Indianapolis Times, Indianapolis, Marion County, 3 January 1938 — Page 5

FOR MAPS AID TO BUSINESS IN ~SSSAEC | MESSAGE SCORING TRUSTS AND SEE 1BANDONNG BALANCED BUDGET

fected related industries. The con- : struction of homes and other build- | ; hs : ol : ] catities not only by. unnecessary | President Asks Congress for Increase in Revenues With-

calities not only by unneces: : . high prices for materials, but alsoby | out Rise in Tax Rates; Estimates Seven Billion Annual - Expense and Suggests Stronger Navy.

Text of Roosevelt's ‘State of the Union’ Message

porations to maintain high prices and withhold from the public the advantages of the progress of science; unfair competition which drives the smaller producer out of business locally, regionally or even on & national scale; intimidation of local or state government to prevent the enactment of laws for the profection of labor by threatening to’

The second is that the Congress and the executive join hands in eliminating or curtailing any Federal. activity which can be eliminated or curtailed or even postponed without harming necessary Government functions or the safety of the nation from a national point the lowest per capita wealth and|of view. The third is to raise the’ income; therefore, the lowes! ability | pi power of the nation to to pay taxes; and, therefore, inade- | the point that the taxes on this|move elsewhere; the shifting of acquate functioning of local Govern- | purchasing power —or, in other |tual production from one locality or ment, words, on the nation’s income—will (region to another in pursuit of the Such communities exist in the | be sufficient to meet the necessary | cheapest wage scale. Se : East, in the Middle ‘West, in the | expenditures of the national Gov-| The enumeration of these abuses Far West and in the South, Those | ernment. , {does not mean that business as a who represent such areas in every| I have hitherto stated that, in my | Whole is guilty of them. part of the country cio their con- | judgment, the expenditures of the|ls deception that will not long destituents ill-service by blocking | national Government cannot be cut [ceive to tell the country that an efforts to raise their incomes, their | much below seven billion dollars a |attack on these abuses is an attack property values and, therefore, their | year without destroying essential |on business, whole scale of living. Ie Jong Junetigns or letung people siarye. minimum adequate price under the Tun, profits from. c abor, | That sum can be raised an low pay and overwork inure not to | cheerfully provided by the American normal processes of the law of 'the locality or region where they le, if we can increase the nabeen kept at peace despite provoca- | ~ tions which in other days, because

the United States where the average family income is pitifully low. It is in those communities tkat we find the poorest educasioral facilities and the worst conditions cf health. Why? It is not because they are satisfigd to live as they do. It is because those cominunities have

First, to cut our cost of farm production below that of other nations —an obvious impossibility in many

WASHINGTON, Jan. 3 (U. P.).—Following is the text of President Roosevelt’s mes- e19pg follay unless we. fever} human siavery or equiv o Spe Congress on the state | ™ ond, to make the Government the nation: the guarantor of farm prices and Ty Congress of the United |the underwriter of excess farm pro-

duction without limit—a course In addressing the Congress, on|which would bankrupt the strongest the state of the nation, present|Government in the world in a facts and future hazards demand | decade. : that I speak clearly and earnestly| Third, to place,the primary re"of the causes which underly sponsibility directly on the farmers © events of profound concern to all.|themselvesy under the principle of In spite of the determination of

majority rule, so that they may dethis nation for peace, it has become | cide, with full knowledge of the facts clear that acts and policies of na-

of surpluses, scarcities, world martions in other parts of the world

kets and domestic needs, what the planting of each crop should be in upon their immediate neighbors, but also on us:

order to maintain a reasonably ade- : quate supply which will assure a ‘I am thankful that I can tell you that our nation is at ce. It has

certain hourly wage scales. For economic and social reasons our principal interest for the near future lies along two lines: First, the immediate desirability of increasing the wagés of the lowest Again, it paid grou, all try; ‘second, in thinking in term of regularizing the work of the individual worker more greatly through the year — in other words, in thinking more in terms of the worker's total pay for a period of a whole year rather than in terms of his remuneration by the hour or by the day. In the case of labor as in the case of capital, misrepresentation of the policy of the Government of the United States is deception which will not long degeive. In hoth cases’ we seek a every case power and respon must hand in hand. y 5p I have spoken of economic causes which throw: the nation’s income out of balance; I have spoken of practices and abuses which demand correction through the co-operation of capital and labor with the Government. But no Government can help the destinies of people who insist on putting sectional and class= consciousness ahead of general weal. ere must be proof that sectional and class interests are pre-

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“specific abtises” at which a subsee quent messsge on’ business legisla= ° tion will be directed. Mr. Roose= velt said most people believe “cer tain practices” should be endad, and set them down as: 1. Tax avoidance through corpo rate and other methods. 2. Excessive capitalization, investe ment write-ups and seeuritics mae

played poor citizenship or engaged in practices “which are dishonest or definitely harmful to society.”

“This Statement Is True”:

“This statement is straightforward and true,” he added, evidently recalling speeches in which Secretary of Interior Ickes and Assistant Attorney General Jackson attacked big. business. “No person in any re- | nipulation. sponsible place in the Government| 3. Price rigging and collusive bidof the United States today has ever | ding. : . taken any position contrary fo‘it.”| 4. High pressure salesranship But the President ocmplained | which creafies cycles of overproduce {that attacks on these “small|tion and consequent recessions. minorities” had been distorted de-| 5. Use of patent laws to enable liberately by those under Are into [larger corporations to maintain an attack on all capital. | high prices and withhold advantages Mr. Roosevelt expressecl confi-| of scientific progress. ) dence of enactment of a sound crop 5 Sus Sumpestiion gi drives control bill. He repeated his re-|Sm oduc os quest that Congress enact minimum | 7. Intimidation of local or state wage and maximum hours legisla- | OVernmenis to prevent eractment tion, authorize reorganization of | Of 1aws protecting labor by threats Government departments and es-| 10 remove elsewhere, tablishment of a regional planning |, 8 Shifting Production from one system to recommend methods of | 0° Y 2 8 i p expending Federal funds for 'de- Cheap 8 . velopment of land and water re- Rebuke to Southerners sources throughout the nation. ‘ hs, t these a . The President, sad bis integrated | sock oe Aeration of these abuses

HITS ‘EcoNoMIC CONTROL’

Supply. sad SSIAnd. SY of supply i exist but to the absentee owners | tion’s income to a point well beyond but not glut. It means adequate re- | Who have sent their capital into the present level. serves against the day of drought. It | these exploited communities io does not mean that as the in truth insurance before the fact, |industries which bring permanent |..." on the contrary, the Congress instead of Government subsidy after | Wealth will come more readily 10 |.,4" the executive should use every the fact, those communities which insist on effort to hold the normal Federal Any such plan for the control of good pay and reason:ble hours, for expenditures to approximately the excessive surpluses and the specula- | he simple reason tbat there they | resent level, thus t possition they bring has two enemies. | Will find ‘a greater. industrial ef- io Gin an increase in the nation’s There ee those well-meaning | ficiency and happier workers. income and the resulting /increase theorists who harp on the inherent No reasonable person seeks. a in tax receipts, not only td balance right of every free-bofn American |Complete uniformity in wages In |e...0 pudgets, but to reduce the fo do with his land what he wants— | Very pert of the United States; | 300 © ’ ‘to cultivate it well—or badly; to con- | DOF does any reasonsable person | “Cp... wih this polic fall my : s timbe by cutting only the |Séek an Immediate and drastic | mer recommendations for the reTr eer to Shange om Ine lowest Doyo the organization and improvement of strip 1; clean, let Gre burn the lash. | juurey” oniy | legislation. fo end | tie administrative stfuctirs of, fhe and erosion complete the n; starvation ‘wages and intolerable i hoods. and, for the planraise only one erop—and if thal crop hours; more desirable wages are | éXécuilve needs fails, to look for food and support tinue to be the prod- | ning of future national needs. I iy and should continue to Prog= | renew those recommendations. In relation to tax changes, three

er group of problems affectbusiness, which cannot be termed specific abuses, gives us food for grave thought about the future. Ge y such problems arise out of the concentration of economic control fo the detriment of the ‘body politic—control of other people's money, » other people’s labor, other people’s lives. In many instances such concentrations cannot be justified on the ground of operating efficizncy, but have been created for the sake of secugities profits, financial control, the suppression of competition and the ambition for power over otiers. In some lines of industry a very small numerical group is in such a position of influence that its actions | pared more greatly than they are are of necessity followed by the today to be national in outiook. gther units operating in the same — eld. A That such influences operate to

The people of the United States and the Government of [the United straint and a civilized approach to - the purposes of peace, while at the BY same time we maintain the integjl * rity inherent in the sovereignty ~~ of 130 million peoples, lest we weak- . £ en or destroy our influence for ~ peace and jeopardize the sovereignty itself. It is our traditional policy to live at peace with other nations. More than that, we have been among the leaders in advocating the use of pacific methods of discussion and - conciliation in international differences. We have striven for the reduction of military forces.

Tom his neighbors or his Govern- |, ; of collective bargaining.

‘WE MUST KEEP STRONG’

But in a world of high tension and disorder, in a world where stable civilization is actually . threatened, it becomes the responsibility of each nation which strives for peace at home and peace with

and among others to be strong

. enough to assure the observance of those fundamentals of peaceful solution of conflicts which are the only ultimate basis for orderly exnce. : Resolute in our determination to

respect the rights of others, and

to command respect for the rights of ourselves, we must keep ourselves adequately strong in national defense, There is a trend in the world away from the observance both of the letter and the spirit of treaties. - We propese to observe, as we have in the past, our own treaty obligations; but we cannot be certain of reciprocity on the part of others. Disregard for treaty obligations

That, I assert is not an inherent

things should be kept in mind.

assets.

right of citizenship. For if a man farms his land to the waste of the soil or the trees, he destroys not only his own assets, but the nation’s Or if by his methods he makes himself, year after year, a financial hazard of the community and the Government, he bedomes not only a social problem, but an economic menace. The day has gone by when it could be claimed that Government has no interest in such ill-considered practices and no right through representative methods to

top them. :

The other group of enemies fis perhaps less well-meaning. It includes those who for partisan purposes oppose each and every practical effort to help the situation, and also those who make money from undue fluctuations in crop prices.

HOPES FOR SOUND LAW

I gladly note that measures which seek to initiate a Government pro-

ASKS ‘COMPLETE’ ACTION

Many of those who represent great cities have shown their understanding of the necessity of helping the agricultural third of the nation. I hope that those who represent constituencies primarily agricultural will not urderestimate the importance of extending like aid to the industrial third. Wage and hour legislation, therefore, is a problem which is definitely before this Congress for action. It is an essential part of economic recovery. It has the support of an overwhelming majority of our people in every walk of life. They have expressed themselves through the ballot box. : Again I revert to the increase of national purchasing power as an underlying necessity of the day. If you increase that purchasing power for the farmers and for the industrial workers—especially for those in both groups who have least of it today— you will increase the purchasing

First, the total sum to be derived by the Federal Treasury must not be decreased as a result of any changes in schedules. Second, abuses by individuals or corporations designed to escape tax-paying by using various methods of doing business, corporate and otherwise— abuses which we have sought, with great success, to end—must not be restored. Third, We should rightly change certain provisions where they are proven to work definite hardship, especially on the small business men’ of the nation. But, speculative income should not be favoréd over earned income.

‘CAPITAL IS ESSENTIAL’

It is human nature to argue that this or that tax is responsible for every ill. It is human nature on the part of those who pay graduated taxes to attack all taxes based on the principle of ability to pay. These are the same complainants who for a generation blocked the

control banking and finance is equally true, in spite of the many

efforts, through Federal legislation, |.

to take such control out of the hands of a small group. We have but to talk with hundreds of small bankers throughout the United States to realize that irrespective of local conditions, they are compelled in practice to accept the policies laid down by a small number of the larger banks in the nation. The work undertaken by Andrew Jackson and Woodrow Wilson is not finished yet. ' The ownership of vast properties or the organization of thousands of workers creates a heavy obligation of public service. The power should nat be sought or sanctioned unless the responsibility is accepted as well. The man who seeks freedom from such responsibility in the name of individual liberty is either fooling himself or trying to cheat his fellow men. He wants to.eat the fruits of Srdesly society without paying for

PLEADS FOR CO-OPERATION

|

A Government can punish specific acts of spoilation; but no Government can conscript co-opera-tion. We have improved some mat: ters by way of remedial legislation. But where in some particulars that legislation has failed we cannot be sure whether it fails because some of its details are unwise or because

it is being sabotaged. At any rate,

we hold our objectives and our principles te be sound. We will never go back on them. Governni:nt has a final responsibility for the well-being of its citizenship. If private co-operative ehdeavor fails to provide work for willing hands and relief for the unfortunate, thosé suffering hardship from no fault of their own have a right to call upon the Government for aid; and a Government worthy of its name must make fitting response. : . It is the opportunity and the duty of all those who have faith in Democratic methods as applied in industry, in agriculture and in business,

program was to begin raising the income of agriculture and labor, representing two-thirds of the population, by the foregoing program and that the ren third of the nation, whieh distributes their products or performs services for ine dustry and agriculture would bcnefit, as well. National income had increased, he said, from $38,000,000,~ 000 te $68,000,000,000 since 1932. “Our goal, our objective, is to raise it to $980,000,000,000 or $100,000,000,000,” the President said, explaining that wage and hours legislation was merely to raise incomes of the lowest paid groups and that other upward adjustments would flow from collective bargaining. Mr. Roosevelt cited jurisdictional disputes within labor as responsible for underproduction in some industries and he charged high material prices and “certain hecurly wage scales” had hindered construction in some localities. His language cautiously indorsed the theory of an “annual wage” for labor in contrast to organized labor’s current basis of bargaining for hourly or daily wage rates.

“that business as a whole is guilty of them. Again, it is a deception’

that will not long deceive to tell .

the counti’y that an attack on these abuses is an attack en business.” Mr. Roosevelt's message ‘was a re« buke, without naming them, to Southern Democrats who junked the special session wage and hours bill. - While asserting that somo American farm families live on & level of peasantry, Mr. Roosevelt likewise challenged incomie of ina dustrial wage earners. Communities with pitifully low living standards exist in all parts of the country, he continue. ; “Those who represent such areas in every part of the country do their constituents ill-service by blocking efforts to raise their incomes, their property values and, therefore, their whole scale of living. “In the long run the profits from child labor, low pay and overwork inure not to the locality or region where they exist but to the absentee owners ‘who have sent their capital into these exploited communities to gather profits for themselves.

gram for a balanced agriculture are now in conference between the two Houses of the Congress. In their final consideration, I hope for a sound consistent measure which will keep the cost of its administration within the figure of current Governmeng expenditures in aid of agriculture. The farmers of this na-|fyst et tion know that a balanced output by ato. By Sompiets and not can be put into effect without ex-| "1f it is met—if the purchasing cessive cost and with the co-opera-|power of the nation as a whole—in tion of the majority -of them. |otherwords, the total of the nation’s a as hilam : al ¥ created by |income—can: be still further in- - ! rogram, our|creased—other happy results will farm population will soon be assured flow from such Fi ada of relatively constant purchasing] We have raised the nation’s inpower. From this will flow two come from 38 billion dollars in the other practical results: The consum- |year 1932 to about 68 billion dollars ing public will be protected against in the year 1937. Our goal, our obexcessive food and textile prices, and | jective is to raise it to 90 or 100 bilthe industries of the nation; and {lion dollars. their workers will find a steadier demand for wares sold to the agricultural third of our people. ’ . To raise the purchasing power of the farmer is, however, not enough. It will not stay raised if we do not also raise the purchasing power of that third of the nation which. receives its income from industrial employment. Millions of industrial workers receive pay so low that they have little buying power. Aside from the undoubted fact that they thereby suffer great human hardship, they are unable to buy adequate food and shelter, to maintain health or to buy their share of manufactured goods

as well as in the field of politics, to do their utmost, to co-operate with Government—without regard to political affiliation, special interests or economic prejudices,—in whatever program may be sanctioned by the chosen representatives of the people. That presupposes on the part of the representatives of the people, a program, its enactment and its administration. : : Not because of the pledges of party programs alone, not because of the clear policies of the past fivé years, but chiefly because of the need of national unity in ending mistakes of the past and meeting the necessities of today, we must carry on. : I do not propose to let the people down. : I am sure the Congress of the United States will not let the people

down. FRANKLIN D, ROOSEVELT.

YACHTSMEN TO FACE U.S. MURDER COUNT

Trial Improbable, District Attorney Intimates.

power of the final third of our population—those who transport and distribute the products of farm and factory, and those of the professions who serve all groups. I have tried to make clear to you, and through you to the people of the United tates, that this is an urgency which

imposition of a graduated income tax. They are the same complainants who would impose the iype of flat sales tax which places the burden of Government more on those least able to pay and less on those most able to pay. . Our conclusion must: be that while proven hardships should be corrected, they should not be corrected in such a way as to restore abuses * already terminated or to shift a greater durden to the less fortunate. A i This subject leads naturally into the wider field of the public attitude toward business. The objective of increasing the purchasing power of the farming third, the industrial third and the service third of our population presupposes the co-operation of what we call capital and labor, Capital is essential; reasonable earnings on capital are essential. but misuse of the powers of capital or selfish suspension of the employment of capital must be ended, or the capitalistic system will destroy itself through its own abuses. The overwhelming majority of businessmen and bankers intend to be good citizens. Only a small minority have displayed poor citizenship by engaging in practices which are dishonest or definitely harmful to society, This statement is straight-forward and true. No person in any responsible place in the Government of the United States

_ Fights Starvation Wages

“No reasonable person seeks coms plete uniformity in wages in every part of the United States; nor does any reasonable person seek an ime mediate and drastic change from tha lowest pay to the highest pay. ¥3 are seeking, of course, only legklation to end starvation wages and intolerable hours. 4 “Mary of those who represend great cities have shown their unders standing of the necessity for help= ing the agricultural third of the na= tion, I hope that those who rerresent constituencies primarily agris cultural will not underestimate the importance of extending like aid to the incustrial third. : “It: has been my thought that, especiclly during these past five years, this nation has grown away from local or sectional selfishness and toward national patriotism and unity. I am disappointed by some recent actions and by some recent utterances which sound like the = philosophy of half a century ago.” " Mr, Roosevelt committed himself ult‘mate budget balance. But he pos:d conditions and emphat« ically rejected substitution of the dole Dor work relief. Referring to budget balance, he said deficits were diminishing and that he was anxious to get the Treasury out of the Fea ‘but “I lay down certain condie ons:”

“For economic and social reasons,” Mr. Roosevelt continued, “our prine cipal interest for the near future lies in two lines: : “1. The immediate desirability of increasing the wages of the lowest paid groups in all industry. “2. In thinking in terms of regularizing the work of the individual worker ' more ' greatly through the year—in other words, in thinking more in terms of the worker's total pay for a period of a whole year rather than in terms of his remuneration by the hour or by the day.”

Cites Evil of Control

Dividing business and findncial issues to be dealt with between specific abuses and more general problems, Mr. Roosevelt said of the latter category that they give us | ‘food for grave thought about the future.” ; » “Generiecally such problems arise out of the concentrasion of economic control to the détriment of the body politic—control over other people’s money, other people’s labor, other people’s lives. “In many instances such concentrations cannot be justified on the ground of operating efficiency, but have been created for the sake of: “1. Securities profits, “2. Financial control. “3. The suppression of competition.

seems to have followed the surface trend away from the democratic representative form of government. Jt would seem, therefore, that world peace through international agreements is most safe in the - hands of democratic representative - governments—or, in other words, peace is most greatly jeopardized in and by those nations where de_mocracy has been discarded or has never developed. . I have used the words’ "Surface . trend,” for I still believe that civi- { lized man increasingly insists and in the long run will insist on genuine participation in his own government. Our people believe that aver the years democracies of the world will survive, and democracy will be restored or established in those naus which today know it not. In St faith lies the future peace of

‘PERPLEXITY, NOT FEAR’

As a nation we have rejected any radical revolutionary program. For & permanent correction of grave weaknesses in our economic system we have relied on new applications of old democratic processes. It is not necessary to recount what has been accomplished in preserving the homes and livelihood of millions of workers on farms and in cities; in reconstructing a sound banking and credit system, in reviving trade and industry, in re-establishing security of life and property. All we need today is to look upon the fundamental, sound economic conditions to know that this business recession causes more perplexity than fear on the part of most people and to contrast our prevailing mental attitude with the terror and despair of five years ago. $ * Furthermore, we have a new moral climate in America. That means that we ask business and finance to recognize that fact, to cure such inequalities as they can cure without legislation but to' join their Government in the enactment of legislation where thé ending of abuses and the steady functioning of our economic system calls for Government assistance, The nation has no cbligation to make America safe for incompetent business men or for business men who fail to note the

BUDGET TO SHOW DEFICIT

At home, conditions call for my equal candor. Events - of recent months are new proof that we cannot conduct a national Government after the practice of 1787 or 1837 or 1887, for the obvious reason that human needs and human desires are infinitely greater, infinitely more difficult to meet than in any previ“ous period in the life of our republic. Hitherto it has been an acknowledged duty of Government to meet these desires and needs: nothing + has occurred of late to absolve the

We have heard much about a balanced budget and i is interesting to note that many of those who have pleaded for a balanced budget as the sole .need now come to me to plead for additional (Jovernment expenditures at the expense of unbalancing the budget. As the Congress is fully aware, the annual deficit, large -for several years, has been declining the last fiscal year and this. The proposed budget for

1939, which I shall shortly send to LOS ANGELES, Jan. 8 (U.P.).—

, the courts or the Presi-

I. Congress, the ~~ dent from that task. It faces us—as

squarely, as insistently, as in March, 1933.

We have not only seen minimum

uspices

the. Congress, will exhibit a further decrease in the deficit; though not a balance between income and outgo. To many who have pleaded with

today has ever taken any position contrary to it.

trend of the times and continue use of machinery of economics and practices of finance as outworn as the cotton spindle of 1870. Government can be expected to

Two deckhands who threw the mad mutineer, Jack Morgan, to the sharks and ended a terrible cruise aboard the yacht Aafje, were called

“4, The ambitioh for power over others. 5 “In some lines of indusiry a very small numerical group is in such position of influence that its actions are of necessity followed by

1, Continue the work relief policy. 2. Executive and Congressional

co~operation to eliminate or curtail

or postpone :-any spending activity which can be so dealt with without

me for an immediate balancing of the budget; by a sharp curtailment or even elimination of Government Congress— | functions, I have asked the question or below which industrial | —“What present expenditures would not fall, and a ceiling | you. reduce or eliminate?” and the the hours of industrial | invariable answer has been “That is shall not rise. : not mg snes know nothing of again let us analyze the op-| the d , but I am sure that it A part of it is sincere in|could be done.” That is not what ng that an effort thus to raise | you or I would call helpful citizenthe purchasing power of lowest paid |ship. | : industrial workers is not the business| On only one point do most of of the Federal Government. Others|them have a suggestion. They give “lip service” to a general ob-| think that relief for the unemployed jective, but do not like any specific | by the giving of work is wasteful, measure that is proposed. In both|and when I pin them down I discases it is worth our while to won- | cover that at hear: they are actualder whether some of these opponents |ly in favor of substituting a dole in are not at heart opposéd to any pro- | place of useful work. To that gram for raising the wages of the | neither I nor, I am confident, the underpaid or reducing the hours of | Senators and Representatives in the the overworked. Congress will ever consent. I am as anxious as any banker or industrialist or business man or investor or economist that the budget os he Uniteq Sates Government be Another group o fon ugh ince as quickly as of This “ie. noe” groupie, But ay dow cera = e farmers of Eur hom segue. Bo — Wer Tota ‘and which ¥ believe al should. 8c- baffle prosecution under the present |!ion of the process difficult situa- [rainfall hére reached the highest 0 o ope whom we are | cept. ; high .|tlons have arisen in localities and !total in five years, 46.53 inches. wont to call peasants; that the i, or % Sain industries whieh The first condition is that we con- | clos They include pe 2 : ih

; : . salesmanship which creates =] prices of our products of agriculture | exiciine 1 Se of | tinue the policy of not permitting | oveles of : DEE JEWELRY CO. Wa re top ten dependent an specnc| It has been uy ought that, cope: | ALY needy Amerioan who con and Is Iydueties sad communes eines I Ted DEIN YOUR OLD EXD!

~nonfarming groups, and cially during these past five years willing to work to starve because|in production until such time as : ESE Se RE ERIE wet = = iSite] No Money Down ; < . 3 Copa ik Bs > : . 3 y : - y : | , Table Model

1934 and 1935, but the peothis country, by an over- , are in favor of have

‘CRITICISM IS DISTORTED’ co-operate in every way with the busitiess ot the pation provided the 9p . ponent parts of .business abanBut, unfortunately for the coun-| op, “py tices which do not belong try, when attention is called 10, OF 45 this gay and age, and adopt price attack is made on specific misuses(,,q yroduction policies appropriate of capital, there has been Se» to the times, berate purpose on the part of the | 1 regard to th condemned minority to distort the | Government sd oe atoniip ou criticism into an attack on all cap- business, to which I have referred, ital. That is wilful deception but | it seems clear to me that existing it does not long deceive. laws require reconstruction. I exIf attention is called to, or at-| pect, therefore, to address the Contack made on, certain wrongful|gress in a special message on this subject, and I hope to have the

business practices, there are those who are eager to call it “an attack | help of business in the efforts of Government to help business.

harming essential functions or safety of th: nation. : 3. Raise the purchasing powsr fo ° the point where existing taxes will be sufficient to meet necessary Government expenditures.

S FOR rureY Heap A few Lad ng SE SnE membranes — helps

keep sinuses open.

‘other units operating in the same fleld. “That such influences operate to control banking and finance is equally true, in spite of the many efforts, through legislation, to take such control out of the hands of a small group. We have. but to talk with hundreds of small bankers throughout the United States to realize that irrespective of local conditions, they are compelled in practice to accept the policies laid down by a small number of the larger banks of the nation.” And : foretelling further recommendations for sank legislation, Mr. Roosevelt added: =. “The work underteken by Andrew Jackson and Woodrow Wilson is not finishéd yet.” : The message enumerated the

into Federal Court today to answer a charge of murder on the high The procedure was a. formality. Federal authorities said unofficially that Morgan suffered a well-de-served end, and that Robert Horne and George Spernack - probably would never be pul on trial, Arraignment o; e two men was scheduled before U. S. Commissiener David B. Head at 12 a. m. (Indianapolis Time). It was expected that they would be bound over to the Federal Grand Jury, which will meet probably on Wednesday. U. S. District Attorney Benjamin Harrison said he was convinced that Horne and Spernack killed Morgan in defense of their own and the four passengers’ lives. The

Vicks L_< prosecutor implied that he would VA-TRO-NOL : ask the Grand J to exonerate

the men, : Sn SO OW ls DONT MISS THIS SENSATIONAL OFFER! Made and (oEaining have been! FAINFALL MARK SET ACT NOW| LIMITED TIME ONLY!

ganize has been nationally rec- | Times Special , : Nevertheless in the evolu-| LOGANf PORT, Jan. 3.—The 1937

INACTION CAUSES TROUBLE’

Much of trouble in our own lifetime has sprung from a long ~ of inaction—from ignoring what fundamen was happening to us, ~*~ and from a time-serving unwilling- _ ness to face facts as they forced : ves upon us. mt Our national life rests on two nearly equal producing forces, age riculture and industry, each employing one-third of our citizens. The other third transports and distr utes the products of the first tw, or performs special services for the whole. : ~The first great force, agriculture— and with it the production of time ber, minerals and other natural re-

on all business.” That, too, is wilful deception that will not long deceive. ot Let us consider certain facts: There are practices which most people believe should be ended. They include tax avoidance through corporaté and other methods, which I have previously mentioned; excessive capitalization, investment writeups and security manipulations; * price rigging end collusive bidding in deflance of the spirit of ‘the antitrust laws by methods which

‘LABOR RIGHT RECOGNIZED’

-I have spoken of labor as another essential in the three great groups of the population in raising the nation’s income. Definite strides in

INCOMES PITIFULLY LOW

d that vast numbers of our far ¢ population live in a poverty ‘more abject than that of many of

come self-sustaining or ready to put| jocal or sectional selfishness and to- | Provide the work. lof patent laws tO enable larger corC of Ll ' . a 5

fruit as they had before. 1833 we have knowingly choice of three remedies.

ances which sound like .the phil-| ° ‘osophy of half a century ago. - There are many communities in

About LOOSE ENDS_

Mh. Tareylen days’ Cigarettes without a tip have a tendency to lose their firmness~-thus producin louse ends. Not so witl areyton. The Tareyton oy tik Ii prevents ir

over, Tareytons give you Money Down CASH AND CARRY fmer, milder tobucoos. Bo ft tee J vio

! ; did ok : \l ] = = 1. : y ] a r /4 J : . Pi CLEANE

faced a