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Since then Russian trade with Britain and France has virtually collapsed, and Germany has lost half of all her import & export trade because of the blockade. As a result a German trade mission headed by Dr. Karl Ritter, former Nazi Ambassador to Brazil and largely responsible for the huge pre-war Brazilian-German barter trade, has been in Moscow to make bigger,better arrangements. Last week, as the mission started for home, it was announced that another Nazi-Bolshevik trade treaty had been signed which, Nazi officials boasted, would give Germany all the imports she needs to defeat the purposes...
...Washington there were three schools of thought on the Far Eastern situation: 1) Messrs. Pittman, Schwellenbach, Izac, Coffee, Fish, et al.-proponents of an embargo against Japan; 2) a growing group, underwritten by Secretary Morgenthau and the Export-Import Bank, which favored the roundabout maneuver of giving China a $20,000,000 credit (China had asked for $75,000,000); and 3) a sudden cloud of alarmists, frightened mainly by Columnist Walter Lippmann, who thought the risk of war was growing by the minute, but that the U. S. should hopefully do nothing...
Nearer actual aid, but still cautiously in the air was the Brown Bill, authorizing an increase in the Export-Import Bank's loan capital of $100,000,000, and making possible an additional $20,000,000 credit to Finland. The bill was favorably reported by the Senate Foreign Relations Committee last week, had the approval even of such isolationists as Senators Vandenberg and Hiram Johnson, seemed destined to pass. Debatable was the bill's practical or potential value to the Finns. The money would have to be spent in the U. S., and for non-military products...
...Department's list of strategic materials because the U. S. has plenty. But Russia's buying spree has brought some U. S. exporters less innocent profits. Few weeks ago New Yorkers were selling spot rubber and pig tin (both of which the U. S. must import) for reexport through Amtorg, chief U. S. purchasing agent of the Soviet Government. War and Navy Department officials, having failed to build stockpiles of these essentials, cracked down with a "moral embargo." Said they, nipping one 500-ton sale of pig tin in the bud, ". . . Unless the method of voluntary cooperation...
...Congress, aid to Finland moved more slowly. The Senate Banking & Currency Committee passed, 18-to-2, a compromise bill which would let the Export-Import Bank lend Finland $20,000,000 in addition to the $10,000,000 in credits already furnished.* The bill then faced a perilous passage: the Senate Foreign Relations Committee, debate on the floor, the House Foreign Affairs Committee, debate in the House...