per cent. But stock dividends make the 30% this year the equivalent of 365% on 1935 holdings. (cf Uncensored, May 11 and April 27.)
We have been getting into the war gradually,--slipping, sliding in. We are so far in now that it is only a question of how much deeper.
It is time for the people who will have to pay in sweat and blood to decide how much more to spend in view of results we may achieve. A banker, asked for credit, sets a limit. They will call us "Uncle Shylock" anyway. Let us, who have to pay the piper eventually, decide on the limit. Public opinion, manifested by votes, will be the restraining force upon our expenditure.
Don't be fooled by the reiteration of the slogan that we are "the best informed people in the world". We are most fully informed with misinformation. Call it 'explanation' or 'propaganda', much of it is misleading or untrue. The situation is misrepresented to us.
Challenge those who are so overcome with hysteria that they don't count the cost. Don't let the snobs snub you. Write your legislative representatives. They are interested in keeping your vote. Write them, "Let's save America first, let God save the King!" (4) May 15, 1940
Brigadier General G. M. Barnes of the United States Army was the presiding officer of the Tank Committee, made up of executives of the War Department plus U. S. manufacturers of tanks, and representatives of the British Purchasing Commission. The Committee is coordinating and pooling the facilities of these