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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Apr 14, 1938

Page

14

Believe Japan Will Invade South China

Foreign experts predicted Japan would try an immediate invasion of South China to divert attention from the North Central front. Front reports note a stiffened Chinese counteroffensive and a fierce battle near Yinsien in Shantung. Naval and air force concentrations were seen off Amoy and Foochow with eight Japanese warships anchored at each port. Reports also claimed eight submarines based near Manshan Island and warships off Fukien ports between Shanghai and Hong Kong.

Bhanghat Japan

Fearful forecast on pump priming by bankers council

EDGEWATER PARK Mins April 14 The executive council of the American Bankers Association warned that large scale pump priming by the Federal government would almost surely impair money value unless it restores business confidence. The council urged cooperation between government and private enterprise to revive profits prospects. Leonard P Ayers led the economic policy commission which drafted the report adopted at the annual meeting.

Edgewater Park Mins Executive Council the American Bankers’ Atsoelation Council Association Economic Policy Commission Leonard P. Ayers Cleveland Trust Co Cleveland

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