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Newspaper
Osceola Record
Location
Osceola, Nebraska, United States of America
Date
Feb 01, 1940
Page
6
Weekly analysis notes U S public opinion shifts against Britain over war measures and shipping seizures. It details protests by Cordell Hull, Indian independence tensions with Gandhi, British actions toward Japan and Germany, and Romania's cautious neutrality amid oil contract pressures.
Treasury Secretary Morgenthau voiced support for raising the federal debt ceiling by five billion dollars beyond the current 45 billion while signaling cuts in spending and calls for possible tax changes. He told the House Appropriations Committee the hike involves no particular danger, though lawmakers reacted with concern as Congress trimmed 11.5 million from the treasury and post office supply bill, narrowing the total to about 128.14 million.
The report notes reductions in administration estimates to avoid new taxes and debt limit increases. It describes a Senate plan to expand the Export-Import Bank’s fund for up to 100 million dollars to aid Finland with non military purchases, though Finns show little interest. House debates the reciprocal trade act as Dies Committee is renewed, and Nye is named to replace Borah on the Foreign Relations Committee amid St Lawrence seaway talks.
Trend reports mortgage debt payments for 75,000 land bank loanholders will ease via a reamortization plan extending terms. Cause is Secretary Henry Wallace gaining full control of the Farm Credit Administration. Communications shifts note FCC weighing tentative radio wavelength reallocation under the North American regional agreement. Signatories include the United States and neighbors Canada Cuba Haiti and Mexico. Freely, the National Labor Relations Board holds free speech not absolute in a case involving Ford pamphlets criticizing NLRB and unions.
In a quiz style set, five questions probe a former five term president Giuseppe Motta of a mountainous European country, Edwin Carewe’s latest news angle, Ignace Paderewski heading a government in exile, Earl Browder passport fraud trial outcome, and Wang Ching-wei as head of a collaborating government in China.
In Switzerland a man named Browder was sentenced to four years in prison related to actions involving Poland in exile and Japan's puppet government in China. He appealed the judgment.
At the United Mine Workers convention in Columbus John L. Lewis blasted at candidates Garner and McNutt and raised suspicions that C I O backing favors Wheeler for president. He said his speech was aimed at professional politicians while mine workers show 45 resolutions urging a third term.
In a single week Japan faced crises with Britain and the United States. Britain barred its ships from Japan while the 1911 trade pact with the U S expired, souring commercial ties. Talks with U S diplomat Joseph Drew ended abruptly as Tokyo offered no new treaty. The embargo threat looms as U S church groups press for action against scrap iron used in China.
Helsinki claimed 20 000 Soviet troops fell as Finns repulsed a major invasion northeast of Lake Lagoda amid high Red casualties. Foreign volunteers flowed in from Scandinavia and elsewhere while Soviet bombers strike Finnish towns. Four days earlier Britain's destroyer Grenville was torpedoed and Exmouth sank in the North Sea with heavy crews lost. Western front seen as peaceful.
In Washington Lord Riverdale reveals Britain and France settled on air power to win the war. Britain will buy 10,000 American planes, with monthly output rising to 2,000 by spring. The move targets German psychology as naval blockades fail.
In a Washington column, Hugh S. Johnson argues Stalin lacks confidence in his generals, critiques Finnish war reporting, and ponders U.S. cabinet regional representation led by Bob Jackson as attorney general. He mocks New York dominance and praises select leaders like Hopkins and Morgenthau while labeling McNutt and Perkins in distinct terms.
In Rome the Fascist press argued the liner Orazio, burned at sea, may have reached Barcelona if not halted by a French warship. In Berlin under Hitler, the pocket battleship Deutschland was renamed Luetzow after slipping home through the Allied blockade, its former name to be given to a new 35,000 ton battleship.
A traveler's telegraph cut signals danger for help in Australia as linemen locate the fault miles away. US marriage licenses go unused weekly, dial telephones omit Q, and Buddha is depicted wearing glasses. The New York Institute of the Blind runs a camera club for blind photographers who develop and print their own work.
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