Indianapolis Times, Indianapolis, Marion County, 13 November 1936 — Page 27

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Ww. HOWARD LUpWELL & DENNY EARL D. President

¥, NOVEMBER, 1, 1030.

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vas hard to determine just what the orators had in mind, ‘that to them anything proposed or done by President

Roos elt was not the American way. But the repudiation

f this clamorous contingent by the people hardly means t the American way has been repudiated; it means ly that the American people reserve the right to decide for themselves what the American way is. No special group is to be permitted to monopolize that phrase any more than it may monopolize the Flag or the Constitution. Today his friends are celebrating the birthday anniversary of a man who, perhaps, has done as much as any

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man in our history to make the American way the right

way—the fair, the just, the honest way. Louis D. Brandeis, justice of the United States Supreme Court, is 80 years old. Learned in life, as well as in law, “he still believes that the American system of government, “intelligently interpreted and administered, is the best of all systems. He is still prepared to resist those who, he thinks, interpret it unwisely ; still prepared to be overridden, confident that the unintelligent way can not endure and that his dissenting opinions now will be the 14w'a few years 2 ence, as has happened again and again during”his quarter ‘tentury on the highest bench.

SSTOP, LOOK, AND...!

ECAUSE of vivid memories of past painful experiences we are glad to see the news now appearing about the active attention both SEC and Federal Reserve officials are giving to what is going on in Wall Street.

Stock values over all have doubled since March, 1935. That's some rise. And, following the election, in face of all the Republican prophecies of disaster during the campaign, prices shot up until they're now calling it a “Roosevelt market.” And when they start naming a market after , 8 President, that in itself ought to be a warning sign, be3 cause markets bearing the moniker of the chief executive ~ haven't turned out so good in the past. It’s not pleasant ~ to recollect what finally happened to the “Coolidge” and _ the “Hoover” markets which, piled one on the other, top-

oy o

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“+ pled with such a crash in 1929. & So we say we are heartened {o see that Maryiner Eccles of the Federal Reserve and James Landis of the SEC are bustling around at the task of guarding against a runaway. Equipped as the government now is with machinery of

§ restraint which didn’t exist in the-twenties, 1 should be

able by the exercise of due diligence to prevent the growth of that “always fair weather” psychology which led to the ) slaughter of many millions of investors in those things '& which were so ironically called securities. ; If ever there was a lesson that should have “taken,” that was one, but the human being happens to be by nature moréiof an optimist than a pessimist. :

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One thing in the stock market picture we believe should :

be spotted and kept right to the fore, and that is the effect . of the 1936 tax ‘bill on investment psychology. That hill taxes corporation surpluses. Its purpose is $b force dividends out intp the hands of the stockholders so that more income taxes can be collected. The dividends must be declared before the end of the year if the surplus tax is to be avoided. The close of 1986 isn’t so far off.” So the dividend | announcements are coming thick and fast and the tempo = will increase rapidly during the rest of November and until the latter part of December.

The whole pictyre will look very rosy for the holder

of common stocks. And that’s where the psychological factor will come in, and agd itself to the already greatly growing quantity of that of » which we have all been ying for so long—confidence. | ‘We have needed confiflence direly in recent years. We still need it. * But we*donit need too much. ‘Confidence is like salt. Enough, fine,"

~ One thing is mote that is over-confidence. S50 let's give full thought from now on’ to that other

| important virtue, namely ution.

of conditions under which - Even ‘the so-called luxury

finers are’ too often like a spoilad apple—rosy. on the surface and rotten at the core.

Millions have been spent on oXiravigant passenger. ac- :

commodations while many of the men responsible for oper-" ating the ships. may not have even » Plage for sit-down to.

t. eX 3

In any final settlement of the ‘shipping pichiem. the. :

vernment must insist upon reforms in the gay. hole peace is to have permanency. Tt

AMPLIFICATION OF GOVERNMENT J EADERS here in the discussion of ci yo “ tion will look with interest on California’s’ : of a constitutional amendment providing and county governments by local referendum.

California now has one joint city-county eovermen |

Florida also ratified a cons on Nov. 3 to permit city-county

much, and the dish is spoiled. dangerous than lack of confidence and

M H was heard during the months of the ampli ~ concerning something called the American way. It |

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By Westbrook Pegler He's ‘No Lawyer-Lover, buf the Criticism Supreme Court Gets Brings Out the Uncle in Mr. Pegler. NEW YORK, Nov. 13.—Nobody ever can

call me a lawyer-lover, but even though “the nine old men” of the Supreme Court are

nth-power lawyers, something about the tone

of the criticism which they are receiving arouses the uncle in me. In the first place, it seems ‘that the eritics ‘of the court are bearing

down unduly on the fact that the nine old men are |

old, considering that ‘& man must be pretty well along in years to have Relieved the necessary distinction in the . law business. The justices are supposed to be champion lawyers. -and it takes time to reach that eminence. They must also be men of great experience and that means that they must have put in years in the courts and over their books lgarning the tricks which other lawyars will "spring. on them when they reach the Supreme bench. It is even -desirable that the justice shall have had some work on behalf of soulless corporations, such as the utilities and the railroads, because in that way hé may learn their methods from the inside. In fact, if a subway company or the Morgan house has hifed a lawyer and the man has been successful, it must be admitted that he is very good in his work, because these clients have no time for inferior lawyers. Nor does it follow that his association: with ‘such interests contaminates his thoughts of sentiments and thus renders him undesirable, for attorneys take pride in what might be Salled the insincerity of their zeal for their clients. They may be prosecuting one year and, by a reversal of local politics, defending pickpockets the next, and nobody around a Courthouse ever takes seriously their scorn for the défendant in one role or their pity for him in the other. i s 8 =n

T seems to be agreed, then, that eminence, Spent: ence, knowledge and a ripe maturity of mind and character are essential and most of us will further agree that all these requirements are ‘rarely discovered in young men. There is some derisive etiticism of the august majesty of the court in its stately palace of justice in Washington, and I appreciate the ludicrous as well as the next one, 1

Mr. Pegler

4

UT, the Supreme Court Building: is no more expeuaive i} than some other architectural fripperies of the ca among which I might name the Comec Bhd, with its private elevator for the secreSai and the Enormous bronze gates and lamps, Then ‘there is the Senat®, with its free barber service and free mineral watér for the elder statemen and their restaurant, which runs a deficit every year because

hone of ein. y enough for their meals and some.

never pay a “1 doubt a the Constitution would be any safer for the fact that a young chief justice, wearing a to he bal, "Yet, the court is criticised for a little as though the ite old men 3 ight better

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— ree - gs . pt The Hoosier Forum I wholly disagree with what you say, but wiil defend te the death your right to say it—"Voltaire.

ABILITY TO ACCEPT FAILURE HELD IMPORTANT By J. H, It seems that parents are wrong in counseling their youngsters 1(o study hard and aim for the presidency. Anyway, Dr. Mandel Sherman, mental hygiene specialist at the University of Chicago, advises that young people be trained to become failures; the word. “Our educational system is suffer ing from an overdose of success stories,” he contends. in 10 is neurotic, one in 22 insane today because we train only for success. And only a few can be suc-. cessful from a material standpoint. : Youth perhaps should be taught that a successful life need not include fame and riches. But history, studded with Shstgness of Loa c d youn rs who fo e Ae yO Padlicates that it would be difficult to get the younger generation to bow its head te the inevitability of failure,

NATIONAL LABOR PARTY TO CARRY WEIGHT, BELIEF By a Subscriber In the recent general election the forces of the “left” gained a point by the overwhelming majority vote

for President Roosevelt. For the first. time in the history of the

United States the majority of the workers have shown signs of having opinions of their own about government. They were not swayed this time by the moneyed powers, reactionary newspapers and magazines. This is a step in the right direction’ and a progressive move. May the people continue the same line: -<In two short mon jcan Labor Party, Oo Labops shy League pided- -b social. Democrats

‘New York, received over a quarter of a million votes. This gives encouragement to the launching of an American Labor Party on a national scale. In time we probably will see the race between a labor party and a conservative party. Libera. 1 may

democracy will till it and reap a useful and abundant harvest.

Fihed #288

WRITER ASKS FOR BAN

and “Qld

court with a cheery “H'arya, Tools” [and again

in the- ordinary sense of:

“One person t

« The Amer-| . . by |

DS octalints) in the state of]

(Times renliets are invited to express their ov lg in these col- - umns, religious controversies excluded, Make so all can have a chance, Letiers must be but names will be withheld on Teyuest)

animals. . T Nave argued ‘that women, as the! wearers of fur, should. take the Initiative in ruling out the steel trap in faver of Wupane traps, but not one has rended, It is a deplorable fact t most women see only what they choose to see, and fashion is’ such a stern dictator that the bravest shuts her eyes and cowers under its mandates. If women had the courage to band together to outlaw fur which is taken by the steel trap and to use only fur that is taken humanely, and is so labeled, or fur from hoofed an ‘they would quickly blot out a nefarious practise. which is wholly at variance with the sympathy supposedly shown by women for helpless creatures. © If women could witness] trapped ‘creatures: gnawing their feet off in an effort to release themselves, I think they would be prod. ded to aetion.: We have read of King Edward’s forthcoming coronation and the predicted lavish use of ermine fur.

Ermine is taken, a furrier tells me, |

by temptingly greased steel rods. The ermine licks the rod and because of the eold the warm tongue adheres so firmly there is'no escape. The fur is not marred for its decorative purposes. It sounds savage, but savages did not invent such refinements of cruelty, One of ihe most Pious prelates of

WALTZ | . BY MARY WARD = What a sweet, melody comes to Boks, ang music from an

old violin - That he “holds so fondly ] * chin,

And’ ose 0 1 his cheek grown aged and sere—

your letter short, |

‘record of their party,

‘people in the most s

| ‘LONELIEST MONARCH’ |By B. C.

New England invented the steel trap, repeating the ordeal of crucifixion he so greatly condemned. Many states have legislated against the steel trap by state-wide action or by local option. Is it too much to hope that Indiana may add the desirable ' attribute of humanity toward helpless animals?

® » 2 5 G. O. P. DID NOT DESERVE

TO WIN, IS OPINION By David-F. Maish, Frankfort .

When the smoke of battle has

cleared away is a good time fo reflect upon the campaign. It was our belief from the time of the Republican convention at Cleveland that the Republicans had

no chance in the election. With | theirsrecord of 12 years of misrule {:

and mismanagement, ending in the

‘collapse of banking, agriculture and business, still fresh in the minds}.

of our citizens, they needed a lot of nerve to enter the campaign. Far from being the strong aggressive party with elear-cut issues and a platform that applied to reason, it was a party without an issue, - without aggressive, forward looking leaders. It made an appeal to fear, a campaign of fault-finding,

‘suspicion and political prejudice. It

was an alarmist party. 6 deserved

defeat and got if,

This does not mean there are no sincere ‘patriotic citizens who call themselves Republicans and. who still vote the Republican ticket. Tt does mean ‘they are. blind to the which was kept in power for 40 years on the reputation of Abraham Lineoln. With a clear mandate from {he Weeg vietory of American political history, Franklin Delano. elt n ‘can go forward to complete restoration of c nce, prosperity and ; : oan 8

CHINESE EMPEROR CALLED

JX X N

When he occupied fhe dragon dasa of pien Xeh Beal ( ne splendor, ordes of He is now nominally Senda a Manchukue, Japanesecontrolled empire. And, according to a recent news dispatch, he is livetly and almost alone in an ~like balling, “the ome

s ago Edward Everett ale Pa A Man Without a Coun try.” Because of a youthful indisof this fale was ad taied

It Seems to Me By Heywood Broun.

Refuses Post of Ambassador to Vermont = Because of Fears He Couldn't Learn the Language.

ASHINGTON, Nov. 18.—Unlike many visitors, I am here fo resist a favor and avert an appointment. In New York the ugly rumor reached me that I might be ap-

‘pointed as Ambassador to Vermont, and I

am here to say I do not want it. - The post has never seemed desirable to’ me, and it is less s0 now. One alienating factor was a receft letter from an old lady to the Herald Tribuge. “I think,” she wrote, “that. all, good ‘Republicans should Spend. ‘their summer vacations in Vermotit or Maine.” Now, an Ambassador would Bo expected to remain in residenge "not only through the winter but part of the summer, top, and imagine coming down to breakfast in the morning and finding nobody in the dining room but Wale . ter Lippmann, Mark Sullivan and Dave Lawrence! I would be the last to deny that Vermont has its attractions. Like Ceylon’s Isle, it has been richly blessed by nature, and almost every Republican within its. borders can be paired oft against a lake. Indeed, there may be a few lakes left over since a good many Republicans have jumped in. Sundays in June can he exyuisitely beautiful in Vermont, and ‘almost they persuade me to forego my decision in regard to the Ambassadorship. In the early morning one may stand upon a little hill and look down into the valley where the church spires gleam. The rather prim one to the right is the Protestant chapel, and the slightly more ornate. struc ture across the road is the Catholic ohurch, 8» 8 UT Vermont knows sad sights as well. ‘Under a riven oak in sun and rain there sits a red-haired man who babbles incessantly, It is hard to get the drift of his remarks, but. he seems to be saying that he will concede nothing and that everybody must

Mr. Broun

‘wait till morning.

To some extent my refusal to take ‘the Vermont post rests upon sheer laziness. At my age I gravely fear that I could never manage to learn the 1 e. I have a feeling that I can help Republicans in my own way without leaving America at all. I quite agree with Jack Raper of the Cleveland Press that citizens of Maine and Vermont ought to come within the of the good neighbor policy hii hat the United States should never fortify the bord

8 8 »

M notion is that a series of Republican dane.

tuaries be established throughout the United States. Ding, ho 414 a0 wih for ducks duting the

‘recovery. nught very well be appointed conservator

It is said that even under captivity Republicans will do about as well as Bison. od. Iu get them tiwough this frst