Indianapolis Times, Volume 45, Number 125, Indianapolis, Marion County, 4 October 1933 — Page 12
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The Ind ianapolis Times I A SCRIPPS-HOITARD JOCffSPiPFR) ROT W. HOWARD ......... President WALCOTT POWELL Editor EARL D. BAKER ...... Buslnesg Manager Phor.e— Riley SMI
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Member of United Pres*, Alliance, Newspaper Enterprise Asaociatiun. Newspaper Information Service and Audit Bureau of Circulations. Owned and published dally (except Sunday 1 by The Indianapolis Tim a .’uhlithlu g Cos.. 214-220 West Maryland street. Indianapolis. Ind, Price In Marion county. 2 cents a copy: elsewhere. .3 cents—delivered by carrier, 12 cent* a week. Mail subscription rates in Indiana. S3 a year; outside of Indiana, 65 cents a month.
IH'PM How AjtO
v Glt U'jht and the People mil Find fheir Ovrn Way
WEDNESDAY. OCT. 4. 1933.
SEVEN MONTHS 'T'HE New Deal is seven months old today. Much has been done to piece together the shattered fragments of our social, industrial and financial orders. Whether the rivets Xwill hold and the structure will stand, is yet to 'be seen. But tremendous and effective action lias been taken by the Roosevelt administration. • Let s look at the record: The NRA has set America on the road a planned economy. It has coded thirty industries, reduced hours, increased minimum wages and outlawed many unfair practices. Partly as a result of this revolutionary law 2,800.000 men have been put back to work, buying power at the rate of $3,720,000,000 a year is being restored, and 100.000 Children under 18 have been freed from wage labor. A serious effort is being made to prevent profiteering. Whatever ensues, it is safe to say the United States never again will return to the jungleways of ruthless competition. The agricultural adjustment act and other Influences are responsible for an increase of $1,217,000,000 in the farmers’ gross Income. Mortgage relief slowly is being extended to home owners of farm and city. The public works administration has allotted $1,653,591,410 out of its $3,300,000,000 work relief fund. That only $70,000,000 has been disbursed is due largely to the failure of localities to take advantage of the government’s aid. The Reconstruction Finance Corporation has loaned more than $2,000,000,000 and is setting about to buy preferred stock of banks and reopen as many closed banks as possible. It is preparing to loan upward of $1,000,000,000 to NR A industries, refinancing irrigation districts and insurance companies and otherwise expand public credit. If private capital remains timidly cloistered it is not because the government has lacked in leadership. The emergency relief administration has undertaken to beat the enemy hunger. Out of its $500,000,000 war chest it has granted $176,000,000 to the states. It is purchasing $75,000,000 worth of food surplus to distribute to the poor, organizing transient relief, adult education work for idle teachers. Through the Civilian Conservation Corps, the $25,000,000 subsistence farm fund, Muscle Shoals, the oil, timber, coal and other codes . a real conservation movement has been set afoot. ' Our current finances are improved. Aside from emergency debts the normal budget shows a deficit of only $212,966,650, as against three times that a year ago. Customs, tax and postal receipts are climbing. Prohibition repeal and beer revenue will add to our revenues. In our foreign relations, aside from the failure of the London conference, we have improved our standing. We are mioving toward Russian recognition and greater league participation. Our face is turned toward the other Americas, and, in spite of the unstable dollar, our export trade is better. A good deal has been done in seven months and the basis laid for much more to be done in the months to come. NEARER THE LIGHT 'T''HAT there is In America a certain amount 5 of disillusionment about the NRA program can not be denied. The scheme hasn't the millennium overnight. It hasn’t restored prosperity as fast as some of us dared to hope. It hasn't returned men to work at sr*** rate we would like to see them returning. Nevertheless, It is worth remembering that Its accomplishments are very genuine and very much worth while. President Green of the F. of L. points out, for example, that there „has been a 20 per cent reduction in unemployment since March. In August fully 815,000 ; Wage earners retm-ned to work; the indications - are that the first part of September will show an even better percentage of Improvement, v In other words. If we aren’t out of the v woods yet we are a whole lot nearer the edge than we were before. It's too bad that unem- ; ployment hasn't been reduced by more than one-fifth; on the other hand, it is exceedingly fine that even that much of a reduction has been made. r RUSSIA AND THE NEW ORDER 1 A FTER nearly sixteen years of successful s**- maintenance of power in the face of every difficulty at home and abroad, writers are less glib in predicting the imminent downfall of the new Russian state. They tend to remain satisfied with a serious study of what lis going on or to content themselves with flank attacks upon details of Russian policy and practice. Dr. Florinsky has written a very Interesting book on Soviet Russia. "World Revolution and the U. S. S. R.." which is devoted to the conflict between theory and practice in that country. On the one hand, we have the inflexible theory of the dogmatic Communists t.which takes little account of practical affairs ;and insists upon producing general world revolution. On the other hand, there stands the -practical necessity of facing existing economic land political conditions, insuring survival, and Jiving in contact with other states. £ Dr. Florinsky traces the gradual triumph of .expediency and practical considerations over .Orthodox theory. Marxian dogmas constantly stave been adapted to changing conditions and the early drive for a world revolution has been -Jargely abandoned in the effort to secure a r*live and let live” policy in international relations. The book is written with a surprising of tone and spirit when one re-
members that the author is decidedly of the anti-Bolshevik school. If Dr. Florinsky Is an anti-Bolshevik who gradually has come to see a good deal of excellence in the Russian experiment, Will Durant is a person formerly highly enthusiastic about Bolshevik Russia who has been shocked Into marked hostility as a result of a visit to that country. For all of Mr. Durant's radicalism, he is distinctly a sensitive soul and a libertarian. Such a person is very likely to be repelled by what now is going on in Russia with its effort to force millions into anew way of life. If one must assume that Russia, a quarter of a century hence, would be much as it is today, Dr. Durant's indictment would be overwhelming. It loses a good dea l of its force when one recalls that the Russia of today is very much a Russian transition, utilizing methods which even Communist leaders regard as highly temporary and forced upon them by harsh reality. It is admitted pretty generally by both friend:; and foes of Soviet Russia that the new regime finds its main support in the younger generation. The elders may be clubbed or cajoled into line, but the wild enthusiasm for the new system resides mainly in the youth of the land. Therefore, we may welcome Herr Menhart's very clear, interesting and comprehensive study of every aspect of life among the Russian youth of today. Anybody who thinks that it ever will be possible to go back to the old order in Russia should read this volume. Russian youth is, culturally, as far removed from the era of the czars as English youth is from the age of William the Conqueror. The greatest strain that the Russian government has experienced since the foreign intervention in 1919 and 1920. has been the growing threat of war with Japan and the Far East. Such letting down as there has been at home in the resolute march toward the Communist ideal has been produced by the necessity of taking into account the possibility of an armed conflict with Japan. A large detachment of soldiers must be kept on the eastern front and transportation lines to that area repaired, improved and extended. This has taken time, energy, and money sadly needed for internal economic development. Dr. Price gives a clear and concise summary of the diplomatic negotiations and treaties which form the background of RussoJapanese disputes in the Far East today. l£ is a timely and helpful little volume. One of the major reasons now brought forth in favor of the recognition of Russia by the United States is the fact that we need a strong ally to checkmate the aggressive Japanese policy in the Pacific and eastern Asia. Professor Patterson has edited a very interesting symposium treating the various aspects of American relations with the Far East. The volume offers plenty of evidence to support the thesis that we are likely to become involved in serious conflicts with Japanese policy unless there is a strong power in the Far East to help hold in leash the aggressive island empire. No single act could do more in the way of safeguarding us against a possible bloody war in the Pacific than to recognize Russia and give her all reasonable support in maintaining her rights as against Japanese infringement.
BLOW AT CRIMINALS VIT'HENEVER you take up the problem of * crime and its prevention, you are pretty likely to find yourself talking about the lawyers before you get through. Attorney-General Cummings’ announcement that the department of justice is preparing to open fire on lawyers suspected of underworld connection should not be surprising. That there are lawyers who work hand in glove with notorious crooks is perfectly obvious—as. likewise, is the fact that the crooks can’t be curbed effectively until something is done to the lawyers. "One of the most important elements of predatory crime,'’ says the attorney-genera], “is the manner in which some members of the bar co-operate with the underworld.” Any man accused of crime, no matter how black his reputation, is entitled to the best legal defense he can get when he gets into court. That much goes without saying. But what the attorney-general is talking about is the lawyer who advises the gangster on how to commit and cover up crimes, who helps him slip out of the law’s grip when he gets caught, uses trickery to guide him safoly through the courts, and in general steps over the ethical borderline in looking after his' interests. There are lots of lawyers like that. Every one who has had anything to do with the criminal courts knows it perfectly well. So far the various bar associations cf the country seem to have been either unwilling or unable to do anything very effective about putting such lawyers out cf practice. As an emergency measure, action by the federal government would be a very good thing. Uncle Sam has taken on a lot of unfamiliar jobs thus year; if he wants to tackle the racketeers of the legal profession, now, we can do nothing but wish him lots of luck. But in the long run the job is up to the legal profession itself. A much finer sense of the necessity of living up to the profession's ethical standards, a finer sense of the lawyer's responsibility to society as well as to the client who happens to be paying him, a passion for justice and a recognition of the fact that a lawyer can soil his hands by handling the wrong kind of business—these are things we must have if the house cleaning is really to be effective.
COMMENDABLE WEAKNESS A COLLEGE professor and a high school teacher have made a study of eleven leading history textbooks used in our schools. They find that there is not as much space as formerly devoted to our wars. They particularly stress the slight space given to the World war. One book, for example, gives only 3.187 words to the World war and Paris is the only city mentioned by all eleven of the books in connection with the World war. In two of the books the name of Foch was omitted —and so on. Such news may disturb obsessed exponents of the military cult, but. it will not disquiet the souls of sensible people who recognize in war the major scourge of the race today. If nationalism and militarism are subsiding in the schools of our country it is cause for great satisfaction. They are not on the decline in most other respects of American life. How that the world has gone on a rampage
of economic and political nationalism the schools have greater reason than ever for maintaining some balance. We hardly can expect them to carry on any active propaganda against war, but they certainly should teach the facts and create a sensible perspective on world affairs. There is much alarm expressed lest a tariff revival, Increased armaments and the isolationist policies of governments will promote war, but dangerous as these may be, the teaching of narrow nationalism and superpatriotism in the schools of today is far more menacing to the peace of the world. Nothing begets bellicosity more surely than the notion that a particular nation is unique as to virtue and strength and that its neighbors are inferior and contemptible weaklings. As Dr. Jonathan French Scott showed conclusively in his “Patriots in the Making,” patriotic instruction in history and geography was bad enough before the World war. But it has become much worse since the great conflict. This fact Dr. Scott made very clear in his later volume, "The Menace of Nationalism in Education.” In France every effort is made to develop in the minds of the student an exalted opinion of his country. This is achieved in part by ignoring the history and geography of other countries and in part by extolling the past and present of France. In presenting such controversial issues as the Hundred Years war, the Napoleonic wars, the Franco-Prussian war and the World war, France is portrayed as being invariably on the side of right and justice. She has always been attacked and invaded and has inevitably defeated and repelled her assailants. In Germany an equally ardent patriotism is instilled, though not accompanied by the invincible provincialism of the French instruction. The growth of Prussia and the unification of Germany is an epic in itself. In regard to the Franco-Prussian and the World wars, the German instruction is frankly patriotic, and it is only an accident that it happens to accord a little better with the truth than the French version. Now that Hitler has assumed control, German education is becoming more intolerably patriotic than French. The old Teutonic sagas are being revived. Race myths are instilled. Anti-Semitism is taught and practiced. Hatred of the enemies who made and enforced the Treaty of Versailles is consciously inculcated. Everything is perfectly set up to create millions of arrogant little goose-steppers. In English schools nationalism and patriotism are advanced mainly through a subtle and all-pervasive inculcation of the supremacy of British culture. There is little effort to create hostility toward England’s neighbors. Consequently, with the exception of the World war - England's former enemies get fairer treatment in the school books than the enemies of France and Germany receive in the French and German texts. At the same time, nowhere else is there such sublime self-assur-ance as to cultural supremacy and a mission to dominate the world. Our own school textbooks have achieved in recent years a unique degree of fairness in dealing with our history and our relations with our neighbors. Indeed, the American Legion felt it necessary to get out a special American history textbook in order properly to instil patriotic principles. Yet we need to be eternally vigilant. As Dr. Bessie L. Pierce fully revealed in her Public Opinion and the Teaching of History” and her "Citizens’ Organizations and the Civic Tiaming of Youth, we have a multiplicity of organizations lying in wait to grab off our schools as agencies of patriotic and class propaganda. Winners had to pay at a recent bridge party. Taking a cue from the World war.
M.E.TracySays:
TPHERE is a limit to local taxation because, if driven to it, people can move. That is what the Stock Exchange threatened, and it succeeded. The New York City administration and its counselor, Mr. Untermeyer, will look for other ways to feed the kitty, but they can not erase the red mark of a stupid blunder. The reiterated warning that municipalities must economize is not academic. It comes from a pressure that taxpayers can not endure. The success of our various recovery plans is not sufficient to relieve the necessity for retrenchment by towns, cities and states. Some of these plans involve higher federal taxes, which means an excessive burden if local taxes are not reduced. Even if this were not so, local taxes should be reduced to liberate capital for buying power and private enterprise. The redistribution of income as between the cost of government and the cost of living should be recognized as an essential factor of recovery. At present, about one-third of the nation’s income goes for taxes. Five years ago the proportion was about one-sixth. tt a a WHEN President Roosevelt took office, he promised to cut operating expenses of the federal government 25 per cent. He realized that such drastic reduction was necessary to make adequate funds available for his national recovery program. An even greater cut was desirable on the part of local governments. Some of them have made it, but others have not. Others have proceeded on the theory that the federal government would pull them through, regardless. New York City furnishes the most vivid example of this philosophy. Like the Walker administration before it. the O'Brien administration has made no serious effort to curtail expenses. It has been vastly more concerned with maintaining a political machine than with lightening the taxpayers’ load. When threatened with default, it asked the legislature for permission to make special levies on water, taxicab fares, stock transfers and the insurance business, which the legislature reluctantly gave. The big idea was to keep political henchmen on the city’s pay roll at all costs, to safeguard Tammany for the coming campaign. tt tt tt LOOKING back over the past, those in authority appear to have assumed that the people t of New York could be relied upon to react with their usual dumbness. They made no allowance for the law of relativity, for the last straw that breaks the camel's back. Lacking an organization through which to express themselves the water consumers and taxicab riders took the dose until such time as they could go to the polls. Not so the Stock Exchange. It was blessed with a management and system of discipline which enabled it to act quickly and forcefully. It merely organized its membership into a new body, with seats at SI,OOO per, leased a building across the Hudson, and prepared to start business in New’ Jersey. That not. only spoiled New York City's tax scheme, but threatened the state with an enormous loss of business and revenue. A series of hastily called conferences appears to have ironed out the difficulty, with the city backing down and the Stock Exchange staying at home, but the mistake remains to be judged next November,
THE INDIANAPOLIS TIMES
(Times readers are invited to express their views in these columns. Make your letters short, so all can have a chance. Limit them to 250 words or less.)
Bv Norman Ellis. Re the facetiously-tinged offering of one Kelly in your message center last night. Your young and inexperienced editor, no doubt, is weeping softly to himself, come at last to realize he is but a sophomoric youth and henceforth should submit his juvenile editorials to the all-wise, omniscient gaze of venerated master spirits of the age, the wise men of Indianapolis, like Mr. Kelly, for instance. If my memory serves me correctly, Joe Kelly has suckled long for favors at the hands of our ultra-ultra-con-servative newspapers. Perhaps I am in error—and if so, ' I apologize humbly—but Mr. Kelly strikes me somewhat of the dear, beloved Chamber of Commerce ilk. Pray, dear editor, do not pat yourself on the back. Your paper, too, has groveled at the feet of the dear, beloved Chamber time and time again. The other day you stepped out for yourself. And it seems to me that that rugged, care-worn, horny-handed son of honest toil, John Kinghan himself, admitted that the sickening odor was too much to stomach, and ordered new- equipment—or perhaps Mr. Kelly hadn’t noticed that. Dear all-wise, omniscient, Magnus Apollo—Mr. Kelly—pray forget your chowderheaded rantings. How would you like to live five blocks away from Kingan’s? Or are you such a good citizen you can stomach anything for the sake of dear, honest, labor. Oh my, my tears. Are you “non compos mentis,” Joseph? By J. E. K. Well, Mr. R. J., thanks for the compliment, but I am not a Republican, nor am Ia Democrat. I did vote for Roosevelt but did not vote the Hoosier Democratic ticket nor am I an ex-service man. lam just an honest working man who can boast of having held eight different situations during the past four years, having lost six months’ work out of all that time. I always have scratched for myself: I do not live and am not employed in the capitol city where the state's printing is now being done, R. J. I am not damning the multigraph. The multigraphs are perfectly O. K. in their place. This machine was made for the same purpose that carbon paper was made for, that is,
SO much concern has been aroused by the records of injuries and disabilities that have occurred in connection with competitive athletics in schools and colleges, that the National Collegiate Athletic Association last year appointed a committee of medical men to study the situation. The result of their study is a handbook just issued under the auspices of Dr. Edgar Fauver of Wesleyan university, Dr. Augustus Thorndike Jr„ of Harvard university and Dr. Joseph E. Raycroft of Princeton university. This book is the first attempt to make available for wide distribution a medical and training program based on years of experience in dealing with competitive athletics. So much attention has been paid to coaching as a means of develop-
IN the strangely prophetic book, ‘•Looking Backward,” which lately has enjoyed a revival, Edward Bellamy, writing in 1887. attempted to foretell what'the world will be like in the year 2.000. The fact that he did not hesitate to attack all the social evils of his day, and that much of his dream is becoming reality, has attracted recent attention to the fantastic tale. With admirable courage, Bellamy grappled with every phase of life. Economic, social, cultural, domestic. He pictures breath-taking changes and Axes a great gull between the old and new eras. But let me invite your attention to a certain paragraph: “It did not appear that anwrvery startling revolution in men's* attire had been
Old Man Noah Had the Right Idea!
EuMr'lu / Wc *AKE some-—- \ V I AT*L£AST T,ON ~
The Message Center
, I wholly disapprove of what you say and will defend to the death your right to say It.— Voltaire -
Program Issued for College Athletes BY DR. MORRIS FISHBEIN =
Auto Deaths By C. Edwards. The Times yesterday said that the auto death toll for this year had reached ninety-six, the total for the entire year of 1932. Is there no answer to this horrible, always-mounting toll? Is there nothing that the police, the autoists and the pedestrians could do to stop these traffic deaths? Certainly in this age of ours there must be some solution to the continual occurrence of these tragedies. Perhaps we have neglected to stress the situation in these years of hard battling to earn our living. Let’s forget some of our personal worries and organize to stop this menace.
to produce more than one typewritten form without wearing out the typewriter. Uncle Sam uses these machines for this purpose. But if Uncle Sam has a least bit important job, it is sent to the public printer where it is done by men who have not secured their jobs by showing partiality to any certain political party, but who have earned their right to the jobs by years of learning and priority, R. J. When the time comes to hire men on this "McNutty” idea of printing, nine chances out. of ten, they will not hire competent multigraph operators, but will hire spineless numbskulls who have licked till their tongues are dry. They will receive so little money that their buying power will not begin to compete with the buying power of these competent, able men who will be thrown out of work. As for reducing taxes any, I think you are all wet. It looks as if I am going to have to pay more taxes from now on than I did in the good old days when McCray and Jackson were in the limelight, for all the taxes I paid then were income taxes to Uncle Sam and I do love to pay income taxes to the U. S., for I know that I am making a fairly good living, R. J. Multigraph paper stock is not being given away and costs -> good deal more than good bond paper. There are also rumors that the paper is being bought outside the state, R. J. The convicts at Michigan City
Editor Journal of the American Medical Association and of Hygeia, the Health Magazine.
ing winning teams that the health aspects of training have been largely overlooked. The real objective of athletics is to provide opportunity to secure sound development of the body, and the stimulus of competitive athletics with a minimum of risk and harm. Improper sanitary conditions in training quarters and equipment frequently give rise to boils and skin infections. Abrasions and infected wounds, and injuries to bones and joints sometimes lead to disabilities that last throughout life, although they may not seem at the time to be imporrant. The committee of the National Collegiate Athletic Association sets forth six requirements in their
A Woman’s Viewpoint BY MRS. WALTER FERGUSON ■
among the great changes my host spoke of, for, barring a few details, my new habiliments did not puzzle me at all.” Endowed as he was with a superior imagination, a gift of foresight. and a keen sense of social justice, Mr. Bellamy still was not able to conceive or describe any changes in the clothing of men during a period covering 113 years. a a a nUT we shall not criticise him for that. He evidently shared the average man's timidity about alterj ing the style of his coat, or perhaps Bostonian inhibitions went too deep on that point. The fact is that men do not seem ' able to understand what a powerful
evidently heard of the plan to put them to work, as they have started leaving. So you see>, R. J., a weak mind can not stand the printing game. R. J. Time will tell who the numbskull is, R. J. I am expecting an early reply, R. J. By G. P. Andrews. In your issue of Sept. 29 on the first page there is a picture of Herbert E. Wilson, prosecutor of Marion county, and in the column to the right of this picture he is making a great fuss because he is unable to obtain the custody of one John Dillinger. After the lazy years that we have gone through and Mr. Wilson's tactics toward the closed banks of Marion county one is reminded of the story we have heard of the depositor who went to the bank to draw his money and when he found he could get it he did not want it. From Mr. Wilson’s past actions one can imagine how he rejoiced when he found that he would not have to try Mr. Dillinger, but that he would have an opportunity to make the people believe that he was very anxious to do so. If Mr. Wilson had a genuine desire to enforce the laws of Indiana pertaining to banks, there would be no question in any fair-minded person's mind but that we would have had fewer bank failures iln Indiana. He likes to set up the plea that unless an official of a bank accepts deposits when he knows the bank is insolvent, there is no way of prosecuting the officials of the bank. I told Mr. Wilson that the vice-president and treasurer of a local bank accepted my deposits for over a period of nearly seven years, which completely repudiates his argument, and, in answer to this, he said he would not be stampeded into anything. I can not understand why there is such a fuss about a man stealing a sack of flour or a bushel of potatoes, or even sticking up a bank, when the banks have been robbed of hundreds of thousands of dollars from the inside which has caused more misery and probably more deaths than all the stickups we have had. Os course, we all realize that any banker has plenty of money to hire attorneys, while the little flour, potato and holdup thieves would have to hire an attorney of very little importance or 'accept one appointed by the county.
plan for suitable attention to medical care: 1. There must be adequate examinations of candidates for all athletic squads. 2. The kind and amount of preseason training must be controlled. 3. There must be wise planning of the diet and training programs during the season. 4. There constantly should be available medical supervision for members of athletic squads while on the field. 5. The injuries common to each sport must be determined and methods for protection devised. 6. There must be arrangements for suitable treatment of illness and injuries which occur during the season, and arrangements also for proper convalescences from injuries and illness.
j influence clothes have upon the i ! mind. It may be that some unkind 1 fate has decreed that the male shall go forever swathed in uncomfortable collars and tight hampering nether garments, and then again, it may be that he is merely stupid on this particular subject. We may safely say, however, that | the art of dressing is truly a feminine gift. A woman might not be capable of writing a book such as “Looking Backward,” but, if she did, you may be sure she would not leave to the reader's imagination such an important item as the manner in which her perfect race went clothed. I The first thing she would visualize in any “brave, new world” would-be women's gowns and fashions in mfculine attire.
OCT. 4, 1933
It Seems to Me “BY HEYWOOD BROUNis
TATEW Y'ORK, Oct. 4—l think there are a good many things to be said for inflation and much against, but in any case it seems to me vital that a decision should be made immediately as to whether we will or we won't. If there is to b’ inflation, then let it be done quickly and in as definite terms ns possible. Perhaps it is not within the power of an 1 individual to say. "Here is the prei cis? point at which we are going to peg the dollar as a purchasing unit in relation to the key commodities.'' But at the very least some approximate ledger may be selected upon which we may expect to perch for a reasonable length of time. Some of the economists and moulders of public thought have warned us against ‘ plunging” into inflation. I think it would be far more sensible to plunge than to edge in one toe at a time. If there is some tonic quality in cheaper money it can operate only for those nations which have the nerve to shout. Here we go. boys!” and leap forthwith from the springboard. a m a Make Up Your Mind UNDER the situation which obtains today Uncle Samuel has become a bank walker. His clothes are hung upon the hickory limb for all the world to see, but nobody knows for certain whether he is going to wet his hair or get dressed and go on home. The legislative device by which the President was authorized to make the decision to inflate or not to inflate was not such a happy idea as its advocates supposed. It has left the whole subject up in the air, which is a bad spot for any para,chuteless economic system. It is a great pity that both sides in the currency controversy have talked such much nonsense. The notion that everybody immediately becomes twice as rich the minute twice as much money is printed is too childish to be worth any adult’s attention. And yet it is this very belief which animates the enthusiasm of millions of inflationists. On the other hand, the sound money boys have said many things just as silly. The phrase itself is offensively untrue in its implications. , There is nothing essentially sound about a deflated dollar. Indeed the reverse is true. A twentycent dollar is just as honest as a $1.39 dollar. But I think it might be helpful all around to have some inkling in advance as to just where the purchasing unit is going to light. You can’t quite blame the mass spectators from becoming a little nervous when they see the dollar doing spins and loops and side-slips.
Problem of an Artist A NEWSPAPER artist of my acquantance was asked to sign a contract to take effect a little more than a year hence. He talked to me about ij. “They want to know,” he told me, “how much I want.” “I mean, of course,” he added ruefully, "how much in reason. But how can I tell? I don't want money at all. I want black shoes with white tops, cream of asapargus soup, gin rickeys and the other necessities of life. But I don’t know just how to get that into a contract. I mean, it would have to read. ‘Raymond Roe agrees to give Thomas Doe in return for his excruciating comic strip seven blue plate lunches a week, seven table d’hote dinners, five mild sprees a fortnight and one big binge a month.’ (I never eat much breakfast, anyway.) But it isn’t going to be very convenient when I send down for my salary on Saturday to have it come a tray and in a couple of wine buckets.” a a a Suggestion Goes Wrong YOU could,” I suggested, "make some arrangement to be paid in a commodity dollar. I mean, you might tell the man, ‘Forget about the money. In return for my not so very hot strip I want to get each week two hundred bushels of wheat, forty-five pounds of copper and a thousand gallons of gasoline.’ ” "With a little mustard on the side,” said my friend. “No, John Stuart Mill,” he added fusing my nickname), “nothing like that would work. Where could I put a hundred bushels of wheat? I’m already using the tub as a paint mixer. No, I guess the answer is that I won’t sign any contract. I wouldn't care if I got paid in greenbacks, scrip or wampum just so long as I had some idea what I could get for it. Until I know I'm going to wait.” And as I look about I gather the impression that many millions of others are also waiting. They are curious to know. (Copyright. 1933. bv The Times)
Vision
BY r HARRIET SCOTT OLINICK The temple is opal and pale amethyst. Pale gold is the light on the marble floor. The hangings are ochre and deep crimson pressed; The entrance is barred by a carved ivory door. The windows are fashioned of crushed metal lace, Guarded by dragons with Jade green eyes. A mauve-pink silence envelops the place, Except for one lone red parakeet’s cries. And if you should ask me where, and why, I could but answer you In this wise. Love beauty so much you would willingly die! Look for more than you see with your eyes!
Daily Thought
judgeth the righteous, and J God is angry w r ith the wicked every day.—Psalms, 7:11. Wickedness resides in the very hesitation about an act, even though it be not perpetrated.— Cicera
