Lend Lease Quotes

These three things seem so logical, almost so simple to us now. But history will record—even if we forget—the great fight the President had to make to achieve them. It will record how our growing army was saved from dissolution by one single vote in Congress. It will note by what a narrow margin Lend-Lease, which kept Britain and Russia in the fight until they could regain their strength to hit back, passed the Congress.

I never saw Claben bawled out for his performance, his extortions, yet he was a louse, the worst vile stingy hyena when it came to usury and dishonesty! A skunk when it came to "lend and lease"! Never a day's, a penny's grace...the worst tyrant about extensions...he'd fleece them to zero!...he'd finish off even the most decrepit woebegone wrecks...he'd suck them beyond the bone!...and he'd insult them besides into the bargain!

HOPKINS’S VISIT TO ENGLAND was supposed to last two weeks; it expanded to over four, most of which he spent with Churchill against a backdrop of mounting suspense with regard to the Lend-Lease Bill, whose passage by Congress was anything but certain. In that time, Hopkins managed to endear himself to nearly everyone he met, including the valets at Claridge’s, who took an extra effort to make him look presentable. “Oh yes,” Hopkins told one valet. “I’ve got to remember I’m in London now—I’ve got to look dignified.” From time to time, the valets would find secret documents tucked into his clothing or discover that he had left his wallet in a pants pocket. A hotel waiter said Hopkins was “very genial—considerate—if I may say so, lovable—quite different from other Ambassadors we’ve had here.

The insensitivity of Roosevelt’s reply startled Churchill. The subtext seemed clear: Roosevelt was concerned only about assistance that would directly help sustain the safety of the United States from German attack, and cared little whether the Middle East fell or not. Churchill wrote to Anthony Eden, “It seems to me as if there has been a considerable recession across the Atlantic, and that quite unconsciously we are being left very much to our fate.” Colville noted how the accumulation of bad news that night left Churchill “in worse gloom than I have ever seen him.” Churchill dictated a reply to Roosevelt in which he sought to frame the importance of the Middle East in terms of the long-range interests of the United States itself. “We must not be too sure that the consequences of the loss of Egypt and the Middle East would not be grave,” he told Roosevelt. “It would seriously increase the hazards of the Atlantic and the Pacific, and could hardly fail to prolong the war, with all the suffering and military dangers that this would entail.” Churchill was growing weary of Roosevelt’s reluctance to commit America to war. He had hoped that by now the United States and Britain would be fighting side by side, but always Roosevelt’s actions fell short of Churchill’s needs and expectations. It was true that the destroyers had been an important symbolic gift, and that the lend-lease program and Harriman’s efficient execution of its mandate were a godsend; but it had become clear to Churchill that none of it was enough—only America’s entry into the war would guarantee victory in any reasonable period of time. One result of Churchill’s long courtship of Roosevelt, however, was that now at least the prime minister felt able to express his concerns and wishes with more candor, directly, without fear of driving America away altogether.

He began, “There is absolutely no doubt in the mind of a very overwhelming number of Americans, that the best immediate defense of the United States is the success of Britain in defending itself. “Now, what I am trying to do is eliminate the dollar sign. That is something brand new in the thoughts of everybody in this room, I think—get rid of the silly, foolish, old dollar sign. “Well, let me give you an illustration,” he said, and then deployed an analogy that distilled his idea into something both familiar and easy to grasp, something that would resonate with the quotidian experience of countless Americans. “Suppose my neighbor’s home catches fire, and I have got a length of garden hose four or five hundred feet away: but, my Heaven, if he can take my garden hose and connect it up with his hydrant, I may help him put out the fire. Now, what do I do? I don’t say to him before that operation, ‘Neighbor, my garden hose cost me $15; you have got to pay me $15 for it.’ What is the transaction that goes on? I don’t want $15—I want my garden hose back after the fire is over. All right. If it goes through the fire all right, intact, without any damage to it, he gives it back to me and thanks me very much for the use of it. But suppose it gets smashed up—holes in it—during the fire; we don’t have to have too much formality about it, but I say to him, ‘I was glad to lend you that hose; I see I can’t use it any more, it’s all smashed up.’ “He says ‘How many feet of it were there?’ “I tell him, ‘There were 150 feet of it.’ “He says, ‘All right, I will replace it.’ ” That became the kernel of an act introduced in Congress soon afterward, numbered H.R. 1776 and titled “A Bill Further to Promote the Defense of the United States, and for Other Purposes,” soon to receive its lasting byname, the Lend-Lease Act. Central to the proposal was the idea that it was in the best interests of the United States to provide Britain, or any ally, with all the aid it needed, whether it could pay or not.

It is tempting to regard the Japanese attack on Pearl Harbor as a lawless act for which there can be no justification or excuse. For Americans, December 7 remains “a date which will live in infamy,” in the words of President Roosevelt. But the devastating strike on the United States was not lawless. Japan was simply following the law of nations that U.S. Commodore Matthew Perry’s black ships had introduced in 1854. What Japan failed to recognize, however, was that those rules had been renounced in 1928. The United States itself had only recently come to terms with the complete transformation in the legal order initiated by the Pact—it finally embraced the new understanding of neutrality with the passage of the Lend-Lease Act in March 1941, only six months before Pearl Harbor.

We started Franchise Realty Corporation with $1,000 paid-in capital, and Harry parlayed that cash investment into something like $170 million worth of real estate. His idea, simply put, was that we would induce a property owner to lease us his land on a subordinated basis. That is, he would take back a second mortgage so that we could go to a lending institution (in the early days it was a bank) and arrange a first mortgage on the building; the landlord would subordinate his land to the building. I must admit that I was a bit skeptical:

But there was the American machine grease! Ah yes, the machine grease! The barrel was immediately attacked by a crowd of starving men who knocked out the bottom right on the spot with a stone. In their hunger, they claimed the machine grease was butter sent by Lend-Lease and there remained less than half a barrel by the time a sentry was sent to guard it and the camp administration drove off the crowd of starving, exhausted men with rifle-shots. The fortunate ones gulped down this Lend-Lease butter, not believing it was simply machine grease. After all, the healing American bread was also tasteless and also had that same metallic flavor. And everyone who had been lucky enough to touch the grease licked his fingers hours later, gulping down the minutest amounts of the foreign joy that tasted like young stone.

Once Dr Glowacki agreed to the deal, the specifics didn’t take long. International Match agreed to lend 6 million dollars to the Polish government at an interest rate of 7 percent. The extant Polish match factories were nationalized, combined, and leased to International Match for twenty years; ownership of the factories would revert to Poland after that. During the twenty-year monopoly period, the income would be shared among Swedish Match, International Match, and Poland. The Polish government would use its share of the proceeds to fund relief work following devastating floods in Upper Silesia, as well as to bolster the country’s finances more generally.10 Dr Glowacki signed the agreement and pushed the deal through the Polish government. Technically, International Match would not have its first functioning public monopoly for several months, until the law went into effect in October 1925. But that didn’t stop Ivar from broadcasting the deal to America right away.

The architects of the Trump administration's foreign policy use two labels to describe the structure they have built: “Principled Realism” and “Putting America First.” Principled Realism is merely a slogan; America First is a slogan with a past. Founded in 1940, the America First Committee (AFC) brought together pacifists, isolationists, and Nazi sympathizers to fight against the country’s prospective entry into World War II. The AFC opposed creation of the Selective Service and also a Roosevelt initiative, known as Lend-Lease, to keep the British in food and arms as they struggled to survive the German onslaught. Within twelve months of its founding, the committee had built a membership of more than 800,000 and attracted support from across the political spectrum—corporate tycoons and Socialists alike. Contributing mightily to its popularity was the famed aviator Charles Lindbergh, who worried that Jewish influence was pushing the country into a conflict it did not, in his view, have reason to fight. Four days after the Japanese attack on Pearl Harbor, Hitler declared war on the United States. The AFC soon disbanded and, in the intervening decades, its name has carried the stigma of naïveté and moral blindness. Now “America First” is back—but what does it mean?

What any music in his ear did, though, was lend even the most familiar houses or sights a new lease of life, so when he passed them he could view them from his world inside a soundtrack, almost as if he was invisible. He didn’t know why, but this separation by sound made him feel the opposite: he felt more connected to the world. It was a less threatening place. He was unafraid of eye contact. Nodding along to songs, he could feel that he had that pursed-lip eye-squint look on his face, like he’d seen on other music-nodders, and it didn’t matter if people stared back at him, even beggars. They weren’t going to bother him; he was sorted, protected.

That the New Deal should have been bigger, sooner, is a conclusion of long standing: John Maynard Keynes told Roosevelt he needed to approximately double the rate of “direct stimulus to production deliberately applied by the administration” in 1934, at a time when Roosevelt had reduced such expenditures in response to political pressure just like the kind that later came from Grassley or King.29 Roosevelt soon moved in the direction that Keynes suggested, getting the so-called big bill—amounting to nearly $5 billion—from Congress and allowing him to create the WPA to employ Americans nationwide under the direction of Harry Hopkins. But a few years afterward, once recovery seemed well under way, Roosevelt again cut relief spending—again in response to political pressure. For many economists—including Keynes—that premature reduction in fiscal stimulus was the cause of the 1937‒1938 recession.30 Only after making that fiscally cautious error did the Roosevelt administration adopt a deliberately Keynesian budget. Soon afterward, mobilization for war began.31 In 1941 Hopkins took a new job, directing Lend-Lease operations; Congress approved nearly $50 billion for the program—an order of magnitude more than the “big bill” that created the WPA.32 So when Grassley says the war ended the Depression, he is not stating an argument against the New Deal: he is stating an argument for a bigger New Deal, an argument that New Dealer Harry Hopkins at WPA should have had a budget more like World War II–era Harry Hopkins at Lend-Lease.33

By the spring of 1941, there was no longer any doubt that America was gearing up for war. In March, Roosevelt announced Lend-Lease aid to Great Britain, and in May, he declared a state of “unlimited national emergency.” Such support for Great Britain did nothing to ease American relations with Japan. In July, determined to stop further Japanese expansion beyond Indochina, the United States, Great Britain, and the Netherlands acted in concert to shut off the flow of raw materials upon which the Japanese war machine relied. The three countries instituted an embargo against Japan of oil, steel, and other strategic imports. Roosevelt froze Japanese assets in the United States, closed the Panama Canal to Japanese shipping, and recalled Major General Douglas MacArthur to active duty to defend the Philippines. Far from slowing Japan’s war-making capabilities, these actions, particularly the oil embargo, served only to increase the urgency Japan felt to subjugate China and gobble up oil and rubber from the East Indies. By September, after a German U-boat fired a torpedo at the American destroyer Greer (DD-145) while it was on convoy duty in the North Atlantic, Roosevelt authorized a shoot-on-sight policy against U-boats. A month later, the destroyer Reuben James (DD-245) spotted a periscope too late and caught a torpedo that blew off its bow. The ship sank in five minutes. Out of a complement of 143 officers and men, only 44 enlisted men survived.

By the spring of 1941, there was no longer any doubt that America was gearing up for war. In March, Roosevelt announced Lend-Lease aid to Great Britain, and in May, he declared a state of “unlimited national emergency.” Such support for Great Britain did nothing to ease American relations with Japan. In July, determined to stop further Japanese expansion beyond Indochina, the United States, Great Britain, and the Netherlands acted in concert to shut off the flow of raw materials upon which the Japanese war machine relied. The three countries instituted an embargo against Japan of oil, steel, and other strategic imports. Roosevelt froze Japanese assets in the United States, closed the Panama Canal to Japanese shipping, and recalled Major General Douglas MacArthur to active duty to defend the Philippines. Far from slowing Japan’s war-making capabilities, these actions, particularly the oil embargo, served only to increase the urgency Japan felt to subjugate China and gobble up oil and rubber from the East Indies. By

You are broke,” the banker said, as Hunt recalled the conversation, “and your statement shows you are broke.” “I’ve got the Joiner leases,” Hunt replied. “It’s a proven field. There’s oil in the ground, and that’s a bankable asset.” Not in Louisiana it wasn’t. Dallas, however, was another story. The city’s two largest banks, First National and Republic National, were among the first in the United States to see the wisdom of lending against proven reserves; it was their vision that would transform Dallas into the mecca of Texas oil banking and fuel the city’s future growth.

He also acted as the principal negotiator for Britain with the Americans over the scope, terms, and conditions of Lend-Lease.

Once Stalin had more than a million soldiers occupying Manchuria, the Chinese civil war became inevitable, because Mao understood that the central government no longer had the capability to eliminate him militarily. The irony, of course, is that the president of the United States, meeting with Stalin at Yalta, implored the Soviets to send their troops to Manchuria and that the Soviet invasion was facilitated by American Lend-Lease supplies.

The antisemitism of the Russians surfaced glaringly. It soon became all too clearly apparent that the liberators hated us as much as the Germans did. On the other hand, they needed personnel everywhere: for the army, the coal mines in the Ukraine, workers for the Northern Territory of Murmansk and Pechora, where the lend lease help from the U.S. arrived. Just as in the first week of war, in June 41 when they grabbed men to the armed forces, now they did the same and they took women and girls to go to the Donbas - the coal mines along the Don river, in the Ukraine. This was a very frightening time.

The United States, therefore, is a country of machines. Without the use of those machines, through Lend Lease, we would lose this war.” True enough, but without Churchill, much of Europe might have been lost to Hitler before Roosevelt and Stalin were in the fight at all.