The Waterbury Democrat., 1942-08-18
one per cent would mean 8 sav- ing to the government and a loss to the company of $2O, ,O0O, 900.

one per cent would mean sav- ing to the government and loss to the company of $2O,OOO,OOO.
 Meanwhile, the Securities and Exchange Commission on August 4 made a report bitterly con- demning Haskins & Sells for obviously manipulated" financial statements in the Associated Gas & Electric case.
 "The accounting firm," ac- cording to the SEC, Hacked in- dependence"
 Yet members of this same firm now sit in high Army-Navy posi- tions where they will not need to exercise
 HULL ON VICHY
 Much-loved Cordell Hull oc- casionally opens up to his close friends and gives his own inside views on important diplomatic situations.
 Talking to them the other day, he gave his version of the very controversial State Department policy toward the Vichy Govern ment, somewhat as follows:
 People say I am fond of Vichy," he explained, "but I know what the Vichy Govern ment is up to. However, every week or so the British have come to me and said: Don't break relations, we need you. You are serving the best purpose by maintaining your present position
 "O1 course, it would have been better" continued Secretary Hull, Eff the French had gone on to Africa. And MT. Bullitt- who is a very fine man-had instructions to follow the French government to Bordeaux and TOulOn and then to Africa.
 'But MT. BulIitt-whO Is a very fine man-remembered an- other Ambassador who had made great name for himself by staying in Paris during the last war (Myron T. Herrick), and MT. Bullitt wanted to make a great name for himself, too.
 "So he stayed in Paris. And I had to send MT. Riddle with the French government. MT. Riddle is a very fine man, but the French did not know him. He had no influence with them. And so the French government never went to Africa. .. .. .. ..
 NOTE-Many neutral diplomats agree with Secretary Hull that Ambassador Bullitt, who was or the most intimate terms witE Premeir Daladier and toher mem bers of the French cabinet, might lave been able to persuade them to set up a separate government in North Africa had he accom- panied the cabinet on its exit from Paris. President Roosevelt himself had counted on the French setting up government in North Africa and continuing the fight from there.
 'PASS-THE-B -BISCUITS-PAPPY
 White House advisers say that the President wac not much con- cerned about the victory of ar dent isolationist Congressman Fish in FDR's own district. Fish's renomination was expected anG the real battle will be at the polls in November.
 But the Presidents friends make no secret of the fact that he is very much concerned and wants to do everything he can for Judge Jimmy Alfred, who is running running against Senator Pass. the Biscuits Pappy" ODaniel ir Texas.
 Pappy Is the man who is "not much worried about the war And Alfred is the former judge and former governor of Texas whom the President persuaded te resign from the bench to TUT against Pappy.
 It is now recognized around thu White House that the President made a big mistake, not by per- suading Alfred to run, but by fail. ing to appoint his successor unti shortly before the primary. Result was that the people of Texas got
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