Indianapolis Times, Volume 45, Number 199, Indianapolis, Marion County, 29 December 1933 — Page 14

PAGE 14

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... . / * - * / Girt Light and tht People mil find Their Oxen Wag

FRIDAY, DEC. 29. 1933. THE ROOSEVELT DOCTRINE 'T'HE President's address to the Woodrow Wilson foundation last night was the mast important statement he has made on foreign policy, tl was courageous and frank. Indeed it might have been even more specific concerning the grave danger of war in Europe and in the far east. But foreign governments will have no difficulty in reading between the lines that the United States has no intention of participating in the planning or the fighting of these threatened wars abroad. His denunciation of so-called statesmen abroad who wrote the war-breeding Versailles treaties, who have misused the League of Nations for selfish ends, and who today block world accord on honaggression and disarmament, was just and effective. Asserting that at least 90 per cent of the peoples of the world are ready to go along with the avowed American policy of nonaggression, noninvasion and disarmament by joint agreement, he added: ' Back of the threat to world peace lies the fear and perhaps even the possibility that the other 10 per cent of the people of the world may go along with a leadership which seeks territorial expansion at the expense of neighbors and which under various pleas in avoidance are unwilling to reduce armament or stop rearmament even if everybody else agrees to nonaggression and to arms reduction. “The political leaders of many of these peoples interpose and will interpose argument, excuse, befogging amendment—yes, and even ridicule, but I tell them that the men and women they serve are so far in advance of that type of leadership that we could get a world accord on world peace Immediately if the people of the world spoke for themselves.” In this the President used the Wilson method of appealing in a crisis to the peaceloving peoples of the world over the heads of their blundering or war-mongering governments. The curse of hypocrisy in such an appeal was removed by the President in his confession that our own hands have not been clean in Latin America, and that hereafter we shall not be guilty of armed intervention and imperialism. Even if it becomes a question of police power to protect the peace of this continent, we shall not, as under the past misinterpretation of the Monroe doctrine, take it as our responsibility alone, but as a joint responsibility with others. This is the Roosevelt doctrine: “It is only if and when the failure of orderly processes affects the other nations of the continent that it becomes their concern; and the point to stress is that in such an event it becomes the Joint concern of a whole continent in which we are all neighbors.” Only as we keep our own hands clean of imperialism on this continent dare we condemn the imperialism of Japan, Great Britain, France and Italy, Hitler's German insanity, and the wars now breeding in that foreign selfishness.

TO DISSIPATE THE FOG HT'HE “outstanding” Republican leaders have had a conference on party policies, in Washington, conspicuous among them being Ogden Mills, Senate Republican Leader McNary and Senators Reed and Walcott. It is reported that the conference was much befogged with gloom, owing to the lack of any outstanding issue which the party can proclaim with prospects of winning on it. Come to think about it, what, in the name of private initiative and rugged individualism, coilld the Republican leaders concoct as a national platform of their party at this time? The Democrats seem to be considerably bent on stealing some of the important features of the loved and lost Republican tariff policy. Gold standard and Roosevelt's monkeying with the price of gold? Why. an enormous multitude of western Republicans are cheering Franklin for what he has done and is doing to gold. Prohibition issues? Dead as Caesar’s ghost. Foreign relations? Pauperism. and the Democrats have recognized Russia. Why, there doesn't seem to be a customary, ordinary issue that Republicans can seize by the tail and pull their party out of the hole. True, a Democratic congress bloated with power is likely to commit awful blunders, but even s _ I’cide could not deprive Roosevelt of the poop ’'s confidence in him as thenleader who lea ’ Besides, a party cast down by its own blunder hardly is to be resurrected by the blunders c others. When a party bedfast with stomach tumor,' anemia, w> blood circulation, fatty degeneration of tht -rt, atrophied cerebrum, or such, it is quit costomary to administer some sort of a stin 1 ant. Gentlemen leading the Republican par ”, why not try another . noble experiment in proclaiming for, sincerely. honestly working for the good old-fash-ioned Abe Lincoln policy—government of, by and for the people? Your party nursed on that, at once became strong and fat with political spoils on that, and the people are hotfooted after just that. THE PLEDGE OF PEACE IT isn't always easy to figure out just what is going on at the Pan-American Conference at Montevideo; but in at least one respect Secretary- Hull seems to have paved the way for a better and healthier understanding between the United States and the nations of Latin-America. By giving his government’s pledge that hereafter no Latin-American nation need fear intervention by the United States, Mr. Hull has struck boldly at the greatest oh-

Reduce Those Light Rates! - - A Statement '

'T'HE Indiana consumer last year paid an average of 6 cents for every kilowatt hour of electricity he used. This was a half cent more than the cost of a kilowatt hour to the average user throughout the United States. It was nearly a cent more than the price to the average consumer in the east north central states, of which Indiana is a part. It appeared to The Times that this v.as a wide and Inexplicable discrepancy. Unduly high power and light rates not only place an unfair burden on the householder, but tend to divert business and industry to communities where this essential commodity may be cheaply purchased. Last March The Times employed accountants to make a careful study of all available information concerning the Indianapolis Power and Light Company. It approached the question of the local light company’s rates without prejudice. It simply wanted the facts. Public utilities vary like individuals. Some are good, others are bad. After months of work this newspaper had collected a great mass of evidence. It took this material to Sherman Minton, public counsellor of the public service commission. We made no recommendations to him, merely requesting him to examine it, check it with his own experts and then take any action he felt justified. The Times felt that only in this manner could any charge of unfairness to the Indianapolis Power and Light Company be avoid-

stacle to international friendship and co-op-eration in the new world. Mr. Roosevelt already had promised that this country would be a “good neighbor” to the other new world nations. Secretary Hull's pledge—implying as it does, a far-reaching change in our LatinAmerican policy—is simply a means of putting that promise into practice. SUBSISTENCE FARMING WHEN the administration set aside $25,000,000 to experiment on subsistence farms, it started something the finish of which is a matter for the seventh son of a seventh son. None of the new deal's experiments is more interesting than this one; few of them have more completely unpredictable consequences. The fact that the experiment is beginning to prove enormously popular indicates that we may bump into those consequences a lot sooner than we expect. The idea is to set up colonies of small homes, each surrounded by a garden sufficient to provide its owner with most of his foodstuffs. Occupants of such homes would hold jobs in industry; some would work in coal mines, some in factories, and so on. The jobs would give them their income and the gardens would give them their food; If an industrial slump cut their jobs out from under them, they at least could keep on eating regularly until things picked up again. That’s the program. Now it develops that the government is bemg overwhelmed with a regular flood of demands for subsistence farms. The director of the project already has received applications which, if granted, would run the cost of the experiment up to $4,000,000,000. Letters are coming in at the rate of 1,000 a day. Here is pathetically eloquent testimony to the forgotten man’s fear of insecurity, and also to his dislike of ordinary urban life. Furthermore,* it is a pretty fair indication that there will be plenty of sentiment in congress in favor of extending the scope of the whole project. These applicants are voters; you can depend on it that their congressmen are hearing from them. We are likely, then, to hear more rather than less of the subsistence farm idea in the future. And it is high time for us to figure out just where such program would lead us if it were expanded greatly. Would it—as some critics say—establish an American peasantry? Would it depress industrial wages and cut agriculture’s markets? Would it solidify the population in such way as to diminish the fluidity of labor to a disastrous extent? It might do all those things; it might do none of them. It is up to us to find out. The best way to find out is to try it and see; and that seems to be just what we are going to do—on a larger scale than any of us had expected.

A GREAT 15-CENT BOOK 'T'WENTY years ago a remarkable man 1 wrote a remarkable book. At the time it was written, the book was read widely and the author was known widely. Yet neither of them then had attained the full stature to which they have grown with the passing years. Today the author has become one of the most famous men in America, and one of the most trusted. And the book, which made predictions that were considered drastic and startling twenty year ago, has been fully verified and justified by the events which have taken place during the succeeding years. It has been proven by time. The book is entitled “Other People's Money” and the author is Justice Louis D. Brandeis of the supreme court of the United States. Anew edition of this work—costing only 15 cents—has just been issued. The issuance of a new edition of such an important work, and at such a low price, will serve to introduce Justice Brandeis’ volume to a generation that is largely unfamiliar with it —but a generation which is very familiar with the conditions against which it warned. This new issue of “Other People's Money” is one of the 15-cent volumes which the National Home Library Foundation of Washington, D. C., is publishing in an experiment aimed at introducing good literature to the masses of American citizens. Twelve volumes are available already in what the foundation calls the “Jacket Library.” Recently Indianapolis was selected as one of the cities in which the experiment of distributing them through news stands was to be made. It is expected ultimately that these books, which now include and will continue to present some of the world’s best literature, will be sold as widely as are the most popular magazines. Even grocery stores are potential outlets for the publications of the foundation. Justice Brandeis’ book—the latest publication in this interesting experiment—will come <V

ed. Mr. Minton and the public service commission spent two months conducting their own investigation through a New York firm of utility accountants which is known throughout the country for its efficiency and honesty. Today, after the most careful study, they acted. In calling upon the power company to show cause why the commission should not order a rate reduction, the commission stated flatly that the rates now charged are “unfair, unjust and unreasonable.” It further charged that the Indianapolis Power and Light Company had. without justification, added $24,000.000 for rate-making purposes to its valuation —this out of a total valuation claimed of $59,000,000. If this is true—and The Times believes it is—electric rates should come down at once. That excess valuation, if amputated, would save consumers many thousands of dollars in coming months. The commission and Mr. Minton deserve every credit for the manner in which they have handled the Indianapolis Power and Light Company matter. They have sought no political advantage and they have stirred up no ballyhoo. They simply went to work quietly and when they were ready they acted for the citizens of Indianapolis. What The Times wants is not a series of sensational news stories, but a real rate reduction for this community. And it looks as though there were now a chance of getting it.

as somewhat of a shock to millions of new readers. For it reveals the discouraging fact that the banking ills from which America has suffered so heavily within the last few years were all recognized, appreciated and warned against twenty years ago, Just as the so-called “Morgan hearings” of today revealed the vast ramifications of the holdings and powers of a few investment bankers, so did the famous Pujo investigation of two decades ago reveal the same evils. At that time Justice Brandeis summarized the findings and pointed the morals to be found in that hearing, in a prophetic volume which, had it been productive of legislation, might have prevented much of the suffering recently inflicted upon our country by bank failures. Every person who has suffered from bad banking or who has an interest in recovery—which should include practically everybody—will find Justice Brandeis’ book both interesting and profitable. UNCLE SAM, BANKER T TNCLE SAM now is the largest stockholder in the largest American bank outside of New York City. He attained that position by buying, through the RFC. something like $50,000,000 in preferred stock of the Continental Illinois Bank and. Trust Company, the sale having been approved just the other day by the bank’s directorate. Among all his other interests. Uncle Sam nowadays seems to be becoming a banker in a pretty extensive fashion. Just where all this is going to end is not at all clear. An imaginative person could be forgiven for believing that he saw taking shape, somewhere on the horizon ahead, complete nationalization of the nation’s banks. And a sensitive person, mindful of recent disasters, almost might be forgiven for believing that that could be a good thing. Now that Mussolini has showered honors on the mothers of large families in Italy, he ought to jail, the fathers.

I M.E. Tracy Says:

WITH the government offering to buy gold at $34.06 and silver at 64 l / 2 cents an ounce, the ratio stands at more than fifty to one. That is a long way from the Bryan proposition of sixteen to one. Incidentally, it is a long way from anything like a fixed ratio, or stabilization. As long as the dollar in gold fluctuates, its value in silver is bound to fluctuate, and as long as the value of silver is fixed, while that of gold is movable, one finds it hard to see any trade advantage, except to producers of silver. Even the producers of silver can not be sure of what they will get in actual money. We are getting a multitude of values for the dollar. It is worth one thing in gold, another in pounds, another in the general commodity index, and so on. Making it worth a specific amount in silver only causes silver to fluctuate. The same thing would occur in a fixed price for any service or product. Nothing can be stabilized until gold is stabilized. n tt tt AS long as the government reserves the right to move gold up and down at will, the 1 whole price structure must move up and down, with everybody trying to guess what his or her peculiar product will be worth. We assume, of course, that the objective of this complicated monetary campaign is stabilization and that the coinage of silver at a fixed price is part of the strategy. It certainly can not be regarded as serving a very constructive purpose by itself. If intended as a maneuver by which to force other nations into a gold pact, it may work. As things now stand, however, it appears to have increased rather than allayed public bewilderment. We still are operating on the gold standard, though payments in that metal have been suspended, and we still are endeavoring to fix the value of the dollar by changing the price of gold arbitrarily. Under such conditions, fixing the price of silver merely ties that metal up with the movement of gold. The ridiculous side of the situation is revealed in the simple fact that, while there is only about fourteen times as much silver as gold in the ■world, the latter is rated as worth fifty times as much an ounce. * tt a tt ANOTHER thing—Regardless pf what we do with silver, people will not use it as a common medium, of exchange because of its weight and inconvenience. If a large amount of it is coined, the government has no choice but to keep it as a reserve fund in vaults. By no stretch of the imagination can silver be visualized as serving any other purpose in modern business than a back-stop, a guarantee, a quantity of bullion held in storage to sustain public credit. As Professor Kemmerer points out. we are through with “cart wheels.” The fact that 90 per cent of our business is carried on by means of checks and drafts, and that ninety-nine our of every 100 people would rather have a dollar bill than a silver dollar, shows that the hard money era is over. People don’t want hard money, and they won’t accept it unless and until they have lost confidence in paper money. There are just two reasons for metal money—first, to make small change and, second, as a reserve to maintain ■confidence. ,

THE INDIANAPOLIS TIMES

r MOW ALU WEVE N— I \ \ SOT TO DO IS CTET IV. 1 ™ E BAAIK j j

: : The Message Center : : : I wholly disapprove of what you say and will defend to the death your right to say it.—Voltaire

(Times readers are invited to express their views in these columns. Mage your letters short, so all can have a chance. Limit them to 250 words or less.) By a Poor Man Our high and mighty tax lords have set the auto license deadline for Dec. 31st. Why? Why start this practice now when almost every one is hard pressed? The result of this deadline for me. on account of part time work, will be that I shall have to walk for two or three months. Doubtless many, other people are in the same boat, and the state will lose many dollars in gas tax. This is fine headwork on the part of our public servants. Speaking of gas tax, I see the federal government is giving us a reduction on account of liquor income. Has any one heard about a reduction in the state gas tax? By Bishop Danner. Indianapolis working people should direct their wrath at the exploiting employers of that city who really are to blame for the conditions of which they complain. Southern employers seldom give employment to northern people and it is just about impossible for a Yankee to obtain justice in the courts south of the Ohio river. All this malice and injustice are the fruits we are gathering from a glorious (?) war which our fathers were engaged in about seventy-two years ago and so it will now take a lot of good will and fair-mindedness to overcome this disagreeable situation. Nothing good ever is accomplished by hate, strife and prejudice. Northern and southern people should intermingle more instead of less and inter-marry as much as possible, as this will do more than anything else to reunite these two factions of our race. Last year I read Charles Darwin’s book “The Descent or Man,” anu when you see hungry, half-starved and poorly clothed men quarreling and fighting with each other over a place to w T ork and live it is not hard for me to believe the truth of Darwin’s statements that all mankind has developed from an ape-like creation down on a level with the rest of the brute family. If people who attend trashy senseless amusements and who read the same kind of fiction w-ould only try to become interested in and read good books such as H. G. Wells’ “Outline of History,” Henry George’s “Progress and Poverty,” George A. Dorsey’s “Why We Behave Like Human Beings,” and some of Robert Ingersoll’s good books, they no doubt would be better off and make better citizens. Labor-saving machinery can be made a great blessing to all mankind by limiting each worker to thirty or thirty-five hours each week with a minimum living wage, or it can become a curse as the pri-vately-owned machinery of a greedy exploiting class of rugged individualists who may choose not to submit to government regulation of working hours and wages. I lived in southern Alabama eleven years. I am in favor of disarmament by all nations. If we can maintain world peace, it will mean progress and plenty for all. If we have strife and warfare, it will bring about a dwarfed povertystricken existence for all. By an Overseak Veteran. I wish publicity through The Times to express my sincere appreciation and thanks to Arthur G. Gresham, chairman of the Veterans of Foreign Wars relief committee. Here is a man, disabled himself in the World war, who has done much for the disabled ex-service mer. Every service man in Indiana who holds any respect for the men with

: : A Woman’s Viewpoint : : BY. MRS. WALTER FERGUSON u 1

A GOOD many girls seem to think I have gone back on them. And are they angry about the letter appearing here recently which was written by the young man who doesn’t care for the modern feminist? I should say they are. His ears must be flaming. They resent his charges; they hate his smugness; they despise his high-handed attitude, and secretly. I imagine, each would like to marry him. That my sympathies in the controversy are with the girls goes without saying. With few exceptions the younger women in this country are splendid, efficient, dependable and lovable. Most of them only ask a few breaks in life. They want a reasonably .good .man to dove

Everything s Okay —A Imost

Seems Fair By a Times Reader. I am a devoted reader of The Times, so please print this: I read what someone wrote about the NRA and Indianapolis railways. Any street car man who wants work can earn more than sls a week. Some only want to work on certain lines and certain hours. Those street car men who had their hours cut were making more than S7O every two weeks. Some men want all the work while other have none. I am a street car man and I know Mr. Chase has done more for our company than any one else in several years. Can any one tell me where other men who have no trade are making 54 cents an hour? I give two days a week to the extra man, and I’m glad to give it. If every one of us would co-operate I’m sure Mr. Chase and the Indianapolis Railways always would give employes justice. Before the NRA some men would work four and five months without giving the extra man a day’s work. Now they must give up one day a week and the extra man who wants work has it. I’m asking you, isn’t that fair?

whom he served, owes a debt of gratitude to Arthur Gresham. If the service men of this state had a few more leaders like this man, they would not be in destitute circumstances today. He is not a politician and asks nothing for his efforts but the friendship of his fellow-comrades. More power to him. By Bruce Herrin. Perhaps the wets who so successfully brought back their muchdesired beer have not thought that its return might have helped in the unusually high number of deaths due to automobile accidents in Marion county this year. To be exact, there are 131 deaths due to accidents this year. By bringing your beer back, you probably have helped indirectly in the slaughter of these victims. Still the worst is yet to come. With repeal now in effect, the number of drunken drivers no doubt will increase hugely and the death toll for next year probably will increase simultaneously. I am only a high school boy of 15, yet even I realize that something must be done to check this death hazard which is confronting us. This probably will not be published, as your paper was for repeal, but I wish it might be. By Professor Fees. In reply to the bitter condemnation of James F. Miller relative to your editorial on professional fees, it seems to me that apparently he must have been on the receiving end of the “hot shot,” if we may apply those two words as the basis of your editorial. Mr. Miller may know his fees, but the editorial resulting from an “illadvised brainstorm” seems to have been the direct cause for a brainstorm other than the editor. The opinion of the general public seems more in favor of The Times and its fearless editor concerning their ability to hit the “bullseye” in their bold editorials. As Mr. Miller says his renewal was for a short time, I believe, Mr. Editor, that you should mark his subscription up for at least two years and allow him more time to read The Times. Evidently those who would make the statement that

them. Nor need they be ashamed of that, for it is the urge of all civilized humankind, the urge for some other half of self, some being who will give reality to dreams. u a a BUT beneath the angry retorts and in spite of the excellent defenses, the letters of most of the girls carry a subtle message, one which few of them meant to convey. Even against their will they have written between the lines their joy in the fact that men wish to regard women as beings made of finer fiber than themselves. And I am quite convinced that we all should be immeasurably hurt if the day ever comes when a boy ceases to think of his sweetheart as more exquisitely sensitive, as bet-

The Times cries about freedom of the press and are afraid to use what freedom they have for fear of offending some prospective advertisers. are not habitual readers of the editorial columns. I might add also that if Mr. Miller will just turn the pages of The Times he wall discover that The Times seems not to be lacking m advertising and as a parting shot it seems to me that a newspaper man in jail for upholding the rights and liberties of their fellow-men greatly would surpass in character any and all high-class legal grafters and excessive fee collectors. Now since apparently you had the nerve (as Mr. Miller defines it) to publish his letter, please also have the nerve to print this and continue giving us your so-called narrow view's of public affairs in general. By a Times Reader. The government has approximately 500 men from Marion county, who are engaged in working on the Monroe county forest preserve, south of Martinsville. Each man on this project is up at 4:30 a. m. every day in the w r eek except Saturday. The busses leave some days bewteen 5:30 and 6, other days at 6 to 6:30, to enable us to get on the job at 8. To earn six hours work, we put in thirteen hours time. The distance we travel is eightyeight miles a day. We are happy and glad that we are working and do not mind putting in the time. Every man is a hard, conscientious worker. On Tuesday of this week we arrived on the job and it war, raining. The roads and the rock quarries were muddy and it made working impossible. We sat in our busses till 10, when it started to rain steadily. Mr. Murphy, our construction foreman from Indianapolis, and by the way he works out of the state house, came to the busses and ordered us out in the rain to work. If w T e were equipped like the C. C. C. boys with clothes for such weather we would not have protested. Out of nearly 450 men, more than 200 stayed in the busses, for Mr. Murphy decreed work in the rain and mud, or stay in the busses from 10 until 3:30 in the afternoon. Those who worked, half of them were soaked, and one man was confined at home next day with a temperature of 102. Now we will not get paid for that day and God knows the men need that $3. On top of that, it is a Christmas pay. They will not let us make up the time and our plea is give us a square deal, you statehouse politicians, for in 1936 we vote again, and we will see that McNutt and his clan are out forever. Our praise for the government men who have charge of the actual w r ork being done on our project is that we have never met finer men than they, but as to Mr. Murphy and his strawboss politicians out of the statehouse— phooey. Please print as much as you can of this letter. Also we have a petition with almost 250 names of the men who were given this dirty deal, and will testify as to the assertions made by this writer. The Indianapolis Times believes the written debate between Hoosiers and Kentuckians has been aired sufficiently and for this reason no additional letters will be published. DAILY THOUGHT When the unclean spirit is gone out of a man. he walketh through dry places, seeking rest, and findeth none.—St, Matthew 12:43. WHAT rein can hold licentious wickedness, when down the hill he holds his fierce career?— Shakespeare.

ter than himself. We like adoration mixed with always will. And is it not the highest quality of any emotion that is worthy to be called by the name of love? The physical alone does not satisfy mortal longings. Neither do men and women stand upon a dead level with each other, no matter how vociferous we may become about equality. This is why I regard the breaking down of all barriers between the sexes as a distinct calamity for both. And women would forfeit far more than they ever could gain. Moreover, if, as we say, love is unreasoning, perhaps it is but natural that a few romantic young men still seek for wives who will fit the ideal of their dreams. -fa

:DEC. 29, 1933

Fair Enough BY M F.STDROOK TEGLER-

IN regard to the statement of Professor Irving Fisher of Yale, that very few people in this world understand the real meaning of money. I will say that this is one of my own little faults, but that it never has interfered with my enjoyment of such money as I have been able to acquire. I find my primitive understanding of monty satisfactory up to this time, but a real scientific appreciation might dispel a very pretty illusion and ruin my enjoyment of one of the few genuine pleasures in life. Up to now. a ten-dollar bill has a very definite and pleasant meaning to me. which might be changed to something rather depressing if I were taught to look upon the tendollar bill as a mere token. I think I have been reminded from time to time in mv efforts to read various explanations in a nut-shell of the subject of inflation and credit that the ten-dollar bill, of itself, is no more than a scrap of paper which would be worthless, but for certain factors behind .it. such as credit and car-loadings and the unfilled tonnage of the United States Steel Corporation. But the tendollar bill, of itself, is so pretty that I am not impressed permanently by these nut-shell explanations and I go Gn liking it for itself alone. Economists probably do not ~*'t much fun out of money. They would seem to be rather like certain doctors who. on taking a highball, instinctively remind themselves that alcohol exerts certain harmful effects on the human interior and that the sensation of life and pleasure which comes after the second or third one merely signifies that something very scientific is taking place in the brain. I have had this explained in a nut-shell, too. but fortunately as In the case of the ten-dollar bill, the explanation does not obtrude itself and my enjoyment is never clouded by the thought that my singing of i Sweet Adeline represents a slight, passing mental disorder. a tt tt AT that. I believe my sand-lot conception of the meaning of | money has been better than that of ! many financiers who prospered during the boom. One sunny morning in Miami Beach I was on my way to the ocean with a self-made man who was gambling steadily in the market and stopped for a moment at his suggestion in a broker’s office where he was known. The illuminated tape was running across the board and clients in bathing suits sat in big chairs chafing particles of sand off theirJ hairy legs with big, knobby toes. My friend gave some sort of order and we resumed our walk, returning about two hours later, at which time he gave another order. As we left the brokerage this time he said he had picked up a thousand dollars as easily as that. I met and listened to many financiers in those days, some of whom j rode in yachts and flying pullmans ' of their own, who were operating in millions. All of them have gone broke since, confirming a suspicion which I had all the time that for every dollar that is won in any gambling game somewhere a dollar must be lost. But my suspicion weakened for a while when it looked as though someone had made up a new rule whereby everybody could go on winning always. It always had worked out in my early schooling in gambling games that I couldn’t win a marble unless somebody lost one. tt tt a IT is interesting to find on Professor Fisher’s list of eighteen men who understand the real meaning of money the names of nine professors, members of a cl£tss which has always been pictured as poor. But then some of the greatest bartenders are total abstainers, and I suppose a man needn’t love money to learn all there is to know about it. Possibly the professors just study from samples out of some museum. I received one very helpful thought on the subject of money from the late E. Phocian Howard, a gambler who used to say whenever he lost an important bet that it was only money, anyway, and added, “your life don’t go with it.” Mr. Howard believed that money was made for spending purposes only and often scolded the notion, so popular during the Coolidge administrationo, that thrift was something of a virtue. He predicted a great economic disaster, not because the gamblers were gambling, but because the people were saving, for it was his claim that money needs circulation and fresh air and will rot like apples in a barrel if kept inactive too long. Mr. Howard hoped his money and his life would come out just even, and they almost did, but he lived long enough to console and assist numerous acquaintances who had tried saving theirs, and then, after the crash, discovered that their money had spoiled on them. Professor Fisher forgot to add one important thing when he said that the people as a mass don’t know what money really means. He might have said also that quite a few citizens don’t even remember what it looks like. (Copyright, 1933, by United Features Syndicate, Inc,; Questions and Answers Q—Has the city of Washington the same boundaries as the District of Columbia? A—Yes. Q —Which syllables of “necessary” and “ordinary” are accented? A—The first syllables. Q —What is the origin of the expression “X marks the spot?” A—Surveyors from earliest times have used X to indicate a spot, the intersection of two lines being the natural way to indicate an exact point. Hence the derivation of “X marks the spot.” Time BY POLLY LOIS NORTON The little seconds hurtling, Swift into minutes fly; And minutes flee Into she hours— They and the days go by— The weeks and months flew forth like tears, Where is this year, and all the j'eaxa?