Evening Star Newspaper, April 14, 1940, Page 12

[ German Trade Envoy !Here fo Negotiate : Economic Program ; Dr. Westrick Says Reich i Expects Peace That Will Permit Expansion &« By the Associated Press. % NEW YORK, April 13.—Germany . txpects peace in the near future ! and plans to enter into an economic % wrrangement with the United States . based upon the Hull reciprocal trade ;A.volic.v, her newly accredited diplo- » matic commercial representative 2 1ald today. Dr. Gerhardt Alois Westrick, com- { mercial counsellor to the German | Embassy, said Germany was hopeful » of & peace that would permit com- } mercial expansion and prosperity : throughout the world. His purpose " here is to prepare the way for an < economic_settlement between Ger< " many and the United Stetes, he . said, adding: “I am hopeful of peace soon be- ! eause Germany is not going to ask . anything of England or France ex- «~ cept free access to raw materials . on a competitive basis and free trade <and foreign exchange throughout ‘ the world along the lines of the & Hull plan. % “A major step in such a trade £ arrangement would be the provision . that United States investors in Ger- » man plants would be paid interest [ on a United States dollar basis.” . Is Leading Trade Expert. # Dr. Westrick is a leading German & economic and trade expert and law- & yer, partner of Dr. Heinrich Albert, » former chancellor and finance min- . ister of Germany. Dr. Westrick also #1is a friend and associate of Dr. ! Hijalmar Schacht, German minister { without portfolio, who has been re- cently reported to be in this country § secretly. © “I do not believe Dr. Schacht is . in the United States,” Dr. Westrick | said. “When peace comes and & world economic conference jis er- ¢ ranged, Dr. Schacht will have to " corhe to work out foreign exchange & problems. “As you people well know, Ger- ‘mnn,v cannot continue barter in- { definitely and will have to go back { to free trade and free foreign ex- & change, and Dr. Schacht is the man with the brains to arrange it.” i Dr. Westrick scoffed at reports current in Wall Street that he, Dr. . Schacht, and others were negotiat- ing directly with some leading United States commercial firms on * the basis of providing foreign ex- change to enable an increase of ‘ shipments from the United States | % to Germany, via Siberia, to beat the British blockade of Germany. ¥ Germans Not Fooled. “We in Germany do not fool our- selves,” he said. “There is very little likelihood of increased shipments | to Germany via the Pacific while the war lasts. The Trans-Siberian “ Railroad, over which I have just traveled, is working, but that is about all. Any notion of greatly increased shipments over it now is in the realm of fantasy. “We see little immediate like- lhood of increasing dollar exchange | to enable Germany to purchase more goods in the United States, and we do not see any hope of developing barter trade with this country. “All we can do now, and all I am here to do, is to nurse things along until peace comes, which I| hope may be within & few months. “Then we hope for a world eco- nomic conference, in which all| grievances will be settled once and | for all, without vindictiveness any- where, so that we can have pros- perity and peace for good. “We believe that once we have re- moved the foreign exchange and raw lead people into wars because there will be prosperity. “The general policies laid down in the Hull reciprocal trade agree- ments are the policies Germany hopes to follow after the peace in relation to the United States and get rid of the barter system as soon as we can.” Dr. Westrick Is Widely Known in America BERLIN, April 13 () —Gerhard ternational lawyer who Reich some months ago apparently on a secret mission to win sympathy for the German side in the war. Dr. Westrick represented various American banking and industrial before the outbreak of the war. He has many friends in the United States. He is a law partner of Heinrich Albert, who was commercial at. tache: to the German Embassy at ‘Washington during the World War. So far as can be learned here, Dr. Westrick apparently was given dip- his movements. Cash for Your OLD GOLD How would you like cash for all the useless trinkets that are lying about the house. Selingers will pay the Highest Cash Prices for all your gld gold or silver rings, pins, watches, even dentol gold. elinger’s “LOOK FOR THE material problems, that it will be very difficult for the politicians to 818 F ST. N.W. GERMAN TRADE TROUBLE-SHOOTER—Hans Thomsen (left), German Charge d’Affaires, brought to the State Department G. A. Westrick, the new German Commercial Counselor, who an- nounced his mission is “to see that economic ties between the United States and the Reich are not broken” by the war. the rest of the world. We want to | A. Westrick is a widely known in- | left the firms and visited America frequently | lomatic status in order to facilitate THE SUNDAY STAR, WASHINGTON, D. C., APRIL 14, 1940—PART ONE. —A. P. Photo. However, Government spokesmen | reachable tonight said they did not know what his present status is. Brifain and France May Place Orders For Fastest Bombers Permission Is Given; New,Plane Credited With 400 M.P.H. Speed By the Assoclated Press. Great Britain and France were given official permission by the War Department yesterday to place or= ders for a new-model Douglas at- tack bomber, believed to be the world's fastest of the type. It was the fifth type of Army plane released for sale abroad un- der the administration’s relaxed ex- port policy. A two-motor craft, the attack bomber is credited with a top speed of approaching 400 miles an hour, rivaling that of normally faster pur- suit planes. Designed largely to harrass enemy troops and nearby military objec- tives, it bristles with machine guns and can carry a heavy bomb load and chemicals. Other planes released for sale abroad, under conditions by which the Air Corps expects to obtain for LATEST NEWS The Night Final Star, containing the latest news of the day during these dramatic times, is de- livered every evening throughout the city and suburbs between 6 P.M. and 7 P.M. Telephone National 5000 for immediate delivery. LAURITZ MELCHIOR Says of the Knabe: "Adijectives do not express the praise the Knabe de- serves.” Grand, Spinets, Consoles $435 up On Very Easy Terms Decorators and other: discriminating seekers of the best find in the Knabe a distinguished beauty of encasement with an incomparable golden - voiced tone—. | the same fine tone that has made Knabe fa- mous for over 100 lyeors. Write for book- et. KITT'S 1330 G Street National 4730 HOW DO YOU kNOW YOU’RE GETTING THE MOST FOR YOUR MONEY — you.keep buying the same car without looking at Chrysler? more advanced models at & lntetlthe War Department considers date, were all fighters, built pri- marily to cope with enemy bombers. They were the Bell P-39, the Cur- tiss P-40 and the Lockheed two- motor P-38, release of which also automatically released a Lockheed- Hudson two-motor light bomber. Aviation quarters ungerstood that still other Army and Navy planes would be made available shortly for sale abroad minus equipment, which secret. The new Douglas attack bomber was described as advanced in de- sign and performance over a sim- ilar craft which the French gov- ernment has ordered by the hun- dreds. Secretary Morgenthau Friday notified the Allied Purchasing Mis- sion that, if it wanted fast de- liveries on the latest American war- Cube Cyprus Egypr Equader England France Gresco Guetemale Hellend Heondures Beigian Conge Bermude [ Canede Chite Chine Colombie Coste Rice planes, it would have to meet the cost of developing future better models for the Army Air Corps. Secretary Morgenthau upheld the War Department on this point at a conference with Arthur B. Pur- vis, head of the Allied Purchasing Mission, on prospective aircraft or- ders which manufacturers have been told may reach $1,000,000,000. Japan may have food ration cards. F Cotadpol” s ysep iN ¥~ % EVERY STATE IN THE UNION * 46 FOREIGN COUNTRIES Indie * Jamaica Mexico Morecco Mozembique Paname Pory. Portugel Siam Sweden Trinidad Turkey Tunisle Curacae, N. W. Indies Deminican Republic Grenada, B. W. Indies Guadeloupe, F W Indies nds Portuguese East Atrice Sen Salvadore South Redem Straits Settlements Unien of Se. 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