Indianapolis Times, Indianapolis, Marion County, 31 December 1937 — Page 4

PAGE 2

~NEW BEAL CITES 60 FAMILIES AS |

PROGRESS. FOES

Ickes Uses Names in Adding To Jackson’s Criticism Of Capitalists.

WASHINGTON. Dec. 31 (U.P.).— Naming names in counter attack against-demands that the Administration relieve business of some of its tax and regulatory burdens, New Deal spokesmen have indicted the _nation’s wealthiest and most powerful families as obstacles’ to £CoROmie

progress. Secretary of Interior Harold IL. Ickes last night broadcast what appears to be one of a series of Administration attacks on nionopoly, concentrated wealth and big business. ! He was preceded by. less than a week by Assistant Attorney General Robert H. Jackson who, in two speeches, charged that monopolistic business had precipitated recession and suggested that a financial oligarchy was conducting a strike of capital to coerce the New Deal.

Jnterpretations Vary

Washington * variously ‘ interprets these speeches, but there is general agreement that they foretell a Congressional showdown on New Deal legislation which foundered in the special session and on a new program to restrain big business by Federal control, perhaps by requiring Federal ‘Heense for- interstate

corporations. ° Senate Republican Leader Charles L. McNary said that the Jackson-Ickes ‘speeches were New Deal -alibis against responsibility for business recession. Observers’ speculated on whether the : concerted attack grew out: of discussion on President Roosevelt's recent Florida - vacation during which Mr. Jackson and Secretary Ickes were members of the party. Secretary Ickes, ‘especially, said that there was need for immediate 1.gislation—at- the session of : Congress beginning - next week—to guarantee America’s future. Both Mr. Jackson and Secretary Ickes departed from the President's strategy of discussing and criticizing unnamed individuals. He repeatedly has referred a recalcitrant but anonymous “10 per cent” of business and often identifies merely by vocation individuals whose ideas he challenges. But the New Deal Christmas week speakers named names in unmistakable fashion, especia. the “60 families” which have been listed as the dominant factor in American economic life,

Sloan and Knudsen Named

Mr, Jackson "named Alfred P. Sloan ‘and William S. Knudsen of General Motors. to emphasize high executive salaries in contrast with what he regards as proportionately low returns to labor. Secretary Ickes last night counselled big business to purge itself of as, Fords, its Girdlers and its 'Rands.® Mr. Jackson and Secretary Tekes' speeches were much” alike and in passages conveyed identical ideas in strikingly similar language. Both apparently had drawn heavily upon Ferdinand Lundberg’s “America’s 60 Families,” a book published recently Mr. Jackson merely mentioned that group, but Secretary Ickes directed most of his speech to it. - The ‘double-barrelled challenge to “America’s 60 Familites” sent Washington hurrying to its bookshelves today to identify the group swept by ‘the Christmas week New Deal barrage. Mr. Lundberg, former Wall Street reporter for the New York Herald-Tribune, wrote a fat volumg of 500 pages keyed to its opening sentence, which was as follows: “The United States is owned and dominated today by a hierarchy- of 60 of the richest families, buttressed by no more than 90 families of lesser wealth.”

Rockefellers Come First

On pages 26-27, Mr. Lundberg noniinates his 60 families beginning with the Rockefellers, He reported —all ‘based on 1924 data—that there

were 213 Rockefeller income tax returns showing an aggregate tax of $7,309,989. He estimated net income

taxed at $17,955,000, net aggregate | 000

fortune ‘faxed at $389,100,000; gross Rockefeller family fortune at $1,077,300,000. Mr. Lundberg said he arrived ‘at actual or gross fortunes by multiplying the net aggregate taxed fortune by three. He believed that was comparatively accurate, explaining that much .wealth was tax-free. Mr. Lundberg’s golden roll call comprising the family or group name, the number of tax returns it filed, the source of income and his estimate of “gross adjusted fortune,” was as follows: . Rockefellers, 21, Standard Oil, $1,077,300,000 (B); Morgan inner group, 34, (including Morgan partners, Morgan families and eight ‘leading Morgan corporation executives) J. P. Morgan & Co., $728,000,000; Fords, 2, Ford Motor Co., $660,000,000; Harknesses, 5, Standard Oil, 600,000; Mellons, 3, Aluminum '$450,000,000; Vanderbilts, 22, N. . Central R. R., - $360,300,000; Whitneys, 4, Standard Oil, $322,000,000; Standard Qil Group (including Archbelds, Rogerses, Bedfords, Cutlers, Flaglers, Pratts and Benjamins), 28, Standard Oil, $356,000,000; du Ponts, 20, GE I. du Pont de Nemours, $238,500

a Included . McOormicks, * 8; International Harvester and Chicago Tribune,

$211,200,000; Bakers, 2, First National Bank (N. Y.), $210,000,000;

Fishers, 5, General Motors, $193,500,- |

Smelting & Refining 000; Fields, 6, Marshall Field & Co., $180,000,000; Curtis-Boks, 5, Curtis Publishing Co., $174,000,000; Dukes, 3, American Toba cco Co., $156,000,- - 000; ‘Berwinds, - 3, Berwind-White Coal’ “Co., $150,000,000; ‘Lehmans, 1m, eners, 3, American Tobacco and public ullities $188,500,000; Reyn1, R. J. Reynolds T Tobacco Oo,

-‘Guggenheims , 8, American

Co., $190,100; |

‘inand Lundberg in his book, “Ameri-

3 left their fortunes to their families.

Congressman Thinks Speech Foreshadows F. D. R.’s Message.

_ (Continued from Page One)

tional Broadcasting Co. network last night, Secretary Ickes warned “the Bourbons of the 60 families who control America’s wealth” that unless they co-operate, new: and more stringent laws will be enacted under the New Deal. ¢ In addition to pointing apparent. ly at those families named by Ferdi-

ca’s 60 Families,” Secretary Ickes advised big business to purge itself of “its ‘Fords, its Girdlers and its Rands.” Referring to the National Labor Relations Board decision against the Ford Motor Co. Secretary Ickes said that Henry Ford is “in what amounts to open rebellion against his Government.” “In thus defying constituted authority Mr. Ford is not entitled to the respect of the decent, law-abid-ing citizens of America,” Secretary Ickes said. “With the present attitude of big business toward the effort of the American pegple to protect themselves against bigger business, the only hope for a cessation of new rules for the game is for big business to adapt itself to and accept the presen} rules of the game,” Secretary Ickes warned.

Say¢ Strike Threatens

“The private businessman: who seeks to do business for a profit commensurate with the risks he takes and with the effort He puts into the: business will never have any trouble with the Government, of the United States because this kind of businessman is part and “parcel of the great mass of people of the United States who control Government.” Secretary Ickes said that the United States was threatened with its “first general sit-down strike” of the 60 families who control much of the nation’s wealth. “To the 120 million people of the United States, they (the 60 families) have made the threat that unless they are free to speculate free of regulations to Frotest the people's money; unless they are free to accumulate through legal tricks by means of corporations without paying their share of taxes; unless they arq free to dominate the rest of us without restrictions on their financial or economic power; unless they are once more iree to do. all these things, then the United States is to have its first general sit-down

strike—not of labor—not of the American people—but of the 60 | families and of the capital created by the whole American people of which the 60 families have obtained control.” -

Struggle for Power

Secretary Ickes said that “a new America is developing in the womb of time” and that, just as in Europe, a struggle: for power was going on in: this country. In‘ America, "he said, it is “the old struggle between the power®of money and the power of the democratic instinct.” During recent months, he said, this struggle had come with an intensity and more openly than ever before. Secretary Ickes said that approxi-

000; Clarks, 3, Singer Sewing Machine Co., $90,000,000; Phipps, 16, Carnegie Steel Co., $89:100,000: Kahns, 4, Kuhn, Loeb & Co., $86,400,000; Greens, 2; stocks and real estate, $72,000,000: Patterson, 2, Chicago Tribune, Inc. $60,900,000; Tafts, 3, real estate, $54,000,000; Deerings, 3, International Harvester, $49,500,000; De Forests, 6, corporation law practice, $41,100,000; Goulds, 5, railroads, - $33 900,000; Hills, 3, railroads, $21,600,000; Drexels, 2, J. P. Morgan-& Co; $21, 000,000; Thomas Fortune Ryan,. stock market, $108,000,000;, H. : Foster (Cleveland), auto parts, $106,000,000; Eldridge Johnson, Victor phonograph, $75,000,000; Arthur Curtiss James, copper and railroads, $75,000,000; C. W. Nash, automobiles, $66,000,000; Mortimer Schiff, Kuhn, Loeb & Co., $66,000,000; James A. Paten, wheat market, $60,000,000; Charles Hayden, stock market, $60,Orlando F. Weber, Allied Chémical and Dye Corp., $54, 000,000; George Blumenthal, Lazard Freres, $54,000,000; Ogden L. Mills, mining, $48,000,000; | Michael Friedsman, merchandising, $42,000,000; Edward B. McLean, mining, $42,000,000: Eugene Higgins, New . York _ real estate, $42,000,000; Alexander S. S. Cochran, textiles, $42,000,000; Mrs. L. N. Kirkwood, , $37,500,000; Helen Tyson, , $36,000,000; Archer D, Huntington, railroads, $34,500,000; James J. Storrow, Lee Higginson & Co., $34,500,000; Julius Rosenwald, Sears, Roebuck & Co. $30,000,000; Bernard M. Baruch, stock market, $37,500,000, and S. S. Kresge, merchandising, $30,000,000. Beginning with Thomas Fortune Ryan, Mr. Lundberg says his list names individuals who paid family taxes. Some of them are dead but (Mr. Lundberg said most of them

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Senator McCarran Condemns Ickes’ Talk for ‘Setting Class Against Glass’; s Address Mentions Capitalists’ Names|

half of the nation’s wealth is in corporate form and half of this is. under the domination of 200 corporations. These groups in turn are controlled by what the Cabinet; officer called “America’s 60 families.” “Eight years ago America’s 60 families had held in their hands, since the close of the World War, complete dominion over the economic . and political life of this country,” Secretary Ickes said. “They had lulled the American people into the conviction that ify the people would grant conditions -in which these 60 families would ‘have confidence that they could do’ as they pleased, the 60 families would put’ capital to work; enterprise would boom, wages would rise, stocks would soar and there would be two cars in every garage. ‘Confidence Misplaced’

“The people gave the 60 families this confidence; gave she 60 families this trust in their benevolent despotism; in short, gave the 60 families THEN what they ask for TODAY—and what happened? Out of their divinely claimed genius as managers of private enterprise, the 60 families promptly led the American people into the worst peacetime catastrophe ever known. “Then the disillusioned people changed the Government. “The new Government bailed the 60 families out of the consequences of their own mesmeric miscalculations and their unintelligent leadership of the system of private enterprise of which they had pretended to be master managers. It preserved the corporate structures in which their capital was invested from going through the wringer of bankruptcy and reorganization and stock assessment.”

‘Saved From Incompetence’

A by-product of this preservation of the capital structure, Secretary Ickes said, was saving “the management structure from going through the wringer to squeeze out incompetence and big salaries.” “Then Government sought to modify the way in which the business of the nation was done so that business confidence would be based upon the well-being and purchasing power of 120 million people at the bottom standing on their own feet rather than upon the license of the 60 families at the top and upon their promises, in return for that license, to permit the gravy of their benevolence to trickle down upon the exploited millions at the bottom,” Secretary Ickes said. “Government DID) get the economic system back on its feet; DID succeed in doing a job where the 60 families had failed.” Last spring, Secretary Ickes said, the Government had the business turning over so well that it thought it could safely heed the pleas of private enterprise to Government to abandon the economic initiative.

‘Families Forgot Nothing’

“Pursuant to these pleas Government cut down public expenditures to keep up purchasing power in order to meet the insistence of private enterprise that business confidence would be greater if Government would take steps to balance the budget—assuaged the fears of the head of the biggest. bank in the

{United States about runaway infla-

tion—and. turned over to the managers of private enterprise the responsibility they had said that they were eager and willing to assume.” Secretary Ickes said two things then happened. “First, the 60 families that were master-minding private enterprise proved to have learned nothing nor forgotten nothing since. 1929 about the management of business under modern conditions. They made the same mistakes they had made before 1929. They ran the stock market up and helped it get started down. They did little or nothing to increase the purchasing power of labor to make up for the Government withdrawals and then ran prices to the sky so that the consumer refused to spend what. they graciously let. him earn. . . . “Second, the 60 families, unwilling to learn to do- business ‘upon the democratic terms of 1937, began to make demands and threats.’ “To the 120 million people of the United States they have made: the threat that the professional operators of the American economic System, and the professional managers of the capital funds of the United States (capital to which every American man and woman over four generations has contributed .sweat and blood)-—will refuse to operate that economic system, will refuse to let that capital be employed—unless they are once more given full power to wreck American democracy in their own sweet way.” Secretary Ickes said.

Confident of Victory

A threat of Araerica’s “first gen-

eral sit-down strike” has been made,

Secretary Ickes said. “If the American people “call this bluff, then the America that is to be will ke a democratic ‘America, a free ‘America. “If the American people. Field to this blu, then the America that is to be will be a- big-business Fascist America — an “enslaved America.

“The future of America . depends

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upon. Whether big business can— now, within the: ‘coming ‘siession of Congress—be compelled tc conform to our laws, be compelled to accept the will of the. majority, be compelled to co-operate wi the rest. of us in trying.to make demdcracy work.” : Secretary Tckes said” ‘some say | that the fight cannot be won. “According to them, the New Deal middle-of-the-road policy: 10. pre-. serve a democratic’ system of free individual enterprise is estineg to fail,” Secretary*Ickes said. “They say that economic power

and political power ‘cannét be sepa- |

rated. “economic power won't

to make it confused or un= | workable. If the act passes they| 1 hire lawyers to find ways around it, | to create delays with guesiions 0 of _constitutionality, to embarrass th ‘administrative. machinery. “with | the help of their lawyers they live | in a state of confusion with the} |law for several years, while the| problem is: growing beyond the ca-’ pacity of the law in the first form

which has to go even. further ‘than the first one to meet the problem that, has been aggravated by delay. '«Is private enterprise so politically blind as not to see that so long as it fights and emasculates the present. laws relating to “labor, Teto adjust itself to “the great:

laws represent, the result will be {only more stringent laws?” = ‘Might Put House in: Order’

its own house in order by correcting:

play thes game, cannot be made to}th: high-handed practices, or by

submit to ‘democratically = devised laws unless those laws are agreeable to it, then political power inevitably must be yielded to those who have economic power. Monopolistic business may be content to permit the politicians to run the obvious machinery of elections, but big business will insist on controlling the real exercise of the powers of government. But I am sure that the fight. can be won.” Secretary Ickes said he was une

willing to believe that “private eco- | Peop

nomic power will succeed in again securing mastery of the government of these United States.”

Charges “Bourbon” Domination

“And I am convinced that the fight can be won if the American people understand that the present struggle is not between the New Deal and the average enlightened businessman, but betwe:n the New Deal and the Bourbons of the 60 families who have brought the rest of the businessmen of the United States | under the terror of their domination, ” Secretary Ickes said. “Those who try to make it appear that President Roosevelt is fighting business, use of the word ‘business’ with a special meaning. When they speak of ‘husinessmen’ they -refer to a small group of big business monopolists. These are the people whose power President Roosevelt challenged during his first Administration and whose power he is determined, on behalf of the whole American people, to master during his second Administration.” Secretary Ickes said that big business must be controlled if our democracy is to survive and that our Government knows no privileged class and intends to acknowledge none. Cites Rockefeller Jr, America has developed a “system of moneyed aristocrats, of corporate earls, of ducal economicoverlords,” Secretary Ickes ° said. “The moneyed aristocracy of America constitutes an even greater menace to our institutions than would a titled class with vintaged handles to their names.” : Citing John DI. Rockefeller’s Jr. fight to oust an official of one of his own companies, Secretary Ickes said: : -s : “Stockholders of a large corporation, like" thé'subjects of a Fascist state, have only the right to vote ‘Yes.’ ” “The fact is ‘that uader a democratic form of government we have fostered’ and permitted to grow up economic autocracies which are stronger than government. Here we find one of the strangest anomalies: in all history—America, democratic in. form, but autocratic in substance; America, the land of majority rule, but controlled, at least until 1933, by monopolies that in their turn, are controlled by a negligible number of their stockholders. Secretary Ickes said many of America’s greatest historical figures are known for “their persistent and courageous fight .to prevent and control * the - overcoricentration of wealth and power in a few hands.” He cited Thomas Jefferson; Andrew Jackson, Abraham Lihcoln, Theodore Roosevelt, Woodrow ‘Wilson and President Roosevelt,

“Fight Bills in Congress”

“Big business cannot treat with government as one sovereign power with another,” Secretary Ickes said. “Big business in America must learn to get along with public opinion as business has learned in England. “In this country, what happens? Business tycoons, unable on unwilling to see beyond the ends of their noses, fight a long overdue statute furiously in Congress and in the

purging itself, of its Fords, its Gird-

sumes to tell the people what they should or should not do about. troubles caused by la laws. Big Dusiness should wash in strong fectants so that it “can come into the court of public! opinion with clean hands.” Secretary Ickes said legal regulations of business and capital are “an expression of the most basic po- | litical instincts of the American ple.” .. “ “To speak bluntly and realistically, the t requirement for a better understanding between business and government is for big” business to |call off its lobbyists, call off its newspapers and commentators, call off its lawyers—smart enough to keep government in trouble but not wise enough to get business out of trouble—and play ball with the American people under rules that appeal to our fundamental instincts,” » Secretary Ickes said. “If big business temporarily succeeds in this way not only does democracy lose, business loses, too. For if the new America is. a democratic America the peoplé once mulcted will return to the attack with re=doubled fury. And if the new America starts out as big business Fascism it will end as do all Fascist regimes—with Herr Goering’s fouryear plans and Signor Mussolini's capital levies. Points to Conditions Abroad

“The insurrecto lords of American big: business, as human beings, as businessmen, and as owners of capital, will’ sooner or later learn that they are far safer with the democratic aspirations of Lincoln's common people than with the methods of the war lords across the waters. They have only to look abroad to discover that while in its theory Fascism is ‘controlled capitalism,’ before long there is always someone ready and able to seize control of ‘controlled capitalism.’ “But the American people, if they are wise, and if they see their problem in time, will never permit the lords of big business the opportunity to make & mistaken choice. = The new America must be a land of free business, not of ruthless big business—a land of free men, not of economic slaves.”

VanNuys Warns of Business Criticism

Times Special ; WASHINGTON, Dec. 31 .—Sharp criticism of the attacks on business made in speeches by Interior Secretary Harold Ickes and Assistant Attorney General Robert Jackson was voiced today by Senator VanNuys, “It “is not understandable why Secretary Ickes and Mr. Jackson should see fit to add to the present unfortunate estrangement between private industry and Government,’ » the Senator declared. “The Administration and business leaders have’ been trying to compose their differences and work together in an effort to ‘stop the present business. recession. Continued attacks like those of Secretary Ickes and Mr. Jackson will defeat these efforts. x : : “I am not defending monopolies or any illegal practices in the business world. If they exist they should be exposed and prosecuted without fear or favor. Such prosecutions will not injure legitimate business. They will help it. “Such wholesale indictments as those of Secretary Ickes and Mr. Jackson only add to the uncertainty and fear, which in my opinion are largely responsible for our present distressing situation. “Lets prosecute the offenders, but encourage a more sympathetic understanding and co-operation with legitimate private industry. In no other way can we hope for an early solution of our instant economic

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Before Embarking Upon Its Second Century DePauw Pauses to Examine Itself Through Three Great ‘Educational Conferences. Entitled:

_ LIFE LOOKS AT THE COLLEGE!

‘Jan. 14—The Church and the College. Feb, ‘5—Business and the College. Feb, 18—The Professions and the College.

New Year's Day

[mg es tf tng | with loopholes or loading it with |

to meet it. The inevitable result | is another law in a few more years t.

tide of public opinion. ‘which hose : : 1% the:

“Big business ‘might wisely pit

lers and its Rands before it pre-|

‘weetol not only o Saas oo ral Arts Colleges everywher

ollege Econothists and

New Deal Labor O Officials ‘Oppose Lowering ‘Wages

Contradict Theory “Downward Adjustrient’ Should ; Aempony, Recession at Annual Meeting;

Vad Union Split Boosts Salaries.

By HERBER

$k

oN ~

"- Times ml Writer

ATLANTIC ‘CITY, Dec. ‘31. —Assertions 1 many : Jichnomists that wages should be “adjusted” downward in the recession me: with flat concradighion today by New Dealers and some “college economists.

Leo Wi

an. Columbia University labor expert, touched off fireworks al meeting of ‘the American Economic Association with a that ‘wages are too high, and prediction. that they cannot be

ide AY down. Amore other things, the A. F. of] L.-C

I. O. split helps keep wages up because each group is striving to provide higher wages than the. other, he said. Isador Lubin, chef of the U. S. Bureau of Labor Statistics and a leading / New. Deal adviser, denied that the recent rapid wage boosts

| indicated increased costs per unit

of “production. ‘ “Tt must be borne in mind,” Mr. Lubin said, “that the largest portion of American factory labor works on a piecework system, and that the hourly productivity of labor has

{ markedly increased in many indus-

tries, consequently, the increased hourly earnings of ‘labor in ‘many instances are primarily a reflection of increased labor output. “In some cases, actual labor unit costs have declined in the face of increased wage rates and higher hourly earnings.”

‘Would Discourage Investment?

Another reaction came from a Harvard economist, Lorie Tarshis, who asserted that in a situation where many prices are maintained in the face of lack of sales, a wage reduction would discourage rather than encourage investment. And most of the economists here have agreed that lack of investment money is the root of current business evils. Dr. Tarshis admitted that most economists have believed that wage reductions, by reducing the costs of goods, would promote investment, thereby booming business. But he made it clear that he believes the contrary would happen. He said wage-slashing would not help business unless it was accompanied by slashes in so-called “administered prices” such as those on building materials, steel and other commodities which usually fail to decrease in the early stages of depression. He also asserted that establishment of minimum wages by law would “redistribute income” to the advantage of labor, thereby tending to improve investments. The more than 1000 economists were on their way back to classrooms, business offices and Goyernment burgaus today after hearing each other’s diagnosis of economic conditions. Many of the analyses were directly pointed at the current recession. Most of them disagreeing. Dr. Albert Gailord Hart, University of Chicago, attracted much attention with a’ mathematical gnalt ysis indicating that business to some extent followed the advance expectations: of businessmen themselves. From this he proceeded to the gloomy prediction that-just now, because businessmen are gloomy, nothing that the” Government can do, publicly at least, will do any

Suggests Muzzling of Agents He wound up by suggesting. that the New Deal muzzle its press agents, on the ground that even if the Government did something good the business men wouldn't trust it if if were publicized. Dr. Hart was attacked from the

floor by several speakers, one of |

whom commented that if Dr. Hart were right the only function of government as far as business is concrened would be “to make a joyful noise.™ : Dr. Woman's Cassandra-like peek into the future blamed governmental policies for increases in both labor and material costs. “It is noforious,” he said, “that

TRUCK TAX SUIT RULING DELAYED

Oral Arguments Finished; Judge Markey Orders Briefs Be Filed,

Superior Judge Josep Tr Markey today said he would delay his rul-

‘ing on the Stdte’s demurrer to the

private truckers’ suit attacking the constitutionality of the truck weight tax suit. Oral arguments on the State's answer to the suit were completed yesterday. Judge Markey has asked opposing parties to file briefs before the final ruling. / The truckers’ suit seeks to restrain the State from enforcement of the tax. The State has agreed to delay enforcement of the law pending the outcome of the litigation. Truckers claim the tax, based on the size of truck tires and weight, is discriminatory and that the law is class legislation. The State contends the law is constitutional on the grounds that the Legislature has the right to tax vehicles using the State Highways and to set up its own tax classifications.

have been pushed to a level that;

prevents the construction of new houses on a . basis commensurate with curernt requirements. The Administration, and with if public opinion, has never faced the utter fallacy of trying to loost income, output and employment by raising costs. “We have apparently yet to learn the lesson that high wage rates do not of themselves guarantee a high labor income and full employment. We have too often put the cart before the horse.”

The A. F. of L-C. I. O. row, in addition to “supporting existing wages, will tend to raise them again when business begins i improve, Dr. Wolman added. “We enter the next phase of business, whatever it may be,” he concluded, “with the costs’ of labor already ‘high.’ In the: current depression the elements that go “to make up labor cost are stubbornly resisting the forces of adjustment. As far as one can see into the future, the policies of Government and organized labor end the effects of our unemployment compensation laws will combine to fix labor cost pretty much where it is today. “This, in my judgment, is a labor climate not favorable to the largescale expansion of investment and hence of smployment and earnings.”

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Purdue University Extends

a New Year's Greeting

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. be focused on enhancing,

“ices of the University.

projects.

The University exists as a servant of the peaple: of the state and nation: Its efforts during 1938 will

the comprehensive services which enter into the evervday life and progress of our great state.’

During the past year—

More than 6,200 students received instruction in Agriculture, Home Economics, Civil, Chemical, Elec- * trical or Mechanical Engineering, Engineering Law, Public Seryice Engineering, Pharmacy, Industrial : Education and Physical ‘Education.

In addition to the resident student bos, more than: 30,000 others received direct, practical help from "the nearly four score short courses, conferences and conventions held on the campus.

. Approximately 3, 000, 000 Indiana’ residents were given direct aid through the various extension serv-

Scores of significant contributions of incaleuable value to the common good came frora Teseareh :

“As Purdue. Goes Forward, 5 the! State Goes Foran

if possible, the value of

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C

‘Worth of Rolling Stock During Year, -

More than 68 million persons jude trolleys and busses of the In olis Railways system during 1 the cornpany announced today. The total represents a 3 per. gent increase over 1936. , During 1937 new rolling stock worth $900,000 was placed into serv ice, officials announced. Fifty-seven trackless trolleys ‘and 24 motor coaches were added during the year, Indianapolis, with 152 trackless trolleys, is now tied with Chicago as having the largest fleets in/the

country, it was stated.

Officials cited as progress made by the system during the year a 3-cent hourly wage increase, affect ing more than 1000 emloyees. Construction of new garage and shop buildings, begun in April, is now two-thirds complete. Total cost of the structures is expected to reach $809,000. The modernization

{| program outlined by system officials

during 1937 will thus reach ‘com= pletion early in 1938, officials said.

JOHN SULLIVAN IS DEAD

Jokn IL. Sullivan, City fireman since 1930, was found dead today in the gas-filled basement of his home at 12 S. Harris Ave. He was 37. Dr. Hugh Thatcher, deputy corse oner, returned a verdict of suicide, Mr. Sullivan had been assigned to Engine Co. 19, Harding and W, Morris Sts. Funeral services will be held “Monday. Survivors are the wife, Mrs, Blanche Sullivan; three sons, Harry, John: and Thomas Sullivan, and brother, Joseph H. Sullivan, all of : Indianapolis.

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