New Government Lending Plan Faces Skepticism and Politics
Analysis by Joseph W. LaBine examines Roosevelts new self-liquidating lending plan totaling 3.86 billion for 2 to 7 year periods. Critics warn it fragments recovery, risks debt, and could aid a 1940 campaign while finance experts fear government control over vital assets and weak enforceable debt collection.
MENTIONED IN THIS ARTICLE
Dorgan
GOB
U. S. Housing Authority
U. S
Ccc
Senate
Alben Barkley
White House
New Deal
Crats
FHA
Roosevelt
Adolf Berle Jr
South America
Scandinavian
Rear Adm Yarnell Warns Japan in Shanghai Message
Rear Admiral Harry E Yarnell head of the American Asiatic fleet in Shanghai sent a blunt note to Tokyo declaring the U S navy will act to protect citizens and expects no interference from Japan. Yarnell a veteran of multiple wars departs this July nearing retirement after a career that earned him Japan's respect.
MENTIONED IN THIS ARTICLE
Harry Yarnell
Shanghai
Tokyo
Japan
Occidentals
Orient
Harry E. Yarnell
Independence
Iowa
America
Yarnell
Vera Cruz
U. S. S. Nashville
Turkey gains from diplomacy as Mussolini’s lesson backfires
Bonnet and Davaz sign a mutual aid pact that shifts Turkey away from the Rome Berlin axis and strengthens Anglo French control of the Dardanelles. Mussolini’s aims fail as Turkey gains Hatay, while France resists Italy’s demands on Suez and other issues. In the U S report, the 1939 40 fiscal year begins with large military appropriations for bases ships and planes as the navy accelerates construction of 75 ships and 500 airships to reach 2132 total ships and aircraft.
MENTIONED IN THIS ARTICLE
Georges Bonnet
Saad Davaz
Mediterranean
Benito Mussolini
Turkey
Rome- Berlin
Dardanelles
Balkans
Bulgaria
Russia
Britain
Mussolini
Republic of Hatay
Syrian Alexandretta
League of Nations
France
Italy
Addis Ababa- Djibouti
Tunisia
U. S
Congress
San Juan
Puerto Rico
Kaneohe
Pearl Harbor
Hawaii
Sitka
Kodiak
Alaska
Midway Island
Johnston Island
Palmyra Island
Navy
How It Works Anglo U S Barter Pact
The piece explains a U S Britain barter pact where the United States would supply England with 30 million dollars worth of surplus goods or 600000 bales. It notes nations face resource gaps and wartime trade limits and emphasizes prearranged exchanges without harming economic balance.
MENTIONED IN THIS ARTICLE
U. S
England
Britain and U S barter deal on war supplies
The plan uses 11 3 million U S bales of cotton as security for farmer loans and 85 000 tons of rubber for Britain to buy on open market. Each side will hold seven year war stock and barter may include tin chromium and manganese.
MENTIONED IN THIS ARTICLE
Britain
U. S
America
Germany
Dust Bowl Recovery Turns Dry Plains To Promising Harvests
The article notes the 1930s Dust Bowl's massive soil loss in the Panhandles and western Kansas, followed by reclamation efforts that reduced blown acres from 16 million to 800 thousand. As farmers harvest, wheat yields are forecast 15 to 25 million bushels, with better rain aiding northern plains despite continued dryness.
MENTIONED IN THIS ARTICLE
America
Panhandles
Texas
Oklahoma
New Mexico
Colorado
Kansas
Plains
Nebraska
North and
South Dakota
Wyoming
Montana
Pedestrian Safety Cries From 1938 Traffic Toll
The National Safety Council warns pedestrians are largely to blame for three of five traffic fatalities in 1938. Sorenson notes mass violations of signals, rural pedestrians on the wrong road side, and dark clothing. Thirteen percent had been drinking versus nine percent of drivers. A cure urged is obedience to signals and sidewalk building.
MENTIONED IN THIS ARTICLE
National Safety Council
Leslie J. Sorenson
U. S
Purge Expected After Lewhe Retirement in Louisiana
Forecast focuses on Earl Long purging the political machine built by Huey Long to preserve a tight organization amid dissension. First to go is Dr. James Monroe Smith once named president of Louisiana State University. Separately salvors aboard the Squalus submarine predict no raising the wreck before late July due to rescue equipment needs.
MENTIONED IN THIS ARTICLE
Richard W. Lewhe
Huey Long
Earl
James Monroe Smith
Louisiana State University
U. S
Roosevelt seeks $3.86 billion loan program for revival drive
The article argues President Roosevelt asks Congress to approve a $3.86 billion government lending plan aimed at stimulating business, with critics warning it mirrors Hoover era flaws. It warns of political motives, government expansion, and potential harm to private enterprise, while noting agencies would oversee funds and the risk of nonrepayment.
MENTIONED IN THIS ARTICLE
Congress
North Carolina
Josiah W. Bailey
U. S
Roosevelt
U.S
Washington
America
White House
House
Senate
Herbert Hoover
Hoover
Mr. Hoover
Reconstruction Finance Corporation
Hoover Administration
Norris
Nebraska
TVA
Ickes
Public Works Administration
Sam
Pee-Pul
Western Newspaper Union
Star Design Doilies Crocheted in String
Instructions for making star doilies from mercerized string with patterns 6350. Includes illustrations and stitch photographs. Send 15 cents to The Sewing Circle Household Arts Dept 259 W. 14th St New York for pattern details.
MENTIONED IN THIS ARTICLE
Sewing Circle
Household Arts Dept
W. 14Th St
New York
N. Y
Living up to faith proves harder than dying
A Thackeray quote reflects on how sustaining faith in daily life far exceeds the act of dying for one’s beliefs, highlighting the challenge of steady virtue over dramatic sacrifice.
MENTIONED IN THIS ARTICLE
William Makepeace Thackeray
Tydia E. Pinkham
Pinkham
Unbroken Heart Poem Fragment
A fragment describes a heart that claims it never broke as too hard for the speaker, suggesting vulnerability and a desire for tenderness in love.
Also Mentioned on This Page
Joseph W. Labine
Bailey Shin
Mediterranean Sea
Aerica
HATAY
Bruckart
Washington Digest
William Bruckart
National Press Bldg
Washington, D. C
United States Treasury
Mr. Roosevelt
John Ray
WNU
Eeeeienia Etieeaniaea
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