Indianapolis Times, Indianapolis, Marion County, 18 May 1948 — Page 14
gt Saniax) , 234 W,
Owned and published daily (exce by Indianapolis Times Publishing Co [gil | Maryland St. Postal Zone 9. Member of United Press, Scripps - Howard News Alliance, NEA Service, and Audit Bureau Circulations, Price In Marion County, 5 cents a copy; de-’ _Jivered by carrier, 20¢ a week. ‘Mail rates in Indiana, $5 a’ year; all other states, U. 8. possessions, Canada and Mexico, + Telephone "Riley 5551. Give LAME and the Peopls Will Find Ther Own Way
Irresponsible PRESIDENT TRUMAN'S handling of American recogni- |
TT *""fion of the new state of Israel was irresponsible. Re- | \_ . gardless of the merits of the policy, the method was in-
; The President made a momentous decision aff ‘the security of the United States, the fate of the United Nations and the peace of the world-—without sufficient con- - sultation with the State Dapartmnt, the. defense. establish. ment, and our allies. What moved the President we do not know. Whether | he was thinking of Jewish votes in the November election, as his critics charge . . . or whether he was trying to beat Russia to a decision which she has not yet taken . .. or whatever his motives : . . he made his sudden move in the " most costly manner. He left the State Department demoralized, the Defense . Department unprepared, our United Nations delegation « crossed, : to}
x LJ Ld i yx» > . 3 LESS THAN 24 hours before proclaihation of the state | of Israel, which was followed in 21 minutes by Truman recognition, the Israel foreign minister-designate announced hat Secretary. Marshall had warned the Jews against such
The White House now. claims that Secretary Marshall Cn and Undersecretary Lovett were notified of the Truman : | Stange In bolle) 18 advines—hotf Jong in advance in Dot ey officials and our United Na-
__ tine, knew nothing of it. i Our delegate in the Palestine session of the United Nations had to confess he had no information. He had to
Foreman with whith Pres: a a He po PAL Palestine settlement within the United Nations—were not |
a $5 daily minimum for his emp
loyees. One high U. 8, official concerned with labor sald the company’s request that the CIO United Automobile workers accept’ lower scales was “news of highest importance.” A wage cut would reverse Mm upward trend in progres age 0;
BUT, ME ADDED, 10_be effective in s
In industry circles it was noted that with fight to the
: E : f &
In Tune
With the Times
THE 81G ONE THAT GOT AWAY |
The fisherman stood an’ surveyed & spot. Where a log floated 'ginst driftwood; A likely place fer a fish to hide, So he cast from where he stood. A big bass leapt an’ grabbed the bait, An' then the battle begun. They fought ‘til the had clean gone down,
Then wavin' its It bowed its head an’ sunk, ‘as it went under the worter’ Its eye at the fisherman wunk. “Phen the fisherman howled, an’ Foams, moaned, Laid down on the bank an’ ried;
An’ knowin’ that none would believe him
He give up the ghost an’ died. ooo
The next thing he saw was the Golden Gate An’ a man with a face good an’ wise, With snowy locks an’ flowing robes, Who émiled out of kindly eyes. “What's wrong, good friend? You look so sad.” An’ loud the fisherman cried “The. fish, the fish! It got away!” An.I know y 3hey'd say I lied.”
"Fish?" and the good Saint's 100K Inquired;
Takin’ courage the fisherman told ‘Bout the bass that had the strength.of a horse, The big one.he couldn’t hold. - ," soothed the kindly Saint;
Metvenia the place for men ¥ A big one that got away.” ATF
i
ME SAy-Aoers Wile, + Ve ps, » * RIES
. * WHEN THE President kicks inthe tasth America's allisbenat to mention, se ws Sica] ropresiatmes hn "is injuring our closest foreign relations at a timé of world
If it were necessary to turn the entire Moslem world against us and our defenses inthe Middle East a NOrtD Aixioathe cirealnly wa aot recHsary to Malt ther British French governments: These are thé two" largest powers in the Moslem world. Upon their friendship we’ are now even more dependent. We are not here discussing the merits of recognition of [srael. But in any case no major American foreign policy, much less a reversal should ever be decided suddenly and’ without careful preparation at home and abroad. By violating that rule of government and of common sense, PresiZT3nt Truman by tought Tilley WE TopIoRe Wy AS:
i - If the President had taken his position openly and stood Fe for it consistently, he would have won respect at least.. As. ¥ in he bas earned distrust for hia country.
a re-enactment of “the hectic days of the 1020s” on the floor of the New York Stock Prices had risen steadily for some time. Just before noon on Friday, the “industrial average" climbed a bit higher than it had in 1947 or previously in 1948. That, according to what are called “The D8w Theorists” and the “Chart Followers,” heralded the start of a bull market. So, a sudden flood of buying orders. The ticker-tape
fv EC 1151 different issues, The biggest day's volume in eight years and, some brokers said, the “wildest” market in 20— with all sorts of stocks rising in unison. Next morning, more of the same. Prices still going up, -with 2,500,000 shares changing hands in two hours for the largest Saturday volume in 15 years.
bit ominous. » ~ » » . .
WE DON'T pretend to know why the stock market lagged in the doldrums_so long—while practically everything else—business activity, profits, wages, employment, commodity prices, cost of living, national income—reached ! record peaks in a post-war boom.
Chart Followers, or the various authorities who contend that nothing in the international or the domestic picture justifies such low prices as stocks have been selling for in recent months. They may, for all we know, be right. But we do have painful memories of 1929 and of the events leading up to that tragedy. The dizzy climb of stock prices. The new-era theory that it could go on forever. The astronomical profits——on paper. The tape-watchers who were too busy to work. The. millions of people who
road to riches. The ever-mounting fever for risking savings and borrowed money. LA Then the collapse. Millionaires losing their fortunes. i | : Little folks losing their shirts, homes and jobs. Brokers ‘1 raining from skyscraper windows. Finance and government trying vainly to sell the idea that all was still funda-
“fling Bening transactions. ‘The brokers (ni frenzied ac- | tivity. The “broadest market on record,” with trading in |
It was all very exciting and, to us at least, just 2 a little |
We're not prepared to dispute the Dow Theorists, the _
conel that speculation rather, than production was the f> nothing else to do with their C. N. (Chinese National currency).
We asked how the Communists, who have their own currency, happen to have so much Nationalist currency that they control the money black markets of North China. Our informant
THe TrRIN- AY TC BY We WRIFTed.
They Were Too Hectic oH
(AST week-end saw, " one financial writer described it, . In depends’ on whether you're walking or
|
|
'NON-COMBATANT
s reaching fingers touched the skirts of Glory, But fate withheld from him the Hero's role;
He played his part along with all the others J Part of the team that reached the hard won
goal. .
He sought to grasp the finger tips of Glory But could not equal, quite, her matchless stride; And his- name be not in Hero's annals He lives to no the Peice for those who died. ’ - —SUE ALLEN. * & A suggested slogan for the current dentists’ conference here: “Nothing dentured, nothing gained.” i
woes nll A THE SERVICE FLAG
Who knew the pain it gave me, © As 1 gave him to the world? My eyes were dim, I could not see
* Who knew? Ah, yes, another knew As she placed her hand upon my arm; AMADIS WS PraYS Bensatn the biug Our ‘sons from treacherous harm.
Tonight I see a brilliant star, Its radiance convinces me That the Service Flag. that hangs afar Is God's! Christ died for you and me.
ee
driving which You tat--pofestrians or * +
FOSTER'S FOLLIES
(“PASADENA, Cal.—Vice squad raids phone company’s new ‘information office. Wrong sumber!") . . are unswerving, When they're on a rail ths that's hot;
A haan “on ee spot.
But. these -two-found consternation; When they left unturned no stone, “To- the “information” - . Anyone could get by phone!
wins omDRe H. LA. TELLE. GREGORY." |
ihe inciation-
TC Iretion Spiral Studied
The Ford contract with the UAW: canbe reopened July 18 onwages and other economic issues. The labor spokesman pointed out also that ‘the union will have more trouble in proving a “profit case” against Ford than concerns as General Motors.
nst such incorporated Ford 18 " a family-held Sompany: it is not subject to. the Jaws requiring publication -of financial statements.
The wage-cut ‘proposal was made in a letter from John 8. Bugas, Ford vice president and director of ‘Industrial relations, - to Ken Bannon, director of the UAW’s Ford Department. Mr, .
Bannon {s bargaining agent for 108,000 workers. Mr. Bugis asked that the union. consider “elimination of the substantial
competitors.” ”
Chryster plants finish—-and with
has challen,
1
M you don't believe the spring drive Is on, v
LC, E;
Leap Year Desperation
LL
TERA
wage differential between the Ford Motor Co. and its major .
FORD BAYS its hourly average of $1.56 in its aly River Rouge plant. in Detroit 1) Bignar than: the suarage y. of General Motors or Coyle But lenged this "elaim
WASHINGTON, May 18--The United States is doing 80 many flip-flops in Palestine and in the foreign field generally, that both Embassy Row and Capitol Hill are dizzy and bewildered. President Truman's recogni« tion of Israel, the new Jewish state in Palestine—for “in-stance--seems to have caught the State Department, delegates at Lake Success and | the world in general wholly by i surprise.
- » . > RORTLY ufos the me ouse act retary of State George C. Sore wa. quoted as having advised both Arab and Jewish leaders in Palestine to avoid hasty action. Specifically he warned
ereign states. Midnight in the Holy Land
Israel was proclaimed pendent at 6:01 p. m, “Friday, Washington time. At 6:11 p. m. President Truman approved. recognition. This was made public a few minutes later. At the State Department reporters began to ask questions. The answer was: “No | comment!” an
AT LAKE SUCCESS it was . even more embarrassing... yre (deputy in-
= the
absence of his chief,
Warren-R.-Austin) was asked
for a fill-in on, the U. 8. positon. Blushing
our
them against proclaiming sov-
is 6 p. m. Washington time." -
he--had-—to— admit “that pr Te Knew was
what he
press association. machines. American policy on Palestine has been swinging like a pen-
dulum fer a Jong time, " . »
IN 1946 — to go back no further than that—An AngiloAmerican Committee presented
the “Morrison Plan” for
and Arab ces wi British mandate. Jews,
parti-
tion -of Palestine into Jewish thin the
Arabs
Russ Radio Fails To Let Up Attack
WASHINGTON, May The Voice of Moscow its pitch,
“peace” notes.
18 — hasn't
It's as ~ stridently anti-American as before the Smith-Molotov
80 far there has been no
themes.
let-up in the round-the-clock
One of these is how un-
civilized Americans are, cent to Rome service heard all
Re-
the USSR
about
our bloody prize fights and our corrupt commercialized sports.
“U. 8. radio stations
broad-
cast at least 80' programs
curdling home folks were told. In a review of.
to Murder With Impunity” was
described as -a-" former:
wood scenario writer—arrested
Bing"
18 -times-for stealing -and rob-
Foreign Affairs . .. By William Philip Simms
Our Dizzy Flip-Flops on Palestine
had seen on the
ap United States turned 1 wm o :
In 1947, a special committee of the United Nations proposed partition into independent states. Washington was charged was using “pressure” to put partition across.
» THEN,
last March,
the
United States took thé Opposite stand. It announced partition. The move came as 4
bombshell. *
Dr. Chaim Weizmahn, for-
the trustees
now first
president of Israel, denounced hip plan—which the
United States now favored—as an “impossible solution” which would only “increase confusion and bloodshed” in Palestine. .
S80 GREAT was the opposition in this country, and in the United Nations, however, that
“of “late” the United Stated
His
-gtressed trusteeship less and Tess—putting major emphasis
on ‘a truce between Arabs and
Jews until” some all-round settlement . satisfactory to all could be devised. Which
is where matters
stood last Friday at 6 p. m.
Then. at 6:01 came another
Palestine bombshell.
AB ONE foreigner at Lake . recent: Amer: oD OC088. Jai ican books, the Se of “How ““If-this sort of thing ‘keeps up, we may be pardoned If we begin to wonder soon who: makes American foreign policy | —and-who —can really’ PEE
for hr
) Suitintios show that in 1014 the average ufacturing industries was paid $11 March of this year the average was $52.25 for TY 1048, the average weekly pay in Ae pan atuoule
wird man 03 for he fife ae panei Soe lo
| wil defor fo the death your right to uy if
_.found in the front-page
“i Winder stly 20 per cenit of our | 0
waa that mass, production; yn
Ted with a constantly ro of labor”; and that new y bringing
lies into action the - of Paying
worker in & Week for
Deak. $8404 for £14 howrne
Se a. =.
Hoosier Forum
"| do not agree with a word that you say, but |
‘Give Us More Ifformation’ ‘By C. 8. Mastellér, 1383 W. 34th Sf. Is editors have evidently swaistates
dianapol lowed someone's survey which We readers are mentally 12 years old. Proof of this is urder and other tional » m an sensal ews worthy 1 of tabloids. gd
Indianapolis is a growing lis and we ho free Bute have Jensots 48 be of the our offers. > we to stand for this ¢heéapéning of our papers, this insult to us, without a protest And, incidentally, why weren't we given more information about candidates who ran in our recent primary? Didn't the rest of the 12-year-
olds, as I, keep ‘watching the papers for this information, of which there was 80 very little” Most of us are working people with .no time to chase around to investigate candida
this time. : E Let's ask for more murders on the second | page and have our more worthwhile news headlined on the front Let's Insist that in us the ihformavoting.
Tip to Folks Here at Home
| manufactured; Nettelton shoes sport R cc oon 1 #hift open at thesneck, no sports jacket, clean
mer head of the world Zionist | organization, and |
“they could not serve me.
saan
By John Ox Jr. Indianapolis. "In “A Tip to the Folks Back Hu.ae” C. A. E. of Colorado Springs tips off the folks in our city to lay off that city for summef vacations .ru..afoul.. of snobs -and-stickup-the better hotels and business establishments there. Well, should C. A. E. be a resident of Irf--| “dianapolis, he is not so wised up on the tech‘nique locally. : . A couple of years back. T—with a friend— dropped into one of the better local hotel bars to quaff a few brews. Outside, the July temperature was about 92 degrees. 1 faciured: | Netteiton shoes. $495 Leon
shave and enough folding money to pay premium prices and tip the waitress. The bar boy informed me that according to the manager, 1 was not properly attired; hotel was only one of a number that enforced such a ruling. And about “stickups”—how about prices charged here during big events like the 500Mile Race? Just as bad as Louisville and the Derby—or Colorado Springs at its worst, ® ©
Military - Training Questions By Frederick O. Rusher, 2020 N. New Jersey Si. Here aré some questions I don't believe anyone can answer. What does universal military training mean? How long will it last? Will it be permanent? » Since all men 19 years old through 30 are
o required to register, and those 19 through 25
are subject to military training, and from then Oy A ie Tory whereby every man as he becomes of. Togistration age, is subject to call? What happens after a man has served two yéars? Is he mustered out into civilian life? Is he once again just & plain citizen, or is he still subject to military Does he leave the service with the knowledge he not to be called back to military service? R I don’t believe universal military training “is thoroughly understood by one-tenth of the
ple... If this “bill ‘becomes law, “the full document "should be published in every daily newspaper throughout the soumtsy. . -
‘Beware, Fellow Travelers’ By H. H. 8. : The Fifth Column in this country is indeed dangerous, but it has been squeiched, to a great extent; by the good work of the Committee on -un«American - Activities. Let us not be misled: ALommunist. As. not: the only: that certain persons are Fifth Columnists. In my opinion, when an employer Wa that anyone is -disloyal “the person shouldbe diz . charged immediately. ~The Tellow traveler; at the present time, {s more dangerous than open Communists.
Membership In a
important weapons in the Communist arsenal,
| best information here. Its handling furnishes a curious twist to
the civil war in North China. Chinese Communists are milking National black market American dollars and driving
the USSR. Probably no other civil war has. produced undercover “trading with the enemy.” cause of the great areas involved. In these
thing elae. fullest. Operators in Pelping and Tientsin regularly
even Shanghai.
- Reds Always Buying Dollars
dollar in town, They have got to buy dolars—o
had a ready answer.
stopping them. Tobacco is tobacco.
The value 6f American dollars in relation commodities is stable.
profitably into C. ‘believed, Pon
Susially sctind to a U. 8. A. that sank deeper and degper i And 50 we're sure of this: 1f anything like a revival the hectice 1920's has started on the floor of the New Exchange, the rest of the country would do - ® rush jnlp that aut. ¥ i
yy;
oo
vy
NORTH CHINA . .. By Clyde Farnsworth
U.S. Dollars Aid Reds
PEIPING, May 18—The American dollar is one of the most
downward. It is a vast commercial-financial operation that cuts across the lines of conflict and sends a stream of greenbacks into
It is easy in China be“people to- whom full bellies are vastly more important than any. Nationalist control of such traffic is virtually impossible. But
above all, the Communists exploit their “dollar milking” to the
currency for American dollars than anywhere else in China
“IT 18 SIMPLE.” one money dealer explained. “The Chinese Communists are always buying dollars, They often mop up every
“The Communist-controlled areas have certain surpluses tobacco, hides, cotton, even grain. These are exportable surpluses and they send them into the Nationalist cities. There is no way of
“After they have sold their exports they are up to their neck in C. N,, which they will dump cheaply to obtain dollars.”
With the aguas, the Reds at their leisure may reconvert for purchase in Nationalist aréas or, ‘as widely backs to cover purchases from Ruse What the Russians do ma the American honey Is anybody's
according to the
ist cities of their Chinese currency such a volume of
dwell millions of
bid more Chinese
r:-gold. They have
to .most_ Chinese as is fa.
afférd the prices!”
af
Side Glances—By Galbraith
: ooo YM aE a, Lo
te
"Yes, it's a good time to reduce, with things so high, but whan. | want on my dist it wasn't just because we can't 4
A
| BREAD FOR HUNGRY :
‘Italy to End Rationing
By Ernie Hill
ROME, May 18—With Marshall aid wheels now turning, Italian housewives soon will be able to throw away their last dog-eared coupon books. Commodities distribution officials here believe, in fact, that it will be possible to end all rationing in Italy In less than 90 days. Actually, bread and pasta, the basis for making spaghetti and macaroni, are the only items still subject to rigid rationing. Rice, butter and oils dre supposed to be—but there is such an oversupply of those items that shopkeepers no longer bother to collect coupons for them, Thirty per cent of Italy's aid from the United States under
the European Recovery Program will be in-grain shipments.
And
Canada is due to supply additional boatloads. A large part of this imported grain will go into the bread twists, hard rolls, little sugar loaves and nut and raisin loaves the Italians like. They don’t take to soft bread such as is baked in the States.
AT PRESENT, only people with sufclent money to deal On the black market get all the bread they want. The black: market price is almost three times that on the legitimate market. However, the scheduled wheat shipments from America will take care of that situation by easily satisfying all current needs, according to food distribution. In the first year of ERP operation, Italy will receive from the Western Hemisphere, in frée goods and loans, $1222 billion. Of this, $703 million will come from America—including $246
million in foodstuffs, of which $218 million worth will be ‘Next largest item will be $111 million in cotton for I
textile mills.
ains. taly’s
aid also will include $08 million for. coal to help
Americanrevive Italian industry, Numerous other items complete the a
Italy's problem
prices will decline,
LITFE-QUOTES From Big People _
In
I have, King of Romania.
ett at 0 0 nam of i h hare
could see see democracy ‘would be much better all ovetemilithasl.
I be to the ket go flooded 11H he ip tHe nae
in operation here at
+ 4
seats only at The new a house, which completed in be used for church is bei
picted the pr tion of the A R. Hartley
i Wo
gray. an