The Indiana Journal, Volume 34, Number 24, Syracuse, Kosciusko County, 14 October 1937 — Page 4

Page Four

Editorial ►► ►

The Indiana Journal Published Every Thursday at Syracuse. Indiana Entered as matter cn May 4th, 1908, at the postoffice at Syracuse, Indiana, under the Act of Congress of March 3rd, 1879 TF jk lndiana jouKal, jnc. F. Allan Weatherholt, Editor The Poor Must Pay OHN T. FLYNN in a syndicated article writes: “One of the gravest indictments of the Congress which has just adjourned is its refusal even to . think about our terrible tax mess. This responsibility belongs to no special party both great parties ran away from the sub- i ject. A politician is morq frightened by taxation than by any other form of menace.” f urther on in his article, Mr. Flynn points to the ridiculous fallacy ot the "soak tne rich policy oi taxation. Tins may oe good ban tor ummormed voters, out as an economic ijossiointy, to quote ivir. riynn again it "is me sauuest oi an illusions: vuring tne last nscai year, Federal, state anti lOcai cooecteu in tne uuucu ovaceo amouiiteu to ii every person wno nau an income Oi <pwo,uvu a year or more, nau oeen taXea to tue limit rvv per ceiiu —collections wouiu nave reaciieu icsS than <p-i,vvv,ovt»,vvv, oiie-thiru ot tue tax loan, anu ix tne government naq connsca<.eu ivu per veuU or me incomes ox an persons Valuing' <p<j,wv a year or more —a suiii which Is ceirminy a xui' cry irom riclies collections w ouiu n a v e reacneu aoout Bxv>Vvv,uuv,wv, more man two pinion less man me amount necessary to pay our extoruuiia.e tax mil. rue taxpayer who provides the bulk ot tax lunus in mis coupviy, wuemer ne miows lx or not, is me itmxa b c oiiiaii-Saiariea wOliver— rue man or wOniaii eoiiiing or v -iu a weciv. niulrect tuA.es are tne pr incipal buppoi l Ox an units ox government. — luaCs . Aymvii are niuueii m tue cost ox xoou, Ciotu’lllg,3 amusements, gasoline, oeauty I pivparatious ana everyming we use. xne xweiitiem uenmry r uiiu iiaS lounu mat a . <i>x,wv wage earner in rxew xora pays qxzm' in taxes, a <p_,uuu salary woraei, <pz.oo, a <fiu,vou a y ear man, <puxc>; ana a sxuv',uvv executive aOOUt ipOUjUVU. we are not now paying anywhere near enough taxes to meeL present government ea penult uies, let alone reuucnig' uui nearly qttv,vvv,vvv,vvo reuelai uept. umy tne poor man can turnisn tne tax money—there arent Enough ncn men, n you take ail they have. We've Gone A Long Way j&QjiIHIS October 12 marks another anni-i versary of Columbus Day — 445! years irom tne uay Christopheri coiumous and ms adventurous voyagers sighted tne western worlq. 4 The United States, as part of that new world, has come a long way since that dis- | covery. Today it stands us tne wealthiest and most democratic nation oi both the old and new world, it is a nation whose citizens have more of the material wealth that makes lor better living and happiness than those of any other nation. mere are many important chapters in Americas history of progressive development. every pnase oi that history is important, but two are ot particular import to every one oi this nation s i3d,cOo,oub citizens. Une is the growth oi our nation under; tne Constitution oi the United btates. The other is the development or America s progressive industrial system. Vv ithout the Constitution as it was drafted by our forefathers, Americans today would not have the freedom oi speech and action that they have found vital to their happiness; without American industry tney would not have those things which make tneir lives more comfortable, healthier and happier. industry provides American workers with the money and. material needs with which so live a fuller lite; the Constitution I protects those possessions. Without either, tne liberty and possessions of which we have so rich a share could not. be preserved for us and our children.

Adversity k Strengthens • ! Farmers Today agricultural market- ; ing cooperation is an. accepted and highly regarded phase Os agricultural life. Yet the farm cooperative movement 1 had a long, hard row to hoe < before it reached its present[ high state of development.

Today's Taxoyram There is one person employed by the Federal government for every 27 families in the United States. To meet the payroll for thos.e 830,000 employees, each average family of five persons must pay a yearly .tax of S4O, it is estimated. The 830,000 Federal employees do not include those in the legislative, judicial or military branches of the government. Measuring Employment BN NOVEMBER the United States government will count the unemployment. It will take a census of those who are employed and those who are still workless through no fault of their 1 own. Into the 31,000,000 of homes in the nation will be brought a postal card, sent by the government, with the request for an answer. There are 14 questions, in all, whose answers will help authorities to talk stock. The heads oi families will* tell how many are dependent upon them. They will put into the record the number who are compelled to work in order to support that family. They will also give the story of workless, tnot>e wno still have no jobs or only part jobs. ' | To those who charge that the present J administration spends its time m creating joos ror tne raitniul, tms census taxing is tne answer ft would have- been a magnincent opportunity to scatter public iunus. tn ract, a itepublican {Senator, when the census was proposed, suggested that oe appropriated lor nouse-to-nouse canvas, instead, nve millions were appropriated and tne whole joo will be conducted by a tie-; publican business man, wno will be assisted oy oniy six clerks from tne Department oi commerce. Tne success of this survey, the attempt to lina out now many workers are idle, now; many might oe employed, now many want worn, win measure not oniy reliei/but perhaps an inuustry. dice toulitea, tne num- 1 ner wno are neeued in any industry or uusiness win oe gaugep, anti" tne worn be uis-j tnuuteu. an answer to these postal cards, when they are delivered to tne aoors of ciLizen.s birouiu oe prompt ana xranx. it may neip vUHgiess. xl muj ncip lixc x resident. me oniy uuiigex to me enterprise is that people win not answer. In some places; partisan prejudice may intenere. but tor all' those wno wish the nation to get on ns 1 iway back, and stay there, these records are 1 [most important. Every aid should be given. 1 ; . — h Birds Os A I Feather SPHERE is an old saying that where mere is smoke there must be tire.! ft is also true that when your rritnus and enemies agree in a judgment; upon you, they are likely to be right. Let s look at tne U. 1.0. with that as a yardstick. ; One day recently, William Greem. Presi- 1 dent of the American Federation of .Labor, said that continued use and defense of the 1 sitdown strike by C. 1.0. sympathizers was "evidence of the communist influence.” j “We know that a large number of; known communists were on the payroll of! the C. 1.0. in organizational work in tne automobile and steel industry strikes,' said! rvir. Green. | And, on the same day here is w r hat Israel Amter, INew York state communist organ-, izer, had to say: Communists in the C. 1.0. have become “extremely influential.” Followed by Earl Browder, general sec-' 'retary oi the communist party in the United; btates, who said: ' *V/e can say we are in harmony with the policies of tne C. 1.0.”

As late as 1917, officials of. farmers’ cooperatives in[ many states were indicted fori conspiracy in restraint oil trade, and it was necessary' lor the Dairymen’s League’ Association of New York to petition the legislature for laws making it legal for ! farmers to organize coopera- ! fives. Not until IPL2 was a' federal law legalizing coop-' eratives passed. And only this [year the state of New York 1 [has passed a law which, in l

.effect, eliminates political 1 dominance of agriculture and i gives farm organizations a (greater opportunity lor service to members and the consuming public. The difficulties attendant on tne growth ot the cooper'atives probably did the movement a great service. In the 'face of obstacles, farmers had to stick together ii they were to get results —and so 'farm marketing cooperatives 'were strengthened.

THE inutAnA JOURNAb

The Indiana Journal

Vcice Os The Hoosier State

THE TRAP . ' ■ ' willing I • "SIGNS OF THE TIMES : By RAY E. SMITH

People give money to the churen, bed cross, x.xVi.C.A., 1 Y.W.U.A., Salvation Army and otner charitable institu--11 on s without grumbling. They know tne good work tne&e organizations do and are giau to support them, but when it comes lo paying tuxes, most people assume a dinerent attitude. Tney be-l tome uenant. now ex er, tax money, too, or a portion oi it, is used in a humanitarian way. ineie are in inuiana today 4u,3<4 persons receiving oiu age assistance, 2,b06 persons receiving ounu assist-! ance and b.yox famines winch are paid lor caring for 2i,i H ueperiuent cnilureu. Io tne anu helpless goes average b-t-Tb a mon tn. faxes snouia oe held to a minimum, oi course, but any wnoiesaie tax reduction would mean, curtailment of this program ox caring tor our xeiiow man. Goveivor Townsend's talent as a sharpshooter maue tne headlines last week. At a 1 trapshoot at Carmel he broke 68 clay pigeons out oi a .possible 75. At another time he hit 60 out oi a possible hundred. Tne Governor has been [ a hunter all his lue. nis favorite sport is hunting quail anu squirrels, ceorge i\e’wbauer, slate insurance com-' imssioner, and tne Governor nave always hunted together on the opening oi the quail 'season. Tney plan to go axter !the elusive birus on iNovember 10 when the season, opens. Assuring reports s that no business collapse is pending despite the recession oi tne ! stock market comes from! t w o authoritive sources. Ralph B. Wilson, vice-presi-dent oi Babson’s Reports, itold the .National business ; Conference that business wnl !be good for two or three years and then there will be i a “good boom” before there I is danger of any decline. Ur. O. M. W. bprague, Harvard i University professor ot banking and finance, told the con-' j ference practically the same i thing. He said business neecb | — 2_

; TA? Me Weekly I i ‘M CONSTITUTIONAL millHß ... BERNS ■ ■ J

-i The Power of the People ' Why does our Constitution male I the people the supreme authority C and what protection does it pro- - vide so that “we .he people” may' - keep our supremacy? J “I know no safe depository of j the ultimate powers of society but ? fte. PEOPLE U»emse«ves,” said ) Thmpas Jeft’eYson long after comS piecing his term as president. “My I pei4hia| interest in such gues-j r'■ ■ '

—. . _ . . . . 11 not fear a serious inflation in the United btates in tne near future. These two men are experts in lorecasting bust-! ness conditions. When some- i body tries to tell you that another depression is due, use the statements of Wnson and bprague tor an answer. f —• ■ IChapter of the Woman’s Christian Temperance Union are passing resolutions asking that beer be abolished at tne state fair. The Anti-, baioon League Qias also launched a campaign against sale of beer at tne v exhibition, ft is uouotiul if the indianaj Doaru oi Agricultural will taxe any action. Here is why. The state fair belongs, to tne 1 people of inuiana. In 1933 the 1 people voted for a return oi oeer and distilled liquors. Tne* board, and ngntiuiiy so, be- ; lieves it is following the wish i oi the majority oy permitting sale oi oeer at tne lair saiu 1 he saw only one drunk man. ms .breath revealed tnat beer \yas not responsible for his condition. W nen beer was not sold at the fair, urunks were cornmon and boot-leggers did a flourishing business, this ■ official added. \ When the panic was raging, residents oi eight inuiana 1 cities and towns who held'; many thousands of dollars of 1 securities in the Brown Com- , pany of Berlin,- IN. H. sawr their value dwindle to noth- ; ing. They never expected to J realize a cent on the investment. But since the auminis- , tration of President Koo c j velt, the financial picture has changed, 'lhe $75,600,000 rayon pulp and paper producer—, largest in New England—is ' back on its feet. It has filed a plan in federal court proposing not only to pay all back interest on its bonds,] but interest on interest too.This means that each hoi de? of a $1,060 bond will receive! about $145 in cash as soon asi the reorganization plan is approved. Increasing the nations wealth by reviving de-; funct businesses like the Brown Company is how Uncle Sam is going to be able' to the national debt. ,

[lions is entirely extinct, but. not' my wishes for the longest possible i continuance of our government on' its pure;principles. “If the three powers, Congress, the President and the Supreme vourt, as provided in Articles I, 11, and 111 ot our Constitution! maintain their mutual independ-[ ence of each other, it may lastj [long, but not so if either can as-j the authorities of the other.”!

Foes Silent About Banks i; /'' Enemies of President Roosevelt attempt to make the people 'forget the conditions* he found in 1933 when he entered the presidency. They attack his housing plan, his wage and hours bill, his WPA project as spending too much money and throwing the nation into bankruptcy." But they carefully avoid any reference to the Federal Deposit Insurance Corporation which was one of the first acts passed under his administration and under which all the money of people, deposit in banks, is again safe. That measure restored the faith and confidence of people in banks, and justly so, for it guarantees deposits up to $5,060. Even the qnost rabid fees fail to mention this achievement when they lambast the administration and the achievements of hi& administration. In the decade between 1921 and 1930, 7,000 banks closed their doors in the United btates, their depositors taking heavy losses. More tnan LvOO moie taued during lb3i, ! 1932 and up the bank holi!uay in 1933. The loss can be estimated by the fact that deposits in these closed banks was over five billions of dollars. I Indiana had her share in this collapse ox credit and ft still remembers the tragic loss of savings, ft recalls tne uays wnen they looked to banks for their money and found doors lock-* ed. : A week or so ago, a large bank' in Brooklyn railed, it was so unusual an event as to arrouse some interest. Hut, 'tnere was none of the hysteria and heart breaks tnat had accompanied former failures. There were no long lines ot waning depositors. There was none of tne sorrow tnat came to men and women who round their lue savings lost lorever. | instead the Federal Deposit Insurance company oi wnicn tne oanx as a member, took cnarge. it promptly paid all deposits oi 83,006 anu under, not over, that amount. ' When you hear noose veil assailed on every hand, it may oe well to remember tnat tne enemies of tne president rail to make mention of tms outstanding acnieveinent. Tames irom bank iaiiures no not happen under tne iNew Deal. Has Regulations j Gone 1 o Far? The values of listed stocks have just registered one oi the sharpest and most suuden ueclmes in several jears. Inis panicky condition was ostensibly uue to European and Oriental war scares. But, as financial experts nave pomteu out, the vonapse in values iwas augmented oy our present excessively ingh margin requirements m comomation iwixn wnat many experts be-1 .neve to oe dangerously sxrmgent ana innexime regulation ox me country s security e.\cuanges. 1 Tne New York Herald Tribune oi beptemoer o sajs: j' enuer present conditions, a ■buyer ox securities on margin • must deposit witn his broker an amount equal to bo per cent ox tne amount involve,, m me purenase. Tins amoum oi margin is iar in excess Ox jwnat was considered conservative in iormer years, anu n lis aiso relatively more man | a purchaser nas to put up in oujing rear esvate or personal oeiongrogs. me requuv!ment has uiscouragen tne type ox olu line Hauer who couiu oe counted upon to my Iwnen stocks ueciiueu to wnat ;tney considered oargam lev,eis. it has oven the complaint oi btocx Lxenahge omciais anu omers mat mis requirement, aiong with otner regulatory practices, nas created a turn marker, wuich ‘couiu not aoso.ro more tnan a mou[erate auxonni oi seinng wimlouc oreaamg disastrously. 1 As an ordinary thing, war;

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Sharing The Profits i . ! Despite the warnings of! fear and disaster which the * Economic Royalists uttered; when the Social Security law! was passed; when the people! were warned that it was tak-' iing too much money ; from employers; wherr they I said that it could not work or ]be afforded, now comes the International Harvester Company with its announcement that it will share its year’s profits with its workers. This year it will spend $4,400,000 among its 65,000 employes who have worked for; • three or more years. It has appropriated its por-> ition of the national fund, the state funds, the old age pen-! sions, and °has appropriated an additional $2,500,000 for its own modified pension plan, it encourages savings by making additional contributions to all savings maue by its workers. They become, in a sense, partners in the in-! dustry. The Harvester company is but one oi many industries! who have found prosperity in the past two years, it nasi come out of tne depression! with additional lactones and more workers. It found that the farmers are able to buy , their products and use them. it has discovered that increas-,. ed purchasing power is the' real measure of? security. It would be rather difficult for any one to tell the stockholders or the workers of ( that company that the New] Deal is threatening all in-; dustry and all business. They] would turn away from any appeal to defeat and stop the; New Deal in its program for' more and more of the pros- 1 penty that comes through a better distribution of wealth. , The difference between now and the dark years of 1932 is too great to be ignor-, ed, and too recent to be for-’ gotten., The Harvester Com- ! pany officials'have enlisted a new army of 65,000 people who have tangible evidence ] of what better business has meant to them. They will re-i ceive checks on Oct. 31. scares can be. more or less taken in striae without ser-, ibusly disturbing- the listed’ values bi American securities. When England abandoned gold m 1931 —an inhniteiy more serious circumstance tnan a mere war scare so far; as finance is concerned—the ! stock market behaved much 1 ( better. In those days operations on the market w’ere not unnecessarily circumscribed by undeviatmg laws. The recent drop in values indicates tnat it, a real crisis were reached—such as the actual declaration of war in Europe —there would probably be a disastrous collapse in the

\ ArU ' \X I Oftentimes, when lam dreaming 1 In the twilight’s gentle glow, \ And my thoughts .make little journeys |* ’ f Back to scenes I used to know, 1 pM A Then I meet, in wistful fancy, | Many friends of other days— > . Friends whom I have lost forever ? O n lite’s l° n S’ divergent ways. kWcr t • xy J Oh, how joyfully I greet them, . / .0; >/ In these dreams that can’t come true; * wYK And how eagerly I picture _ Xsx All the things we used to do! Xw Yes, the memories awakened W-Mr By the names that come to mind > Fill this twilight hour with longing 1 For the friends I’ll never find. JL-. , A. VW And it brings a pang of heartache When l drearily recall That I could have saved so many ' & those friendships, after all— ? xt, That, if I had been more faithful } To the friends of long ago, ’t They might »qw be here beside me t the twilight’s lonely glow. * !

— i ir —---a T'j-rra THE LOW DOWN —from HICKORY GROVE j THE LOWN FROM HICK) i We been takin’ a little trip, and. i this time we got. out there into j Oregon and saw some of that ! burned rock and lava down there around Bend. And then we headed for the Pacific, and on the way over stretched our stomachs on McMinnville melons, before aniblin, down into sunny Cal. And the redwood trees you see there, they are the oldest living thing in the world Gthat is what Mrs. Jo read about ’em. I ; And it was a tine trip, and it j didn’t cost one-half as nlucn as if ! ypu was to put your time around some night club, and feel like a |sueker the pext day. And anybody who has not been out there, they better start savin’ * up on one of these plans where you put so much a moAth in the bank for a travel or Christmas fund. And we have seen politicians, here and there, pointin’ a finger and growlin’ at the bankers, but if we was to just depend on the big talkers for our trips— ’ and had no savings plans or j banks—we would not get far off ! our front porch. Yours, with the low down, * JO SERRA j prices sos American stocks and bonds and the law would actually prevent traders from M aosoroing heavy selling so as to reauce the damage to , values to a minimum. i We have reached, a point I where it becomes apparent J tnat law, by going to ex- ■ i tremes, can deieat its own i purpose—the .protection of j the investing public. It will be fortunate it the lessons to ! be gained irom these recent i events are studied by Uon--1 gress as a guide to revision of security regulations an d I otner laws and regulations ' which tend to freeze investments and dissipate savings. Cotton Stockings Are Back in boycott I Needham, Mass., Oct. 14.—It’s cotton stockings starting today for 350 women members of the' New Century Club, as a boycott* against Japanese - made goods. ! Mrs. Milton E. MacGregor, club president, announced not a silk or rayon stocking would be worn or purchased because of the difficulty in identifying hose made in Nippon from those made elsewhere.