The Bismarck Tribune Newspaper, June 3, 1937, Page 6

An independent Newspaper THE STATE’S OLDEST NEWSPAPER (Established 1873) ; State, City and County Official Newspaper . = Published except Sunday by The Bismarck Tribune Company, Bis- ‘ taarck, N. D. and entered at the postoffice at Blamarck as second class mail Mrs, Stella 1. Mann President and Treasurer Kenneth W. Archie O. Jt Simons Viee Pres. and Gen'l. Manager Secretary and Editor Subscription Rates Payable in Advance Member of Audit Bureau of Circulation Member of the Associated Press ‘The Associated Press is exclusively entitled to the use for republica- tion ws dispatches credited to it or not otherwise credited in this new! 4 ‘also the local news of spuntaneous origin published herein. All rights of republication of all other matter herein are also reserved. Our Sound Young People Come fair weather or foul, these old United States are going to be pretty well protected in the event any foreign power decides on invasion. ‘Every so often, in recent years, the newspapers have printed items about peace strikes in the colleges. It was easy to get the idea that our institutions were full of long-haired men and short-haired women, parlor pinks of various varieties. But the other day an insurance company decided to sample campus opinion to see what impression these demonstrations had made. It found that, in the event this country were in- ‘vaded, 94 per cent of the men students would be willing to accept military service and 93 per cent of the women students would cheer them on. A majority of both men and women favor a strong national defense as the best guarantee of peace but a large number - would favor disarmament progressively with other nations. Only 3.3 per cent of the men and 3.2 per cent of the women favor ; disarmament by this country regardless of what other nations , do. ; All of which is a pretty good argument for. freedom of Speech and freedom to express opinions. A good many graybeards have been horrified at the idea of permitting subversive doctrines to be preached in our classic halls. What they forget is that our young people have brains of their own and are well able'to sort the reasonable from the unreasonable, the true from the false. Business Brain Trust When the National Industrial Conference board met in ind Scenes Washington Secret Battle Goin on Over Whether. Securities Commission Shall Pro- bend) co tanaedd bed rove P ON ay inson Appointment Court Bring Battle for Senate Majority Leadership. By RODNEY DUTCHER (Tribune Washington Correspondent) Washington, June 3.—The question whether the Securities Exchange Commission should emphasize a de- sire to “be fair to the brokers and bankers or a determination to “pro- tect the investor” has again become ar fssue, following resignat of Chairman James M. Landis. Crusaders for adequate regulation and for enforcement of the securities act, claiming that the New Deal has provided neither, insist that Roose- velt’s decision will tell whether the administration really means its fre- tquently reiterated: promises to protect security holders. Commissioner William O.. Douglas is out in front as the most likely suc- cessor to Landis. But if the profes- sional manipulators of what Justice Brandeis used to call “other people's money” have anything to do with it, Douglas won't get the job. x * * Says Investors Gypped Douglas is an able lawyer an expert on corporation law. When he was at Yale he was said to be one of the highest paid law professors in the United States. He has had ex- work of protective committees, with ® report and a legislative plan sub- mitted to congress. He demonstrated his fearlessness in a speech to the Bond club during which he told New ‘York bankers that investors were be- ing gypped by financial concerns which reaped commissions on stock and bond flotations far in excess of the value of their services. Douglas boldly declared in favor of competitive bidding for the privilege of handling new issues, as against the traditional Wall Street cistom, which “he said often enabled certain banking houses’ to’ monopolize such Lusiness. ‘He charged that fees were being exacted for underwriting when there was no need for it and that bankers would lose their finan- cial power over such processes as management, formulation of indus- trial policies and reorganizations. Wall Street didn’t like it at its emissaries, as Douglas jumably must bare anticipated, nate) eee pulling all possible wires here to see ge theee) Douglas doesn't succeed New York the other day the list of its members looked like a|2* Who's Who of American business. All of the “economic royal- ists” were there to hobnob with each other and listen to speeches and the speeches were made, most of them, by college profes- sors. “Not only that, but nearly all of them, talked on, how in- and: dustrial America can best go about it to influence public cpinion. Dean Carl W. Ackerman of the Columbia school of journal- | bei ~ ism talked on “The role of the press as a factor in public opin- - ion and economic changes” and Dean William F. Russell of » Teachers’ college followed with “The influence of education } ipon economic ideas and organization.” At the evening session they heard Owen D. Young of Gen- eral Electric discuss the relation of education to industry and then, in order, came Dr. Levering Tyson, director of the na- tional advisory council on radio in education and Carl Byoir, former’ vice chairman of the committee on public information. The fact that these “brain trusters” were on the program is'g sign of the changed attitude of business. It recognizes the ' fact that the public is all powerful and the successful man must is ' deal with it intelligently. Tf we are lucky it may be the beginning of a system wherein | business will place the public interest first and thereby head | off the host of laws, many of them ill-advised, which are pro- > posed to cure its real or imaginary abuses. ! What Causes Farm Fires _ Analyzing the causes of farm fires, state authorities lay _ major. blame on spontaneous combustion of hay and other farm products, lightning, defective chimneys and flues, sparks on roofs, careless use of matches and smoking around com-|‘ bustible materials, careless use and storage of gasoline and reportedly for appointment of @ “safe” chair- man. Although the purpose of the eee oe i a 9 ie i= vestor, it is being seriously that the commission ought to have one or two brokers among its mem- rs, Investors may well watch as closely ment of SEC's next chairman will shed some light as to the integrity of the New argh 5 Kerosene; defective heating and cooking equipment and faulty positoan Ba electric wiring and improper use of electric appliances, The report merely emphasizes something of which every B: farmer is aware and that is the necessity of protecting his own property if it is to be protected at all. The fire department |*Piations of "may hurry to the rescue and atone for a city resident’s careless- ness but a farm fire usually means complete destruction. Such fires cost on an average of $1,500,000 a year in this | pyrn state, an amount worth saving. Initial Step Following the protest of 10 New York City locals of a na- tional union that its leaders employed criminals, ex-convicts, and racketeers, A. F. of L. President William Green promises that the American Federation of Labor will not stand racketeer- ing in any form, and announces that the New York City situa- tion is being investigated. : Stamping out corrupt elements in unions would seem to be about the wisest policy that both he and John L. Lewis could stage. <Copyright, 1937, NEA Service, Inc.) T plan to live to a ripe old age. 1 may become an. octogenarian- even a nonentity.—Prof. A. H. Espen- shade, Pennsylvania State college, on te evel Date rore ‘Pursue at this time. Now that court approval of the Wagner act lends impetus to union organization, the future progress of the A. F. of L. and C. I. O. depends largely on the amount of public confidence they win. Brazil’s Coffee Surplus “Brazil exports each year about 15,500,000 sacks of coffee this year it will have a crop totaling about 26,000,000 sacks ‘add to the 11,000,000 sacks carried over from last year. _ The result’ will be more huge bonfires lighting the Brazilian les, for this nation, which produces about two-thirds of the id's coffee, has burned 45,000,000 sacks of coffee in the last years, _ This is done that the market may not be broken and that ‘world may continue to pay high prices for coffee. And some folks think Amerjea is queer because the gov-| ; buys surplus food stuffs and gives them to the poor. “Hi nei be susie’ nt t's brlahe ticles oe the Be wr best when I am trying to move my audi- ence to tears, I find it a fascinating distraction to watch this modern girl smearing her mouth, u . poe oe eee ee Job of vote James P. Pope, Idaho. ‘We have at What will hay thing there York mentalist, after “reading” ‘Hoover's thoughts, i asEFE ¢—____________» | SO THEY SAY ||: In reading some beautiful poem, | Mable figures concerning the Resettle- ment Administration expenditures in his own state. And for néarly six ‘months he has been trying unsuccess- from'|fully to get accurate data concern- ing the number of press agents on yjthe federal payroll. Of course, through the medium Of his twice-a- is sible to: consider legislation on its|°f these ‘occa | merits seems to have ended. From now | !sp! GIVES UP FIRST TRICK Declarer Saves His Only Entry;to Dummy as Sole Means of ‘ Discarding orRuffing -Losing Card Hands that justify opening with » “| foreing bid of two must be rich both pb acer but at the same time in honor content and distribution, for by making this bid the tion had gone far into the dangerous | Practically ‘The opening lead disclosed dum- the difficulty of utilis- * BOLUTION TO PREVIOUS aE AH eti Ene s of Your Personal Health | By William Brady, M. D. wil! answer: questions ining to health but. gh racy jtamp: dt briefly and in ink. Address Dr. ‘Tribune. “Alt au ries ‘muet ‘be accompanied by « 5 a The Great Game of POLITICS Copyright 1937, by The Baltimore Sun By FRANK R. KENT one See Sy nate beet the only ret new congress and it has been possible to debate them intelligently. The result has been the creation of an informed public opinion which has made itself | “planned effectively felt. Opportunity has|sgricul been given to clarify public thought | the rather than confuse it. But now the time when it is pos- until the close—the date of which . ‘They vast, vague measures which affect practi- Sah alee count go far beyond - inal Brain Trust conception of a|°ut. Already congress 22 love. pe ILIP MENDRY, Orbits DOROTHY STARKE, Jean's Fig a diezhtt GF uit i cs ‘ES NORTON, California Drometer. & 8 mining eee z oe al nite ue cant tefl I ere tt 3 Elfg fesse & : ea Eyiet F i g z i r lie lint Sex tad Fiske f 3 i ij I 4 au BE i i i i a i Hl if tf | Hi i i ut He uy age. He de af it in F EF i ‘ RE z I i f F | E : E i A i s g. 38 if E i Et h ti ee ‘ il A‘ if? 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