Evening Star Newspaper, May 11, 1933, Page 7

WANTED business! « « « Q DuUsiness. Will pay up to $10,000 for part or entire business. Must be in or near Washington. Give full par- ticulars in first letter. BOX 194-K, Star Office «I hope I didn’t interrupt any- thing, Grace.” «Oh, no I have an exten- sion right here in the kitchen, ANY woman who does her own housework certainly deserves the convenience of an extension telephone in the kitchen. No burned meals or fallen cakes for her! And the costis just about the same as her daily newspapers. MEtropolitan 9900 WILL TAKE YOUR ORDER The Chesapeake and Potomac Telephone Company (Bell System) | FAITH ONLY NEED DECLARES THORPE : Editor, Addressing Episcopal Session, Calls Depression Inexcusable. Analyzing “this stupid and inexcus- | able depression, this tragedy of plenty,” | Merle Thorpe, editor, Nation’s Business, last evening told a representative gath- ering of Episcopal clergy and laymen that the “real cause” of the slump was “Joss of faith” and insisted that there can be no return to normal prosperity except as the result of “an increase of | mutual confidence” among the people. The occasion was the fellowship din- ner of the m““le%lflnmfhufi Episcopal Diocese o el at All Saints’ Church parish house, Chevy Chase. Appl'axlmltely 300 dele- gates and friends attended. Mr. Thorpe declared that the basic causes of the collapse of business in 1929 were psywal in character. Unscientific thinkfng on the part of in- creasing brought about the crash. The stock market troubles at the beginning were | | & vastly different thing.” | late. | mobile. | business, for instance. an effect, rather than a prime cause.| A long list of fallaces promoted the | distress. Among these, the speaker | mentioned, overproduction, scarcity of | currency, the shifting of private bur- dens to the Federal Government, resent- ment against regulation of private enterprise, a plethora of laws, and various unintelli- gent notions accorded thoughtless repe- titlon. One fear led to another, the panic was contagious, stagnation of trade and all its concomitant ills fcl- lowed the bankruptcy of confidence. Never Overproduction. “There never was any such thing as overproduction,” Mr. Thorpe insisted. “The difficulty was underconsumption, He instanced | the common idea that only a few peo- | THE EVENING ‘hose farms are unemcumbeged? And 'hlf. about the 40,000,000 share owners of the property of corporations? “If we are not careful, the thriftyis umvhnhunvedwlubethe'tnr- gotten man.'” Mr. Thorpe deplored the tendency to regulate “everything under the sun,” citing a total of 1,900,000 laws on the statute books of the country. “Are eco- nomic laws discovered, or are they made to order? It is nonsense to suppose that it is possible to repeal the natural law of :upl;:ly and demnd ' ncy is at hand,” Mr. Thorpe in clos- ing the preservation of economic as’ well as political liberty. “If permit the farm boy to become Presi- dent,” he said, “the same logic im- plies that we shall permit neighbor | to make the most of his jus in the | field of business. The American prin- for individual merit, the ideal of com- petitive co-operation. “The victory over the depression is bound to come from the bottom up, not from the top down. And this country is’ not going to the dogs.” Bishop of Wyoming Speaks. Right Rev. Nathaniel S. Thomas, re- tired Bishop of Wyoming, also spoke. Pleading for the development of dio- cesan fellowship in the work of the church, he discussed parish and cathe- dral fields of co-operation. “The parish unit,” he said, “is the only one we as yet have learned to use effectively, but the next advance will be along the | line of diocesan development. _The busi- NEVER BEFORE «# OPPORTUNITY LIKE THIS wm NATIONAL large sections of the public lation, destructive | ple pay taxes as an example of the custom of not “thinking through” a problem. “Every man who buys a loaf of bread has taxes wrapped up in the package,” he sald. “The general con- demnation of speculation is another fallacy. The fact is that we all specu- Every time a man attempts to cross the street he speculates on the chance that he may b2 hit by an auto- Speculation i< one of the force- which has made the country great and progressive. “We hear a good deal about the ma- chine age causing unemployment. That, to, is a fallacy. Take the publishing The linotype machine, some thought, would put a quietus on the livelihood of hundreds of men working in print-shops. Tem- porarily. it did cause some distress, but today there are 3,000 times as many men employed in the composing rooms | of the country as there were when the linotype was invented. “Still another senseless fallacy is the notion that up-to-date methods rele- gate old men to the scrap-heap and promote an increase in child labor. The fact is that there are more men over 45 gainfully employed and fewer children under 16 obliged to labor than | there were 10 years ago. Accumulation of Wealth. “Perhaps the prize fallacy of all is | that we have allowed the bulk of the | wealth of the country to accumulate in the hands of a fractional minority of the people. There is no basis what- ever in truth for the repeated state- | ment that 2 per cent of the people own | 90 per cent of the wealth of the United States. What do the 45 per cent of the home-owners who own their homes out- right think of that canard? What about the 65,000,000 life insurance pol- icy holders who have over 100 billions equities in property? What about the 53 per cent of the farmers of the land Round Trip Fare CHICAGO to West Yellow- stone, includin| Salt Lake City an Colorado. Round trip sleeping car rates reduced 25%. 16-day return limit. Longer limit slight- ly higher fare. We serve 15 national parks and more of the West than any other railroad. Rail fares lowest in 20 years. Enroute to or from the West visie Chicago World’s Fair. A double vacation at bargain prices! ALSO ASK ABOUT ESCORTED ALL-EXPENSE TOURS mplete information ond :l‘l:uu:l-;.dbu. ash Chicago & North Western-Union Pacifie wmwm Mail this coxpon wmwmem | | xome THE MODERN LUXURY OF THE SMART HOTEL NEW YORKER Now only... The Last Word in Hotel Accommodations at Sensational New Low Prices! I T'S unbelievable...this radical new low price policy just put into effect by the smart Hotel New Yorker! But remember...this is the famous hostelry that pioneered in giving a new standard of comfort and luxury to its guests. So it’s natural for the New Yorker to lead the way in reducing rates to a point where the finest hotel accommodations in America are now available for as little as $3.00 a day for one person and $4.50 for two. Make the New Yorker your headquarters in New York. « See All You Get For Only $3.00 Ahomelike, quiet, outside room.. .both tub and shower bath we | Wat ciple is that of the individual reward | STAR, WASHINGTON, ness of the church is to shepherd the sheep, and the parish rector is the | dehnud shy o( the shepherd, who ml.nlqt.ry nfi ld be mmz ‘u;: oul diocese, an that nl-- tion a enth:dmw ‘can lease the paralleled ways and for unexampled | good. The cathedral shepherds the sheep who are outside parish boundaries and does the work that no parsh is equij to do—the social service wnrk, hospital work, the He pmeu.lnly praised the possi- bilities of “articulated service” from ashington Cathedral, located in the National's Capital, and reaching out to_the whole world. Right Rev. James E. Freeman, Bishop of Washington, presided at the dinner. | He also presided at the business ses- slons of the convention which occu- 1pled the morning and afternoon. The program consisted of reports and dis- cussions of routine, financial and or- ganization policies and problems. Final action will be taken today on the ques- tions raised. ring that “the test of democ- | prison worl The deepest “deep” of all the oceans | is found in the Pacific—the Emden in the Philippine Trench off Mindanao, | Blake Deep still holds the Atlantic Ocean record with 28,300 feet. 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Kelly declared against rack- |eteers would be continued. Breaking of the strike marked a vic- tory for the Chicago Coal Merchants Association, 187 of whose yards weie closed in an attempt to break the grip llhe trucking and transportation agency reputedly had on the union. Coal yard officials were ‘willing to| ‘dul with the union. but would have | nothing to do with the T-N-T, as the SORRY, BUT WE DON'T CARRY MARS BARS. WHY DON'T YOU TRY . THESE? THEY'RE JUST AS GOOD. HE DEMANDED AN ANSWER.. THURSDAY, MAY 11, 1933. agency was known. They said it was | controlled by gangster influence and named Murray Humphreys, on police records as a “public enemy,” as its head. In agreeing to put their men back | on the job today union officials re-| nounced their affiliation with the | T-N-T and obtained similar action from | three unaffiliated outlying unions. They | agreed to return to work at the $7.50 scale. 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