Indianapolis Times, Indianapolis, Marion County, 22 December 1948 — Page 16

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napolis STiines ;

‘A SCRIPPS-HOWARD NEWSPAPER rr -

i WALTER LECKRONE HENRY W. MANZ . Editor Business Manager

PAGE 16 Wednesday, Dec. 22, 1048

atl Times Publish. ied Marsh 80 das 9. < Member of Bs Lol rr en 1 fos, and A FE

deuvered , Stun ey Ay % Week, i og and 300 » Fr oada Chay Es NE) r. and day, $7.50 a yea 8

‘Telephone 4] ley 5551 Give LAght and the People Wilk Ping Thew own Way

Holiday Tragedies

MANY Indiana families now preparing for a cheerful observance of Christmas are destined to spend. the holi‘days in deep sorrows of tragedies if the ordinary rules of safety are ignored as in past years. : On Christmas Eve last year in Indiana six persons were killed in accidents and during the holiday hours of the fols _ lowing. day seven more died in mishaps of one kind or anWe are recalling these grim statistics, not to row gloom on the holiday season, but rather as a timely reminder that ordinary precautions against the outbreak of fire among. Yule trimmings and a little more care in traffic this year would prevent tragedy from marring observance of Christmas in Indiana. Public safety officials have issued lists of precautions - that, if followed by everybody, would: eliminate the death toll statistics connected with the prs of holiday cheer

every year. ede an

Threat to Security , CONGRESSIONAL committee headed, by Rep. C J. Kersten of charges that Communist dominaton of the United Electrical Workers of America—one of the largest CIO unions-~is “a serious threat to the security . of the United States.” ;

2 ‘the labor movement. He and the CIO's recent convention did act firmly against the leftist leaders of several small A ons, who were accused of failure to do a satisfactory

000 members, the great majority of them loyal Ameri- ’ Sno mane, th gr mry of hm ot A | from conteo by offal plainly in sympathy with, f so

ar pay as Mr. Kersten says, “seeks across of power that an Tari Ameri Its hold on the elec- 3

engaged in other work vital to American security— work in the fields of radar, jet propulsion, airplane instru. evans aod the hs. ; un genuine courage for Mr. Murray to drive Communists and Communist sympa out of power in I Mig TOW. “We hope he will do it. If he does not, we | " palieve the sovernment must take such action as is Deces:

Som; Taf Is nl % (CONVERSION is perhaps too strong a word {o use about. Bob Taft. The Senator from Ohio is too cautiously reserved for climactic change, but he does have the grace to modify his opinion when he sees the evidence for himself. And that Spparentyy happened on his 26-day Eu-

> os» a. 43

all signs point to a. hot idl debate -gppropriations, it is fortuna

“policy. Here again the gentleman from Ohio returns in satisfied mood—' ‘General Clay, ihe 4 American miliary av

Russians and he is entitled to the whole-hearted support of the American people.” Sen. Vandenberg has done pretty well in holding up the Republican end of bipartisan foreign policy, but he can do with more help from Sen. Taft.

He Likes a Good Time

[rs LIKE Harry Truman to want to be in his own ine auguration day parade. It is another illustration of the qualities in the man which bring him so close to the average Main Streeter. Like a lot of other average Americans, the President enjoys parades. When his own 385th Division marches in Ee Kansas City he jumps out of his car to trudge along with ...his_old buddies. When the Shriners hold a convention, |. Harry Truman is there, Oriental fez perched on his’head :. and looking not like a President wearing a fez for political : effect, but like a Shriner attired for a convention of A ” ” . , 8.8

© up President is the kind of man who still enjoys an occasional night out with the boys. American-like, he loves _ to go places—too fly in his own plane and to sail on his own ‘yacht. He is the kind of amiable, every-day executive who : bookkeeper’s wife, and goes to all the

lict whether Harry Truman President. But it is a safe

cafes

Erte

——r

With the Times Barton Rees Pogue THE LONE PALM

. “You come across it often in Florida-a single palm tree standing all alone in a barren waste land of white sand. There is something of grace and beauty about the scene; something of pan tery and doubt. It fills the heart with a sublime sadness and a strange sense of peace. The tree does not stand straight and confident, but leans a little, as though brooding. With nothing but the warm blue sky to keep it company, it ponders there in the eternal silence—the symbol of absolute loneliness. No other tree has quite the same effect upon the human mind, for every mind lives alone. No two persons think alike. No two have had the same experiences. No one tells another ‘everything. Each starts alone in his own wasteland. Inspired by the tree, the mind reviews its past,

from cruel memories of a misunderstood child-

hood, perhaps, on up through all the beauty one has known in life, the satisfactions, the noble persons, and--alas—all the mistakes and failures. Now the meditation broadens into a con-

* templation of the universe, until finally nothing nothing has ever | — mattered very much, nor ever will. Should this

seems -{0- matter. any..more;

earthly existence be the end--what of that? In any event there will be peace, The “lone palm”-—a familiar expression. But never the lone maple, the lone elm, the lone oak. Not even the “lonesome pine” has the same significance. Only in the lone palm does the lone human heart realize an affinity. ~MILDRED M. SHARTLE, Danville. ¢ + & .

J'EVER?

J'Ever watch the snowflakes fall Upon the busy street The first are always trod upon By Unrelenting feet?

J'Ever sit and wonder why This always happens too That lots of snowflakes go to waste And lose their silvery hue?

FEver pray for knee-deep snow To cleanse the smog-filled air Then later on with athing back Recall your hasty prayer?

God, give me more strength than I have had before,

Let me draw wisdom from Thy abundant store,

Put kinder words at my command, Let me feel Your comforting hand “That I may with conviction stand To Where 1 ‘weakened and fell in days of yore.

Help me “spread love and good deeds all about, ~ Because realizing Thee I can but shout “With unhesitating pleasure Of the gifts in heaping measure

ankful when Christmas is past With the kin m of greatfulness that will last survives, best thrives

i gig i:

When welcomed in our daily lives. Dear

~VIVIAN W. PIERSON, Greenfield.

ae. PLENTY OLD I've thought and ‘thought about it most a year— That Banta Claus is only folks right here,

And now I know, 1 know, for sure I do! For when they thought 1 slept, I didn’t sleep. I was awake, and didn't even peep, : But you van bet on me, T won't tell Sue.

“1 heard my mother say ‘to Dad—she sald That she had bought a doll and little bed To put in Susie's stocking late at night.

Now Sue, she’s only four—too young, you see, To know the fun 'bout Santa Claus—but me?

Oh boy!. I'm five. I'm plenty old, all right.

~ANNA HOSEA, Indianapolis. * © 9

BED TIME STORY

“Dear little sister; I'll tell you a tale Of a strange Prince Charming who rides a trail To a lovely princess in glistening white . , . 8h, she’s asleep! Little sister, ‘good night.” ; =-POROTHY M. PARKE. Indianapolis

In Tune .

| Hope Springs Eternal

Political VieWpeints Switched

WASHINGTON, Dec. 22--Somehow the babies got switched. - When or how isn't clear,

+-but it has caused one of the strangest mix-ups “1 “in history.

The one known as “liberal” (or even “radical) in America’s early days grew up to be conservative. And the early-day “conservative” became the liberal of today. . The so-called “liberal” now wants a strong

central government, with a _pot of political con-

"and interference in individ airs. That is exactly the position the conservatives took when this country was formed, and fe many years thereafter. The so-called “conservative” of today wants to get back to the privileges, guarantees and individual liberties set out in the U. 8. Constitution. He Is fighting against government encroachment over those activities reserved for the states, and over the private lives and business affairs of the people. And that is exactly

the attitude which the so-called “liberals” and

“radicals” took when the Constitution was drafted and the government ‘began functioning.

Words Mean Opposite -

OF COURSE, there are extreniists on both sides—but this deals with the general run of people. Their viewpoints about government have got reversed. Words used to describe them: mean the opposite of what they once did. <

The great early leaders of this country— Washington, Franklin, John and Sam Adams,

Jefferson and others—were “liberals” because they stood for personal rights and against a strong centralized state. They frankly feared government abuses.

“Liberals” won out in the constitutional con-The--new government was- surrounded

vention. - with numerous restraints. What has come to be known as a series of “checks and balances” was set up. Many powers were retained for state governments—for there was tremendous sentiment in behalf of local control over matters not clearly of a national or international nature. These came to be called “states’ rights.” "But, despite these safeguards; the people Weren't satisfied. They still Teared Boveram,

“straints andedivisior

MESSI] ny

The better educated knew that over bast cen turies every government had abused the rights of individuals, Governments, through police power, had suppressed freedom of speech, religion and assembly; had persecuted people for their beliets; had seized property; had imprisoned and executed without fair trial; had enslaved men or turned them into serfs; had flaunted human dignity. So_the Constitution—in spite of all its ren of pov - men who had won freedom through bitter war-

fare. They feared a strong government would |

take away their liberties. In order to get the Constitution ratified by the states, promises had to be made that the new government would be further restrained. Assurances were required in behalf of a part of the nation never before so protected—in behalf of the plain people. Thig is what the Bill of Rights does. It does not safeguard any branch of government. It only protects the people in their individual rights and privileges. ‘This legal protection of individual liberties

was the newest, most advanced political idea

in history. It put into a nation’s basic law a list of things which government could not do.

Opposite Trend

OUR Constitution — especially the Bill of Rights forced into it by popular pressure—represents the basic liberalism under which America was founded and grew great. trend is in the opposite direction—toward direction of state and personal Washington. As problems arise, present-day “liberals” de—pend on new laws and controls to

them. - Some of this, of course, has been forced |

by modern conditions; but the extent of it is frightening because it runs contrary to what made us Many individuals are worried. But, strangely enough, no present political party-—especially the Republicans—has seized the chance to fight for the traditional American principles. Poli-

. ticlans seemingly fear théy will be called “con- ~ servative” if they stand for what was once the -

idn’t “satisty 1”

‘But today the “affairs from :

“Hoosier Forum’ i

“I do not agree with a word that bat will defend to the death your to say B"

Keep letters 200 words or less on any subject’ with which you are familiar. Some letters used will be edited but content will be pre. served, for here the People Speak in Freedow:

Explains Insurance Rates "By Robert W. Osler; 1142 N. Meridian St. There is a certain amount of doubt in life insurance circles, particularly among field men, that actuaries are people, but I cannot refrain from asking for a little bit of space to defend them. On the validity of the point made in The Times editorial of Dec. 18 about the antiquated

"nature of the base for business indices, I am not

in a position to argue. But if it is as invalid as the remark that insurance statisticians (actu. aries) were “basing rates” on old actuarial “until someone made a fuss aout " then the objection is a shaky one,

8 Lill I E t

*

8 &

‘Fear Bose Harm’ : A:

By C. L. C, Oty.

I know of any number of men and withol

who have gone through untold anxiety think

ing they are cancer victims when they had nothing that resembled cancer. - They had read a great deal about the dread disease and fears had taken root in their minds. Some doctors say it is worth all this anxiety to save one bona fide cancer victim. But I somehow doubt it. Perhaps the public education on the subject could be a little less spec

in my opinion does more harm than good in any situation, 3 Bg * oo @ ‘How Honest Are People?’ By Ruby Uhls, 539 Coffey St. How honest are people? I ask this because

about two weeks ago I lost my purse and as yet

no one has returned it. Among other things it

. contained a black fountain pen which I valued

more dearly than any of the other contents. It also contained about $10, one week's hardearned pay. I say hard-earned because since last September I've been trying to finish high

school. “This is my last year and T also work 48 :

hours a week. ‘The purse contained full identffication, including my name, address, and phone number. No one has returned it. . *

‘Shopping After Christmas’ . By E. R. M.,, City. 5 ‘A young man I know is working out an -plan-for his wife's ‘Christmas present.

He has found out what she wants and has a certain sum of money to invest. But he lacks

~ confidence in his taste and judgment and does not want to shop lest he" select something that

may not quite plea¥e her." He is solving his problem by inclosing the money in an envelope with advertising pictures of a robe; gloves, compact and various other ,things she wants. Thus she will know that he ‘remembers hér wishes and has given thought to her gifts. But he will make sure that Bothuig goes awry with her Shopping for she will be free to do-it for herself af r Christmas Day.

£ TF

Teg

“gating corporate

to, he said,

Another controversial foreign issue: {5-our Germam |

&.* In short; our President is very human— |.

a CONSU MERS’ MONEY ne ..By Earl Richert

: {New Capital Seen

WASHINGTON, Dec. 22— What's happening now, says Donald Montgomery, right-hand man to Auto Union Chief Walter -Reuther, is that consumers rather than investors have become the main source Lf new capital for industrial expansion. * Consumers, he told the congressional subcommittee investi: profits, invest this paying gn p prices for a company's product.”

the-profits made from the prices —

the i finance much of their industrial expansion Instead. ps

of -borrowing -money-or-selling stocks and bonds as they used

__ Businessmen have testified before the committee that they

borrowing money or of getting it by the sale of stock.

companies would pay out more of their profits in dividends out of every $1 of profits as they Tare now. * ‘Costless ital : : HE QUOT Clarence Francis, chairman of General Foods Corp., as having called this use of profits for company expansion “costless dapital.”

“This,” he said, “is a terse way of making the whole thing |

clear. Consumers who have been paying the prices for General

Foods Products which include these capital contributions may:

not share with Mr. Francis the view that it has been costless.” Mr. Montgomery called the use of consumers’ money for expansion “inequity: capital” since consumers do not invest it willingly, but have it taken from them and having invested it they retain no equity in the corporations to which they have donated it. “We submit,” he sald, “that if the present mode of financing Industry is to continue, the government is obligated not only to inquire into, but to have some say about the decisions of corporate management which determine how the public's funds are invested.” » Mr, Montgomery charged that high prices to provide the current ‘hffh profits are pricing many consumers out of the market, resulting in layoffs and curtailed production. He said four large auto companies now were averaging 31 cents-profit-on-every-$i.of. investment. isin : :

Cut Prices or Raise Wages HE SAID that if this return on investment were cut to 8 per cent the companies could either reduce the prices of their automobiles 11.3 per cent or raise the wages of their workers 80 cents an hour, ¢ The scholarly Mr, Montgomery also charged that companies actually had minimized their profits instead of overstating them by old-fashioned accounting systems as Pref. Sumner Slichter of Harvard University and other witnesses have testified.

He sald this was done by setting aside various reserve |

funds out of profits which were. not included in the companies’ statement of profits. ~ “The stockholders get that information, d Won't they?” asked Chairman Ralph Flanders (R. Vt.). i ®t” . replied “the “union

“Yes, spokesman. ey Co. which in 1047 Teportad profits after taxes of $120 million ip addition to setting aside nearly a excessive

it they can understand Mr., Montgomery cited: the case of the as a reserve for

a

capital “unwillingly” by |

“for expansion because “of “the difficulty: of: ASE EAA =. Mr. Montgomery sald this situation would change if the

Side Glances

[COPR, 1948 BY NEA SERVICE, INC. T. M. REG, U. § PAY. OFF,

"George, will you. explain to him why he ought to pray that Santa will be good to the people he doest't like, too?"

Barbs

A New Jersey woman sued for divorce, naming a game of cards as €o-respondent, Apparently she didn't Rack up so well. . ” The the "nas come when dad is pertecty willing to let someone else use the sleeping porch. » n . . » . A Hollywood dancer has had her legs insured for $100,000. That's a nt o pris money!

Hunters often take real good ‘alm and stl mis. Just an

yn. nt Saw.

Scrawls on a telephone pad 1 Ssually mean the operator is

having trouble getting the number, i a . Lots of second-hand cars are sold by one man to another with , indeat depreciations, : ‘a 2

’

most “liberal” position the world had ever seen.

“By Galbraith |

are pelatives—the Hnemployment Frost ~$7T% billion, and- the military

SECURITIES ABROAD . . . By Andrew Tully

WASHINGTON, Dec. 22—Next time you run visitors, be nice to him. You may owe him money. B It's all gilt-edge stuff, of course, ‘but it's a fact that $34 bitiion of Uncle Sam’s record national debt of billion is his to foreigners. This Is because, like all borrowers, we have

nto a Tai

t the people we tap for a loan. All our “|

i ah except the U. S. savings bonds, are for sale to any-

one anywhere with the necessary cash. + creditor is right in the family—the Federal Old

biggest: Age and Survivors Insurance Trust Fund, which holds our 10's for more-than-$8 billion. No. 2 and No. 3 creditors also.

Fund with $7 billion. ? Ortop ull him none. n rmaseted 30. an attractive, pale green office in the Treasury building occupied by Edwin L. Kilby. There are pretty pictures on the walls, "It is a happy office, in which happy girls bustle about busily.

Mr. Kilby himself smiles easily. His 2 indicates he has

a proper appreciation of good food. He, too

Borrow All He Wants

HE SHOULD BE. For, as Commissioner of the Public Debt, Mr, Kilby is the only man in the world who can borrow all the money he wants. J . Mr, Kilby has been in on the borrowing of a couple of hundred billion dollars since he joined the Public Debt Bureau in 1934. He pays annual interest charges of more than $5 billion. The size of the public debt does not keep him awake nights, Instead, he finds exhilaration in the knowledge that this is the only country whose credit is good enough to be $252 billion in debt. In his job as official borrower fér the people of the United States, Mr, Kilby was busy today with a little $571 million deal. Three weeks ago, Secretary of the Snyder announced that holders of 2 .per cent bonds maturing Dec. 15 would be offered in exchange one-year certificates paying 1% per cent. It was Mr. Kilby’s job to alert the Federal Reserve Banks about this offering, have about 70,000 certificates printed in denominations of $1000 to $1 pillion, ad see that the banks get te certificates by the redemption da . U.S. Always Pays Off SOME banks and individuals may want to cash in the bonds. *

If so, that is all right with Mr. Kilby. The U. 8,, he reminds, always pays off.” But most of them probably will take the one

, 1s happy.

year certificates, according to Mr. Kilby, who is proud of the ,

value of his country’s “paper.” Mr. Kilby also 1s proud that no U. 8. bond issue ever has gone begging. There was a, slight scare back in 1031 when market conditions caused an ‘unwonted wariness among ine vestors, but after a little waiting the issue was oversubscribed. Although Mr. Kilby’s major job is to borréw money, he has been known to pay it back. That has happened only once since December, 1030, and, naturally, it was quite a thrill, It happened last year when the U. 8. came up with a whopping $9 billion surplus. Secretary "Snyder told Mr, Kiby he could have $6 billion to distribute among the , and for several months Mr. Kilby had a happy time paying off & little - here and a little there.

TECUTEr. “Fears a" very "gripping thing and

U. S. Owes Foreigners

Trust Fund with more than =

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denied they Hollywood » the. stars. heroine, but F un

New Yorkers phia to have’ # GREATES] Florence Prit ball player, | tional catch,

Vite .Earl E. P

Best Broa ys _ Bank] ves.”

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