Indianapolis Times, Indianapolis, Marion County, 2 December 1938 — Page 8

Mary Brown, 18, was safe at home today after having been abducted on a suburban road in Oxon Hill, Md, as she walked with her sister, Lucy, 15, who escaped her sister’s captors and spread the alarm.

To Gathering

- Cold Charts and Statistics

Detail - Reasons for Economic Slumps.

BY THOMAS L. STOKES

Times Special Writer ° WASHINGTON, Dec. 2.—Everything connected with: the so-called monopoly investigation points to a thorough dissection of the American economic system under a cold, probing analysis by experts. Beginning yesterday and continuing through tomorrow is what is called the “prolog”—and so-called officially—the curtain-raiser by Government experts who are sketching, somewhat in detail, all the manifold factors which keep the economic machinery running—and those which, ever so often, gum it up and slow it down. Charts * and statistics have been gathered galore — perhaps more charts and statistics than ever have been assembled here before in one place on one subject at one time. And so well has the monopoly investigation been publicized that perhaps more people gathered at the opening session to listen to the explanation of charts and statistics " than ever assembled before for such a pwrpose—though some of them did not stay long.

Room of Memories The locale of the investigation is rather famous in recent history— the big caucus room in the Senate Office Building, with its: marble floors and ancient chandelier. Here,

‘gathered about a long table, sit

the doctors, a dozen representing Congress and Government agencies who have spent weeks gathering

material touching upon the American system. : There, five years ago, sat Ferdinand Pecora, thrusting his finger at the giants of American finance and drawing out the inside story of the stock market crash for the Senate Banking Committee. That is ancient history now, and there's ‘a watchdog on the stock market in the SEC. It forms only a part of the much broader pic-

-. ture now being thrown upon the

canvas in the same room, Here also the® Senate, Judiciary Committee held its famous public hearings on President Roosevelt's Supreme Court reform bill. Here, too, young Senator Bob La Follette showed “for the first time in any theater” the moving pictures of the clash between police and strikers at Chicago which resulted in the death of 10 workers.

- Not a Stirring Drama

Drama is lacking here now, except by implication, as students of the complicated American system— in which finance and banking, industry and labor, courts and judicial processes all are involved— stand with pointer in hand and | explain charts and - statistics touching on the whole American social and economic scene. Later, leaders of industry and business will take their places on "the witness stand. Moving picture cameras whirred away and photographers snapped their cameras as the first session got under way. The large audience craned necks to identify the officials about the dissecting table, with. the diminutive Senator O'Mahoney (D. Wyo.), chairman of the temporary National Economic Committee, at the head. At "least 50 newspaper reporters were present for the opening. But no midget suddenly ap;peared, as during the Senate banking investigation, to sit on somebody's knee—it was J. P. Morgan's in that case. And, as Isador Lubin, chief economist of the Labor Department, produced chart after . chart and explained what had happened during the depression, and before and after, the suspense waned. Digest for Business

Probably as big an assemblage of expert brains as ever were gathered in a Senate committee room was on hand, for many economists and experts from Government agencies came to listen. The interest of business was manfest in a large attendance of Washington representatives of corpora‘tions and business groups who, at the end of the session, had to sit .down and digest the proceedings for “anxious big businessmen far away. One enterprising local publisher a weekly newspaper for business ‘publications or a

ling | tion

* What Makes U.S. Tick Revealed

of U. S. ‘Brains’ | Se———

Thorp Tells How Huge Corporations Own Bulk Of Business.

WASHINGTON, Dec. 2 (U. P.) — Dr. Willard Thorp, Department of Commerce eccnomist, told the monopoly committee today that Amercan business is tightly concentrated with its power and assets in the hands of huge corporations. Using 1935 figures obtained from the Bureau of Internal Revenue as his source he said: Corporations with less than $50,000 assets accounted for more. than half the number of the 550,000 corporations, but only 1.4 per cent of the total assests. Corporations with more than $50,000,000 amounted to only two-tenths of 1 per cent of the number of firms, but controlled more than “half the total assets of all corporations.” More than 86 per cent of all corporate assets are owned by less than G per cent of the firms. Dr. Thorp’s testimony was designed to fill in details of an outline of national economy showing how it broke down in 1929 when national income reached a peak of 81 million dollars. The first draft of that outline was sketched yesterday by Dr. Isador Lubin, commissioner of labor statistics, who, with classroom pointer and charts, virtually conducfed a lecture in economic trends before a group of Senators, Representatives and Government officials. Dr. Lubin, one of the New Deal's ace economists, said that if the 1929 standard of living is to return, na-' tional income must be increased from this year’s estimated 62 billion dollars to at least 75 or 80 billions. :

Sees Joint Problem

After listening to his presentation of figures and facts for more than three hours Committee Chairman

O’Mahoney (D. Wyo.) said: “The conclusion I draw is the absolute necessity of co-operation between buisness and Government to solve our economic problems.” Dr. Lubin’s charts presented something of an economic history of the United States for the last 50 years. But after spreading that history on the record he had a word of advice on what can be done to mesh the gears of industry and agriculture once again. “We have reached the stage,” he said, “where the population is not going to keep increasing at a very rapid rate. We have got to look for a market not to increased population, but to a higher standard of living for the people already here.” Statistics show, he said, that the 1929 depression was a ‘durable goods” depression—a falling off in the production of houses, rgfrigera-

| American Civil Liberties Union, who

APPEALED

Hague Fight

cleared the way today for a speedy Supreme Court. Senior Judge J. Warren Davis of the Third U. S. Circuit Court of Appeals announced late yesterday that retired Judges Joseph Buffington and J. Whitaker Thompson had withdrawn from the case. Attorneys for the C. I. O. and the

won the injunction at Newark, which restrained Mayor Hague and his Administration officials from interfering with public gatherings sponsored by their organizations, sought unsuccessfully to obtain a U. S. Supreme Court order stripping the fivejudge court “of authority to hear Mayor Hague’s appeal. They contended that Judge Davis had “packed” the court in favor of the Jersey City Mayor. Judge Buffington was quoted in a newspaper interview as hailing the high tribunal’s action as a “reprimand? to the C. I. O. Morris L. Ernst, A. C. L. U. counsel, charged

qualified himself from sitting to hear tbe Hague’ ~vveal. In disclosing the two judges’ withdrawal, Judge Davis released a letter signed by both which said:

Court judges, having been requested by . . . the other three members of the Court to sit in this case, but fearing, as we do, that on account of certain statements and contentions which have been made, the Senior Judge might be embarrassed by our sitting, or the merits of the case might be prejudiced one way or another, we now withdraw from the case and will take nn nart in the consideration or disposition thereof.” Judge William H. Clark, who handed down the decision at Newark giving C. I. O. and A. C. L. U. members the right to make public speeches in Jersey City, now is a member of the Circuit Court, but is taking no part in the appellate proceedings.

2 Judges Quit Case

PHILADELPHIA, Dec. 2 (U. P.).—Withdrawal of two judges from an extraordinary five-judge Court hearing the appeal of Mayor Frank Hague and other Jersey City officials from a sweeping “civil liberties” injunction

ir reply that the jurist had dis-|

“Ihe undersigned, retired Circuit|

During the harrowing hours.after the abduction, Mrs. William Brown, Mary’s stepmother, is pictured at a Washington radio station, as she broadcast an appeal to the abductors of the girl. Seated beside her is Lucy. Mary was released by her captors last night near her home.

Speeded;

constitutional test before the U. S.

the United States Supreme Court with this case,” Judge Davis said. “I have a feeling both sides want to have it expedited here and get it in the Supreme Court as soon as possible. This Court will do’everything in our power to help in this movement.”

Movie Booed, Boy Shooed, Theater Sued

When a boy can’t boo a villain in a movie serial without being ejected from the theater, it’s worth $15,000 and the father of a 10-year-old plaintiff said in Superior Court today that he doesn’t mean maybe. He filed a suit against the theater on behalf of- his son for that amount, alleging that the boy, carried away for the moment in his vocal criticism of the villain, subsequently was carried away - by the ushers and deposited on the sidewalk.

DICKSON CHARGED UNDER KIDNAP. LAW

GRAND RAPIDS, Mich., Dec. 2 (U. P.) —Youthful Benny Dickson and his gun-toting wife, Estelle, 17, were named today in warrants issued by the U. S. Commissioner's office charging them with violation of the Federal or Lindbergh Kidnaping Law, which carries a pose sible death penalty. . Dickson and his wife kidnaped two Vicksburg, Mich., farmers and | a South Bend, Ind. salesman after staging a running gun battle with

“I assume youre on the way to

police near Mottville. They fled

tors. automobiles, machinery, loco-|jE

motives and other things that last a relatively long time.

Income Stability Key

The biggest stimulus to ‘the durable goods industry, he said, would be a housing boom. Housing construction has a “tremendous distance to go’ to catch up with other parts of industry, he said, but little increase can be expected unless the wage earners of America, who comprise half of the entire population, have some stability of income. America’s world famed mass production methods, Dr. Lubin said, cannot exist qn sales to the people who make more than $5000 a year, or even those who make more than $2500; there just aren't enough of them. But if, he said, you go down to the lower half of the income bracket and select the 5,200,000 families whose income runs from $1250 to $1500 a year, by merely adding $2.25 a day to their income you could release a purchasing power running into hillions annually. How to add that $2.25 a day to the income of low-wage families is a problem on which Dr. Lubin did not touch. The answer is something which the committee is ready to spend $500,000 and months in the finding. S

METHODIST BISHOPS PLAN NEW SESSION

NASHVILLE, Tenn. Dec. 2 (U. P.).—Bishops of the Northern and Southern Methodist Episcopal Churches and the Methodist Church planned today to hold another conference at Excelsior Springs, Mo., one week before the formal unifica-

“at Kansas City next|redu

| Pe

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___ THE INDIANAPOLIS TIMES — FOR HER RETURN . . . . . . . . . FATHERASKEDAID .

William B. Brown,

Mary’s father, telephoned an appeal to the Governor for aid.

GO FOR VARIETY

Fruit Jars, Headlights and $250 in Cash Taken in Overnight Crimes.

Enough loot to stock a variety store was obtained by thieves overnight, according to police reports. Included were poultry, fruit jars, suitcases, clothing, auto headlights, an overcoat, fur coat and more than $250 in cash. Gladys Ringer, 2209 N. Talbott St., Marion County law librarian, told police her purse containing $200 in cash was taken from her desk in the Court House late yesterday. Peter Michaeloff, of the Y¥. M. C.

Holiday

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A, reported theft of clothing worth about $100 from his car which was parked at Illinois and New York Sts. last night. Mrs. Frank Bower, Greensburg, told police someone stole her purse, containing $50, when she laid it down for a few minutes at the Union Station. 35 Hens Taken

While F. L. Pearce, 4820 Broadway, attended a movie, someone stole the headlights from his car. John Gregory, 1260 S. Sheffield Ave., reported he had been robbed of 35 hens and two roosters. Forty fruit jars were stolen from the basement at 1844 E. 10th St. last night, it was reported by Mary Lou Green. A suitcase containing clothing worth $100 was stolen from the car of Henry Paxton Darroch, Cayuga, while it was parked on Ww, Ohio St. west of Capitol Ave. The thief smashed the auto door glass with a brick. Theft of an overcoat valued at $335 was reported by John Von Spreckelsen, 3750 N. Temple Ave.

Exciting Collection of

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NEW YORK, Dec. 2 (U. P.).—Rudolph Heinemann, European representative of the San Francisco 1939 World’s Fair, said today that he had completed arrangements with the Italian Government whereby the Fair would exhibit several items of “The World's Finest Art,” notably

Heinemann arrived from Europe today aboard the Champlain. The paintings and sculpture, estimated

to be worth $20,000,000, will be loaned to the Fair for’ the duration of the exposition. About 40 items are included in the collection to be shipped to San Francisco. Included in the collection, Heinemann said, will be Michelangelo’s “Madonna and child with infant St.

John,” estimated by art appraisers

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