Indianapolis Times, Volume 45, Number 231, Indianapolis, Marion County, 5 February 1934 — Page 5

'FEB. 5, 1934_

BARNES LAUDS THOMAS' PLAN FOR INFLATION Senator’s Proposal Preferable to the President’s, New Book Declares. BY EARL SPARLING Tiam Special Writer The controversy that has raged, and still rages over inflation in the United States is a -tempest n a teapot.’’ asserts Dr. Hanv Elmer Barnes in a small book. "MoneyChangers vs. the New Deal.” pub-

lished last week by Ray Long Richatd R. Smith. Inc. He holds that none of the inflationary p'nns now be>ng tried by the Roosevelt administraor being p.cp'*- and in congress is in any sense dangerous and that Sonat o r F. 1 m e r Thomas’ plan for the printing of $3,000,000,000 or more of paper

Dr. Barnes

currency is actually ‘‘to be preferred to that of President Roosevelt as revealed to date.” “Senator Thomas.” he writes, “would drive the price <of gold) up to s4l 34 an ounce—a high but not unreasonable figure. He would stabilize the price of gold at this point. . . . This depreciation and devaluation of the gold dollar would mean that our present gold reserve, in terms of dollars, would be approximately doubled. “It would amount to some $8,650,000.000. “On the basis of a legal 40 per cent coverage, this would permit a total paper money issue, includ.ng present paper currency outstanding, of some $21,650,000,000. . . . One thing is certain, and that is that he will not demand the printing of more paper money than can be amply backed by the existing gold leserve. -Senator Thomas wants the government to spend such (taper moneyin public works, relief, refinancing of debts and other projects, so as to increase mass purchasing power and restore 1926 prices . . . He announces himself as resolutely determined to resist any menacing fiat money program or any uncontrolled inflation. The Thomas bogey thus stands fully exploded. The senator appears to be almost a sound 'money man. Certainly no plan put forward by any conventional sound money champion compares with the Thomas program in its promise of aid to national recovery. “Compared with the worst results which might flow from Senator Thomas' program, the works of Herbert Hoover and Odgen Mills and proposals of David A. Reed appear to be the products of public enemies of the first rank.” Dr. Barnes dcciar.s that capitalism and the present economic structure of the country will be en-

IMiRBnCTffl CORNER DELAWARE and WASHINGTON STS. TUESDAY I ladies' silk ax'd wool YELLOW LAUNDRY SOAP SCARFS 5 “ 11 ■I O TURKISH ■ w towels /yc These would be a bargain at WHILE 200 LAST! LADIES’ three times the price. _ II ■ V FELT HATS SANITARY NAPKINS I JKgf BOX OF 6 Cc V r.>mr(ii ' | RUBBER | Felts and Turbans. Assorted CTUIT MATC f A shades. AH headsizes. Out 91PIIV eirtiS V I they go at this low price! Tiie*K" I LA |,| KS . kayos asd wool I uncr a %II " U 5: d 1 Qc I All wanted \ | .hade*. All *l,e. I GIRLS’ DRESSES I Prints and 4% W I knitted styles. ■ W( I Some soiled. GIRLS’ NEW SPRING JUMPER CROCHET COTTON]I DRESSES < r ...I II k ,h wkw ■ K”„S §ti fie — 1 "•-" m H pin ■ ■ (It \K\M tOF I tint'* H wool ind H | B. PURSES j Cc I Owl the? gMEN’S WOOL AND COTTON M LADIES' VAT DYED WORK 4% WASH _ _ SOCKS l^C FROCKS f" fl c —■ " “ ZZT I New MENS SOILED FLANNEL I rc■lwf pajamas JL*% I ’ "• ?lf, W and GOWKS c Ww Out They <*•!

SLAIN BY POLICE

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Malcolmn S. Kountz Shot by police Saturday night after a chase through north side streets. Malcolm S. Kountz. holdup suspect, died yesterday in city hospital. VETERANS TO ORGANIZE V. F. W. Will Endeavor to Establish East Side Post. Effort to organize an east side past of Veterans of Foreign Wars will be made at a mass meeting of veterans w-ith foreign military service at 8 Thursday night in the Dearborn hotel. East Michigan and Dearborn streets. dangered not by any such controlled inflation but the possibility that “the deflationists may defeat the President’s plan or some other program for thoroughgoing reflation.” “A continuance of the policies followed by President Hoover and Secretary Mills,” he continues, “or those recommended by such economists as Professors Kemmerer, Haney and others of like philosophy would very probably wreck the capitalistic order —and rather speedily. "Enemies of the capitalistic order should literally rally with gusto around Senator David A. Reed . • • Deflation and sound mbney, in the conventional sense of the term, are Public Enemey Number One in the monetary realm.” To prove that inflation can be controlled he points out that France had controlled inflation and succeeded reasonably well w-ith the experiment within the last decade,” and that “we were not ruined by controlled inflation during the Civil war, even though conditions were critical and monetary science was very rudimentary.” Hp does not point out that though France devalued the franc to onefifth in 1927. the benefits have nowbeen used up and there is serious talk of devaluating the franc still more. He also neglects to point out that the controlled American paper inflation during the Civil war resulted eventually in two panics. Help Kidneys • If poorly functioning Kidneys aM§ Bladder make you suffer from Getting Up Nights. Nervousness, Rheumatic Tains. Stiffness. Burning, Smarting, Doctors PrescriptionCystex(Sias-tex> Must fix you up or money vyStCK back, Qu& lif at druggista*

PEGLER VIEWS ON CHILD LABOR UNDERATTACK Dinwiddle Thinks Writer Not Familiar With Past Abuses. Westbrook Pegler’s column in The Times and other Scripps-How-ard newspaper last, Tuesday, on the subject of child labor, has brought forth a statement by Courtenay Dmwiddie. national child labor committee general secretary, taking exception to Mr. Pegler’s views. Mr. Dinwiddie s statement follows : “ Fair enough,’ says Westbrook Pegler in his syndicated column in Scripps-Howard papers of Jan. 30. He then proceeds to picture the ratification of the federal child labor amendment in 1940 as the signal for outbreaks of wholesale slaughter of innocent children and parents who are encouraging them in such homely occupation as shov-

c= J : ea^le^ihip in Value brings leadership in Sales m CHEVROLET ' . m WINS FIRST PLACE AT THE m, || NATIOHAL AUTOMOBILE SHOWS Ml) M FOR THE SEVEHTH Jfj ' 1 COHSECUTIVE ’MW 1 TIME mM America value, and America will |= comfortable speed, and increases economy at V buy.” That is a basic Chevrolet policy, fj JIA •IyiiW M W touring speeds by 12%; anew frame 1500% as a result, Chevrolet has occupied stronger; greater weight and length; greatly first position at the National Automobile Shows improved all-weather brakes; and bigger* for seven consecutive years, and leads in sales again roomier bodies. Furthermore, all the good for 1933—this time by the widest margin in history\ things that brought Chevrolet leadership in the Chevrolet deeply appreciates the public prefer- 9 B HI 9_ M m B B m 9 B B! mi 9 99 Bpi II 99 99 9 99 9 six-cylinder engine, Syncro-Mesh gear-shift, the ence which made this record possible. It affords 9 mm H BB PI 9 9 9 9 9 wLJf Jl If WM B B 9m| 9 Startcrator, the Octane Selector and Fisher No ample proof that leadership in value and domi- 9 9 99 91 9 9 99 9 Draft Ventilation. In fact, we have built so nance in public favor £o hand-in-hand. And XA/HDin LARGEST much value and such outstanding smartness that is why Chevrolet confidently looks forward ** UKLU 9 LMKUCJI and performance into the car that is occupying to another successful year. Because never has biiii nen /n r aiit m adii EC BUILDER U F AUTO fVI WBi LED first place a t the National Automobile Shows, Chevrolet presented America with such a big * , that w e say with complete confidence and entire package of value as its 1934 car. good faith, "Drive it only 5 miles and youil The new Chevrolet has Knee-Action wheels, neverbe satisfied with any other low--priced car.” which change the. ride to a glide; anew engine ® 6 6 CHEVROLET MOTOR COMPANY, DETROIT, MICH, principle, which makes 80 miles an hour an easy, Division oj General Motors

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THE INDIANAPOLIS TIMES

' elling snow, mowing the lawn or washing dishes. “The silly season seems to have arrived in full mid-winter instead of iin the dog days of August. One is ; inclined to laugh at such utter absurdities. But to be silly about things that do not matter in the month of August when one’s mind is slightly addled by the heat is i one thing. To jest about whether the youngest and most helpless members of our population' are guaranteed life, liberty and the pursuit of j happiness is quite another. Perhaos Mr. Pegler considers that the children of the country were all busy a year ago at play, or at school, or , at the innocent activities which he pictures. If so, he was sound asleep at that time. “Young children just out of school at the age of 14 were being | driven like slaves for long weeks of work in shirt manufacturing estab- ; lishments at wages ranging from 85 cents to $1 or $2 a w-eek. Their pathetically thin pay envelopes were being docked to swell the very funds from which their families were being given relief. “Children were being compelled to sign statements that they would work as earners without pay and then replaced w-ith other so-called learners. All this merely was a device to squeeze further sordid profits out of sweated labor of young chil-

dren without any compensation to them. “Young girls were compelled to work for little or no wages at all at domestic service including the washing, cooking and cleaning for one and sometimes more families. They were made to sleep in hallways, kitchens, basements and on laundry tubs. They were trtated as beasts of burden, with no souls or natural human desires for rest or recreation. “Thase abuses and many equally bad were to be found spread widely over this free country of ours in the year of our Lord, 1933. Some of these conditions still have not been eliminated in spite of the remarkable gains through the NRA codes. But these codes have clearly pointed the w-ay to national regulation w-hich has been overdue these many years. We have seen at last that it is possible through national action to guarantee elementary protection and rights to our boys and girls, such as we have failed to bring them through the painful and slow state-by-state process. “A few states have insisted, to the hurt of their children and of the children of other states, that they be allowed to undersell the goods of others through the use of ‘cheap’ child labor. The children pay the j price in bodies and minds. The : codes show that national learn work

Is the answer to such primitive warfare in which children are the victims. “Mr. Pegler takes the conspicuous forum of a column that reaches all over the United States to point us backward on the road to such outrageous conditions, under the slogan of Fair Enough.’ For that is just the road backward in the scale of progress which we took when the federal child labor law was declared unconstitutional and which we will taHe again unless we have authority for national legislation to correct these evils. “ ‘Fair enough.’ says Mr. Pegler. Would he think it ’fair enough’ if it were his own children that he were consigning to such abuses?” ONE CENT A DAY PAYS UP TO SIOO A -MONTH The Postal Life & Casualty Insurance Cos., 5421 Postal Life Bldg . Kansas City, Mo., is offering anew accident policy that pays up to SIOO a month for 24 months for disability and $1,000.00 for deaths — costs less than lc a day—s3.so a year. More ready bought this policy. Men, women and children eligible. Send no money. Simply send name, address. ace, beneficiary's name and relationship and they will send this policy on 10 days’ FKEE inspection. No examination is required. This offer is limited, so write the company today.—Advertisement.

COLDS GO THRU 3 STAGES! —and They Are Twice as Easy Stopped in the First as in the Second or Third Stages!

A cold passes through three stages —the Dry Stage, the first twentyfour -hours; the Watery Secretion Stage, from 1 to 3 days; and the Mucous Secretion Stage. Once it gets beyond the Dry Stage it is far more difficult to relieve, A cold, therefore, should be treated promptly. The wise thing to take is Grove's Laxative Bromo Quinine —for several reasons. Instead of a "cureall,” it is expressly a cold remedy. It is also an internal treatment which a cold, an internal infection, requires. And it is complete in effect. It does the four things necessary. First, it opens the bowels. Second, it combats the cold germs in “the system and reduces the fever. Third, it relieves the headache and

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