The Waterbury Democrat., 1940-01-29

haQ recelVed as COmmanQel payments.
 The agents also turned up at the bank were McNutt keeps a safe deposit box, with a subpoena for it's contents. To open the box required two keys, one being with the cashier, the other being with McNutt, so the agents were frustrated.
 However, one of McNutt's po- litical aides volunteered to get the other key, and it is under stood that most of McNutt's per- sonal papers now are in the hands of Internal Revenue agents.
 McNutt has said that he well comes the inquiry and has no facts to conceal. He also has said that while Governor of h. diana he filed no income tax re- turn since state salaries then were not taxable by the Federal Gov- ernment.
 What federal agents seem to
 be interested in, however, is
 other income received by Me
 Mutt.
 NOTE-McNutt's income tax in- vestigation started when the treasury probed the income tax of his former secretary, Pleas Greenlee. Since then, the treas ury has been using some of the information obtained from Green lee to probe the taxes of the entire McNutt machine.
 POLITICAL-GO-ROUND
 And still the presidential can didates come. Latest to toss his hat in the ring is kindly Speaker William Rankhead, who will soon open headquarters in Washington. Ostensibly after the presidential nominaton, actually the Ala baman is shooting for second place. Latest claim made by McNutt lieutenants is that AFL President William Green told the Indiana white hope he was for him. CLOS John L. Lewis has listed McNutt. Word that Midwestern COP leaders would attend the Kansas Day dinner in Topeka today (Jan- uary 29 to look over House Floor Leader Joe Martin, chief speaker of the occasion, caused a furry in the Dewey camp Russell Sprague, the young New Workers manager, hurriedly de- cided to attend. David + Ward, young South Florida State Senator, is being urged to run against U. S. Senator Charles Andrews, elderly ToWsendite and administration critic. BRITISH WAR PURCHASES
 There is far more significance behind Britain's curtailment of American tobacco, cotton and fruit purchases than meets the eye. In fact, this may be one of the most serious factors upSettiEg American economy and in the end perhaps, tending to pull this country into the war.
 To get the complete picture, it is necessary to understand the British and French economic strategy. It is complicated, but important.
 1st, the Allies are now planning to buy 10000 new airplanes in the United States. This is in ad- dition to the planes already or dered. The new planes Gas well as the old) will cost an average of $100,00O each, making total airplane bill for new planes alone of one billion dollars.
 2nd, under the Neutrality Act, this bill must be paid in cash. And when the French and British pay for other supplies already ordered in this country, one bil- lion more dollars just aboutN ex- \ hausts their ready cash.
 3rd, having no more ready cash, the Allies must curtail other pur- chases in the United States. Sec- retly this is a matter of vigorous debate between some of the French and British purchasing agents in this country. The Brit ish, at first, wanted to save some of their money for cotton, oil, steel, and other basic raw mater ials. The French favored putting everything into airplanes. In the end the French prevailed. Air. planes will be placed ahead of everything else.
 4th, this means (a) that the Allies not only will cut other ex- penditures to the bone, but (b) they will seek to secure cash in other markets. This fact explains why Cordell Hull's trade treaties