Indianapolis Times, Volume 43, Number 225, Indianapolis, Marion County, 28 January 1932 — Page 4

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Government in Business “I am opposed firmly to the government entering Into any business tne major purpose of which is competition with our citizens,” said President Hoover when he vetoed the Muscle Shoals bill last year. When the new congress met President Hoover recommended creation of anew home loan banking system, with no apparent perturbation over such a system competing with private existing agencies for making home loans. He also recommended, and is about to put into operation, his two billion dollar reconstruction finance corporation. Its purpose will be to get up to its neck In the banking business, which banks privately operated anb Individually owned should have been able to handle—but were not. But President Hoover opposes government operation of Muscle Shoals, which the government built and owns. There seems to be, in the President’s mind, some Important difference between the government operating a plant it already owns. There is, of course, no real difference But President Hoover, in that same Shoals veto message, said: “I hesitate to contemplate the future of our institutions, of our government, and of our country, if the preoccupation of its officials is no longer to be the promotion of justice and equal opportunity, but is to be devoted to barter in the markets. This is not liberalism, it is degeneration.” President Hoover might care to edit that statement now, particularly that last sentence, in the face of his newest recommendations for the government to go into business. Government in business? Certainly the government is in business; irrevocably in business. It has been for some years; it will continue to be in business. The Rage for Liquidity Bankers have the reputation of being cold, conservative and not in the least subject to stampede. In some detailed respects that reputation is correct. But, in the larger sense, bankers, like other members ol the human race, run in herd and are subject to mass psychology. In 1928 and 1929 the sky for the bankers was the limit. Now they are moving as intensely in the other direction. Ogden Mills, undersecretary of the treasury, describes how, in the most timely advice the bankers have had from a high governmental source in many, many moons. The present banking rage is for liquidity. But here is the way an unrestrained struggle for liquidity actually works, as pointed out by Mills. “Take a simple illustration. Assume a town with two banks, bank A and bank B. Bank A wishes to increase its cash and so make itself more liquid. “It accordingly sells SIO,OOO worth of governmental securities at an attractive price to a depositor in B. The depositor pays for them with a check drawn on B. B pays A SIO,OOO in cash and its deposits are reduced by SIO,OOO. A’s cash is increased SIO,OOO, but its deposits are not. B, finding its deposits reduced and its cash depleted, in its turn sells securities to a depositor in A thus reducing A’s deposits SIO,OOO and restoring SIO,OOO of B’s cash. “The net result is a decrease in the deposits and investments of both banks and a reduction in the market value of their remaining assets, but no improvement in their cash position. “In fact, the banks are, if anything, less liquid, than at the beginning of the operation, since they have disposed of some of their best assets and have weakened the market for other securities. “It is very much this kind of operation that has been going on in recent months in the United States, with a consequent tremendous decline in the prices of all investment securities. The situation has been aggravated greatly by this process of bank credit attrition, and yet this is a process which to a very great extent is within the control of the banks themselves.'* A good motto for bankers, as for all of us, is: Do all things in moderation. The banking profession is in a fair way to become so liquid that it will be, as the saying goes, all wet. Judge Cardozo President Hoover is moving slowly, and evidently with great care, in sifting the names of men urged upon him for appointment to the United States supreme court. He is to be complimented on his apparent effort to make no mistake. The President knows, as the country knows, that there is no more important position in the land that a place on the supreme bench. There sits the court that in the last anaylsis governs this country. If, unmoved by any consideration except an unshakable desire to name the best man available, Hoover eliminates the candidates one by one. he will, in the opinion of leaders of the bench and bar, finally fix upon one man. That man will be Bejamin N. Cardozo, chief judge of the New York state court of appeals. Freedom of Consciente Church members of all sects, believing that the United States supreme court’s flve-to-four decision in the Macintosh-Bland cases throttles the conscience of American-born citizens, as well as raising a bar against aliens whose beliefs forbid them to bear arms, are organizing to demand that congress amend the the naturalization laws so that no alien shall be denied citizenship because of conscientious objection to w T ar. The churches supported the World war when this country entered it in 1917, and they may support other wars, but this fact does not make less impressive their present insistence that freedom of conscience is a freedom which must not be surrendered. While churches as organizations have not been pacifists in actual practice, they recognize the fundamental need of the individual to decide for himself what course he shall follow when temporal demands and spiritual injunctions conflict. Only by action of the sort the churches propose can we get back to the intent of the Constitution, whose founders thought it important that “the free exercise of religion’’ be guaranteed within this country. Violence in Depressions The hunger and misery in which upward of ten million Americans and their dependents find themselves this winter has alarmed observers, running all the way from the Pope to General Smedley Butler. In his Encyclical of Oct. 3, His Holiness said: -The want of so many families and of their children, if not provided for, threatens to push them—which may God •vert—to the point of exasperation.” Two days before General Butler had declared in Philadelphia: “The threat of revolution over

The Indianapolis Times (A SCKII'I'S-.IOIV IKI> NEWSPAPER) Owned and poblluhed daily (except Sunday) by Tb Indianapolis Tiroes Publishing Cos.. 214-220 Wt Marylaud Street Indianapolis, lnd. Price In Marlon County. 2 cents a copy; elsewhere. 8 cents—delivered by carrier. 12 cents a week. Mail subscription rale* in Indiana. $3 car: outside of Indiana. 65 cents a month. Btm> ouKLey. ro\ w. howahu. eakl and. baker. Editor President Business Manager HHONK—K cy MM THURSDAY, JAN. 38, 1933. Member of United Press btrlpps-Howard Newspaper Alliance. Newspaper Enterprise Association Newspaper Information Service and Audit Bureau of Circulations. “Give Light and the People Will Find Their Own Way.’ 5

the country unless something Is done right away to provide employment, relieve poverty, and equalize wealth.” Judged by the past, what is the likelihood of violence in this third winter of depression and suffering? The precedents of history are no accurate guide to the present and the future, but they are worth something. There is a good review of the facts by Burt P. Garnett in Editorial Research Reports. The first mass protest against harsh economic conditions came in New England after the Revolutionary war. Shay’s Rebellion was a protest of the sorely pressed farmers, who were heavily In debt, their lands mortgaged, and their credit gone. But the forces of law and order triumphed quickly and the embattled farmers swallowed their grievances. Our first severe panic and depression came In 1837, though there had been hard times in 1819. There was a famous bread riot in New York City. A crowd of some 5,000 raided Eli Hart’s flour store and started to roll the 50,000 barrels of flour out into the street. The mayor protested, but was driven away by a shower of sticks, bricks, and chunks of ice. The rioters finally were scattered by the police and a body of national guardsmen. In the depression of 1857, misery stalked again. Some 10,000 men wer e out of work in New York City (as compared to the present 1,000,000 from a much larger population). Bread riots threatened, but the authorities acted in time. Many were put to work on Central Park and other public enterprises, while souphouses were opened to serve the poor. The crisis passed with no serious violence. After the Civil war many ex-soldiers found themselves out of Jobs and turned to the frontier to form near-outlaw bands of raiders. They terrorized some of the border states, especially Missouri, of these gangs Quantrell’s Raiders were the best known. The depression of 1873 was severe, but there was little accompanying rioting directly attributable to the economic slump. The depression of 1893-4 produced Coxey’s army and the march of the “Commonweal of Christ” to the capital In the spring of 1894. Various contingents estimated at between 6,000 and 15,000 persons, took part in this enterprise. But only some 500 ever reached Washington. There they were very orderly, but were attacked by district police, and many of them locked up for trespassing on the capitol grounds. There was some friction between authorities and scattered contingents of the “army.” The chief instance was at Billings, Mont., where one man was killed and several injured. No important cases of rioting or demonstration accompanied the panic of 1907 or the depression of 1921. in the latter case, the violence was all on the side of the established order—the notorious “red raids” and deportations delirium of the Mitchell-Palmer regime. By and large, then, the American citizen appears to be surprisingly docile under the pangs of hunger and cold. Even an empty stomach and a shivering hide can not make a persistent rioter out of him. To many it has seemed that the vested interests have shown great audacity and recklessness in allowing a vast army of unemployed and miserable men to grow up in our midst in the last two years, with n? serious efforts to deal with the challenge. But if American history is any guide, our industrialists and bankers have little to fear from this source. The social and economic order they represent may drop to pieces in our country from sheer incompetence in its leadership, but there is little probability that it will be overthrown by force. Nobody Loves a Creditor Some French editors and more French politicians are working themselves into a feverish state of mind over allied debts and German reparations and Uncle Sams relation to both. And there is much criticism and some abuse of this country. Perhaps we might as well blame it all to cussed human nature. A story was told of James G. Blaine while he was campaigning in Ohio in 1884. Some solicitous friend told him of a certain Republican somewhere in Ohio who had been heard roundly abusing Blaine on numerous occasions. “I don’t understand why he should abuse me,” said Blaine, “I never did him a favor.” Democrats are jubilant about the recent overturn in New Hampshire. Moses will have a tough time leading the Republicans out of this wilderness. A professor says brains, not brawn, have made farmers successful. After the success of last year, farmers will be glad to go back to brawn. Texas Guinan has left Chicago and gone back to Broadway. Apparently discovered that as suckers, the midwesterners wouldn’t bite. Newspapers report a lost city was found in India. Maybe Gandhi’s been holding out on England.

Just Every Day Sense BY MRS. WALTER FERGUSON

THE present unfortunate situation in Hawaii should cause us to take stock of ourselves. Most of us are swayed by our prejudices and few know anything about the truth of what happened in Honolulu. Until we do, we best had reserve our judgments and our comments. Let us turn from a contemplation of the Hawaiian who now lives under the rule of the United States government, to the American Indian who long has done likewise. Did you know' that before the coming of the white man, the Indians did not know the meaning of a lie? An untruth was beyond the scope of their primitive comprehension, because they dealt honestly with one another. It probably was because of this trait that they accepted the stranger at his own estimation of himself. How else can we explain the conquest of Mexico by Cortez and his mere handful of men, who by duplicity and lies overthrew the greatest of ancient kingdoms? tt m a WITH few exceptions, when the European settled upon these shores he told the natives that he was a god, or was sent by a being who was a god. He held in one hand his Bible and in 'the other his gun. And out of his mouth issued all manner of falsehoods. Today the Indian can lie as well as the best of us. We have civilized him to that extent. He learned this art through bitter experience with those who call themselves his superiors. It seems to me that the godly people of the earth have in all instances behaved worse than barbarians. It would have been far more honest and gallant to have slain the Indians en masse than to have come to them in the name of Jesus and played the hypocrite. Men who count themselves civilized have held their more primitive brothers in endless bondage under the lame excuse of helping and enlightening them. We have called our acquisitiveness by manv flowery names.

THE INDIANAPOLIS TIMES

M. E. Tracy Says:

Submarines Are Instruments of Treachery, Useless in Peace, of Doubtful Value in War. Disarmament Should Begin With Their Abolition. NEW YORK, Jan. 28.—Another submarine gone down —the fifteenth since Versailles, with nearly 600 lives sacrificed to no good purpose. Every so often some good-hearted soul suggests the abolition of submarines, but only to be laughed out of countenance as an impractical dreamer. As long as one nation builds submarines all others feel they must. France argues that submarines represent her strongest element of defense against a sea attack, forgetting how they turned the whole civilized world against Germany. Submarines aro instruments of treachery, useless in peace and of doubtful value in war. Disarmament should begin with their abolition. tt n World of Raw Spots IF that were possible, the case for disarmament looks worse than it did in 1914. Noo only are there more men under arms in Europe, but there are more raw spots throughout the world. Japan is making an open bid for control of the Orient by force, India is seething with revolt, half the governments in Latin America are not only the products of armed upheaval, but kept in power by a show of force. A second seizure of the Ruhr because of Germany’s failure to pay reparations is not improbable. * Amen, Mr, Bakerl Newton and. baker is right in declaring that it would be unwise to make the league of nations a political issue at this time. The vast majority of Americans are opposed to the league, except as a theoretically good thing. Nor is their attitude due wholly to stubborness, or provincialism. If they have much to learn, so has the league which hardly can be described as more than a high grade debating society, with oldfashioned diplomacy pulling wires and manipulating decisions from behind the scenes. tt n n Childish Diplomacy ACCORDING to United Press reports, the League of Nations is dubious about indorsing this country’s policy toward Japan because this country failed to get behind its program. What hope can there be for substantial progress in dealing with great international problems as long as such childishness plays a dominant part? The league won’t play our game because 'we wouldn’t play the league’s game, though both were intended to accomplish the same end. Small wonder that Japan refuses to take notes and suggestions from the west seriously. tt tt tt Japan Determined CHINA met all of Japan’s demands at Shanghai. Does any one suppose Japan was bluffing, or that Shanghai would not have been taken, had a message of compliance not been received? Japan has meant business all along. The rest of the world has not. That little difference explains the trouble. Harking back to their own experimental, ambiguous way of doing things, Europe and America assumed that Japan was bluffing and that little was needed to stop her but a few noble gestures. M. Briand outlined a perfectly gorgeous program of reconciliation for the League of Nations, and Secretary Stimson made some unimpeachable observations, but neither had the slightest idea what they would do if Japan failed to take the hint. tt * tt Where's That ‘New Era'? JAPAN merely waited to see whether anybody intended to pull a gun after all the hip-pocket motion, and discovering that nobody did, went right ahead with her business. She has taken Manchuria, and now she is at the gates of Shanghai, with three cruisers sent up river to scare Nanking, Still we go on believing that a new era ( has dawned, that western civilization is really committed to certain definite ideals.

m today m ''7 ~, IS THE- Vs ' WORLD WAR \ ANNIVERSARY tgjSL

ITALIANS SCORE SUCCESS Jan. 28. ON Jan. 28, 1918, the Italians smashed an Austrian drive directed down the Nos and Campo Mulo valleys and captured 1,500 prisoners; including sixty-two officers. The Italian success at once was pressed throughout the entire region extending from south of Gallio in the Val di Nos eastward across Frenzela Torrent, via Bertigo, Monte Sisemoi, the Col del Rosso, and the Monte di Val Bella, to the Brenta. In this series of actions it w-as reported by the Italian general headquarters staff that the Austrians lost, all told, close to 10,000 men. When the offensive was well under way, British and French batteries joined the Italians, and an Italian staff officer remarked, “At last we have realized unity of command right in the face of the enemy fire.” TWO—QUES & ANS Where is radio station WBXAV? It is a television broadcast station operated by the Westinghouse Electric and Manufacturing Company at East Pittsburgh, Pa. Is It correct to say pant leg or pants leg? Pants leg is correct. What is the sex of Rin-Tin-Tin, the dog that appears in motion pictures? Male. '

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—DAILY HEALTH SERVICE Craftsmen Most Subject to Ills

BY DR. MORRIS FISHBEIN Editor Journal of the American Medical Association and of Hygeia, the Health Magazine. EVIDENCE is available to indicate that certain occupations carry with them a greater likelihood of illness and injury than do others. A survey made by the United States public health service showed that the highest rate of physical impairment were found among workers classed as skilled trades rather than among agricultural or professional workers. Persons classified as in the skilled trades show the usually high rates of impairment in the form of uncorrected defective vision, defective hearing, bad teeth, slightly infected gums, insufficient dentistry, frequent colds and bronchitis, disturbances of the heart and blood vessels, constipation, backache and pneumonia. Moreover, the skilled worker

Times Readers Voice Their Views

Editor Times—A movement being fostered among school officials of the country has as its purpose the reduction in salaries of the nation’s teachers. Naturally, little difficulty is expected, as teachers are so constituted and situated that they fear to fight back. They have been throttled so often by politicians that much of their stamina has been squeezed out, and backbones reduced to mushy marrow. If the teaching profession is to retain the high standard attained, after so many years, and go forward in releasing man from ignorance, superstition and greed-control, it must rise in its might and show the country that real men and women, with remade backbone, make up this indispensable group. Teachers are not insensible to the the fact that retrenchmen is needed at the present time, that governing expenses are beyond the incomes, and that taxes are a burden to a great mass of the common people. Certainly, taxes can not be higher and should be redftced; but why pick on this one group for the sacrifice? Are teachers to bear all the burden and become the scapegoat for all other high salaried groups, on the altar of tax reduction? No! Every teacher should echo the word and stand firmly against such imposition. Living expense for the teacher is no more reduced than for all other wage earners.- Already large reductions have been made in their salaries, and now another is proposed. Will we stand for it, or demand that other groups show an equal patriotic spirit and accept a like reduction? Governing officials, federal, state and local, yet are receiving wartime salaries. They say these can not be reduced except through long legal procedure. They would like to be agreeable and do their bit in this tax-reduc-ing exercise, but just can’t untangle the red tape. This may be true, but there is no legal barrier preventing all such high-salaried, soft jobbers from refunding, to all paying treasuries, a sum equivalent to reduction or proposed from the teachers. Enough money would find its way back into the various treasuries to ; permit of substantial tax reductions. Yes, when all public salaried in- ! dividuals agree, in writing, to such arrangement and Share in this noble movement, the teachers gladly will co-operate. So come on now, you political patriots, and show the stuff in you; otherwise, you are barking up the wrojig tree. Teachers, straighten your back, square your shoulders, and stand against any further movement to make this great profession a mere political football. JAMES W. CORY. Editor Times—Perfectly safe and sound investment, paying 624 per cent interest. That is what all the swindlers say. But no risk; interest paid every day. Yes, that is what those bum oil stock salesmen said. This is different, though. Oh, yes! Those Florida land salesmen said their land was different. It was, Youjfcould not raise hell on it.

Cold Feet

showed a higher rate in the use of patent medicines and the habitual use of laxatives and in various kidney diseases. A recent survey by the United States public health service attempts to find out whether or not the occupation bears any direct relationship to the fact that workers in skilled trades should have greater impairment than those in other occupations. For instance, it is found that uncorrected defective vision was seen more frequently among garment workers and tailors, a group whose eyesight is constantly strained. Defective hearing is found most frequently among blacksmiths, foundry workers, iron workers, metal workers and carpenters, a group in which noise is a definite factor. For carious teeth and pyorrhea painters have the highest rates, perhaps associated with their constant contact with lead.

This is no gold mine in Africa or oil well in Siberia but a sound, safe company right here in Indianapolis. Bah! It is hard to believe that any company in Indianapolis is paying more than 20 per cent, and doing it honestly. Any company paying 20 per cent is certainly honest to the stockholders. The stockholders do not sell that kind of stock. But this stock is different. It is extra preferred stock. All good, bad, and indifferent stock was alike in the stock market crash. Not the extra preferred stock. Who ever heard of extra preferred stock? What is it? Well, regular preferred stock agrees to pay dividends on the preferred stock before paying anything on the common stock. Easy! The company goes broke, and in the hands of a receiver, and you can whistle for your dividends on all their stock. That is just the beauty of this extra preferred stock. When the company quits paying dividends, it has to quit business and the law will not let it quit. The laws are all in favor of the rich. * Right! And this is a poor man’s stock. If it is so good, why do the rich not buy all of it? They do buy some when the auto breaks down or they park in the wrong place. There is no company in Indianapolis with stock like that. Yes? Prove it and I will buy SIOO worth to get rid of you. This is my busy day. How about the Indianapolis Street Railway? Why, that company, can it pay expenses, much less dividends? No you do not know stock. They have no extra preferred stock? Says you They sell it every day. t me and collect your SIOO. I told you it was a poor man’s stock and the best advice any banker or broker can give you is not to buy any more of a stock than you can use, no matter how good it is. I will sell you $1 worth, which is rll need at a time and you aJways can get more. You funny joker, what are you l nL _about? street car tokens Ha! Those fool pants buttons! I never bother with them. Sure. You do not know a good investment when you see one. Where do you gpt the 624 per cent? Easy! If you ride back and forth to work every day and take the Mrs. to the park on Sunday you use $1 worth of tokens in a week. If you pay cash fare, 16 times 7 cents is $1.12. That is 12 cents saving in a week; 52 weeks times 12 cents is $6.24 on an investment of $1 in a year. I knew there was a catch in it. I invest $52 in a year. Figure, man, figure. You dc not. That $52 is operating expenses, not investment, and is not $52 worth of riding returned to you? Our professor in college always i said figures don’t lie, but liars will ; figure, so figure it yourself and see who is lying. f. m. Editor Times—What’s the matter that we hear so little about full payment of the World war bonus? Are all the real waTveterans tongue-

Constipation is found most frequently among workers in sedentary occupations. Varicose veins are seen most frequently among workers constantly on their feet, and backache most frequently among miners, who usually work in a stooping position. Flat-feet are found exclusively among waiters, domestic help, barbers and butchers—again a group compelled to be much on the feet. Thus the higher rates for skilled workers are explained in some instances by the occupation. In most instances, however, they seem to be the result of several factors, including social, educational, and economic causes and, of course, any type of injury may occur in any class of worker. The survey emphasizes particularly the necessity for a thorough study of every case to eliminate not only direct, but also indirect, causes of disease.

tied, or have they lost the pep we had in 1917? I think it is about time we started our “barrage” and a real offensive, or I am afraid we are all going to be out of luck. What we need is a few more congressmen like Wright Patman of Texas, who really is for the veteran and not afraid to voice his sentiments before congress and state the truth about the feeling of the exservice men in regard to the money rightfully due them. All we hear is relief here and . .- hes there and doing nothing but taxing people more here and more there, and soon those who aie being taxed beyond despair are going to need relief, and then we will have ‘he big question—where is the money coming from? Congress passed a bill for two million dollars for veterans’ relief not long ago, for pensions and vetthhS * xpenses - About ones H? te S golns t 0 veterans and the other two-thirds is the cost of distribution. Why shouldn’t congress pass a bill for payment in fuil and do away with two-thirds of these bookkeepers and the other office help, as their services no longer would be needed? The amount it would take to pay the bonus the government would save in two years, as there would be no bookkeeping to do on the service certificates. What we exservice men want is what is rightfully due us and not in the form of relief, for jowl bacon (Hoover ham) and navy beans don’t put shoes on your babies’ feet. Let’s all make a drive for payment in full. I am a red-hot Democratic exservice man, formerly of the One hundred sixty-fifth infantry, Sixtyninth regulars, from New York. WILLIAM F. CHERRY, 447 North Warman avenue. What is the correct weight for a 17 year old girl, 5 feet 5 inches tall? One hundred and twenty-six pounds.

Bridge Parties Everybody and his grandmother are playing bridge—auction or contract. And there is no form of entertainment that a hostess can select that so easily solves the problem of a number of guests as a bridge party. It lends itself to the simplest or the most elaborate functions, and may be a feature of a luncheon, tea, afternoon or evening party. Our Washington bureau has ready for you its new bulleting on Bridge Parties that contains suggestions that any hostess will appreciate. It suggests score cards, refreshments prizes tells how to run a progressive bridge party, auction or contract-’ covers the etiquette of bridge parties, benefit affairs, teas, luncheons and club affairs. Fill out the coupon below and mail as directed. CLIP COUPON HERE Dept. 166, Washington Bureau, The Indianapolis Times, 1322 New York avenue, Washington, D. S.: I want a copy of the bulletin Bridge Parties, and inclose herewith 5 cents in coin, or loose, uncanceled United States postage stamps to cover return postage and handling costs. Name St. and No. t t City state I am a reader of The Indianapolis Times. (Code No.)

.JAN. 28, 1932

SCIENCE BY DAVID DIETZ

Science Honors Professor James Bryant Conant for His Research on the Subject of Chlorophyl. THE late Dr. Edwin E. Slosson once said that we could solve many of our problems if we only knew as much chemistry as a tree. Mankind slowly is making progress in that direction. The latest step just has won the William H. Nichols medal for the man who made it. The medal, awarded annually by the American Chemical Society just has been given to Professor James Bryant Conant, chairman of the division of chemistry of Harvard university. The medal goes to Professor Conant for his studies upon the subject o' chlorophyl. A tree, and e.ery other green plant for that matter, feeds and grows through a process known as photosynthesis. The leaves of the plant absorb carbon dioxide from the air. The roots taken in water from the soil. The plant, with the energy of sunlight, puts these two together into carbohydrates—sugars and starches. The process, however, only can be carried on when the leaves contain a green pigment known as chlorophyl. This pigment is a catalyzing agent. It apparently makes possible a chemical reaction which otherwise could not occur. If we knew as much chemistry as a plant, we could free mankind from his dependence upon farms and forests, and manufacture food and fuel in factories using sunlight as the Source of energy. tt tt w Conant’s Second Medal THE Nichols medal is the second outstanding scientific honor won by Professor Conant this year in recognition of his work. The other was the Chandler medal of Columbia university. He will receive the Chandlpr medal of Columbia university on Feb. 5, and the Nichols medal on March 11. At the Nichols medal ceremony Professor Conant will deliver an address on “An Introduction to the Chlorophyl Molecule.” Dr. Walter S. Landis, chairman of the New York section and vice-president of the American Cyanamid Company, will preside. Professor James F. Norris of Massachusetts Institute of Technology and Professor Hans T. Clarke of the College of Physicians and Surgeons of Columbia university will be other speakers. Professor Conant in his Chandler medal address will discuss "Equilibria and Rates of Some Organic Reactions.” The late Dr. William H. Nichols established the Nichols medals to encourage original research in chemistry. The award is determined by the research published during the last year which in the opinion of the jury is most original and stimulative to further research. Dr. Nichols was chairman of the board *jof the Allied Chemical and Dye Corporation, a charter member of the American Chemical Society, and a benefactor of New York university and other institutions. * tt tt Career Brilliant PROFESSOR CONANT, regarded as one of the most brilliant of the younger organic chemists which this country has produced, was bom in Dorchester, Mass., in 1893. After attending the Roxbury Latin school for six years, he entered Harvard university, where he received the A. B. in 1913 and the Ph. D. in 1916. Upon his graduation he became an’instructor in chemistry at Harvard, and in the following year entered the army as a lieutenant in the sanitary corps, later becoming a major in the research division in the chemical warfare service. At the close of the war Professor Conant returned to Harvard as an assistant professor of chemistry, Hm became an associate professor in 1 1925 and a full professor in 1927. Meanwhile, he had acted as a visiting lecturer at the University of California summer school. Professor Conant is a former chairman of the organic division of the American Chemical Society and of the northeastern section of the American Chemical Society. He is the author of “Organic Chemistry,” joint author of “Practical Chemistry,” and editor-in-chief of Vol. II and IX of “Organic Syntheses.” His research has included work in reduction and oxidation, hemoglobin, free radicals, a quantitative study of organic reacoisn, and the chemistry of chlorophyl. He is a member of the American Academy of Arts and Sciences and of the National Academy of Sciences.

Daily Thought

Abide thou with me, fear not; for he that seeketh my life seeketh thy life; but with me thou shalt be in safeguard.—Samuel 22:23. Faith is obedience, not compliance.—George MacDonald.