that Cotton Ed" Smith of the Senate Agr;- culture Committee-who recently talked to Wallace for an hour on campaigning and wild turkey hunting--will remain in 6 jovial mood and grant what he wants. Ashurst's Blotter
 In the opening session of the Senate, Arizona's ebullient Sena- tor Henry F. Ashurst was seen 1. tugging at something across his desk as if he were pulling in a fish. It proved to be a cord