Indianapolis Times, Volume 43, Number 137, Indianapolis, Marion County, 17 October 1931 — Page 4

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A Real Civic Enterprise Tomorrow evening will inaugurate anew reason of lectures at Kirshbaum Center by the nations’ leaders, in government, religion, social and industrial problems. These lectures are an important part of city life In that they challenge thought and contribute to a more tolerant and liberal attitude toward life. Progress is achieved only as new ideas are dissected and analyzed, the false discarded and the worthy adopted and made a part of civilization. In other years this group has brought many illustrious and noted speaker. l ; to this city whose contributions have led to discussion of topics that demand interest and attention. The real value lies in the fact that the subjects are generaily of a controversial nature. Some speakers have aroused antagonism. Others have obtained approval. But all have aroused stimulated thought. The center is to be congratulated on bringing as its first speaker Senator Robert La Follette, who carries on the traditions of his illustrious father. The senator is a part of the progressive group whose power in the next session of congress is likely to be greater than in the past. This group is not afraid of new ideas. Many of their earlier proposals, radical when suggested, are how a part of our accepted system of government. Citizens who are curious as to what may be offered as a cure for present evils in government and industry will have the opportunity of learning first hand from one of the acknowledged leaders of that movement. Those who are tired of the bunk and platitudes of those who trust in labels rather than principles will at least not be bored. IVot Fooled The suggestion of the Insull interests that they be given the zone system of rate making in return for a reduction of $370,000 in electric bills for seventy cities has not fooled the citizens of the affected communities. That the protest against utility rates is state wide and a very urgent question is shown by the following editorial from the Franklin Democrat: The Public Service Company of Indiana announces that it has filed a petition to revise downward electric rates for towns and cities it serves in southern Indiana—seventy-six in number, in which list Franklin and Greenwood are included. It states that the annual savings to customers would be estimated at $370,000. Considering the territory covered and the number Df patrons served, that total reduction is nothing short of a joke. To amount to anything that would be worth while to consumers the total reduction in one whole year ought to be ten times $370,000. Citizens should not be misled by this favorite method of quieting the minds of people. To give the amount of reduction in a total sum looks big, but when applied to individual consumers it does not amount to a bagatelle so far as any real relief goes. 'lhe reduction as estimated would not amount to one dollar a year to thousands of customers. It would not exceed two dollars a year on an average to the people, served. That is not the sort of relief consumers arc expecting or the amount of relief to which they are entitled. The reduction should be something substantial and in keeping with the reductions that have been made in all other matters that affect materially the living and business necessities of citizens. No, a total reduction of ten times $370,000 would be small in comparison with the real necessities of present conditions.

The Relief Campaign Communities of the nation start Monday on a five-week campaign to raise funds for unemployment relief. This is probably the most important money-raising campaign since war days. In this effort the administration has put its hope of meeting the winter’s problems. We sincerely hope it will succeed. Before this we have stated our position: That the problem is a national one which should be met by supplementary federal appropriations if the campaign for private funds fails. There is only one way for Community Chest campaigns to be successful—the wealthy must contribute a larger share than they have in the past. Small-salared persons, who too often within the last two years have had unemployed or part-time employed relatives and friends to help through this depression, will pay their share, as they have done in the past. But their funds have been hit seriously by bank failures, wage cuts and direct family charities. Their dimes and dollars will mean much to the spirit of these drives. They are the persons who have seen and telt the effects of this depression upon themselves, their families and their friends. They give because they know the need. But it is the wealthly who must bear the brunt of this fund-raising. The cities and counties and states, in many instances, will be called on to appropriate again. They contributed 72 per cent of the funds for family welfare and unemployment relief work last year. But between then and now these treasuries have been under great strain; many of them are depleted. These local governmental agencies will appropriate what money they can. But neither this help from local governments, nor that from the wage earner and the salaried worker will be enough. The question of whether this campaign will raise sufficient fiends can be answered only by persons of means. They should give so freely that their gifts will “startle the most generous.” Back to Calles There is nothing but comfort to Mexico’s masses and American liberals in the latest turn of events across the Pin Grande. For the resignation of President Ortiz Rubio’s cabinet brings back to active government life former President Plutarco Elias Calles as secretary of war. Calles is a constructive reformerstatesman. The shift also may call to Calles' side as secretary of interior Manuel C. Tellez, former Mexican ambassador to Washington. Tellez did as much here for honest diplomacy and peace as the late Ambassador Morrow did in Mexico City. More than ever in her turbulent history, Mexico needs men like Calles and Tellez. Mexico’s course long has required careful steering between the demands of domestic economic reform and of foreign capital pressure. Now, with her two chief exports, silver and oil, at rock bottom, she is threatened with unusually hard times, low wages, unrest, and a falling peso. There has been a noticeable swing away from the revolution'* ideals, a slackening of effort to give back to the peons their land and a decent living wage to the new industrial workers. With Calles back in /he government, it is hoped that the reforms started

The Indianapolis Times A BCKIPPB-HOtVIKU NEWSPAPER) Owned and published dally (except Sunday) by The Indianapolis Times Publishing Cos.. 214-220 West M.TFylaud Street, Indtanspolis, Ind. Price In Marion County, 2 cents a copy: elsewhere. 3 cents—delivered by carrier. 12 cents a week. Mail subscription rates in Indiana. $3 a year: outside of Indiana, 65 cents a month. ® OTD .S. ORLEr - ROY VV HOWARD. EARL ITbaKKiL _ „°*L President Business Manager PHONK-7-Rtley_6Bß1 J - SATURDAY. OCT, 17, 193 L Member of United I ress, Seripps-Howard Newspaper Alliance. Newspaper Enterprise Assoclatlon. Newspaper Information Service and Audit Bureau of Circulations. “Give Light and the People Will Find Their Own Way.”

so bravely at Queretaro in 1917 will be carried forward. The United States should welcome the change. Never, until the Mexican peon becomes a land-own-ing and consuming entity, will our commerce accross the Reo Grande thrive. Last year we exported to Mexico only $116,000,000 worth of goods, as compared. with the $222,000,000 in 1921. Mexico will try quack remedies, like a high tariff, in vain. As in the United States, rehabilitation of her masses is her only assurance of prosperity. The word "peon’’ means a “flattened-out person.’’ With 12,000,000 flattened-out persons, Mexico never can prosper. Cannon Is Not a Martyr Indictment of Bishop Cannon of the Methodist church on a charge of conspiracy to violate wilfully the federal corrupt practices law, should not be allowed to start one of those waves of religious and anti-religious bigotry which are the disgrace of America. Protestant prohibition fanatics, in trying to make Cannon a martyr, are on dangerous ground. And so are the anti-church fanatics who would have the public believe that Cannon is typical of the Protestant churches and the prohibition movement. In his campaign of bigotry to defeat A1 Smith for the presidency, but Cannon did not act as a bishop or as a Methodist, but as a citizen. Asa citizen, he had a right to fight Smith legally. His methods of intolerance violated the teachings of Jesus and the spirit of the American Constitution, But so long as he kept within the letter of the law, that was a matter of his own conscience. And it is important that those churchmen who wish to make a martyr of him realize that the law did not reach out to restrain Cannon in his bigotry campaign. The law was invoked against him on a charge which has no connection whatever with any of Cannon s religious acts or beliefs. Court action was invoked when he defied the federal law for the preservation of clean elections, the law to protect the country from political crooks. We believe that Protestant churchmen' and prohibition leaders generally disapprove of the illegal political practices of Cannon, it is unfair to saddle his church with his personal sins. Nor can prohibition be cured by cursing Cannon. As advocates of prohibition repeal, we nevertheless believe that the rank and file of drys are as good citizens as their opponents, and that it is possible to keep this necessary political battle a clean fight on both sides.

Beyond Farm Credit Farmers and those who hold Federal Land Bank bonds as investments apparently would benefit if the capital of these banks were increased, as President Hoover has proposed. Addition of $60,000,000 to the capital structure of these institutions should, we are told, widen the ! market for their securities, drive down farmers’ interest rates, and make more money available for borrowing. That is splendid. The credit problem, however, is but part of the whole farm problem. A farmer now can borrow from the federal institutions, from the federal farm board through a cooperative, and from private institutions. In fact, some say the numerous facilities for borrowing have led to excessive loans. President Hoover's move is a good one; but before it is fully effective, the farmer must receive more for the things he raises. With cotton at 5 cents, and wheat at 50 cents, cottonseed at ridiculously low prices, and land values down, the farmer’s most acute need is for additional fresh money for what he produces, not borrowed money. The farmer can help in an effort to realize fair prices by cutting down his overproduction and, perhaps. raising more food for himself and his animals. He must realize that he will have to do this himself, or face the possibility of being forced by some outside agency to do it. But tlfe government can help in this effort, too. It can make its federal farm board quit speculating, improve the organization of co-operatives, and dispose of the vast stabilization stocks of wheat and cotton it now holds. xt can. also, scale down the tariff so that our exportable surpluses will, in fact, be exported. Until these things are done, the availability of cheap ciedit will not solve the problem of American agriculture. Women can vote in Spain now if they’re 23. Which complicate it for the gals passing for 18. Among other municipal ills, an eastern city says its new jail is too small. Probably has the cramps. The world has gone mad. says one Dr. Silver. What did someone say about silence being golden? As the bridge player with the fiery-tempered partner said: “My life is in my hands!”

Just Every Day Sense BY MRS. WALTER FERGUSON

/'"VCCASIONALLY one meets a woman who ought to be spanked. Some of these married ones seem to be suffering from acute cases of, infantilism and it might be a good thing to punish ‘them drastically. Here is a thumbnail sketch of how one such specimen behaves: Been married ten years to a kind and somewhat too indulgent man. Has a son, 9 years oki. Adores and spoils him. Has always refused to have anything to do with husband’s relatives and goes into violent hysterics every time he mentions a desire to visit his parents. Now is engaged in a steady effort to poison the son against his father, who loves him devotedly and has endured such treatment only for his sake. Tells the child that the father is a scoundrel and runs about with other women. A divorce is, naturally, pending in this family, and the man. who knows what happens too often in cases of this kind, is distressed profoundly. He realizes that his son undoubtedly will be taken from him, and this fear probably is justified. a a a THE truth is that the wife is conniving to have her husband kicked out of the home. She will be given charge of the son and he will be obliged by the courts to support the two of them, while being cut off from his child except for the usual occasional contacts. Now, I do not know what should be done to women of this kind, but certainly their behavior should not be accepted complacently by society. There seems to be no way by which the man in such an instance can obtain justice. The mother has had all the advantage by influencing the plastic childish mind to what may be permanent prejudice. It seems to me if I were the husband in this case, I would for one glorious minute gne this wife a grand spanking and then go willingly and happily -to jail.

THE INDIANAPOLIS TIMES

M. E. Tracy

SAYS:

If the at Yofktown Means Anything of Lasting Importance it Is Promoting the Gospel of Mass Welfare. NEW YORK, Oct. 17.—They are moving on Yorktown by auto. Pullman car and airplane, where Washington's men came by foot, or on horseback. They are celebrating the victory with guns which make those that won it look like toys. The very methods by which they express themselves show’ how’ far and fast the world has moved since Cornwallis surrendered. Descendants of Lafayette are there to remind us of w’hat France did. and a descendant of Baron Steuben to recall Germany’s part. Even a descendant of Cornwallis has come to complete the ensemble. Only Washington, who won the fight, is without a descendant. a a a If Washington Returned IF Washington were to come back he hardly would know the place, much less the country to W’hich it gave birth. It would take him weeks to understand the idioms and slang of modern English, and even longer to operate the devices and contraptions of modern life. He would have to ask what a cook stove was, since he never saw’ one, and he would have to cultivate a taste for ice cream, since he never ate it. As for the auto, electric light, and telephone, they would represent a strange new world, and it would be difficult for him to get the idea of radio. a a a Racketeering Not New WHEN it came to some of the more fundamental activities,however, such as the indictment of Bishop Cannon, the Seabury investigation, or the trial of A1 Capone, Washington would feel perfectly at home. He could name plenty of clergymen who not only went in for politics, but took the other side. So, too, he could name politicians who betrayed their trust and racketeers who bled the public. We have invented nothing new along those lines. a a a Politics the Same WHAT would Washington say about unemployment, prohibition, or Stimson’s policy toward Japan? Whatever he said, it would be in-: telligent and to the point. Though little children might be able to bewilder him with their knowledge of mechanics, our greatest minds hardly could tell him much about politics, whether from a domestic or foreign slant. Politics is the same old game. General Washington could begin right where he left off. a a a Longer to Live DR. WILL MAYO thinks that by another generation we shall have extended the average span of life to 70 years, which means an increase of 12 years over what it is at present and of 22 over what it was in Washington’s time Regardless of what the average span of life has been, a few people always have lived long, fully as long as they' do today. Though Washington died at 67. Thomas Jefferson lived to be 85. Benjamin Franklin to be 84, and John Adams to be more than 80. Even if we can increase the average span to 70, we shall only have done for the many what nature constantly has done for a few. a a a Improving the Average WHEN you come to think of it, that seems to be the object of civilization with regard to most everything. About all we have done, or can hope to do, is improve the average. The world always has been blessed with a select minority who appeared able to get by, regardless of epidemics, disasters, or social injustice. Where it has failed is with regard to the less fortunate majority. If this country has contributed anything of value to mankind, if the victory at Yorktown means anything of lasting importance, it is in promoting the gospel of mass welfare.. a a a Democracy Doubted WE have convinced ourselves, if not others, that true prosperity depends on the buying power of average people. We have developed a political system on the idea that good government depends on the intelligence of average people. The work is far from completed, however, as conditions throughout the world plainly show. Bewilderment caused by a singularly tragic series of misfortunes has caused a definite loss of faith in democracy. Though we can regard monarchy as obsolete, we are confronted with a growing demand for dictatorship, some of which has originated in the creed of "business efficiency.” This tendency to name unofficial czars, or create an official bureau whenever a problem arises, is not altogether reassuring.

Questions and Answers

Who is the French Ambassador to the United States and what is his address? Mr. Paul Claudel the ambassador from France resides at the French embassy, Washington. What are pork barrel appropriations? That is an American political idiom meaning appropriations of money by legislative bodies as a part of a scheme of political patronage.

Broun Rests ' Heywood Broun, conductor of ”It Seems to Me,” is enjoying his annual vacation. His column again will appear on The Times editorial page, starting Monday, Oct. 26.

BELIEVE IT or NOT

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Following is the explanation of Ripley’s "Believe It or Not” which appeared in Friday’s Times: The Tree-Climbing Goats of Morocco—On the western coast of Morocco, where vegetation is comparatively scarce, the domestic goats sometimes are sorely pressed for food. Close examination of the larger branches of the argan trees of that district shows that the animals, f< " centuries wandering up and down, have worn actual runaways in the trees. The goat has been a

DAILY HEALTH SERVICE Foot Troubles Menace Entire Health

BY DR. MORRIS FISHBEIN Editor Journal of the American Medical Association and of HTaeia, the Health Maaazinc. ALL sorts of troubles can happen to a foot. Among the most common conditions are sprains, strains, fractures, dislocations, excessive sweating, corns, callouses, warts, chilblains, ringworm, bunions, hammer toes, painful heels, ingrown toenails, cracked toes, blisters, bruises and disturbances of the circulation. Any one of these conditions may eventuate into a serious disturbance affecting t.he\body as a whole. One need only recall the death of the son of a former President of the United States who, while playing tennis, developed a blister on his heel from rubbing by his tennis shoe. Within a short time the blister became infected and general septicemia developed and death followed. In a recent consideration of the care of the feet, Dr. Philip Lewin provided a number of footnotes whicji every mother and every industrial worker will do well to consider carefully. Obtain a shoe that’ has the shape of your foot.

Times Readers Voice Their Views

Editor Times—l would like to ask an explanation of the Community Fund. According to the figures published in your paper last fall in regard to the” distribution of the money paid to the Community Fund, the Family Welfare society received about one-eighth of the total. Why do the people of Indianapolis stay so blind to facts? This Family Welfare society is the only organization to which one can appeal for charity. The other organizations are good and helpful to our people, but they are not relief stations to which the needy can apply for aid. Why is it that in times like we have at present, this seveneighths of $1,000,000.00 goes to places where the really destitute can not apply and receive help? The Indianapolis Times is one paper which, as a member of the Scripps-Howard chain, stands for fairness and honesty. "Give light and the people will find their own way.” Why not give light on the Community Fund facts? Hundreds of workers are “forced” to give to this fund each year against their wishes, or give up their jobs. These same workers gladly would give if seven-eighths of their dollar did not go to organizations which are not charitable institutions. The entire plea made for subscriptions to the Community Fund is on the basis of helping some poor child, who is without shoes or food, etc. This, of course, touches the hearts of the people. But why not use it for that purpose?. It looks to me like seven-eighths of every dollar should go to the Family Welfare society, then let the other one-eighth go to these other organizations. Why can not the people’s money really be used to help the needy, instead of most of it going elsewhere? GLEN W. SHARKEY. 5221 Ellenberger drive. Editor Times—l think it is about time for the public to be enlightened about the scandal surrounding the recent truck purchases and the Governor’s action in ordering

On request, sent with stamped addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

mesticated animal and an associate of man since the Stone Age, and as there are many indications that the Berbers may be a very ancient people, the idea is permissible that this practice of herding goats in the argan trees may be one of the most ancient of their customs. The Master of a Thousand Musical Instruments —The Rev. F. W. Galpin of Hatfield, Broad Oak, England, is the performer on a thousand instruments and owner of an extensive collection. He

Fit your feet and not the other person’s eye. The most important shoe measurement is from the tip of the heel to the middle of the big toe joint. This point* should come opposite that point of the shoe where the shank goes over into the sole. It should not be necessary to “break in” shoes. The purpose of modification of shoes is to give one support and to - compel him to walk over the proper walking angle. The purpose of exercises is to strengthen the supporting structures of the arches and to stimulate the circulation. The purpose of massage is to increase the circulation of the muscles of your feet, in order that they may grow stronger by the exercise. The purpose of contrast sprays, that is alternating hot and cold, is to furnish a tonic for the nerves, blood vessels, muscles and ligaments. Overeating is usually reflected in the form of painful feet as well as pain in the abdomen. Overeating causes foot dyspepsia. Obesity throws additional strain on the feet.

| a delay in the delivery of this : equipment, under the pretext of in- ; vestigating these awards. While the governor’s “pick and | shovel” program is commendable, it i can only refer to certain district unemployment situations and can , not aid ours and other cities unemployed. while the building of these trucks would give hundreds of city men work for several weeks. I wonder, too, if the public knows that a local truck company, whose product is, manufactured in Indianapolis, submitted bids on the four-wheel drive trucks that were asked for and then not ordered. This is anew company and not as 1 yet advertised, but demonstrations were given to the highway commissioners and their various employes and everyone was quite thrilled over its marvelous performance This equipment is especially good for the snow-removing vehicles asked for and then not ordered. Had the local company obtained this order, several weeks’ employment would have been given to nearly a hundred men. which would be in keepirjg with the Governor's suggested unemployment relief. Surely we all understand why the commissioners were given new passenger cars. A northern Indiana company was not given a maximum order in the recent truck bidding and was, no doubt, somewhat appeased by the passenger car order. With all the Governor’s ballyhoo about helping the unempoyed, his actions still smack of political favoritism. No doubt when the present mild agitation subsides . awards for truck equipment will be made to the favored few, as dic--1 tated to the Governor by the politi- | clans. A CITIZEN. Editor Times—l am an un- ; employed war veteran and if our government is in dire financial cir- | cumstances I, for one, would be willing to go without my bonus, if congress should pass the bill to pay it off. But here is something which should appear in an editorial and I know you can write it correctly. James G. Harbord, chairman o l

!-< \7 Registered U. &. U y Patent Office RIPLEY

mastered such instruments as the mammoth bassoon, the buccin, the zummarah, the arghoul, the serpent, the rebec, the pibgorn, and a host of others of grotesque shapes and bizarre names. Some of the instruments would cause a great deal of amusement if brought into a modern concert room. Others are either modern or ancient versions of our present-day instruments. Monday—The flattest thing in the world.

Flat feet are not necessarily painful feet. Flat feet plus rheumatic feet are very painful and stiff. A slight degree of pigeon toes may be a very desirable condition. The child walks on the same hard surfaces—hard floors, cement sidewalks, and therefore it should have the same protection that the adults do, rigid or semi-rigid shank shoes. A flexible shoe is sufficient for those who need only exercise, but for those who need both exercise and support, it is insufficient. It may be used part time to alternate with the rigid shank shoe. Observe your child’s foot and leg posture occasionally during sleep. Be on the lookout for improper sitting posture or positions during rest or play. One of the worst sitting positions is that in which the child sits with its legs folded, so that the heels nearly touch the buttocks and the feet are in flat foot position. Flat feet and a W’eak back go together all too frequently. Keep your back flat and your feet arched. Remember that no matter how long you live you have to carry your feet and your feet have to carry you.

| the board of Radio Corporation of America, said in a recent speech ; that the war veterans were going j to congress with a tin cup in one hand. I would like to know how a man who is drawing SSOO a month | for each month since he left the : army, gets that way? That is $6,000 a yeir and would pay the bonuses of many war veterans in far worse circumstances ; than the former major-general ; must be. If he is so patriotic, why does he not discontinue this “dole” until the depression is over. This man probably draws a “few thousand" yearly from the radio corporation. L. W. TEMPLETON. / Editor Times—Dr. Charles W. Myers certainly is to be commended in his stand to aid the incurable poor. It is a blot on the fair name of Indianapolis and a disgrace to Marion county that our facilities for care of the aged and incurable poor are so limited. It does warm the heart to realize that among our medical profession there are a few men who have the courage and the greatness of spirit to forego personal gain and advantages to aid the unfortunate. A CITY WORKING GIRL. Editor Times—The killing of our citizens continues. Who is to blame? Is it the driver going, over the street at fifty miles an hour, or is it official who allows it? Why arrest the driver who fails to stop at a preferential street and let the speeder go until he kills someone or himself ? j Why is nothing said or done : about the speed? Other towns and I cities have twenty or twenty-five mile limits, and officers enforce the | law. Speeders and drunks are causing most of the accidents. H. V. ALLISON. Which state had a Negro Governor? Pinckney Benton Stewart Pinchbeck, a Negro, was Lidhtenant-Gov-i ernor of Louisiana from 1868-71 and acting Governor in 1872.

OCT. 17, 1931

SCIENCE BY DAVID DIETZ

Xcw Industries Arc Born, Old Ones Annihilated, in the Test Tubes of Scientific Research. SCIENTIFIC research is one of the ingredients of industrial success in the Machine Age. according to Maurice Holland of New York, director of the division of engineering and industrial research of the National Research Council. Industrial science, as Holland calls it, is a ‘‘gilt edge security.” “Research is one of the best forms of security for capital invested in industry," he says. ‘'Efficient management is another. "To a trained observer there is a direct relation between the research rating and the security ranking of the leaders of American industry “Turn to the financial page of your paper and read the names of industrial companies known as market leaders and you will find a list of those companies best known for their extensive research activities. “Nowadays' the discoveries of science are front-page news. The applications of science in industry appear in the business section, while the latest report of the advances of industrial technology are reflected in the quotations on the Stock Exchange. In the language of Wall Street, science appears on the financial page, when ‘the news is out'.” n o a Research Is Vital THE whole makeup of the industrial world depends upon the scientific laboratory, in the opinion of Holland. “In the highly competitive struggle for industrial supremacy, the march of science, discovery, and invention has so speeded up the advances of technology that a laboratory discovery may mean creation of anew industry, or expansion of one and losses for another,” he says. "Today’s in the field of scientific theory inevitably leads to application in the practical field of business tomorrow. The slow processes of evolution of industry by improvements in mechanical equipment has given way to revolution of manufacturing processes by research. “Within the last year or two many industries have felt the rising tide of competition, and not a few have slipped from their moorings. The very foundation of industries, unless they be anchored in the bedrock of pure science, threaten to be carried away. They carry on under the silent menace of the attack of competitors undermining the structure with the levers of applied science. "This year’s reports of some of the most progressive manufacturing corporations devote a half page of text orless to the finances of the company. “The remainder of the report is concerned with the achievements in science, invention and new processes and products which have grown out of them. "The spirit of these reports is typical of the far-sighted policies which guide many of our successful industrial corporations.” a a a Bankers Awakening LEADING bankers are beginning to realize that they must know the technical condition as well as I th e commercial and financial con- | aiiion of an industry, Holland, says. This, he says, is "because plant, j process and product may fall vic- | tims to competitive research.” “At this moment,” he continues, ‘analysts are busy searching out basic factors; statisticians present arrays of factual data as proof of their theories; and bankers keep daily tab on the shifting currents. They watch the surface ripples of 1 industry and commerce for a sign I as t 0 which way the wind is blow- ! ing. "Statistics, barometer charts, market letters, business cycles, carloadings, as indicators of the state of industry and commerce are accessories after the fact. They are based on past performance. "They are about as good as ‘racing form.’ in predicting the performance of any dark horse in the race for industrial supremacy. "Forecasting industrial futures, by a study of the present trend of research, will be reduced by trained observers to the same formulae and computations which govern the transactions in cotton and wheat futures on the New York Exchange. In the not far distant day of ‘the technical or science’ audit of an industrial company, barometer charts Sfn °f n tc( r hnica1 ’ not commercial, state of industry will appear "The technical audit, as a supplementary safeguard to the protective devices now used in longtCim industrial loans, seems to ba S2ST%. development in invest! ment banking.

BELGIUM’S STRENGTH October 17 0 N ° Ct ‘ 17, mi ’ an official V, Sia , temen t was given out setSfngth Belßlums mn had ’ the statement said, 120 - COO men on the 25-mile Eeigian firing line. . Back ( °f these were 100,000 more trafnin g or and back of these, a fully equipped munitions system and base and transport organization. A large part of the war supplies are produced in Belgian munition lactones, operated by Belgians and worked by Eeigian women, children, and wounded men. Since Belgium no longer could levy taxes in her own territory, she was financed by loans from Britain France and the United States The -,™ ted States was lending her $7aOO.OOO a month. In Africa the Belgian flag waved over the Congo territory and a Belgian army of 43,000 natives, commanded by Belgian officers, conquered from Germany 180,000 squara miles. At the outbreak of the war, Belgium had 30,000 regulars and 150,000 national guardsmen.

Daily Thought

Doth a fountain send forth at the. same place sweet water and bitter?— James 3:11. There is no possible excuse for ft guarded lie.—Hosea Ballou.