Indianapolis Times, Indianapolis, Marion County, 7 November 1947 — Page 22
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- Fund, by outstanding American business and financial lead-
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PAGE 22 Friday, Noy. 7, 1947 ©
ROY W. HOWARD WALTER 'LECKRONE HENRY: W. MANZ President . Editor Business Manager
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The Economic Council Report |
VEN before the President's Council of Econdmic Advisers reported, the Krug committee three weeks ago
+ had concluded that the United States could extend consider-
able aid to Europe without threatening our national resources or our economic balance. This is now confirmed by the council. In view of these two reports, plus findings of our | government's interdepartmental group of experts, there is no reasonable doubt of America's capacity to help Europe
help itself.
Nor is there any longer any legitimate doubt. as to Europe's grave need for emergency relief and long-term rehabilitation aid. This has been attested by the adminis- | tration experts, by the conference of the Western European governments, by reports of the World- Bank and Monetary
ers, by the International Food and Agriculture Organiza- |
. tion, and almost unanimously by scores of congressmen re- |
turning from Europe. But several questions remain. One is the amount of aid. The President's Citizen's Committee under Secretary of Commerce Harriman will report on this soon and that, together with the interdepartmental study of the Paris conference requests, will influence the Truman recommendation to Congress,
» ~ . ~ ” » | SECOND remaining problem, perhaps the most delicate of all, concerns American control of the use which foreign governmients make of this aid. Experience has shown that unless the United States exercises some. method of checking actual expenditures against the avowed purposes for which the aid was extended, results are disappointing. Nevertheless we cannot step in and dictate. to sovereign nations on their internal affairs without destroying friendly relations and feeding the Communist propaganda that the Marshall Plan is a move for American domination abroad. . The third problem is how to extend American aid, which the experts Have found to be within American capac- | ity, with the minimum of strain on our nana resources and economic health, The United States should receive as part payment the maximum of foreign strategic materials possible for our short stockpiles. There is less agreement on the inflationary aspects of the relief program. The Council of Economie Advisers shows that except in the case of wheat our foreign exports so far have been a | minor factor in the inflationary situation, and that Marshall | Plan exports can help rather than hurt our economic adjust- | ment.
The proposed measures include: Allocation of scarce materials and check on their misuse, stronger export con- | trols, curbs on speculation in. short commodities, main-
tenance of present tax revenues, government economy, in-. dividual thrift, and checking credit expansion. Such meas- | ures can determine in part the strain which any given | amount of foreign aid will impose upon our economy,
~ » ¥ » » » HESE council suggestions deserve serious consideration, if for no other geason than that they take a middle ground between two extremes—hetween those who would let inflation take its course and those who want to go back to all the wartime controls. :
Presumably the President will recommend some such middle ground. If he does, the burden of proof will be on the Republicans to accept it unless they can propose something better,
Investigate Grain Trading
EW people ever plead to he investigated by Congress. So it's news that heads of the country’s three biggest grain exchanges--in Chicago, Minneapolis and Kansas City-~have acked for a congressional investigation of grain trading and of the government's grain-buying program. Their hope is to disprove President Truman's recent charge that gambling on the exchanges, not government purchasing of grain for export, was responsible for much of | the increase in food prices. And to prove that there has | been “bungling” and “lack of planning” in the government | program. ; ) Sen. Taft says he will recommend that his Joint Committee on the Economic Report hold hearings on the sub-
ject. That's good, and can serve a valuable purpose, if the
investigation is thorough and fair. If Congress is asked to curb speculation in grain and other commodities, which seems likely, it ought to be equipped with accurate information. Beyond that, the public is entitled to know whether, and if so to what extent, speculation causes high prices, or whether the exchanges are-—as their officials contend-—use- |
ful institutions which unjustly have been singled out as | “whipping boys.”
Quick; the Needles | WIFT & CO. announces that is willing to license, at a reasonable royalty, its patented method of “manufacturing” steaks by “tenderizing pieces of meat and Knitting | them togetlier,” . © "Swell! Now all we need is a license to use some method
of knitting a few pieces of meat.
"Wild geese calling but someBow 1 don’t care
| And work together before it gets top late
§ ~ In Tune With the Times
Donald D. Hoover
“AT AUTUMN TIME .
Pretty flowers turn their lovely faces Sere - To be kissed by the autumn sun. And the goldenrod sways playfully, As the breeze caresses it in fun! . And the morning glories are ravishing!. ~All dressed up in their purple clothes, To bring delight to the pretty girls, When they go riding with their beaux. Occasional leaves flutter gently by, Like eiderdown in the breeze. ? There are clusters of grapes, lush and low Ja ‘Por happy boys and girls to seize. 7 vf Dewdrops glisten on fragrant clover And fodder huddles in the shock And under the sober autumn skies Are pumpkins for delicious pies! ~MILDRED CATHLEEN YOUNG. * © o
HUNTING SEASON-—CLOSED Wild geese calling but her gun still stands Where she last stood it with her own small hands, Never been touched since she went away, Went t®new hunting grounds on a Fall day,
Once we would thrill at a wild goose call And we'd laugh in the chill of the wint'ry Fall, It would stir our blood and we'd each take our gun And roam the frosty woodland-—together, t'was i fun! :
Wild geese calling and I stand and stare At her gun in its corner there; Empty and lonely as the geese in the sky; Empty as my heart since I saw her die,
To take my gun and leave hers lonely there. = ~ VIRGINIA LEE. * © A barber college in Minnesota has a’ football team. And, no doubt, a shear leader, ® ¢ 9
ON THE ROAD TO GROWING GRAY
On the trolley car at sundown, Gazing homeward wistfully, - There are passengers a-sitting— This does not refer to me. Por I'm rather out-maneuvered By the less Post-conscious crowd (I'am sure if Emmy ran things, Bhoving wouldn't be allowed.)
Oh the trolley car's a carrier, And I'm glad when it is seen; But quite frequently I think of What it's like to be & queen, Who rides round in equipages Where she always can sit down Is there any place that's left now Where they'd let me wear a crown? —~MYRA AHLER. o> : Breakfast starts the day off right—when you come right downm to it.
* 5 @ INFLATION
Inflation 1s a treacherous thing, when it ~ gets going. It lures the people into thinking prosperity is | growing, ! If we let prices run away Woe be to us some future day. The greed of some will ruin another, Let's not forget the less fortunate brother Whose buying power is small indeed; He can't compete with grasp and greed. We should rise above these strikes and strife That is threatening to wreck our way of life,
once
Striving to keep our Country great. ~—~NONA J. MORFORD. LB We'll bet that back in the prehistoric days women wouldn't even tell their stone age, * SS
GYPSY TRAIL
I'd love to follow a Gypsy Trail In the Fall of the year, ’ Skipping along: a painted road, : Arm In arm with you, my dear; Arm in arm--hair to the winds, To run with the leaves or loiter Along an eifin haunted creek, With leafy sampons on the water. Through pavonine or golden woods, To watch the squirrels at play— A camp fire with bacon and java, As night succeeds to day. A mandolin!—a dreamy waltz, Songs and echoes of laughter— Kisses ‘neath a jocund moon; A cozy cot nd sweet dreams after “=H. LA TELLE GREGORY.
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OUR TOWN . . . By Anton Scherrer Grape Arbor Intellectuals :
I DOUBT whether adequate analysis has yet been made of the old-fashioned grape arbor and the part it played in the backyard of my boyhood some 60 years ago. The grape arbor’s location, with respect to the house, was pretty well fixed, I remember. As a rule, it started somewhere around the kitchen door {yom ‘whence, in the most direct y, it traveled toward the alley\in the rear. Sometires it terminated in the chicken yard or at the door opening into the barn. More often than not, however, it led to places of an even more private nature. And some~ times, indeed, it didn’t lead anywhere which, now that I come to think of it, was® as good a way as any; for, like some other things of my generation, the grape arbor was an institution sufficient unto itself, Contrary to modern belief, the old-fashioned grape arbor was not a seasonal affair. To be sure, it was superb in the summer when the bloom was on the grape, but it was pretty nice, too, in the winter when
. it traced the pattern of its trellis on the snow.
Super for Smoking FOR BOME reason, though, ‘we boys liked the grape arbor best in the fall when the leaves began to wither, This was the time of year we hatched our most successful plots and tried our durndest to keep our parents from learning that we had acquired the trick of smoking cigarets made of dry Catauba leaves. : A well-appointed grape arbor was always provided with a red brick walk and a couple of benches, too. Judged by modern upholstered standards, the benches weren't anything to brag about. . For some reason, however, they lent themselves better to the reading of “Treasure Island” than anything yet thought up by modern man. “Treasure Island” is dragged into todays piece, for two historical reasons: ONE: Because of the fact that Mr. Stevenson's story was typical of the big books read by us kids in the shade of the grape arbor and,
Is European Plan Recovery, Relief or Rathole?
TWO: Because of my recollection that books of such magnitude were neglected by us kids until after parental authority declared a ban on dime novels, Indeed, when ali 1s sald and done, it was the grape arbor that made it possible for us to accept better books without lamenting the loss of dime novels. Which, of course, raises the delicate question why us kids ever read dime novels in the first place. The best answer to that riddle was handed down by Irvin 8. Cobb some 25 years ago. On that occasion—and at the risk of losing his reputation for Journalistic’ objectivity—Mr. Cobb declared that the basic reason for reading dime novels lay in the fact that the school kids of that period were fed on a pap which affrontéd their intelligence, In support of which Mr. Cobb cited all the preposterous asses and impossible idiots of liter that had found their way into school readers of that period. For* example, the boy who stood on the burning deck serving no good purpose so far as anybody could see except, maybe, to keep his feet warm in a climate (Egypt) which was never known to
, have snow. .
Suckers for Literature
OR THE story of the Spartan youth, possibly the prize imbecile of the <ot, who having stolen a fox and tucked it away in his pants, calmly let the animal gnaw his vitals without doing anything about it. ; It was this sort of thing, opined Mr. Cobb, that led kids of his generation to stage a revolution and turn to dime novels. which, at least, knew hoy to handle heroic situations in a sane and -believable way. Indeed, Mr. Cobb made the point that had Mr: Longfellow labeled his poem with some regard for the verities of life its title would have been “Bonehead” ‘and not “Excelsior” as noted in the school readers. . To all of which I subscribe most heartily, for I still remember with what relish I devoured “Treasure J5land.” To my utter amazement, it proved to be the perfect dime novel written by a man possessed of gifts even more precious than those of Old Cap Collier and Nick Carter, two sane and realistic authors of the dime novel period. »
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Cannon fo the Right—Cannon to the Left | ===" Cees | Hoosier Forum:
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will defend to the death your right to say I State : — v 0. H. Gres . : -of the pension Helping oO verseas > his home in Pls By. Roush, 2930 Harlan St. : Prominent - For several weeks I have read every letter in was executive the papers concerning relief for overseas and I've 1926 until 1933, talked to many people on this subject so that I principle of * Bs . sincerely believe that what I am about to say : and superinten express the opinion of a great number of Amer. Carlisle and U ican citizens. oe : of the | We, as a hation, are extremely soft-hearted Secretary 18 yea. easy going, philanthropic and compassionate but - | He was past we can also be a tough, hard and unrelenting ! “Lodges in ‘She people when we feel our fight is right as many ! pity and Wine! nations have found out in the past. of the Centra Only the heart of a sadist. would not be touched and a member at sight of the war scarred faces and bodies of and the Indian
. hungry children; the aged, gaunt, disillusioned, He was a grad pain racked, starving and homeless. I know thers lege and a me isn't an American who wouldn't give everything Psi Fraternity. they could to help those deserving aid. ; /
On the other hand, these letters I've read and oo Jame io the talks I have had indicate that the average | ago, citizen is getting tired of being a push-over, We're Pineral servi getting a belly full of greedy grasping, both from Mo 5
ow Uw pai ; is and ory ot Church in char
nents whose only purpose is to put 90 cents of vic aa every dollar collected into their own pockets and " from the same kind of politicians, financiers ana i Survivors are organizers of foreign countries who grab the ship- Wilkinson Greil ments of food, machinery and our dollars and H. Greist, Indi speculate with them for their own enrichment Mrs. Alta Fine while the children still starve and the aged freeze. MS. Hdith Ei I can't get it through my thick head why we Cal, an
Jare giving the food to save them from starvation Greist, Tom Gi
and must also give them money to buy it with, all of Indianay Buy it from whom? Does the money go over and Mrs Ida right back again into the treasury and ultimately . back to the taxpayers or does it go into someone’s Funéral ser
pocket; with the taxpayer again the goat? We know what happened to the billions dollars we poured into China. There has
Pearl Steinmei day in her hoi will be held al Flanner & [ Burial will be Cemetery. ‘ The Re", Chi Castleton Met officiate. Mrs. Steinme a native of L lived ‘here 70 Bh a hr
1 agree with the many people who quote the J Bible in saying “We are our brother's keeper” and that we should follow Christ's example fm helping our fellow man in every way possible, } but there are also other instructions. in the Bible, 3 “God helps him who helps himself,” the story of 4 the talents and many more. Very few of us are | able to go through life without needing a ft up at sometime or other but a helping hand if held too long can become 4 crutch, It seems to me the gross mishandling of -the \[axpayer’s..money can be applied not only to our foreign polity but to each city and state in our country. Wonder what a really thorough checke up of our city or state’s expenditures would disclose? Other cities and states that have tried the citizens investigation committee idea gre now tax {ree and prosperous. What if a committee of bargain hunting housewives shopped for the best yet cheapest contract to repave streets. or erect buildings instead of which contractor will come through with the largest kick-back? We are gaining a great reputation as pro. crastinators as well as suckers, so how about it— let's do something instead of just griping? Why don’t all of you write in your best ideas for over coming these pet peeves.and then select the most effective ones and put them into operation? Now! “ % » Cruelty to Dogs By Puzzled Citizen, City When my husband and I were walking on Riverview Drive Sunday afternoon, we were startled to see a little black puppy hanging on a flower urn in fhe front yard of ome of the } residences, Upon investigation, we found that the i little thing was staked in the yard on a short leash J and his collar had apparently caught on the urn, | We released him from the urn and wajted untfl | he revived, as there seemed to be no one at home, We were so chagrined to see the pitiful condition of this little dog—he was weak in his legs, his eyes were sore, the hair was off in large spotg and his
{ stomach was bloated from improper feeding, or lack
of feeding. There was no water there for him and very little chance of him moving around. His condition weighed on our minds so much that we returned later in the evening. but found that the owners had not. as yet returned home and the little dog was still in the same place without food or water. I haven't been able to get this off my. mind, but hesitate to contact these people, for anyone who would so cruelly neglect a little dog would be difficult to deal with and because I am under the doctor's care could not physically stand a contro versy. Am wondering for my own peace of mind if there is a law protecting these defenseless . creatures. - Children are taken from homes when they are abused or neglected—~why not animals?
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P. S~—The picture you ran in your paper of the little dog found in the ash can prompted me te write you as your paper in doing so shows & humane interest in such matters.
| Congress convenes Nov. 17.
WASHINGTON, Ngv. 7--Warnings pile up that the ERP, or Buropean Recovery Plan, is headed for a rough reception when Sen. Taft's critical comments are just an advance sample, : Much of the opposition will be based on what are now considered to be the completely unreasonable expectations of the 16 European countries. Their demands are presented to American officials in terms like these: * : The U. 8. has three courses of action it can follow in helping Western Europe get back on its feet, : First, the U. 8. ¢an support Europe with a four-year plan for full recovery. By 1952, the U. 8, will then have a working European economy with. which it ean do business. Both Europe and America
Side Glances—By' Galbraith
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stand to profit from this trade recovery. Second, the U. 8. can cut back on this program and deal with war-torn Europe on a relief basis only, That would mean furnishing merely the food and fuel necessary to\keep Europeans alive. Their economic salvation would be up to them, ‘The inference hefe is that it would take much longer than four years for Europe to recover. The third choice is for the U. 8. to do nothing, taking the position that this country cannot afford to aid in Buropean "recovery without Jeopardizing the American economy. In that case, Europe goed down the rathole, :
Fear Governments Might Collapse
EXACTLY WHAT WILL HAPPEN if Burop is allowed to indulge
[ In “Operation Rathole,” is not specified. “It is left to the imagina-
tion, which always magnifies horrible details. The European experts" may not know the answer themselves, in the same sense that they don't how accurate are their estimates of need in the Paris Report on Economic. Co-operation. They're just guessing. . But their fear is that many European governments could not surTheir only chance would be to reduce their standard of living to 1200 calories a day and hang on by the skin of their intestines, In this situation they feel they would be easy pickings for the Communists, In their under-nourished condition, the Western Furopeans envision the Soviet government moving in with enough food to stave ofl starvation, even if the necessary relief supplies would have to be taken away from the Russian people. } Having reduced the situation to this extremity, the European experts go back to what it will take to bring about full recovery, Aside from the two principal relief requirements of wheat and
Senators Leave for Home
LONDON, Nov. 7-—~Today the United States Senate Appropriations Committee's traveling delegation, weary but: undaunted, concluded sn intensive 48-hour round of appointments here with top British officials’
special Congressional session on the Marshall Ald Plan, the need for which they have been studying in their three-weeks’ tour of Europe
and the Eastern Mediterranean, ’
- Committee Chairman H. Styles Bridges (R. N. H), C. Wayland Brooks (R. Ill), Levereft R. Saltonstall (R. Mass) and Richard B, Russell (D, Ga.) were guests at a dinner given by } Secretary
| Bevin. The rest of the party was entertained at other functions.
One day's schedule follows: ’ os . 9:00 A. M.—Briefing by U. 8. Ambassador Lewis Douglas at the American embassy. 10:30 A. M—Conference with Bevin at the foreign office. 11:30 'A. M.—Conference with ~ Minister ‘of Agricul Williams, : ? Lunch—At the House of Commons
as guests of the British’ 2:30 P, M.~Conference ‘with Sir Stafford Cripes, minister of economic affairs, : et oo Ls ad P. M—Part of the commities soulsrred Mith Jphiy Sizachey, minister of fopd. Brooks and Bridges spent this time" with
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coal, emphasis is put on three items—steel, shipping, and the purchase of supplies from other countries, principally Latin America. The Europeans want the U. 8. to finance all three. The U. 8. hasn't any too much steel for its own needs today, bus the Europeans want the U. B. to restrict its: own consumption, and its normal exports to other parts of the world, in order to make up Europe's deficit need of nearly three million tons a year for the next four years. \ Some of this steel would go to European shipyards to build up their merchant marine, All BEuropfan trading nations want to get back their world shipping business. They figure it will take four years to rebuild their fleets. In the meantime they want the U. 8, to haul some 70 million tons of their relief supplies and pay the $1.7 billion freight bill.
Costto U. S. : THE FACT °K THE U. 8. now has some 1200 surplus Liberty and Victory ships, which it would gladly sell cheap, is ignored. Euro
péans don't want them. They wint new ships of° their own building to compete with the American merchant marine. - And they want the U. B. to furnish much of the steel to help bufld up that competition, That, however, is peanuts when compared with the “aid from the rest of the American continents” which it is expected the U. 8. will pay for. The U, S. share of the four-year ERP is now put at $204 billion, scaling down from $6 billion in 1948 to $4.3 billion in 1951, Ald from the rest of the American continent totals $14.8 billion for the four years, TMs is the bale of straw that will probably break the elephant’s and the donkey's backs when the ERP gets before Congress.
By William McGaffin
coal miners, Brooks “wanted to know what they are saying sboud
coal.” 6:00 P. M.—~The Senators were guests of Ambassador Douglas af reception in their honor at the official embassy residence.
normally an economic business to grow in Britain. : : Britain 1s a stock-raising country and normally it is more profitable to concentrate on raising sheep and cattle. than wheat which ordinarily costs less to import than to-grow at home. Sony When the full implication of Britdin's-xdverse, exchange position ls reflized last August, the minister of agriculture appealed to farmers to gfow an extra half-million acres of wheat. Even # ®t tion it will be economically practical since #
such large Amounts of wheat
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By Peter Edson |
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. At the conference with the minister of agriculture, Brooks asked There's a ne why Britain is not planting more acreage to wheat. “I have heard that there are 900,000 or 1,000,000 less acres planted in wheat now than In this new ! there were during the war. Since wheat is the No. 1 item needed in " this country, I would ike to know why this is so,” Brooks says. . the wearer 4 Spokesmen at the ministry of agricultfre answgred that question by Bying that it is true Britain has only 2,162000 acres of wheat this this another , Year compared to 3220000 acres in 1944 at the peak of the war, ‘wines Shaes Reason for the reduction at the end of the war is that it 18 not
