Coulee City dispatch. [volume] (Coulee City, Wash.) 19??-19??, 1940-07-25
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Washington, d. G.
FOREIGN TRADE MONOPOLY

administration nave Deeu uolIlS
some very careful thinking about
what is going to happen to Ameri-
can trade in the future. The pic
ture is far from optimistic. Here
are some of the things they have
concluded:
After this war is over it is almost
inevitable, if Germany wins, that the
world will be divided into four great
trading areas. They will be:
l. Japan and China, comprising
about 50,O00,0 900 people and falling
under the totalitarian domination of
Japan.
2. Germany, which will exercise
life and death rule over about AGO.
OOO,O 900 people, including all the ma
tons of Europe.
3. Russia, which will govern the
trade of about 200, 100000 people.
4. The United States, Canada and
South America-if we can still keep
the latter under the Monroe Doc
trine. These will represent about
$50, 100000 people.
In the first three of these economic
areas, foreign trade will be COM
pletely controlled by government
monopolies. For instance, Germany
operating on a slave wage scale
and socialized system, will be able
to cut prices and undersel the Unit
ed States throughout South America.
Already Germany is offering steel in
Rio de Janeiro and Buenos Aires
for September delivery far under
prices quoted by U. S. steel mills.
Japan, which is sure to industri-
alize China, also will pay slave
wages, and will do the same.
U. S. ALTERNATIVES
Therefore the United States, in
order to continue any kind of export
trade whatsoever, will have to do
one of four things:
1. Reduce wages to level approx
imating the starvation standards
paid in Germany.
2. Reduce profits, or eliminate
them altogether, if German prices
are to be met.
3. Subsidize industry and virtually
take it over, as under the Nazi, Fas-
cist, and Soviet systems.
4. Create foreign trade monop-
oily. This is what the Russians have
done for more than decade, and
what the Nazis have been doing more
recently. All exports abroad are
sold through the government and i'm
ports are purchased the same way.
1t is this last system which New
Deal advisers consider least objec-
tionable of the four, and upon which
they are concentrating.
Naturally, the handling of U. S.
exports and imports through gov
eminent monopoly is a long, long
way from the Hull trade treaties.
CHICAGO CHAFF
The Utah and Florida delegations
were divided $3.50 between men and
women-the only such at any major
convention.
DR.. Francis Townsend, old-age
czar, attempted to put the bee on
Democratic p1atform-makers and
candidates as he did at Philadel.
phia, but with no better luck. The
only one to give him a tumble was
McNutt, whom Townsend was boost
ing for vice president.
Chief pluggers for the ''little bust
ness" plank in the platform, prom.
Using loans and protection against
big business, were Sen. James Mead
of New York, Chairman Adolph
SABBATH of the house rules commit
tee, DR.. John F. Carruthers, head OF
the National Small Business Re.
search bureau, and James G. DAILY,
president of the National Small
Businessmen's association.
Strange pre-convention visitor to
the national committee headquar-
tiers here was John Raskob, chair.
man from 1923 to 1882 and with AL
Smith a bolter in 1886. Raskob spent
half-hour comforting privately with
Farley.
Two most photographed women at
the convention were EVE Robert,
photogenic wife of the secretary of
the national committee, and stately,
white-haired Mrs. Mack, national
committeewoman from the Virgin
islands.
Two other unusual visitors were
Mrs. Alice Longworth and Forrest
Davis, goateed newsman, both ac-
tive in the nearly successful G. o. P.
presidential campaign of Senator
Taft.
No wonder one of the first things
the national committee did was to
enact rule limiting the number of
delegates at future Democratic con-
ventions. This one has 1904 votes
and 1896 delegates. Three states
sent veritable armies of delegates,
each with a minute fraction of
vote. Texas, with 46 votes, sent 1876
delegates; Mississippi, with 18 votes,
has 1O8 delegates; and Montana,
with six votes, has 26 delegates.
One Mississippi district with two
votes elected So delegates.
Pride of Jim Farley at the con-
vention was his attractive, 15-year-
old daughter, Ann, who acts as one
of his secretaries and takes her
duties very seriously.