Newspaper Page Text
Now What Excuse Does Prof
Suppose Senior Will Use?
The reason he didn’t have his
theme, explained Fred Lemmer, Uni¬
versity of Minnesota senior, was be¬
cause his typewriter broke down.
There had been other alibis, recalled
l*rof. Edward Weaver. “The next
time,” he supposed, "I suppose you’ll
tell me your house burned down.”
Without his theme the next time,
Lemmer said: “Sorry, professor’.
M.v house burned down.” it did, too,
firemen affirmed.
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SEEN and HEAR
around the
NATIONAL CAPITAL
By Carter Field
FAMOUS WASHINGTON CORRESPONDENT
Washington.—Most of the efforts of
the bigwigs of the United States
Chamber of Commerce were devoted at
the annual meeting to soft pedaling
the firebrands. Probably 90 per cent
of the business men in attendance
were breathing fire and brimstone pri¬
vately against the New Deal and all
Its works. They were bitter against the
principles underlying the new tax bill,
redheaded about the seizure of private
telegrams by the Black committee,
vociferous against government own¬
ership of utilities and government com¬
petition with private industry, and
alarmed about the trend indicated by
the national labor, relations board. In
fact, they didn’t like the New Deal.
Some of them had a few kind words
about tlie reciprocal trade agreements,
but they were not even united about
that.
P>ut—their leaders did not want the
“convention” to resolve itself into an
anti-New Deal camp-meeting. So they
put a quietus on the would-be anti
Uoosevelt shouters. It was not entirely
successful. Every now and then some
fire-eater would get over a short speech
In tune with the real frame of mind of
the business men present. But not too
often.
The answer to which is highly inter¬
esting. With the exception of a few of
the more optimistic, most of the dele¬
gates were afraid President Roosevelt
would be re-elected, despite what they
believe to be the almost unanimous op¬
position of business. Not necessarily
big business. As a matter of fact, the
United States Chamber of Commerce
Is far from being just big business. In¬
deed there has been more than a sus¬
picion, from time to time, that what Is
meant when the average man speaks
of big business is just a little snooty
about the chamber, rt is even said
that J. P. Morgan does not worry about
what the chamber will do, and is not
even Interested.
Hurts Little Business
But the average business man of suf¬
ficient stature to attend a chamber
meeting does not like the things the
New Deal is doing to business, big and
little. In fact, he thinks it is doing
more to hurt little business than big
business—despite constant repetition of
the Idea that the administration’s pet
economic idea is the drive against big¬
ness.
Which makes the silencing of the
more violent critics at the meeting ail
the more interesting—interesting be¬
cause of the conviction of so many of
them that as the cards are now
stacked, Roosevelt may be re-elected.
That would mean four move vents of
the same, as they see It, and they do
not want to put themselves in the posi¬
tion of mice sussing the cat. Maybe
the cat will get tired of playing with
them and let them go before all the
life is choked out.
But—not if they make the cat real
mad.
Some Interesting stories of the trou¬
bles some of them had been put to al¬
ready by bureau of internal revenue
men pawing over (heir old tax returns
were told at this meeting. The stories
had a quieting influence. They played
right into the hands of the leaders
Seeking to hush too violent open criti¬
cism of the administration.
Some of tlie more optimistic promise
that when tlie Cleveland and Philadel¬
phia conventions are over, when the
two platforms have been written and
the candidate of tlie Republicans Is
-named, tilings may take a different
turn.
But at tlie present moment there is
no discounting their pessimism.
Hit Short Sellers
Within a few days tlie securities
commission is going to crack down on
short sellers, plugging an obvious—to
the trade—loophole which curiously
enough had entirely escaped the New
Dealers until now. This is to increase
the margin requirements on short
sales. To buy shares of stock on the
market under the securities commis¬
sion ruling tlie speculator has been re¬
quired to put up 5b per cent of the
value. But to sell the same stock
he has been required to put up only 10
per cent.
This is one of the reasons, It is be¬
lieved here, for the heavy decline in
American Telephone recently, which
has caused considerable embarrassment
here, as many fair sized holders of this
stock are very loyal Roosevelt men—
some of them of tlie “For Roosevelt
Before Chicago” variety so highly es¬
teemed by Jim Farley.
Another important reason for the
decline of this stock is the proposal .to
tax intercorporate dividends. Experts
on the subject believe the American
Telephone company would have a very
difficult time simplifying its corporate
Structure. Tf it could absorb the New
England Bell, New York Bell, Chesa¬
peake and Potomac, Southern Pacific,
and all the other operating companies
in which it owns practically all the
stock, and put them into one big cor¬
poration. that would avoid much of the
tax problem as it stands in the hill
passed by the house. Of course It
would he necessary for the company
to Include also in such a merger the
Western Electric and other subsidiaries.
But there are serious objections to
doing this. Among other things, It
would make much more difficult and
delicate the matter of local relations.
Officials of the local operating com¬
CLEVELAND COURIER
r
23955 , ‘
£—
panies are treated with much more
consideration in the territory in which
they operate than they would be If
they were mere employees of the big
company. In fact, the difference here
is difficult to exaggerate. It would
arouse on entirely different feeling to¬
ward the local companies on the part
of the customers, the public generally,
and the city councils and legislatures.
Onerous Alternative
Yet the alternative—paying taxes on
the dividends of tlie subsidiary com¬
panies—would be very onerous, indeed,
and there is not too much hope that
tlie senate, in rewriting the tax bill,
will eliminate this intercompany divi¬
dend tax. In fact, the Idea is very
dear to President Roosevelt's heart. It
might be termed Ids pet Idea No. 2 In
tlie whole tax measure, No. 1 being get
ting tiie camel’s nose under tlie edge of
tlie tent in tlie drive against bigness.
What tiie pro-New L>eal stockholders
in Telephone who have been squealing
about the communications commission
probe want to know now is what pub¬
lic purpose is served by putting th*
company to the necessity of revamping
its corporate structure. What they hope
for is an amendment, which would put
all utilities in a separate classification,
just as the railroads anil banks are
put in a separate classification in the
house tax bill.
Tlie railroads simply must be re¬
lieved of this intercompany tax plan,
they point out, because in many in¬
stances they are prevented by laws
and leases, as well as other difficulties,
from simplifying their corporate struc¬
tures. For example, the Pennsylvania
Railroad company operates the North¬
ern Central Railroad company on a 999
year lease, bound about by all sorts
of legal restrictions. Yet this subsid¬
iary owns outright tlie line connecting
Baltimore with Harrisburg and then
going up into New York state. There
are other difficulties In tlie ease of
the Philadelphia, Baltimore and Wash
ington company, also virtually owned
hv the Pennsylvania. These two lines
pay quite a sizable fraction of the
Pennsylvania’s entire net income!
Fear Repercussions
Department of Agriculture officials
are just a little nervous over possible
repercussions from President Roose¬
velt’s speech in New York. Especially
tiie President’s laying so much stress
on tiie community of interests between
tiie garment workers in New York and
the farmers who produce, the food of.
tiie nation. And his statement that if
the people of New York city alone
could buy all tiie food they wanted, it
would require three million more acres
of good land to supply their needs.
For, as agriculture officials sadly
point out—very privately of course—
Americans bought foreign agricultural
products which, had they been grown
in the United States, would have taken
a lot more than three million addition¬
al acres to produce.
Brushing aside such products as cof¬
fee, cocoa beans, tapioca, sago and ar¬
rowroot, imports of ail of which in¬
creased, but which are not produced
commercially in tlie United States,
there were imports of foreign food¬
stuffs which could very easily have
been produced in this country, thus
providing buying power for tlie
products of American Industry, and
achieving tlie very sort of solidarity on
which tin President laid so much stress,
For instance, in 1935 this country
imported 38,870,000 bushels of wheat,
4:1,242,000 bushels of corn, :!.'i9,000 tons
of wheat by-product feeds, 320,623,000
pounds of barley malt, 378.000 head of
cattle. 245,851,000 pounds of tallow,
22,675,000 pounds of butter, and quan¬
tities of foreign produced fats and
oils greater than ever before in history!
Just to give an idea of tiie increase,
1935 butter imports exceeded those of
the previous year by 1,948 per cent—
exceeded (he five-year average by 1,413
per cent!
Blame AAA Program
Part of all tiiis flood of food and
feed imports, of course, was due to ihe
drouth. But by far the major portion
was due to tlie AAA program. It was
right down the very alley the President
was talking about—keeping prices up.
Department of Agriculture officials. In
their private explanations, say that
while the drouth upset their plans,
there is also tlie inescapable fact that
they overdid curtailment even hail
there been no drouth.
On one point the agriculture officials
are adamant. They do nor admit that
they overdid tlie cotton curtailment
part of tlie program, hut there are
plenty of outside experts who admit it
for them.
As a matter of fact, there are sena¬
tors and representatives from the cot¬
ton producing states who are extreme¬
ly worried about ttie whole cotton sit¬
uation. They are not talking about it
in public, for it would not he popular
hack home.
In the year just past Secretary of
Commerce Daniel C. Roper, himself a
South Carolinian, has had some ap¬
parent justification for ids contention
during tlie last three years that Brazil
is not really a menace. For Brazil lias
had a crop failure. But fanners do not
discontinue growing a crop out of
which they have been making money
for several years Just because they nave
one crop failure.
Copyrtpht —WNU Service.
Uncommon
Sense B i John BlaVe
©. Bell Syndicate—WNU Service
When today we speak of a pioneer
we have in mind a man with a long
rifle and a coon skin
New cap who makes kls
Pioneers livelihood by discov¬
ering new rivers and
brings back from his wanderings the
skins of beavers and badgers and
muskrats.
Today the pioneers have disap¬
peared from tlie backwoods. One of
ttie reasons for tills is flint there aren’t
any more backwoods, another Is that
pelts are scarce south of the Canadian
line, and it hardly pays to gather
them.
Tiie pioneers of today are scientists
and engineers and chemists.
They explore, not the woods, but fields
j which for many years were never
opened.
It is they who build ships that fly
through the air at hundreds of miles
an hour, and who are building locomo¬
tives that speed almost a quarter as
I fast as that.
It is they who create useful fabrics
which a few years ago were wholly
unknown, Dut which now have become
necessities to the practice of ninny of
the moderu arts.
* * •
Many of these pioneers are physi¬
cians and surgeons, who by their skill
can save lives which a few years ago
would certainly have been lost, and
who can restore to strength and activ¬
ity victims of injuries whose cases
would in 1920 have been given up as
hopeless.
Every year colleges and technical
schools are turning out men who will
become pioneers in industry of all
kinds, and whose labors may work
revolutions in many directions.
There will come a time, I am con¬
vinced, when these men will, by com¬
plete utilization of tlie water powers
of tlie country, do away with coal us
used as fuel—though they may contin¬
ually utilize tlie coal for dyes and other
products needed by chemistry.
* * +
Elemental gases never known be¬
fore are widely employed.
Helium, long unknown, now bears
dirigibles through the air, arid will
prove indispensable in time of war.
Here is u pioneering which need not
destroy trees or sweep wild creatures out
ul Us way. which has discovered and de¬
veloped forces heretofore utterly un¬
known, and which rapidly, by leaps and
bounds, is supplying to mankind treas¬
ures of the earth never before suspected.
What it may accomplish in tlie fu¬
ture we today have not even a guess.
But certainly it will carry on its
program of research atld continue as
llie days go by to lighten tlie world’s
burdens, and to supply man with a
leisure which lie can employ vastly to
his own advantage.
* • *
1 am beginning to wonder what tiie
people of this country do with the
time Hint they save.
Time and Travel across the
Distance American continent,
and if you keep an
eye out of tlie car window you will
constantly see gangs of men hard at
work reducing curves, building tun¬
nels and in other ways shortening tlie
time required to move trains from one
place to another.
Tiie streamlined type of train inis
farther decreased tlie time of travel
from const to const.
Meanwhile men have become air
I minded, and the journey from New
j York to San Francisco or Los Angeles,
i which used to require months in the
) old ox cart times can be made in a few
i hours.
' * * *
Transcontinental journeys have be¬
come a. matter of a few days.
But what does tlie man who, after
leaving New York, suddenly finds him¬
self set down across the buy in San
Francisco do with tiie time lie has
saved?
As a rule, nothing important.
He talks to his friends about the
amazing speed with which he covered
tlie continent; perhaps lie sells a hill
of goods, tDon goes out to soe the
seals, or takes a trip up to tlie top
of Mount Tamalpais.
But has he gained anything by the
rapidity of his journey? I doubt it.
It seems to me that if we would
eliminate all the mad rush to get to
places in the least possible time, we
would gain much more pleasure and
Instruction.
* * *
1 do not think we ought to devote
quite as much time to a transatlantic
journey as Columbus did on his, hut
I do believe that if we took time out
now and then to look around, and get
acquainted with tiie people we meet
in distant sections of the country If
would lie better for us all.
A child can make a trip to his local
Main street and hack, and get all manner
of interest and instruction out of it.
Men and women who travel merely
for pleasure have no end of fun.
But it has been my experience in
cross-continental travel that most of
those who engage in it are far more
interested in just “getting there” than
they are by what they see and hear
and experience on their way.
I do not advocate the “hack in your
own hack yard” method of spending a
life time.
But even that is better,than dashing
madly here and there so that we aft
reward ran brag of the brief time we
•onsumed.
Divided Skirt and Shorts Combination
That Equips the Young Lady for Sports
JMTTEHX XO. 1X75-1!
You know yourself tlint half the
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whet) a model such as illustrated is
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Tlie divided skirt is suitable for
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the sports pocket, Refer Ran collar.
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Instetvd of tiie divided skirt, you
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available, in sizes 12. 14. "6, 18 amt
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30, 32. 34, 36 and 38. Size 16 CM)
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For slidYts only, 8'/ 2 yards is required!
Send 15 cents for tlie pattern.
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, © Bell Syndicate.—WNU Service.
The New Order
Josha.way Crabtree says: “They
used to call gold-diggers ‘Forty
niners.*- Today they are perfect
i ’Thirty-sixes.’ ”
Then It Started
"You’re getting tired of -me. You.
never ■.calf me ‘dear’ as -other me*
do.”
“A ah ! Do they?”
He Forgot
Tlie’ Spectator—I can’t understand
anyone missing a putt as siiorf as
Unit. ,
The Golfer—Let me remind vos
that tlie hole is only four and a quar¬
ter Inches across, and there is fht
whole bloomin’ world outside it.—
Exchange:
Mother Knows
“Mamma.” said little Mary Loti, “t»
i there are any men up in heaven why
; is it that we never see pictures- of
angels with whiskers?”
“Well,” replied her mother, thought¬
fully,. “1 guess it's because most nw«
get there only by a close shave.”
Piling Up
Johnny—I'm glad I won't be living
a thousand years from now.
Bobbie—Why?
Johtjpy—Just think of all tiie hist
tory there’ll be to study by that
time.