Indianapolis Times, Volume 46, Number 44, Indianapolis, Marion County, 2 July 1934 — Page 10

PAGE 10

Ihe Indianapolis Times k Kirr Hovuß[) Eirir*Ptßi ROT W. HOWARD Prealdent TALCOTT HOWELL Editor CARL D. BAKER B'iilhmi Manager Phon* RI ley Vißl

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MONDAY JULY 2 1514

TIME TO ACT ’IITHENEv'ER the brand of "Ponzi” is ™ ” placed upon an officer or officers of a defunct financial institution in Indianapolis, it is time that the citizens of this city and county expect immediate criminal prosecution. Granted, criminal prosecution will not remedy the alleged crimes in Indianapolis’ unsavory banking history. Granted such prosecution will not restore lost earnings, but at least it will assure the citizens who pay the bills every spring and fall that their public officials are attempting to maintain law - and order. Aivah J. Rucker, former prosecutor and -penal investigator in the collapse of the Washington Bank and Trust Company, Saturday filed in a Marion county court a series of charges that uncovered another chapter in Indianapolis banking. There is no need to go into the details of Mr. Ruckers report. His action was just another m the series of revelations which make the citizens shake their heads as though they have been dazed. And the worst part of it is that these allegations apparently have filtered through the fingers of prosecuting authorities. Mr. Rucker s report deals only with information he has been able to ascertain in his investigation. It does not deal with the years past when officers of this same institution sent their employes into the homes of Indianapolis with the plea that earnings be placed in the care of this institution. Mr. Ruckers report does not relate to you the hundreds of instances of human interest that were touched upon in these years and in the last days of this bank's life. He does not tell how depositors of the bank were laughed at the Saturday before the bank closed because they insisted on drawing out their deposits. He doesn't tell you of the scores who were heartbroken when this institution failed to open its doors r few days later. His report or the report of any other bank investigator does not bring to light the feelings of hundreds of other persons who were the victims of this and other banks which closed suddenly in Indianapolis. These facts will be written some day. But, in the meantime, there is a period for action. That action must come from the courts, the grand jury and the prosecuting authorities. Continual delay makes the situation worse. Will another case be written in the annals of Indiana's historv in which a bedraggled and overworked statute of limitations again will serve its purpose? WHITHER GERMANY? \ GREAT and tragic question-mark hangs over Europe. The future of Adolf Hitler of Germany, and. to no small degree, the entire old world con’inent. now is m the balance. For Hitler a showdown is fast approaching if. indeed, it is not already at hand. Germany and the waiting world soon will see whether they have to do with another Bismarck or a punctured balloon. The World war left the German people disillusioned. ruined, bitter. Succeeding governments did little to better their situation. Hitler made political capital out of the woes of the masses and rode to power on a wave of promises which no human being possibly could make good. Hitler, the Nazi fuhrer. was going to show everybody the way out. Germany he was going to restore to her place in the sun. He has not done these things. The factions among his followers are disappointed, sore. Extremists think he is weakening, backing down in the face of difficulties at home and abroad. Few are satisfied and many are in open or secret revolt. Over the week-end Hitler loosed a reign of terror. Many of his foes were killed. Others were handed revolvers and committed suicide. The monarchist. General Von Schleicher, and his wile were shot to death. Captain Roehm, radical left-winger, was executed summarily. Heinrich Klausmer. Catholic center leader, was slam by a trooper. By such methods of bloodshed and terror H’.t’.er may postpone the day of reckoning, but only potspone it. Now he either must suddenly develop qualities of statesmanship which few suspect him of possessing, and pull his country out of the most serious tailspm it has suffered since the war. else, sooner or later, he will lose his own head. Meanwhile. Europe practically is paralyzed by the German uncertainty. Until it clears up. the pace of the new armaments race may be accelerated, but to expect progress in any constructive direction is futile. FREE PLAY SPACE CITY officials have been asked to insure the establishment of a playground on the uorth side within the next year. To date the only answer has been that the city does not have the money to provide such recreational facilities this year, with absolutely no guarantee of what might come next year. With the early part of the summer passed, it seems that someone on the north side is missing a bet. As heavily populated as the north side is. there is no question but that there are vacant lots here and there. These j lots, surely, provide sufficient room for a few swings, slides and sand piles. Certainly these lots are owned by some one. And. if they are not being used for habitat ion or commercial purposes, why shouldn't they be turned over to the futttre generation for legitimate recreation? Th park board and recreation directors could not afford to turn down the offer of free play space. If such a tract were offered, it should be equipped and supervised.

STILL UNSOLVED VfARION county s May primary was a tangled mess. Not only was it a mess in the usual sense, but to this was added the apparent juggling of votes in Republican office contests. The retiring Marion county grand jury has recommended revision of the election laws to provide means to block such manipulations. Such recommendations are fine. But the grand jury has failed on two points. In the first place, the jurors fail.to find the violators of the election laws who managed to control this year s deal and, in the second place, they fail to produce any guaranty that the 1935 legislature, which, as usual, will be swamped with many bills, will heed the plea. Since the recent grand Jury failed to produce anything tangible, the responsibility of solving this spring's vote outrage rests squarely with Prosecutor Wilson and the incoming grand jury. THE PRESIDENT APPOINTS rpHE President, off on his deep-sea vacation, leaves behind him newly created agencies of government that are likely to have a profound influence on American affairs. Chief of these are the exchange and securities commission and the labor relations board. Through the first-named the government seeks to set up effective control over those finanrial institutions which are lumped together loosely under the name of Wall Street, thereby reversing a situation of long standing in which Wall Street has exercised such effective control over the government. Through the second-nampd, the government undertakes to substitute reason and fair dealing for lorre m the adjustment of differences between capital and labor. .In each case the President has named groups of men capable of doing their respective jobs. This is said without qualification in the case of the labor relations board, since the three men selected for him by Labor Secretary Perkins not only have excellent records of public service, but come to their new tasks solely by invitation of the government and with no interest to serve except the public s. We would be less than candid if we were to say the same concerning the exchange and securities commission, because it is necessary to qualify as to one man, the probable chairman. There is no point now in restating our misgivings as to Mr. Kennedy, with his background of stock market speculation; instead we wish to give him the full benefit of the doubt. It was said continually In his behalf, during the days when he was pressing his demand for this important appointment that he was through with speculation, through with playing with other people’s money, that he desired only an opportunity to serve his friend, the President, and he could and would turn his very intimate knowledge of high finance to that end. So be it. A commission four-fifths composed of Messrs. Landis, Matthews, Healy and Frcora is one in which the people can rest their faith. These are four men each with a record of expert and disinterested public service. And when Mr. Kennedy proves his case, then there will be five. * * • The old labor board and its retiring chairman, Senator Waener, deserve the praise heaped upon them by President Rooseielt and Secretary Perkins. They have done splendid senice in a difficult time. The new board, with its powers more clearly defined, should do even better. The three members, each an expert in the field of labor relations, are salaried, full-time, nonpartisan officials —an improvement over the clumsy bipartisan arrangement with its invitation to dissension and its undue burden on the impartial chairman. It has authority to investigate, hold labor elections, hear complaints of discharged employes and act as voluntary arbiter. It may propose establishment of new industrial and regional labor boards and review' their decisions if it deems necessary. Lloyd Garrison of the University of Wisconsin; Harry A. Mills, Chicago university, and Edwin S. Smith. Massachusetts labor commissioner, forming the new board, are experts picked by an expert. * • * The President also named the seven members of the new’ communications commission, which supplants the old radio commission and takes up the powers heretofore vested in the interstate commerce commission over telegraph and telephone. Os the seven only two men can be regarded as experts in public utility regulation—Chairman Sykes, coming from the old radio commission. and Paul A. Walker, chairman of the Oklahoma corporation commission. A third. Irvin Stuart, is experienced in industrial communications. The records of the others have to do with jobholding—including a governorship—politics, the drama, the law and journalism. However. these men have pretty big jobs to fill and some or all may grow to be big men in the process of filling them. BARREL-CHESTED BUNK OKINNY youths who aspire to the barrelchested bulk of a heavyweight wrestler might just as well forget all about it, says Dr. C. A. Harper, state health officer of Wisconsin. It looks impressive on the bathing beach, but it doesn't necessarily mean a thing. The barrel-chested man may be just as susceptible to tuberculosis or other pulmonary diseases as the flat-chested one. says the iconoclastic doctor. Lung space and expansion is important, but the man with a long thin chest may have just as much lung capacity as the one who looks like a pouter pigeon, and the thin-chest-ed fellow, if well proportioned and well nourished, may be just as strong as the big fellow. So there you are, and don't worry if you don't bulge. A Montreal physician says any one who w ishes could live 100 years. But when he gets there, he probably would wish he hadn't. The way to get Diilinger is to let him become an innocent bystander. Each kiss, says a scientist, shortens your life three minutes. Life may become shorter, but, oh, how much sweeter! A movement is on again ft - 3-cent coins, but why not let us first get a good look at a 59-cent dollar?

Liberal Viewpoint —Bi DR. HARBI’ ELMER BARNES

Editor'll Not*—This is the second of flv articles hr Harrr Elmer Barnes. Ph. D.. on the achievements and outlook of the New O eal after a rear of operation. a a a ONE can not judge fairly the merits of the Roosevelt program unless he sizes up clearly the magnitude of the problems which faced the President at the time of his inauguration. The American economy in March, 1933, well may be described as a first-class, high-priced motor car which had been driven from the close of the World war to Mr. Hoover's days at high speed without ever having been overhauled and with little or no attention to water or lubrication. By the fall of 1929, it had been so abused that it was a moot question whether it ever could be overhauled and made to run again or would have to be junked and replaced by some new stream-lined model, Fascist or Socialist. It is, or course, a wholly arbitrary matter to try to fix upon any specific number of “major evils” of the old-line capitalism. But certainly there were at least seven outstanding weaknesses of the old system, all of which helped to head it toward the ditch in the decade before 1929. These are: (1) The gross discrepancy between our material civilization and our institutions, and social thinking; (2) the rape of sound business in every field by predatory finance; (3) inadequate purchasing power on the part of the masses; (4) industrial anarchy w'hich ignored any passable adjustment between industrial production and consumptive capacity under existing purchasing power; (5) a stupendous debt burden; i6i a scandalous prevalence of crime and racketeering, far exceeding the situation in any other civilized country, and <7) the greaj finanrial burden of past wars and of armaments in anticipation of future wars. a a a IN our material civilization w r e already are model 1934, if not in some cases model 1935. e live in an age of skyscrapers, airplanes, radios, subways, automatic machinery and the like. At the same time, most .of the control which we have employed for this t: oe of civilization rarely date from anything more recent than the eighteenth century, and in some cases they come down from prehistoric times. Henry Clay would be utterly at sea in the face of our machinery, transportation systems and urban life, for example, but he could step into an American court and pick up the law and argument in almost any case at any point. He could discuss labor policies and tariff questions with American industrialists in terms which both would understand completely. We live in a civilization in which one of our feet is in an ox-cart and the other in a Ford trimotor airplane. The major development in capitalism in the twentieth century w'as the triumph of predatory finance over industry and productive business. As Ripley, Berle, Means and others have made clear, the holding company and its devices enabled a narrow clique of insiders to get control of our greater corporations through a relatively slight investment and the ownership of only a small minority of the stock. a a a FROM this time on it became more profitable for the insiders to rob a company than to operate it efficiently. The slogan of finance capitalism came to be: (1) Launch an enterprise when enough suckers can be found to gobble up the paper and water; (2) build expensively in order to make profits for affiliated construction companies; (3) run in an extravagant and incompetent fashion in order to make a receivership inevitable; (4) throw into receivership, get a friendly judge and steal the whole enterprise, leaving the original suckers (the investors) holding the bag. That this indictment is no exaggeration has been admitted by the foremost corporation lawyer of our generation. Capitalism can not be operated unless a sufficient quantity of goods can be sold at a reasonable profit. But such sales are possible only when there is a wide diffusion of adequate purchasing power on the part of American salaried classes, wage earners and farmers.

Capital Capers BY GEORGE ABELL

WASHINGTON'S distinguished visitor, Presi-dent-Elect Lopez of Colombia, W'rote a “hot” political speech dressed in his cool BVD's. In the middle of the speech, newspaper men entered the presidential suite at the Wardman Park and Lopez fled. Correspondents caught a fleeting glimpse of his excellency—who was not a bad figure, except for a slight paunch—as he speedily decamped. After dressing hastily, spectacled, slow-speak-ing Lopez answered political queries and explained the BVDs. “I was just working on my address for the Pan-American Union,” he said. Newsmen wanted a copy. “I must look it over and revise it,” said cautious Lopez. He was so cautious that the speech wasn't given out, although every newsman in the capital knew it by heart, and the context was flashed to Latin-America. Dr. Rowe director of the Pan-American Union, wanted to make the address public. Quickly, Lopez called up and said: “No. no! I want to look it over ... to revise it.” After delivery of the speech, another effort was made to give it out. “No, no . . . tomorrow,” said Lopez. This is what is called secret diplomacy. a a a SECRETARY OF STATE CORDELL HULL, white-flanneled and urbane, presided at the luncheon in the Pan-American Union when President-Elect Lopez, • delivered his famous speech. Flowers on the table formed the Colombian flag—blue, yellow and red. White Chilean wine was served. There was honevdew melon, jellied soup, chicken ala Lopez, asparagus Colombian style, fruits and ice cream. Later cigars and cigarets, but no liqueurs. Some excitement was caused when a photographer, coming close to the table, dropped an electric bulb. It grazed the elbow of Bolivian Minister Finot and crashed on the cloth in a tinkle of glass. “Your marksmanship is bad.” remarked a young diplomat to Minister Bordenave of Paraguay. That envoy laughed. a a a MOST colorful figure at the Pan-American luncheon was Ambassador Roa of Mexico. He wore a black and white striped coat, white flannels, a gay tie. “All you need is a bottle of black and white whisky,” whispered a friend, “and you could be in a pageant.” President-Elect Lopez wore brown and his minister, Don Fabio Lozano, tactfully followed suit—literally. Three diplomats—like the three Graces—clad in immaculate white, received his excellency at the front door. They were Ambassador Felipe Espil of Argentina. Minister Edwards of Chile and Minister Recinos of Guatemala. Absentees included the ambassador of Peru, who has gone to the mountains, and the new Brazilian charge d'affairs. who is waiting to present his credentials to President Roosevelt. W’e can live to be 200, says a French doctor, if we breathe properly. Hmm. We can live forever as long as we breathe at all. A hen fell into a well at Duncan, Okla., and floundered in deep water for two days until it was rescued. Then, most likely, it quacked its thanks. The world's strawberry crop is declining rapidly, says the British ministry of agriculture, but there never will be a lack of rasp- , berries.

THE INDIANAPOLIS TIMES

(Timet readers are invited to express their views in these columns. Make pour letters short, so all can have a chance, limit them to 250 words or less.) ana FELICITATES SISTER OF JOHN DILLINGER Bv a Times Subscriber. An open letter to Mrs. Audrey Hancock: Mrs. Hancock, I appreciate your letter to The Times Message Center. I would offer my sympathy to you. but you are a brave woman and you don't need the sympathy as much as the narrow-minded, illiterate persons who have criticised your every movement. Stick to your brother, John Dillinger, regardless of what any nosey gossip monger may say. He is your brother, and would do far more for you than any one else. At least, that is my opinion of him. As for Mrs. Callendar, I would trust her about as much as I would any nosey person. I would like to meet you, but you probably would think that I, too, am nosey, so I will wait, and wish you and John both the very best of luck. May he never be caught. tt n tt UPHOLDS AUTHENTICITY OF HISTORY IN BIBLE By B. B. Green, a pastor. To Mr. Cummings and others who question the authority of the Scriptures, I know you “have not bothered to find out.” Strange that you know the Egyptians of 4.000 years ago so well and Bible characters or prophecy not at all. The Bible history is of greater antiquity than any other record, but where secular history begins it supports and proves the Bible record and prophecies. Could any reasonable mind suppose Moses could have persuaded the Israelites they had passed through the Red sea if they had not known it to be true? Bible reference to God’s dealings with its characters never ■waited centuries to impose some “cooked up fable, ’ as modern guessers are doing, but it was to eye witnesses, “ye yourselves know.” The Jewish and Christian services today show' the institutions of the prophets and no man can fix their origin otherwise. You state Adam was not the first man. Equivalent to a man was not the first man. What was? Then you reason since Adam was not the first there was no transgression and I no need of a redeemer. Know any- | thing of sin?- When did it begin? | You say the fable of a redeemer | was cooked up during the dark ages I —450 to 1050 (year of our Lord) a latitude of 600 years is about as definite as I ever knew you fellows to be. If you had known Jewish and Roman history you would not have been betrayed into your absurd statement. If you knew Josephus <37 years A. D.) f you must accept Bible characters * including the Nazaren and Christians of the first century. If you accept the Roman rulers of the first century you can not reject their contact w'ith Christ or Christians. Tacitus, a Roman historian, 54 A. D., pronounced by unanimous. voice of his contemporaries and of ; posterity a master historian, wrote: ' “To divert suspicion from himself j Nero inflicted the most exquisite j tortures on those known as Chris-! tians. They derived their name and origin from Christ, who in the reign of Tebinuis had suffered death by the proctator, Pontius Pilate.” Could Tacitus, consul under Nerva, in the first centurv get by with a Santa Claus Christ, when,,

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r I P IV/T cun ( OT'vf’OT* [ 1 wholly disapprove of what you say and will I -A AAC i-VX VjCIIlvl defend to the death your right to say it. — Voltaire. J

WEIGHED AND FOUND WANTING

Crime News and Influence on Boys

Bv F. Vernon Smith. You have an opportunity to right some of the wrongs the newspapers of this country have done by pushing an honest-to-goodness fight for the divorcing of politics and penal institutions. I organized tw’o clubs at the Indiana Boys’ school as leisure time projects, and you would be surprised at the number of boys who got their start in crime from your sheet and others like it. You must put yourself in a boy’s place. Don’t analyze your crime new's from the point of a grown-up, but an altogether different viewpoint. A boy is impulsive, quick to act and thoughtless, where a grown person w'ould “the fable was not cooked up until the dark ages?” It seems the cooking of fables and “the darkest ignorance,” is not all in the past. n tt u PAINTS DARK PICTURE OF ECONOMIC FUTURE. By L. R. As an enthusiastic Times reader I have read with interest the service station attendant’s letters in the Message Center. If a large corporation continuously issues new’ stock to its employes after a certain period of employment; if the -lready too large number of stockholders continues to cry for big dividends; if competition for that company becomes yearly more and more intense, who will make finally these dividends and how? The working man has no rosy path ahead. tt tt tt CHALLENGES CRITICS TO SURPASS BIBLE By G. J. C. I noted in this column a critic doesn't like the story of Jonah and the whale. Well, God said He prepared a big fish and no critic ever did or ever wall change God's plan. I think these critics are foolish for not writing another book that can equal the Bible, for it is the best seller among books and the critic could certainly go well heeled through the depression. Prophets foretold the coming of the airplane and said horses would fly like eagles. God knew man w’ould invent engines and would fly. tt tt a CONDEMNS PRACTICE OF SELLING ACCOUNTS By I'm Stuck. Several Indianapolis business concerns. among them some of the oldest in the city, are resorting to what seems to me a practice of doubtful merit. I am referring to sale of accounts to finance companies which tack on “carrying charges” in exorbitant amounts, adding to the troubles of those who with lessened incomes already are having a hard enough time in meeting their obligations. There are instances where patrons of good stores have enjoyed cordial relations with the merchants over long periods who are becoming disgusted with 'the sale of accounts, and not little part of that disgust is being directed at the stores. tt a a BILL COLLECTION BY EMPLOYERS OPPOSED By a Debtor. “A Small Merchant” complains that some public employes are dead beats and urges that boards controlling such employes should see, to it that bills are paid. Employers never should use their' pow er over workers to operate a col- j lecuon agency. If a man does his

think, go slowly and act accordingly. Dr. Dill, at the Indiana Boys’ school, is a wonderful leader and worker, but the Democratic appointees w’ho really have the boys under their care are about as fit to have charge of boys as I am to run an editorial page. He can’t help it. Most of these boys come from orphanages, broken homes and the poorer districts. There is the place to start a crime war, not after some dumb political judge sends a boy up the stepladder of crime. You can do it. Give some facts and curtail painting crime. work in the right manner, is punctual and otherwise a good employe, he is under no further obligation to the employer. What the worker does away from the job is nobody's business but his owm. After all, the merchant extends credit with a view to making money. If he makes a poor choice, that's his bad luck. a tt a “WOMEN’S RIGHTS” WAIL BELITTLED By a Husband. W. B. Hawkins’ recent letter about the feminine wail for equal rights contains many good points. Too many women want equality in taking men’s jobs, usually at less pay, but otherwise they expect the same old gallantry from the males. Back in the days when the equal rights campaign was just getting under w r ay, a man, discussing the custom of giving up street car seats to women, said: “They want equal rights. Let ’em stand up and enjoy them.” The career craze, which takes women from their homes, their husbands and children to dabble in some useless activity, probably will end some day, just like short skirts went out of fashion. To say that woman’s place is in the home immediately brings the cry of “old fashioned.” But there are quite a few old fashioned ideas that are pretty good—like two and two make four. it tt a DOUBTS MERIT OF DRIVE ON MOVIES By Broad Minded Citizen. Doubtless some motion pictures go rather far along sex lines, but; the church campaign for a clean up smacks rather strongly of the theory that hiding truths is the way to morality. From more than one reliable source come statements that modern youth, despite motion pictures, automobiles and liquor, is no w’orse than the youth of any other times. Youth today is merely less hypocritical. It discusses frankly topics which a generation ago it was not supposed to know anything about, but usually knew plenty. a a o DILLINGER SEEMS TOO GOOD FOR THE BOYS By Time* Subscriber. John Dillinger, w f e see, is blamed for another robbery and effhpr he or a member of his gang is blamed for another killing. If all these charges against Dillinger are true : and if all the police in the nation are looking for him, then why hasn’t he been captured? It seems to the layman as though there must be some horrible collapse of our law enforcement staff when one “wandering runt,” as M. E, Tracy says,

JULY 2, 1034

can place a nation in consternation. Surely Diilinger has a hiding out place. If he committed the crime in South Bend Saturday, then he had some nearby place to conceal himself. Is he so successful in finding and using hiding out places that some member of this vast law army can not locate him? If he is, then it is time for the state of Indiana and United States of America to revise the codes and systems of law enforcement. a a a WARNS AGAINST IMPROPER USE OF FIREWORKS By a Reader. With the annual Fourth of July celebration coming again Wednesday, let Indianapolis hope that its toll of casualties will be reduced far more than in years gone by. Every year the mothers and fathers of this city have hod to endure the experiences of seeing their children injured. I hope that the police will continue their drive to keep children from buying and using fireworks until the very last minute. It will be well for parents to stress the dangerousness of the explosives on the youngsters, so a holiday will not be one of tragedy or bad luck. a a a AUTO DRIVERS SHOULD UNDERGO EXAMINATION By J. T. S. Despite the warnings of police and the newspapers, automobile accidents in Indianapolis and Marion county continue. Several years ago the police conducted safety tests in various parts of the city, at least determining from these the perfections or imperfections of the mechanical devices the driver had in control. It would be well to repeat that performance again, I think, and it would be well for the next legislature to pass some laws that would require drivers to pass physical and mental tests. The most perfect automobile is nothing but a tool of death in the hands of a moron.

Lovely Annie

BY ALYS WACHSTETTER Lovely Annie was a woodcolt child, With glittering eyes and black hair wild. Never knew her father and her mother died. She was left alone to roam the hillside. Some folks said she had an evil charm. And wouldn't let her near, afraid she'd do them harm. Said they, “Child enchanted, child of sin, Our doors are closed, you can't comß in.” One still summer night, from over the dale I faintly heard her solitary wail. I was distressed for her lonely sou!, And went to see her in a friendly role. I came to her wood hut, a visit s o pay. In some odd manner she witchtd my heart away. Now I long for Annie, and her lips like wine, She has cast her spell in this blood of mine . . . Forever, I must follow after a burning in my breast, Till lam loved by her, I shall hav no rest.