Indianapolis Times, Volume 46, Number 71, Indianapolis, Marion County, 2 August 1934 — Page 13

It Seernf to Me HEWOOD BROUN XJEW YORK Auk 2 —ln the days of the old bull market I was a plunger. Often I had ten shares of this and another ten shares of that. Once I owned fifty shares in a gold mine. Then came the panic. I tan not say that I was ruined by this catastrophe betaine with fear and trembling I .sold fifteen snares of a motor stock short and finished e\en on the blackest of the Fridays. All that I am seeking i. to establish that my background justifies me n ;ng that I am familiar with the psychology

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Hr 1 wood Broun

lerisf* of the reliable agencies and yet it will flutter like a fugitive leaf in the face of any rumor. I might add that even if the false report were true it reems to be unfortunately so that a European war would hardly be a bear argument. When I tint went into the marts of trade I was iir.pre r>d by the shrewdness of the professional tiaders I felt like a freshman approaching his matriculating faro bank. And like all novices I was quukW impreved by the curious fact that when "ooc comes out stock l - go down and that upon o. ■ >'ers there is a rise in security prices. Os course I nr- isn't line any more. Now stocks sell ofT on good news and on bad n* ws stocks sell off. MSB The II n i/s of lhe H iss Men II T I am referring to the conditions which ob- ** lamed before the autumn of 1929. When I mentioned mv puzzlement to a veteran he smiled lndulgentlv and aid. ‘ You .see. mv lad. Wall Street is a world barometer. E\en before the statesmen hue acted or spoken Wall Street knows. When good new breaks it is nothine more than the confirmation cf what Wall Street alreadv had guessed six months before. And as lor disasters and crises, these, too. were in the mind of the wise men of finance lone before they came into being ” Artd at thu- point nn tutor pau.-ed and raised his voice and his nght hand fer dramatic effect. "Mv boy." he declaimed. Wall Street marches on and it is always at least a year ahead of the procession.” We did not meet again until Blark Friday at which time my instructor seemed extremely woeb* gone. He was. if that were possible, even more tragic in appearance than the other frightened customers in the office. “They may think they have a light to kick." lie said, but after all they lost their money in rats and dogs. I am going down with giltedged stocks.” He spoke much as if he were the captain of an ocean liner. Seemingly he would rather be immersed with United States Steel and American Telephone than desert his position on the bridge as the last of the embattled bulls. I didn’t think his plight was funny. I don’t think so r\en now. but lor the first time I developed a ion that (tie airs which many of the speculators assume are wholly spurious. My friend pretended not to be much disturbed by the selling wave. At the proper time." he explained, “they will come in and sa\e the situation. They can't afford to let the whole setup go biooey.” And there were main- others around the offirp who seemed equally ure that “the\ would do something about it. Nobody ever told me just which people constituted this litt'e group known as “thev.” It isn't eery important her m-r "thr\ never lived up to expectations. The market did go blooey. aaa Just n dome. After Atl I CAN NOT say that alter this event my respect for Wall Street judgment departed utterly. Asa matter of fact in the closing years of the Hoover administration I was warmly convinced that the boys knew a great <il and had a surprising gift for expressing themselves. Mr. Hoover made a number cf cheer up speeches and whenever he announced through a press release or over the radio that the worst was over stocks broke from 10 to 20 points with great alacrity. “Wall Street is a realist,” I thought to myself. I've changed my mind. It is probable that certain men in the financial district have some conception of world conditions and economic trends. But this is hardly true of the aieiage trader. If I were in funds again Id like to take a flier. Under the present setup I see nothing immoral in betting on the reds and blacks of Wall Street It is a sort of roulette which you can play in the morning But I always have been annoyed at the plunger who made a cleanup and then took the attitude not that he was a lucky bettor, but an international economist. Asa rule this isn't true. The bovs have a very vague idea of what it is all about. They are merely saving. Spin that wheel again.” I hope they all wm. but ntav I add a note of caution for the winners in particular. I'd hk< to say to them. "Take your gains with grace, but for the sake of logic and common sense don t give yourself airs.” (Comritht 1934. bv The Timro

Your Health ~BV HR. .MORRIS FISHBEIN

ONCE upon a time persons had the idea that night air was dangerous to health, so that children and adults were huddled in stuffy rooms during the night. The superstition was due to the fact that mosquitoes came up m the night carrying malaria, and persons who slept out at night were bitten by the mosquitoes and became sick with this disease. When the fresh air treatment for tuberculosis was introduced, opinions changed rapidly, so that today large homes and some apartment houses are equipped with sleeping porches. In the summer many persons like to camp out and sleep m the open air. The healthfulness of the procedure on hot nights can not be questioned. Certainly, circulating fresh air is healthful to every one. Furthermore, on exceedingly hot nights the open air is much cooler than sleeping between am kind of walls or under coverings. a a a X r Wbl reslia however that there are cerI tain hazards that can be avoided if you understand them There is the danger of biting by mosquitoes, which is easily oiercome through use of mosquito netting. Any one who sleeps in the outdoors, on any kind of a bed. ought to be protected against foraging mosquitoes. There :s no reason why an outdoor bed should be anv less comfortabl- than one indoors. Nowadays, reasonable prices are. asked for couches which ha\e simple springs and mattress suspended from a triangular frame work. The suspended bed is less likely to b? invaded by insects or other pests than the one which rests upon the ground. You can also provide such a swinging couch with a folding top. like that of a perambulator, for the baby. This may be used in case ram develops suddenly. or when there is ni'cessity of keeping off unusual drafts of wind. mam THFRE also should be available a rolled oilcloth or other waterproof covering to go over the bedding in case ram ccmes up. Don't think, however, that sleeping outdoors-Car-rie* with it any panacea against all types of illness. There is no all-in-one road to health. It is more important to get plenty of rest and sleep indoors than one or two hours outdoors. For those who like the outdoor air. however, and for those who enjoy camping, sleepmg under proper conditions under the open sky may be exceedingly delightful

of the kings of Wail Street. And I don t think very much of it. Brokers, operators, investors and plungers are the pleasanter' folk anybody could (are to meet. But in my opinion they are not quite bright. There is m the whole fraternity a little too much of a white rabbit strain. I am thinking of a rerent afternoon in which stocks were unloaded by the bale because the street had heard a rumor that the Italian army already had moved through a pass and into AusU:a Wall Street is not cut off from the authentic news re-

Prill L*s*d Wir Service ot the United Press Association

ROOSEVELT AND THE NORTHWEST

‘Old Man Rivers’ Wandering Ways Ended by V. S. Project

Thi* 1* the lat of a .'eries of four vtorie on the great power, navigation, arrl irr:r'ion projects of the northwest which are to be Minted by President Foo*e - . elt on hi* return trip from Hawaii. BY WILLIS THORNTON NEA Staff Ur ter WINONA. Minn., Aug. 2. —The whole of the Upper Mississippi is being rebuilt by man. So extensive is this shave and haircut that is being given Old Man River that President Roosevelt will see only a part of the widespread project. Instead of the single huge dam which is the nucleus of most of the great river developments, the upper Mississippi work includes twenty-seven smaller dams between Minneapolis and St. Louis, each passed by boats by means of locks. The President will see three of them in the course of his forty-seven-mile river trip from Lake City to Winona. Each will create a large lake in place of a swiftflowing river, and will spread over thousands of acres of the wooded bottomlands of "Little Switzerland.” This section is so-called because of its scenic beauty. The river is bordered by towering wooded bluffs of strange formation. A recent allotment of $18,000,000 has been made, mast of it for this work on the upper Mississippi, in addition to the $33,000,000 already allotted. This has furnished work for 8 SOO workmen on all eighteen projects, with a still larger number given indirect employment. aaa THE entire scheme is to cost $124 000.00. It was adopted by congress in 1930 and it was then expected that it would take ten or fifteen years to complete. Work moved slowly. But last summer President Roosevelt ordered the work made part of the nation-wide re-employment plan of the public works administration. Money was allotted from the PWA, and now the whole thing should be completed by 1936. giving a nine-foot channel from the Twin Cities to the gulf. Four complete sets of locks and dams have already been finished in this section. Sixteen are under construction, and seven are in the planning stage. They will run along the river’s course all the wav to St. Louis, with a large dam at Alton, just above that city, where Huckleberry Finn and Tom Sawyer’s river caves can still be seen. Employment of more than eight thousand men during the winter is a great boon to this section, helping a hard-beset state to bear the burden of unemployment. aaa AT the two dams at Alma. Wis., and Whitman. Minn., and the lock near Winona which the President will inspect, nearly 2 000 men are at work They are planning a hearty greeting to the man whose forward look toward water development made their jobs possible. The President, who is a fisherman and sportsman, is expected to take keen interest in the upper Mississippi river wild life and fish

_The

DAILY WASHINGTON

MERRY-GO-ROUND

By Drew Pearson and Robert S. Allen

ARTHURDALE. W. Va.. Aug. 2. —On the dirt road that runs south from Reedsville you would have noticed about a year ago an oldfashioned gable house reminiscent of Poe's dreary tale, “The Fall of the House of Usher.” It looked down upon a desolate area known locally as "Mr. Arthur's Place.” Drive round that same turn of the road today and you will come upon a cluster of new-built white houses. There are trim terraced lawns in front of them, women hanging out clothes in the rear, a man pushing a cultivator through hills of beans, another standing shoulder high in a cornfield whieh has replaced the swamp, and children far up on the hillside picking berries in the underbrush which has not yet retreated before the inroads of this Roosevelt program of reclaiming men from economic swamps once as desolate as those surrounding "Mr. Arthur's Place.”

The gabled house is still there. But without its somber surroundings, it has taken on an almost rheery look. And the name of the place now is recorded as "Arthurdale. W. Va.’’ a a a Arthurdale is a subsistence homestead project of the interior department. Unofficially, and perhaps to the largest number, it is known as "Mrs. Roosevelt's pet.” Its significance, however, goes far beyond the connotation of any name. For it is. in a sense, a laboratory in which is being tested the all-important question of whether drought sufferers can be moved profitably to new farms; whether the perennially unemployed coal miners of the Alleghanies can be transplanted to new industry; whether large blocks of unemployed and economically mal-adjusted people can be picked up and resettled in more propitious areas without disrupting their own lives and the life of the affected locality. Indicative of the importance of thus experiment is the fact that the world is passing by to judge it. Some 10.000 visitors throng through Arthurdale monthly. a a a iitHAT they see on the surV v face is a cozy group of fifty white houses, interspersed in uncrowded intervals over 250 acres, each house having four to five rooms, and a garden plot of five acres. What they learn on the surface is that each house is equipped with its own well, an electric pump, hot and cold running water, a cellar and central heating. On the surface, the picture the casual visitor gets is too Utopian to be true. He is inclined to pinch himself to make sure this model colony plumped down in a depres-sion-ridden world is not a dream; or else he decides the New Deal is staging a special display for the benefit of the tourist. m

The Indianapolis Times

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Tvpiral of the upper Mississippi (lams which the President will see on his way back to Washington is this project at Whitman, Minn. The completed locks through which the presidential partv will pass are in the foreground while in the center is shown the dam under construction, marching across the river from the Wisconsin side.

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Perhaps for the first time, the presidential flag will fly over the Mississippi when it adorns the staff of the North Star, a yacht of Dr. IV. J. Mayo, host to the President on his tour of upper Mississippi river control projects.

refuge, which covers most of the territory hereabouts. This is a gigantic federal conservation project started in 1927.

penetrate the surface. Spend an evening with some of the homesteaders in their new’ houses after the casual stream of sightseers has departed. At the top of a sharp rise lives Fred Harrison and his wife and two daughters. He is a tall, lean, mountain man with blue eyes and slow quiet speech. "Yes. I was a miner,” he says. "But I'm no good for mining now, and haven't been since three years ago when I jammed my hands against the top of a mine car. ' But I can still hold a drill, and I work here in a quarry for the government, gettin' stone out for foundation work. And of course I can handle farm tools all right. "We work on pay for the government till quarter to three, then we lay off and work our land . . . Yes. I've got more corn here than I can use. but I believe the plan is to trade it in to the co-operative and get things I haven't got. I ain't just sure about that, but I know the government will fix it up all right.” Harrison's house is furnished partly with pieces of his own, partly with reproductions of oldfashioned furniture, made last winter by mountaineer craftsmen organized into a CWA project. He treads softly over the new grass on his graded terraces which slope down to the edge cf the woods. is only three weeks since he brought his family over the hills to the new house and everything, every blade of grass, is precious. ■ CoDvright 1954 bv United Feature Syndicate Inc > Slack Is Acting Judge L. Ert Slack, former mayor of Indianapolis. is acting as judge pro tern, in Marion county criminal court while Judge Frank P. Baker is on a two weeks’ vacation in northern Wisconsin.

INDIANAPOLIS, THUKSDAY, AUGUST 2, 1934

It contains more than 180.000 acres of river bottomlands, extending 300 miles from Wabasha, Minn., to Rock Island, 111. This

ELECTION SLATED BY GRAIN CODE AUTHORITY Officers to Be Named by State Group Wednesday. Election of the Indiana state grain code authority will take place at a meeting Wednesday at the Lincoln. Fred K. Sale, national code authority for the county grain industry, has announced. The state code authority will consist of seven members, five to be named by state grain dealers. The five will in turn choose two additional members at large. One member will be elected from each of the five types of elevator interests. Man, 84, Breaks Leg on Street Fred Oaks. 84, of 857 Sanders street, broke his leg yesterday as he stepped back suddenly to avoid being struck by a car while crossing Wright street at Buchanan street. He was sent to city hospital.

SIDE GLANCES By George Clark

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“Dr. Watts says you are perfectly well, and just wasting his 9 time always coming up for examinations.”

whole section is a resting and nesting flyaway for hordes of waterfowl every spring and autumn. The section is rich in Indian lore and early American history. The sites of two French forts established nearly 300 years ago will be pointed out to the party. Communities along the river banks, dating back to the days when they were little fur-trading posts in the wilderness, reflect the historical background of a region that has lived under three flags. French and Indian names abound, and in themselves tell a story. a a a NOT all the upper Mississippi dams are like the usual idea of a dam. Some of them are merely brush-and-stone walls jutting out into the current from either bank. Their purpose is to keep the current of the spread-

THE NATIONAL ROUNDUP aaa aaa By Ruth Finney

WASHINGTON, Aug. 2.—Under fire from both conservatives and radicals, the department of labor today began whipping into shape a policy on deportation of alien agitators. Conservatives think Secretary Perkins has been too lenient on this score. Radicals fear the department is going to use deportation as part of an “anti-labor drive.”

Governor Frank Merriam of California appealed directly to President Roosevelt, during the San Francisco strike, to instruct immigration authorities to arrest and deport aliens found guilty of “violent and unlawful action.” William N. Doak had issued such orders when he was secretary of labor but Miss Perkins had not made the strike the occasion for any unusual activity. When she promised Governor Merriam “co-operation to the full extent authorized by law" six radical organizations at once began circulating petitions of protest saying they had hoped the department “was not to be an instrument of hysterical Red-bait-ing, union-destroying activities.”

ing, shallow river in the center of the channel. That tends, of course, to make it deeper and swifter, scouring out its own channel in the narrow center. There are literally thousands of such “dams” in the upper reaches of the Mississippi, all of which past work will lend aid to Lhe present project. This development is the latest move in a battle with Old Man River that has been going on for seventy years and more. How old the battle is may be seen by the fact that RcNTt E. Lee was assigned by the war department to flood control werk on the Mississippi back before the Civil war. Winona long has been regarded as head of low-water navigation, as above this point to the Twin Cities low-water level has been known to fall to three feet, too shallow- for regular barge navigation. In future, a regular channel of known depth should be available at any season. THE END.

THE dispute flared up again when it was announced that W. W. Husband, an official of the department in recent Republican administrations, is going to Moscow to arrange for deportation of aliens to the Soviet Union. Such negotiations have been in prospect ever since the United States recognized Russia, but their inauguration at this time is being interpreted by both sides as connected with the San Francisco strike and other labor disputes. Before the United States recognized Russia, no machinery existed by which citizens of that country could be deported for any cause. Eighty-four warrants calling for deportation of Russian citizens for Communistic activities were issued between 1918 and 1934. but they were not executed in the absence of diplomatic relations. They cannot be executed until details of deportation machinery are arranged and thus probably will take several months. ana WHEN Secretary Perkins took office she disbanded the organization Mr. Doak had built up to carry out his deportation policies. She stopped raids on aiien quarters and fingerprinting of incoming aliens. She revoked the ban forbidding alien students to work their way through schoql here. For the first time since the war, the department permitted alien radicals to visit this country. Aliens in danger of prosecution if deported to their native lands were allowed to depart voluntarily for other countries. Warrants against members of left wing 'unions were cancelled when those oreanizations severed connection with the Red International of trade unions in Moscow. The American Civil Liberties Union lauded these policies in its recent book. "Liberty Under the New Deal,” and commented 'hat regulations had been liberalized in spite of the narrow limitations imposed by "some of the most restrictive immigration and deportation statutes in the world.” ADVISORY CONFERENCES ARE OPENED FOR I. U. Faculty-Student Talks Held at Extension Center. Pre-enrollment advisory conferences between Indiana university faculty representatives and Marion county students opened this morning at the I. U. extension cepter, > 122 East Michigan street.

Second Section

Fnfrert ** seenn<l|iO*'i* Matter Postnffiee, Indianapolis. Ind.

Fdir Enough hr wwm NEW YORK, Aug. 2.—One little difficulty between labor and the employer is labor's occasional, stiff-necked insistence that the surly, ornery shop-lawyer and hair-trigger martyr, who knows his rights and insists upon them at ail points, is the equal of jhe man who does his job with fair grace, minds his own business and tries to got along with the world. Charm sometimes is condemned as hypocrisy. But it does oil the works and promote harmony and

many a man is riding in chaises even today who never has had much to sell an employer beyond a winning personality and an infinite capacity for sitting up all night with important clients of the firm from out of town. Strict sincerity, on the other hand, though made of truth, which is said to be beautiful, is often very disagreeable and, if carried to excess, may cause strikes in which the sufferings of the innocent far outweigh the importance of the issue. It is asking much of an employer to demand that he reinstate in his works, as the

first condition of peace with the union, some troublesome, grumbling misanthrope whose crankiness over some petty grievance was the cause of the original row. The odds are that the employer worked as a hand in the same kind of works, himself, twenty years ago and therefore has no false notions as to either the nobility or the cussedness of working people. aaa It's Half Their Fault HE knows a good workman from a bad one and an agreeable personality from a born sulker. Order him to receive back into his plant a constitutional lint-picker who hates him and can be counted on to put forth his worst efforts at all times and the boss may get stiff-necked himself. Nobody gave him his business. He fought for it in a hard field, giving in where he had to. compromising when it seemed best to do so and he may be just man enough to close up the buildings and take a deep loss for himself rather than lase the issue between himself and the cause of it all. That may seem a ruthless way to act toward all the other workmen who will bo affected by such a decision. But, if they still insist on the reemployment of the one who w r ent. looking for trouble and tossed them all into the street, the stubbornness is mutual and the fault at least half theirs. It actually is more than half theirs when they could solve the whole difficulty by recognizing that the no-good among their number is not representative of their kind and not worth suffering for. People outside the union trades and a great many union people undertake to maintain a decent attitude toward their employers and bosses and to refrain while on tfie premises from conduct or conversation inimical to the firm. This does not require hand-shaking or coat-holding. It merely recognizes the way to promotion and pay and the fact that human nature docs not turn the other cheek. In the office of a big manufacturing company the white collar hands will live by this rule, wasting neither sympathy‘nor pay on the habitual grouser. aaa Charm Often M arks BUT, under union conditions, in the factory, fifty yards away, the jobs of all the workmen may be at the mercy of some whiner who insists that his personal hatred of the boss and the firm in no way disqualifies him for his job. If high pay is the ambition of the people, charm should be regarded as one of the virtues. It sells punk or mediocre fiction to the magazine editors over the lunching-board while better writers sulk and wonder why their pieces bounce back. It governs the allocation of millions of dollars of the annual advertising revenue in the United States. It often brings in the story to the city desk where hustle and perseverance have failed to get farther than the doorstep. It elects Presidents, senatois and Governors, sometimes unassisted by any sound idea or supporting record of achievement and it even has been known to settle labor disputes in which both sides were grim, sullen and determined. There have been occasions in the past in conflicts between the bosses and the workmen when the arbiters, including the neutral element, all got eased up out of the neck of the same bottle, went touring the town in the same horse-cab at night and woke up in the same bed the next afternoon feeling unanimously miserable. In such circumstances it was the work of a minute to send downstairs for restoratives and come to an amicable adjustment with honor and satisfaction to ail. • Copyright. 1934. by Unite and Feature Svndiratp, Inr.)

Today s Science BY DAVID DIETZ ~

THE man who controls the motions of the moon. That is the title which astronomers facetiously confer upon Professor E. W. Brow’n of Yale university. There is another title, however, which they give him in ail seriousness, namely: the world's chief authority upon the motions of the moon. To the facetious remarks of his colleagues, Dr. Brown replies with a quiet smile that is as typically English as his baggy tweeds. He is tall and thin and wears a mustache of the typical British sort, sometimes known as a “walrus mustache.” He jokes about his accent, and tells haw w’hen he first taught at Yale, he didn’t seem to make much headway with his students. “I asked them whether they had difficulty in following my mathematics.” he tells with a smile. “The reply w’as: ‘We can understand your mathematics all right; but we can't understand your English.’ ” Dr. Brown was born in Hull. England, on Nov. 29, 1866. He was educated at Christ’s college of the University of Cambridge. He has been on the faculty of Yale university since 1907. a a a AS long ago as twenty centuries the astronomers of ancient Rome discovered that the motions of the moon were extremely irregular. Ever since that time the most famous astronomers of the world navp sought to understand those irregularities. In working out his tables, Professor Brown had to take into account all the factors which disturb the moon’s motions. There is the fact that the moon's orbit is an ellipse and not a circle. Next there is the fact that the earth's orbit is an ellipse also. This means that the sun’s influence upon the moon varies with the distance of the earth from the sun. Other variations are introduced by the shape of the earth, by the influence of the other planets and by many other factors. The size of the task which Dr. Brown accomplished can be realized from the fact that it took him forty years to work out his tables of the moon. a a a MANY a man would have regarded the successful culmination of forty rears’ work as the signal to sit back and enjoy a well-earned rest. But not Dr. Brown. The pastime of making celestial timetables had apparently become a habit with Dr. Brown. And so a few years ago he decided to make a study of the motions of the eighth and ninth satellites of Jupiter. Jupiter, unlike our earth which has but one moon, boasts a collection cf no less than nine. Four of these were discovered by Galileo and are within the reach of any small telescope. The othpr five are mor? difficult to find because of their small size and resuming faintness.

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Westbrook Peeler