The Bismarck Tribune Newspaper, May 23, 1935, Page 2

RADICAL SENTIMENT WORRIES ECONOMIST AS TRIP 1S ENDED Babson Changes Opinions Af- ter Consultation With Day- Coach Passengers Editor's Note: ‘Though not a subscriber to the financial advisory service of Roger W. Babson, noted econo- mist, The Tribune prints his ob- servations summing up condi- tions noted on a nation-wide tour because it is of peculiar inter- est. In recent months Babson’s wervice has severely condemned the policy being followed at Washington. Now he recants, at least in part, calls on busi- ness to meet the unemployment problem as the only practicable means of insuring recovery, and the maintenance of our present institutions. By ROGER W. BABSON Almost every place which I visited during my recent trip across the country and back reports better busi- ness conditions. Retailers especially are optimistic. If retailers sell more goods then more people must be em- Ployed to produce goods. Hence ris- ing retail trade is very important. How much of this is due to a natural increase in business and how much to government expenditures is an- other question. I believe that what- ever the reason for the improvement, it should continue for two or three Upon this, all with whom I talked are agreed. As to what will happen after the government has used up its “dope,” is another question. I want to dis- cuss the above in this final story of my trip. Frankly, I am very much disturbed by the soclalistic senti- ments which I found almost every- where. Radicalism is growing every- where. Bankers, manufactusers, and merchants who associate only with their own class, have no idea of what the masses are thinking. Every af- ternoon I left my Pullman drawing room and spent three hours talking with the day coach passengers. lum” for the crash of the gi sons near Moscow. The hi ace” of the air below gives an id plan which could be put into force immediately. Must Abandon Selfishness We are all so selfish that we view tion. Hence, we have the farm bloc, the labor bloc, the “‘big” business bloc, the veteran bloc, and other blocs. All these groups are pulling and hauling against one another. If this selfish- ness continues, either chaos or fascism is inevitable. Of course, the real trouble is that we advanced too ‘There is where you find out what the people think of our capitalistic sys- tem. The fact is that they are fast losing faith in it. People Are Rebellious ‘The people of our cities are not going to see their families starve while the government is destroying food to bring about higher prices. I was raised in @ conservative family and my living has always come from the capitalistic group. My sympa- thies, therefore, are conservative. So when I left sunny Florida I was op- posed to extravagant expenditures. But I have returned home more sympathetic with President Rdose- velt’s ram. I now be- lieve we must either continue to feed and clothe those unfortunates who are unable to help themselves or else witness something far worse. Roose- velt may be capital’s best friend. ‘The future depends upon what will happen to unemployment after gov- ernment aid lets down. Sometime government aid must stop. It can- not keep up forever at the present rate. In order, however, for busi- ness to take up the surplus of un- employed, the government must stop cracking down on business. The gov- ernment’s persecution of the utilities, for instance, is one of the greatest causes of unemployment today. No one wil] invest money in new build- ings or other enterprises so long as investors are being robbed by high ‘taxes, unreasonable union labor in- terference and especially by govern- ment competition. The protection of legitimate investments must be a part of @ successful recovery program. Resources Are Impressive This is too fine a country to let it be smashed on the rocks of radicalism and revolution. I have been im- pressed, as never before, by our great Tesources;—our farms overflowing with food; our forests and mines full of ns materials; our up-to-date Prepared to meet every imaginabte want; our wonderful highway, railroad, water telephone, electric power, oil, and other systems. Most important of all, we have more happy homes than any other nation in the world. It is a crime for radi- cals to preach destructive doctrines. But we must not blindly stick our heads in the sand. Pernicious doc- trines are being taught everywhere and the masses are fast being con- verted to them. Upon my return home my one thought is that those of us who have ‘ny property or securities should stop the government and make our first job the elimination of un- ‘wagon used seventy-five years ago for the plains. On it was paint- ag words: “Pike's Peak or Say to employers reading that we should paint on our trucks the words: “! te it or We Bust!” The failed but its failure was fast materially and now need to catch up spiritually. I think that this is generally being recognized at last and it is the one ray of hope which I bring home from my trip. Therefore, I wish that President Roosevelt would have a talk with the employers of the country and say in substance: “Unemployment is your problem, not mine, If you will,| through a drafting board system similar to that which we used in the war, apportion among yourselves the jobless and put them back to work, I will do two things you want me to do. . First, I will balance the budget and stabilize the dollar; and second, I will assure you against government ‘competition and thereby protect both your workers and your security holders.” Mr. President, please give us ofe€ more chance to work this problem out on a sane humanitarian basis! This week my statistics show that business is strengthening, although activity, as measured by the Babson chart, is 5 per cent below last May and 22 per cent below normal, (Copyright 1935, Publishers Financial Bureau) FORD RESTORES $6 WAGE Detroit, May 23.—()—The $6 a day um wage Henry Ford set up for his workers during the 10 years before the 1929 business depression was restored to the pay envelopes of his 126,000 employes Wednesday. The $6 scale will benefit all employes of the Ford interests now receiving the minimum of $5 a day. THE BISMARCK TRIBUNE, THURSDAY, MAY-23, 1985. ‘HOODLUM’ BLAMED FOR CRASH OF GIANT AIRPLANE ENGLAND LAUNCHES: |f AIR DEFENSE PLAN: Nation Will Train, 2,500 Addi- tional’ Pilots, Increase Planes to 1,500 London, May 23—(?)—The air ministry opened an enlarged recruit- ing station for the royal air force in downtown London Thursday as Great Britain pushed her program to meet Germany's challenge with a three- fold expansion of her home defense air strength. The ministry announced it was tak- ig “most vigorous steps” to keep abreast of the air force expansion plans. Ten other recruiting stations are to be established in other parts of Eng- land and in Scotland, Ulster and ‘Wales, Great Britain drafted her famous wartime aviation production chief to take charge of the expanded aerial THOMAS G JOHNSON Thomas G. Johnson, formerly of will take an active part in the state convention of the Order of Eastern Star, meeting next month in Grand Forks. if ‘Additional Sports ] Lord Weir, industrial wind ‘who achieved tremendous success in the latter days of the world war in in- creasing the nation’s output of air- craft, was chosen to perform a sim- ilar task in the new emergency. In his new role Weir will be called on to direct s program which con- J for the Irish and the other in a tie. Coach Bernie Bierman, Dr. L. tons, two of which ended in victories |ship, scholarship was the basis for the selection. and project work Cooke, assistant athletic director ‘and| The number of ruffled grouse in ative, left Wednesday night for Ann| than a decade ago- Arbor where the spring Big Ten con- ference is to be held, at which west- ern conference football schedule prob- ably will be considered. Nine track men left for Ann Arbor for the Big Ten meet. Chuck Klein May Be Sold by Cubs Soon Chicago, May 23.—(#)—Don't be surprised if you pick up your fav- orite sports section one of these rainy days and learn that Charles Herbert “Chuck” Klein has gone back to his land of milk, honey and home runs—the Philadelphia National ball park. Or, possibly, he may go to the New York Giants, who play their home games at the Polo Grounds where Chuck’s favorite target, the right field wall, is only 257% feet away from home plate. That Klein may be traded or sold ‘by the Chicago Cubs was learned on good authority Thursday. NAMED ‘STATE FARMER’ Richard Bock, New England, was among 10 North Dakotans who were, honored with the title of “State Farmer” by election of delegates to the Future Farmers of America con- ses how much oot Dae pir : tae save! went Bismarck Greyhound Depot Broadway at Seventh Phone 502 G nO! LAND OUND templates a three-fold expansion in Great Britain’s first line home defense force by March 31, 1937, The goal set by the government in the time allotted is 1,500 home defense planes, compared with the 580 now in service. It also is planned to train 2,500 additional pilots and increase the Gopher-Irish Elevens Will Meet in 1937-38 Minneapolis, May 22—(?)—The University of Minnesota and Notre Dame late Wednesday signed for a two-game, home-and-home football Soviet officials, saying their alr program would continue with greater Intensity, blamed an air “hood- t Maxim Gorky, world’s largest land plane, which caused the deaths of 49 per. ple flanked by smailer planes, is shown above in flight. A closeup of the “pal- of its size. (Associated Press Photos) ‘© |Traill, Grand Forks and Ward coun- ties, personnel of the royal air force by|series in 1937 and 1938, Frank G. Mc- 22,500, The air defense arm at pres-|Cormick, Gopher ent has approximately 33,000 men,/announced. including 3,000 pilots. ‘The first game is scheduled for Lord Londonderry, secretary of|Minneapolis October 30, 1937, and the state for air, informed the house of |second is to be played at South Bend, lords that “under no circumstances|Ind., Oct. 29, 1938. The agreement the nation only from our own situa-|@ | Shortage of Babies | For Adoption Noted ‘There is a shortage of babies suitable for adoption in North Dakota, Miss Margaret Fulton MacGunigal, director of the state chidren’s bureau said Thursday. Miss MacGunigal explained that of the number of children in the various institutions of the state, many are not suitable for adoption, resulting in the short- age. Approximately 80 per cent of the demand for adoptive children can be met, she said. A recent in- crease in the demand for chil- dren for adoption has been noted, she said, A total of 139 children were adopted during the last two years, she said, while 367 were placed in homes, with adoption incomplete, One of the most perplexing Problems faced by the bureau, Miss MacGunigal said, is the failure of some agencies and per- sons to notify the state board of administration of an adoption, as required by law. Failure to notify the board, she said, might result in ques- tioning of. the legal status of a child so adopted. She estimated the number of placements in homes which are unrecorded in any manner at approximately 50 per year, Tax Officials Called In Power Firm’s Suit Officials of the state tax commis- sioner’s office were absent Thursday as a result of the Northern States Power company’s suit for reduction of |eapol! taxes, in federal court at Fargo. The power firm is fighting assess- ment of $144,232 in taxes for 1933 and 1934, Property involved is in Cass, Subpoenaed to the court hearing were Commissioner Lee Nichols, J. J. | Weeks, legal counsel for the depart- ment; H. J. Roberts, statistician, E. L. Kapfer, corporation clerk, and.Ella Olson, stenographer who kept the transcript of equalization board meet- ings. R. R. Smith, head of the retail sales tax department, also was in Fargo, on business for his depart- ment, Sub-Committees Are Named by Tax Group Seven sub-committees which will work on separate problems of taxa- tion, were appointed Thursday by the state interim tax survey commission. Members of the commission will meet again June 13 at Bismarck fol- lowing a meeting of the State Tax- Payers association the preceding day at Mandan. Appointed to the sub-committees were: Education, penal and charitable institutions, H. O. Saxvik and State Senator John K. Brostuen; highways and highway legislation, John Conrail and W. W. Felson; tax collections, John Sullivan, Saxvik; levies and as- sessments, Brostuen and Represent- ative R. R. Scholl; state departments, Representative W. J. Godwin and Conrad; fairs and special taxes, God- win and Scholl; cities and municipal- ities, Felson and Sullivan, Gall Stone Colic Avoid operations, if possible, Treat the cause in a ible, painless, in. expensive way at home. Write Hom Drug 18-B No, Fourth St., Min- = for a recognized ractic! 's prescription on liver and gait bladder trouble. Get literature on treatment which has pean os sradfy ing. results for 30 under money back guar- Here Clip this out now.—Adv. would Britain accept ... inferiority ,| to Germany.’ Meanwhile, the government studied means of meeting the conciliatory -jgestures of Reichsfuehrer Hitler’s foreign policy speech. OAKES HOST TO ELKS Oakes, N. D., May 23.—(#)—Several hundred Elks from Aberdeen, 8. D., Jamestown, Valley City and sur- rounding North Dakota commmunities were to be guests here Thursday night of Oakes. Special trains will bring in 250 Elks from Aberdeen and Jamestown for the fraternal goodwill visit. An auto caravan was to arrive from Valley City. J. J. La Claire is general chair- man, Santa Cruz, Cal., is adding its link culminated several weeks of negotia- tions between McCormick and Elmer Layden, Notre Dame coach. Minnesota has met Notre Dame on the gridiron on three previous occa- —————— Eyes Examined Glasses Prescribed The eye is an organ you can't afford to neglect. Dr. H. J. Wagner Optometrist Offices Opposite the G. P. Hotel since 1914 Phone 533 _ Bismarck, N. D. vention at Fargo recently. 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