Indianapolis Times, Indianapolis, Marion County, 26 March 1940 — Page 12

HOWARD NEWSPAPER)

MARK FERREE

| RALPH BURKHOLDER i : Business Manager

Editor

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| | TUESDAY, MARCH 36, 1040

THE SYMPHONY CAMPAIGN THE Indianapolis Symphony Orchestra has launched a campaign to broaden the list of contributors to its | maintenance fund. For the past several years the maintenance fund has been shouldered by fewer than 300 persons. It has long been gen

aken in by the sale of ticke on a completely self-supporti ould be almost prohibitive. | The orchestra has had a remarkable growth. It ranks

basis, the price of tickets

s that it can justly put its case to the public at large. us the current campaign. | Indianapolis has every reason to be proud of the ‘achievements of this magnificent musical organization and {we sincerely hope that the campaign is an outstanding

IGHT politicians in Pennsylvania go on trial on charges of conspiring to shake down state employees for politjcal contributions ranging from 3 to 5 per cent of their

x salaries. . 5

A Congressman from Georgia is indicted on charges of selling postmastership appointments. Jot In Illinois authorities delve into the mystery surrounding the suicide of a man who was the custodian of the campaign war chest of the statehouse crowd. | : Yet there are some who think it is smart to ridicule the efforts of Senator Hatch and Rep. Dempsey of New (Mexico to enact legislation designed to add a few safeguards e integrity of public payrolls and to the freedom of elections. | :

WINGS OF SAFETY

| GINCE March 26, 1939, there has been mo fatal accident on any scheduled airline in the United States. 1. That means that American aviation today achieves one of’ its most coveted and certainly one of its most significant goals—an entire year without even so much as serious injury to any passenger or crew member on domestic transport planes. : > 1 In that year these planes have flown nearly 86,000,000 | miles. They have carried 2,100,000 passengers and more ~ than 514 billion pound-miles of express. They have proved | the fallacy of the old belief that winter flying involves unavoidable dangers. For though the last three months have brought many sections the severest weather conditions in | recent years, the airlines’ safety record has been in no way marred. : : : | It is not possible, of course, to say that the record will ‘continue unmarred for another year or for any definite period. But it has become possible to say that the risk of air travel on commercial lines has been reduced to something appr aching the absolute minimum. |

i

lines, to their system of weather warnings, to the maintezafies men and the flying personnel. A Government agency, the Civil Aeronautics Authority, has done its part through sensible regulations. Americans should be proud today of all who have shared the achievement of making the great wings above this country safe carriers of peaceful traffic.

} i | WHEN PEACE COMES | : foe Senators who are tying to talk the Hull trade = prégram to death appear to have their sights [trained “on the next election, and not one day beyond.

‘nent than their legalistic objections to Mr. Hull’s it ‘seems to us, are the conclusions of the repre of American industry, agriculture and labor wh pated in Fortune Magazines latest “Round Table|” These experts, who went on record in favor ¢ uance of the Hull program, not as the whole ans] § a minimum concession to the realities, undertook to nalyze the type of world in which the United States will have to do business in the years ahead. And they tried to putline a foreign trade policy that will promote the well being of that world in general and of this greatest of all

1ethods,

{creditor nations in particular. | | | “It cannot be assum d,” they said, “that once peace is restored world trade ill again flow with comparative freedom. Unless some far-reaching economic-reconstruc-

out in advance, the cessation of hostilities will produce tremendous problems, | | | «Millions: of demobilized soldiers will crowd ‘into the abor market, and plants that previously produced munitions vill work long hours to produce cheap exports. To rebuild foreign markets, belligerents might resort not only to poorly paid labor but to desperate measures of price control, export bounties, and exchange manipulations, ‘Aski’ pounds and ‘Aski’ francs might demoralize competitive rading, as much as, if not more than, Aski marks. | “As |a result of such developments, a fore situation { become ch events, it may suddenly be confronted at the end of this war with a flood of cheap imports, while its exports may be d from foreign markets. Not only will its war trade have disappeared, but its markets for ordinary ‘peacetime trade may also be lost. . . .- | NGL .#1f the U. S. is to have a healthy foreign {rade and a healthy domestic economy, it must be willing to 1

lianapolis Times :

Price in Marion Coun-| |

| time asking for the investment of American capital.

- % I == : atin America By John Thompson. =. |[ “Expropriation Hangs Like a Cloud ‘Over Potential U. S. Investment; ‘Mexican Policy May Have Imitators Co awnateses x 7ASHINGTON, . March 26—The much-talked-'V of expansion of American enterprise in Latin America is still mostly talk. ~~ Ler There isn't apt to be any large-scale investment of ‘American capital down there until several important barriers have been cleared. These are the Mexican expropriations of Ameri-can-owned properties, the unpaid debts represented by: securities held in ‘the United States, and the

super-nationalistic tendency in some countries to ‘want .everything for themselves while at the same

“The greater part of these difficulties could be overcome at one bound if the Mexican question were settled satisfactorily. It hangs like a depressing cloud over all American enterprise in Latin America, for, if there is no early settlement, the Mexican example

y known that the cost of any single concert is far greater than the amount of money . Were the orchestra to go

today as one of the nation’s 16 major orchestral organiza- | tions. With this impressive record, the board of directors |

Credit| for that belongs to ‘the managements of the |

But more eloquent than their oratory and more perti-

ntatives partici-

¢ i

er but

‘may yet be followed by other countries. One South American statesman told this correspondent that the Mexican situation must be straightened out by the United States quickly if we want to prevent all of Latin America from: following ‘the Mexican example. : : . =» = PRIVATE opinion in Latin America censures the L United States for having been weak-kneed in the Mexican situation. In our efforts to play the good neighbor, they say, we have become the symbol ‘of the “easy” or the “silly” neighbor. Latin- America fully understands that we are right on the Mexican issue. If we had taken a resolute stand—which does not necessarily mean any military expeditions—the atmosphere would have been cleared immediately. But we have permitted the situation to drift for so

long that any determined action we may take now might have explosive repercussions. Settlement of the Mexican question would automatically take care of the ultra-nationalistic' aspirations mentioned above. They do not want the old- | fashioned type of investor who comes down and exploits the country to the ultimate and leaves nothing but a trail of abandoned properties behind him. What they want down there is the investment of American capital plus American skill in conjunction with their | national resources: | |r eh

E

2 2 o LL America feels that the new type of investor -who will eventually work with’ them in exploiting their natural resources will: share with them on a 50-50 basis all investments as well as profits. Clear-eyed American industrialists can see that this is the only way for them to benefit from their investments and at the same time insure themselves against undue nationalistic pressure. ’ Finally there is the perrenial question of the Latin American indebtedness in. this country. Most of the Latins say they were hornswoggled into borrowing the money. They say they didn’t need it at the time they were talked into taking it. They had just come through a prosperous war period with money more or less plentiful in their own countries. All values of money and interest were distorted at that time, they say. “They are willing to pay, but not on the basis of the ‘artificial valties existing at the time they borrowed the money. “Scale down the debt to the present, exchange value and to the present interest rates,” they say, “and we will talk business.” , Logic seems to be on their side.

(Westbrook Pegler Is on Vacation)

lInside Jndianapolis The Mysterious Case of Robert E. Lee's

! AE one night recently a Grand Rapids business man picked .up the telephone in a Cin- | cinnati hotel and “said something like this: “This is Robert E. Lee. I wish to put in a call for Mr. Sherlock Holmes in Indianapolis.” There was a pause at the phone girl's end of the phone for a bit and then came the suggestion that perhaps Mr. Lee would like to wait until the morning. | Mr. Lee had quite a time of it, we hear, convinc-

ing the operator that he was sobriety itself and that this was business. They ‘say that he finally got his

arty. ; The only thing that puzzles us is: how the phone company knew who Mr. Sherleck Homes was, because that isn’t his name at all. His name is Simon Allister Holmes of 5554 Broadway. He's connected with the Transport Equipment Co. and has quite a good deal of business with Mr. Robert E. Lee. | It might even be that the phone company tried Mr. S. E. Holmes of 6220 N. Delaware whose number (another | coincidence!) is Br-6220. We asked Mr. S. A. Holmes’ office why he. was called Sherlock and all the girl would say was: “I'll bite—why?”- :

. » ” 8. ABOUT. 11 O'CLOCK YESTERDAY morning on a N. Illinois St. car was one of the most beautiful blond lassies you ever saw. . .. And somewhere in the vicinity of 16th she calmly opened a -tin lunch box and partook of cold chicken (leg, finished off with a puf at a cigaret (yes, ri

car) and debarked at Market St. ., . Norman Perry Sr. has been boasting to friends lately that he is

is D. L. Chambers of Bobbs-Merrill. .' . . Teghight the boys play hockey again and we hope Mr, McVeigh,

t on ‘the street

soon to be a grandpa. . .. Another upcoming grandpa

bs

_ THE INDIANAPOLIS TIMES —

‘They Rolled Somethi

ng Besides Eggs!

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President Right in

{ 4

Alles

= 4 | Have Our Most Advanced Planes

| Since It Speeds Up Plant Capacity,

ASHINGTON, March 26—The policy of the President to permit the Allies to buy our mosh

|e vanced type of military and naval planes is 100

cent’ correct, . A principal problem. .in our

' may lose a battle but I will never lose a minute— | and hence few wars.” We have the best industrial | plant in the world. But in our modern system of

manufacture, the best plant in the world can’t get into. production without first going through a slow and complicated effort called “tooling-up.”. 3 This. means the arrangement of buildings and machine tools to provide a continuous flow from one operation to another without back-tracking or | lost motion. It means the making of the.working points of those tools to insure. absolute uniformity | in all ‘the thousands of separate parts that go into - the assembly of any such complex and wonderful | thing as a modern war plane. It means . the making of patterns and gauges to insure accuracy. beyond

| the split fraction of a mouse hair—microscopic ace

curacy in some cases. : ; : Br ” ”

FINHIS requires the highest mechanical skill that

sufficiently skilled pattern and tool-makers is one of the great

‘experts are needed.

, o | A The Hoosier Forum I wholly disagree with what you say, but will defend to the death your right to say it.—Voltair .

| |

WANTS WAR NEWS PUT ON BACK PAGES By H. S. Bi

It is too bad that the exploits of the European gangster nations should feature the headlines of our daily news in America. ‘Why should we be dosed with war racketeers’ daily murder activities? Those Capone governments of Europe should be ostracized until they become civilized. Are our newspapers feeding us war news to draw us into the caldron of fighting fools? | ‘Constructive achievement in America is not news, is it? Why don’t we feature constructive programs as news of the day? Put war news on the last page. Feature every constructive move made by government or business in our headlines.

Phone Call to Mr. Sherlock Holmes. RS .

DENIES TRADE PACTS . CIRCUMVENT CONGRESS

By Alberta G. Castle and Maxine L. Burkert

Is Congress giving up its constitutional powers when it allows trade agreements to be negotiated and put into effect by the State Department without being brought to Congress for ratification or approval? In the first place we know Congress, by the Constitution, is the legislative body. It cannot legally give away its power to make a law. In this Trade Agreements Program let us consider whether it has given up its law-making prerogative. Congress itself definitely passed the present law which sets prescribed limits by which those carrying out the law must be bound in any negotiation. For instance, no duty can be raised or lowered more than 50 per cent of the existing rate and no article can be transferred to the free list if not already there previously. This is the well-defined yardstick Congress itself set up. : Congress then turned ovel the administration of this law, the duty of finding the facts; of holding the public hearings, of negotiating, and of putting the results into effect to the executive department, And rightly so, for it is obvious that a large deliberative body like Congress cannot negotiate or bargain. Being in session but a part of the

tion program, supported to international loans, is worked.

receive

voods and services in return for exports. Indeed as a creditor

‘nation, it must be willing soon to have a passive balance of

n

n is just the oppos

this sense, the U. S. must become import-minded.”

good fo |

degradation to which our sex is sometimes sub-|

the referee, isn’t quite $o. embarrassed by the audience as he was Sunday evening. . .*. After he'd sent one Capital player to the penalty box, a voice from the audience barked: “You forgot your red shirt, McVeigh.”. . . We were. close enough to see Mr. McVeigh’s ears get red. . . . Honest! :

year, and with all the multitudinous issues demanding its time when

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

Congress does not have the time to do the long research needed in making scientific tariff changes. Consider a strong precedent. After fixing similar well-defined standards, Congress gave broad dis-

cretionary powers to the executive in the flexible tariff of 1922 on which Chief Justice Taft handed down this Supreme Court decision:

\|“If Congress shall lay down by leg-

islative act an intelligible principle to which the person or body authorized to fix such rates is directed to conform--such legislative action is not a forbidden delegation of legislative power.” In the second place, let it be remembered that Congress retains the right to examine and review the Trade Agreements Act at any time to see that agreements made conform to the limits it has set, and also the right to rescind it outright if it thinks it operates against our interest. Who can fairly say that Congress has no control on the situation and has abrogated its power?

(Use former Insull Co. as model) Allow “stocks to be overcapitalized and the sale of blue sky securities. : 3. Free all rich individuals and

large corporations from taxes a

la Mellon and Morgan method. 4. Promise to keep us out of war until after election. | DEMOCRATIC 1. Continue Federal ‘relief only if each relief person guarantees to vote Democratic. 9. Maintain an elaborate card index system to check how each person in U. S. voted. This index can then be used when the Federal bureaucracy is further en-

larged. ; 3. Raise the Government debt limit to 1000 billion. Get ready to really spend money. 4. Promise to keep us out of war until after election.

New Books at the Library

HE family tree of the horse. produces a surprising history, in the course-of which these f#ts are

driven home: The horse preceded man on this earth by more than 50 millions of years, closely follow~ ing the vanishing dinosaurs; the earliest, or Dawn Horse, resembled a present day terrier not only in size, but in possessing separate toes — four of them; moreover, the migratory nature of this unaggressive beast took him well around the globe even long before the ice-age.

it is in session, it is evident that

Exonerating the horse's enforced

A Woman's Viewpoint ‘By Mrs. Walter Ferguson |

| URIOUSLY, men more often than women see the

jected. As an example I quote from a letter written

by John Pobar of. California, who has a ringside seat at the greatest national sex circus. “I have often wondered,” he says, “why you ladies with your powerful organizations have not done something to eradicate the vicious practice of hotels, night clubs, and eateries exploiting young ladies to fill their cash boxes.” a A , Have you not wondered, too, Sister Clubwoman? Have .you not sometimes been troubled trying to reconcile our moral homilies with our use of innocence for money-making? : E Everywhere we go these days we see these cleareyed, fine-skinned, tenderly curved maidens, so recently come from the land of childhood that they: seem little girls still. Yet their bodies—precious temples for the creation of life—are made. a bait for suckers and a feast for lewd stares. Many of these girls are so young they do not | {: grasp the perils of their situation. Some are innocent | ! victims of economic need, adult greed or the: desire for publicity. No doubt the majority have mothers | §- who pray nightly that their daughters may be spared | § ‘the ultimate pollution, in: spite of their dangerous surroundings. For they are indeed lambs gamboling in the midst of devouring wolves, : The feminine body, as nearly nude as censorship | | allows, can be seen gleaming across the covers of | pornographic magazines and adorning highway billboards. It is exploited in order to sell goods; and if ~women were half as fine as they consider themselves, they would regard such exploitation as an insult. Maybe all this degradation of innocence and youth

and feminine decency is good for business, but is it “a Christian > Jization—and especially fo:

LJ DOU] '-

Side Glances—By Galbraith

' land Americans” \ | touching upon the history of the ' | species, ‘he cites equine individuals '|of our own era.

associations with man’s warlike ac-

tivities, Arthur Vernon.dispels the glory which surrounds most tales of Roman contests on ‘the Circus Maximus, of (medieval chivalric tilts, and even . rn. cavalry. “The History: and ‘Romance of the Horse” (Waverly House) is a prosaic title for. adventure as exciting as human beings ever took part in, for it dramatizes man’s constant companion. Whimsically written, there is the humor and pathos of a novel gathered into this thorough study which considers the horse right down to its current breeds, including ponies —the abridged editions. | From quite a different point of view, Phil Stong writes of “Horses (Stokes). Hardly

y one who has

| |ever attendéd a State Fair, or who

has thrilled to the feats of a rodeo,

‘ {will respond with pleasure to the

rally-quoted first-hand accounts of “horse-heroes. This book is the “Our. Times” of horse literature.

SPRING’S CARESS By OLIVE INEZ DOWNING

| The blue hyacinths with their new-

born bloom. Rise in spikes. from the earthy 1

: oam, Fane | Holding the sweetness of rare per-

fume % As they sway and nod from their mossy home. i

Close by them the daffodils stand

erect 3 In new spring jackets of

spun gold X And fancy fri bonnets s» very

select, . With dew diamonds glistening in

each fold. |

pure

|| All winter the bulblets'lay inert

Till they felt: spring’s rain and ' sunny ray, hr

| Then they arose from out the earth, The symbols of Resurrection Day. ‘| proper food

DAILY THOUGHT _ Yet ye say, the way of the Lord is not equal. Oh ye house * of Israel, I will judge you every

one after his ways—Ezekiel 33:20. -

CE 18 int desire

‘returns?

efficient mass production: basis would" give us something that hasn't existed and, under conservative

~{ plans for our own equipment, might never have been

completely attained. But a billion dollars worth of Allied business coupled with our own requirements, on basic designs identical with our own, will do exactly that. : i | s = =» S for “military secrets,” we have some gadgets that lead the world—for example, our pursuit plane super-charger that has increased speed of one model by 40 miles an hour. But how long will they | remain secret? : Ro For undisclosable reasons, our marvelously acs curate bomb-sight is in- a slightly different class but, as to standard plane and engine type, we would | be short-sighted not to give the Allies the best we have ‘for quantity production, even if it somewhat delays our own program. 'If war threatens us, wo! will take all this newly developed. factory capacity for our own use—exactly as we did in 1917. The President’s policy will speed our essential produce) tion, put us in the vanguard of invention and sign and very greatly lower our costs.

Business

| By John T. Flynn

Fight on SEC Could Very Well Restore New Deal's Popularity,

CHICAGO, March 26—The ‘investment bankers have slammed the SEC and the SEC has slammed back. The tide of business sentiment rises against the

whole country feels the same| way about the New Deal that businessmen do, particularly investmentbanker businessmen. They may be in for a real jolt,

There is a very decided drift away from the New Deal. No man can say just how strong it is or how far it has gone. - But it most certainly “has not yef gone far enough tojustify bankers in’ supposing that the New Deal is doomed. = = : I have been about the country a hit, many parts of it. I get this impression- from talking: to many people and groups. There is a feeling—in places it is a conviction, in other places just an impression—that the New Deal has not been.able to solve our economic problems. But while: that is true there is no very violent resentment about it.” There is a feeling of tolerance among people’ toward the Administration, a notion that it has failed but that it did its best. This was stronger ‘before the war, In places in the East and South the war has helped: the Administration, because people imagine it is trying to keep us out of the war. I do not think the Admins istration has been trying to keep us| out very hard. I believe it has been playing :with the. war to take the minds of people off the extent of its failure at home. But this conviction is not a.popular one in the and East, though it| is more widely spread in the West. | The balance between the parties is fairly even. It would not take mich to "turn it back strongly te the New Deal. And I know of nothing that would do that quicker and more efficiently ‘than ey the investment bankers on the SEC. i . that Republica carry is these same investment, ban ers. mercial bankers are certainly not: popular. th are heroes compared to the gengral atéitude toward the investment ban oe A | :

Contesting W th Hitler 2 I

All that the SEC has done in this present instance. to excite the rage of the investment bankers is to. require that utility companies in certain cases deal ‘at arm’s. length with the bankers, and get their money, when they borrow, from . whatever banker will lend to them on the best terms, rather than from some favored banker who the inside track. People do not forget the losses they suffered at the hands, not of utility-compahy’ managers, but of ‘the bankers who wormed their way into utilities and exploited estate companies and sold bonds in’ them secured by mortgages twice thé ‘value of/the buildings?’ Who was it put scores of good utility companies together into holding-company groups and ‘unloaded the stock on investors and produced billions.in lésses?. Who was_it organized investment trusts and sold billions to ‘savers seeking, not - riches, but ‘safety ‘and moderate

It was the investment bhankers—and millions remember it. Now the SEC says that when a utility wants to borrow money it should borrow it from the banker who will lend it at the lowest Jats and on the most favorable terms, And for that the Anvestment bankers demand that the SEC should be ine vestigated. The, fury of public indignation and seven ‘years on. the mourners’ behch have seemingly not

reformed them. Apparently they are determined to

contest with Hitler for the honor of being Franklin

Roosevelt's best asset...

Watching Your By Jane Stafford - i Ln |

«gy EARN ‘howto live” is the advice given by. am eminent English physician. to persons whe ‘suffer habitually from headaches for which no.definite \cause can be found. First, of course, the chronic ‘headache ‘sufferer should give his physician op ‘portunity to search for the caus of the headache because many times’ the cause is a condition that car be remedied, and the headaches thus banished. Encouraging statistics are given by this same Ebi lish physician, Sir Edmund -Spriges, in. an;anglys

7100 consecutive cases of headache. In cases follo red

up for a reasonable time, more than 1 Sfipe patients—77.6 per cent—were ally or greatly improved. © ©" Pf When no removable cause for he Sound, this Physician Savigia | : quietly, getting plenty of sleep and ‘cal rest, i “gentle exercise,” ‘e ; : nd avoiding alcohol.” Power. be increased and strain lessened if the afrange to take an hour's rest:on a if ‘possible, after lunch. = a fosterer of headaches,” says Sir K Causes of headaches are om

‘impossible to list them all

"is demanded of any workmen. The scarcity of I “bottle-necks” retarding production. | Once the original tooling is done fewer of those |

To put the American airplane ‘industry on an |

South

hem. Who was it that organized real

| preparation for defense is productive capacity. Time -

| = “of the essence” in war. - Napoleon used to say: |

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A

des { | 3

New Deal, and the investment bankers think the

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