The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1939-09-23

But more cautious economists,
In a position to know, believe that
purchases from abroad may not be
able to come fast enough to take
care Of this stimulated production.
Foreign countries may have, as
reported, seven or eight billions to
spend, but they can't possibly
spend more than a billion a year
because of the simple fact that 1t
takes time to spend money.
To get an idea of the danger Of
business over-expansion, look at
the inventories as of July /, 1899,
and compare them with January
/, 1898. In January, 1888, industry
was entering on the skids. Pro-
duction had been too great and
inventories were high. But they
were not much higher than today.
Jan. I, July I,
1888 1889
Retail inventories. ... ia 113
Wholesale inventories 12S lis
Manufacturing
inventories ...... 1877 12O
This Is one reason why a cau-
tious note Is being sounded in
Washington. The last thing the
Administration - or anyone else,
for that matter wants Is
boom which will collapse in mid
air.
BRITISH BLACK CAT
Lord Lothian's black cat act
Is taking on the proportions of a
legend. When the British ambas-
Sador allowed himself to be photo
graphed outside the White House
with a black cat crawling across
his shoulders, he set a new high
for British amiability. Newsmen
dubbed the cat Crisis, and sent
the story across the nation.
Latest sequel is that Lothian
has received from a New York
firm a shipment Of six tins Of cat
food. The ambassador directed a
secretary to find out who owned
the cat - it proved to be a little
girl - and he sent the cat food
along to her.
NAZI LOBBY
The Nazi lobby lost no time in
swinging into heavy-footed action
to keep Congress from lifting the
arms embargo.
Almost the first letters which
returning members found on their
desks were from the German
American National Alliance,
pressure grsup with headquarters
in Chicago. The letters bluntly
threatened political extinction to
any congressman voting with the
President. Not content with CO.
ercive language, Paul A. F. Wrn-
holtz, chairman Of the Alliances
public affairs committee, under
scored the following:
I'VE are aiming to pledge all
our members and members Of
groups which are or may become
affiliated with us, to assist In
preventing by lawful means any
person from ever again holding
q public office, who votes for the
enactment of legislation or ter
mination of existing laws, rs .
result whereof the sale Of arms,
munitions and implements Of
war would be permitted In the
matter Of the present European
conflict"
A number of congressman turned
their letters over to the Dies Com
mittee, which has had the Alliance
under scrutiny for some months.
This Is not the first time the Al
ance has bonabarded congress with
lance has bombarded conugress
with a Nazi barrage.
Last March II flooded Capitol
Hill with denumciations of econ
omic boycotts against Germany.
flaying Jews, Roosevelt and AM
bassador Bullitt and demanding
that congressman vote for the
Ludlow Bill requiring a referendum
before war can be declared.
DOG RESCUER
A long black limousine was
headed east along q washington
boulevard. Suddenly the only pas
senger, lady, called to the chauf-
feur to stop. As the car pulled up
to the curb, O lean-bellied dog
skunk off behind tree.
II want that dog" the lady
said to her chauffeur. go get
him."
The chauffeur was not SURPRISED.
He knew the habits of his mistress,
who long has been called one
person animal rescue league. 1t
was Mathfide WelleS. wife of the