The Wrangell sentinel., 1940-07-12
GETTING FOOD FOR CONQUERED.
 HITLER JOB
By MORGAN NJ BEATTY AP Feature Service Writer

By MORGAN N. BEATTY
 AP Feature Service Writer
 WASHINGTON, July 12 - The men who shape the foreign policy of the United States are working temporarily on the assumption that Herr Hitler is not only the political and military kingpin of all Europe, save Russia. but the economic mas ter as well.
 So they assume. too. that it's upI to the boss to feed O,000, 600 mouths. And the republics of this hemisphere are interested in know ing how Hitler proposes to do it.
 Even in good times. if all theI food raised on the continent oil Europe (Russia excepted) were eY- enly divided, each person would only have so percent of what heI needed.
 In normal times, America makes up Europe's deficit in raw materials. Something like halt of the American nations exports go there.
 The American policy makers as sume that Germany and Italy be- lieve the distress oecasioned by the loss of markets in Europe will bs so great that almost any trade pro posal by the continent will be ae- eapted in the Americas as a matter of course.
 Three 0bstales
 But three great forces are at work to prevent such an easy sol- ution of Europe's economic problems. The first of these is Dame Nature. The second is war, And the third is a new and vastly broadened Mon roe Doctrine now in the making
 Taking these forces in order:
 l. Europe. suffered the worst winter in a half century. Spring was late, cold and wet Winter grain suffered. Crop prospects are about half as good as usual. Authentic re- ports to the U. S. Department of Agriculture indicate Rumania's crop of winter wheat is 40 percent be- low normal, and rye is 26 per cent under. Rumania is Europe's most important bread basket.
 2. Ever since Hitler came to power in 1893, Europe has been using the cream of it's substance for armies, munitions and machines of war. Even Sweden has been making munitions and armaments for other powers. The switchover from war time economy to peacetime economy always has ben disastrous. After the World war, bankruptcy was practically universal. International debts went unpaid. The depression resulted.
 German financiers already have foreseen the disaster, ahead, and in every captured country, even in Germany, rediscounts rates have been owered-which is an attempt to produce easy money. Easy money is the first step toward imitation.
 g. The New Monroe Doctrine is not only a military and political in- strument to keep European and Asiatic powers out of this hemis- phere, it is also being forged rap- idly into an economic instrument to prevent economic penetration. For economic penetration now is re- cognized as forerunner of politi- cal and military conquest.
 At the Conference of Panama last year the 21 American republics formed an intra-hemisphere finan- cial and economic advisory commit tee. And now that the loss of Eur ope as a market is implied in under cover threats from Berlin and Rome, the committee is going into action.
 Solid Front Proposed
 The first proposal to reach publi- cation is a plan to form an all-Am. erican corporation or cartel to buy up with United States dollars the surpluses in the United States and Latin America, and force European bargainers to deal with a solid front of American nations-instead of picking off business men and na- tions one at time and playing them against each other
 If that all-American corporaton is formed in Havana this summer and gets down to bdsiness-and re- action in Latin America is univer- sally favorable-the Hitler econ