Word: rearmaments
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Just why the country wanted Congress to stay on the job could not have been said in one sentence. Behind the demand were conflicting uncertainties and doubts: whether the President had asked and Congress had voted enough for Rearmament; whether the President could do whatever had to be done without grants of further power; whether, without the restraining presence of Congress, the President could safely be left with the powers which he already had. And - although the latest Gallup poll showed that the President's foreign policy was still his greatest strength - a clamorous minority...
...this week Congress had been asked to vote $4,995,767,692 for Rearmament. Senate and House had passed the major items, were well along with the rest. On the basis of what President Roosevelt had requested, and Congress had done, the Army-&-Navy-to-be shaped up as follows...
...merely a starter. Two clues to the size of the eventual cost were given last week. Approving $200,000,000 to finance new airplane and munitions plants, the House Appropriations Committee reported that the U. S. in the next two years must spend on this one phase of Rearmament $1,000,000,000. A Senate committee figured that 22 of the Navy's 143 new combat vessels will cost at least $372,750,000. Buried in one of the naval bills which Congress passed last week was authority (but not money) for the Navy to fortify Guam, in Japan...
...view drew weight from the condition of Cities Service preferred and preference stock, on which are owed $30,937,338 in back dividends. Except by selling isolated properties, Cities Service might well have trouble raising new money for expansion in case its industrial customers need many more kilowatts for rearmament...
...Rearmament hero -of -the -week was Henry Ford. Last fortnight Mr. Ford predicted in an interview that, with expert assistance, he could produce 1,000 planes a day. Last week Mr. Ford asked the War Department to send him a typical Army airplane and somebody to explain it to him. This week a swift (370 m.p.h.), single-engined Curtiss P-4O was flown to Detroit, there to be gone over by Henry Ford's bright old eyes. If he puts his mind to it, Henry Ford probably can produce planes in quantity; he certainly can produce aircraft engines. This...