The Waterbury Democrat., 1941-06-26

\ ready been set Up and gre func. tioning, and tho other il will gel going Just aS fast as they can bt organized. Impetus for their crea. ton comes through the Rockefeller Office for Coordination Of Cofnmer. cial and Cultural Relations Be- tween the American Republics, aiit young Nelson A. Rockefeller is co. ordinator of the whole movement with State Department blessing. A Hypothetical case will show how these development commissions will work. Brazil has been export. Ing Increasingly large amounts oi raw cotton to Europe. That trade cut off, Brazil decides she necdi mills Of her own to manufacture cotton goods for local consumption
 The Brazilian Development Com. mission, made up Of Brazilian bust. ness men and government officials look over the project. They deter. mine how much Brazilian capital they can get together, what caps aeity tho mills must have, how much machinery they'll need and where they can get it. If they can't swing 'the whole proposition them- selves, they determine how much foreign capital they'll need. If it can't Do obtained privately maybe some Santa Claus money would help, 70 the proposition iS put up to tho U. S. Exportsfmport bank, which was organized with Q 97B,. 100000 capital for just such for. eign trade developers as this.
 SOUTH AMERICA
 DISCOVERS ITSELF
 Another way the development commissions have been working is in promoting more trade between tho South American republics thein- selves. Surprisingly enough, these countries arc just finding out they can trade with each other. chilean nitrate can Do Swapped for Argen. tine meat. Brazilian coffee and fruits can Do bartered for Argen. tino grains. Venezuelan oil, itS European market cut of, is find- ing on increasing place in the mar kets of Brazil and Uruguay, which have no of, and in Argentina, which produces only 70 per cent Of her consumption. That iiiter.Aii1ericafi trade was up 0 per cent last year over the year before. and 1t will Do up still higher in i04i.
 This trade development work is aimed at tho United stahes, too. Some Of tho wars most horrible of- fectS have been felt by yo olde gift0 shoppeg, which used to import whole shiploAds of Czechosloyakian glass, carved wood, Bavarian cuckoo clocks, Austrian cracked cr0ckery and Polish peasant prints. Some Of the Rockefeller boys got tho idea that South America might have c lot of native arts and crafts which would fit tho vacant shelves on American what.noN. They collect- cd samples and brought them up for U. S. wholesalers to look over.
 When tho Yankish buyers found some numbers they liked, Ecuado- rean beads for instance, they said fine, they'd take b00,000 dozen. This word Was rolayed back to c trader in ouayaquil, who promptly faiilt- cd. When he recovered, he said that in q year he might De able to get 1000 dozen, and the American job- ber said, nuts. It wasn't enough to mako it worth while.
 PLENTY OF
 UNORTHOD0X DEALS
 Ali this above comes under the head of orthodox trade deVeiops inentS. Somo of the Rockefeller engineered deals have been more inorthodox, like the Argentine timed beef purchase, which, while perfectly justified because tho Units cd States can't produce quality canned meats ct a price inst coii- petes with the South American product, still had ell kinds Of op- position.
 ono Of the most striking exam. pies of how international trade hag to be rejiggered to meet war cendis tions comes in considering another phase Of the cotton problem. Be- cause Of the shipping shortage, Canada has been having difficulty in getting the cotton she formerly bought from Brazil. If the worst comes Go the worst, tho United BateS may have to give Canada U. s. surplus cotton, taking in OK. change for t cotton stored in BFas gii.
 WASHINGTON SONG
 OF SUMMER
 Here are the words to that Irv- ing Berlin song, Any Bonds To- day?" reprinted by permission Of the copyright owner, who B none other than Henry MOFgenthau, JF, secretary Of the treasury:
 The tall man with the high hat
 Afid tho Whlskers 0n his chin Will soon Do knocking efi your door, afd you ought to be ifl. Tho tall fIiafi with the high hat will Do coming down your Way--- oct your savings cut, when you hear him shout, ANY BONDS TODAY7
 ANY BONDS TODAY7 Bends of freedom, that's what I'm selling. ANY BONDS TODAY7 eeEape ub the most you eafi, here comes inst freedom Inaii.
 Asking yeu t0 bay . slssFs sf fEees dem today,
 ANY STAMPS TODAY7 Wen be biest # we ail invest in the U. | .B. 4.
 Here comes the freedom man, can't
 Hiake t0nlOrY0w's pian-
 Net unless yeu bBy s share 0f freedom t0dsy.
 fntsFIudos