Indianapolis Times, Indianapolis, Marion County, 28 November 1940 — Page 5

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RSDAY, NOV. 28,

1940

1S. FAR INTO WAR. |< GEN. JORNSON SAYS

Predicts U. S. Will Start Loans to British in 3 Months; | :

Nation’s Detense to Cost-50 Billion in Peace, No Limit if We Fight, He Warns.

The United States will start floating loans to Great Britain within about three months, Gen. Hugh S. Johnson,

sol nist for The Times, predicted here last night.

Adding this to our own defense costs, “they ‘take us into. the financial stratosphere” the sharp-worded

General told the Indiana As-|

sociation of Personal Finance Companies, holding its 25th annual convention & in the Claypool Hotel. ;

“Whether we like it or not, we have been drawn far into World War 2,” he said. “We are embarked, and I think quite properly, on a defensive program that from my own experience in the’ World War, I am sure will cost us no’ less than 50 billion dollars—even i we do not fight. “If we do fight, the sky .is the limit,” Gen. Johnson warned. “In addition to that, there has “been skilfully built up in this coun‘try a sentiment that we must be-

. come an arsenal for Great Britain,”

‘, he continued. “Let us face this issue

. squarely too.

Britain Resources Drop

“Nobody knows quite what British resources were in this country at the - beginning of their war-purchase program. The highest estimate is four billions. Some authorities say

. that present: commitments will re-

dute that to one billion. At the present constantly increasing pace of British purchases, that will be exhausted in a few months at most. Then we shall be confronted with a demand to finance British arma- © ment. “There is no way of telling Where

- . those costs will run, Adding them to

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our own costs, they take up into the financial stratosphere—figures beyond the comprehension of anyone. “We start with a debt approaching 50 billions. We are possibly embarked on a course that could _double or triple that. U. 8. Wealth Undetermined “Nobody can precisely state the total wealth of the United States— all the values piled up by the efforts of ourselves and our ancestors since Columbus. Estimates run all the way from 250 to 400 billions. We are in a fair way to expending from onefourth to one-third of it and maybe more.” ~ The General contended this condition could “destroy everything for which our separate country was created or, possibly, it could be used to make a plessing out of an adversity. . . . The danger naturally, he said, is inflation.

The General said, however, he:

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didn’t “fear skyrocket inflation, if our government uses the sense that God in his infinite wisdom ave geese. . . «

Debt Is Real Danger

“Our only danger is our rapidly increasing debt,” an issue which he said should have been more properly and carefully expldined during the recent Presidential campaign." Gen. Johnson told the Hoosier financiers he believed the cost of defense and aid to Britain could not

be paid as we go “by confiscatory :

taxes on our current income.” “What we need is high revenue,” he said. “What trickles down from armament to the great consumers goods industries might create such buying power of every needful thing {as to put our prosperity back into circulation but it never can sO on any non-profit theory of government.” Arms Plants Need Help

The "armaments industry. warned, is not a solution in Heel.

“There is no hope whatever in the armament sy, standing alone,” Gen. Johnson adde The financiers were to be addressed today: by Homer O. Stone; supervisor of the division of ‘small loans and consumer credit of the Indiana State Department of. Financial Institutions; A. J. Sieloff, certified public accountant; Leroy Sanders, tax counselor, and Dr. Theodore N. Beckman, marketing professor at Ohio State University. Officers were to be elected at the final luncheon session :and Dr. Charles Copeland Smith of the Chicago University Radio Round Table was to speak on “The American Way. ”»

he

Good Business Seen

A clinic on special problems was conducted yesterday afternoon following a greeting to delegates extended by Walter I. Longsworth, president of the Indianapolis Chamber of Commerce. Byrd E. Henderson of .Chicago, president of the National Association of Personal Finance Companies, predicted good business during the next two years. But this will be followed, he asserted, “by a period of economic unceltainty depending on national and international developments.”

SHOW COURAGE DETROIT, Nov. 28 (U. P.).—The Varsity News of the University of Detroit reveals that 52 per cent of the freshman class favers hazing

and 36 per cent disapprove. The rest were undecided.

played in Rome’s Piazza Colonna Greece. It shows Greece, .Greater Italy.

Twenty-one Repibilean county and legislative candidates: almost lost the Nov. 5 election through a technicality yesterday. In Circuit Court for a hearing on recount suits filed by their 21 Democratic: opponents, the 21 Republicans were given cold chills when the Democrats’ attorneys filed a motion for judgment by default. The motion set out that the Republicans were a day late in filing their replies to the suits. In asking the’ court to delay decision on their demurrer Tuesday, they had overlooked the fact that Tuesday was the legal deadline for the answers. In ruling on the: motion, Judge Earl R. Cox agreed that technically the Democrats were right, but, inasmuch as he had allowed the delay, he felt it hardly fair to penalize the Republicans. _ Sighs of relief were heaved by the 21 G. O. P. officials-elect and by their several attorneys. The Democrats shickered. After overruling the motion and

ordering the recounts started, Judge

talked

SAYS FRAZIER HUN Tr

World-Famous Reporter, War Correspondent and Radio Personality

\

Continues Mr. Huwr,

1 wish you motorists could talk, as J-did, to " ace weather man, Bill Pereira, of American

Airlines.

No plane can take off in winter or summer . without Senior Meteorologist Bill Pereira giving the “all clear” signal. But motorists are not so lucky. They must be prepared to drive every day in any kind of weather. When the thermometer hits bottom, you’ ve got to have a fast starting gasoline . . . and

Cox explained that if he had

cA,

one that quickly warms up your motor to the proper operating temperature.

Such a gasoline is Tydol Flying A. On the

complete ) prevent fuel w

You'll like Tyd

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Copyright 1940, by Tide Water Associated Of] Company

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11 Duce made the embatrassive mistake of putting his cartograph_ers ahead of the Italian warhorse when he ordered this huge map dis-

at beginning of the invasion of

conquered, already incorporated into

Téchnicality Over Recount Nearly Costs 21 G.O.P. Jobs

granted the motion, the election results automatically "would have been changed and the Democrats declared. elected. The court ordered the 21 recounts started the day after the present Treasurer's race recount of the machine vote is completed, probably tomorrow, The paper ballots cast for the office of Treasurer and for the 21 other offices contested by the Democrats will be’ recounted simultaneously. ; Names Commissioner . Judge Cox appointed: John L. Niblack, Republican; former Judge Frank P. Baker and Jeremiah Gates, Democrats, as recount commissioners for the 21 suits. Mr. Niblack, an attorney, replaced Walter Pritchard, who is serving in the Treasurer's race recount. Mr. Pritchard will continue, working side by side with Mr. ‘Niblack, until the Treasurer's recount is concluded. Judge Cox urged both sides to consolidate the’ recounts so that salaries of the commissioners could be held at a minimum. Neither group would agree. “For the fortieth silo; gentlemen,” Judge Cox said, “I am re-

‘|minding you that. if the suits are

separate the costs of the recount may be a staggering amount.” If the recount took 15 days, the cost ‘for recount ners’ salaries might be several thousand dollars, he said. The question ‘of who will pay for the recount. costs was about the only thing that did not arise yesterday, but Judge Cox indicated he will order the losers to pay. Royse Given Hearing A preliminary hearing was also held on Wilbur Royse’s petition to examine absentee ballot applications, affidavits of voters applying for absentee ballots and the poll books. The matter was delayed until the offices are contested, which will be after the recounts. Judge Cox said he saw no reason why the petition should not be granted. It. will involve examination of material Felevans to about 2500 absentee bal ots. The recount hearings started Tuesday. avalanche of petitions, motions and demurrers, but waved most of them aside. “All that I am interested in is a recount that will show the actual vote count,” he said. “I don’t care

how we get to it, ust so finall get there. » J We ¥

Treasurer Recount May End Tomorrow

The recount of machine recorded votes in the county treasurer’s race is expected to be completed tomorrow night, recount commissioners reported today. At noon today, a total of 304 woting, machines had been rechecked, with 62 machines to go.

vote lost. by Walter ©. Boetcher, Democrat, shown by the canvassing board count as having won re-elec-tion by a margin of 195 votes. Paul E. Tegarden, Republican,” the defeated candidate is contesting the canvassing board totals, ‘When recount commissioners complete the check of ‘machines, a recount of several hundred paper balolts will be started. At the request of Circuit Court Judge Earl R. Cox the votes in other contested county races will be recounted on the paper ballots at the same time the treasurer's votes are re-checked.

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Judge Cox heard an|,

The recount score remained at one |

[GRID DRINKING

CHARGE DENIED

Elliott Says That He Saw No Drunkenness Saturday, Cites Purdue Ban.

The question of the amount of drunkenness at last Saturday’s Indiana-Purdue football game seemed destined today for “the unanswered. file.”

er in a speech before a school group here gesterday asserted that drunkenness at the game was so preval-

tent “that I was almost ashamed to

have taken my son to see it.” President Edward C. Elliott of Purdue, a spectator. at the game, countered that he had seen no evi-

cut that there is a standing rule prohibiting drinking at Ross-Ade Stadium and said no cages of drinking had been reported to him this fall. President Herman B Wells of Indiana University did not see the game and other I. U. officials were silent on the issu®. Mr. Schricker in a statement later pointed out that he was not attacking Purdue or Indiana University, but merely citing an unfavorable condition.

ROBERT H. GIBSON ~ EX-MACHINIST, DIES

Funeral services for Robert Henry Gibson, who died Tuesday at his home, 1305 Edgemont Ave., were to be held at 2:30 p. m. today in the Harry W. Moore Peace Chapel. Burial was to be in Crown Hill. Mr. Gibson, who was 76, was a native of Mercer County, Kentucky, and had lived in Indianapolis 50 years. He was a retired machinist. Survivors are his wife; one daughter, Mrs. James Mangan; a brother, James Gibson, and two granddaugh-

Governor-elect Henry F. Schrick-|" ; ME ing the Black Sea, while Germany |

dence of drunkenness. He pointed|the

‘War Moves Today

By J. W. T. MASON ny

United Press War Expert

Threats of anarchy in Rumania, following has. sacré of political opponents by insurgent

Guards, must give because of possible jeopardy to Rumanian

food supplies. Bucharest, can

serious - concern to

Unless the central government at establish better authority over the|

country, (Germany must consider seizing active miliay control, producing a situation disquieting to

Anglo-Russian ein AI were resumed in London today, and it

is reasonable to assume that the British: Government will not miss the

opportunity to touch upon the disorders in Rumania in some form.

‘Stalin cannot avoid regarding dis-

trustfully any heavy establishment of German military power border-

cannot. permit unrest to get out of hand in Rumania. The situation produced by the anarchic action of the Iron Guards thus contains germs’ of RussoGerman discord in addition to Russia's restlessness over terms of iple Alliance. One more com=plication now has appeared in the Balkans -_to give anxiety to the Axis, It is unfo that his diplomatic offensive to expand his new order in Europe must face wholesale political ,assassination |in a vassal nation as its first problem. Disorder instead of order has ‘been bred and under such conditions that the Fuehrer can scarcely take immediate peremptory action. It ‘would not be geod policy for him |to become openly enraged at the Iron Guards or to pile troops overnight into Rumania. Rather, the [situation . would seem to require much delicacy in its handling, while: yet insistence upon; strong assertion of authority by General Antonescu. However, any serious error of Jndgment by General Antonescu at is | time might produce a chaotic db which Germany desires to avoid above all else. The Antonescu government has been weak from the

start, unable to exercise real con-

trol over the Iron Guards who consider themselves rather like the ancient Roman legions as makers of erors. imania has been on the verge lomestic strife ever since Ger-

ate for. Herr Hitler pro is preparing to give

many forced cession of Dobruj a to Bulgaria and Transylvania to Hungary. The Iron Guards, although pro-Nazi concerning the form of government, have been agitating for return of the lost areas. They atk thus inn a confused posltion, admirers of German totalitarianism but. seeking to disavow Germany’s disruption of - ‘Rumanian territory. This contradiction adds to Herr Hitler's present ‘trouble in Seeking a solution of the Rumanian em. The most immediate difficulty facing the advice Berlin presumably ve General Atonescu concerns punishment of the assassins. If stringent measures are taken against them, the Iron Guard organization is likely to be affronted and may develop a dangerous mood. If the assassins are not penalized or only lightly punished, it seems probable that revepge may be organized by the followers of the murdered political leaders. A political vendetta in. Rumania thus could occur, spreading disorder through the land. Russia undoubtedly is watching all developments very closely. Stalin sees advantage to Russia in anything that weakens Rumania, but disadvantage if Germany seeks to re-establish order by military means. Should Rumania turn to anarchy, Russia would like to .have a hand in suppressing its spread, but could do so only if Germany co-operation. , That shrewd move by the Fuehrer, except

that he could not he sure the Rus-

sians would retire after: order had been restored.

ande

requested 3 might: be a

BRITISH ADMI Fo0D WIRRES

any | Renort Rationing | May Be Extended Because Nazis Cut Supply Lines.

(Continued from e One)

of the authoritative British Press Association reported that the Gove ernment was confident lof Weathers ing the ye peas without “dif« ficulty or hardship.” | However, he reported subsequently

‘ |that plans are being drafted for ex-

tension of rationing to new food

commodities, extension of present snmall-scale communal feeding plans by establishment of canteens in factories, schools and veslduranie, One step was taken today toward marshaling merchant shipping for most effective possible use. The Shipping Ministry announced that Britain's new ally, Greece, had empowered a Greek shipping commite tee ‘in London to requisition and take control of all Greek tonnage

ranean and all Greek ships of more than 4000 tons in the eastern! Medi~ terranean. “This puts Greek tonnage on ‘much the same basis as the tonnage of other nations, such as | Norway, Holland, and . Belgium which has been put uhder British: control Actually, however, it does not bring much accretion to British cargo space since the bulk of these vessels —as-was the case with many of the other ' Allied ships—alreddy was under British charter or engagéd in British carrying trade. I ; Greenwood, speaking to Parliament yesterday, pointed to the. ; United States as the only fairly large-scale source of possible ship=ping to oe up British sea losses in addition to Brlisins own. ship . yards. The British yards, it was pointed out by Leslie Hore-Belisha, former War Minister, .are turning out ships at’ a rate far below that necessary to replace frrent losses.

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outside of the eastern Mediter-