The midland journal. (Rising Sun, Md.) 1885-1947, 1940-07-26
1Aaajdaaq5n,
Washington, D. G.
, ANN "


administration have been doing
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: az
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 450, 900, 900 people and falling
under the totalitarian domination of
Japan. a
2. Germany, which will exercise
life and death rule over about AGO.
100000 people, including all the ma
tons of Europe.
8. Russia, which will govern the
trade of about 200, 000, 900 people.
A. The United States, Canada and
South America-if we can still keep
the latter under the Monroe Doc
trine. These will represent about
$50, 000, 900 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 undersell 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:
/. Reduce wages to level approx.
inating the starvation standards
paid in Germany.
2. Reduce profits, or eliminate
them altogether, if German prices
are to be met.
8. Subsidize industry and virtually
take it over, as under the Nazi, Fas-
cist, and Soviet systems.
4. Create a foreign trade 'monOp-
oily. This is what the Russians have
done for more than a decade, and
what the Nazis have beendoing more
recently. All exports abroad are
sold through the government and i'm
ports are purchased the same way.
It 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.
80
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
car, attempted to put the bee on
Democratic platform-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 1928 to 1892 and with AL
Smith bolter in 1886. Raskob spent
a half-hour comforting privately with
Farley.
Two most photographed women at
the convention were Evie Robert,
photogenic wife Of the secretary Of
the national committee, and stately,
white-haired Mrs. Mack, national
committeewomans from the Virgin
y s4- =
Two other unusual visitors were
Mrs, Alice Longworth. and Forrest
Davis, goateed newsman, both &C.
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 minute fraction of a
VOTE. Texas. with As votes, sent 1856
delegates; Mississippi, with Is votes,
has 1903 delegates; and Montana,
with six votes, has 26 delegates. !.
One Mississippi district with two
votes elected So delegates.