Mannerheimline but of breaking Mannerheim and his dark forces of reaction. They believe they are liberators in Finland." ( Walter Duranty in a cable to the N. Y. Times, Feb. 27) Hugh Johnson in his column says "It is clear now that the aid Finland needs is never going to be given to her. This example of what European nations who are able to help are willing to do . . . is their business--not ours. But, by the same token, keeping out of Europe is our business--not theirs."
Could some of this money raised for the Finns, which will probably never reach them, be used advantageously in the U. S.? Milo Perkins, U. S. Department of Agriculture, told the Associated Grocery Manufacturers in N. Y. C. recently that using the stamp plan to distribute surplus foods shows that, even with prunes, if the underfed one-third could buy them, there would be demand for 38% more prunes than have been produced. So the surplus would become a shortage even with prunes if the hungry were fed. But feeding hungry Americans would destroy morale.
Through the early part of 1915, Secretary of State Bryan stood firm against loans to the Allies. When Lansing succeeded, he argued, "We have more money than we can use. We ought to allow the loans to be made for our own good." Sept. 11, 1915, John Brisben Walker, noting a proposed loan of a billion dollars, wrote Lansing, "These millions are badly needed in America. The money which Mr. Morgan proposes to lend can only be obtained by making use of the U. S. Treasury reserve . . . or else deceiving the small investor into accepting a war loan". Of this letter, Wilson wrote to Lansing, "This is a most extraordinary letter. I am sure you know how to handle it." Queer fellow, Walker! Lansing did! In less than 18 months the Yanks were on their way.(6)
March 6, 1940