Kankakee Valley Post, Volume 2, Number 24, DeMotte, Jasper County, 5 January 1933 — EDITORIAL [ARTICLE]

EDITORIAL

BRIGHT SPOTS ON THE HORIZON The business and financal page of last Saturday’s Chicago Herald and Examiner carried a mighty interesting story about the year 1932 closing with a smile. Stocks and bonds had risen slightly on the market and quite a few industries had shown activity. We get to worrying and talking h^rd times until we think there is no possibility of better times. Then something like that happens and we get a.new breath. But the real prosperity will come fast enough when the farmers start getting better prices for their products. All of this world’s goods must come from the soil. The farmer is the one big producer of all things—crops, business, p 'osperity. And the sooner the world financiers and big business men realize that fact and admit it, the sooner permanent and lasting prosperity will come.

BUY AMERICAN The Hearst newspapers of America are making much ado about the foreign merchandise that today is flooding the American markets. And well they should do it. It would surprise the average • American to note the merchandise that is made in Russia, Japan, Germany and other foreign nations and sold on the counters of American stores at less than the same- ~ merchandise can be produced here. While American laboring men walk the streets in search of work and the American farmer begs hopelessly for a living price ,-for his products, foreign peasant made goods are purchased all over the i land without regard or thought. In the, future whenever making a purchase, insist that the product is American made. You may he helping to give some individual a loaf of bread for his family.

You think times are hard and there is no money in the counttry and business is rotten, etc. Witness this. In the face of all this unemployment, depression and what have you, more than 80,000 people attended the football game in Rose Bowl on New Years Day and saw the Pittsburgh Panthers go down in defeat before the mighty Trojans. Officials had prepared for and estimated that 60,000 would be a large attendance. This figure was passed by more than 20,000. These people probably paid an average of $4.00 per seat for that game. Yes, there is still money in the country and people are still spending it-for things other than necessities of life.

SHANNAHAN IS NEW HEAD OF UTILITIES CO. John N. Shannahan was elected chairman of the Northern Indiana Public Service Company at a meeting of the board of directors held yesterday, succeeding Samuel Insull, Jr., who resigned. Bernard P. Hearon, of Hammond, who is secretary of the company, was also elected treasurer, succeeding George F. Mitchell, who resigned. Mr. Shannahan and Lawrence K. Callahan were elected members of the board of directors, succeeding Mr. Insull, Jr., and John H. Gulick who retired from the board. As a result of these changes Mr. Shannahan becomes the chief executive officer of the Midland United Company and its operating _subsidary companies. v He’ will assume his new duties Tuesday. Mr. Shannahan has had a wide experence in management of electric, gas and railway, pronerf’es in various parts of the country over a period of thirty-three years. For the last five years he "was president of the Omaha and Council Bluffs Street Railway Company. Mr. Shannahan will make his headquarters in Indianapolis and will be in direct charge of the operations of the Midland United group of companies, which are located chiefly in Indiana.