Word: rearmaments
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...Rearmament has so far meant much to only a few U. S. industries-chiefly those which make war machinery for air and sea. One U. S. company which makes war machinery for both air and sea is Sperry Corp. What rearmament has meant for Sperry was told in part last week in that company's report for the first half...
...desire-although it was announced that the committee would consult him-was aging, ailing Financier Bernard Mannes Baruch, who set up and headed the 1918 War Industries Board. Mr. Baruch's friend and Wartime coworker, Columnist Hugh S. Johnson, who months ago was ruled out of rearmament councils, called this "bumptious folly." Omitted from the official announcement was any explanation of the speed with which Mr. Stettinius, et al. were picked. Plans for allocating U. S. production could be almost as useful to warring friends of the U. S. as to warring U. S. Army & Navy...
...London he sought out Robert Spear Hudson, British Government economic expert and Secretary for Overseas Trade. Not a member of the Cabinet, Mr. Hudson nevertheless is one of His Majesty's Ministers. He led a "revolt"' of junior ministers last winter against the Cabinet's dilatory rearmament policy and, although he supported Mr. Chamberlain's appeasement policy last year, it was Mr. Hudson who later dramatically warned Germany that unless the Reich gave up its trading methods, Britain would "fight and beat" Germany at her own game. Like Dr. Wohlthat, he too got his wife from...
...taken the planes past Berlin, Hamburg, the Krupp works at Essen; irritating to Germans, whose newspapers screamed "war-mongering." Before popular enthusiasm for the performance ebbed, Sir John Simon, Chancellor of the Exchequer, presented the House of Commons with the bill-not for the flight alone, but for British rearmament which had been so hearteningly dramatized. In his low and unemotional voice Sir John admitted that his estimates for the defense budget last April had been wrong. Defense would not cost $3,140,000,000. The bill would run somewhat above $3,650,000,000-a little matter...
...sides if he thought the game suited him that way. Most British politicos therefore mistrust him. But he has had an unsettling record of being right a long time before most people realized it. Ever since Adolf Hitler became Führer in 1933 Mr. Churchill has been preaching rearmament. He was one of the first Conservative statesmen to warn that the Empire's great enemy was to be found not in Moscow but in Berlin. He long plugged for a British-French combination to stop the Nazis and last year urged that Britain seek an alliance with Soviet...