Decatur Daily Democrat, Volume 31, Number 100, Decatur, Adams County, 27 April 1933 — Page 9

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IREND OF BUSINESS SHOWN IN BUYING

lIARBEETCROP ’■.MEAN MUCH <HTO FARMER Indiana’s Beet P At 5600.000 To ■W-ocal Growers mill is •1»N! <!\E IX STATE ■ ■ |i ■liana’s return to .:".ir producing , mbre th n KJ „ ili-irihuted to 1,500 - ' M 1:111 1111 llleir llj^^M,. the Central which K o*ia’ <> I'’ 1,1 t -■ tile ,|- the growing diiitrii ts approximately 12.0(10 Ijihl will devoted to Bp'*,a ,-uhare this year. the piospectsfor K. p ' A. Brock, education'll *®ret® Association slid., conditions growing ason produce in excess, Kw.il' "I -ngar hi nts next ■ ■ml if tin' people of Indiana support of their, ■ift'MiC ■> l.y demanding, buy r- sugar ~ dollars which would H" foreign coil tries sugar, will the lonfints of the ,'iiribiite the agri■Kß stria! prosperity Kwßfi 11 - employm nt of BMr l; sl "More tha mini of labor will the growing, pro-, aid distribution of inddjinn farmers, heel i^^M 1 " to -"-■' crop, li EB 'hou.-and peim.ns the mantifai I' and ;| ml ii d products.”

11 cirst Lady” and Ishbel Kindred Spirits ■ * * * * * * * * House Hostess and Daughter of British Premier Alike in Many Ways. Both Tireless Workers for Human Betterment —Both Simple— Friendly—Democratic. L IB IrjLrhM MJI .Xzm, ■ T J^Jb^bKß s! I I - a | JJcTCJf. jmK ■£¥7 I ■ KX, * \ . - W/ 4, I ■ vEwl f J ’ «1y FabjiF _ A•' —— _t-UK-<aU3BmßS3BEL—l—meem 4E FD RoCOEVEI/T aW MfSJ ISHBEI/Mv.DbMAL-D ADDRESSING I/ASOR Meeting LV wife of our President, her hostess in Washington, Miss Ishbel MacDonald, daughter of the sisiting |"B“ Premier, found a fellow-spirit whose progress in life has been charted along a course almost parallel I •■ner own. Spiritually, Mrs. Franklin D. Roosevelt and Miss MacDonald might have been cast in the I “W 1 " for they are identical in temperament and pursuits. Both have spent many years working for of the human race; both abhor idleness in any form and both reveal the same simplicity in [ fjg *nd manner. Mrs. Roosevelt's activities in social and welfare fields are too well known to gc. into It ■ But W ’ M MacDonald's career is not so familiar to Americans. At an early age, the Premier’s daughI the responsibility of serving as her father's official hostess at 10 Downing Street, the [ "^D n residence of British Premiers. In this capacity she greeted royalty and statesmen from every IPBy in the world, acquitting herself life a veteran. In her spare moments, she went about the country I Bi intereats of the ucore or so of welfare organizations in which she is interested; pursued her duties f jß emfc, er of the London County Council and played angel of merev to dozens of baby clinics. Her activ- I not end here. She has stumped for her father in his election campaigns and is credited with having *B or him a large portion of the feminine support that is his. Miss MacDonald has been asked to run for ;■»«! on many occasions, but she refused, although it is fairly certain she would have been elected. ' “Boes nog drink or smoke, not because she disapprove of women doing those things, but because she has never felt the . . . . - j

DECATUR DAILY DEMOCRAT

| March Building Shows Gain Over February 11 Complete returns from the 215 \ |i cities regul.rly reporting to Bun & | Bradstreet, inc., forth - month of I | 1 March reveal a i aggregate ton# ex ■ . penditure for building permits of' U $17,770,874. This is a gain of 3.5 I per cent over the February total ! ! of $17,161,943, which was the low- ' iiest on ricord. In March of 1932 the ' ‘ total was $37,676,746. in New York City (five boroughs) j | building dropped to the small sum I jof $4,040,707 in March, as against : I $6,752,130 in Fi bru ry and $ 1.715. ! 1991 in March a year ego. The cities outside of New York I J made a relatively better showin g I during March. Tim building p rmitted tor at the cities outside of the ' metropolis amounted to $13,730,167. j a rise of 31.9 per cent when com- 1 pared with the preceding month. [ The d ere se from the like month I of list year, however, was 55.7 per cent. FEWER FAILURES SHOWN IN TRADE 'lnsolvencies. Although Large Are J ess Than Year Ago Insolvencies in the United States in the week ending April 13 were 'slightly ntor ■ numerOm than those i for anv week in more than a mouth. I but continue fully one-third less in number than for the correspond! g , week of last year. The weekly re- • port issued by Dun and Br'd street, tec.. shows 139 business failures. ' ag inst 41S and 437. re mectively. for the two preceding weeks, and 653 similar defaults a year ago Three of the four leading tr <1 1 divisions >w report fewer failures for the the latest tabulation than : in the.same week of the last year. 1J latlvely. the redm tion in the mannf. cturing section lends the ■ other two classes. The latter, howj ever, also show fewer failures, in j retail !!■ es. d faults were ;r; in : lower: also in the the division cov- ; t ring other commercial lines: the I latter ini hides agents a .id brokers. On the other h. nd. the numb r of defaults for the past week in the wholesale section w . slightly in exci ss of that for a y ar ago. Compared with the t.il i's of the pi etdi g week. ther. wa; quite an imre se in the niimoer for ,1m | retail a d wholesale and jobbing'

The President’s Bouquet ; " Y [r j THE ..A ' H » | WHITE HOUSE. | I —- M | _ * 4 lill * ‘lkn ■■ o ’ n .. • ta • 'x/w 11 \"Y y \ —- "•jfiSbir" Sal \ ■■'v \"L y' y >,K I — — t 19 5' King Features Svndi ite lac Gt ear Br.ron nylns reserve!

divisions; among manufacturers, al- i so. I In- minuter was slightly higher. For the class of agerts and brokers fewer d faults re shov For geographical divisions, more failures oct m red in the latest weekly report compared with the preced-1 Ing week in X w England and the Middle At!- nt;. States, also, in the Ctnlr 1 Ea.it. Quite a rcduitic . appeared for the South, however, as ■ ell a.- for the Far West in DiviCOXTINUED OX PAGE TWELVE

Decatur, Indiana, Thursday, April 27, 1933.

Period Is Reached When Good News Far Outweighs Bad Concerning 1 rade

At the moment, good news conI eer ing business is outweighing the bad. Corn, wheat ry. and sugar all recently reached new highs for the ye r. El. ctric power output tends to be proportio lately better in comf. risen to earlier part of this year., The American Railway As-ociati.m ■forecasts that in the second <tuari ter of 1933, the reduction r.i freight i i- r loadings will b? the smallest in ■ I three years. Steel output is show-i ing a moden.te advance. .Money! ; rates continue to come down rapid-1 i ly ’ Tremendous importance is attached to the forthcoming int -n ration- ] economic conferences between! I President Roosevelt, his advisors. | I and representatives of the principal I 1 foreign governments. World re-| ; liahilitition will naturally be the' I subject of conversation—and that I entails an enormously varied num- ; her of by-sublects. Tariffs, war i debts, armaments, gold standard, ! currency problems, inflation, defla- — I« — « Notable Remarks About Business • 4 "You’ve got to inflate, as there’s no medium of exchange to do bus- ’ ness with.’’ John IA. Simp ... pres-1 id nt. Farmers’ Union. "Thorc can be no right to hoard any more than there can be a right to seize the best life boat at sea or to get the best food in a beltag tiered city.” Walter Lippman, nationally read editorial witter. —■■ I "A short time ago you could have cut the gloom with a cheese knife. Today tlr? whole nation is smiling." Col. Frank Knox, publisher, Chic. tgo Daily New« "While I expect a rising trend of business, competition will be keener than ever. Those who wait for the tide to carry them on will be left behind. Opportunity is here, but it must be seized." Roger Babson. statistician and recognized business mithority. "Allied debts have been given undue prominence. I thi |k they have been a relatively sm.ill factor in the whol situation.’’ David Fr nklin Houston, president. New York Life Insurance Co. "If instead of spending ao much time designing and building much ines nnd factories to produce huge quantities of a single standardized

lion, reflation —these are some of the topics which must be discussed. and when the averag? citizen reflects how little he k ows of any of them he can . ppreclate the difficulties that will be faced by all conern?d. At this writing, it is assured that Ramsay MacDonald will come personally;; that Mussolini will do likewise if possible; th.u France ma.' s. nd Herriot. a d th. t Hitler will send a representative. ! Only major power not invited w .s j Russia, as no diplomatic relations 1 exist between her and the United 1 Stites. One of the mai.i barriers to recovery is that there exists through . out the world today what might be ! called a "i-iirreney blockade." FlfI ty of the fifty-two existing natiom; , in order to save their currencies ! from collapse, have forbade the normal international flow of monI ey. Trade between coiwtries has i all but come to an end. To restore I foreign trade to the dominant economic position it once held, is a problem .all countries face. , article, our engineers and specialists had spent more time on new j ..rid b-tter products we would not have been in our present difficultI ies." Charles F. Kettering, vice ■ president. General Motors Corpor- ' itlon. "Dotrowing to do eotistruetlve work at the bottom of a deflation tends to put a brake on deflation." Rail,h E. Flanders, chairman, American Engineering Council. — "It Is is wlck'ed foi us to talk alrout balancing the budget in such a crisis as for the head of a family to talk about budgeting his household expenses when his wife and children are in dire need of m dic.il attention. Balancing the budget is a Imokkeeper’s phrase. This na tlon cannot afford to be ruled by bookkeepers." J. David Stern, editor and publisher, Philadelphia Record. “We have no right to consider slowing down production until we have fully explored the possibilities of speeding up consumption." Dr. Glenn Frank, president. University of Wisconsin “His (farmer’s! income hn shrunk almost out of sight. Taxes and interest now take one-fourth his gross income and most of his net income. That condition is Intoleraible. This administration does not propose to let It continue." H A. Will ice, secretary of Agriculture.

Magazine Survey S/iolvs Business Tide Has Turned And Better Days Are Here

That the business tide h:.s turnled. and that “better days are here I again,” is the firm conviction of | 90.7 per c?nt of the 29,500 average Americans whose opinions were collected by Collier's Weekly in more than 100 cities and towns throughout the United States. The question ask'ed in each case was: “Do you feel more certain of recovery than you did before the banking holiday?” An affirmative answer was returned by 26, 738 of those interviewed. Other questions asked were designed to show tlie attitude of the people toward giving President Itoosev.-lt greater power to deal with unemployment, the farm problem. reduction of governmental costs, and other critical problems. The survey showed that upward of 90 percent of the people, regardless of party affiliation, favor giving the President the needed authority. That the test represents a fair cross w etion of n tional opinion is | affirmed by J. David Houser, economist in charge. “Although the number of people i terviewed is comparatively snnll in relation to 'th' population of the country," lie I slates, “statistical experience show ; that exlianding the numbers would 'not .alter the results, and that th'.-y re a fair sample of nationally pubi lie opinion.” I Summing up the reasons for nati ional optimism at the present time, , William L. Chenery, editor of Col--1 lier’s siys: | “Measured by anything w? have ; known during the last year and | more, this coming September will I be a prosperous month. In the ani nals of this depression we even I .now can reasonably foi ?cast that I the autumn of this 1933 will be ■ remembered as the happy season [of good times. | "In making this estimate we do ! not have to rely upon cheap opti- | rnlsrn. The soundest and most subi sl.intial reasons stand behind this conclusion. “Various and widespread as have ’ been the evil symptons of this de-

, ♦ -* I Newspaper Warns of Crooked Plot Worked By Home Racketeers i The Lakeview. Michigan, Enter- ■ prise warns of ,i "home racket" ' which is ow being worked in vat- ! 1 ious parts of the country This year a gr??t many patriot- | 1c citizens . re preparing to do new I building, and rnak.e improvements ■ !on existing property, in order to I I provide employment and put mmi|ey to work. The home racketeer ' ; is taking advantage of this. He is I always, of course, a perfect stran- j ! ger ’nd his method of operation j is to get a home owner to sign ' ! what he believes to be an improve- j ment contract, under the guise of ! g much needed employ- ; ment. ’<i miost instances, doubt-. less, the owner signs it without a careful r-ading In reality, the doe-1 ument he signs is a lien on his property which is at Once traaisfered to .j third party, who then forces the home-owner to pay, whether the stipulated improve- ' meats are made or not. In no case, . according to the Enterprise is ' the work ever finished as agreed, i The moral is. don’t do business I with strangers. Do it with .i con- : cern which is known to you, and preferably one in your town. It j will do the work aS agreed, and at an honest price. It will give local j workm c. labor. The money you spend with it will go to its employ-1 es, and to the employes of numer . ous other industries which sell I the local concern supplies, and so ! on. Put those idle dollars to work in honest hands. Yes, it’s time for a national property renovation campaign, hut. there’s no room in it for fraud. Do all the improving you can but go to your loesl dealers and workmen. Rememibe’- that the ebst of Improvenunts of nil kinds now la] the lowest in years—a d remem- ; her, too, that jobs are better and ' cheaper than charity. — —o Milk Horses Got Rubber Shoes t Pittsfield. Mass.— (U.R) —Horses ! on milk wagons in this town have | been equipped with rubber shoes ! to avoid disturbing residents dur-j ing early morning deliveries. o Schoolgirl Claims Record Mt. Pleasant. Utah.—(U.R)- A record is claimed by Miss Eva Poulson. a high school senior here, who hasn’t been absent or tardy since entering school as a beginner 12 jyears ago.

■ ( pi essioa, it is true that we have i! suffered nothing which a moderate 'iand continued rise in prices would ' ' not cure. Look wherever you will Hand this is true. Filling prices I withered capacity to buy and to i i consume. , “Falling prices, however, w re a ; | result, not a cause. Our present i solid expectations are build on the judgement that at last the causes which forced prices downward , have been overcome and that at this moment the currents are flowing in the opposite direction. s| “Os the fact that confidence has :! returned in this country there is i not the slightest doubt. Confidence • is intamgible but, in the long run, invincible. It is the sum of the . beliefs, feelings and judgement of ■ a hundred million people. Thechan- . ge in popular sentiment during CONTINUED ON PAGE TWELVE Likes Action Shown By Pres. Roosevelt Since Taking Office ' i« < ’i “President Roosevelt’s direct ! vigorous action comes like a bright I beam of light into a Jark -oom.” i says Carl Pharis, of Newark, Ohio. | “The country has been groping aI bout in an atmosphere of frothy I opinions and foggy theories andj has suffered so many disillusion- | meats that people were beginning j to lose all courage and confidence. “The President restored hope i and confidence at a stroke by in- ! jecting some plain common sense i action into the situation. I have ' [ never been a very close student of theoretical economies, because I • (‘believe that common sense will . carry anyone further than theory l ever did or will,—and I am convinI ced that if the President will coni. tinue his leadership in the direc- ■ tion that will bring the manufact ■ urers of the country out of their , ■ short-sighted cutting of wages and ' give people a chance to get some ■ money to 'spend, the whole of our ■ i people will soon be back al work.

Envoys of'Unofficial 1 Enemies to Meet at Washington Parleys * * * * * * i T. V. Soong, American-Educated Finance Minister, Will ; Represent China. Viscount Ishii, Former Nipponese • Ambassador to United States, Japan’s Delegate. ' -j * s * B /' 'x i '<l e ’ ' \i‘ r£ Soong z 1/ Ishii / WW* N * President £oosevevt Although the purpose of the 1 orihvotuaug conference! at Washington, to which President Roosevelt has invited the nations of the earth, is to attempt to chart a course that will take the world out of the quagmire of depression, it is within the bounds of possibility that the Far Eastern question will be injected into the proceedings by either of the two delegates who represent Japan and China In such an event, the President will have ample opportunity to display his powers as a peacemaker and a diplomat Representing Japan will be Viscount Ishii, formerly his country’s Ambassador to the United States. He is 67, a veteran statesman, who has served as his country’s Minister of Foreign Affairs and is now a Privy Councillor Ishii is best known in the United States e.s tha negotiator of the Lansing-Ishii agreement of 1917, under which the United States conceded that Japan has “special interests’’ in China. China’s delegate to the parleys, T V. Soong, although Minister of Finance in the Nanking Government, is practically inexperienced in diplomacy, his life having been charted more on the course of banking and business. Soong was educated at Harvard University and later attended a post graduate course at Columbia. He is a brother of Mme. Sun Yat-Sen, widow of the founder of the Chinese Republic. .Another sister is the wife of General Chang Kai-Shek, leading military figure in the Chinese Nationalist Government. Soong feels very strongly about what he considers the injustice put upon his country by Japan, and onr can readily imagine the fireworks that may ensue if the Manchurian question is allowed to inject itself into the economic parleys.

PAGES 9 to 16

: PUBLIC SHOWS NEW ATTITUDE OF CONFIDENCE 11 Wave of Public Buying Appears Far From Having Reached Crest REVIVAL APPARENT IN LAST 60 DAYS ’ ; With the further extension of ‘ | the improvement in trade and in- ' dustry. which has responded to . | the fresh confidence in the future, I'.ic wave of public buying apI pears to be far from having i reached its crest. In direct reversal of the usual post-Easter trend, the volume of sales has receded but moderately from the levels of , the last two weeks, indicating the changed attitude of the public, which is evincing a stronger preference for things rather than money, as the belief becomes ’ stronger in the stability of the present forward movement. Already spurred by a series of I constructive measures, lite occurrences crowded into a few bri f weeks have enabled the gains in some divisions to ba sufficiently j large to achieve the recovery of ; all the ground lost during the 1 confusion which existed during the greater part of March, and entirely new outlets for some industrial products have buoyed activity on many fronts. The hesitation so noticeable a week . ago. because of the impending legislation in regard to currency I inflation, programs of public works, aricultural relief, minimum ; wages, and tariff revisions, was i less of a disturbing factor, as i more attention was concentrated i on constantly widening trends in I business activity. The heaviest trading of the year charicterized some of the leading ‘commodity m-rkets, which now •I 'CONTINUED ON PAGE TWELVE