Indianapolis Times, Volume 37, Number 316, Indianapolis, Marion County, 7 May 1926 — Page 13

MAY 1926

ECONOMIST CITES CAUSES BACK OF LABOR UPHEAVAL Yale Professor Analyzes Conditions in Britain Blamed for Strike. Editor’s Note—The following is an analysis of the causes of the Britist Ken* eral strike The greatest labor demonstration in history, by a leading American economist. By Irving Fisher Professor of Economics at Yale (Copyright, 1926, by Irving Fisher) NEW HAVEN, Conn., May 7. Os the allege.l causes of the general strike in England the most subtle and powerful must be sought beneath the surface. Some have their roots in conditions like the general impoverishment of Europe brought by the war and cannot be helped. Others can be. Some of labor’s policies restrict ing output have reacted to lower wages. Owner absenteeism and con sequent tardy progress in productive methods in the fact of alert com petlng minds tended further to de press profits and wages. Also the competition of oil fuel and cheap water power on the continent se riously affected the market for British coal. Double Deflation Five years ago, in America, and last year, in Scandinavia and Cssecho Slovakia, deflation depressed wages and created fearful unemployment England underwent a double defla tion, one in 1920, the other inci dental to the resumption of the gold standard. The consequent low ering of prices depresssed miners' wages, equivalent to sll to $lB a week, still farther. The second de fiation marks a decline in the whole sale price index of the Board of Trade from 171 in January, 1925, to 149, February of this year. The fall in prices checifed internal and foreign trade. It slackened and slumped major and minor industries. The havoc wrought is shown by the change from an excess of ex ports over imports of 352,000,000 pounds in 1920 to an excess of im ports over exports of 274,000,000 pounds last year. H. C. of L. British wages are nominally onethird higher than before the war but the corresponding rise in the cost of living is 72 per cent. The difference measures definitely the impoverishment •Os British labor ae cording to the prewar standard of living. This is not all. The further de fiation of prices* since 1920 tended to deflate Wages, also. It is this cruel, but impersonal, process which British labor resists, bringing about the greatest .catastrophe since the war. Depreciation-appreciation of the British pound sterling! Had that beet, avoided, the catastrophe might never have occurred. But now the gold standard has been so painfully resumed, the British banking system has a favorable basis for stabilizing the price level, exactly as out Federal board has been doing during the past three years by an enlightened policy in regard to deposits and reserve r&tial. Improvement Begun The beneficent effects of this pol icy have already begun to appear Recently unemployment had de creased. Government expenditure had been greatly reduced. British imports of raw material from Araer ica for manufacturing purposes have Increased. Britain’s control of raw material is signifieent of the rich resources of her colonies. Vast Improvements have been made in her iron and steel industry, her railway organization and her relations with her continen tal commercial rivals. Finally, Great Britain has guided the counsels that led to the Locarno pact with Its promise of amity and world-wide trade revival. Is it too much to expect of a nation displaying such reserve of wealth and leadership that its state craft will find some solution of this iinpasse, which at bottom is largely financial and already part of a departing era? ‘feeling 'Better Every Day Since Tatung FOLEY PILLS A health; person never feels constantly tired. Being too tired continually is s sign of something wrong. The chances are it’s your kidneys! For kidney trouble is real trouble and is the root of many serious disorders: dull headaches, backaches, weary tired feel* ing, rheumatic pains, nervousness, sleep* leasness, irregular bladder action. Foley Pills, a diuretic stimulant for the kidneys, are a reliable valuable medicine that promote healthy, normal activity o> kidneys and bladder. Satisfaction guaranteed. Ask your druggist for Foley Pills. CINCINNATI ROUND TRIP Shelbyville . $ .65 Greensburg . 1.10 Batesville ... 1.50 Sunday, May 9 BASEBALL Cincinnati vs. Philadelphia Special train will leave Indianapolis Union Station 7 a. m. Returning leave Cincinnati Central Union Depot 7:15 p. m. Central Standard Time <8:15 p. in. city time.) For tickets and foil Information call at City Ticket Office, I lit Monument Cirele; phone. Maiu 0330, or Uuion Station. Big Four Route

LONDON IN PRIMITIVE GRIP TOD A Y World Picture of Strikeland Capital Given by Correspondent. By Milton Brunner NEA Service Correspondent (Special Cable to Indianapolis Timesl LONDON, May 7.—Back to the primitive goes London for its transportation these strike-harried days;

We’re Opening the New Season With a “Wow” of a Sale! s \p s ft U V I ( 6 / J \ . / JL, I STRAW HATS <0 45 Every Style—Every Weave—Every Braid * *** ■ —Nowhere else will you tiud such values; such qual- Oi ■ Ity- such style at such a low price. I Men’s Dress I WORK i Boys’ Fme SHIRTS I PANTS | BLOUSES Collar attached or B Strongly made; I ®nd Shirts neckband styles. f, medium and dark ■ Newest spring pat. Smartest patterns. SS materials. All S terns: all sizes. Sizes 14 to 17. I sizes. Si Specially priced at 99c 11 $1.97 I \ 49c Bargains From Our New Army Goods Dept. GOVT. GLASS MUSTARD PAlNT— Ready mixed for use: POTS AND VINE- __ "| outside or _ GAR CRUETS— *7 x inside; oaraou- o*l £7fl For restaurants 1 O#* Huge colors. | and homes. Each.....® “V* Gallon (|/ JL • v GOVT. RET. WOOL SHIRTS U. S. ARMY STYLE RUSSET AND DRAW ERS— 4 PRESS SHOES- A _ W’hile they last, | | All leather; sizeiG® vJ Saturday only, I I §* 7to 11; reg. $5.25. R J each A A Saturday on-y . Vvil/V Store Open Until 9 o’Clock Saturday Night C _— • Where Washing* jn Crosses Delaware

back to the primitive as exemplified in the bicycle and the horse. Strike or no strike, London must move. But there are no trolleys, no “undergrounds,” no trains. Ancient horse-drawn hansoms appear from forgotten stables in picturesque answer. Out of. junkpiles, attics, and cellars come rusty bikes. They swarm out like ants, these wheeled and hoofed mounts of yesteryear. First, second and thirdhand bicycles sell like hot cakes. Motorcycles scurry along. Taxis groan with double and triple loads. Tens of thousands of smiling Londoners walk the while. * * * Come with me in a taxi around this capital of strikeland. The morning begins funereally quiet. But soon great streams of

THE INDIANAPOLIS TIMES

traffic begin to flow. When the noon whistle blows, there is such a jam as never was seen before. It is as if London were on a treadmift, exerting itself tremendously but getting nowhere. The rich are out in their limousines. The poor are darting about in “road lice.” The great firms use motor lorries to carry their employes. The taxi business - is unprecedented. Bicycles and horses are everywhere. _ So great is the motor activity that the Government considers the necessity of petrol restriction. • * * The royal family suffers annoyance In the melee. The newsdealer who has served them for many a

21 N. llKnoii Sbt * Opposite Cl&ypooi Hotel Our Lease Expires — Over SIOO,OOO Stock of Ladies’ and Misses’ Fine Quality Ready-to-Wear Must Be Sacrificed Regardless of How Little We Get for It §mm Out Os Business a Every Coat, Suit, Dress, Skirt, Fur Coat, Fur Scarf, Hosiery, Underwear and Hat MUST BE SOLD AT ONCE Cost Price is Forgot. n—Ncthing Reserved Practically Every Garment Is Brand New, Spring Merchandise. A Wonderful Opportunity for Everv Woman to Purchase Her Spring Outfit at a Tremendous Saving . SATURDAY MORN NG,8:30 A. M. Sharp

Here Are Just a Few of the Hundreds of Sacrifices We Are Offering:

235 NewSilk Dresses Further Reduced Satins C* Flat Crepe jto Printed Silks JS Georgettes Combinations Mm All Sizes 14 to 46. QuiP 46 I 69 Fur Spring Coats Suits y 2 Caracal Fox Collar*, ** 1 Sealine Fox Collar* - _ - t and Cuff*. Plain Seal- If’l? | Ine Fox Collar* and frC |l .P, I Border Beaverette. I *

year begs to report that no papers are obtainable. The royal family expresses its extreme anxiety to keep up with the latest developments. Finally the newsdealer is able to give his royal customers a complete set of such papers as are published. Ah! One of the strike’s crises is past. * * * The lugubrious British always make their best showing in times of stress. As they struggle to get about with their bikes and hansoms, they exchange British jests. The crowds are good natured. There is no fear on the part of the upper classes. They come boldly forth in fine cars and fine clothes. Here Is piccadilly station, usually the busiest spot in town. The gates are locked. • Policemen stand guard.

And No. 10 Downing St., where lives the premier. Only a small crowd has gathered, and police have no trouble keeping it back. The door: of Victoria station, greatest railroad depot of England, also are locked. The big department stores are all but deserted, though all the clerks are on duty. Shoppers find it too difficult to go about on buying tours. Bond, Oxford and Regent Sts., the shopping centers, are strangely empty. Women are staying home. Theaters have little or no business, but hotels and restaurants thrive. American visitors go about “rub bernecklng” here and there. Many wish they could reach the continent. But the “thrills” of the strike are forced on them willy nilly. There are no boats. Capacity of

New Spring COATS 87 Spring Coats... S9 163 Spring Coats. . n > v ,vr.s22 138 Spring Coats. sl9 89 Spring Coats. f . r .523 146 Spring Coats. . . 527 All spring shades —-fur and embroidery trimmings—all new spring styles. . ! ■ ■■■ * New Spring Dresses 206 Silk and Cloth Dresses ... .’•..m*-*ni $3 188 Silk Dressess9 306 Silk Dresses. sl2 189 Silk Dresses ....... ..sl4 Practically the Balance of Our Entire Stock of Fine Dresses, sl9

the airplane services is limited. And you can’t cross the English channel in a hansom or on a bike! STATE PRIMARY CITEDBY DRYS F! a Times Special WASHINGTON, May 7 —Primary results in Indiana were cited to the House, Thursday, as indicative of the strength of the prohibition cause by Representatives Cramton of Michigan, one of the dry leaders In

165 NewSpring Coats Further Reduced Twills, AIT Sizes 16 to 46. tMMMa—a—an i "'■■ Choice I Underwear HATS £% 8M Included Are— H H 2-Pe. Set* ■ ■ See® Slip* Voile Chemise ■ Lonwette Bloomer* Voile Step-In* Cotton Striped Slip*

PAGE 13

Congress. He pointed to the fact that Noble Johnson of Terre Haute, got a 10 to 1 vote against the wet candidate, and that Richard N. Elliott of Connersville ran 8 to 1 over his opponents, who included Miss Esther Griffin White of Richmond, the later running on a wet platform. "Beer and wine advocates cannot hope to make any showing in the Seventieth Congress in view of these figures and the result in the recent Illinois primary," Cramton said. [TA _ After A Bath* I with hTd Cuticura Soap! j Dart With <■ I CuticuraTalcum \( I I Delicately Medicated I Os Pleasing Fragranoe |