Word: jap
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Dates: during 1940-1949
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...objective: an end to China's 18-year civil war, speedy disarming and return to Japan of Jap troops in China...
Opportunity Keeps Knocking. On Nov. 15, the Jap spy was instructed to send reports twice a week on ships in Pearl Harbor; on Nov. 29 he was asked for Pearl Harbor reports "even when there are no movements." Both messages were decoded well in advance of the attack. General Miles conceded that they gave "added significance to the first message." But Intelligence paid no particular heed, said nothing about them to Lieut. General Walter C. Short, the Army commander in Hawaii...
...these messages were not decoded in time. The Signal Corps's "Magic" project, which held the secret of the Jap code, was short of men and facilities. General Miles "assured" himself that the work was being done as fast as possible under the circumstances, decided that there his responsibility ended...
Side by side, on Page One of the Hearst press, one story had Churchill trying to keep the U.S. out of war, and a John T. Flynn piece saying that Churchill and Roosevelt had conspired to get the U.S. in. Manhattan dailies could not agree whether the Jap codes gave us a nine-day tipoff on Pearl Harbor (Daily News), 15 days (Mirror), or six months (Times...
Axis issues were on the climb. Typical examples: Jap bonds (Sterling Loan 53, 1907), which on the eve of war were quoted at 22, had risen to 29. Italian certificates (Maremmana Railway 55, 1862), quoted at 55, stood at 23^ when the U.S. got into the war; German (73, 1924, Young), selling at 17, had more than doubled. On the newly opened Frankfurt Exchange, stocks & bonds of much-bombed industries were 10 to 15% above wartime levels. Even in companies which had been completely destroyed, security prices were often 40 to 50% of their wartime value. But this...