Naval. Reduction The movement in America for naval reduction, if
President Hoover has not made a bad miscalculation, will receive a great momentum from his denunciation of " Big Navy " propagandists. The whole subject of propaganda against naval reduction has been brought into the light by an action by Mr. William B. Shearer to recover £50,000 from great industrial companies. This sum, he says, is due to him for helping to upset the Geneva Naval Conference of 1927, and for " influencing Congress " to pass the Fifteen Cruiser Bill. One great shipbuilding company has explained that though it paid Mr. Shearer for his advice it dismissed him when it discovered the real character of his work. Mr. Hoover is determined that the whole scandal shall be investi- gated. The Washington correspondent of the Times says that " Big Business " has not been thus slapped in the face since President Wilson denounced the " insidious lobby " against the Underwood Tariff Bill.
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