Word: armaments
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...this war, we can continue to drift along safely on our blissful policy of complete isolationism. If, on the other hand, the Allies lose, our security against the aggressor will no longer lie with the British Navy and the French Army, but only with a greater U. S. armament program than we ever have known before. The Allies are fighting our war. If we allow' them to lose, we will face the dictators alone...
...turn. The Wall Street Journal reported: "Wall Street did not follow the rise of Tuesday and Wednesday with any confidence. . . . Much of the buying came from out of town sources where business is scanned as much as the war news." Prominent performers in the rise were potentially big armament producers like Baldwin Locomotive and American Car & Foundry. But traders were still careful about overcommitting themselves for fear of what might happen if France collapsed. First day this week they were reassured. France surrendered, the market reacted by sliding off three and one-half points on the first shock. Then...
Last week was Moral Re-Armament Week in San Francisco. MRA (or the Oxford Group or Buchmanism) seemed to have found in California its appropriate spiritual home. A hit-&-run sect which had done better at raiding than remaining, MRA and its guiding "Soul Surgeon" Frank Buchman had now been comfortably operating in California for eleven months. Something about its free-&-easy panacea appealed to the West Coast: "It's a world movement designed to build a world free from intolerance, greed, hatred and fear. You don't join anything, you don't pay anything, the idea...
Their fear and wrath at the Government abated by the promise of more zip in armament preparations, Canadians were not long in finding other sources of irritation. Royal Canadian Mounted Police in No-mining, Ottawa, Montreal, Toronto, cracked down on the Fascist National Unity Party. In a wholesale roundup they seized Führer Adrien Arcand, seven other officials, six truckloads of pamphlets, gold-braided uniforms, membership lists. In court, wispy-mustached Newspaperman Arcand was held without bail for hearing this week...
Although many a U. S. steel mill, preparing for armament orders, was in the market for scrap steel, Mussolini's agents managed to place orders for no less than 250,000 tons-the equivalent of about seven months' purchases at the rate of the last two years. Trade authorities agreed this amount was above Italy's normal needs (200,000 tons a year), was obviously headed for her (or Germany's) war chest. Steel men recalled that National Steel Corp.'s Ernest Tener Weir, in behalf of the industry, had two weeks ago demanded that...