Indianapolis Times, Indianapolis, Marion County, 6 July 1939 — Page 14

PAGE 14 ‘-

The Indianapolis Times

(A SCRIPPS-HOWARD NEWSPAPER)

MARK FERREE Business Manager

ROY W. HOWARD RALPH BURKHOLDER President

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THURSDAY, JULY 6, 1939

INFLATION AND WATER RATES

O little attention has been given one highly significant section of the report prepared by Judson C. Dickerman as a guide to the city in making up its mind whether or not to acquire the Indianapolis Water Co. Mr. Dickerman, a highly respected Federal utilities expert, had the following to say in connection with the possibility of future currency inflation:

“Before the country is, in the opinion of many well informed people and consciously being pushed by influential groups, a probability of a decline in the purchasing value of the dollar due to action of Government directly or indirectly. . . . “On such a basis, the purchase of the Water Co. property at this time will save to the public the necessity of paying the advanced value of the property solely due to a decline in the value of the dollar if it later wishes to buy the property. “If the property is not acquired by the City, but remains in private hands, it is highly probable that rates will be raised proportionately to the decline in the value of the dollar. While presumably in the long run the income of the consuming public would rise in proportion as the dollar declined, and so could meet increased rates equitably, if the City buys now, it may with no injury to its investment continue to consider its rates as based on the present value of the dollar rather than a decreased value. “The City under its issue of revenue bonds fixes its investment in terms of dollars regardless of the possible future value of the dollar when it pays off its debt. “This may appear as a rather intangible item, but in the writer's opinion it needs serious consideration and is a real argument to acquire the property now, even if necessary at a price above its fair present value.” In discussions to date no one has yet replied adequately to the above points, or pointed out how the City may adequately protect itself against further rate increases other than by purchasing the water company. We invite discussion of the above questions and we gladly throw open our columns to readers who would like to present their points of view.

A TIP TO F.D.R. HE Administration victory in the Senate yesterday preserves a monetary mechanism which for five years the President and the Secretary of the Treasury have utilized to promote stability among the world’s currencies. We applaud the victory, for we think that unsettled world conditions, bespeak the need of that stabilizing influence. Yet the narrow margin of the Senate vote—43 to 39—should give pause to the President and his advisers. It is one more sign of the mounting resistance in Congress to the continuance of extraordinary emergency powers in the chief executive's hands. On this matter—maintenance of the dollar's value in relation to the values of other currencies—an emergency still exists. So the President's power is continued—but continued reluctantly, despite the fact it has been prudently administered. On other matters where legislative discretion has been given the President, the original emergencies have ceased to exist. Yet the President and his aids have shown a tendency to cling to all delegated powers. They have appeared irritated whenever Congress has sought to impose what it considers proper restraints. They have tried to carry the emergency technique, rule by executive decree, into affairs that more logically should be determined through the normal constitutional processes. The President will get along with Congress much better in the months ahead, if he will recognize the obivous.

THE NEW SPRING MILL INN

THE dedication tonight of the new Spring Mill Park Hotel is another step forward in Indiana's building of its state park system, already one of the most progressive park setups in the nation. A spot of beauty as well as a site of historic interest, Spring Mill has long needed the facilities it now gets. To one of tonight's guests, the dedication of the hotel will be a dream come true. For it is to the vision and energy of Col. Richard Lieber that Indiana owes the scope and efficiency of its park system. Congratulations are in ordei’. May Spring Mill prosper!

IT'S ABOUT TIME

ONGRESS has voted to provide the Weather Bureau with a new building in Washington, the present quarters being old and overcrowded. A $250,000 first unit will go up immediately and later extensions will cost about $600,000 more. We're strong for Government economy, but we think this expenditure may prove to be necessary and wise. The more we see of the weather, the more we suspect that it’s getting out of control, and scientific opinions are not lacking to support our suspicion. Dr. Otto Struve of the University of Chicago says that the weather has been warmer for the last 15 years because the earth’s great volcanoes have been relatively inactive and there's less volcanic dust in the air to shut out heat from the sun. Other eminent authorities assert that sun spots are raising Ned with the climate. And, indicating that the worst may be still to come, Talbert P. Gillette, geologist and meteorology researcher of Palo Alto, Cal., predicts that three great rainfall cycles will hit a simultaneous bottom in the year 1966 and cause the greatest drought since 265 A. D. So it may be that the Weather Bureau needs a new building, with plenty of room, where it can hustle around and really do something about the weather.

HM! VV E, see by the papers that Ernie Pyle is on vacation.

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| chairman of the board or any other officers or the

Fair Enough

By ‘Westbrook Pegler

Press Forced to Come to Rescue Of Its Rival, Radio, the Freedom Of Which Has Been Imperiled.

EW YORK, July 6.—It tooks as though the perfidious press will have to take over the fight to establish freedom of the radio, which the President, Mr. Farley and Mr. Ickes so often extol as an agency of pure expression. The radio companies live by license from a political bureau of the New Deal which has the power to harass, intimidate and ultimately, ruin them. They are, as a group, a dangerous rival of the newspapers, which have had to share with radio the advertising revenue which once was particularly all theirs. The press, therefore, has a sefish motive for wishing the worst of luck, but, ironically, finds itself compelled to assist its commercial rival in a feeble struggle against coercion and censorship lest a controlled radio be used as a propaganda arm to destroy the freedom of the press. : Although Mr. Roosevelt has said that in some communities untruth and exaggerated half-truth may be overtaken only by radio and Mr. Farley has declared that only by air may he present a case to the people unedited, radio finds itself afraid to urge its own case over its own medium.

& ® ¥ radio did so it would necessarily attack the political agency of the New Deal which controls its conduct and issues the licenses by which it operates. If it did that it would displease its political bosses and risk painful or disastrous reprisals. Therefore, radio relies on the newspapers to present its care to the public, and it has been the press which has emphasized the hidden significance of the ruling of the Communications Commission which

requires that international broadcasts must promote international good-will, understanding and co-op-eration. This ruling might be invoked to rule off the President and Mr. Ickes themselves—doubtless an unforeseen possibility—but if the same principle were applied to domestic broadcasts the broadcasters would be obliged to promote internal good-will, understanding and co-operation according to the Commission's interpretation. In fact, in the press such criticism has been fiercely resented, and, for punishment, the New Deal has repeatedly praised the radio to the detriment of the papers but without explaining the uncertain and risky state in which radio lives under political control. 2 ” HE President recently said that the people have a right to expect their Government to keep them supplied with sober facts, but left unsaid the fact that the New Deal has been sending out pancakes, or radio records, with a sly, but firm, intimation that these pancakes had better be given time on the air. They are accompanied by a request for accurate information as to when they were plaved, and, although this might express an innocent curiosity, it might also conceal! an intention vo check up and discipline stations which found the pancake inappropriate. There is a difficulty in the fact that the air belongs to the nation, so to speak. and therefore must be subject to Government regulation. That much is not disputed, but it does not mean that the air belongs to the New Deal any more than it belongs to the Republican Party. But in using the radio for New Deal propaganda the Administration puts itself in the position of a trustee who uses his authority to promote his own interest.

Business By John T. Flynn

O'Mahoney Bill to Make Trust Laws Work Aimed at Officers.

EW YORK, July 6.—Senator O'Mahoney, chair-

man of the Monopoly Investigating Committee, has introduced a bill to make the antimonopoly laws | work. Of course this has excited criticism. What |

the Senator has done is hardly “cricket.” Monopoly is a word to play politics with, not an abuse to do anything about. Under our antitrust laws if a corporation violates the law it may be sued civilly and prosecuted criminally. But a corporation is not a human being—only a legal being. It does not do its own thinking. Some individual in the president's office or some individual in the board of directors’ room does the thinking for it. Senator O'Mahoney proposes to be realistic. He says that not only should the corporation be punished but that the individuals who do its thinking and guide it and make its decisions and actually carry out its violations of the law also should be held guilty. Senator O'Mahoney proposes that when a corporation violates the antitrust laws the president or the

members of the board of directors who actually take part in the violation may be sued for a sum equal to twice their compensation from the corporation during every month that the violation occurs. In addition they would be enjoined from rendering any service to the corporation permanently or for a period not less than 90 days in the discretion of the court, or from receiving any compensation from the ecorporation in that time and they may be enjoined from engaging in competition with the company.

Penalties Not Criminal

Put it this way. Corporation XYZ violates the antitrust laws. If it does, the violation is doubtless arranged and carried out by the chairman of the board, the president, the vice president of the corporation. As a rule the stockholders who own the corporation know nothing about it and would be powerless to do anvthing about it if they did. Nevertheless they own the corporation and under the law | as it exists, if the corporation is fined by a court it is the stockholders who must pay. But Senator O'Mahoney thinks that in the corporation imaginec—the XYZ Corporation—the president, the chairman of the board and the vice president may also be sued. If the corporation is guilty certainly they are the ones guilty in fact and if found guilty each would be punished. Enforcement of the antitrust laws has been made difficult by reason of the criminal penalties. Here are penalties which are not eriminal but will certainly be effective. Either we should enforce the law or get rid of it. This is one reasonable way to enforce it.

A Woman's Viewpoint

By Mrs. Walter Ferguson

HERE'S one thing to be said in favor of the good old days. People ate what they liked and didn’t worry about the consequences. The B. C. (before calories) era is not so long gone, either, because many middle-aged individuals e¢an remember when meals were a pleasure instead of a mathematical problem. Nobody stopped to do quick mental calculations about whether some tempting dish was too heavy with proteins. Instead, he dared his stomach to complain as he took another helping. A recent study, carried on by the Young Women's Christian Association in a number of larger cities, shows that hordes of middle class young women are suffering from malnutrition. I'm sure similar investigation would prove the same thing to be true of thousands of middle and upper class housewives. . All of us realize that the happiness of home is often jeopardized because mother decides to have a streamlined figure. To avoid the middle-aged spread, she subjects herself to rigorous fasts and enforced feeding on items she dislikes, and is willing to risk the loss of a good disposition to hear her bridge companions say, “My dear, aren’t you losing?” I'll say she's losing-—and usually something more than poundage. She's losing alto the brightness in her eye, the upward quirk to her lips, the spring to her step. And for what? The desire to present a rear view that will delude observers into thinking she is a juvenile. When the full tale of our time has finally been

[pensive crime-and-disease breeding

ho, -a8 much havoc among us as

written, I think we shall find that fool food fads have worked almost Sista |

THE INDIANAPOLIS TIMES :

Seems to Have Other Eggs to Hatch !—By Talburt

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The Hoosier Forum

I wholly disagree with what you say, but will defend to the death your right to say it.—Voltaire.

DEMANDS SLUM ELMINATION HERE By M. B, Instead of this futile fiddling with generalizations on the relative merits of capitalism and other economic systems why don't we get down off our philosophic horses and decide what to do about housing, slum clearance, adult education, child labor, consumer protection preparation, but we loaned 10 or 12 and our thousand other immediate billions abroad that never can be

problems? Take one of them: returned. Most economists and Individualism is just lovely ‘most administration leaders know

but (hat the only way those debts can Scandinavia has no slums and In- pe paid is at an equal sacrifice to dianapolis has; is there an individ- ourselves. For some reason, howual big enough to clean them yy do not like to tell the

alone or wili a Citizens’ Housing| . Committee be required to do it?) Whether Mr. Daake believes it or

(Times readers are invited to express their views in these columns, religious cons troversies excluded. Make your letter short, so all can have a chance. Letters must be signed, but names will be withheld on request.)

compete with chain store prices. Bigness of business has ruined opportunities for the small businessman. . .. Our economic ills today are partly the results of the past when every man was striving to go as far as he could. It made a too rapid economic development and the economic ills today are the result, The American System as I see it now is one of the most wasteful, extravagent, hypocritical, inhuman systems on earth. . .. The profit system never has worked for the good of all people and never will unless there are some ‘radical changes made in it to benefit the masses of the people. I think the Townsend Plan will save it and the only thing that can. (Under our system there are too

Even Rugged Individualists ocea- not, I would like to inform the many people living off the producer.

sionally get together to defend mu- gentleman that we will have antual interests. Property owners Other depression to correct the in-

whose taxes are sky-high because fationary manner of trying to solve & | this one.

slums drain off more of the public | : to : " : If Mr. Daake wants to quote my revenue for fire and police protec-|, . 1.0 1 would ask the gentleman tion and social services might well _° : , . ._| why he did not quote the paragraph band together to get rid of these ex-| po “pip “jt was a part. If Mr Daake claimed that the water of Niagara fell up and I claimed that it fell down, I do not believe that I would be stubborn or narrow{minded if I stated that “if I was wrong I would remain so.” ® o »

DENIES OPPORTUNITIES ARE STILL ABUNDANT By K. V. C.

V. I. C. thinks opportunities are still abundant. Let V. I. C. look at the grocery business. . . . Many an old-time grocer has been forced out

areas. That would be real democracy in action. I'm tired of al Ithe empty talk on political theory. Let's hear something concrete from the longwinded purveyors of idealistic abstractions! *® = =» RECALLS DEPRESSIONS OF BIBLICAL TIMES By Voice in the Crowd I cannot understand why Mr. Daake asks me to explain the cause of all the 19th Century depressions, simply because I made reference to

(There are too many “Let George Do Its” in business. ” ” 2 DEPLORES STICKER {FOR AGED MOTORIST By E. IP This morning, July 1, I saw on { Pennsylvania St., between Market ‘and Ohio Sts, the rawest trick I ‘have ever seen the police of In|dianapolis do. An old man in a car that looked much older, but which he uses to try to make a living | with, was given a sticker by the {policeman for running out of gasoline and blocking traffic for a few moments. | In the event the old man deserved |a sticker, as the policeman stated, |I would not have been the one to

of business due to his inability to give it.

the present post-war depression. I am willing to go all the way back,

however, and state that all of the, New Books at the Libra ry

depressions that we know anything about were the backswing of the

pendulum, which always swings too far. It seems to be the natural “ HE cow, of course, is important, thing for it to do. but it's the sizzle in the steak In biblical days when people ex- | that really sells it.” In other words, pected seven lean years to follow the sizzling phrase improves the adseven fat years, they probably knew br an you are interas much about depressions as we do. ested in selling a steak or inducing In the fat years there were those WOWSEW ives, = buy Rion Fy who thought good times were per- | Dins, oi agic rentice-Hall), manent, and in the lean years there the new book by Elmer nn were those that thought by i oo Be proper prea. were permanent; even as they do izzlers are ‘“‘arousers of emotion=today. al urges that make people want If Mr. Daake believes that the Something or make them like you nemaing of he Trond War win In eI” We all bye sal ome ation is something that did not > y rr require a corrective period at a ILE pai By pa date, I most certainly believe he # Hy 1 Sos errs. So far as the United States ®elicclive personal sizzles. was concerned, we not only wasted| Mr. Wheeler originated the idea

billions of dollars in our chaotic|for increasing sales by a more ef-

Side Glances—By Galbraith

COPA. 1509 BY NEA SERVICE, INC. T. M. REG. U. 8 PAT. OFF.

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watch you for.

fective use of words. According to his theory, “the right words can win you a job, a wife or a promotion.” In this book he developes the principle of applying tactful, forceful phrases to everyday living. For example—he tells us how to get rid of people who don’t know enough to go home—how to refuse an alcoholic drink and not seem a sissy—how to save yourself from a ticket for speeding—and how to persuade little Willie to eat his spinach. Your success in any social conversation depends upon the words with which you meet the situation. The author of this entertaining collection of sizzlegrams urges us “to back up our words with showmanship,” to avoid a monotone, and so “make our voice delivery as interesting as our thoughts.” He asserts that his game of sizzlegrams will help us toward a more diplomatic conversation and will enable us to sell ourselves to other people.

WEEPING WILLOW By ANNA E. YOUNG

My bower is sheltered from sun and rain By branches low hung from my willow tree Which is also the home of birds again Who traveled so far to sing for me,

Songs of the dawn are full of glorious zest Like the noon-time ballads that are always heard But I believe the songs I like the best Are the beautiful notes of the mocking bird.

The rhythmic abandon of those magic songs Are of birds he seems to like the best, And I know so surely his heart belongs To the blue sky above and the East and the West.

DAILY THOUGHT

And they first took their journey according to the commandment of the Lord by the hand of Moses. — Numbers 10:13.

HILDLIKE obedience moves toward every command of God, as wheres

the needle points i

only 66 out of 100 normal persens will live another 110 years, as¢ording to life- insurance figures.

THURSDAY, JULY 6, 1959 |

(Gen. Johnson Says—

Monetary-Neutrality Fights Show President Reluctant to Surrender Emergency Powers He Got in 1933.

ASHINGTON, July 6.—~The President is reported as being convinced that the action of the House in insisting on a limited embrago on deadly weapons to warring nations and of the Senate in supporting a similar idea, has rung the joy-bells in Rome and Berlin. There is more than suggestion here that the Administration’s policy was keeping the dictators in check and preventing war in Europe but that this attitude of Congress frustrates it. In other words, if war comes in Europe, our Congress and neither Hitler nor Mussolini will be to blame.

When the question was of extending the President’s monetary powers over tie value of the dollar and the stabilization fund, similar news releases were used to build up a bugaboo of fear. A horrible picture of a dancing dollar and a ruined export trade was thrown on the screen. The desire to return to Congress not only its constitutional power but: its constitutional duty to regulate the value of money was said to come from the Wall Street speculators and some big newspapers.

” 2 ”

OMEBODY other than the President is always the goat—Congress, newspapers, Wall Street. ‘It seemed not to be imagined that the desire on the part of Congress to recover these powers might be a wish to perferm a duty to keep our constitutional form of government intact. The factual support for the dancing-dollar hobgoblin was so slender that it seems to have been abandoned as too absurd to cone tinue, This ghost raising and shaking of the gory locks as a method of bum’s rushing Congress hasn't worked out well since the second inauguration. It seems to be recent strategy to wait for the heat of a Washington summer and the haste and impatience of the approaching end of a session and then put on every imaginable pressure of patronage and publicity to force Congress into action that it would not in other circumstances take. In each of these cases there has been talk of “no compromise” by the President with the Congress, Some recent rifts were caused by the executive's ine sistence on keeping every single “emergency” power that he got in 1933 or later. He got them on the ground that our situation was worse than war and he needed powers beyond any that any other Presi dent had ever dreamed of asking or exercising except in the emergency of war—the so-called “@ar-powers” used when a dictatorship is admittedly necessary.

2 ” 8

OE powers are so plainly placed in Congress by the Constitution as to make it doubtful whether they should ever be delegated. For example: “The Congress shall have power to coin money . .. and regulate the value thereof and of foreign coin.” The power to regulate the value of the dollar is indirectly a power to fix prices and raise and lower arbi trarily the value of all wages and property in this country. Embargoes are instruments of economic war. The power to make war is also peculiarly in Congress, as is the power to regulate commerce with foreign nations. The real cause of this summers wars in Washington is a desire of Congress to retire the President to the Presidency and the President not to be retired. It shows no sign of an armistice. It will probably be a principal issue in the 1940 elections,

Aviation

By Maj. Al Williams

Germany and Italy Find it Pays To Broadcast Exploits of Planes.

ASHINGTON, July 6.—Certain nations of Eue rope are today beginning to feel the effects of a strictly censored press. Notable among these is France, and the first bitter complaint against a censorship that really amounts to absolute Government control of the press comes from French editors. French aviation and technical magazines have been rigidly restricted in discussing French military aircraft.

This leaves the aviation journals nothing else to talk about except the news of foreign aircraft development and the performances of foreign fighte ing aircraft. Germany hit upon a new and ingenious idea when she began telling the world about the record-breaking performances of her fighting aircraft. Likewise, those records have made a tremendous impression upon the rest of the world. Until the Germans broke the traditional military and naval service seal of silence regarding the per formance of fighting ships, it was a court martial Oftchie to divulge how fast a new fighter could climb or fly.

British Follow Suit

The British, however, have accomplished an ase tounding awakening to the fact that they should begin to tell the world what their airplanes can do. Following the hush-hush and the blush-blush (in secret) that accompanied every foreign record estabe lished, the British now blandly teil the world that their first line single-seater fighter—the Supermarine Spitfire—is gcod for 362 miles an hour (top speed) and 33¢ miles an hour for service range. The British undoubtedly have faster fighters

breeding and in their experimental sheds, but they are telling the true speed of their present singlee seater. And that’s the ship they will depend upon . in case of war within the next two years. The Italians haven't been far behind the Gere mans in telling the world about their first line jobs either. It certainly doesn’t help the mcrale of a neighboring nation to learn that Italy's best bomber can climb to 15,000 feet in a little more than six minutes, and that German fighters are making well over 400 miles an hour, while they learn nothing about. the performance of their own air machinery, With these things in mind, I have been urging our manufacturers to make world’s records with our new fighters—if they can. Performance is verb ade vertising, and verb advertising is much harder to beat than adjective blather.

Watching Your Health

By Jane Stafford

“ ANCER of the stomach is a curable disease® This cheerful statement is one of the cone clusions to a recently published analysis of the probe lem made by two authorities, Drs. Edward M. Live ingston and George T. Pack of New York City. The statement does not mean that every patieng with stomach cancer can be cured. Unfortunately, from two-thirds to three-fourths of the patients cannot be cured because at the time the surgeon sees them the cancer is not what doctors call “resectable,” meaning it cannot be cut out. Surgical operation at which the cancer and much of the stomach is cut out is the only method at present by which stomach cancer can be cured, these doctors state. Presumably if patients saw their doctors sooner, more of them could be saved, because the cancers would still be in the stage at which operation is successful. Even so, from one-fourth to one-fifth of the 30,000 to 50,000 stomach cancer cases which develop each year in the United States are of the type that can be operated. For those who can be operated, the chances of cure are estimated as follows: About one-third of those surviving the operation, Drs. Livingston aad Pack found from their analysis of over 14,000 cases, are alive at the end of three years. One-fourth are living at five years, and one-fitth live more tha 10 years from the time they léave the hospital . » the operation. Many hundreds lived and were well for from 10 to 20 years. Since most of these patients are well on in years (the average age of stomach cancer patients is about 61 years), the figures are even more impressively hopeful. At the age of 61,

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