Indianapolis Times, Indianapolis, Marion County, 2 January 1941 — Page 13

(A SCRIPPS-HOWARD NEWSPAPER)

ROY W. HOWARD RALPH BURKHOLDER President

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Rl [RILEY 581

. Give Light and the People Will Find Their Oun wey THURSDAY, JANUARY 2, 1941 °

Owned and published fgally ‘(except Sunday) by The Indianapolis Tim

Scripps-Howard Newspaper Alliance, NEA Service, and Audit Bureau of Circulation.

THE BAR MOVES IN.

THE appointment of a five-man committee by the Indianapolis Bar Association to, make “a full and complete” investigation of practices in the criminal bratelies of the Municipal Courts is a welcome move. It is an encouraging and healthy sign that the Bar Association is moving in to take this responsibility upon itself. The Bar has the power to correct many faults in legal practice. -We hope it can cure the weaknesses of our present Muysicipal Court system.

A HAND ON THE BRAKE

EAR the bottom of the depression Congress gave the President, the Treasury and the Federal Reserve System a number of powers to inflate currency and bank credit. Some of the powers were used, with results so disappointing that the others were left on the shelf. = The Federal Reserve System now proposes that these unused powers—the President’s authority to issue three billions in greenbacks and to devalue further the dollar's gold content, and the Treasury’s authority te monetize ad-

ditional foreign silver and issue silver certificites against

seignorage—be removed ‘rom the statute books). Other suggestions are that future gold acquisitions be sterilized, that steps be taken to prevent any further swelling of excess . bank reserves, and that the Government make 4 more serious effort to balance the budget through larger tax revenues ~ from the rising national income. We've never pretended to expertness on complex monetary problems. But to jour lay minds these proposils make sense. When Congress conferred the above-named powers

_ it was attempting ‘to deal with what was called a deflation. |

An opposite situation now confronts the country, with many _ industries running at capacity and prices starting ‘an upward spiral. ~The reserve system’s repori—which inciden tally is in- . dorsed not only by'the Board of Governors but by the presi“dents of the 12 Federal Reserve Banks and by the sys- ~ tem’s Federal Advisory Council—does not say or imply that there is imminent danger of inflation. But thé report does say, wisely we think, that it would be prudent ‘lo take measures, when necessary, to forestall the development of inflationary tendencies attribu table to defects in the machinery of credit control.” For, the report continues, “these tendencies, if unchecked, would produce a rise of prices, would retard the national effort for defense and greatly increase its cost.” A price boom, raising the cost of armaments, net only would burden the taxpayers, but also would reduce the living standards of American wage-earners. And when the big borrow-spend drunk had passed, the country would be left with another economic hangover. We are glad to see someone reaching for the brake.

DANCING IN THE STREET

As Big Ben counted 12 and the most fateful of years stole i in upon their blacked-out city, Londoners danced in the 2 street. : They did not seem to he impressed with Hitler's pronouncement that “1941 will bring consummation of the [ greatest victory in our history.” The inevitability of further blood and toil and tears failed to dismay theni. The defeats of the old year had been hard, but not so hard as Ta the backbone of this proud and stubborn people. Long ago—long in terms of" events if not of time— : Winston Churchill told them: “What is the sole method ‘open to us? It is to regain our old island ‘independence by acquiring that supremacy in the air which we were promised, that security in our air defenses which we were assured we had, and thus make ourselves an island once again.” : Churchill was on the outside then, a gloomy Gus, a “prophet not without honor save in his own country. a lugubrious has-been. It was a week after Munich when be spoke those particular words.

Today, behind the mobile ramparts of the R.A. F, _ England under Churchill is moving toward that goal of air supremacy. She has a long way to go. But the United

* enlisted in the race to make the R. A. F. supreme,

Hitler may be correct. But we hope’ those cipers in ‘the blackout will be fully justified as the year unfolds.

: - lw GWLADYS HWADYS IN STITCHES | READER, Miss Gwladys L. Williams, contribates the

following verse, which she modestly says is| by Shelley

”.

or someone DOLOROUS DITTY

If cents can make dollars, do dollars make sens? A question to puzzle the wiliest schola?! | But plain Mr. Creditor’s firm in defense | Of the sextuple-asterisked, silly-fool dollar.

We explained to the butcher that buttcns were oaish; Our reasons were sound, but the boob couldn't foller. The restaurant-keeper cried: “Cough =p that lash!” When we offered him sous for the iyo a ollar.

The dairyman turned out to be just as tight Not a bottle he'd part with—not even a swoller!— For drachmae, denarii, Turkish delight; | His palm must be crossed with the ilyool dollar.

We hoped that the landlord would see what we ‘meant; He merely got feverish under the collar, | When showered with roses and rubles for rent, He slung to the cult of the silly-fool dollar.

L’ENVOI nd it’s silly-fool dollars lo doughnuts, alas?

‘Nose Di

By Maj. Al Viliams i

That's What One Witting ‘Expert’ Took Juddjing by Laughs ‘Which Greeted Hecent Magazine Article

ENT cater Sle oir Si pliots Ioungleng #oumn one chap greeted me with gusto, waving a magaside (one of our big veeklies). He said, “Say, why hon To avian wes make iz2 a school for aviation

unin or qualify so

another: “A orld’s speed record was made by a Hurricane in Fbruary, 1938, from to Northolt at an averige speed of 408.75 miles hour.” That's a honey. Theres no suc woild speed record for such a course, and, further

had great disadvantage ia armor, but the pilot's head was left insufficiently protected and the tail was quite uns rmored.” Maybe we 1ave been missing something

sealer pilot's head. ‘Then he mentions th:t “The Hurricane and Spit-

. fire have no periscopes b;’ which they can see directly

behind them, so the Mess :rschmitt also derives a great advantage by firing into { he enemy’s tail.” How ridiculoiis! - Single-seater fighting from its inception is bas¢d on maneuvering un il you can get on an enemy's tail. because his guns ar: all pointing the other way and that’s always a sensi)le way to attack any enemy —or: land, sea, or in the air. . ss = ET this for misleading the public: “Our P-40 | (United States singl:-seater fighter) is . . . in the same class for speed and general performance.” (Meaning in the same cliss as the British Hurricane and Spitfire). Certainly 10 airman who knows what he is talking about woukl agree with that. We are luckir to keep our P-40’s in the air for any length of time, and they are far slovrer than the Spitfires. Then he switches to th effects on pilots turning at high speeds in modern fighters. “Older men ‘black out,’ that is, lose consciou:ness. . . .” Nonsense. The blaci:out is the temporary loss of vision. And when a pilot is blacked out during a tight turn at high speed or tiie pull-out at the bot'om of a dive, he can think just as clearly as when he is flying level. * The blackout is caused by centrifugal force driving the Hlood down and away from his optic nerves, and no oie pays much attenticn to it. Uncomfortable for the moment, but that’s all, and it has nothing whatsoever to do with conscioust ess. But when this author “suspects that the 240-m le-per-hour German Stuka can butrun . . . practiczlly any fighter machine in existence.” Well that’s were I quit, especially when Spitfires and Heinkel 112's and Messerschmitt-109's skip \along about 355 and 60 miles per hour.

Business By John T. Flynn

Still Puzzled by British Refusal To Use Billions of Assets in U. S.

IIW YORK, Jan. 2—I/p to this moment I have not been able to get from any financial authority bere, or from any pelitical authority, any explanztion of this singular fact—that Britain with five hillion dollars in credits here has notified the American Government she will place ro more orders in America beyond her present commitments. The nearest approach to an explanatiim I have been able to get is the following: Much of Britain’s property in this country is in the [orm of direct investments. And these direct investments are in industries’ upon which Britain is depeixdent because they are so import:nt to providing employment for her people. This explanation TI have dis- : covered in print in two or three inspited sources. But it is, of course, utterly without basis. England's purclasing power in this country consists of (1) gold and bank deposits; (2) investment in stocks and bends of American corpora(3» ouright owneiship of plants in which « are manufactured. . Of course the gold anc cash are not giving any empicyment to people in England. They are available ‘0 pay bills here, ani there is enough of this gold and cash in the Ulited States alone to pay Britain's bills here for ano her seven months. As for the socks and bonds, the:e are evidences of ownership in American industries, which are in America and which give employmmt to American workers. And some of them actually compete with the in-

gustiies ‘of Ruglang Mt vjuch British Wuliers are

emplcyed. 2 ar 2 EE direct investment; consist in a number of

‘manufacturing and some prises that operate here bit that are owned by Eng-

take up the job of financi: will and tus leave our war in justries flat.

So They Say—

TC ACT IN THE spirit of Christian mercy is a good ‘siness.—Anne Mor:ow Lindbergh.

MF. KNUDSEN bas «aed tdusey to do

The Hoosier Forum

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

URGES LIGHT CHANGE TO AID PEDESTRIANS’ By Mrs. Claude Martin Why can’t we change our stop and go lights in the center instead of caution to walk. Then the pedestrians would have a chance and not have to watch for cars to come around the corners. This is how East Chicago and Gary do their Corners.

(Times readers are invited "fo 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.)

-.8 = URGES BREAD INSTEAD OF BOMBS FOR EUROPE

By E. W. At this time of year, when our hearts and souls are filled with thoughts of peace on earth, it comes as a sign from above, a strong reminder to men that faith in-God is embedded deep down in the hearts of everyone. . The i of Europe, with all their strife and bitterness, openly admit and respect that they have one thing in common; they have ceased firing as a sign of their faith in the King of Kings. It is my humble beliéf that our great nation, reflecting upon the above example by the belligerents, can and will make the greatest contribution toward peace on earth and send bread instead of bombs to the suffering humankind of Europe, regardless of lace, Sted, color, re-| ligious or political belief = » »

VIEWS HELP TO BRITISH PROTECTION FOR U. S. By S. E. W. The last, war was to have brought a new era—an era of peace and international accord. This failed to materialize because we helped to strangle the League of Nitioms, the only agency which might have heen

France has already capitulated and

Since the close of the “war to end wars,” we have seen the most brazen |j international brigandage in the his- |i tory of the world. . . . England and France were the last citadels of freedom to be attacked;

Side Glances=By Galbraith

responsible” private organization before he can work on any job, public or private, is a denial of his constitutional rights. Westbrook Pegler’s expose of the various crooks who infest the labor

FINDS U. S. SWAYED BY INFERIORITY COMPLEX By M. C. HB.

Several hundred years from now the historian who chronicles the decline and fall of the British Em

amazing influence exerted by it on a former colony which, while nom-

inally independent, permitted the

empire to waste its resources, drain

- | its manpower and to a great extent

dictate its policies, both foreign and

I have said: Ye are gods; and |

all of you are children of the most high. But ye shall die like men and fall like one of the pripces— Psalms 82:6, 7.

You get it by lswpising enthusiasm fi

better example in peace—the

= A Woman's Viewpoint

- {undoubtedly will be interested in the

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genuity can devise—even to the | I eT Hct war and ill a few thousand Americans. ;

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is absurd. Men who travel the face of this cous know that there is no lack of appree dang [The youle have Seen fur ahead] HY

would do better to worry about Other observers claim that our trouble is j

fifth nd traitors.” "1 they nS en Thess Seta a hey apply these names to such neighbors as do nok hap ;

T= r inning Jocore. of thi mimenkl : veals absence of another necessary = leadership in this effort. There is not enough li it because it lacks some kind of spark plug, So spirationa| juice, some pull from above th men the ‘way and then carries perfectly tinited effort. You: don’t get that by

k

ership and

can institutions, was so universal eagerness for six weeks’ time. One has only to out spontaneity of the mobilization World War 1, with this torpid stagnation to what is lacking. Yes, that was in war time.

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But first glorious of Franklin Roosevelt. This country rose NE an am eller: as that demanded 1917 and 1918—or now. It can be done again. doesri't need war. It needs. the Pranklin of 1933.

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By Mrs. Walter Ferguson

NSWERS to the El Paso housewife whose le I quoted recently have piled up into heap it is impossible to give a hearing to all. ' of them contend that the Texas mother puts em=phasis on the wrong things. 3 A reader in Verona, Pa., says she manages fo slong on a budget of 100 3

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