Word: rearmaments
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Just two years ago, speaking at Buenos Aires, Franklin Roosevelt said that employment given by rearmament work (which Germany was then rushing, England beginning to rush) was "false employment, it builds no permanent structure and creates no consumers' goods for the maintenance of a lasting prosperity. We know that nations guilty of these follies inevitably face the day either when their weapons of destruction must be used against their neighbors or when an unsound economy, like a house of cards, will fall apart." To get as much virtue as he could out of his new necessity, Mr. Roosevelt last...
...affiliates˜Chairman Lewis squelched him. Thus Mr. Lewis had left wide open the question of C. I. O. al legiance in 1940. The convention then went on record against all amendments to the Wagner Act, and against diversion of Federal funds from social services to Rearmament (but did not oppose Rearmament as such). It demanded more Relief, more Housing, more and better Planning in the name of greater production, greater employment, greater consumer purchasing power...
...share for each six now held 156,000 shares of Glenn L. Martin Co. common at $20 a share (last week's market price: $33). It will be the first new financing by an important aviation company since Boeing raised $3,789,600 in June 1937. Rearmament-conscious Wall Street thought other cash-shy aircraft manufacturers might follow the Martin lead...
Frank Buchman (Sun. II a. m. MBS). Oxford Group's founder and leader speaks by short wave from London on "Moral Rearmament...
...increased defense. If proper attention is not given to seeing that armament is completed on schedule, a serious disorganization may occur. Such confusion and unpreparedness can do nothing but harm to the country. As long as the United States has rightly or wrongly set upon the course of vigorous rearmament, it should see in England's position a warning of the dangers of falling behind in production for defense...