Word: subs
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Dates: during 1940-1949
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Several months ago, farm prices were fixed at 110 per cent of parity, but the government planned to keep them below that level by selling at sub-parity prices important crops held as collateral for loans. Some such strategy was necessary, for rising farm prices mean an enormous inflationary spiral. Not only food prices would rise, but, since half of our farm produce goes into industrial raw materials, all other prices would go up too. The House Committee has refused to pass a Senate rider to the current appropriation permitting the Administration to sell 125,000,000 bushels of wheat...
...Again. Early this year hopeful Harold Ickes tried again, again had his face pushed in. But with the transfer of some 300 tankers to war service, and the East Coast sub sinkings, oil reserves on the Eastern Seaboard dropped 2,000,000 bbl. a week. Mr. Ickes started digging up and relocating old lines, using second-hand pipe to improve a vastly inadequate system. In May he went to WPB with another plea for steel allocations. There were conferences. WPBoss Donald Nelson emerged from lunch at the White House to declare with finality: "The pipeline is out unless you want...
What the replies would allege in self-justification or palliation was anybody's guess, and guess everybody did. Buenos Aires newspapers sarcastically guessed that the German sub-commander had mistaken the sky-blue-&-white markings of nonbelligerent Argentina for the medium-blue-&-white markings of belligerent Honduras, that he had failed to perceive 4-ft.-high letters reading REP. ARGENTINA. Best guess was that Germany and Argentina would repeat the routine following the 1940 torpedoing of the Argentine merchantman Uruguay off the Spanish coast: Argentina protested; Germany's reply was accepted; neither was ever published...
...completed plane will be a wartime version of the Vought-Sikorsky 30-ton, four-engined air yachts now used by American Export Airlines to wing over the Atlantic. It will have a 125-foot wingspread, a huge payload, a 4,000-mile range. Parts and sub-assemblies (everything except the engines) will be made in existing Nash plants, put together in a great plant now abuilding in New Orleans...
...first five months of 1942, shipyards delivered ten times as many PC boats (deadliest enemies of the sub) as they had delivered...