Indianapolis Times, Volume 45, Number 259, Indianapolis, Marion County, 9 March 1934 — Page 8

PAGE 8

TRUCK DRIVER SEVERELY CUT INCOLLISION Coupe Operator Unhurt When Car Is Struck by Carrier. When the truck which he was driving crashed head-on into a coupe at Thirtieth and Olney •treets yesterday, Roy Macy, 26, of 3925 East Eleventh street, suffered serious cuts of the hands and face. He was taken to the Methodist hospital. Russell Bocock, 31. of 1618 East Forty-sixth street, coupe driver, escaped injury. Mrs. Katherine Hooker, 51, of 3543 Kenwood avenue, suffered lacerations of the forehead yesterday when an automobile which her husband, Fred Hooker, 59, was driving, was in a collision at North street and Capitol avenue, and then glanced off. striking an automatic traffic signal. Shedrick Stephenson, -43, Negro, 632 Udell street, driver of the other car, was not injured. Miss Marie Stewart, 35, of 2907 East Eighteenth street, suffered a lacerated nose and bruised leg yesterday when the car in which she was riding collided with a truck driven by Russell R Mackey, 34, of 934 Highland avenue, at Twentyfifth street and Guilford avenue. •She was treated by a physician. L. O. Van Hook, 1002 Beville avenue, was the driver of the automobile. A car driven by R. S. Burnell, 432 West Thirty-first street, struck a police car yesterday in the 2100 block. North Capitol avenue. Mr. Burnell was arrested on a charge of failure to give right of way to a police car. No one wras injured. HAWORTH WILL FILED; BROTHER IS EXECUTOR Sister of Butler Professor Leaves 515.000 Personal Property. The will of Miss Rosalie Haworth, of West Newton, Ind., sister of Paul L. Haworth, head of the history department of Butler university, was filed for probate yesterday. Miss Haworth died Feb. 22. Mr. Haworth was named executor. The personal property was listed at $15,000 and the realty holdings at SB,OOO. A $30,000 bond was furnished by the brother. OFFICE HONORS BERRY Deputy Assessor’s Associates Pay Tribute. Marion county assessor’s office was closed until 10 a. m. today in respect to James E. Berry, chief deputy assessor, who died suddenly thus week.

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A SOCIALIST?

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Astounding to both Socialists and socialites was the discovery that Mrs. John D. Rockefeller 111, above, was enrolled as a member of the Socialist party. Her husband is a Republican. Mrs. Rockefeller, the former Blanchette Hooker of Greenwich, Conn., had no comment to make, but members of the family said later she Intended to register as a Republican.

ARRANGE SONG PROGRAM Mothers’ Choruses to Feature Civic League Meeting. Mothers’ choruses from Schools 33, 81 and 54 wall be featured at the Monday night meeting of the Brookside Civic League. The choruses will give a program of songs. ’The meeting starts at 8 in the Brookside community house. C. V. Montgomery will be in charge of the business meeting following the entertainment.

EMPLOYERS OF CITY OPPOSE 30-HOUR WEEK Shortening of Work Hours by U. S. Law Finds Little Support. * Indianapolis employers are opposed to regulations or laws shortening work hours, it was in the report of a survey submitted to the United States Chamber of Commerce by the Indianapolis Chamber of Commerce yesterday. The questionnaire upon which the report was based was submitted to thirty-five manufacturers and business men. both large and small. Seventeen replies were received. AU who replied were opposed to the Connery bill, which would establish a maximum thirty-hour week for workers. They also opposed reduction of working hours below the present maximum weekly limitations imposed in the codes of the various industries and businesses. The questionnaire was announced by Louis J. Borenstein, president of the Indianapolis Chamber of Commerce, and Clemens O. Mueller, chairman of ' the organization’s newly created committee on national legislation. SHOALS HYDRO PLANT ABANDONMENT URGED Lacks Sufficient Primary Power, Angus Tells Engineers. Operation of the Muscle Shoals hyrdo-electric power plant should be abandoned, D. J. Angus of the Es-terline-Angus company told members of the Indianapolis Engineering Society yesterday in the Board of Trade building. Because there is not sufficient primary power at Wilson dam, the plant never should have been built, he asserted. In the interest of economy and sound financial procedure, the plant should not be operated, he said. Mr. Angus exhibited motion pictures taken at the Scientech Club’s expedition to the plant in October. ELMER LOCKYEAR IS CANDIDATE FOR JUDGE Former Appellate Court Jurist Seeks Bench Again. Elmer Q. Lockyear, former appellaae court judge, will seek the Republican nomination again, he announced today. He was on the appellate bench from 1929 to 1933, but was defeated for re-election by the Democrats. Previously he was judge of the probate court at Evansville. Since retiring from the bench. Judge Lockyear has been practicing law here.

THE INDIANAPOLIS TIMES

- 1 America Must Choose ——■ Economic Production Outstrips Consumption Planned Redistribution of National Income Will Help in Increasing Consumers at Home.

This is the fifteenth of a series of articles written for the Foreign Policy Association and the World Peace Foundation. BY HENRY A. WALLACE Secretary of Agriculture SOLVING HOME PROBLEMS FIRST IT should be recognized that our surplus problems here in the United States, and the resulting necessity of keeping parts of our factories idle and withdrawing acreage, or of widening foreign markets, or of doing these things in combination, is really part of a world surplus problem. This country has more industrial as well as more agricultural capacity than it needs for home consumption. Surplus capacity in industry shows up mainly in unemployment, rather than in a persistent accumulation of commodities; but in all branches of our economic life there is an identical tendency for production to outrun consumption. Other nations have just the same trouble, as we know from the prevalence of unemployment and dole systems throughout the world.

It happens that in this nation the surplus problem is most acute because most of our customers already owe us more money than they can pay. Now, it is this discrepancy between production-power and domestic consumption which makes all nations wish to sell more abroad than they buy abroad, and gives rise to economic nationalism in it smost determined forms. There can be little doubt that the trouble traces, in whole or in part, to a maldistribution of income. That doctrine is implicit in our new deal, which seeks to compensate for falling markets by building up purchasing power at home. On a national and on a world scale, alike, the tendency of oldtime opportunist capitalism to pile up surpluses and to pola-rize wealth leads to disaster. Planned production and plans for a better distribution of income are essential to safe and decent business within nations, and among nations. Whether you are an extreme free trader, in principle, or an extreme isolationist, maldistribution will kill any attempt toward plenty, security and release. a an npHROUGHOUT the world, the old deal balanced production with consumption by a steady increase in the number of consumers beyond the nation’s borders, by means of loans. This system minus the usual component of force worked for us, or seemed to work, for some years after the war. It broke down when our loans went bad; and our loans went bad because we refused to become im-port-minded. Now we are trying anew method, anew deal, which seems to me to rest on irresistible logic. We are trying to build up consumption per capita at home, as a substitute for the continued search for new consumers abroad. Our new method involves a planned redistribution of the national income, in contrast with the unplanned redistribution that takes place regularly, and usually unhappily, in every major economic crisis the civilized world over. In the typical business breakdown, wealth tends to become more concentrated than ever. Creditors get more of the national income; debtors and wageearners get less. Consumption of commodities declines, since buying power gravitates away from need and toward satiety. Those who need goods can not buy. Those who can buy have no need. To force exports, with no provision for payment in kind, seems to be the only way out. Our new deal seeks to promote com\mption more soundly. It directs purchasing power to those in need, by wage advances and al-

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leviations of debt. It lessens the need to force exports. It looks toward balancing production with consumption at home. tt tt tt TNCREASED consumption so promoted does not absorb every surplus. Boom wages would not melt our total cotton or wheat supply. Even at the 199 levels, we would still be in a jam. Better distributed purchasing power does tend, however, to create a larger demand. If we can not eat all our wheat or wear all our cotton, we can swap what we have left over for something that we want. A wageearner with purchasing power left over after his family has all the necessities, may want some luxuries from abroad. With the money he sends away in payment, a foreign customer may pay for some of our wheat or cotton. There is no more effective way to melt surpluses in any country than to put buying power in the hands of the people there. Our new deal method has great advantages in that it tends to simplify not only the domestic, but the foreign trade problem. Tomorrow: Can America Think the Problem Through?

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TRY A WANT AD IN THE TIMES. THEY WILL BRING RESULTS.

•MARCH 9, 1931