Indianapolis Times, Volume 47, Number 241, Indianapolis, Marion County, 17 December 1935 — Page 18

PAGE 18

The Indianapolis Times (A srßipps-Hovv \nn .newspaper) ROY W HOWARD Pr!<Jont H OWELL DENNY Editor EAR;, D. BAKER Business Manager

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MR. HOOVER REDOUBLES TTERBERT HOOVER still sutlers from the thing which so afflicted the economics of his presidential Administration—over-expansion— except now It is over-expansion of the argument. Not content to confine himself to the weak spots In the New Deal defense, he blithely doubles and redoubles, as they say in bridge. He spreads himself out to convince the nation that the bank panic was all Franklin's fault; to convince the nation which •till remembers that the hart of finance had stopped, that the New York banks were closed, on the very day Hoover and Roosevelt rode up Penn-eylvania-av together—in what still strikingly appears as the last roundup so far as Hoover is concerned. The panic, he declares in a St. Louis speech, wa. caused by the scared depositors and investors “frightened at the incoming New Deal.” It was the most political and mast unnecessary bank panic in our history,” he asserts. He says that the real bank panic started with his defeat. Let's look at the record: It shows that in the whole of the Hoover Administration a total of 6083 banks were forced to close, not counting the grand rush in the last few days of the Hoover regime, which brought on the nation-wide banking holiday and the later bank reopening under the Roosevelt Administration. Os the 6083, only 703 occurred after the date of Roosevelt’s election and up to the general holiday, making a score of 5380 before election day; 703 after. In the 12 years of Republican rule which includes Harding, Coolidge and Hoover, there were 10,504 bank suspensions and these failures plus mergers reduced the total number of operating banks in the United States from a peak of 30,560 in 1921 to a low of 14,500 in 1933. By contrast, in the Roosevelt Administration, only 179 of the banks licensed to reopen after the holiday were closed in 1933. In the whole of 1934 only 57 banks were closed. And in 1935, up to the present, only 29. To sum up, only 265 banks have been closed in the Roosevelt Administration to date, less than the number closed in any one of the 12 Republican years. The closing average under Mr. Hoover showed that many every 60 days. In view s of what that record shows it now only remains for Mr. Hoover to charge the New Deal with being responsible for the Galveston floods, the Santa Barbara earthquake, the Tulsa race riots, the flu epidemic of 1917, Ivar Kreuger, the fire in the Reichstag, the kidnaping of Aimee McPherson, the Credit Anstalt and the murder of Cock Robin. COL. SHERRILL ON HOUSING T OW cost housing financed by the Federal government but erected by private contractors would put us over the hill to prosperity. So Colonel Clarence O. Sherrill, president of the National Retail Federation, told the Indiana and other merchants meeting here. In general, Colonel Sherrill is in agreement with Senator Wagner of New' York and many others. He believes that the private building industry could re-absorb enough men and could buy enough materials to give the depression the final knockout. The Sherrill plan would mean not only the elimination of thousands of sties W'here people have to live in our cities but it would also mean the re-em-ployment of labor. It w'ould put architects and engineers back to work. And, most of all, it would give many families a chance to be housed decently at rents perhaps not much more than they now are paying for slum quarters. Certainly nobody will disagree in principle with his declaration to the assembled merchants, who are here primarily to discuss social security legislation. The sooner we begin clearing away crime-breed-ing fire-traps and replacing them with sanitary housing groups, in which child-life and family life may thrive, the better for the nation. The Federation, a rather new' organization, is a research body representing 40,000 merchants. It has headquarters in Washington, where experts study all legislation affecting the retail trade. The merchants are going about the work of protecting themselves by information in a realistic way. Not much has been printed so far about its activities, but much is to be heard from it in the future as the states one by one pass security acts, providing for the tax on pay rolls. WHO’S REGUSTED? FIRST Herbert Hoover's former secretary, Lawrence Richey, has Amos n' Andy down to Maryland for a turkey shoot, and now the Roasevelts draft them for a cabinet dinner at the White House. Apparently both sides are out after the toothpaste and taxi votes. THE SAME GOLD BRICK AMONG the many economic gold bricks that city slickers have sold to farmers was opposition to the Federal Child Labor Amendment. Through the American Farm Bureau Federation in Chicago it appears they are discovering, as they did with the tariff and other policies, that all's not gold that glitters. ' We approve.” said the federation, ‘ the pending Child Labor Amendment to the Federal Constitution, and request the state farm bureau federations to give it serious and sympathetic consideration.” When this amendment first came before the states for ratification a number of agricultural states took favorable action. Immediately a flood of propaganda began pouring farnnvard. An organization calling itself the “Farmers’ States Rights League” barnstormed the rural regions and small towns with propaganda charging that the amendment was aimed at the farmers. It would prevent a farmer's boy from milking the cows, his daughter from washing the dishes. In 1925 Rep. I. M. Foster of Ohio exposed this busy outfit as a tool of certain textile interests. Its president turned out to be the cashier of a cotton mill store. Again this year farm states have become interested in the amendment, and certain manufacturers have become interested in the farmers’ children. The Farm Bureau's action proves that the old game isn't working any more. Child labor is coining back in certain industries.

The codes are dead. The amendment needs ratification by 12 more states, and only nine Legislatures meet next year in regular session. The little workers in mills, factories, sweatshops and other marts will welcome their new champions from the farms. BUY LEGALLY AND BE WISE TN the month of the second anniversary of repeal of the Eighteenth Amendment liberal Americans should net shut their eyes to the fact that the AntiSaloon League and the Women's Christian Tempevance Union were by no means repealed, nor to the fact that both these organizations are notably ardent, patient, tireless fighters quick to aim at every chjnk in repeal armor. They already have started a “new crusade for prohibition,” and they have the stimulating memory of one great victory. It, therefore, benooves repealists to be not static but progressive in stiffening law enforcement, barring return of the saloon and taking more active steps to spread habits of sane and temperate drinking. Another little matter: Some well-to-do people, who ought to know better, are still buying bootleg liquor and even priding themselves on their smartness in so doihg. Bootlegging today not only defrauds the government and people of one of the hoped-for results of repeal but also gives the Anti-Saloon League another count for its indictment of repeal. Patrons of bootleggers are encouraging an Illicit trade that may become a black eye for repeal and a help to the enemies of repeal. Remember, heedlessness, short vision and scorn of self-restraint were what let us in for one bad spell of prohibition. Why tempt the fates again? BISHOP SMITH TYISHOP SMITH of the Nashville diocese of the Roman Catholic Church was widely known in Indiana, having been born in the state. Asa priest he organized the large parish of St. Joan of Arc, in Indianapolis. When a priest creates a parish he does a vast amount of constructive executive work not visible to the layman. While Bishop Smith had been out of the state 12 years he is well remembered here. Among both Catholics and Protestants are many to regret his too early death. WHY WARS ON THE CUFF? SENATOR TYDINGS of Maryland, who often has hunches in the right direction, says the Administration's policy of borrowing to meet deficits is heading the country toward panic. So he proposes an executive budget plan of finaning the Federal Government on a pay-as-you-go basis. He wants a law requiring the President to submit to Congress each year a budget with estimated expenses and estimated revenues in balance, and taking away from Congress the right to appropriate in excess of the budget estimates, without at the same time levying additional taxes to pay the bill. But in wartime, Mr. Tydings would suspend the law. Os course Congress could pass such a law one day and ignore it the next, and nothing could be done about it. But it’s a good idea anyway. And being a good idea, we don’t understand why Senator Tydings wants to spoil it by suspending the rule during wartime. If it is disastrous for a government to spend beyond its means in peacetime, why isn’t it doubly disastrous for it to do so in wartime. Government spending in peacetime can be directed toward building up t\e national weath, thereby making it easier for future generations to pay the bill. But wartime spending purposefully destroys wealth, and necessarily pauperizes future generations. Os all of the follies in which Governments indulge, war is the worst. And passing the cost of it on to unborn generations is fiscal immorality of the rankest sort. CHARLES F. COFFIN r T"HE career of Charles F. Coffin, whose death occurred yesterday, was typical of the best in Indiana. Farm boy, school teacher, college graduate, lawyer, churchman, he lived a long and useful life. Mr. Coffin entered the law by study in an attorney's office, a method common until recently, and, like many Indiana lawyers who entered by the same gate, achieved success, especially in the insurance field. He belonged to a sturdy generation fast passing from the scene, a generation of many sterling qualities which the present generation can not safely do without. ALWAYS ROOM FOR ONE MORE HARVARD gets $2,000,000 for anew School of Public Administration. That’ll make two—the other being the one-man school embodied in Prof. Felix Frankfurter, father confessor of many of the New Deal's bright young men. A WOMAN’S VIEWPOINT By Mrs. Walter Ferguson PERHAPS because he's been secretary' of the National Divorce Reform League for so long, Theodore Apstein decided to write a book about it, which he calls “The Parting of the Ways.” Only its title is sentimental, for the legal point of view is admirably preserved and there’s no preaching, philosophizing or sobbing. Moreover the information it contains is invaluable for the credulous American who still believes that law and justice are synonymous. And since, as Mr. Apstein reminds us, there are more than 16C.000 divorces in the United States every year, with no uniform law', the business is far from simple; on the contrary, it’s about as crazy as can be, for we have 48 different ways of acting silly. So when you’ve done reading about collusion, evidence, alimony, custody of children, as they are managed in the courts, you feel like Alice in Wonderland looking over Jabberwocky. The w’ords just don’t make sense. At least the book decided me on one point. I shall stick to the same husband, come what may; it’s so much more comfortable in the long run and costs less in cold cash as well as nervoui energy. I confess that I’ve regarded with some suspicion the glib talk about easy divorce, even though I am sold on the idea of a blanket law to restore our lost dignity in the eyes of tin world. But honestly speaking, do you believe we ever achieve easy divorce, no matter how much we simplify its legal aspects? Os course you don’t! Not when you consider the emotions involved—the lives one separation can affect. From that angle a good long look is rather like getting a peek into certain corners of Mr. Dant’s Inferno—comers all cluttered up with broken dreams, bits of hearts, souls hopelessly twisted, and old men and women alone and lost. It’s nonsense to let sentimentalism get an upper hand on the question, but it’s greater nonsense to forget that any social problem which is so mixed up with love and hate, which involves the rawest human emotions, can ever be easily settled.

THE INDIANAPOLIS TIMES _

Squaring The Circle With McCREADY HUSTON

PEOPLE certainly are tearing into Christmas this year. The advertising in newspapers and the slick magazines are the most festive I’ve ever seen. I’ll have to leave the quantity to the advertising boys, but these tired old eyes have never seen such quality. tt tt tt 'T'HERE is one brand of ChristA mas advertising which one dare not overlook. It is not paid advertising, but the daily stories w'hich tell of the progress of the various special charity funds. I know some people who say they do not read them because they make them sad. You know that psychology. It is the ostrich frame of mind. Put your head in the sand. Look the other way and you won’t see the results of the depression. It is a refusal to face facts. People like that must sleep with a pillow over their heads to make themselves believe the baby is not restless. tt tt tt T>UT The Times Clothe-a-Child and the other local efforts to care for the needy at Christmas go ahead with the support of that other army of men, women and children who do not look the other way, but straight ahead at the need and the danger ahead if it is not supplied. a tt tt T SUPPOSE this outpouring proves A that essentially we are a sound people that will not get far away frem its moorings. Many persons have had reason to be Scrooges in the last six years. They could have told themselves that, having lost heavily themselves, it was their duty to conserve and look after their own. Leave the waifs to public charity. That feeling probably was prevalent to some extent when the cataclysm was not understood. People may have tightened up under the first shock. But after a while they softened, we believe, and reverted to their normal, kindly selves. tt tt tt T HAVE no statistics to prove this -*■ theory, but from what I have seen this Christmas season I am inclined to think that those who obviously are making more money are more eager to respond than two or three years ago. tt tt tt A WORD for those who W'rite and conduct these newspaper campaigns may not be amiss. They are usually men or women who have a genuine compassion for the needy and who put all they have of reporting and writing ability into the series of articles. They are persons of tact and sympathy. Some of the best I have seen this season among a wide number of papers I scan have been published in Indianapolis. Without taking anything away from those in our other papers, I think Mr. Steinel’s in The Times have marked a high standard for this kind of writing. tt tt tt THE scenes at Cioth-a-Child are not cheering, if you want to look at it that way. The applicants and their children show in every way the battering some Indianapolis folk have taken. But the fact that the agency is there, distributing the money of the generous, and sending boys and girls away fully clothed for the winter is in itself cheering. u tt tt DROP in and see it in operation. Or. if too busy, send a goodsized check. tt tt tt WHEN doctors are good they are usually very good. I think of one now who is practicing at the age of 86 with his faculties unimpaired and his skill what it always was. OTHER OPINION On the Smoot-Hawley Act [He nry A. Wallace, Sec. of Agriculture] The bill (originating as a farm measure) proved to be the most outrageous instance of selling agriculture down the river to the traditional beneficiaries of tariff privilege. Once again, as in 1922, agriculture had been traded out of its shirt in a game of log-rolling. An unholy alliance of cement, lumber, coal and brick interests—every one of them having agriculture as a big customer—finally maneuvered the bill through Congress. Monopolists and others already well fortified by tariff advantages established themselves even more impregnably within the citadel of protection. On the AAA [New York Daily News] The farmers were producing all the wheat and corn and hogs and cotton they could, which meant that because of recent rapid strides in scientific farming, as well as increased acreage, they were producing more than they could sell. They were not organized so as to be able to curtail production to square with consumption—as a business enterprise can do. This newspaper, for example, prints about 1,700,000 copies a day, or as many as it thinks it can sell that day. If we printed twice as many copies every day as we could sell, we would soon hit the rocks. We can halt production; the farmers couldn’t.

The Hoosier Forum / wholly disapprove of what you say—and will defend to the death your right to say it. — Voltaire.

(Times readers are invited to express their views in these columns, religious controversies excluded. Make your letters short, so all can have a chance. Limit them , to 250 words or less. Your letter must be signed, but # names will be withheld on reauest.) tt tt tt CAN WE RECOGNIZE WAR AND STAY NEUTRAL? By Glen W. Sharkey I would like to offer a thought cn this question of neutrality. Unless i we look upon these things from an unbiased viewpoint, are we not most sure to hold ideas pro or con to the relation of one or the other belligerent? If we take any action which marks any change in our dealings with a nation because that nation is at war, are we not becoming a party to the conflict either in withholding or supplying materials? If we recognize a nation to be at war and place embargoes on certain materials to that nation, can we really claim to be neutral? Would not true neutrality be a complete “hands off’’ policy? Why not sell to all nations as if there were no war? (In fact, as far as we are concerned, IS there a war if we are neutral?) The moment we curtail shipments, or increase shipments to any nation at war, we are taking part in that conflict. We are imposing sanctions of our own, outside of the League of Nations. Os course, there are complications In all this which do not appear at first, but from a point of theory, neutrality is a strict unrecognition of war. If ships are warned as to the carrying of supplies to a belligerent, the government should withdraw any protection to that shipping company. If the company loses ships that is their own concern, not the concern of the government. tt tt tt SLOAN’S CRITICISM OF NEW DEAL ANSWERED By Warren A. Benedict Jr. General Motor's president, Alfred Sloan, in denouncing the New Deal suggests that business executives appeal to their stockholders to resist and defeat the Administration in the coming elections. We fail to find how Alfred and his corporation have suffered under the present administration. Well known is the present status of the motor car industry', now enjoying the best business in years, in marked contrast to three short years ago when the industry w'as in the doldrums and car production the lowest in years. This change ha r - come about almost solely because f the improved financial condition of the average citizen. Turning to statistics in th ; financial journals we find General Motors stock hit a low of 7% in 1932, during the “sound business policy” days of Hoover, representing a market value of $331,687,500 for its 43,500,000 listed shares of common stock. A few weeks ago it reached a record high of 59%, indicating a value of $2,582,812,500, or an increase of over two and a quarter billion dollars value on this stock, as expressed in the opinion of the investing public and the financial world. Further, a like check of other

Questions and Answers

Inclose a 3-cent stamp for reply when addressing any question of fact or information to The Indianapolis Times Washington Information Bureau. Legal and medical advice can not be given, nor can extended research be undertaken. Be sure all mail is addressed to The Indianapolis Times Washington Bureau. Frederick M. Kerby, Director, 1013 Thirteenth-st, N. W.. Washington, D. C. Q —Whc invented the sewing machine? A—The first sewing machine was made by an Englishman named Thomas Saint and was patented July 17, 1790. Q—ls the Vatican State a part of Italy? A—lt is an independent state with a monarchical government of which the Pope is the ruler. Q —What is the difference between a battleship and a battle cruiser? A—A battleship is one of a class of the largest and most heavily armed or armored vessels. A battle cruiser is a warship of dread-

ONE OR THE OTHER

representative big businesses will reveal their increased valuations over the dark days of 1932 would more than pay for the entire expense of the present administration. This apart from the far more important benefits that have accrued to the home owner, the farmer, the worker, the man recalled to his job, and the country at large. We doubt if Alfred can make a very convincing appeal to his stockholders. And we wonder if the animosity he and fellow corporation executives exhibit is not occasioned in large part by SEC’s publicity on the huge and unwarranted salaries and bonuses these executives have grabbed for themselves, too often at the expense of the workers and stockholders. And as far as Alfred’s tirade against the New Deal is concerned, it should serve as a boost for it as far as the average citizen is concerned. tt tt tt HASN’T MUCH USE FOR “RUGGED INDIVIDUALISTS” By P. C. B. So many in the last year proudly have declared themselves “rugged individualists,” that I wonder what there is about the principle that should make any one proud of it. The encyclopedia says that the doctrine of “individualism would make a man’s conscience the sole arbiter of his actions.” I may have become cynical in these last few years of bank failures, abscondings, stock swindles and misappropriaof funds, but somehow the number of men I would trust with this dollar I have would not include many, if I had only their conscience as guarantee. Certainly noue of them would be rugged individualists. The first thing civilization does is to set up laws to protect its individuals from people whose conscience can not be depended upon. And the number who are caught and sent to our prisons, added to the number we know should be, would tend to prove that society is not far wrong in being skeptical of the efficacy of a man's conscience in leading him along the proper paths. Maybe we have been taught the wrong ideas, but “rugged individualist” would seem to fit Capt. Kid, Billy the Kid, A1 Capone, or any other buccaneer, either in Wall Street or Arizona. I can think of a lot of gentlemen who would qualify under the dictionary definition of “rugged individualist” who now arc deceased from hanging by the state. Maybe “rugged” makes the difference, but it seems to me that Alcatraz would contains about as many “individualists” to the square inch as the “American Liberty League” or N-.tional Association of Manufacturers. Maybe I am wrong. And how could you be your brother’s keeper and remain a rugged individualist? It seems that I can not reconcile the teachings of our Christian religion with this theory of individualism. I may be wrong. It just struck me that your rugged 1 individualist would assume that

naught size, highest speed and heaviest battery, but without the heavy armor protection of the dreadnaught. It is designed for high-speed cruising, scouting, and long-range fighting. Q—Did Wallace Reid play the leading role in the motion picture, "It Pays to Advertise,” which was released in 1919? A—No. Bryant Washburn played the leading role. Q—When was the last horse-car line in New York City abandoned? A—July 27, 1917, when the Bleeck-er-st and Fulton Ferry line franchise was given up. Q —What was the value of the estate left by Theodore Roosevelt? A—lt was valued at $981,171 on May 31, 1922, according to the report of the executors and trustees filed in the Supreme Court in New York City. Q—How is 1935 written in Roman numerals? A—MCMXXXV.

whichever place he went after death, would, ipso facto, become Heaven. Does that explain anything? But anyway, why do we hang some “individualists,” imprison others and listen with reverent awe to "rugged” ones? The dictionary definition of “rugged” does not make them sound any more attractive. tt k tt WPA WORKERS ADVISED TO FIGHT INTELLIGENTLY By Hiram Lackey I wish to join The Indianapolis Times in its efforts to restore our peoples’ lost vision. Thank you for giving wholesome publicity to the fact that Americans should have a first-class diet, instead of suffering from a third-class diet and undernourishment. We will appreciate more editorials designed to arouse voters to a realization of the meaning of decent American standards of living. It is strange what some people have forgotten during this depression. Consider the lack of vision of WPA workers who strike because they are not willing to work an eight-hour day. When will we learn God’s most elementary law of economics: Somebody must work in order to raise standards of living. If these workers would unite in a determined and intelligent fight for wages on which a married man and his family of children could live decently, they would be using the faith, vision and intelligence which the enlightened conscience of the world will always applaud, and God shall forever bless, because this is humanity’s sacred fight against greed and graft, and is everlastingly right. GAY DEATH BY POLLY LOIS NORTON When death went striding down the road He had no thought of any one, His brief vacation just begun, An hour he’d take from his weary load! When death went striding down the way To welcome spring—oh, he was gay— It is not hard to understand Why love ran out to hold his hand! DAILY THOUGHTS Neither was the man created for the woman; but the woman for the man.—l Corinthians xi, 9. A PERSON’S character is but half formed till after wedlock.— Simmons.

SIDE GLANCES

■• ■ - '^*''"'■'■**i .t?y> * \ u /-.-• , r ,

“Mr. Phillips is kicking for another raise. He seems to think we're Santa Claus.”

. DEC. 17, 19SS

Washington Merry-Go-Round

BY DREW PEARSON and ROBERT S. ALLEN. WASHINGTON. Dec. 17—Most of the New Dealers are not prone to spend their week-ends in bibulous revelry. Nevertheless, that old pre-prohibition term, “Blue Monday,” connotation of headaches and hangovers, has come to be a real state of mind with them. Reason is the Supreme Court plus the fact that Monday is the day on which the Nine Old Men hand down their decisions. In four decisions pulled out of the Supreme Court grab-bag last week, the New Dealers drew a blank every time. And it is beginning to get on NewDeal nerves. What is getting on their nerves even more is the fact that the ir.a- V jority of the court appears to have gone out of its way to crack down on the Administration whenever possible, and to muddy up the issue, when not possible. This makes it look extremely bad for such major issues as the AAA, the Wagner Labor Disputes Act, the Guffey Law and the Holding Corporation Act. a a it WHAT happened last week was this: When the anti-Admin-istration majority on the court was not able to throw out completely the law which was at stake, they side-stepped a clear-cut declaration on the main issue and confined themselves to technicalities. At least, that is the opinion of New Dealers. But when they w'ere able to throw out the law in toto, they did so with gusto and vengeance. Take, for instance, the Hastings case. This involved the Federal Warehousing Act by w'hich the government stores cotton and other staple crops, issuing receipts to farmers on which they borrow money. The act had Been in effect for 19 years. To have thrown it out as unconstitutional would have thrown into chaos the entire economic structure of the South. Mister Dooley may or may not have been right when he said that the Supreme Court foJlow's the elections. But no court could have dared the Federal Warehousing Act unconstitutional without causing violent political repe-cussions throughout the nation. Whether the court considered these factors is known only to the Nine Old Men. What is however, is that they dodged the Issue of interstate commerce—which they once took up in the Schechter sick chicken NRA case—and decided against the government on a technical point. t: a a THE same virtually was true in the test of the Home Owners Loan Act. This is an extremely important law. Under it thousands of mortgages have been issued by the government, thousands of homes have been saved. There were many of these broad points upon which the court might have outlined policy. But it confined itself to the very narrow question of whether statechartered building and loan associations could be required to take out Federal licenses, and declared against the government. In the two other decisions last week, the Supreme Court was not so subtle. It waded into the laws involved with bare fists. tt tt tt ORDINARILY, the Supreme Court undergoes a change in personnel every two years or so. And New Dealers make no secret that that is what they pray fsr most devoutly. But times have changed. A rugged determination to remain and fight the battle of the Constitution seems to be uppermost in the minds of the Nine Old Men. A Supreme Court Justice may retire after a certain period of service and his $20,000 salary continues for life. During Hoover's Administration two justices dropped out. But the New Deal has seen no such vacancies. Roosevelt has had candidates ready and waiting—but with no place to put them. All of the anti-New Deal bloc save Justice Roberts, have reached the retiring age. Chief Justice Hughes is 73. So also are Justices Mcßeynolds and Sutherland. But they have told some of their friends that they expect to continue on the court for the express purpose of checking New Deal legislation. So it looks as if the Administration was in for a long game of legal waiting. (Copyright. 1935. by United Feature Syndicate. Inc.)

By George Clark