Indianapolis Times, Volume 45, Number 313, Indianapolis, Marion County, 11 May 1934 — Page 22
PAGE 22
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'•; • aM Gtt> Ught and tha People Will Find Thiir Own Wap
FRIDAY. MAY 11. 1934 RAILROAD PROFITS STATISTICS and indices are sometimes dull, hard to understand. But this isn't so when the railroads, through their own bureau of railway economics, announce that the net operating income of Class 1 carriers for the first quarter of this year was more than three times that of the same period last year. Such figures can be appreciated; for when trains move with paying cargo, someone is buying, someone selling. Among the first to suffer in a depression, railroads are among the first to come back as business improves. Their managements demonstrated their faith in the current “come back” by returning to their workers the 10 per cent sacrifice they demanded many months ago. Now. if the railroads fortify their position by co-operating with the President’s special cabinet commission that is studying ways of reducing their fixed charges and financial superstructures; if they actually bring about these reductions, neither the carriers nor the country need despair for the future of the railroad industry. SAVE OUR HONOR* 'T'HE revenue act signed yesterday by President Roosevelt is in many respects a good one. It closes loopholes, slices a little deeper into large inheritances and incomes, provides a little more revenue. But it sacrifices millions in needed revenue by reducing taxes on incomes of less than $30,000 a year—which means that it lowers the taxes of 98 per cent of all income taxpayers. Persons fortunate enough to have taxable incomes in this ppriod of distress do not need income tax relief. They did not ask for it. And the granting of it by an election-con-scious congress was unintelligent in face of the government's stupendous debt and in face of the additional billions the government will have to spend taking care of the unemployed. Nor can It be overlooked that the President's signature to the revenue act is a seal placed on a broken pledge. The President realizes this. He is sending to congress a request that the pledge be mended, that congress reaffirm its promise to the Philippine islands by repealing the cocoanut oil tax section of the act. Congress hardly can refuse to do this if it is mindful of our honor as a nation.
THE CLASS OF ’34 T T APPIER days may be ahead for the 160,000 young men and women emerging from the campus this spring. Out of nine college editors reporting to the Literary Digest eight found conditions much brighter, only one found them ‘•gloomy.” New hope lies in the general business pickup, in a tendency of industry to select trained young people, in a call, still faint, from cities, states and federal government for experts to help pull them from the muddles left by politicians. The federal emergency relief administration has helped 70,000 students through the last year, and, doubtless, will continue to aid students next winter. Another silver glint will be found in commencement addresses largely debunked by the stern disillusionments of the depression. The picture is far from rosy. Poverty has slammed the door of college education in the face of thousands The federal office of education estimates 250.000 fewer college students this year than normally. And at least 15 per cent of college graduates are jobless. The professions are overcrowded. Many a college man is working in the CCC or wanders aimlessly through transient camps. America is not a hospitable place as yet. Yet who will pity the class of ’34? Theirs Is a war class. The times call them to war on war, on poverty and want, on greed and injustice and insecurity. Tough as it is. the world is their oyster. DEMOCRACY'S ESSENTIALS “TN his inaugural address Mr. Roosevelt 1 said: ’We do not distrust the future of essential democracy.’ If the social discipline which he proposes is to be based upon consent rather than force, its relation to what is essential in democracy must be defined. The definition can not be long postponed/'—Virginia Quarterly Review. To find out what is essential to democracy, we first should consider what is not. It is not essential to democracy that an executive be weak. It is not essential that there be discussion by a legislative body when immediate action by an executive is demanded for the public good. Several hundred men in the Capitol are not necessarily more representative of the people than one man in the White House; it depends on who the men are and who the man is. It is not essential to democracy that the people select a vast number of public officials at the polls if they can obtain officials of higher qualifications by electing just a few men who, in turn, appoint others on a basis Os merit. The patronage system is not essential to democracy; it impedes its successful functioning. Public questions will be decided better if men take part in politics with no possibility of being rewarded with jobs or favors for themselves or their friends and relatives. The Whole bundle of practices which we in America know as “politics’' is not only not essential to democracy but has been a burden which democracy has carried with difficulty. What is essential to democracy is that government know itself to be responsible to the whole people for its policies and acts, and that the government be accountable to this people at free and fair elections, Govem-
ment must reflect the views of the majority as to what is good for the whole. Such a government has a right to demand the greatest sacrifices of material things and freedom of action from a dissenting minority with this proviso: That the minority at all times have the fullest and freest right to appeal to the majority, and the government representing that majority, in an effort to change the dominant policy to one of the minority's liking. In a planned society there must be limits to an individual's or a group's right to do as they please, but there need not and must not be any limit to the individual’s or group's right to say what they please. The greatest essential of democracy is free speech and free press. There must be light and lots of it if the people are to find theiw own way in a changing world. As we see the new deal, it has not weakened, but has strengthened, the essentials of democracy.
RELIEF IS FIRST TTARRY HOPKINS’ warning that the fed- •*- eral government may have to spend billions of dollars more than it has spent for unemployment relief and public works projects is a sharp warning that one of the most important jobs of the new deal is a long way from being finished. Whatever else the present administration may seek to do, and however widely its various policies may be criticised, there is one point on which all hands are agreed. People who can't get work are not going to suffer from hunger, cold, and homelessness any longer. So far the federal administration has spent $1,500,000,000 on unemployment relief. Relief Administrator Harry Hopkins was given $950,000,000 this spring to carry him through the summer; but it is going fast, and there is every indication that it is not going to be enough. For there is one disturbing fact in connection with the recovery program. Unemployment may be shrinking, and pay rolls may be going up; but there are today some 4,700,000 people on federal relief rolls, as compared with 4,500.000 a year ago. In other words, an increasing number of jobless people, unable to date to hook themselves up with jobs, have come to the end of their resources and are obliged to turn to Uncle Sam. In spite of business improvement, Uncle Sam is directly supporting more people now than he was supporting a year ago. There is no reason to believe that the present rate of revival will materially reduce the number in the immediate future. This brings us up against the key factor in the whole equation. Back of all our talk about codes, reform fheasures, monetary policies, and the like there is this large, solid, and interesting body of people who will starve if the government doesn't provide them with food and shelter. They must be taken care of. because while the job of caring for them is expensive, it isn't half so expensive as cutting them off the relief rolls would be. The pressure which this fact may exert on any recovery pftgram is not a thing to be overlooked. No estimate of the new deal’s accomplishments and no forecast of its future course will be worth much if the presence of these 4,700,000 on the relief rolls is overlooked.
CONSUMER CREDIT TJASSAGE by the senate of the Sheppard bill, providing for federal charters to credit unions, will be hailed as an important step in the campaign to expand these “baby banks” into a national system. The credit union movement has grown spectacularly and far beyond the experimental stage in the United States. Today there are 2,350 credit unions in thirty-eight states and the District of Columbia. Their membership totals more than a half million wage and salary workers, farmers and small business men. Their combined resources approximate $65,000,000. Although managed by the humble folk they serve, it is noteworthy that there has not been a voluntary liquidation of a credit union during the depression. Only a half dozen have asked relief from the RFC. Credit unions mean much to the small saver and borrower. Denied bank credit, he easily becomes prey to loan sharks who do not scruple to charge interest rates as high as 100 per cent a year. A national system of federally-chartered credit unions should mean much to the nation's larger economy. Through such a system millions of credit could be turned into buying power, thrift would be encouraged and a back-log laid against future depressions. PRODIGAL'S RETURN OAMUEL INSULLS return to, America makes a queer spectacle—a blending of the return of the prodigal son, the arrival at the jailhouse of a fugitive coiner, and the advent of the captain back from the wars. The issues at stake in his indictment, his flight, his arrest, and his approaching trial are being overshadowed by the projection of his own personality. The whole affair is being dramatized, and it is being dramatized in the wrong way—as the case of one individual, not the case of a system. For this trial ought to do more than simply tell us what kind of man Insull himself was, in the days when he was mighty. It can tell us what kind of country we were in those days, what sort of economic system we lived bv, and how power was gained and used. If we concentrate too much on the personality involved, we are apt to miss an important lesson. Bonus marchers again are converging on Washington. Good news. They’ll make congress quit sooner than any other army of lobbyists could. A man in Alabama forgot he had $3,000 in the bank. Lots of others elsewhere might as well forget it. Chaperoned girls don’t make good wives, says the president of Wheaton college. Maybe that's why the girls in Hollywood are such failures. Pennsylvania has cut the price of liquor to beat the bootlegger, but the bootlegger will cut both price and liquor.
Liberal Viewpoint —By DR HARRY ELMER BARNES '
T'HE popular film on the “House of Rothschild” in which George Arliss now is appearing, is not only an uncommonly good piece oi acting but also possesses remarkable educational significance. It exposes the old jealousy of, and against, the Jews which has been revived in even more intense form under Herr Hitler. Moreover, it shows that money ruled during a past historic epoch as it does in our own day. Professor Shotwell once remarked that the wars against Napoleon were won in the textile factories of Manchester and the iron mills of Birmingham as well as on the battle fields of Russia, Spain, Germany and Belgium. This is a profoundly true and illuminating remark, but this film also emphasizes the very effective role played by the financiers on the Paris and London exchanges. The film version of Rothschild history is in reasonable accord with the actual historical facts and is remarkably accurate for a movie scenario. Those who are interested in the place of the Rothschild family in modern history have at their disposal the exceedingly interesting and general reliable account of the genesis of this remarkable financial family by Count Egon Corti, “The Rise of the House of Rothschild.” nun THE House of Rothschild attained little financial significance until the opening of the nineteenth century. It was founded by Mayer Rothschild (1743-1812), a life-long resident of Frankfort. During the Napoleonic wars the Rothschilds raised what was then the colossal sum of more than a half of a billion dollars, nearly half of which went to England and less than a quarter of it to Napoleon. The critical year in the establishment of the international repute of the Rothschilds came in 1813 during the desperate struggle of the allies to curb Napoleon. The financial aid given by the Rothschilds proved of critical significance to the allies and conferred upon the great banking house unprecedented prestige. But lucky breaks of history were not all that helped to make the House of Rothschild great. The restraint and integrity of their financial dealings was the outstanding element in the growth of their reputation. They had an iron-clad rule to act only in concert—all matter were laid in full before all partners and decided openly. They refused to back dubious and highly speculative enterprises and rested content with reasonable profits. They never lent their aid or approval to wild semi-gambling activities such as characterized the bubbles of the eighteenth century and the organized security gambling of the twentieth century in the United States. They endeavored to establish a reputation for fair dealing with both competitors and clients, though never giving any hypocritical impression of being in business for charity. n tt u ANOTHER outstanding trait was that of punctuality in their financial operations. The courier system of the Rothschilds provided the fastest communication known before the days of the telegraph. The integrity and efficiency of the firm bore fruit'in 1848 when the concern was'able to weather colossal losses. important though the House of Rothschild may have been, its financial strength never approached faintly that of the great House of Morgan in our own day. For sheer financial resources and strength, the financial and industrial empire controlled by the Rothschilds is trivial compared to that under the dominion of the Morgan firm. Count Corti deals with paltry figures, stated in monetary and industrial terms, compared with those presented by Lewis Corey in his “House of Morgan.” It is unfortunate that not as much can be said for the relative financial ethics of the Rothschilds and the great moguls of finance in our land today. If the latter had followed the Ideals and practices of the Rothschilds, we would have been saved much of the disaster which has come to us in the last quarter of a century and has overwhelmed us like an avalanche since 1929. The Rothchilds steered clear of the virus Insullism.
Capital Capers .. BY GEORGE ABELL"——
ORNAMENTED with the Order of the Star of Calderon and a pearl and diamond scarfpin, hospitable Minister Colon Eloy Alfaro of Ecuador entertained in Washington recently at a large luncheon in honor of the retiring Ambassador of Brazil and Mme. de Lima e Silva. The luncheon table in the Pan-American room of the Mayflower twinkled with gay spring flowers, tall red. blue and yellow tapers, and red. blue and yellow peppermints. "Ah. the national flag of Equador! enthused a guest. t Minister Alfaro was pleased with the thoughtfulness of a capable maitre d'hotel. When he arrived in Washington, the manager of his hotel presented a little note inquiring on what day the national flag of Ecuador should be flown. “Pichincha day!” proudly replied Captain Alfaro, recalling the memorable battle for independence in 1822. “What day?” asked the puzzled manager. “May 24.” said Alfaro: As gracious gesture, the management provided Ecuadorean flags of candy, candles and canapes. If the orchestra had played the Ecuadorean national hymn. “O Salve Patria,” the apotheosis would have been realized. a a a PHILOSOPHIC, easy-going BUI Culbertson, former ambassador to Chile, sat at the Ecuadorean fete next to Mrs. Thatcher, wife of the first American governor of the Panama Canal Zone. “And what are you doing these days, Mr. Ambassador?” she inquired gushingly. “A political post of some kind?” “Madame.” responded imperturbable Culbertson, “I am not a candidate for anything.” a a a TITIAN-HAIRED, soulful-eyed Mme. de Lima e Silva, who loves animals and has a charming way of saying charming things, sipped a Quito cocktail and talked about her dogs. She is sailing on the Holland-American line steamer Staatendam with her pets and taking them into her stateroom. English boats are rough on dogs, no matter how dalm the ocean. Dogs go in the hole and canine lovers can't tolerate that. The French and the Dutch companies hold a more sophisticated viewpoint. Dogs in the cabin and no questions asked. Furthermore, all dogs go into quarantine in merry England, a contingency which has several Washington dog fanciers figuratively by the ears. a a a NOTE—Baroness de Cartier de Marchienne, wife of the former Belgian ambassador to Washington, smuggled Toto, her pet Dobbermann Pinscher, into England via a complaisant steward and a picnic hamper. Stupefied British officials were brushed aside with the announcement that Toto enjoyed diplomatic immunity, Baron de Cartier having been appointed ambassador to the Court of St. James. a a a MRS. ALMA BRITTEN, wife of the Illinois congressman. “Frederick the Great,” appeared at the Ecuador party swathed in furs and wearing a pink American Beauty rose. “Your cheeks are as pink as the flower,” complimented an admirer. “Is my face red?” retorted Mrs. Britten. Test tube babies, says Sir Arbuthnot Lane, famous London surgeon, will produce a more vigorous race. But with no fathers to gloat over them!
THE INDIANAPOLIS TIMES
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The Message Center
(Times readers are invited to express their views in these columns. Make your letters short, so all can have a chance. Limit them to 25 0 words or less.) a a a OLD TIME PROSPERITY SENT TO SCRAP HEAP By H. C. A. In an editorial recently, under the caption of “Sign of Premise,” you discuss the possibility of a business revival as a consequence of increased wages. You continued: “In spite of all that has been said, it is not yet entirely clear just how much increased consumer buying power can do to restore prosperity.” In my opinion it is clear that improved buying power will have a somewhat beneficial effect, but there is a difference between increased wages and increased buying power. It is this trifle of a thing called profits, which accounts for that difference. As Ruth Finney says in the same issue of your paper, speaking of the troubles awaiting the President: “There are, of course, the chronic NRA problems—prices that persist in rising faster than wages—mounting profits which have caused labor to renew its demand for shorter hours and higher wages.” There are rosy reports in the papers these days—reports of increased sales, But the sales are measured in dollars only. If they had been expressed in pounds and gallons the reverse would have been the case. Asa matter of fact, in spite of slightly increased wages, the buying power is lower than ever. But this only answers half of the question. Suppose we actually should experience increased buying power, which, of course, would have to come at the expense of profits. Such a thing could never be the result of a voluntary agreement. Suppose the government should enforce lower profits, would that solve our problem? By no means. Half of the nation’s business would bo thrown into bankruptcy, resulting in twenty millions unemployed instead of the present twelve millions. It is about time for the average man to wake up, and to understand the simple economic truth that capitalism is only possible in periods of expansion. Anybody who thinks that such a period is on its way is more than an incurable optimist. ; He is a believer in miracles. a a a TRACKLESS TROLLEY SERVICE DEFENDED By • Trarkless Trolley Operator. I wish to reply to T. F. Glass’ j statement about the trackless trolley cars. He says the cars travel on streets that the taxpayers keep up. In- ; dianapolis Railways, Inc., pays as much tax as any firm in the city. As far as licenses are copecrned, these cars can not go on all streets as do busses and automobiles. They have a certain amount of space to operate in. Indianapolis Railways pays its part on the improvement of the streets. The operators of these cars are not bus drivers. If Mr. Glass ! only will use half of the precaution the operator does to avoid getting in a trap, as he states, he would not have any kick coming when he drives on these ctreets. a a a DII.LINGER BESTS U. S. ARMY, TOO By William Pickens. It seems that the United State* army is just as efficient at hunting bandits as it is at flying the mails. Perhaps if the job were turned over to some backwoods constable, he j might actually take Dillinger alive, j There is plenty of medodrama but poor military tactics in assaulting : Dillinger in his strongholds and be-
THE CLASS OF ’34
Brand Radio Critic Narrow Mhided
Ey H. R. Farnum. • I have read some of the letters in this column with a great deal of interest during the past few weeks. I would like to offer some advice and a few replies. First, the advice. In cases where there is any question I would suggest that you require your contributors to add junior or senior to their names for sake of identification. In one specific instance, namely the two recent articles by Edward E. Mittman, such information was lacking. I know the family, and I do not believe that the father is capable of such lack of knowledge, althought I can not say as much for
hind his machine guns. Scotland Yard would have waited until Dillinger went to sleep or got drunk. What will be the situation ‘at the front” by the time this letter reaches print, no man can guess, but the latest news indicates that General Dillinger and his small army of four or five pals still have an edge on the United States army and the Minnesota national guard combined. This is a war of one man against the combined power of 120 millions. So far the 120 millions have been the losers in every skirmish, getting the worst of the fray in dead and wounded and in booty. Beginning his remarkable series of attacks with a wooden pistol against machine guns, General Dillinger is still winning out by turning automatics and machine guns against rifles and artillery. It won't be long now'. Something is bound to happen soon. Before we get to print Dillinger will either be captured or killed —or still at large —most likely he will be dead anyway, for if all those detectives; police, militia and regular troops do not succeed in getting him, they will worry and work him to death killing them. a a a “PAN” SIZZLES FOR STATE NRA CHIEFS By F. B. It certainly is remarkable how brave our local police department is—strong, brave men who know not the meaning of fear. Why, it is positively unbelievable the way they have handled helpless citizens around the Real Silk mills—cruel, menacing men and women armed to the teeth with a stout heart and voice of constitutional justice, demanding their rights. We also must not forget our state NRA representatives, devoted men who stand firmly behind our President—so far behind they can not see him. These men chosen to establish the NRA have established themselves instead. The only time any citizen hears about them is when they attend a banquet and “blow' off.” Leave politics out of our police department. Rank a person according to his ability, not politically. The biggest parasite in labor is the “scab.” Medical science ought to find a way to rid progressing industry and labor stabilization of this menace. Don't forget if you want to glimpse brave policemen take a trip to Real Silk: and if you want to make a complaint and get results, just try the state NRA. Just ke'ep trying, if you fail. a a a CALLED AGITATORS BUSINESSS BUILDERS By a Union Attendant. We would like to know who the Associated Business Builders are. Can they call themselves anything else but paid agitators? They certainly are paying big money for ad-
1 wholly disapprove of what you say and wilt defend to the death your right to say it — Voltaire.
the son who is only a high school pupil. In Mr. Mittman’s first article he criticised the humor of one of the radio programs to which he had listened. I do not wish to defend all radio programs as being decent in their entirety but I do believe that they are sufficiently pure to satisfy any one but the most narrowminded who are eternally seeking some matter about which they may raise a fuss and thus place themselves in the eye of some sort of a public, at least momentarily. It seems rather inconsistent that if Mr. Mittman seeks to live in as decent a manner as he intimated that he should find such difficulty in resisting listening to programs of which he disapproves.
| vertisement In newspapers to agitate the public against the laboring man. We simply are trying to organize and defy and Associate Business Builders to find an outside paid organizer or agitator in our union. a a a CHARGES POLICE ATTACK LACKED JUSTIFICATION By a Constant Reader. As I was leaving this city on the 5:30 Anderson interurban car I saw an act which causes more hatred toward the city and law forces than any one thing. An Indianapolis officer, in company wuth two others, was following several young fellows west on Massachusetts avenue at the alley east of East street. Without warning one officer pushed a young man weighing about 120 pounds in the back of the head and then struck him with his club. As I see the law, if a man violates it enough to be punished the officer is paid to bring or send this violator to court where a learned man has the right to say to what extent the violation should be punished. I do not believe any one has the right to beat another on the head with a club unless in self-defense. I am not in the Real Silk strike either way. If the police take such brutal measures, how do they expect to be respected? This act seemed to please other officers, each weighing 200 pounds or more and supposed to be human. I will gladly appear at The Times office or in police court and make further statements regarding this case. There are several others that were on this car that will do the same. a a a URGES LESS PROMINENCE FOR CRIME NEWS By Butler Criminology Class. An appalling crime situation exists today. There is much that the newspapers can do to better this situation. Therefore, we suggest: First, that crime news be given less prominence in the local papers.! The justification usually advanced by the newspapers is that they merely give the public what it wants. In a- great measure, the newspapers create the very w'ants which they claim to satisfy. News of greater value is sensational. Second, that the news of John Dillinger’s activities removed from the headlines and relegated to , the inner sections of the paper. The attempt of the newspapers to man- j ufacture news by ascribing to him every hold-up and bank robbery' in the country is an absurdity which the public should not be expected to swallow. Third, that the romantic style of crime write-ups be modified. The way crime news now is written doubtless makes heroes of criminals in the minds of our youth and encourages crime among their groups. Even adults find suggestion and encouragement to evade law and otfier
MAY 11, 1934
in the crime columns. The criminal himself feels superior and selfsatisfied when he reads the accounts of his exploits. We believe that if the newspapers will place less emphasis upon crime news in general and Dillinger in particular, and at the same time discard the romantic style of writing much will be done to lessen crime. a a a PLEAS. HE SAYS YOU LACK TECHNIQUE By Walter Windshield. Pleas Greenlee just doesn't have any technique. He might take a tip from Adolph Hitler, who, according to the London Herald, has his opponents’ votes voided and thrown out. This happens continually in the elections of workers’ representatives in the factories where Adolnh’s slates usually lose, but the bosses count nothing but votes for Adolph's henchmen. It is rumored that Governor McNutt may' spend the w'eek end in Indiana. He is much in demand on the Chautauqua circuits, and, you know, one must not let official duties interfere w r ith one’s ambitions. He still thinks he would make a handsome President. It is a rank injustice to give the Indianapolis Athletic Club only 75 per cent exemption on taxes. Since the big Democrats have moved in there, the club has become an educational institution. Education is a great thing—take it from the citizen who borrowed money to pay taxes.
So They Say
I will support President Roosevelt whenever I think he is right United tSates Senator David A. Reed of Pennsylvania. Spoiled children grow up looking only for spoiling. The hated child is as bad off. Dr. Alfred Adler, Viennese psychologist. The ideas back of restoration ara new to us older men. yet we are willing to go along and do our part in effecting better times. —Charle M. Schwab. It will need more than a brain trust to turn the United States communistic.—Samuel Insull. The sorry fact is that the average congressman is entirely willing to buy votes so long as he can compound the felony by doing it with somebody else’s money. Professor Edwin S. Corwin of Princeton. There are a lot of crackpots on earth who like war—any kind of war. But I'm not one of them.— Major-General Smedley D. Butler.
WATCHING
BY ALYS WACHSTETTER I sit in my little house Quietly all day, I sit by the window To watch you pass this way. My table grows dusty, There are papers on the floor. But I look out with eager eyes For you to pass my door. Up the road you’re coming, I feel my throat throb, I long intensely To have you turn my knob, But you pass by me blithely And never look in, Preoccupied, and unaware I love you like sin. I sit in my little house Quietly all night. Wishing that my candle flame Would be your beacon light.
