The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-05-20

will go no farther than the upset
know it was not right to have
any increase in rates. 1t was un-
called for, but would you who
criticise deprive 10000 people
of a saving in the act of satisfying
public utility by allowing the for
mer rate, and satisfy another 10000,
probably more, who would not give
even widows mite, to fight these
powerful utility firms?
solemnly swear that this fight
is not over, and that it shall be con-
tinued in the general assembly of
1888.
On many occasions, the commits
sion instructed us to get certain eVi-
dence to substantiate our allega-
tons, and We had no way under the
sun to get it. Only the commission
could get the necessary data.
On the other hand, the reports of
the public service commission will
show that We, as taxpayers, have
paid on an average, for the last ten
years. the annual sum of SITS, 840.6l
for strict public utility regulation.
Do we get it? say no and thou
sand times, No.
WALTER C. KATHERMEI
Editor Why can not Mr..
Cottrell feel fully assured that the
Reconstruction Finance Corporation
will achieve the purposes of the act?
Since he claims knowledge of the
amount already distributed in In
diana by this agency. he should
know also that several millions
have been loaned to railroads and
that q considerable portion Of at
least one loan has served the pur-
pose Of the act with striking preci-
sion and to the absolute satisfac-
ton Of Mr.. Hoover, who approved
the loan to the Missouri Pacific
against official opinion to the con-
trary.
1t however. must have been but
singlIlarly dull day in the affairs of
the House of Morgan and associates
when only the psltry sum OF five
millions could be credited to the
Missouri Pacific account.
How much more ideal would It be
for those so faithfully served by the
Reconstruction act if it's applica-
tons could be made, as Mr.. Cottrell
Supposes, without publicity" His
plea for patience in awaiting mi
raculous service from the corpora
ton suggests more than we had ex-
pected. The miracle Of public toll
erance toward the act is quite
enough for one season.
1.-The Reconstruction Finance Cor
poration is a sort of assets realiza-
ton company" Precisely what sort?
Whose aSsets2 BY what magic of
realization?
OF all the impalpable construc-
tons Of reason! Just what can the
insignificant sum Of $4,000 900 ac-
complish in the liquidation of sound
assets to the betterment "of the great
mass OF American people?" What
might two billions Of dollars, if 1t
ever should be obtained by the cor
poration, accomplish as an initiating
force beneficial to the mass Of peo-
pie while the government. in bal
ancing its budget, would neutralize
the effect of that force?
This in a nation with a wealth
reduced $4,000 ,O00, 900 in two years.
in a nation with income reduced
thirty-six billions in the same Pc
Rod. In a nation bankrupt, IL you
please. Hopeless absurdity;
Not long ago We witnessed the
raising Of agriculture to her feet
and all who waited to see the result
saw her conclusive collapse. which
prompts the conclusion that the
most imperfect knowledge Of many
Is in the subject Of chemistry: They
do not get a distinction between
smelling sails and embalming fluid.
They have been so blinded By