Word: stettiniuses
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Tanks & Locusts. This was measured, not by the President, but by white-thatched Edward R. Stettinius Jr., 43, who ran Lend-Lease from August 1941 until it merged with Leo Crowley's Foreign Economic Administration last September. Now Under Secretary of State, Stettinius this week published a fat, 358-page book, Lend-Lease: Weapon for Victory (MacMillan; $3). (Although he signed and sweated over it, the book is actually the joint effort of Stettinius and some 50 others in & out of Lend-Lease, with a final polish by professional writers.) Straightforward, barren of "inside information," the book offers...
Give & Take. Author Stettinius has some meaty facts for famine shouters, who have loudly blamed Lend-Lease for U.S. food shortages. Said he: "In the overall picture the Lend-Lease slice of American food has been small-6% in 1942 and about 10% in 1943. In crucial items the percentage has been even smaller . . . half a pound of beef out of every hundred pounds, three quarts of milk in a hundred, one of every 100 cans of vegetables...
Like the President, Author Stettinius firmly believes that Lend-Lease will open a new era of postwar trade. But will the dispatch of such Lend-Lease materials as machine tools to England, of complete plants and refineries to Russia, mean serious competition for the postwar U.S.? Under Secretary Stettinius is not worried. He wrote: "What have we to fear? The United States should be the last country in the world to fear competition after the war is won. . . . We shall have by far the greatest industrial power, immense material resources, a country undamaged by the enemy, businessmen who can stand...
...Senate usually waits a day after committee action on nominations. But just a few hours later Stettinius was confirmed as Under Secretary of State, without a dissenting vote. Up rose Democratic Leader Alben W. Barkley in fulsome eulogy. Immediately Arthur Vandenberg, powerful Republican member of the Foreign Relations Committee, was on his feet to say that the Republicans agreed...
This week Secretary of State Cordell Hull, back from a rest in Hot Springs, Va., introduced his new Under Secretary to a press conference with a verbal bouquet. Smiling and with hands on the back of a chair in the familiar Hull manner, Ed Stettinius said: "This is the climax of my young career." The man who left a $100,000 headship of U.S. Steel to enter Government service, who was generally praised for his work as Lend-Lease Administrator (TIME, Oct. 4), now faced the toughest administrative job of his career. Largely in his hands was the direction...