Indianapolis Times, Indianapolis, Marion County, 22 May 1946 — Page 7

\Y' 22,,1946. —genial, pleasant, | academic, down es. Mr, Johnson ssar, Syracuse and 1 a lot of experints and faculties, nerous and liberal

ins two chapters, Emotions,” a mas~ use of terms and and “Education by

r almost word-for=

statement of the ees alone do not d man or woman.

” " think Mr. Johnson t the beginning of all there is, aside y obtuse argument tion (I've heard , is a restatement hesis that business

pon education. no further, Thor= k in 1918 set forth in brillant, satirie I'he Higher LearnA Memorandum on

f Universities by j —H, B, |

for o! hard

~No =

s of dictatorship is doubtful. That's

"in Europe is to let the state-do it.

FE py; wl

WEDNESDAY, MAY 2,

BUSINESS— _

FREE ENTERPRISE LOSING IN EUROPE

Writer Reports ‘Stateism’ Ex

Tendency to ‘Let the State Do It.’

By EDWARD T. LEECH, Editor, The Pittsburgh Press PITTSBURGH, May 22.—Private enterprise is fighting a losing battle

in Europe.

Some form of “stateism” is growing or already exists in most of the countries. On the continent this is partly due to the destruction of war—the defeated countries can see no way to repair the damage by individual initiative. In England, where the physical destruction was

1946

4 ?®

ists Because Nations Have

far less, the trend toward “stateism” is equally keen. There the cause is a contest within the labor party which is forcifig the Clement Attlee government farther left. An inescapable conclusion from my recent trip to Europe was that what we call “the free enterprise system” or “capitalism” is in a bad way there. j In Europe the state still is threatening to become supreme—just as if Hitler had won. Whether it can do so without some new epidemic

the big question which the next decade will see answered.

" » » THE WHOLE present tendency

There is one other tendency equally strong—to get Uncle Sam to help the state do it. Europe wants American help— loans and credits and gifts, food and materials and machinery. And there isn’t any particular gratitude for what we've already done or are doing. Rather there is resentment because we haven't done more and done it faster. There are three zones in which this move toward the absolute state is evident. First, and easiest to explain, is the vast territory over which Russia now exercises domination. There, like it or not, the communist dictatorship is being imposed. And a vast Russian army, not demobilized

and still heavily supplied with|

weapons beyond the requirements of occupation duties, threatens its further spread.

r » » THE SECOND zone in which

some form of state domination seems certain is the territory over which our armies fought—chiefly Germany, Austria and Italy. Here the chief cause is the devastation of cities and factories and railroads |

and bridges to such an extent that |

it seemingly can be cleaned up and repaired ‘only by government. There isn’t any individual wealth or power left in a country like Germany. Everybody will have to start over—and nobody can start until the rubble is cleared away. There is no central government now—just four military zones. There is no national wealth or foreign credits. The banks are actually broke, although they now function in all zones except the Russian. But: their assets are gone. have ‘only the debts of a government that was wiped out and of industries that were destroyed.

- " . EVENTUALLY after the military relaxes control, some kind of state will have to take over the clean-up job—and since the clean-up involves everything the state will apparently control everything. In England extremists of the labor party are pushing for more radical and general socialistic control. Britain would seem to have

enough troubles without immedi- |

ately plunging into a series of ideological experiments—but, nevertheless, the left-wingers are not content to wait for a better day. They aré pushing Mr. Attlee violently, and he’ is yielding.

HOG MARKET

Cattle Receipts Here Small,

They |

BRISK, STEADY

Prices Unchanged.

Brisk action in the hog market | at the Indianapolis stockyards continued = today, steady. Receipts were 8800.

prices remaining Receipt for 726 cattle afforded small test of the market, but the number received went at unchanged fast action. Calves and sheep, with

small receipts, also were unchanged. Calves received numbered 425, and sheep 125.

GOOD TO CHOICE HOGS (8800)

120- 140 [email protected] 140- 160 [email protected] - 300 14.85 300- 330 . 14.86 330- 360 14.60014.85 Medium — 160- 220 pounds .......cv00n [email protected] Good to 270- 300 pounds ....ecneencs 14.10 Sa. 400 pounds ...eccenssen 14.10 400- 450 14.10 Medium— 250- 550 pounds ...........s [email protected] Slaughter Pigs Medium to Good— 90- 120 pounds ............ [email protected]

CATTLE (725)

700- 900 n 16.50@ 17.75 900-1100 pounds ... Le. [email protected] 1100-1300, pounds ..: «es [email protected] 1300-1500 pounds .. . [email protected] 700- 907 pounds 15.509 16,50 900-1100 pounds .. . [email protected] 1100-1300 pounds is Tigers 1300-1500 pounds [email protected] M700-1100 pound [email protected] - unds ...oe00 eeene 13. 18. 1100-1300 Pounds cresernnnses HRS Common— 700-1100 pounds .......ceees [email protected] Heifers _6800- 800 pounds. .......es00s [email protected] 800-1000 POUNAS .u.vvvsnvnes [email protected] Good— 600- 800 pounds ....coecesae [email protected] 800-1000 pounds ......ieevss [email protected] 500- 900 pounds ......eec0e 13.00915.25 Common— 500- 900 pounds ...c.oensess [email protected] Medium— 2 Cows (all weights) BOO... i casraiasinnide 13.25014.50 Medium ...........cniavanies nung» Cutter and common ........ [email protected] CRARBEE ..::.siot.snsnivnnvsanss [email protected] Bulls (all weights) Beef— Good (all weights) ........ [email protected] Sausage— GOO uri... a innunnaveres [email protected] Medium .......:cises00000n [email protected] Cutter and common ........ 9.009011.00 CALVES (425) Good and choice PA [email protected] | Common and medium [email protected] Culls [email protected]

Feeders and Stocker Cattle and Calves Steers Choice—

500- 800 pounds ......seeess [email protected] 800-1050 pounds ..... sesense [email protected] Good— 500- 800 POUNAS ...vsevsssss [email protected] 800-1080 pounds ....eeseeves 14.30916.00 Medium— 1000 Join PUA [email protected] Choice and closely sorted 15.75 SHEEP (125) Ewes (Shorm) Good and choice ..............» 7.0028.00 Common and medium .........- [email protected] Lambs (Shorm) | Choice and closely sorted .¥. 14.00 Good and choice ............. 14,[email protected] | Medium and good ........... 13.009 14.00 COMMON ...c..vvvcnranasnn [email protected]

LOCAL ISSUES

Nominal quotations furnished by Indianapolis securities dealers:

As an example, when I was In STOCKS Bid. Asked. London the papers were reporting |Agents Fin Corp Corp com 7 238 per 9 20 parliamentary debates over whether Aguts Bin co'p pHa.. nN = a doctor would be permitted to|i7E sumtes 4,7 eo have any privtae practice under the|L 8 Ayres sha% pd... 108% i new socialistic health proposals.|Be R x Yas com. : Bw The trend seemed to be to let him |Belt R St s pid... . ee obbs-Merrill 4 fd, ee. N BH have a little, but to put most|Bobbs-Marril. som ...-.....c. 13 Li medicine under state control. Sentral BOYS oma’ 3 a . Comwith Loan 4% pid 103% 105% uy Cons Fin Corp pfd...... Ma. THE ATTLEE government's pro- Deita_Hlectric GOR ..srvvee:s 18 19% . gram of socialism, as it stands to-|pi wayne & Jackson RR pf..103% 106% day, seems to aim at nationalization |Herfli-Jones ci A pid... = be of the following: Inq Asso rel Co a pid jg 20 Gig" Finance, through control of the ind & Fe E com” " 11 38: Bank of England. “Indpis Water Class A com... 21 2215 Gas and Electricity, already part- Indpls Raliways IN 2. es ly publicly owned. Kinga 4 Soom III A Coa i & Co eae 1 mining. Loan C5 5% pide 100 2

Main transportation — apparently

not bus lines and taxis. Mastic Asphalt Communications — such as tele-| N*ind Bub Serv 5%

phone and telegraph, now partly f

publicly owned. The government already runs radio, Textiles—at least to a degree.

Medicine, as previously explained. |y, *United Tel Co 5% ..

“Land use” which is a rather mystifying plan not for nationalization of land, but to give a considerable

Lincoln Nat Life com 4

railroads and public utilities, but 1 R Mallory

Stokely-Van Camp pfd ...... nts 22 Stokely-Van Camp COM savnse 31% 38% Terre Haute Malleable 8 8% 8. Machine com . 3% %

Union American Loan 4%s 56

American Loan 4%s 60

Title com

Bonds

degree of government dictation over| Buber Fertiliser fs 84 - used C c 4s 6 vor how it should be * Citizens Ind Te as 61 “ee 8 = = . Solumsty Clb Pl 5s Nn . onso. Haaren eas “es I TALKED to some governmen Hoosier Crown 5s 56 ......... 99 me leaders about this latter point.|Indpls P & L 3%s 70 ...... 107 : They're as confused over what con-|indpls Relivay Co $a 87 .... 03 9 stitutes “basic steel” as Mr. Tru-|Indpls Water Co 3%s 68 ....104 106 man was when he settled the steel| Kuhner Packing C5 48 J4 --- 106% 108% strike with U. 8. Steel, but found|Pub Serv of Ind 3las 76 ....107% 108% that it wasn't settled with hundreds Tio, “Term Corp el vee of medium and small companies. H J Williams Ino Bs 85 ....08 Britain wants to take over the big|__Ex-dividene. companies and let the small ones U. S. STATEMENT

remain privately owned, and hasn't

found how to unscramble the industry. .

0: LOCAL PRODUCE 4 s Year Last Year RP i SL Sa 8 Ea War spendin y y E PRICES FOR PLANT DELIVERY Receipts eng 37,205.028 a4 39474 723 128 Poultry: Hens, 4% ths. and over, 24¢;| Net deficit ,286,1 47,617,654 under, Joe: springs, 4% Ibs. and over,| Cash balance. 19,006,307,623 . 9,810,624,79 23c; under, 20c; ghorns, 18¢; Leghorn Public debt. . 272,996,307 476 237768,508, hens, 10c; 1948 springs, 30c; 1046 broll- Gold reserve.. 30,245,341,344 20,330,682,102 ers, 300; roosters, 16c; ducks, 1Bc; geese, ’ m———

20c; capons, 6 lbs. and over, 30¢; under,

22c. Eggs: Current receipts, 54 Iba. to case, | Clearings $ 5,553,000 29¢c; graded A large, J4c; A medium, pebits | 19,167,000 300; no grade, 27c: ne Butterfat: ble. TRUCK WHEAT on Life Insurance

Indianapolis floor mills and grain eleushe) for

n| 1.88 r ia . hr ade on their N or No. red 0. 3| o 3

ernment expenses and receipts for the

pared with a year

WASHINGTON, May 23 (U. P,) —Govcurrent fiscal year through May 30 com-

INDIANAPOLIS CLEARING HOUSE-

Policies « LOW COST

|eran” ‘at the 73d annual meeting +++ of the National Conference of Social

| Veterans Administration, described -|what he termed an “unprecedented

.|than 6000 social workers.

| the G. I. bill have skyrocketed to ‘| nearly 2,000,000 in- recent: months,” 4! the general said in predicting that , |veteran students would comprise

| ment in men’s colleges and 30-50 per

2 we recognized all veterans are apt . | to suffer costly dislocations as a re-

‘| ment of the servicemen’s readjust- . ment act, could we be said to have

ities of war,” he said.

i educational institutions,

New Vac

lage, N. C., on a non-profit basis.

Smoky Mountain Cottages to Be Kept on Non-Profit Basis

FONTANA VILLAGE, N. C, May 22—High in the mountains here, near the Great Smoky Mountains National park, are several hundred little white cottages. Once they housed construction workers building Fontana dam, part of the Tennessee valley authority reclamation project. Soon they will be vacation cottages for John Q. Citizen. President Truman has given approval necessary to lease the cot~

properties Services, Inc.

and Virginia.

ation Spot Opened

> oh

RINT

THE INDIANAPOLIS TIMES .

DOCK, MARITIME

Joint Tieup June 15 Prom-

coal miners and the railroad men decide this week to work, work, work, as advised by President Truman at Liberty, Mo., the sense of

Maritime strike. Even in the per-

John Q. Citizen can sit high over Little Tennessee river and enjoy its splendors, above, without worrying too much about the bill. Government Services, inc., will operate vacation cottages at Fontana Vil-

tages together with the boat dock on Fontana lake and other TVA here to Government

The service is a non-profit organization which heretofore has limited its activitfes to running cafeterias and recreational facilities in Washington, D. C., and nearby Maryland

Fontana Dam is the highest dam east of the Mississippi river, rising 480 feet above its base, and is the fourth largest dam of its type in

the world. The lake built by the dam is 30 miles long. Fontana Village lies on the south shore of the lake just below the dam, 1800 feet above sea level. F. W, Hoover, general manager of Government Services, Inc. plans to have vacation accommodations for tourists ready early this summer. The resort will take care of guests both on an overnight and weekly basis. There will be restaurants, shopping facilities, boating and fishing and horseback riding and hik-

47 SLE : Ye

WALKOUT NEXT

ises to Be a ‘Stinker.

‘ By EDWIN A. LAHEY Times Special Writer

WASHINGTON, May 22~—If the

relief will not be for long. On June 15 comes the C. I. O.

spective of three and a half weeks, the certainty and the probable effect of this strike seem so impressive that conventional terms are inadequate to describe it. It will, in short, be a stinker, The National Maritime union, largest of the six C. I. O. unions and one unaffiliated union that have set the strike date, has a table in its newspapers, the Pilot, which is headed “events leading up to the strike.” Alr of Certainty

This air of certainty permeates present discussion by the unions involved. The other unions are the International Longshoremen and | Warehousemen; the American Communications association, the Inland Boatmen, the Masters Mates and Pilots, the Marine Cooks and Stewards, and the Marine Firemen’s union. The firemen are unted.

sven unions recently set the and formed a commit a convention in

the NNM.U,, dent of the ds of ™ ne

ony

this

strike. bership of m® Sidetrack

Wage issues have subordinated in union that ship owners are out to away the union gains, and tha impending strike is as much fo self-preservation as for “pork chops.” The National Maritime union has had a demand pending with the American Merchant Marine institute for a 30 per cent wage increase and a number of changes in working rules. Negotiations have been bogged down for some time. The west coast longshoremen recently had their wage demands “decided” by a presidential factfinding panel. They had asked $1.50 per hour, and the panel recommended $1.37. The basic rate now is $1.15. Neither the employers nor | the union has indicated an acceptance of the award.

RAIL HEARING SET ON

ing in the Great Smoky mountains. Fontana is on the Little Tennessee river, 68 highway miles from Knoxville, Tenn., and 100 miles west of Asheville, N. C. It can be reached at present by U. S. Highway 129 and a new road to the dam from Deals Gap, on the Tennessee-North Carolina line. Eventually the highway will cross the dam and emend through the national park to Bryson City, N.C, where it will join U. 8. highway 19.

Back to Wor

ceiving college or on-the-job train-

Gen. Omar N. Bradley said today. Leading a discussion of “The Vet-

work, Gen. Bradley, head of the

undertaking in social

ment.”

week-long conference for

Applications Skyrocket “Applications for training under

76 per cent of the crowded enrollcent in co-education institutions.

“It wasn’t until world war II that

sult of war,” he said. “Many veterans suffer what might be called

BUFFALO, N. Y., May 22 (U'P).— Seventy-five per cent of the more | eran’s readjustment allowance of than 12,000,000 veterans returned | $20 W from world war II already are back| at work, and 700,000 others are re-

ing under the G. I. Bill of Rights,

75% of Returned Veterans

k, Says Bradley Gen. Bradley denied that the yet-

eekly ‘for 52 weeks was a asserting that it is an allowance to insure the veteran against the necessity of accepting the first job that came along—no matter what it might have been. Hé& insisted, too, that the plan had: not been abused, with the average pay-

| “dole,”

ment lasting only a total of seven weeks.

CUT IN NON-RESIDENT

BUILDING REPORTED

readjust

Gen. Bradley's speech highlighted the fourth day's program of the more

WASHINGTON, May 22 (U. P.). —The government is cutting down on the amount of non-residential construction that will be allowed under the veterans emergency hous-

ing program, administration officials reported today.

civilian production

The action reportedly was taken

after Housing Expediter Wilson W. Wyatt told CPA material ‘was being poured non-housing projects that home builders sometimes found their priorities - worthless.

that so much

into

CPA officials conceded that it

was “obvious” too much non-resi-dential construction had been authorized. CPA fleld officials have been ordered to screen future applications with a more critical eye.

LOCAL, ILLINOIS LINE

BLOOMFIELD, Ind, May 22 (U. P.)~What was expected to be a final hearing on passenger service problems of the IndianapolisEffingham, Ill, branch of the] Illinois Central railroad, was scheduled to open in Green Circuit court today. Judge Karl Parker Volsch was to preside at what he said probably would be the last of a long series of hearings on resumption of passenger service by the line, During the war, the office of defense transportation ordered the railroad to suspend passenger service on the Indianapolis-Effingham line. Following dissolution, of the ODT, the Illinois public service company ordered the passenger schedule resumed. Railroad officials maintained] operation of the line would be a| loss to the company. ‘ The road serves Sullivan, Dugger, Linton, Switz City, Bloomfield. Bloomington and intermediate points in Indiana.

STOCK FARM BETTER RISK, BANKERS TOLD

LAFAYETTE, Ind, May 22 (U. P.) —Well-managed livestock farms are proving more profitable than well-managed cash grain farms, according to Professor Ronald H., Bauman of Purdue university's school of agriculture, ; Mr. Bauman told the Mortgage Bankers association of America's farm mortgage seminar that this) factor should be fully recognized | by lenders on farm real estate in the future. “On the other hand,” he said, “experience indicates poorly-man-aged grain farms, indicating the farmer, if he isn't inelined to .be too industrious, can make a better thing of grain farming than he can with livestock.” "

3 DAYS SERVICE

in finding their way back “Not until 1944 with the enact-

acknowledged the social and vocational as well as the bodily disabil-

Community’s-Job He emphasized the community's | responsibility in finding room and housing. for the veteran, in asserting that “our program is predicated upon the ability of the American people to make it meaningful in the place where the veteran lives.” Of the 700,000 veterans already taking courses under the G, I. bill, he said 80 per cent are enrolled in with the others in training on-the-job.

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