The mounting international war scare reached a climax last week. U. S. underwriters abruptly doubled the premiums charged for insuring U. S. property in Europe against war risks. The pound sterling, which recently has been high above parity with the dollar, last week dipped below for a three-year record. In Washington, anxious Assistant Secretary of State George S. Messersmith repeatedly crawled out of bed around 4 a. m. to hear by transatlantic telephone what U. S. Ambassadors in Europe could tell him about whether Adolf Hitler was going to hurl the...

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