Indianapolis Times, Volume 45, Number 258, Indianapolis, Marion County, 8 March 1934 — Page 4

PAGE 4

THOMAS GREEN DIES IN MIAMI: FUNERAL HERE Baking Machinery Maker to Be Buried From Home | Saturday. ft Funeral services for Thomas . Luther Green. 60. who died in Miami, Fid Monday night will be held at his residence. 716 East Thirty-second street, at 2:30 Saturday afternoon. They will be conducted by Dr. Charles Drake Skin-! ner, pastor of the Central Avenue, M. E church. Mr. Green was president of the Thomas L. Green Ac Cos., manufacturers of baking machinery. He had lived in Indianapolis since 1883. He was a member of Ancieqt j Landmark Lodge. 319. F. Ac A M ; ! Keystone chapter. 6 R A. M : Raper Commandery l, Knights Templar, Murat, Temple; Nobles of the Mystic Shrine, and the Indianapolis! Athletic Club Mr. Green had been engaged in the bakery machinery business since i 1803. At the time of his death, he ' was associated in business with his! brother. J. Harry Green, and two j nephews. Emmett W. Green and W. j Presley Morton. Surviving him are the widow. Mrs. Anna Green, a daughter Mrs Mar- ( vin L Lugar; four brothers. Alonzo P. Green and Hubert C. Green, Los j Angeles, and J. Harry Green and George U Green. Indianapolis, and ! two sisters. Mrs. Levi Shake and Mrs. J. H Morton. Indianapolis. Retired Carriage Maker Dies After an illness of four years, William Fike, 71, retired carriage maker, died yesterday in his home, 2431 Central avenue He had been a resident of Indianapolis twenty-one years. He was a member of the Seventh Presbyterian church. Surviving him are the widow. Mrs. Winnie E. Fike. a daughter, Mrs. 1 Katherine Grasser, Kansas; and two sons. W Edward Fike, Kokomo, and Herbert G. Fike, Indianapolis. Last Rites for Edward J. Dill Funeral services for Edward J. Dill, 64, former resident of Indianapolis. were to be held at 2 this afternoon in the Flanner and Buchanan mortuary. Burial was to be j In Crown Hill cemetery. Mr. Dill died Monday in his | home in Cincinnati. He was president of a baking company in Cincinnati. Death came as the result of injuries sustained when he fell down an elevator shaft. LEGION POST TO HOLD BENEFIT CARD PARTY Oaklandon Veterans to Stage Event Tomorrow Night. A public benefit euchre and hridge party will be held by Service Post 128, American Legion, in Legion hall, Oaklandon, at 8 tomorrow night. The program is being arranged by Dr. Harold M. Jones, Ernest G. Mock, Mrs. Alta Lawson and Mrs. Florence Gee.

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America Miuft Choose New Tariff Policy Would Require Many Sacrifices Nation Must Decide Which Industries Are to Be Exposed to Real Foreign Competition. Thi 1* (hr four„r>th <*f *rr i„ of artlflo* written for the Foreign Policy Association and World Peace Fosodation. BY HENRY A. WALLACE Sec retsrr of Agrienfinre IN President Roosevelt's "Looking Forward,” a book made up of his campaign declarations, he said: Instead of romantic adventuring in foreign markets we expect and hope to substitute realistic study and actual exchange of goods. We shall try to discover with each country in turn the things which can be exchanged with mutual benefit and shall sepk to further this exchange to the best of ou& ability. This economic interchange is the most important item in our country's foreign policy.”

Foreign loans are all right provided at the time we make them we know that we are certain to have a tariff policy which permits their repayment. This means a totally different kind of tariff policy than we have ever had in the past. It means a considerable change in the psychology of the American people. Ideally it means when we make a loan anywhere outside the United States that we know approximately the quantities of the different kinds of goods which we are going to accept from that nation in repayment. It means that we play the game in an even more definitely conscious way than England has played it with Argentina. I mentioned that method early in this pamphlet. England loaned money to Argentina to build railroads and furnished the railroad equipment. In return. England received from Argentina its wheat and cattle. With us the necessity for definite planning in our loans and our tariffs is much greater than with England, because our tariffs are so much higher. It is easy for foreign trade experts to talk about triangular and polyanguiar trade and thus avoid the necessity of forming clear-cut trade deals with a given country. But if we are going to trend toward internationalism, it seems to me that the only safe way to handle it is to Conclude both loans and trade deals with foreign countries as nearly as possible on a bi-lateral basis and not get involved in the confusing complexities of triangular and polyanguiar trade with which the economists like to mess up our minds. a a a F'EW people realize that it takes just as much planning to follow a plan of internationalism by exchange of goods, not promises, as it does the path of nationalism. The planning is of a different sort and .is not as apparent to the rank and file of the people. England, because of the fact that it has had an extraordinarily well-educated upper class—able to think in terms of decades instead of in terms of weeks, and which also commanded the confidence of the rank and file of the people—has been about the only nation able to engage, for an impressive number of years, in plans of internationalism successfully. A truly practical readjustment of our own tariff policy would involve the careful examination of every product pr educed in the

United States or imported, and the determination of just which of our monopolistic or inefficient industries we are willing to expose to real foreign competition. This problem should be approached from the point of view of a long-time national plan which we are willing to follow for at least twenty or thirty years, even if some of our friends get hurt, and howl continuously to high heaven. Throughout the world, protected industries have been piling up surpluses, and howling for further protection and export outlets in the same breath. In such a struggle, all can not be winners. Tariff walls rear higher and higher; complaints multiply. In the confusion it sounds like a plea for freer trade. It is something very different. What the nations demand in unison is only more outbound traffic. More inbound traffic they feel they can not accept. Every surplus country needs deficit areas to balance it off; and as the surplus countries increase, the deficit areas decrease. Thus by inexorable logic, say the economic nationalists, the nations drive steadily on to economic isolation. a a a I HAVE tried to show that such conclusion does not inevitably follow. Nor should we conclude, from the fact that international trade has declined heavily throughout the world since 1929. that it is destined to decline permanently. Compared with the developed parts of the world, the relatively undeveloped parts are still very large. Among these we may include vast areas in Africa, India. China, Russia, South America and elsewhere Moreover, the nations that we consider well developed are probably nowhere near the limit of their possible development in civilized purchasing power. It would be mere guesswork to infer from the experience of the last few years that expansion in the world trade has passed the zenith. It may be that we have seen only the early stages. Expansion on sound lines, with trade based on genuine reciprocity of one sort or another, may furnish scope for expanding economic energy indefinitely. Trade expansion forced at the point of the gun is, of course, an entirely different matter. That game is never worth the candle. Certainly, however, opportunity still exists for the sane and peaceful expansion of world commerce. a a a THERE is world trade to be had. By paying the price the United States can get its share. What is that price? It must buy abroad as Veil as sell abroad. It must import as well as export. In its general form, this proposition excites no opposition; but its particular applications do. Arrangements to bring in more goods, so that more may be sent out, involve pains as well as profits, and neither the pains nor the profits affect all citizens equally. It does not appeal strongly to an American manufacturer to be told that if he will sacrifice a part of his domestic market to hts foreign competitors, our farmers will have a better foreign market. He wants to know at once if there is not a way to do the trick without hurting any one. There is none. There will be actual pain, from dislocations in the business structure, and psychological pain from dislocations of traditional attitudes, and from denials of the traditional American opportunity to rule or misrule one's own business in one's own way, regardless of general consequences, what, ever course we choose. TOMORROW Solving Home Problems First. TROOPS RECEIVE ORDERS Ft. Harrison Battalion to Proceed to Ft. Knox, Ky. A provisional battalion of the Eleventh infantry. Ft. Benjamin Harrison, composed of Companies I, a. and L, under Lieutenant-Colonel Luther R. James, has been ordered to proceed to Ft. Knox. Ky., March 16 to aid in discharging civilian conservation corps enrollees.

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THE INDIANAPOLIS TIMES

MODERN YOUTH TO BE TOPIC OF FORUM SPEAKER i Son of Rabbi Stephen Wise to Talk at Kirshbaum Center Sunday. Charges of irreverance, often made by an older generation against present-day youth, will be attacked Sunday night by James Waterman ! Wise, New York, speaker in the InI dianapolis Open Forum at the Kirshbaum Center. Mr. Wise is the son of Rabbi Stephen S. Wise. He attended Har-

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AYRES DOWNSTAIRS STORE t> f . , , •

vard and Columba universities, and was graduated from Columbia with Phi Beta Kappa honors. After a year in Cambridge university. England, where he studied to become a rabbi, he abandoned those plans, and since that time has written for various magazines, and lectured. A series of articles, covering his studies of European youth in 1927, were published in the Century magazine. SEEKS ASSESSOR POST James F. Walker, Democrat. Will Hun for Warren Township Office. James F. Walker. 54. of 5820 Rawls avenue, today announced his candidacy for Warren township assessor on the Democratic ticket. He was a candidate for the office two years ago and was defeated by a small majority. Mr. Walker has been engaged in the real estate and contracting business.

AVIATION CHIEFS TO MEET HERE McNutt Will Open Two-Day Parley of Officials in City Tomorrow, Governor Paul V, McNutt will make the welcome address to members of the National Association of State Aviation officials meeting here tomorrow and Saturday. Charles E. Cox, CW'A state airport adviser, will preside tomorrow afternoon. Other speakers tomorrow will be Floyd E. Evans. Michigan, regional vice-president, who w r ill speak on "Opportunity of State Aviation Officials under the CWA program,”

rro AYRES DOWNSTAIRS

and Fred D. Fagg Jr., association secretary-treasurer. "Federal CWA Airport Program” will be the subject of an address by Benjamin King. CWA regional airport adviser, at the banquet at 6:30 tomorrow night. Saturday's program will include reports by states of the accomplishments and difficulties encountered under CWA. Delegates from Ohio. Indiana. Michigan. Kentucky and West Virginia will attend. HOLMES IS 93 TODAY Famed Liberal Jutice Celebrates Birthday Quietly. By T’riitrd rrrt* WASHINGTON. March B.—Justice Oliver Wendell Holmes in the quiet study of an ancient red brick house on a busy downtown sidestreet. today celebrated his ninety-third birthday.

."MARCH 8, 1934

OLDEST ARMY FLIER TO TESTIFYIN TRIAL Major Ocker to Take Stand in Court Martial. 8 1/ United Prrut FT. SAM HOUSTON. Tex.. March 8— Major William C. Ocker. oldest army pilot and inventor, charged with speaking derogatorily of a superior, was scheduled to testify for himself here today. His testimony was expected to bring to a climax the trial by courtmartial on the charges preferred by Lieutenant-Colonel Henry B- Clagett. commandant of Kelly Field, and Major Ocker's long-time enemy.

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