Indianapolis Times, Indianapolis, Marion County, 3 October 1940 — Page 18

PAGE 18

‘The Indianapolis Times

(A: SCRIPPS-HOWARD NEWSPAPER)

ROY W. HOWARD RALPH BURKHOLDER MARK FERREE President Editor Business Manager

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Give Light ana the People Will Find Ther Own Way THURSDAY, OCTOBER 3, 1940

25 BILLIONS MORE DEBT |

“GAN GWAY for the King of Babylon and a party of six!” | Sound of revelry by night-—and the night seems ‘young. Cocktails, highballs, soup and fish have been served. The main course 1s yet to come, the champagne yet to flow. ] Who'll pay the check? Is the host solvent? Why ‘bring up unpleasant thoughts when things are- going so good? Rather than let this die on the vine, arrangements ‘have been made. : There was a debt limit. But what of that? The limit ‘already has been cracked. It was 45 billions. Hiked earlier this year by three billions. But that’s chickenfeed, if you are really talking about an actual, blown-in-the-bottle abundant life. All “on the cuff.” So now “Treasury officials are understood to have suggested that they may be compelled to ask for an increase, for perhaps as much as 25 billions, early in the new year.” ; Let joy be unconfined. ss x = 2 sles That’s the fiscal picture we see unfolding. If the voters in November accept it as something that can last— deficit spending forever, bootstrap economics, thrift to the wind—then this nation of ours is in for just another one of those crashes which periodically have marred all history. A crash which will make the stock-market collapse of 1929 seem like no more than a pin-drop. For it’s big government now, not big business, and billions, pumped out through power to tax, and to destroy.

8 8 8 ” u 2

As frenzied finance has proceeded under the present |

spend-to-save program there has been much talk about inflation; about when it will come. It’s not a matter of when it will come. debt is inflation. And “25 billions early in-the New Year” will be the next layer—spending money on order but never on hand. ; All this is nothing new in history. It is merely the defensive mechanism working—the mechanism that all sovereign governments adopt in answer to the first law of man— self-preservation. It’s as old as recorded time. 1t motivated Kublai Khan with his mulberry-tree money. The Greeks had a word for it. Solon played the game when he became archon of Athens. Henry VIII, when he devalued the currency. John Law with the Mississippi Bubble. The tulip craze in Holland. Our own continentals and greenbacks. And in private life, William Jennings Bryan peddling real estate in the Florida boom—and the Insulls and the guaranteed mortgage bonds. All of the same family—debt, more debt, playing on margin, struggling to beat the inevitable. "3 We are on the same old downhill path. But we don’t realize it yet. But whether it’s a government or an individual there comes a time of reckoning.

THE ARMY | EN. MARSHALL, the Army chief of staff, announces

a plan to set up officers’ training schools throughout the | country. Drafted men and volunteers who show special

promise will be sent to these schools for the last three or ‘four months of their year in military service. Graduates will become second lieutenants. : It’s a fine plan. The new Army, as Gen. Marshall says, must be democratic.

mighty hard work in training camps and officers’ schools. Very few young men show such extra special promise as that which has enabled Elliott Roosevelt, for instance, to step from civilian life to a captaincy in the Army Air Corps.

HOW'D WE GET THIS WAY?

RANKLIN ROOSEVELT’S ideas of ‘sportsmanship and fair play are superior to those of some of his supporters. In describing as reprehensible the egg-throwing and catcalls that have attended Wendell Willkie's tour through industrial

expected of any gentleman in his position. : Yet it is time for all of us to ask ourselves how it happened that the psychology of this country has reached the point where it is not possible for a candidate for the highest office of the land to go peaceably among the people and present his arguments. Who stirred up all this bitterness and intolerance? It used to be that Republicans and Democratic standard bearers could travel about and mount the hustings without having to dodge eggs and tomatoes. . It used to be that voters could stand on the sidewalks and listen to political arguments, or watch candidates pass by, without being exposed to risk of having their skulls cracked by a baireaucrat’s loaded wastebasket dropped from the 18th floor of an office building. :

TECHNIQUE

; HEN Federal Farm benefit checks were distributed to thousands of Iowa and Nebraska farmers from a few weeks to several mcnths ahead of usual schedule, the Omaha World-Herald was moved to inquiry why. Some county dispursing agents, according to the newspaper, explained that there had heen “an improvement in technique.” But, they insisted, it was only “by sheerest coincidence” that the Government checks arrived just before Wendell Willkie visited the two states on his cam~paign tour. . Oh, no doubt. But don’t be surprised if the improved technique produces quite a few more such sheer coincidences before the fifth of November.

ERSATZ FOOD

WITH ersatz food now being made of wood in Germany, the good hausfrau is really in danger of week-end guests eating her out of house and home.

Am em HN A SAIN pbs 5 A bb

It’s here. Big |

| free-loaders come a-running!

Men in the ranks must have oppor- § tunity to become leaders. For most of them that will mean

‘| Americans to Americans.

Fair Enough By Westbrook Pegler

New Deal Probe Such as Pecora Gave

Bankers Would Expose Some Queer

Frauds Perpetrated on Taxpayers.

EW YORK, Oct. 3.—I wish it were possible to hold a super-colossal investigation of the whole New Deal from March 4, 1933, down to the present hour, similar to Ferd Pecora’s open grand ‘jury performance on the gyp bankers and promoters back ; ‘there when most of us were, in a political way of speaking, very young. It is my ‘belief that such a probe or quiz, as we would call it in the papers, would reveal such a system as the world has never known, operated in . the name of democracy. My first misgivings as to the purity of the New Deal occurred ‘way back when the dew was wet on the rose when I went around to the old postoffice in Washington : and discovered our old friend Wild Will Lyons stowed away in an office of his own, with his name on the door under the title of special assistant to the Postmaster General. Old Will had been a traveling drummer for years, selling two-pants suits with pinch-back coats to the cowboys and beet field hands out West.

2 # 8

YT YE was what we called a character around the fight business, often to be found in Billy La Hiff's tavern, where the mob hung out after hours on fight nights at the garden. Around Washington there had been some talk that Jim Farley was going to drop him into a job of some kind, but I thought that was just talk, and then, all of a sudden, sure enough, there was our Will with a private office in Washington, keeping the scrapbooks for Jim—just pasting up clippings. ° I never did discover what his salary was and heard it estimated or guessed variously between.$4000 and -$6000 a year, but I said to myself, “hell's fire! There goes a lot of people’s income taxes just to gratify Jim's generous impulse.” ] There are thousands, probably hundreds of thou-

sands, of poor citizen stiffs around the country who |

have to sit down every year and fill in a lot of blanks and send a few little bucks to the Internal Revenue to pay the salaries of such appointees. Then, when they have forgotten all about it, around comes some chap with a briefcase and goes over the whole mess, nickel by nickel, BH Wiis up saying he can’t allow the deduction for the bum debt which has heen written off and will have to stick :the taxpayer $8.26 more, plus interest at 6 per cent. Well, Will Lyons was only one example, and a minor one at that, of the generosity of the bleeding hearts of the New Deal with money intrusted to them to bail the country out of hock. =

n n ”

ND from that time on they just dropped pretense and yelled “come and get it!” and did those Everywhere you turned you ran into somebody you used to know, most of them either dried out drunks or embittered flops with no excuse at all for failure except their own! incompetence and inability to get along, holding jobs in “the guv'ment” and drawing down people's taxes. This was the de luxe dole, and as the Administration spread the practice increased and mystery was made of the multiplying departments and sub-depart-ments after the manner of fhe swindling financiers of the old regime with their pyramids of holding companies. The arrogance of them is something suitable for framing, too. They are now “the guv'ment,” “trying to make democracy work” for the masses against the greedy resistance of the pernicious reactionary. Certainly, the system is no more honest than that of the bankers, and nobody in Washington attempts to justify it on moral grounds. They just sav it is politics, and that is supposed to explain all. It does, too.

Business By John T. Flvnn

FDR Thinks Debt an Asset but Those Who Know Better Offer No Protest.

LEVELAND, O¢t. 3.—I pointed out recently that— with a debt of:50 billion dollars—the Government is now embarking upon a new adventure in debtmaking. It is getting ready to pile another war defense debt cn top of the depression debt and the debt of the last war. But one aspect of this is fargotten. The average businessman will carry this disturbing thought to his pillew and worry about it. But the Government—I mean the President, himself—carries no such worries with him. What has been forgotten is that just before this war episode began the President was fertilizing the public mind in support of a theory of finance which is more or less new. It is that national debts are not a bad things; that we have nothing to worry about in borrowing; that, as long as we do our borrowing within our own borders, we can go on practically indefinitely. That is, as long as the Government borrows from Americans, we do not have to feel any alarm, for the national debt is no debt at all. It is a debt owed by In other words, owing it fo ourselves,. the credit we own . cancels out the debt

| we owe.

This naive—and even silly—economic theory was being widely advertised and propagandized even before the war. The President started off his Administration denouncing Hoover for borrowing a mere three billion. Then he began to borrow billions himself.

. . : . | But, he told the people, this was a necessary evil. areas in Michigan, the President sajd what would have been peop y

a n ” ” HEN. he adopted the pump-priming theory. We were to borrow for a while until we got business going, then we could and should stop. But as the years went on and business did not get going, and as the billions in debt piled up, he began to play with another theory. One was that we did not have very much real debt at all as most of the hillions.we had borrowed had been “invested” in public welfare, and hence these borrowings should not be carried in the budget at all.” We could balance the budget by just removing all these dark items from it. Then his advance guard of propagandists began to preach another doctrine—the doctrine that we owe all this money to ourselves and can go on borrowing endless billions. The debt had ceased to be a burden; it had now become something splendid and helpful and desirable. At the same time, various literary economists have been diverting us with the dreamy thought that we are making the mistake of thinking too much in terms of “money”—that money is a sort of illusion, a sort of veil behind which the real substance and workings of our economic system are obscured. And they

imagine that we in our democratic economy ‘can do |.

the same kinds of things that European dictators do with money in their rigidly controlled economies. This will help to explain why the President without a twinge can send in new demands for a billion today. two billions tomorrow, four billions next week until he has finally demanded $12,500,000,000 for defense. | But it does not explain how a lot of hardheaded Congressmen and businessmen who know better can sit around and yell “yes” every time the President, asks for another batch of billions.

So They Say—

WE DON'T have enough babies and we are not building up with immigration from abroad.—William Lane Austin, director of U. S. census, explaining decline in rate of population growth. * ®

AMERICA DOES not belong to the past, as some pessimists would have us believe.’ America belongs to the future, and every citizen in all this land is entitled

to say: “Mine is the glorious past; mine is the shining | future!” —Senator Ashurst, Arizona, in his Senate | *

valedictory. * Ld SOME PEOPLE are trying to cause a rebellion in Mexico and entice the Mexican people away from the ways of peacé.—President Cardenas.

THE INDIANAPOLIS TIMES

Maybe the Cat’s Got His Tongue!

{By Claude Braddick, Kokomo,

righteous bolting, rats deserting a sinking ship. But

will have pushed and then followed

: a ”.. The Hoosier Forum 1 wholly disagree with what you say, but will defend to the death your right to say it.—Voltaire.

CONTENDS POLITICIANS WORSHIP EXPEDIENCY

(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.)

Ind.

When Mr. Roosevelt was renominated at Chicago, under hectic ‘and ill-omened circumstances, there was much public and selfreminiscent of

now that the ship seems destined to remain afloat, many are clambering back. Politicians, like diplomats, pay lip service to principles; but their actions show that they worship expediency.

on fundamental facts that were gleaned from 5000 years of man's struggle for freedom and comfort and security. Strong Americans of high morals and courage almost ied the world to man’s realization of

With the usual elan born of their| his aims. Came the great worldown colossal ignorance European! wide postwar - depression and and Asiatic imperialists point to a America’s real chance to lead manMonroe Doctrine for, their aggres-| Kind, and we were too comfortable sion ignoring the fact the Monroe and lazy to carry through. Who are Doctrine was established, not for| We to speak of progress? The only exploitation, but to prevent the same| Progress that will be retarded if by ambitious old world expansion-| America is strong enough to protect ists) . , , | the third-term tradition is the Shanghai was built upon worth- progress of the termites who are less marsh land at a cost of billions, taking America apart bit by bit. of dollars by British interests and| People who will laugh at the was a haven of refuge for Chinese! crookedness of politital machines, and Japanese alike. |and who will stand idly by while The extraterritoriality feature was frugality with the taxpayers’ earnnecessitated by the lack of adequate ings, and common sense, common

courts and control of the tariffs was morals and commen honesty dissecurity for loans. appear from government, are not a

Any particular injustice jn this? progressive people. People who allow

Against these advantages what has|OUr common courts to be filled by

ino | political machines and allow hign Jom to ofter? Less than mothing officials to ridicule, heckle and pack

; : bos Yi the most august court in the world ye ere pa and then say that those who have Asiatic Monroe Doctrines, they had been guilty should remain in office, better get an inkling of what they, iD total disregard of the last remainare talking about. . . . ing tradition, are not progressive— : they are reactionary to the 15th 8 8." century. ASSERTS ONLY BLIND 2 4 = ATTACK OUR TRADITIONS CHARGING POLICE LAX IN By Voice In The Crowd SUPERVISING YOUTH

When people speak lightly of By A Mother American traditions and from sheer| We have one wonderful police laziness to defend them claim that| force in our city of Indianapolis. I they retard progress, they are blind| would not let my boy have a bicycle indeed. e but when he is. away from home; he For nearly eight years we have rides on the handle-bars of a’ boy's not only gone backward economic-| bicycle and five boys ride five abreast ally and politically, because one by|down a heavy traveled street. He one our great traditions have been surrendered, but we have dragged a, when they see them. world that was recovering from the; Four boys all with bee bee guns world depression in 1932 back with! running all around the neighborus. If we surrender any more we hood shooting at everything in sight; the police don't see them either. ? Cars running 40 and 50 miles per

2 n 4 CLAIMS JAPS DISTORT MONROE DOCTRINE By Liberty

the world back into the middle ages. American traditions were founded

Side Glances—By Galbraith

4°

"What if prosperity comes back and there's no excuse for not

working—that would really be something to worry about!"

EE oh rm A oD dir Sa A

says the police don't. say anything:

hour, horns and cut-outs wide open, running up and down main stréets all hours of a night, crowding cars to curb and it’s hard for a middleage person to get across the street and they don’t jay-walk. Little boys from 7 to 11 years old running the street till 11 p. m. That's the start of young criminals. .. . If they would look after the ying people they would not have the jails so full or use so much of our tax money for a large police force. They ought to teach some of this in schools also. 2. 8 » INSISTS TRAINING WILL HELP DRAFTEES By Roy E. David : In reply to Mrs. O. C. Neutzman of Sept. 18 expressing her opinion in regard to conscription being very disgusting to her as she has two boys subject to call. To real Americans who make up the rank and file of our beloved Nation such

opinions are far more disgusting to us than the idea of conscription! is to her or any others of the same!

idea.

Just such ideas are the big cause! influences to’ encourage our boys to be cowards |: It also influences

and teachings and and “slackers.” and encourages mere kids to marry to try to avoid conscription. It does nothing short of “panty-waists” of such boys - . . Military ] killed any boy or man. A year's training is and will be beneficial— it trains—it’s preparedness — and best of all it takes that pantywaist, that slacker and that cowardly idea out of boys’ heads . .

2 x8 FEARS WILLKIE

| PROMISES TOO MUCH

By Mrs. C. M. Jacoby, Acton, Ind. . . I have been analyzing very carefully some of Mr. Willkie's speeches. I was glad to have the opportunity to listen to his notification speech which he gave at Elwood and can say he made a fair speech and no doubt part of the great crowd thoroughly enjoyed it. Since ,then I have listened to

other speeches he gave and it has

seemed tc me ever since his nomination he has been always placing the big “I” (Willkie) “before the small “he” (Roosevelt) and making so many good promises I fear he cannot in all his lifetime fulfill them all. A President does not do ‘every-

! thing himself, it takes Congress to help him

We are all sorry about his voice

giving out but if he keeps on in

this fashion it may cease to function entirely. Nobody gets any place by always slurring the other fellow.

| We hope if he does get elected, he | will fulfil | making but it may be like “a chicken in every pot.” :

all these promises he is

NOT SAFE By ELEEZA HADIAN

You can tarnish a silver

Spoon with the breath of sulfur Dust, without losing any Ot its innate, high quality;

' You can use a gold vessel

For a lowly garbage pail Without degrading Its cast, or.destroy

Its beauty;

But how long can

| You subject a human

To destructive breath of scorn

| Without scarring his soul?—

Degenerating his God-like nature To that -of a senseless creature?

- DAILY THOUGHT

So that a man shall say, Verily there is a reward for the righteous: verily he is a God that judg-

eth in the earth.—Psalms 58:11.

” ” ” NEVER, with the Bible in our hands, can we deny rights to another, which, under the same c¢ircumstances, we would claim for

| ourselves.—G. Spring.

5 iF

making |

training never ‘hurt or |

And’ she loves Ait.

| | dustry on War Basis le f It Means Giving Real ty to Those in Charge

N= YORE | Det. 3.—Some of my columnar war crying coll¢ . say that American industry ought, to be put ion » war basis right now. Their argurnent is that|sne' eason why France fell was that, actiie, she couldn't mobilize her indi stry for war production, had to deilare war to pep up the nation ari did it all leisurely and far too la‘. They say also that “business - af usual” kept England from getting ready ‘soon enough and, finally, they point to the snail-like . slowness of our present rearmae mon program. With all that about France, E gland and our slow progress I a: vee. Perhaps I could agree also w ‘h the conclusion about putting 0 7 industry on a “war basis,” if I ki ew. what the words mean—or ii 5 I :m in doubt. af / merican industry should now he tial on Nazi yoke to this inept and nini ration of industrial amateurs, e ¢ rtain way to slow or even paraon, If it means that we should get ¢ perienced leadership of the inad give it appropriate authority, ‘er more significant—or' mora

#

they did. Of If it means put under an bureaucratic I know of no lyze war produ: some dynamic dustrial war efiert no comment 8 correct,

LE ” ;

lea ‘ership and administration would , a: some of this comment suggests, 0 sc all peacetime production aside ouriiment to make way for our war pleiity of industrial capacity in this ne: is. For 11 years, our great ecoas een dreamily waltzing along in a ree quarters time” tempo. That was age od behind supply. The war effort of creased demand and the sudden monaged. Our industry needs an witl a real baton who can keep it in harmony and} thr: for the new tune—but it doesn’t need to be ch d {1 the benches of any slave galley with a sort oii Rom nized Simon Legree to increase a ca -0’-nine-tails, : rlc War experignce may be informshipbuilding, both of -metchant proached. the miraculous. Charlie { part of it. In a plant where ail ship were being assembled and tm: nt was far ahead of the cosor it and other departments, he r & short picnic for the workers in

in a kind of ! needs. There country for b nomic maching

the engine deg ordinated schr took time out the yards. 8a 82 =

‘no peeches but, when the time for them carae! Chirlie pulled a surprise—the complete engine, p-unted on truck wheels, gay with flags and preceded] a hand came rolling out under a large franspa! y which read “All dressed up and no place to g .That plant speeded up production immediately. A very du industrial and selecting com} of the combir bility and aut! accountable ft That is the either war or’ Navy but we hodge=-podge ! our industrial pends: That, trols which th we need to gp

1s reason for Hitler's success on both ilitary fronts has been his skill in lent specialists in each principal part | tas, giving them complete responsity and then holding them ruthlessly esuiits, rst secret of all such major efforts in dusiry, We use it in both Army and rtainly do not use it in our present div ded and powerless leadership of iffor' on which everything now deus a very few additional indirect cone is not space here to discuss, are all 0 to wn—but we do not have them.

A Wamnan's Viewpoint

one of its famous old families, who ys had definitely decided to take up boily are nearly through college the whim but a fixed resolve. Again, I overheard another woman trying to excuse da relaive’s strange desire to become a ountry doctor.. Since he is nearvy through medical school this iotion is not a whim, either. - And ast- week, in a suburban area, I saw a sign which carried these unsual words: “A. A. Blank, M. D,, Family Practitioner.” To add to the happy tale, a dear friend whose nephtw two vears ago picked up his family, bag and baggage, and moved onto | ; a bit of land he owned, went into raptures over he success of the venture. It seems every memb¢ti bf te group is happy. Work is hard of course, bu. “heres the incentive of financial independence to; ur ‘them on. The -unifie¢’ action of all members has. brought aboutia new! {ling of domestic harmony. Two growing boys fini he ‘work exhilarating and wholesome. The father “ys discarded his chief worries, because he knows h¢ ‘an ‘eed his family and keep a roof over fheir his. The mother, hitherto bored ina tiny city apa ‘'aeni, is busy from daylight until dark. “ven the grandmother, who was a useless appe! ge in town, is an important person, since her ha; « : call always find something to do. Orie by 09 the:2 human interest stories accumu late, proving at sve are fed up with empty pleas= ures, tired @ follwing fads and bored with living a squirrel cass: existence. Certainly" 'e country can use a few old-fashioned country dociii’s ard more and better farmers. Far too much lan’ now belongs to Eastern insurance come panies, or en: ‘mou: corporations of other kinds. Absentee adic dism is a swift-growing. insidious disease. as {2:1 to patriotic efforts as several ‘Bunds. Farming sho ‘l never be regarded as a trade. It is a way of life-:ad tiie best of all ways that man has ever found fi ‘emain frée in body, mind and soul. It wquldi = wonderful, wouldn't it, if America cold go bac 2 50 common sense and shirt sleeves.

sail her tw farming. Si notion is not:

1ing Your Health

By Jane S* ford

HE ‘youi'e me: going into Army training camps - 1this wit 11 get protection against two and - probably tk crious health hazards that they might have fel » unprotected in civil life. These thi¢: he:lth hazards are smallpox, typhoid fever and te « aus or lockjaw. Anyone can have him~ self lor his! iildein protected against smallpox by being vaccii, Many people, however, refuse or fail to get ti and tested protection against a dise figuring and imes fatal disease. The men who go into Ar training camps, however, will surely be given this 1 tect on. : > Typtioid ver 5 not so much of a risk in cities or other nunities where water, milk’ and food pt gife from contamination, and where men's watch vigorously over typhoid ven! their spreading the disease. In rithout such sanitary protection, however, tere wore danger. Sanitation in Army traine ing camps 17: be good and the risk of typhoid very slight, but ‘vr addition the men in training can be given protec ve inoculations against this disease ;vaccination against smallpox. 1th protection for soldiers is tetanus ons of this turn a man into a walking - nus, or lockjaw, antitoxin, so that if ed not, as in the past, depend for prospeed with which he can be taken to a for injections of the antitoxin. Tetanus dircctly from the tetanus germs themf.oison or toxin of the germs is treated so that it~gannot produce disease, but wer of stimulating the body to produce against the tetanus germs. me: of the U. S. Naval Academy have new type of tetanus vaccination. It e French Army with great success, ac~

Newest xoid. Inj factory -of wounded he