Indianapolis Times, Indianapolis, Marion County, 7 November 1948 — Page 55

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‘SUNDAY, NOV. 7, 1948 : THE INDIANAPOLIS TIMES :

PAGE 55

‘The Week In Business

‘Little People’ Took Next Best; ~ Truman Expected to Be Tougher

By HAROLD H. HARTLEY, Times Business Edito usinessmen rubbed their eyes last Wedn bY and wondered what had happened at the polls. By Thursday they knew.

The “little people,” wage earners, housewives, small farmers, were still afraid of the Republican Party. They no longer could vote for Franklin D. Roosevelt. They took ext : nd e st, his - hand picked Trmanvetiog business-

successor. {men than most of us think. They Power and confidence had are prospering. They have orcome back into Business with the ers and can meet their payrolls.| money-laden war and postwar Earnings have been stepping business. The Taft-Hartley law Bigher and higher. | 2 _. had been born in| Some businessmen who weren't * a Republican doing much talking, especially, ols x 2: the little fellows, were afraid of, 1a ting T o m the Dewey bandwagon. They did, ‘Dewey had too DOL want the big corporations to many friends in|Squeeze them out. Quietly, they : high finance. He Voted for Truman. . was a cool, un-| Under-the-skin and on a don’t-| erring machine, quote-me basis, even some of the

Views in’ Conflict By FRED W. PERKINS

WASHINGTON, Nov. 6—One reaction from union leaders, who|

might as.well quit talking about|tural Economics stands at 11

day and will work out in due mals and butterfat dropped, while

the extreme left as represented Indiana's bumper crop of corn.

sure. They shiejWway Mr. Truman handled the

a \ X's before thelcan be tough when the situation] the Murat Temple, which closed Friday. Miss Eli i i servatives and reactionaries.” | . H. H. Hartley el | Pp y zabeth Pert is demonstrating the ‘Weed Killer

name of the little|requires it. They like a man who! now executive t f& $e 1; . George Meany, secretary-treas-Missouri haberdasher who spoke, can slug in a crisis. cutive typetdce and automatic line spacer’ to O..R. Altum, president of urer of the AFL, and the driverr A BARTHOLOMEW County

not too fluently, their own lan. Business does look for a more the local chapter, National Association of Cost Accountants, who sponsored the [of the AFL's League for Political test plot reveals startling results

i aelhess Sealn blames leader- man had the White House handed | ager agree. He says the AFL willl with 2, 4-D. ship, but whose leadership? The him on the platter of destiny.! ST or pursue the Samuel Gompers non-| Earl Wilson an Jayne Coy, far-rightists accuse everyone but Now he is the chaice of the peo- partisan policy of supporting both teachers of veterans’ agri-

; -. camp made the election look too cisions, speak up. And business Parties. much like an over-eager reach for points out, Mr. Truman is Conflict to be Aired an gearing

. laired or amplified in the forth- | Methods Shown Mr. Truman Must Reconcile Labor's comes. conventions of tne 10 ROCOFT BY FOIQ |r owmee ey uopmuat tise ans At Office Exhibit Wage Demands With Inflation Peril telumphant stimosphers is = October Checks Ji buds from the tree for graft|pecte ecause 0 organize {Ing. fy i : By J. A. LIVINGSTON { ’ y Sev 1 tall t bear the N labor-sav S - 0 labor's part in getting out the . ‘ai: { Several tall trees now bea ew labor-saving business ma-| Hit $242 Million {golden, seedless fruit on the Myers

|chines are fighting inflation. NOW THAT we have stopped being a nation of poll- vote that elected President TruIndianapolis cost accountants man. |saw simple evidence of the {struggle in: their office equipment quences of President Truman's victory? : |union leaders, in separate con- ing October,

exhibit at the Murat Temple which| ferences: |announced today.

| chines which whisk through totals| |publishing have reached a new ur

in the billions were on display|of wage increases may not get direct administration sup-/low in influencing people.” Da {with demonstrators showing how . ' . | Mr. Meany: “We have demon|a payroll could be calculated in POrt, but obviously Truman can't sit down too hard on labor| ed the Political power of or-

recon: leaders who backed him. Thus, M his di- : | Electric typewriters w er e| . , Mr. Truman faces this di \ganized labor, most importantly ,.

{997,400 was paid out. |

systems in which thousands of| ; . ies M r records, persomtel, oeensted As a result of the election, labor renewed its political nis own greatest liability.”

je, Habricating JHusiness can be own, It is entrenched in the Democratic Party—John L.fgob Tan Je Mastin and Fred Be NklY ears gebijs in i ’ ; n. ! : . eee ———— - ; : . ctober drop - Lewis and Alvanley Johnston cent minimum. This would aff

9 y y — i _. : | Furniture Redesigned ble FIVE MILES A MINUTE—This DC-6 Flagship of American | Inter-communication. systems, to the contrary. many workers in non-durable Mr. Kroll: “The Democratic $181.095.773 figures, established in

Airlines, carrying a passenger load of 52, started serving Indian- [and voice recorders. highly de-| goods industries, particularly those platform pledged Taft-Hartley the week ending Sept. 13.

pn P 8 , S

apolis this month. I+ makes a one-stop trip to New York in three elope, showed up in profusion, | We can Blso assume, JUdZ- in some of me textile plants. lact repeal. I have faith in that! Cherie (aid by banks iu Indi ; y : with office furniture 5 ng by results in e west, | —=Social Securit 7 ” (ana 8 “us ; hours and 15 minutes flying time. redesigned to urity will platform. J TSt-nize months of this Year)

[catch the eye of the utility-minded| thatthe farmers came through be widened, perhaps to -farmers| Mr

Meany: “We want the ,n,nted to $2,018,786,369, a gain

. . executive. {handsomely and unexpectedly./and household help, but also med-| % Keeping Enterprise Free Adding machines, accounting] Agriculture, already nicely pros-/ical provisions may be adopted. tre Wagner JT revealed Andi of 13 per cent over the same peThe Indianapolis Chamber of Commerce, watchdog of free en- machines and bookkeeping cash|Perous but fearful that the Re-'And federal aid to education is giply labor and management riod. This is 61 per cent higher 2 terprise, is offering a two-session course for industry leaders, to registers dominated the local ex-/Publicans might drop price sup- likewise on the prospect list. could ‘Werk: out sore acceptable Nan the amount in the first nine| i spread effectively the gospel of free enterprise. The C. of C.s hibit leaving little doubt that{Ports, was not | FOUR — Federal financing of amendments to the Wagner Act.” months of 1540. - 9 invitation list is selective. The lectures will be given from 10 a. m. labor-saving machinery has be- Willing to swap {low-cost housing also is probable. ! K (w “| Indianapolis was one of the 262 to 3:30 p. m. on Nov. 18-19 and Nov. 22-23. come one of business’ most effec- Harry for Tom. |And Mr, Truman may exert pres- T Me, roll ihe Sbposeq the cities in which September bank A top team of free enterprise spokesmen will come to Indian- tive Weapons against inflation. | In a sense, the |sure to insure permanent. farm he Hay a, as Nr re he ey

apolis to conduct the two sessions |Democratic tri-

of intensive training. The course edition of the 1949 Promotion Burroughs E umph is a farmis limited to 50, NE of whom Guide and Merchandising Calen- 9 mployees 'er-labor lineup in

normally are regarded as com- 4ar from the National Retail 10 See Special Movie favor of the wel-§

munity spokesmen. Hardware Association. It goes . y fare state, So, ¥ SPO 10 association -members in. the 20 Profit system will be ex-ly,’ yew Con

1 INDIANAPOLIS Hardware Re- retailing, manufacturing and Rate Spiess of the In-ioress may well tailers are receiving the fourth wholesaling fields. : e Burroughs gee things this Ix Be >: ning at 40 billion dollars, joruman neped ys, appened 125 lines of shoes at the opening|

{Adding Machine Co. in a sound ay: ; may movie to be shown at the Athletic| ONE Th ” ; {that he stood for the same things | : 5. ; rn ? ; climb to 45 billion because of re-| » of their three-day annual Spring Junior Bank Officers {Club at 2:30 p. m. Tuesday. |Tast-Hartley law Mr. Livingston armament both here and abroad [Wo a0 “Third party for Shoe Show opening today in the

Two days in November are earmarked for the operations con- , 1né movie, titled “In Balance,” | I refer vou to the CIo Severin and Claypool Hotels.

Snows B 4 {will be modified, if not repealed—/ SIX—Economic controls, espe- |. ior? | ference for junior officers, department heads and key employees of ow profits are used and especially the provision barringicially allocation of scarce mate-| gi Board ub in| Hoosier retailers will attend a Indiana banks, Don Warrick, director of the Indiana ‘Bankers e ar Teso ution - in luncheon at noon tomorrow in

will also be viewed by the Ameri-|the closed sho s ) | the shop. rials, will be up for early discus-{, 3 i Association, announced this week. San Obpertuniy study panel of| TWO—The minimum wage, now sion. Price control, now that irg|Iavor 0! rung within the Wo! Severin Hotel. Frank Edwards, The two-day program, Nov. 17-18, will include an exhibit of | cb ndianapolis Chamber of{40 cents an hour, will be raised. no longer a vote-getting necessity, | jor p CAm-|, al news commentator, will be accounting machines with two speakers and a panel discussion. ~CMmmerce, G. J. Wineman, Bur-\Mr, Truman has asked for a 75-'may be dropped. |guest speaker.

|price supports. b a 3 y FIVE—Taxes won't be cut, and est possible candidate we could per figure was $227,910,041. {even may be raised to balance the got. In ready io eat crow on - TU (budget. Here, the emphasis will what nought elore he was Hoosier Shoe Retailers be on higher corporation taxes. : et $212 With A now a. at twice! Mr. Meany: “We take tull To Attend Spring Show the 1929 level, they're an obvious Credit for getting Sut tie Jaber Indiana Shoe Travelers Assotarget. Federal expenses, now run- . concece that Mr... ion, Inc, will display 100 to

paign. Tuesday proved we could

Horace F. Conklin, Battle Creek, | 5 eee {roughs division manager, said 2 |do it effectively.” A i - Conklin, Battle Creek, of Chicago, on “Accounting and yesterday. 4 to Credit is Shared i president of the Michigan Bank- Reporter on Reserves for Bad! —_— episod ‘Lesson to Business | ‘Me. Meany: “Tre TeooF party Tool Firm Manager

LER ers Association, “will talk on Debts.” The panel will be led on Risk Firm Promotes THE MEANING to businessmen is clear. They no longer com- idea is not dead. But the AFL is Here Is Transferred

AFL, CIO Laud Pormors Vote to Assure Vote, Still Go Price Support Continuance

Pledge Made by Both Parties; Buying Power

Se arate Wa S Of Crop Producers Down to 1942 Level | By HARRY MARTIN, Times Farm Writer i | The outcome of the election should have little effect on farm Party Affiliation | price support, Farmers saw to that Tuesday when they weighed the candidates, played safe, and put their Xs by the million in front of the name of Harry 8S. Truman. Both parties, bidding strongly for the farm vote, had pledged Scripps-Howard Staff Writer { support of farm prices as “fair levels.”

Parity Ratio Down | School, counted ears of corn taken THE FARMER'S pocketbook is! from rows treated in various are trying not to seem too jubl-|ghiinking down now to its 1942| Ways. - Rows that were sprays lant about what happened at the size. The latest parity ratio is-| fOr early weed control turned out polls, is that Walter Reuther|sued by the Bureau of Agricul-|132 to 140 ears in a given length, 1, While similar row Ficiasd. ni {the lowest point since November, 116 ears where cultivator and ro- & realignment of the two major ,g.» mpg reduction in farm buy-| tary hoe were used. Sprayed plots political parties. ing power has come from two average 93 to 102 bushels per acre, “The realignment started Tues- sides, as prices of corn, meat ani- the unsprayed plot 85 bushels. What does this prove? Nothing, course,” according to Jack Kroll prices the farmer pays, and his perhaps. But we might foncigde director of ‘the CIO Political interest and taxes, continued up- that the rotary hoe and cultivator {Action Committee. “The Demo- ward. dug or covered up sucugh ay {cratic Party has rid itself of two. Election day over, and a mid- corn plants in early cultiva on 3 lunatic fringes, the extreme right/week rain ended, farmers turned make the difference of severa as represented by the Dixiecrats, their attentiqn to the harvest of bushels of corr per acre. Weeds and vines, missed by the eh by those who voted for Henry Moisture content was coming cul tivaios in ie Unsprayes plot, 4 Wallace. The Democratic Party down, and mechanical pickers/may have affe h " } confident, cock-|bigger business leaders liked the . POWER FINGERS—The new IBM electric typewriter, quieter, faster, and easier gen be Whe ne 7iDe. Voersls, moved through id to sipping the ir nutielts Sha F hit 1 : . / -|brown, straight-stan § 8, . away, put their railroad strikes. They know hel ©" the eyes, was one of the hit items at the office equipment Business Show at [tinue to be the home of the con-!laden with heavy ears of corn. No Pucker

| CARL MYERS, fruit farmer in {the Muscatatuck valley southeast |of Seymour, is one man who talks i i : about persimmons with a smile, guage. {hard-boiled President. Mr. Tru-| show, J. M. Voris, IBM service manager, and W. R. Forsythe, local IBM general man- |Education, doesn’t altogether of chemical weed control in corn | tend of a puther He is {propagating a seedless persimB22 I= Fa ” mon, and if he is successful in ! i i it, his fortune may be themselves. Some well-balanced ple, he will have more confidence, x * friends and opposing foes in both culture classes in Columbus High Inia eI oe business thinkers insist the Dewey Business expects him to make de- U ness dC ine eo 00 the Democratic and Republican . a Ball BOE OH ei It was a home-made rabbit trap that got Myers his first shoots from the original “sport” tree. He

not pee . ® the “good old days.” one-third as far left as the late | hts Inflation | th N t ; ; { This conflict in views. will be There were more Dewey-talk- Mr. Roosevelt. g n e a ion ‘ built the trap for the elderly lady

. . i Indianapolis banks paid out a/farm, which has become a mecca parrots, we can take stock. What are the economic conse-| Quotations from these two Feiss $242.217,012 in checks dur-| for persimmon lovers. From the Clearing House every state in the union, requests {have come for young trees. But |ended Friday. We can assume that this was a labor victory. And 1abor| wr Kroll: “The newspapers] The more than $242 million as yet Mr. Myers cannot supply Electronic multiplying ma-| asl ask for it id The drive. F £ h d/and the polls they have been figure soared above all other fig- them. Methodical in his work, he ask Ior 1is quia pro quo. e drive. for a fourth round es for 1948, and any other year. Wants to make sure they won't Pp ily bank clearings also reached revert back to the old seed-filled w high Oct. 30, when $13, type. 2 ne g e Meanwhile he reads and studies, Bank debits for the day were buds and grafts He la of r : : , " ghest ever on Oct. 15, whenjlasly =Dpersunmon . pugding, 0 shown. New quick, visible file/l€mma: How tg reward labor, yet stop inflation? [\'o labor itsell” % $36.754.016 was reached. Monthly methods of preserving the rich r. Kroll: “Tom Dewey Was jopits record was established in|delicacy for winter use. He tells : . ra July at $686,177,192. |of flavoring ice cream with permaintenance costs, everything in Strength. It does not have to establish a third party of its Mr. Meany: “Dewey may thank Figures Drop |simmons, and adds that his chil{dren like nothing better than to {spread persimmon pulp on gra- ; y |spectiv 149,272.95 and ham _ Kroll Eats Crow spective record $67,149.27 an | sandwiches.

crackers for persimmon

Thomas, Irma ond Tom Bemis PRP TE WR re nT PPD LETENION To TONR airiet FRRTIAD & HALEY BAIL 0

LANKLIN 147%

Here's a secret , . . the price of a gift doesn’t matter fo your photographer friend. He has a use for anything in our line— it means more fun for him in his chosen hobby. A giff at Jess than a dollar can mean several priceless pictures fo him. Of course, we have good gift maferial at any price. Drop in and look us over!

“Practical Public Relations,” and the closing day by C. L. Tewks- . {mand the loyalty and confidence of the common man. Workers do! not ready at this time for a labor i | | ! | y by . yalt) . ) t manager| Laurence H. Jones, ‘assistant vics bury, chairman, of the bank op- Indianapolis Agent not accept the off-uttered phrase of employers that capital and|party. There would be no hope a ag president, Federal Reserve Bank erations committee. | Lawrence Leland, local insur- labor are one, that the interests of management and workers are for that until there is labor unity Monarch Machine Tool Co., 709 : lance agent in the American !dentical. in this country.” E. 38th St., has been transferred! New Cadillac ’ ' United Life Insurance Co., has! So, the, businessmen who supply the chips for the Republican Mr Kroll: “The AFL league to Cincinnati, where he will head ; ne 2 ' been appointed assistant director Party and its candidates may re-, i di 11 1.+...did a great job. So did the po-ithe newly established sales office. B. F. Donovan, district manager for Cadillac, tipped his hand|o¢ agencies of the company. |consider their investment pros- 1® attacked indirectly all 1abor jitica) committees of the Interna-| Don Potter, formerly aesistant, on what to expect in the luxury automobiles next year. Conservative, He will be employed in agency pects. They may decide that pol- ¢2ders. who also opposed the tiona) Association of Machinists! giatrict manager. has been placed Cadillac will keep the fin-shaped' tail lights, change interior refine- educational work and field super: itics is fike business. If an item 1 aft-Hartley law, and the Railway Brotherhoods.'in charge of the Indianapolis ‘ments, and improve brakes, but the big change is under the hood. vision with Eber M. Spence, vice doesn’t sell, you change it or , 1¢ Was saying, in effect, to/gyt 1 think the CIO-PAC did|ofices £0 The engine will be built for a 12-to-1 compression ratio as com- president and director of agen-|drop it. [the union rank-and-file: “Yourimost of the effective work.” | = pr pared to a T.25-te-1 ratio ne use. Tha. actual gatio of the de- cies, and Douglas §, Felt, newly] Obvigusly thoy Republican | aders . were wrong.” A primg! Mr, Meany: “The other labor! Y : livered car will be 7.5:t0™f, Bubif,~ = Fo LR ETaphomrea (associates director “of Party does#t win as 2 spva-reanagement principle in, indus-isgiitical. organizations desgrve a OPEN FQR INSE ON =e ~“iness, dependability, and the last-} olis arty h as a conserva ie » : 75 2s > ..and when higher test gasoline be: Good ov ra (AENCIEs. ah 5 oo {ive Puy STE does twin with ai rial relations oe $Y 0, aP-Ishare «f the credigr is" . comes generally available} Cadil-| PS Jurdry ride. Cadillac DWNers | tice are» oa pdate Who des-Tiot-appe.i-to DEAL VEL, the head of union Teas, Mr, Kroll: “Did labor get out {~-8 F2, Bi will; be "able to shift auickly 20 Ot Duy 2a BPW Sar every year Illinois B nkers Eye : ithe ommon man. ,Mr. Truman, ers’ to the Wolken: TY ithe vote? I refer you to my home, : LIVING HOME to take advantage of the more-| i y lines. . IR il A P bl ~~ |despite his mistakes, won sym- Yoome wngSy 1 appiles-1n po “town, Cincinnati. The Democrats} » power-and-economy ratio. 1a Seance o 8. ura rea rroblems [pathy. He was in there trying. “cS 100: > {have been losing it by 25,000. Mr.|¢ 4190 North Pennsylvania Street} | The ratfo ch All Charles Hammond of Hoosier, noi. than 500 Illinois bankers Dewey was aloof, studied. The es: aa:.o (oon [Truman won it by 15,000.” grin rennsy . e ratio change will increase Cadillac, 2330 N. Meridian St.| convene at the University of NéWspapermen who traveled with | Strip Mine Given Mr.. Meany: “We supported 16|§Oct. 31 through Nov, 14, 19483 the horsepower from 150 to 160, gave a luncheon in Mr. Donovan's yn oo Champaign, Tl Ty 18/him never warmed to him. Per- Saf Instructi candidates for the Senate, lost'}2 to 9 Daily—I1 to 9 Sundays$ but Cadillac has never tried for honor at the Athletic Club Fri-|y; oq 0 discuss agricultural rob- haps, if the newspapermen had] ety nsiruc ions one. We worked actively for 105 speed. Cadillac's goal is Smooth- day. ems of barikers in rural aay examined their mutual reactions! SuPPlemental safety features candidates for the house, and 86 § Shown by the Central West }| g ® The conference, sponsored by instead of parroting the polls, ne gp td Sandan were -elesiad. ; District Indiana Garden Clubs + } ; : +. they. might not have been so far;‘olleries s mine. n Aln- “It was the first time,” said Mr. Comic Book hie Unigersiy na oe Itinols) in yEnt election expectations, ton were recommended by a fed- Meany, “that the AFL attempted ADMISSION PRICE 25¢ Someone had to do it. The General Electric Co. apparently ,™ jiccussion of the impact of (This includes me.) eral mine inspector this week. io organize down to the precingt Robert L. Mason, Builder thought of it first. GE is using the much-criticized comic book to P ! Inspector J. S. Malesky pro- level. That was just the starter.” :

|government monetary policies on| A Political-economic moral for

tell its story of nuciear energy. It's done in fantastic Buck Rogers, king business the Republicans: Never try to Posed storing of detonators in‘ —— style. The narrative is labeled appropriately “Adventures Inside pikankiiint |drive a wedge between unjon| fireproof magazines, keeping exthe Atom.” {leaders and union members. gn portves and detonators in, suit-

It has appeal to young imaginations with a high content of Indiana Coal Output {his Pittsburgh speech, Mr. Dewey able operation storage boxes 'in

alluring scientific information. | — Rises in |attacked the administration for|the pits, and the short-circuiting GE tells its young readers on teasing a un Mo » in Detober /its opposition to the Taft-Hartley of all power lines at the source the cover the story of energy inj oof almost unlimited] TERRE HAUTE, Nov. 6—Oc- Act—gfor vetoing it. In so doing, |until ready to blast. simple language: All Fnergy Bas), wer.” 2 {tober coal mine production in In-| = always come from Out © 15" GE soon will produce comic|diana registered a slight increase World.” The far-off sun has given books telling the story of jet/over the previous month, accord-| us indirectly the stored energy o | propulsion, advenfures in ele-!ing to Coal Trade Association of |

coal and oil, the living energy| . | J of plants and animals (and of tricity, ete. Indiana in a report today.

humans, too.)

| “Today, scientists have found, | the source of the sun's strange] and wonderful energy locked in the heart of the atom . .. are} . . | ( k

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