Indianapolis Times, Volume 46, Number 75, Indianapolis, Marion County, 7 August 1934 — Page 12

PAGE 12

The Indianapolis Times (A (RIPr.BOffARn SEHM il'Cßi ROT W. HOWARD Fre*lil*ot TALCOTT I*o WELL Editor EARL D. RAKER Butin*** Manager I'boßt rii*t .wi

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TUESDAY. AUG. 7, l#3. A CHALLENGE IN’ another b.tterly informative report coverlr*g the costly malpractices of investment bankers, the senate banking committee demands a thorough hourecieamng of that business. Congress has written Jaws and will pass more But congress can not legislate out the cupidity and callous disregard of the investor, which bulks so large in the committee's review of the long investigation which shocked the nation. This is a Job for the investment banking fraternity itself. . “Many of the abuses have resulted from the incompetence, negligence, irresponsibility, or cupidity of individuals n the profession,” the committee said. ‘Such abuses can be eliminated only by the elimination of such persons from the field.” This is the challenge. “The bankers recognize no distinction between the interests of the investor and those of the issuer,” the committee concludes. This deduction arises naturally from the sorry story of huge fees for distributing foreign bonds which now are in default; the “preferred lists” of financially and politically powerful persons; the manipulations which lured the investor into the house of cards which tumbled about his head; the devices to control vast sums of capital by a shoestring investment; the understanding ampng the big wigs to stay off each others’ preserves. These practices the committee condemns again unsparingly, as the public has condemned them. Os the foreign bond ventures it shames the profession by calling them “one of the mast scandalous chapters in the history of American investment banking.” An analysis of the committee's report and of the corrective laws which congress has enacted show that many of the evils disclosed are met either through the banking act, the securities act, or the recent stock market act or by broad power delegated to the new securities exchange commission. Congress sought to make its laws airtight by extending its penalties for violation not only to the written law, but to regulations which the securities commission may itself promulgate from time to time The government is seeVng to throw every protection about the investor. But the committee reminds the investor that he must aho look out for himself by the use of sound common sense, as the government can not guarantee any security issue. SELLING AMERICA SHORTS UNCONSCIOUSLY perhaps, the leaders of American thought have sidetracked one of the country’s biggest issues this summer. Expert attention, mature thought and thorough rrseareh should be concentrated on this question, which affects us all in a very intimate w av. It cuts across party lines, affects alike men and women. New Dealers and Old Dealers, diplomat and ditch-digger. Generally, the question is whether we are ever going to learn to wear few enough and comfortable enough clothes in the summertime. Immediately the issue of wearing shorts —their moral, hygienic, and esthetic qualities —is predominant. The women have been a lot smarter than the men. They have escaped from constricting collars and have bared their backs to sun and air. Men's styles are. of course, a dark age survival. But the shorts problem is what one might term bifurcated. Daring men and women have bared their legs in the abbreviated trousers, mostly for athletic activities. There is. however, an important movement afoot to adopt this air-cooling device in business and home life. Obscurantists object that shorts are not esthetic, especially considering the contours of most male legs. Well, a little display might lead to such exercise as would develop a more graceful calf. There is another important point. Reports indicate that sex discrimination has raised its ugly head: that in some places women are permitted to wear shorts, but men are not. Public opinion should not tolerate this. Those of us antique enough to remember the sudden national landslide toward haircuts for women will not be surprised if the whole nation within a few years steps out with its lees tanned and browned in the summer breezes. SILLY -JUSTICE’ f T'HAT Kentucky judge who has been handir.g out daily jail sentences or fines to the two reporters, who refused to reveal the source of certain information they printed, seen vs to be bent on bringing his own court into contempt. The background of the case is absurdly picayune. A state representative, who happened to displease his constituents, was hanged in effigy one day—that is. a gang of indignant voters made a dummy of him. labeled it with his name and strung it up by a rope, by way of indicating their displeasure. These two reporters found out in advance that it was going to happen; and because they won't tell the court who told them, so that the court can get to the bottom of the whole business, the judge has been cracking down on them every day. In the first place, the judge ought to realize that no reporter worth his salt is ever going to reveal a confidential source of information, r.o matter how great the pressure. And in the second place, making all of this fuss over a demonstration which is common and harmless enough in a hot election campaign is just downright silly. A aculptor is going to make busts of President Roosevelt’s brain trusters. A disgruntled Republican we know suggests there s no need for that; they re busts already.

FATHER’S FORGIVENESS THERE is something tragically revealing about the plaint of that Oklahoma gentleman whose son is being held in connection w:th the death of a University of Oklahoma co-ed. • I was a stern, strict father," says this man. I told my boys I expected them to stay out of trouble. I see my mistake now. I should have told them to do everything possible to avoid trouble, but if they got in trouble to come first to me.” In this simple and pathetic statement we have a repetition of the cry that parents have been making for generation after generation —a cry born of the wisdom which heartbreak brings too late. Over and over again, sorrowing human beings have had to learn by bitter experience that there can be no substitute for sympathetic and comradely understanding. Youth needs wise advice and it needs intelligent discipline; but most of all it needs that taken-for-granted fellowship which is the final refuge when advice has been ignored and discipline has been flouted. A man has a son, and he would give his very soul to bring the youngster safely past the myriad pitfalls that lie along youths path. He tells the boy, as clearly as he can, what those pitfalls are, and how they can be avoided, and he lets the young man see how greatly father relies on son to get by them unharmed But, because youth is youth, every now and then some youngster comes to grief. And when he sees what he has done, and thinks of the blow tha* knowledge of it wlil be to his father, he is appalled; and he says something like this: “I am in a jam, and if I tell my father he will be heart-broken; or he will be scornful because I have not had the strength to do as he advised me to do. So I will say nothing, and I will try to get myself out of this fix before he finds out what has happened.” And then, all too often, fumbling and panic-stricken youth simply makes a bad matter infinitely worse, and brings the w'orld, at last, down about his ears, and spoils things beyond fixing. Being a parent brings a person many grave responsibilities. But none is greater than this: To keep, always, above the disciplinarian and the adviser, a friend whose forgiveness and understanding are beyond measure. For youth will make mistakes in spite of all we do. When that happens the parent's real job begins.

ANIMAL AND MAN ''pHE way some people can worry about the “- suffering of animals and be quite unmoved by the suffering of humans is a strange social phenomenon. In Red Bank, N. J., there was a jobless housepainter who was destitute. For two days neither he nor his wife, had had anything to eat. Furuthermore, his wife was sick. Now it happened that three homeless kittens, equally starved, attached themselves to his house at that time. Their hungry yowling was more than he could stand, so he put them in a sack and took them to the town hall, asking that they be disposed of. But the town couldn't do it unless he paid a $3 fee, which he lacked; so he took them far out into the woods and turned them loose. And an agent for a humanitarian society, who had trailed him all the way, promptly had nim arrested for cruelty to animals. Luckily, the judge before whom he was arraigned was a man of sense. He immediately dismissed the case and referred the man to the county relief officer But what do you think of the mentality which caused the mans arrest? THE CHAMPION DAVE MITCHELL, the lanky boy who has been playing golf in Indianapolis for years, is back today carrying the first national golf championship Indianapolis ever possessed. Saturday, after a long, hard week of amazing golf. Mitchell won the National Public Links championship at Pittsburgh. Indianapolis and Indiana's reputation for producing golfers is growing. Young men like Mitchell who turn in championship play in national tournaments are aiding in making this reputation more substantial. Mitchell has remarked that he may take a rest from the golf course. Let's hope he does not. Indianapolis can use golfers of his type any time —anywhere.

CHICAGO POLICE ACTIVITY 'T'HE Chicago police department, when you stop to think about it, appeared in a rather strange light in connection with the death of John Dillinger. Dillmger was caught and killed in Chicago —by federal men. assisted by detectives from an Indiana suburb. The Chicago officers played no part either in the tracking down of the gunman or in his execution. The federal men seem to have worked independently, from choice, all the way through. It was only after everything was finished that the Chicago police got busy. And then they accomplished—just what? Well, they revealed to the public (and also to Dillinger's pals* the identity of the woman who is supposed to have led Dillinger into the trap. They did this over the objection of the federal men, at a time when no conceivable good could be accomplished by it. All in all, it is hardly a record to fill a Chicagoan with pride. GO TO GUINEA BY cable comes a message from the pastoral past. In an idyllic clime, on a high plateau in New Guinea are found three "lost" tribes—the Kukukuku. the Ramu and the Purari. Two hundred thousand strong, they live in peace, harmony and abundance. They know nothing of the last war to end wars. They know nothing of the next war to end wars. They till their fields, fish in their streams and hunt in their forests. They have no divorces, no gangsters. no bootleggers, no capitalism, no chiselers, no greed, no droughts, no floods, no heat, no humidity. P S.: Closer leading of the dispatches reveals that the Ramuians and the Purarians fight with three-prong spears instead of oneprong bayonets, and that all three tribes are cannibalistic. We hope this exploration will cease before too many other grisly facts are discovered. Aren't we mortals entitled to a Utopia at least in New Guinea?

Liberal Viewpoint -BY DR. HARRY ELMER BARNES

IN 1917 a military idol of the German people was portraved in entente countries and the United States'as a brute little better than a gorilla. In 1934 his death stirred the respect and sympathy of peoples, even in former allied states, more deeply than the passing of any other wartime figure save possibly Albert of Belgium. Such was the trick of history and fate in the case of Marshal Paul von Hindenburg. Shortly after the United States entered the World war, I was in an audience at a great popular meeting held at Columbia university and listened to a speech made by a former American girl who had married a Polish nobleman. She had entertained, under threat of force so she said, the famous field marshal when the victorious German troops entered Warsaw. She portrayed Von Hindenburg as a sodden and brutal giant with the morals of a guinea pig and the chivalry of a hog. The picture was one of unrelieved brutality and vulgarity. It made a tremendous impression on me and I believed it at the time. This attitude toward Von Hindenburg was not far from that which prevailed during the days when the allied war propaganda and patriotic lies prevailed. Postcards actually pictures of the latest Russian pogrom against the Jews before the war, depicted helpless women and children shot down in heaps in Polish tenements and alleys. Even when Von Hindenburg was elected president of Germany in 1925 Americans regarded it as ominous. The best that even those friendly to Germany could say was that the folly and vindictiveness of the allies had received its appropriate and natural response from Germany. So fragile did the preliminary verdict of history prove. nan IF at any luture time the career of Von Hindenburg is used to point a moral for youth, he will stand out perhaps above all other persons in human history as “the man who was ready.” At least I can think of nobody else, not even a scientific specialist, who devoted a long lifetime so laboriously and exclusively to a single end, namely, to master geography of the Masurian lake area, the key to the defense of east Prussia against any Russian invasion of Germany, Paul von Hindenburg was born in Posen in 1847 and spent his whole life from boyhood as a soldier. Becoming a cadet in 1864, he gave his first blood for Germany at the Battle of Sadowa in 1866 when Bismarck crushed Austria and took the first step toward German unity. He served in the Franco-Prussian w T ar four years later and was present at the French collapse at Sedan. He entered the War academy at Berlin and spent the next forty years as a daily student of military science. He boasted that after the Franco-Prussian war he never had read a book outside his specialty. Taking a military post at Konigsberg in east Prussia in the ’Bos, he began his thirty years of concentration on the swamps and bogs of the Masurian lakes. a tt a VON HINDENBURG was a sober and devoted student of military affairs. He wasted no nights in typical army sprees or gambling, but spent the hours in poring over maps of the lake area. He constantly traveled over the region and supplemented his map knowledge by personal observation. With friends and companions he trampled over bogs and through underbrush driving imaginary Russians beiore him. In time he directed the annual maneuvers of the army in this area and rehearsed many times for the great drama of Trannenbarg. And then in the end it seemed that his dream of defending the Fatherland never would be realized. In 1911 he retired from active service, but continued even more zealously his personal travels over the Masurian lake region, on foot, horseback and in motor car. There was not a square yard that he did not know — whether it would support a duck, man, horse or cannon. During this period of three years retirement he also saved Germany from disaster in 1914 by fiercely opposing and defeating a project to drain and reclaim the Masurian swamps. Had this been carried out it would have facilitated the passage of the Russians and hampered Von Hindenburg's strategy. An old man of 67, Hindenburg was ready, but not expectant when Prinzip’s pistol at Sarajevo on St. Vitus’ day, 1914, set off the world conflagration.

Capital Capers BY GEORGE ABELL

ONE of those delightfully secret dinners which do so much to relieve the tedium of Washington politics took place the other evening, the host being Mr. Sumner Welles, assistant secretary of state. Guests were (whisper it!) members of the socalled brain trust, being Messrs. Rexford Tugwell, undersecretary of agriculture; Adolf Berle, original member of the brain trust, and Charles Taussig, President Roosevelt's adviser on the Virgin Islands administration. The chief subject discussed was the red tape which, brain trusters feel, is gradually enmeshing their activities in Washington. A solution for this red tape question was sought, but has not yet been found. At all events, the dinner itself provided a pleasant relaxation from affairs of state for tall, elegant Sumner (who strains daily under the terrific burdens imposed by Latin American problems). And the mock turtle soup was unusually delicious! • PRESIDENT VON*HINDENBURG'S recipe for good health was disclosed by a young American diplomat (who asked that his name remain confidential). In Germany not long ago this American visited the late field marshal and learned that he was in the habit of drinking each evening after dinner a bottle of French champagne. German super-patriots reproached Von Hindenburg for his preference of a foreign vintage. “Why,” they demanded on one occasion, “do you not drink German champagne? It is as good as the French.” lit isn't, as any one knows.) President von Hindenburg smiled and placed one hand on his belt. “Gentlemen,” he replied, “my patriotism goes as far as this—bis zum margen (as as far as the stomach).” And he continued to sip the French champagne. THE possibility that Ambassador Hans Luther of Germany would not return again to Washington had been voiced here by foreign diplomats who have been studying German conditions. Luther, an industrialist and former president of the Reichsbank, is opposed by certain political elements in Berlin. But the speculation of the diplomats was ended almost immediately with receipt of word that Kans Luther had sailed from Bremen to resume his post here.

Chicago doctor says colds can be cured by going up in an airplane. Worse troubles have been cured by coming down in one. “Girls today are very nice,” says a 100-year-old woman of Atlantic City, “but they ought to wear more clothes.” Then, if they do, how could we tell they’re so nice? Australian explorers have just discovered 200.000 lost natives in the center of New Guinea. And all this time the natives never realized they were lost. British Broadcasting Company has barred the song, “Love Thy Neighbor,” efrom the air. Europe might take it as a personal affront. Dr. J. A. Anderson of Mt. Wilson observatory says there’s no such thing as completely empty space. Where you think it’s so, there must be a nut rattling about in it.

THE INDIANAPOLIS TIMES

;- ' ’ ' . * - ip. ' \ • . • . . if ■ - ' • ‘i

The Message Center

(Times readers are invited to express their views in these columns. Make pour letters short, so all can have a chance. (Am It them to SSO words or less.) SAYS EAGLES RECOVERY PLAN By J. Pierce Cummings. Recently The Times carried an interview with Joseph B. Adler, w'ho stated the NRA was his brain child, and cited a letter to President Roosevelt under date of Jan. 26, 1933. Permit me to point out that two and one-half years before Mr. Adler presented his proposal—to be exact, on June 12, 1930—the Fraternal Order of Eagles in state convention at Anderson adopted a resolution urging the establishment of a federal commission for the stabilization of employment. The resolution in August of the same year was adopted at the national Eagles convention and shortly afterward the order opened an office in Washington to further a campaign for creation of the commission. Eventually, a bill covering the matter was introduced in congress by Representative Louis Ludlow, the measure being known as the Lud-low-Eagles bill. This was during the Hoover administration and months before Mr. Roosevelt was considered a presidential possibility. “The right of every American adult to work continuously at a saving wage’’ was proclaimed in the resolution, which in an editorial in The Times was described as anew declaration of independence. Frank E. Hering, South Bend, twice national president of the Eagles, and who instigated the movement which has made the order the nation’s outstanding old age pension advocate, was the author of the resolution. HOPES TO RIDE IN* STATE CARS SOME DAY By Jimmy Hagen. Well. I see by the Message Center, that they are still squawking about John Dillinger. Someone writes, they wouldn't cash in on a notorious son. Now, I'll tell one. Another taxpayer yelps that he’s paying for cars the state officials are riding around in on Sunday. Well, C. C. B . quit paying taxes and you won’t have to worry. Then there’s one who pans Mike Morrissey. Poor old Mike. He gets it coming and going. Don’t get me wrong, folks. I’m no state employe, nor do I know Mr. Morrissey personally. I'm just one of these guys that takes life as it’s dished out to me. My idea is, when you get the opportunity to cash in on anything, go to it and get all you can. I hope I can get a job riding around in state cars. LIKES ATTITUDE OF DILLINGER’S FATHER St a Times Reader. The Dillinger case pro and con. In the first place, it has been selfevident that the father refused to profit from his erring son's ill gotten gains. But wasn’t he about the only one who didn't? They claim the case cost the taxpayers about $500,000. Have you ever stopped to consider who got the ssoo.ooo—detectives. lawyers, sheriffs, stool pigeons, railroads, etc.? Newspapers made millions, playing up each minute detail into a melodramatic episode. And through all of this, the father’s life became public property: publicity he truly tried to avoid. News hounds, federal men. local police and plain common variety of curiosity seekers, schemers, promoters, etc., all aimed to make money for themselves. But after society had been

WHY HUNT FOR A LOST TRIBE?

Edinburg Is Not Dead, Resident Insists

By a Reader. I feel sorry for any man who has two good eyes and can not or will not see, two good ears and can not or will not hear. With perception dull he gets things mixed up, misses a lot and has no standing in his community. Such a man is “Main Street Observer" whose article on Edinburg appeared in this column, July 30. When the Union Starch and Refining Company was in operation here 200 men were employed. Several years ago the plant here was abandoned and the company moved to Granite City, 111. That hurt. Federal highway No. 31 was originally routed to go through Edinburg. Strenuous efforts were put forth to have it come through our town, but for unknown reasons the road was rerouted and missed the town. That hurt. But we did the next best thing. A concrete road was built from our improved main cross street to No. 31. That has helped a lot. The closing of the doors of our only bank seemed ,to be our heaviest burden. But feeling the need of some plan by which checks could be handled here, the Merchants’ Association organized and put into operation a currency exchange, which has partially taken the place of a bank and has been a very great help. Contra’•y to the statement made by “Main Street Observer,” several attempts have been made to organize anew bank, but owing to general and local conditions all efforts have failed. But we do need and hope to have anew bank some day. We have felt the depression. but are glad to say that conditions have not been as bad here as in many places, and are gradually but perceptibly getting better. In spite of all that has been said and happened, Edinburg is

avenged, w r ho was to pay the funeral costs? Not any of these aforementioned interested crowds; no, not them. But they were far out in front with their criticism for the family when they understood they were to cash in on the "publicity racket.” After having been submitted to all the indignities know’n to mankind, what further was there to suffer on that score. And there still remained the expense. I notice the self-same self-righteous editors w r ere among the most caustic critics. I wonder what they w'ould have done under the same circumstances? tt a u DALL DIVORCE CASE BRINGS PROTEST Bv Disgusted. Regardless of the fact that the horrendous cry of “old-fashioned ’ will be raised against me and against this letter, I feel I can not let the Anna Roosevelt Dali divorce pass without entering a violent protest. How can a woman be so heartless as to divorce her husband when it means depriving her children of the company of their father for at least half of the time unless that husband is a drunkard or a brute? That Mrs. Roosevelt-Dall does not consider her husband a drunkard or a brute, despite the fact that she left him casually, is showm by the fact she sent her children to him in Chicago shortly after the divorce. With such examples in higli places, is it odd that we have a drunken, jazz-crazv, easy-divorcir.g group of young parents, bringing up children to a future that only God can foresee?

[I wholly disapprove of what you say and will defend to the death your right to say it. — Voltaire. J

still on the map and will stay there for many years to come. \>'e have many things which we are proud of and thankful for. We have no sewer system, but a survey is now being made. The sanitary conditions of Edinburg are far above the average. For many years we have had no epidemics of any contagious diseases. We have an abundant and almost inexhaustible supply of splendid water pumped from two deeply driven wells. Just recently a supply of pipes has been received for the extension of water mains. We own and successfully operate our own ivater and light plant, which is modern and up-to-date. We have good churches. Our commissioned schools are located in beautiful modern and up-to-date buildings and rank with the best. Summer camps are near the town. A good sporty golf course is located about two miles south of town on road No. 31, and there is good fishing in nearby streams. We have a canning factory, two veneer plants, a furniture factory, a sawmill, a grain elevator and a daily paper. Edinburg is known all over the country as the town which has the most beautiful cemetery in the state. The Merchants Association had a meeting a short time ago to discuss plans for our annual fall festival, but the ‘ Main Street Observer” was not there. He very seldom attends our meetings. Edinburg has advantages which contribute to the health, happiness, pleasure and prosperity of its citizens. We can see no reason why any one should object to living here. If “Main Street Observer” does not like the town he has a perfect right to move out and should do so as soon as possible. It might be a good riddance.

READER TAKES ISSUE WITH PEGLER’S VIEWS Bv R. r.. B. Westbrook Peglcr should be sent back to the Chicago Tribune where ! his kind are—smart-alecks and secI ond rate newsmen. Or perhaps he | will soon have a job with Willie ! Randolph Hearst. One of his recent ! columns lauded that big-hearted publisher for his generosity to work- | ing staffs. Pegler never fails to show his true ; color when he gets into the field of 1 political economy or sociology. Then one realizes that the McCormick taint goes deeper than a year of contact with decency and honesty In the newspaper business can eradicate. A high class newsman with a sense of decency and pride in his intellectual honesty would never have lasted on the Tribune for the ; length of time that Pegler did. When a great writer such as George Seldes was told by McCormick what to write about German government - owned railroads, he promptly sent in his resignation, but Pegler could go along with McCormick. not only writing the stuff in the prescribed manner, but accepting McCormick s philosophy as his own. His Dillinger column was a typical Tribune attack on Warden Lawes and any attempt to approach criminology scientifically. He offers a i case of one individual who did not | benefit from contact with the warden and modem ideas of criminology as grounds for his offensive sneers at a man whose record of achievement and integrity stands far above Pegler and his past associates. Now that his stuff is appearing in a few liberal newspapers, he goes

. AUG. 7, 1934

back to the archives for liberal comment on historical events, but when dealing with current events, he still has his eyes and ears open for the i kind of comment pleasing to the McCormicks, the Knoxs and the Hearsts. tt tt a DILLINGER SMALL LOSS. WOMAN BELIEVES By Mrs. R. The Dillinger fans are still harping on the fine, good boy Johnny was, and what a dirty trick was played on him by “the law.” He may have been the “good boy,” his admirers say he was, but they will have to admit that he was very' improvident and irresponsible in the management of his money. That day in April, at his pa’s house, after finishing the last drumstick and slipping down one last noodle, he would have some sagacity and forethought had he stuck his funeral money under his plate as he arose from the feast. At the same time, he was buying himself a car, ever so often, peeling bills from a seemingly inexhaustible roll to pay for them. He was a good cash customer. At that time he wouldn't have missed the modest sum which would have paid for his funeral. Not so long ago. Mr. Jim Tully had a heart-wringing interview with the parents of Messrs, Makley and Pierpont, who are at the present the guests of the state of Ohio. It would not be amiss if young men, who are contemplating similar activities, would pause in their bank robbing, warden baiting, and sheriff shooting long enough to consider how bad the old folks at home will feel when the offspring arrives, suddenly, in a basket coffin, and *there is no money for a funeral. Now' would be a good opportunity for those women who have been sobbing their hearts out in the papers about Johnnie and telling the public how welcome he "jnuld be in their homes to come across with a substantial donation in cash for his folks. It would relieve the poor bewildered old gentleman and let him get back to the farm. Personally, the writer has failed to understand how any woman, not a criminal herself, could fall for the battle-scarred countenance of the late bandit, but then the high-class Russian ladies had Rasputin. a a a URGES EFFORT BE MADE TO SAVE PARK TREES Bv L. C. T. The small trees in University park west side seem to be dying for want of water. Can not this park be sprinkled and the trees saved, and water be turned on at night when hundreds of heat-weary folk are trying to cool themselves?

ASSURANCE

BY HARRIETT SCOTT OLINICK Believe me when I say these words: I love you more than any one. I love you more than April nights. I love you more than copper sun. I love you more than purple dusks That hurt and bruise me with their weight. I love you more than poetry; Divine, and soul-articulate. But there are days when I must be Alone to gaze into my self. When I must be unchained and free To look upon my soul with stealth. But I return with eager steps To find your arms, your gentle lipo.