Indianapolis Times, Volume 44, Number 235, Indianapolis, Marion County, 9 February 1933 — Page 8

PAGE 8

INFLATION ERA WOULD MUDDLE FAMILY BUDGET Pay Check Boost Would Lag Behind Increase in Commodity Prices. Thi I* the fifth of a aerie* on the problem of Inflation. BY HERBERT LITTLE Time* Staff Writer WASHINGTON. Fob. 9.—Curroncy inflation, successfully accomplished overnight, would moan that most of our pay checks this week would not pay all the week's expenses. Personal budgets would be violently, if only temporarily, unbalanced, as far as workers receiving wages or salaries are concerned. Inflation generally is agreed to be a sudden operation, whereas the in- j evitable readjustment, increase of prices and other effects, follow somewhat later. Thus it would be a month or a year before our pay checks would be increased to make j up for the decreased purchasing power of the dollar. On the otner hand, the farmer tomorrow would get slightly increased prices for his goods, and many of the unemployed would be given jobs before many months, according to inflationists. Wages Don't Keep Pace Thp debate on currency inflation is chiefly between creditor and , debtor, between bankers and inves- ; tors on the one hand and farmers and other debtors on the other. But two other classes that include most of us—consumers and wage-earners —might be affected even more vitally. Changes in prices of goods sold at retail to consumers always lag noticeably behind the wholesale or producers’ price. Payment of wages to workers similarly lag behind changed conditions in business. For instance, government statistics ' show conclusively that the song- | ■writer didn't know what he was | talking about in the current hit encouraging matrimony because "po- | tatocs are cheaper,” etc. The cost of living on the average, calculated j from prices of food, rent, clothing, | etc., fell about 23 per cent from De- j cember, 1929, to December. 1932. But the pay roll total in the manufacturing industries, to take one in- J stance, has fallen more than 60 per rent. The number employed in J these industries has fallen more than 40 per cent. Bi-Metallism One Method As to the actual functioning of j currency inflaton, here are some of J the methods proposed: 81-METALLISM—SiIver would be j made a basis of money, at a weight ratio with gold. Sixteen ounces of silver, under the Wheeler plan, would be made worth one ounce of j gold. Gold now is worth a little ; more than S2O an ounce, and silver about 30 cents. This would make silver worth about $1.25 an ounce in gold money. Large quantities of silver would be ! sold to the government, and money | would be issued against it. The money would be used to pay part of the government’s five billion dollars of expenses annually, thus putting it "in circulation.” A variant of this plan is “symmetallism,” whereby each dollar, now backed by about 25 grains of gold, would be backed by a specified amount of gold and a specified amount of silver. This represents an attempt to prevent the gold money from being hoarded while a lessrepected currency is used to pay off debts. DEVALUATING THE DOLLAR— j T' amount of gold backing each dollar would be reduced. If this were cut in half, the price of gold would be doubled. The government coudl issue twice as much treasury and gold note currency on its present reserve. Senator Connally iDem., Tox.L lias indorsed this plan. ISSUANCE OF NEW MONEY— There are many of these proposals, the best-known being the TliomasRankin bill for issuance of currency known as “Liberty notes," which would be used to pay off government obligations. Another has been introduced by Representative Busby (Dem., Miss.i, one of the leading inflationists, proposing tl) that the treasury issue three billion dollars in ten-year 1 per cent bonds to Federal Reserve agents, and that (2) the Federal Reserve issue three billion dollars in its notes—currency. This money would be issued one billion dollars at a time, and stopped when and if the commodity price index reaches 80 per cent of the 1921-29 average. The money would be backed by 20 per cent of gold, compared with 40 per cent of gold nos required as backing for Federal Reserve notes. Gold Standard Threatened All these measures would involve going off the gold standard, according to most of the experts. Great Britain achieved inflation to some degree without resorting to any of these. She merely went off the gold standard overnight, and the' principal effect was on her international trade. Prices in general in Britain are about where they were before. But the fact that the United States m about 95 per cent self-sustained, consuming mostly goods produced at home, is advanced by inflationists as proof that there must be a stimulation, an expansion. of money at home to arrest the tobogganing dollar. There is another kind of “inflation”—the inflation which accompanied the prosperity of this country—high wages and big profits—during the World war. This is a government bond inflation, coupled with an assured demand for goods. One such plan to finance economic recovery with government bonds will be stated next, in the final article of this series.

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Let’s Explore Your Mine

BY DR. ALBERT EDWARD WIGGAM, D Sc.

P|/f ; & _ IP A WOMAN 16 NOT CROUD ' L -' ft- TO BE SEEN WITH A MAN WITH f \ WHOM SHE THINKS SHE 16 IN LOVt ( vjfilL 16 6HE REALLV IN LOVE^

1. No. A baby born with a high susceptibility to tuberculosis in a damp climate, if removed to a dry climate, might never dis-

HOW TO MAKE PEOPLE LIKE YOU A distinguished psychologist has created a method by which you can analyze yourself. It will indicate desirable changes in your social habits which should be very helpful in increasing your popularity with others. This information is yours upon request accompanied by a self-addressed stamped envelope. Write Dr. Albert E. Wiggam in care of this newspaper. Just ask for “Popularity.”

cover it had “inherited” this characteristic. Heredity means chiefly that certain characteristics will develop if the “expected environment” is provided. A seed has hundreds of characteristics within it, but without the expected heat, light and moisture they will not develop. So with ail human characteristics, whether good or bad.

Dr. Wiggam will he glad to answer qnestions dealing with problems of conduct, morals, beliefs, husband and wife, parent and child—any question in the field of human relationships. Questions of general interest will be answered in this department. If personal reply Is desired enclose stamped, <3c) self-addressed envelope. Address Dr. Wiggam in care of The Indianapolis Times.

Renewed Foreign Trade Is Seen Hull’s Chief Interest

Economic Internationalism Likely Main Aim as State Secretary. By Scripps-Hotcard, Xcwspapcr Alliance WASHINGTON, Feb. 9. The senate record of Senator Cordell Hull of Tennessee indicates that if he becomes state secretary he is likely to concentrate on economic internationalism with the idea of stimulating foreign trade by reduc- ! ing tariffs over the world. On domestic issues he has some- \ times voted with the Progressives, sometimes with the conservatives. Outside of tariff and taxes, Hull first as representative and later as senator has discussed virtually nothing on the floors of congress during the last decade. His senate voting record shows him aligned with the Progressives on some of the important votes of the last twelve months. But he voted against the Couzens -1 jposal for reimposing the wartime income surtax rates and against the La Follette-Costigan relief bill of last sp.Mng In the house, Hull voted against one government-c’peration Muscle Shoals bill in 1928. but in 1931 he voted for a second one. He voted for the Jones “five and ten” prohibition law, and against the Bingham beer amendment, and at the Democratic national convention last year opposed the straightout repeal proposal which was adopted. On the other hand, he -was author of the original income tax law, and he voted against the 1932 tax bill which transferred the 3 per cent electricity tax from power companies to consumers. He opposed the sales tax. He opposed the cash bonus bill, and in the house he voted to abolish lame duck sessions. He voted for the Hoover moratorium. but did not speak on it, and similarly was silent but in favor of the Philippine independence bill. During the whole of last session COLLECTOR DROPS DEAD End Comes to Hans C. Hansen as He Makes Rounds. While making his rounds as a collector for the Indianapolis Power and Light Company, Hans C. HanI sen, 703 Weghorst street, dropped dead Wednesday in the Willis fish market at 238 Massachusetts avei nue. Dr. E. R. Wilson, deputy coroner, who investigated, said that Hansen died of heart trouble. Russia's famous market city of Nizhni Novgorod has been renamed Maxim Gorki.

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2. Yes, provided they have learned to speak the same language and are not too w-idely separated in social customs, education and views of life. Love will bridge pretty wide gaps, but jarring manners and personal habits put a hard strain upon it. The chief things that matter are not nationality, but common culture, similar personal habits, family and social customs and religious views that are not too antagonistic. The cross-marriage has no bad inherited effects on the children. 3. No. While she may be attracted to him personally, there is some barrier of bad manners, or social training, or dress or education that offends her good taste and judgment and makes her secretly ashamed of him. She even may have a motherly desire to “make him over,” but wifely efforts to make men over are not often a howling success. Sometimes they do work wonders with poor material, but to apply a Chinese proverb, they usually are “trying to comb the hair on an iron donkey.”

he spoke on the following subjects: Depreciated currencies, economic situation, decreases in appropriations, revenue and finance, the tax bill, the tariff, the three-way farm plan, and unemployment relief. His most ambitious effort was a tax bill amendment to prevent any tariff increases for two yeairs—a moratorium project which he advanced as a breathing spell to a world dizzy with increasing customs duties.

Do this for P TWO WEEKS How to rid any boy or girl of sluggishness or constipation and build a big appetite. The trouble with children who will not §|||S| eat is usually stasis. The symptoms are I * a tongue that's always coated, bad felw? f breath, poor color, dull eyes that are dp!* often a bilious yellow. No appetite, no i '$ ambition —even for play. Hard to get to sleep, hard to wake in the morning. H* . There’s an absolute remedy for this 0 \ condition. It gives listless youngsters the ' appetite and energies of a young animal! ||| \ They eat! They gainl They keep well! SI I The California Treatment conquers Slugsishness HH||. | SBil ft i It’s not the stomach, but the bow-el 1 condition that keeps children from eatiJtsjmT \ I ing. But the trouble is in the lower bowel |lpy i —the colon. California syrup of figs is IIIIIS | the only “medicine” that is needed to : "Tft % 1 stimulate the colon muscles. The very 1 | next day, your child is eating better | , and feeling better. Keen on "with the ; % k • syrup of figs a few days and you will see ”m amazing improvement in appetite, H color, weight and spirits. , Any drugstore has the real California If syrup of figs, all bottled, with directions. n|i| | Nature never made a nicer acting or |B|g|| j; nicer tasting laxative. (It is purely vegetable.) Remember California syrup HHL of figs when sickness, a cold or any upset ft i has "clogged a child’s bowels. L / WARNING Even when it's something to give, children, Bpi;:-- ~. ;i Jj|w some stores will try to substitute. x .. _ So be sure the bottle says ; CALIFORNIA Syrup of Figs.

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Till! INDIANAPOLIS TIMES

m GOVERNOR GREAT POWER IN COLORADO Complete Reorganization Is Planned for Economy in Government. By Scripps-Hotrard Xctcspaper Alliance DENVER, Feb. 9.—Having vested the Governor with the greatest authority ever bestowed on a state official, the Colorado legislature is moving rapidly ahead with plans for a complete reorganization of state governmental machinery. Economy and centralization of both authority and responsibility. are the major objectives. Both houses of the legislature are in control of heavy Democratic majorities, and have given immediate favorable reception to the first portions of the administration's program. Leaders are confident this means certain approval of the major points in the remainder of the sweeping plan. Already approved by both houses | and signed by Governor Edwin C. Johnson is a drastic measure giving | the Governor authority to suspend j for three months during a financial ; emergency any board, bureau, com- ; mission or agency of the state government and to renew the suspension from time to time. Slash at Expenses This bill was rushed through to enable Governor Johnson to sw'ing the executive ax in time to avert a j | threatened deficit, of nearly $400,000 I for the present biennial period. With the threat of suspension, Democratic leaders believe the Gov- ; ernor can force boards, bureaus and j commissions to trim their expenses. The first executive action under ! the drastic bill is estimated to have | cut the state expenses approximately SIIO,OOO between now and I July 1. A large part of this was brought about in conference which resulted in acceptance of decreased salaries and departmental expenses. A second step came with aban- ; donment by the legislature of the 1 policy of continuing of statutory apI propriations. Eighteen state func- ; j tions have been carried on under appropriations voted by previous legislatures, and which provided for their automatic renewal each two j years. Reorganization Proposed The present assembly already has repealed virtually all of these, totaling $550,000, so that each successive legislature may exercise direct control over expenditures in these j departments. Activities affected include voca-' tional education, state forester, state chemist, social disease control, state entomologist and bee inspection. The latest bill to come up proposes organization of the entire state governmental machinery under six departments, headed by the elective officers: Governor, auditor, treasurer, secretary of state, attor-ney-general and state superintendent of public instruction. Many of the existing forty-four boards, bureaus and commisions will be consolidated, abolished or reduced if the new alignment is ap- | proved.

a. Today’s jriLilllcltlciCJ F^bruaryQ^ 1773-WilJiam Henry Harrison bom. Later becomes President. ISl4 'Samuel Tilden born. Later does not President. AIR IV = WASHINGTON, 3 - IS7O' Congress authorizes u.s: weather bureau-making it easier to tell which the wind blows.

ASKS $50,000 DAMAGES Planer Charges Permanent Injuries by Gas Fumes at Plant. Earl C. Hiatt, planer, sought $50,000 damages at a jury trial in superior court four Wednesday, alleging he was injured permanently by gas fumes while working at the Republic Cresoting Company, on Tibbs avenue. An employe of the company from 1919 to 1929, Hiatt charges he was forced, during January, 1929, against his will, to work inside the plant where wooden blocks were cresoted. Cresoting fumes and gases, which filled the atmosphere, saturated his body and injured him. Hiatt alleges.

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U. S. RAILWAY ‘ABANDONMENT' PERIL CLAIMED Further Loans by U. S. Might Bring Suspended Service, Senate Told. \ Bp Vnitrd Pres* WASHINGTON. Feb. 9.—Alfred P. Thom, general counsel for the Association of Railway Executives, told a senate banking subcommittee | today that withdrawal of federal aid to the railroads through the Re- ! construction Finance Corporation ! might mean their “'abandonment." j Thom testified at a hearing on I the Couzens resolution prohibiting ! further railroad loans by the corporation. Senator James Couzens (Rep., I Mich.) protested there was no ;m- ---| plication in his resolution of a de- | sire to suspend transportation by j railroads. TWO HURT IN FALLS Broken Leg Suffered by One Victim; Another Has Fractured Arm. Two persons were injured on Wednesday in falls downstairs, and were taken to city hospital bypolice. George Creech incurred a broken left leg when he fell down a stair- : way at 634 East Ohio street. A broken arm and head cuts i were incurred by Mrs. Clara Cropper. visiting at 614 North East street.

ACID STOMACH EASY NOW TO CORRECT Just Do One Thing That's All

According to many authorities, some 80% of the people of today have acid stomach. This because so many foods, comprising the modern diet, are acid forming foods. It usually makes itself felt in sour stomach, indigestion, headaches. nausea, "gas." “biliousness.” and most frequently in stomach pains that come about thirty minutes after eating. So you can easily tell if you have it. AW’ Quickly and Easily Corrected If you do have acid stomach, don’t worry about it. You can correct it in a very simple manner. Just do this. It will alkalize vour acid soaked stomach almost immediately-. You will feel like another person. TAKE —2 teaspoonfuls of Phillips’ Milk of Magnesia with a glass of water every- morning when you get up. Take another teaspoonful thirty- minutes after eating. And another before you g 6 to bed. PHILLIPS’ Milk of Magnesia Neutralizes Food and Tobacco Acids a few minutes after taking.

TRY A WANT AD IN THE TIMES. THEY WILL BRING RESULTS.

_FEB. 9. 1933

What This Does That’s all you do. But you do it regularly, EVERY DAY, so long as you have any symptoms of distress. I’his acts to neutralize the stomach acids that foster your "upset'’ stomach, that invite headaches and that feeling of lassitude and lost energy. Try it. Results will amaze you. Your head will be clear. You'll forget you have a stomach. BI T —be careful that voti get REAL milk of magnesia when you buy; genuine PHILLIPS' Milk of Magnesia. See that the name "Phillips” is stamped clearly on the label.

ALSO IN TABLET FORM.

Phillip*' Milk of M irnesia Tablets are now on sale at drug stores everywhere, bach tiny tablet is the equivalent of a teaspoonful of Genuine Phillips' Milk of Magnesia.

p Fillips zznfll

*vy '’••c* r v. x I"’ Trouble* to Arid 1 b*. \ A '’•PIGt STJON i S-OMACM j