Indianapolis Times, Volume 47, Number 37, Indianapolis, Marion County, 23 April 1935 — Page 8

PAGE 8

SMITH BOOMED AS 1936 RIVAL OF ROOSEVELT

Big Business Behind Move to Get Brown Derby Back Into Ring. BY LYLE C. WILSON Ignited Prett Staff Correspondent WASHINGTON, April 23.—Word has reached >e capital that some of the eastern * nking and brokerage fraternity would like to see Alfred E Smith oppose Franklin D. Roosevelt for President next year. It probably would make no difference to anti-R oosevelt financiers whether Mr. Smith stopped the New Deal in the Democratic national convention or in the November election. Wall Street has many counts against the administration. Among these are: 1. Substitution of expensive work relief for the cheap dole. 2. New Deal labor policias as developed so far and projected. 3. The Roosevelt effort to abolish public utility holding companies and the possibility that it may lead finally to a compromise tax on utility holding company income. That, in turn, might lead to special taxation of all holding company income. 4. The Eccles bill to create a central or political bank on the foundation of the Federal Reserve System. That would take from private banks control of credit in this country. Practical politicians do not consider the Smith-for-President idea feasible nor even remotely likely. A realignment of political parties such as a Roosevelt-Smith contest would imply is more probable in ’940 than in 1936. Formation of an anti-Roosevelt coalition under leadership of a famous Democrat does not fit into the plans of Republican leaders. A group of midwesterners is organizing to put the party right with the Farm Belt and, perhaps, to gain the 1936 nomination for one who votes west of the Alleghanies.

Midwest G. O. P. Hopefnl John D. M. Hamilton, Republican national committeeman lor Kansas; Harrison Spangler. lowa committeeman; Arthur M. Hyde of Missouri, and Patrick J. Hurley of Oklahoma, both members of the Hoover cabinet, and Col. Frank Knox, Chicago publisher, are quietly arranging for a Midwest political pow wow at which it is hoped to achieve a rebirth of plains states Republicanism. As Republican presidential strategy develops it is evident that the party high command will incline to limit its choice to the Midwest. Former President Hoover does not figure in the prayers of most party leaders for a 1936 miracle man. If Mr. Smith could be persuaded to lead a conservative bolt from the New Deal the Republicans probably would profit less than if Senator Huey P. Long or some other left winger beckoned the radicals out of the Roosevelt camp. Republican strategy is to keep the comparatively conservative elements which remained loyal in 1932 and 1934, and to gain some liberal support which must be won away from Mr Roosevelt. Smith Not a Bolter It is argued in behalf of Mr. Smith that he would poll heavily in New York and attract a big vote in other great northern and eastern states. Big business, big banking and the brokers would be expected to regain confidence at sight of the Brown Derby. But to expect Republican to accept Mr. Smith's leadership against Roosevelt is too much, and, if Mr. Smith led a Conservative-Demo-cratic third party he probably would improve New Deal chances Anyway. Mr. Smith has not been a party bolter. Visitors gathered here for the annual meeting of the American Society of Newspaper Editors reported variously on political prospects. Sonv New Yorkers had heard Wall Street’s talk of Mr. Smith. From up-state New York came reports that Mr. Roosevelt’s prestige was tarnishing, but probably would shine again next year because of relief expenditures and Republican party troubles. Michigan Democrats Upset Michigan editors reported the Democratic party disjointed there. Kansas spokesmen said their state was anti-New Deal and hot for a shot at Mr. Roosevelt in 1936. Oklahomans were critical of the kill-the-pigs. plow-under-the-crops New Deal farm economy. Texas was more kindly and one free-hand estimate was made that in Houston Mr. Roosevelt would poll 93 per cent of the electorate if an election were held today. Missouri was rather critical of the New Deal, but deeply suspicious of the Eastern-Conservative wing of the Republican party. An Old Guard Republican ijominee or even a doubtful Easterner would have hard going in that part of the country.

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DEVICE FORECASTS PROXIMITY OF DEATH

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/?.i/ Srirn re Service With this simple apparatus Dr. Felix Bernstein (center) of Columbia University has discovered how to tell whether a person is going to live or not, he reported to the National Academy of Science in Washington today. Miss Daisy Kmstein (left) is adjusting the instrument. She and E. A. Roure (right) are two of Dr. Bernstein's assistants at Columbia.

BABSON FEARS REVOLT IN U. S. America Spending Way to Uprising, Economist Predicts. 8./ United rrex* NEW YORK, April 23.—America is spending its way toward a revolution which will be led by youth, Roger W. Babson, economist, predicted last night. “We are already in the rapids and racing toward the falls,” he warned. The economist told the Babson Institute Alumni Association that the unbalanced Federal budget would lead inevitably to inflation and destruction of the currency. World stability and peace depend entirely upon the United States and Great Britain, he said. “Unless our government now begins to curtail its reckless spending,” he declared, “this country will be in a stinking mess.” The threatened revolution, Mr. Babson believes, will be made up of 1.000.000 young men without jobs. More than 600.000 of this number soon will be training in CCC camps "for the very purpose of revolution.” he said. “Such a revolution would be financed by the same bamblers who in previous years have financed Wall Street pools, Florida booms and wholesale bootlegging.”

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PASTOR WHO STOPPED WAR FOR CHRISTMAS SERVICES DIES AT 69

Ihj United Prinit ABERDEEN, Scotland, April 23. —The Rev. J. Esslement Adams, 69. who on Christmas Day, 1914, held a prayer service in No Man’s Land between the British and German trenches, died yesterday. A Presbyterian chaplain, Mr. Adams on the first World War Christmas jumped up from the trenches of the Gordon Highlanders in No Man’s Land and persuaded the Germans to lay down their arms. With a German student of divinity who came from the opposite side, he conducted a service which both German and Scots troops emerged from the trenches to hear. CATHEDRAL TO GIVE ANNUAL PLAY MAY 5 "Arrival of Kitty,” Three-Act Comedy, Has Ail-Male Cast. Cathedral High School will give its annual play the night of May 5 in the high school auditorium. “Arrival of Kitty,” a three-act comedy-drama, directed by Brother Ernest, faculty member, will be presented. The play has a record of 5000 performances on amateur and professional stages. Boys will take both male and feminine leads. Proceeds will be used to pay the tuitions of deserving youths. Twentythree Catholic parishes of the city w’ill aid in the ticket sale.

THE INDIANAPOLIS TIMES

STATE’S RURAL POWER PROJECT BRINGS CONTEST

Spirited Fight for Right to Develop Program Is in Offing. A contest for the right to develop the rural electrification program in Indiana appeared imminent today when it was learned that independent groups are prepared to resist the Indiana Farm Bureau's steps toward getting the project under way. The Indiana Farm Bureau Cooperative Association, Inc., already has filed with the Public Service Commission a petition for certificates of convenience and necessity in all of the state’s 92 counties. Hearing on the petition is scheduled for May 14. However, a group headed by Norman Evans, Bloomfield, has taken steps to incorporate a rural electrification company to operate in 11 counties and will file this week with the Public Service Commission for a certificate of convenience and necessity. An Allen County combination of the same nature also is being formed, it is reported. File Notice of Intentions The Evans group, seeking to operate in Martin, Law’rence, Monroe, Greene, Clay, Owen, Sullivan, Vigc, Parke, Putnam and Davies Counties, has attempted to pre-empt the name of the “Utility District of Western Indiana, Inc.,” it was learned. A notice of such an intention to pre-empt this name has been filed with the Secretary of State’s office under the 1929 law governing incorporations. The title, will not be granted because the rural electrification law, drafted by Fred Wiecking, public counselor of the Public Service Commission, provides that rural electrification groups shall be incorporated under the title of “ Rural Electric Membership Corp.” Thus, if independent groups pursue their scheduled intention of seeking to operate under the new rural electrification law, the Public Service Commission is faced with a pretty problem in deciding on the various petitions of convenience and necessity. Passed by ’35 Legislature The rural electrification law, passed in the 1935 session of the Legislature, does not give the Indiana Farm Bureau any endowed rights, but the law was passed with the farm bureau backing and with an eye toward the farm bureau’s existing organization in every county. The Indiana Farm Bureau Cooperative Association, Inc., for which Frederic I. Barrows, the farm

bureau's legi.l counsel, has appeared before the '.-hiblic Service Commission, has formed a rural electrification department for the express purpose of transporting low-priced electricity to the farm. Two decades of super-power development by the large utility companies have failed to solve the problem of electrifying more than about i 20.000, or 11 per cent, of Indiana's! farm homes. Approximately 180.000 farm homes are expected to benefit under the new law. Lack of Profit Cited The law is drawn with the objective of furnishing electricity to farm homes at no profit, either through the construction of power plants or the wholesale purchase of power from existing private utilities. The problem, according to experts lies not in the cost of production of power, but in the distribution. PWA or other Federal agency loans may be the backing of revenue bonds to finance the various rural electrification projects. Since no profits are taken and no ; salaries are paid in the corporations, whatever chance for profits exists in | the project, according to experts, lies in the initial promotional expenditures by the various corporations.

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EIGHT ARRESTED ON VICE COUNTS

Small Bootleggers, Lottery Operators Targets of Police Drive. Centering their attack on small bootleggers, lottery enterprise operators and statutory charges violators, police vice squads arrested eight persons during raids in the last 24 hours. A lottery known as the “Tiajuana and Felix’ lottery was raided last night, and Ernest Rutherford, 34, Negro, 332 Bright-st, was arrested on charges of operating a lottery and gift enterprise, A small quantity of white mule whisky was confiscated and Mike John, 49. of 521 W. Pearl-st, was arrested on charges of violating the beverage act last night. Fred Brantford, 406 Indiana-av, was fined. $lO and sentenced to jail

for 10 days yesterday by Municipal * Judge Charles J. Karabell on a charge of keeping a gaming house.! Seven visitors at the Indiana-av address were fined $lO each on visiting a gaming house charges.

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.APRIL 23, 1931

Manrhoukno Ruler Leave* Japan KOBE. Japan. April 23 —Emperor Kank Teh. ruler of Manchoukuo. started for home aboard a Japanese warship today after a 17-day visit to Japan.