Indianapolis Times, Volume 45, Number 14, Indianapolis, Marion County, 27 May 1933 Edition 02 — Page 2

PAGE 2

INCREASED BUYING POWER OF WORKERS IS PRIMARY AIM OF RECOVERY BILL Fattening of Pay Envelopes and at Same Time Building Up of Industries That Provide Them Will Be Attempted. BV RUTH FINNEY. Tim.* Special Writer WASHINGTON. May 27.—During the last three years the American people have told each other over and over, with growing emphasis, that some way must be found to increase the purchasing power of workers—and have proceeded to do nothing about it because they didn't know what to do. The national recovery act before congress is primarily an attempt to meet this need with a practical, well-thought-out plan for fattening worker pay-envelopes, and. at the same time, for strengthening instead ol destroying the industries that provide them. The men who drew the national recovery act after weeks of work succeeded in evolving a magna charta for labor, which may revolutionize industrial history. The recovery act provides, as the

price of permitting employers to stabilize their industries through trade agreements, that labor shall have the right to organize and bargain collectively, and that whether it takes advantage of this right or not, it shall be paid a decent living wage for a work week short enough to give every one a chance at a job. Turn to Farm Bill It proposes to do for the worker in the cotton mill, the shoe factory, the steel mill, the cannery, exactly what thp farm bill is to do for the farmer —in fact, the farm hill and the industrial recovery bill are considered by the administration as twin halves of a complete program for bringing back good times. The farm bill will help the farmer by raising food prices. The industrial worker, therefore, must have more money with which to pay the increased price for food. The added money the industrial worker pays for food increases the farmer’s ability to buy factory products, and secures the city worker in his job. When the thirty-hour week-mini-mum wage bill was being discussed before the house labor committee, a stream of employers appeared and testified that they would simply lay off men, in some cases would close down their factories, if labor costs were thus increased, even though like conditions were placed upon their competitors. Codes of Fair Competition. All anticipated that increased use of machinery would continue the deadly competition which had been driving down labor standards for three years. The recovery bill permits employers in each industry to enter into co-operative "codes of fair competition, ’’ agreeing on wage and working hour scales, total production and prices. These codes are to be enforceable by the government just as law's are. President Roosevelt has been impressed deeply with facts showing that if 10 per cent of an industry insists on hammering down labor costs to try to underbid other firms, the best-intentioned employers in the world are forced to adopt low r er scales or to close their plants. Employer agreements, even though they stabilized employment, would be a serious menace to workers if they were not accompanied with safeguards. The national recovery act goes so far in providing these safeguards that it actually advances the position of labor beyond anything it has known in the past. Employes Safeguards The act provides that: "Every code of fair competition, agreement and license . . . shall contain the following conditions: “1. Employes shall have the right to organize and bargain collectively through representatives of their own choosing. "2. No employe and no one seeking employment shall be required as a condition of employment to join any organization or refrain from joining a labor organization of his own choosing. 1 "3. Employers shall comply with the maximum hours of labor, minimum rates of pay, and other working conditions approved or prescribed by the President.” In each industry workers and employers will be given a chance to reach mutual agreements suitable for those industries as to working hours and rates of pay. Administration Important If agreements are reached, the President will review them and if he does not approve the standards fixed will order thpm raised or lowered. If agreements are not reached the President is authorized to investigate labor conditions in the industries affected, and prescribe codes of his own, after public hearings, which shall have the binding effect of law when made final. The effectiveness of these provisions in restoring purchasing power will depend, like all others, upon the quality of administration. But the act. as it is written, gives broad power to be used in behalf of workers, and guarantees the safeguard of collective bargaining if administration should prove disappointing in other respects. PASTOR TO GIVE TALK 172 Crispus Attuoks Graduates to Hear Address. The Rev. M A. Talley, pastor of the Ml. Zion Baptist church, will deliver the baccalaureate sermon for the 172 graduates of Crispus Attacks high school, during vesper services in the school auditorium at 4 Sunday. Parents and friends of the graduates. following the services, will be conducted by the Big Sisters and Messengers, student organizations of the school, on a tour of inspection. TWO INJURED IN CRASH Severe Internal Hurts Suffered by Pair in Collision. Severe internal injuries were incurred by two persons today in a collsion of automobiles at Massachusetts avenue and Sherman drive. The injured are Miss Vera Troutman. 4007 East Thirty-first street, and Louis Brewer, 18. R. R 12. Box 359. driver* of the cars, a brother of Brewpr. Paul, 20, escaped with scratches Miss Troutman s car turned over and the Brewer car came to rest on ips side in the crash.

FOREST ARMY COMESTO FORT Begin Work of Rehabilitation of Wooded Areas at Army Post. The forest army is the city’s backdoor. Company 517 of the Civilian Conservation Corps, composed of Indianapolis youths, as well as those from other sectors of the state, is encamped at Ft. Benjamin Harrison. The company arrived Friday afternoon from Camp Knox and three weeks of training. Today they began work in the rehabilitation of the army’s reservation wooded areas. Two squads of Negroes are included in the 197 men in the company, commanded by Captain William S. Evans. Establishment of the camp area at the fort and training in forestry by Alfred Oliver, graduate forestr, was begun today. Reserve officers on duty with the company are: Captain Edgar A. Schug and Lieutenant John Kovenez Jr. of Ft. Wayne, and Lieutenant Y. E. Snider of Washington.

EN-AV-ANT CLUB TO GIVE SPEEDWAY DANCE First Fete of Season to Be Given at K. of C. Auditorium. Dance on the eve of the Speedway race, first of the season by the En-Av-Ant Club, will be given at the Knights of Columbus auditorium Monday night. Music will be provided by Paul Barker and his

band, featuring Mari Lee, blues singer. John O'Connor, club president, has appointed the following as committee members: William Eich, Edward Feeney. * Lawrence Feltman, Edward Green, Harold Finnegan, Francis McCarthy, Joseph Metzger, William Schantz, Dr. Edwin Mc-

O'Connor

Shay, James Custard, Francis Miller, Joseph Sexton, Urban Renner, Joseph Roseman, Edwin Schrantz, Kenneth Schilling, Clarence Wetzel. Walter Lauer, William Green, Bernard Breinlich, Leo Clouser, Dr. John Parker, Trey Gatti, Robert Monahan and James McGovern. SUES COURT BAILIFF: ASSAULT IS CHARGED SIO.OOO Damages Are Demanded by City Lawyer. Suit for SIO,OOO damages was filed Friday in superior court by Owen D. Thomas, an attorney, against Otto Mays, bailiff in municipal court three, a few hours after Mays is alleged to have struck the attorney. Thomas, who has offices at 1101 People's Bank building, says he was attacked by the bailiff when he sought to interview Dow Baker, who was in the officer's custody. TEN PUPILS HONORED Dinner Is Given for Winners in Scholarship Contest. Dinner was given Friday night at the Indianapolis Athletic Club for ten high school pupils who are winners in the 1933 scholarship competition of the Grain Dealers’ National Mutual Fire Insurance Company of Indianapolis. Oral examinations today completed the examination. Written examinations were held Friday afternoon. The purpose of the scholarship is to interest high school seniors in entering business. It provides first year expenses at any Indiana college having a course in commerce, finance, business administration or economics. REFUSED R. F. C. LOAN Cass County Turned Down by Governor McNutt. Inadequate investigation of poor relief claims, charged in a report by the board of accounts, caused Governor Paul V. McNutt to refuse an R. F. C. loan for Cass county, it was announced today. Examiners found that in Eel township claims were allowed without investigation and such expenditures as tobacco, popcorn and bird seed were listed among items for which poor relief funds were expended. 28 TO GET DIPLOMAS Kindergarten Children to Receive Miniature Awards. Miniature diplomas will be awarded twenty-eight children Wednesday night at the Meridian Heights Presbyterian church, at commencement exercises of the Meridian Heights kindergarten. The children will be dressed in black mortar boards and gowns, and will receive their diplomas from Dr. 8. B. Harry.

YOU JUST CANT DODGE MR. MORGAN

He Has a Finger in Everything Yon Do, Everything You Buy

end there still was The corporations "Hey, Jane, got a lead of this. ~ Central and Consolidated Gas. Mrs. Jane Doe did not trouble I ife- nijll JEwC in the bucket. Mr. Doe. Th to turn her head. "Tell him you H[] ' jjpm* fpgmmn IWSBL I fTI Morgan partners sit on the board distant peevishness. L" ° sO? ‘ ' -r—l 1 porations and they are known t

Morgan partners—Below, left, Henry Sturgis Morgan and George Whitney. Above, left, Henry P. Davison and F. D. Bartlow, BY EARL SPARLING Time* Special Writer NEW YORK, May 27.— " J. P. Morgan? What's my relationship with J. P. Morgan?” Mr. John Doe peered suspiciously at his visitor. It was 6:30 in the morning, and there still was sleep in Mr. Doe's eyes. He stood there bewilderedly for a moment. Then tie grinned and turned his head toward the kitchenet. "Hey, Jane, get a lead of this. This guy w’ants to know w’hat’s my relationship with J. P. Morgan” Mrs. Jane Doe did not trouble to turn her head. "Tell him you are uncles,” she suggested with distant peevishness. "The question is intended seriously,” said the visitor. “What is your relationship with J. P. Morgan?” "Now, listen,” snapped Mr. Doe. “I ain’t got time this hour of morning for any screwy questions. I’m due at work at 7.” "The question is not screwy,” persisted the visitor. “It is sociological” "Soci—what?” echoed Mr. Doe. "Sociological. You have been picked as an average citizen.” The visitor glanced casually about the basement apartment. "You have to burn your lights on a morning like this?” "Sure. We have to burn them most of the time. This is a pretty gloomy hole without lights.” a a tt ‘ , '\7 r OU get your electricity from X the Edison Cos., of course?” "Sure,” said Mr. Doe. “You know any other place to get it?” "A Morgan company,” mused the visitor as if making mental notations. “The New York Edison Cos. is controlled by the Consolidated Gas Cos. George Whitney, a Morgan partner, sits on both boards.” “I begin to catch on,” said Mr. Doe? ‘Hmmm!” "What are you having for breakfast?” asked the visitor. "Hey, Jane,” called Mr. Doe. ‘‘What you fixing for breakfast?” Mrs. Doe came out of the little unventilated kitchenette wiping her face on her sleeve. “What do you think?” she said. "Orange juice.” toast and coffee.” “I ain’t a very heavy eater,” apologized Mr. Doe. "That’s our usual breakfast. A good cup of Chase & Sanborn coffee is all I need to set me up.” “Standard Brands,” mused the visitor. "What?” "Standard Brands. Standard Brands control Chase & Sanborn. Also Fleischman Yeast and Royal Baking Powder and Magic Baking Powder.” "Morgan again?” asked Mr. Doe. ‘'Two Morgan partners sit on the board of Standard Brands.” tt a “T TMMM.” frowned Mr. Doe XTL "The coffee is a clear hit and the yeast, too,” He hesitated. “You see. I been taking a cake of yeast every day for my complexion. The wife, too.” The visitor smiled. “It is passible, so to speak, to eat a Morgan pickle. Standard Brands controls the Widlar Food Products, which distributes olives, pickles, salad dressing, mayonnaise, sauerkraut, condi” . . . “Wait a minute,’’ interrupted Mr. Doe. “I'm getting more and more interested. I'm going to call the office and tell them I'm ill. I’ll go down late.” When Mr. Doe had returned from the pay telephone out in the hall, the visitor smiled and said. "Another nickel for Mr Morgan.” "What do you mean?” Merely that the House of Morgan has an important interest m the American Telephone & Telegraph Cos., which controls thirtyone operating companies, including the New York Telephone Cos., Morgan partners have given up their seats on the A. T. & T. board., "Two of them still sit. however, on the International Telephone & Telegraph Cos. which controls operating companies in Spain, Austria, The Argentine, England, Poland, Chile, Turkey, Germany, China, Japan and a map of other countries.” nun SOME company,” said Mr. Doe, “but I guess it is one that doesn't affect me.” •'Do you ever send telegrams?” inquired the visitor. "The I. T. & T. controls the Postal Telegraph Company.” "Well, I'll be darned,” ejaculated Mr. Doe. “What a muddle. How do they ever keep it straight? Wait a minute till I put my coat on. I want to hear more.”

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THE INDIANAPOLIS TIMES

J. P. Morgan (in center before the House of Morgan) and, left, Thomas W. Lamont and Edward T. Stotesbury, partners. Other partners not shown in this layout are Charles Steele, Thomas Cochran, Arthur M. Anderson, William Ewin, Harold Stanley, Thomas Stilwell Lamont, Thomas Newhall, Edward Hopkinson Jr. and Charles Denston Dickey.

“You have a nice-looking suit there?” observed the visitor. “Is it a Morgan suit?” “Is he in the cloak and suit business, too?” cried Mr. Doe. “Not exactly,” explained the visitor, “but the House of Morgan has an interest in the Associated Dry Goods Corporation, which operates eight department stores including Lord & Taylor’s and James McCrery & Cos., in New York. William Ewing, one of the twenty Morgan partners, is a director both of the Associated and Lord & Taylor’s.” “Well,” said Mr. Doe, “if things keep up the way they’re going I won’t be able to buy a suit or even a necktie from Mr. Morgan. In fact, I’m thinking of buying a mail order suit the next time.” “There is a Morgan partner on the board of Montgomery Ward & C 0.,” smiled the visitor. u n tt WELL, well,” sighed Mr. Doe. “Looks like there are Morgan partners anywhere you turn. Come on‘and I’ll drive you down. You can tell me seme more on the way.” “What kind of a car?” asked the visitor. “A 1925 Chevrolet.” grinned Mr. Doe, “but in rattling good condition.” "When better cars are built,” grinned the visitor in turn, “Mr. Morgan will build them.” “What, even my auto?” “Why, certainly. The House of Morgan has owned half of General Motors ever since W. C. Durant, the founder, was ousted in 1920.

Veterans to Register Here for Forest Army Jobs

Ex-Soidiirs Urged Not to Go to Washington to Enlist. Unemployed World war veterans desiring jobs in the nation's forest army are urged not to go to Washington, D. C., to apply, but to remain at their homes. A radiogram was received by John H. Ale, manager of the regional office of United States veterans’ bureau on Cold Springs road, per-

•DRYS DARE NOT LOSE,’ WARNING OF PASTOR Retention of Prohibition Laws Urged at Meeting Here, Retention of the prohibition laws at the June 6 election was urged by speakers at meetings in Marion county Friday night. Pastors of various churches par- ! ticipated in the dry rallies. "Dry forces dare not lose this fight,” the Rev. William F. Rothenburger, Third Christian church pastor, warned at the Fountain Square Christian church. Earl Crawford, Speaker of the Indiana house of representatives, told voters “to take no chances on return of the open saloon.” He spoke at the Meridian Heights Presbyterian church.

The Strong Old Bank of Indiana The Indiana National Bank of Indianapolis

The Du Pont Corporation owns the other half. Through association with the Du Ponts the House of Morgan is in close touch with a vast array of specialized industries, including cellophane and gunpowder.” “Hmmmm. Even my Chevrolet, hey? I guess the only thing I could do to hurt Mr. Morgan would be to ride the subway." “Not at all,” sighed the visitor. “J. P. Morgan & Cos. has been the financial big brother of the Interborough for years. It was the House of Morgan that floated $170,000,000 of bonds for the Interborough in 1913. It has kept a close finger on the subway situation every since.” tt tt "AAR. DOE was plainly getting groggy, but he remembered in leaving the house to call to Mrs. Doe, who had gone back'to bed, to please see that the radio was repaired during the day. “Aunt Minnie is coming to town to visit us,” he explained. “She loves the radio.” “Your Aunt Minnie shares her appreciation of the radio with some interesting persons,” said the visitor. “Up until recently, when the government forced a change, a large block of the Radio Corporation of America was owned by the General Electric Corporation. “Owen D. Young was president of the Radio Corporation and chairman of General Electric. There still exists what you might call a very friendly feeling between the two corporations.”

mitting his bureau to establish a registration department for veterans desiring to work in the forests. Selections for the forest army, according to the information, will be based on state and local quotas of the civilian conservation corps. “Nothing can be gained by coming to Washington,” the radiogram warns. Ale said registration of the men would begin immediately at the Indiana division of the veterans’ bureau.

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“And Morgan ...” “Oh, Thomas Cochran, one of the twenty Morgan partners, sits on the General Electric board and the corporation keeps its money deposited with the House of Morgan.” “Aunt Minnie . . . “began Mr. Doc. “May arrive in town on a Morgan railroad,” finished the visitor. “Morgan partners used to sit on the board of the New York Central and the New Haven. They still have places on a dozen other roads, including the Santa Fe, the Northern Pacific, the Philadelphia & Reading, the Chicago & Erie, the National Railways of Mexico, the New York & Long Branch, etc. “Also, they have places on the Baldwin Locomotive Corporation board and the boards of the Pullman Company and Pullman, Inc. Also on the board of the American Car and Foundry Corporation.” a a tt “TY EGULAR railroad fellows, ain't they?” muttered Mr. Doe. Mr. Morgan and his partners must be pretty sharp business men.” “You get the idea, Mr. Doe. They’ve got their fingers in nearly anything you could mention. Two professors at Columbia university, Adolf A. Berle, Jr. and Gardiner C. Means, have just published a book called "The Modern Corporation and Private Property.” “In it they list the 200 largest nonbanking corporations in America whose combined assets in January, 1930, totaled $81,000,000,000 or nearly half the corporate wealth of the nation.

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Other Morgan partners—Below, left, Junius Spencer Morgan and Russell C. Leffingwell. Above, left, Horatio Gates Lloyd and S. Parker Gilbert.

“Fifteen of these 200 corporations have more than $1,000,000,000 of assets each. The House of Morgan demonstrably has a working interest in six of these fifteen.” “They get around, don't they,” muttered Mr. Doe. “The six corporations mentioned are General Motors, General Electric, United States Steel, American Telephone and Telegraph, the Commonwealth and Southern Power Corp., the New York Central and Consolidated Gas. “The assets of these six total nearly twelve and a half billion dollars. But that is only a drop in the bucket. Mr. Doe. The Morgan partners sit on the boards of eighteen of the 200 largest corporations and they are known to have fingers in many additional, although the connection is hard to prove.” tt tt tt “VOU nieaen they own that X much money,” muttered Mr. Doe. “Not at all,” said the visitor. “You don’t have to own much stock to be a director of a great corporation. “Take the United States Steel Corporation, which J. P Morgan the elder founded. Professors Berle and Means have shown that in 1927 Mr. Morgan sat on the board by owning only 901 shares of the stock. There was one director on the board—J. S. Phipps—who owned only one share.” Mr. Doe was silent for a long while.- Then he said, “Why, maybe I could get to be a director myself, hey?”

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MAY 27, 1933

M'NUTT'S TAX BILL TACTICS 1 ARE FLAILED Sharp Criticism of Governor Voiced by Merchants’ Group Chief. Sharp criticism of Governor Paul V. McNutt’s tactics in obtaining passage of thp grass income tax law was voiced Friday night by Fred Wiedman, president of the South Bend Merchants' Association, as he spoke at a retail merchants’ organization meeting at the Severin. “Audacious and discourteous treatment" of opponents of the bill when they called also was charged to the Governor by Wiedman. •"The bill will pass the dav it is introduced and you will like it." Wiedman quoted McNutt as saying as the delegation left the offices after being refused permission to study the propasal. Wiedman also recalled public hearing on the bill before the house ways and means committee and charged “an organized minority carried the day because politicians counted more of their noses." He then outlined purpose of the meeting as that of perfecting an organization of retail merchants to

appeal as a unit “in protection of their own interests.” "Marion county in the Fifth and Sixth districts and the Tenth and Eleventh districts are the only ones in which basis organization has not been perfected." Wiedman said. Wiedman also attacked the county road superintendent's office and township unit of government, and said they would have to be eliminated to insure the drastic cuts in governmental expense promises by McNutt. S. B. Walker, chairman of the Marion county executive committee, asserted the most dangerous feature of the 1 per cent tax is that it only is a beginning of the establishment of still higher taxes. “History of the gasoline tax bears out that belief.” walker said. Bert S. Gudd. representing the Indiana Funeral Directors Association, declared 80 per cent of Indiana funeral directors are operating at a loss, and now this additional burden must be met. GALLOWAY JOINS FIRM Member of House Becomes Manager of Sales Force. Fred Galloway, member of the house of representatives from Marion county, has taken a position as manager of the sales force of F. D. Gardner, butcher supplies, 119 East Maryland street, it was announced today.

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