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Jones explained that the contract called for deliveries over "the next two or three years.'' A better timetable: after the war. Thus the contract was really just an indirect method of giving financial aid to Russia, which has unlimited natural wealth but none too much dollar exchange. From Treasury Secretary Henry Morgenthau Jr. came a similar move: he announced that he had advanced Russia $10,000,000 last month against future gold shipments...

Author: /time Magazine | Title: Valuta for Russia | 9/29/1941 | See Source »

Equally striking was the indirect evidence of a new trend of press feeling. Also by the Twohey figures, the editorial comment on Secretary Knox's rip-roaring speech for using the Navy to clear the seas was 53% against to 25% for. But ex-President Hoover's speech saying that Germany's attack on Russia made the whole argument for the U.S. going to war a "Gargantuan jest" (TIME, July 7) won applause from 58% of the press-more than has applauded him in years-and criticism from only...

Author: /time Magazine | Title: The Press: Between Two Dictators | 7/14/1941 | See Source »

This is an excellent example of the recent policy of taking roughly four-fifths of the agricultural produce in indirect tax levies, leaving peasants barely enough to exist...

Author: /time Magazine | Title: Foreign News: REPORT FROM THE U.S.S.R. | 7/7/1941 | See Source »

...Services that the peak of their requirements ... of 100,000,000 lb. per month will be reached in March 1942 . . . production capacity in March 1942 will be 75,000,000 lb. . . . a shortage of 25,000,000 lb. per month. This still leaves no provision whatsoever for indirect military & civilian requirements. . . . Germany and the territory it now controls has a present capacity of 915,000,000 lb. ... by 1943 will have . . . 1,385,000,000 lb. without scrap aluminum." (If she conquers Russia and draws on Japan, the report said, she will have...

Author: /time Magazine | Title: Famine in Aluminum | 7/7/1941 | See Source »

...terrific effort attains an aluminum ingot capacity of 600,000 tons (up 420,000 tons from 1940) by next year, and cuts off all aluminum for civil and indirect military uses, it may have barely enough for direct military needs. Such was the consensus of testimony last week before Senator Harry Truman's committee investigating the state of U.S. defense. But what really interested the committee was why the Army, Navy, defense production agencies and the aluminum industry itself all failed to recognize that fact last fall...

Author: /time Magazine | Title: National Defense: Who Fumbled Aluminum | 5/26/1941 | See Source »

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