davidaulloa/AmericanStories huggingface dataset:
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Get your memorandum book and
circular describing how Mid-States
Galvannealed wire is made to out
last the standard Supply Co.
13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Look for the tag Mid-States"
Galvannealed weather proof, wear
proof wire on the fence you buy
Standard Supply Co. 13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Miss Linda Turner, student at
Ohio State university. spent her Eas-
ter vacation here with her parents,
Supt. and Mrs. j. r. Turner.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Atty Earle e. Kincaid of Vicks-
burg, Mich, left Monday for his
home, following a few days visit
with his parents Mr.. and Mrs. f. c..
Kincaid of Joetown
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

James Leeper and Raymond
Adrean visited last week in Cleve-
land with the formers father DR.. w
c. Leeper, and wife.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

We have just unloaded car Of
certainteed roll roofing. We have
six different grades to pick from
and the price is right Standard
Supply Co. 13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Prof. and Mrs. Frank w. Murphy
and daughter and son, Miss Ruth
and Lewis, of Pittsburgh. left Mon
Gay for their home, following a few
days visit here with Mrs. Murphy's
brother, Mr.. Frank N. Gray and
mother, Mrs. Amy Gray.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Albert James Fisher, senior at
Ohio University, Athens, spent his
Easter vacation here with his par
ents, Mr.. and Mrs. C. e. Fisher
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Children's shoes, blucher, straps,
sandals, to 2, 9Sc. Fine dress
styles, $3.50 to $1.95. Bargain base
ment.-White's,
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Mrs. Grace Cobourn and children
Miss Carolyn and Richard of Co
lumbus, visited here the week end
with the formers parents, Mr.. and
Mrs. S. c. White
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Don't forget we have the right
price on roll roofing and six differ
ent grades from which 10 choose
Standard Supply Co. 13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Better roof those buildings now
and be prepared for the next rains.
Galvanized and roll roofing at the
right price.-Standard Supply Co.
13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Mr.. Walter Mayes of Columbus
spent the week end here with his
wife, at the home of her parents,
Mr.. and Mrs. j. w. Partesius.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Ladies' Coats, sports and dress
wear. grey, biege, navy. Sizes IA to
so, $5.95, $9.95, $14.95. Children's
Coats, to 6, and to IA, $2.95, to
.95.-White's.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Mr.. Ernest Beckwith of Lancaster
was the guest Sunday of his parents,
Mr.. and Mrs. Frank Beckwith of
Malta.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Mrs. Blanche Greer, who has been
the nurse caring for Mrs Wilbur
Roberts and baby, returned the first
of the week to her home in East
Bloom.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Carlton Henderson, student at
Ohio State University, spent the
week end with his home people in
Bristol township.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Children's Dresses, sleeveless and
puff sleeves, 8 to 6 years, Z to IA
years, 121s to 16 II, soc, 81, $1.95.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Miss Edna Earich, teacher, near
Elyria, visited the week end with
her mother, Mrs. Mary Earich, and
other relatives, in Malta.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Ladies fine dress shoes, new
styles. Black, white and colors,
$2.95. $3.95, $4.95. Sport styles,
$295, 95.-White's
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Ruffled curtains, 35c, Acc, 69c
pair Marquesette curtains, strip
Csc. Curtain materials, 10c to 45c.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Mrs. Dora Kuhlman and her
brother James Fox, of GAINESVILLE,
have been visiting here with rela-
tives.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

All size Sewer Pipe, from 8 in.
to "a in, at The Malta Hardware
Co. 13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Mrs. Jane Carder who has been
residing in the Van Fossen fiat,
moved this week to rooms in the
Stanton property.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Miss Edna Erwin who is employ
ed at newspaper work in Macarthur
O., visited her parents in Stockport
the week end. She was a caller in
McConnelsville, at the Democrat Of
fee.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Wigg's Waterless cleaner wiggles
the dirt, get yours from Standard
Supply Co. 13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20
Morgan Juvenile Grange

The same program will be pre-
sented April %, as was published
for last meeting.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Mrs. Lucy Buck of this place has
been visiting in Newark, with her
niece. Mrs. Luella McSwcrds.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Just unloaded another car of Mid
State Galvanized fence.-Standard
Supply Co. 13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Finish your walls, with Sherwin-
Williams Flat-Tone Wall Paint,
from The Malta Hardware Co.
13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

All kinds of Farm, Garden and
Poultry Fence, at The Malta Hard
ware Co. 13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

DR.. J. M. Pedicord, sr., of Zanes-
vile, arrived home last Friday, af-
ter a tour of southern states.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Ferry's Garden Seeds in bulk or
in packages at The Malta Hard
ware Co. l3a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Get your chicken feeders and
buttermilk fountains from Standard
Supply Co. 13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Sherwin- Williams Scar-Not Water
Proof Varnish, at The Malta Hard
ware Co. 13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Sherwin- Williams Flo-Lac for
Hardware Co. 13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

1t is stated that the total grange
attendance last year was more than
100000
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Just in, another car of the cele-
brated Alpha Cement, at The Malta
Hardware Co. 13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

All lengths Galvanized Roofing,
in the heavy weight, at The Malta
Hardware Co. 13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Let us explain how you can buy
machinery cheaper on the corn and
wheat plan.-Standard Supply Co.
13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Ladies sport oxfords, straps, ties,
pumps, all sizes and styles, $1.99.
Bargain basement Whites.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

The M. & NJ Alumni association
will meet tonight, April 20, at 6:45,
at the high school auditorium.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Eclipse, single adjustment, Lawn
Mowers, at The Malta Hardware Co.
13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Anthony Zinc Coated Farm, Gar
den and Poultry Fence, at The
Malta Hardware Co. 13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Finish your floors with Sherwin-
Williams Mar-Not Varnish, from
The Malta Hardware Co. 13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Get your dynamite and blasting
supplies from Standard Supply
Co. 13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Special values, mems and boys
dress or work shoes. Bargain base
ment
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

DR.. and Mrs. C. s. Dye have had
as recent guests, Mr.. and Mrs. A. J.
Stevens of Marietta.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Get your Garden Tools and Seeds
at The Malta Hardware Co. 13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

We carry both grain and pellet
powder and the price is right
Standard Supply Co. 13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

A bill has been introduced in con-
gress, to repeal the 2-cent federal
tax on bank checks.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Ladies dresses, new styles. silk,
print and plain colors. Sizes A to
AS. Specially low priced. S3.95,
.95.-White'S.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Notice to contractors. We have
the right price on dynamite and
blasting powder-Standard Supply
Co. 13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Hon. and Mrs. J. e. Patterson Wis
tied Sunday in Newark, with rela-
tives.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Garden tools of all kinds at STAN
dard Supply Co. 13tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20
LOCAL NEWS

Emma Jettick snoes, sold only by
U0ulson's. n15tf
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

See the new Gas Ranges at The
Malta Hardware Co. 13a2
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

SheetrOck, fire proof Wall
Board, at The Malta Hardware Co.
12a9
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-04-20

Latest style hats every week, 5ecr
CSC, 39-White's.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27
Produce Markets

Delivered in Indianapolis prices-Hens.
&C; Leghorn hens. &c; heavy breed spring
ers, &c.. Leghorn springers, Sc; cocks, 5
lbs. and up, &c; under 5 lbs. &c; ducks.
&C: under .4la lbs, &c; geese. fun feathered
lbs. and over. lie; young toms, IL to
20 lbs, lie; No. ! young toms over 90
lbs. &c; old toms, 7c; No: 2 thin crooked
breasted. SC: No. strictly fresh country
egg case must weigh IS lbs gross; a de-
duction of 10c a pound for each pound
under SIS lbs. will be made. Butter-No. /,
22ss@SSc No. No. 2 s2g2so ButteTN
Quoted by the Wadley Company.
BY UNITED PRESS.
CHICAGO. Nov. 27.-Eggs- Market.
STEADY; receipts. 6s3; extra hrsts, 2ac;
checks. IoGlIc; current receipts. ia Ice.
Butter-Market. steady; receipts 1928;
specials. 22l2d23i4c: extras. 22l4c; extra
nrsts. 2094 q 21c: frsts, 17i2d20c: seconds.
d d6l "a l7e standards, 2li4c: centralized,
Market strong; receipts: 81 trucks; 2
Plymouth Rocks (light1 10c; White Rocks,
Ioallc; ducks, heavy. 9dloc; ducks,
light, &c; geese. &c. turkeys. young toms
and hens. 15d Ice; turkeys. old No. 2
Twins, lI94 "a lac; Loughorns. l214G 12i7c;
fats. non; Americas, none. Potatoes
Supply liberal: demand and trading mod
crate. weak on McClures. steady on
others; Wisconsin Round White. sl.25m
80: combinat ton grade. S117ia a 100
OhioS. sl.20sf125: Idaho Russets. s1.65iz a
Ito; mostly si.65GI.6Tiz; Colorado Nc
Clures, $50; shipments Saturday, 599;
s+tadAy. s. arrivals. l9s. on track. $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27
On Commission Row
Nov. 1T

Nov. 81
Fruits
cranber5ies-cape Cod early blacks. IS
Grapes = California emperors. crate,
S1.65.
Melons ls California Honeydews t9-12s)
R3ssarS w. E5iaa+g : DAqtS 9, sO!sSs
Avacos, Fla. (l0-16s). crate. So.
Bananas-Per pound, Sac.
o AgPles%eahy Wolf d4d. Ry e a Grimes Il
bushel; fancy Jonathans. 50 a box.
Grapefruit-$3G4
Prunes-Idaho italian, 16-lb. Tugs, s1.10.
Oranges-California Valencias. $3.5OQ4
Lemons (seos). s4.5oa5.25.
Vegetables
Cabbage-Eastern Danish. 5O-lb. bag,
onions-Utah Spanish. 5o-lb bag. s1.25:
western white 5o-e bag $l4O; indiana indiana
5o-lb. bag. 85c; 1o-lb. bag, 1sc.
Beans-Round stringless, hamper, SITS
az; fiat stringless, Sips,
Csc per dozen.
Peas-100-lb. 81
Carrots-California So crate.
Cauliftower-California G1-12sl. crate
Celery-Ndichigan Mammoth. bunch. CSC;
medium BUNCH. 45c; hearts. 81; l5-bunch
Cucumbers-FIorida $3.50 busheI; hot
house, LIS per dozen.
Lettuce Iceberg best (4-5s) crate, $3.50:
dollhouse. 15-lb. basket, 81; Michigan en-
dive, $3.50 per bushel
Radishes-Hothouse button. 40c dozen.
Spinach-Broadleaf, per bushel, Use.
Turnips-Per bushel. 75c
Tomatoes-Hothouse ST BIB. basket.
Potatoes-Northern Round Whites. 1907
ID. bag. sl.50Q1.65;. R. r. Ohios 1o0-lb.
bag 81 50q IS: 15-lb. bag. $50; Wyoming
triumphs. 1oo-lb bag s2.1o.
Sweet Potatoes-Indiana Jerseys. No.
bushel. $3.50. Nancy Halls. per busheL
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27
Federal Farm Loan Bonds
by Blythe & Co. Inc. J
u. S. Government Bonds

Home Loan As. July |. 1851. SO 81
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27
PORKER PRICES
MOVE 10 TO IS
CENTS LOWER
Cattle Market Active and
Strong; Lambs, VeaIS
Unchanged.

Porker prices moved into lower
levels at the Union Stockyards this
morning, with most all classes
around Is cents under Saturdays
average. Underweights were 10
cents lower. The bulk, 100 to 275
pounds, sold for 1855 to 1855.
Heavier grades scaling 275 pounds
and up were selling at $685. to $3.50,
while smaller kinds Weighing 100 to
100 pounds sold at $3.40 to $3.50.
Light grade pigs brought $500 to
$500. Receipts were estimated at
10000; holdovers, 1872.
Practically all classes Of cattle
were active and round Is cents
higher. Bulk steers were salable at
S4.75 to S5.75. Few heifers sold at IS
down. Receipts numbered 500.
Vealers were unchanged with Fri
days average selling at Sc down.
Receipts were 400
Lamb market remained steady at
the previous session, with eve and
wether grades selling at $3.50 to ST.
Bucks were discounted ST., while
throwoutS ranged down to 81. Re-
ceipts were TOO.
With yard officials absent to
weigh and register livestock at Chi
cago, early trading was eliminated.
All stock handlers were on a strike.
Receipts were estimated at 10000,
including $4,000 direct. Holdovers,
1000 Cattle receipts numbered
$4,000; calves, 1000. Sheep receipts
were 1900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27
Billion Dollars Needed for
Modern improvements
on Railroads.

By Scripps Newspaper Alliance
WASHINGTON, Nov. 27-Ameri-
can railroads have 228,277 freight
cars awaiting heavy repairs. The
Glass I roads have only 5,522 serv-
iceable locomotives in storage, and
10,735 engines are awaiting repairs.
There are rails to be replaced,
rights-of way to improve, bridges
and trestles to maintain, shop and
roundhouse equipment to bring up
to date
The inability of the railroads to
keep up their maintenance of ways
and structures during the last few
years has made shop towns black
spots on the unemployment map.
These facts have just been re-
ported to Public Works Administra-
tor Ickes by Frank C. Wright, whom
he recently made director of the
transportation loan division of PWA.
And at the same time Director
Wright reported that his plan for
lending more money to railroads for
maintenance work was progressing.
For more than year now, ex-
perts have claimed that the rail-
roads could spend a billion dollars
bringing their maintenance up to
date. Provision for making PWA
loans to the carriers was inserted in
MIRA, passed last June. Thus far
s135, 100000 has been loaned for
this purpose.
I t is Director Wright's job to
see that more jobs are provided in
the railroad industry by promoting
more loans.
1t was in the pushing Of his pro-
gram that he made his report to the
administrator. Excerpts from it fol-
low:
BY loaning money on security to
railroads to be used in repairing
locomotives and freight cars that
have long been out of commission
and awaiting repairs, many men
can be moved off of relief rolls and
on to pay rolls Immediately, and
full time employment can be pro-
vided on justified work for many
other men who have had only in
termittent work for many months.
Many railroad shop towns have
been black spots on the unemploy-
ment map, for all roads have been
forced to cut repair work on mo-
tive power and rolling stock to the
bone for the last three years. Many
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27
BY ELMER G. WALLER
United Press Financial Editor

NEW YORK, Nov. 81. = Stocks
opened steady to firm today with
mining issues rallying from their
decline of last week. Trading was
fairly active.
The American dollar firmed up
in relation to foreign currencies,
and the Reconstruction Finance
Corporation retained its price of
s33.76 per ounce for gold.
Steel stocks were in demand on
improvement in the industry.
United States and Bethlehem each
rose p point to ASS and 342s
respectively. Rails were steady to
firm as were wet" stocks. Electri-
cal equipments were richer, mer-
camille shares steady, and utilities
firm.
A few issues, including Kennecott,
American Can, Texas Corporation,
Union Carbide, Chrysler and Case
eaSed moderately.
During the early trading prices
A4OFCu III 4dILOW range AROUND
opening levels in quieter trading.
Mining and smelling issues held
firm with United States Smelling
up p at 93a4 and Mcintyre porcu-
pine up z at 80. Chrysler recovered
its initial loss and crossed 40. Case,
on the other hand, extended it's
early loss. Steel common was firm.
Commodity markets were mixed
with cotton off six to eight points,
and sugar unchanged to off three
points. Bonds were irregular with
United States government loans
held steady
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27

right American price at which to
stabilize.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27
NEW YORK RAW SUGAR FUTURES
Carriers Fail to Receive
PWA Loans for Repairs

shops have been closed down en-
tirely for long periods, while 9TH
erS have operated on part-time
basis. This has been the cause for
deep concern on the part of rail
managers who have given their shop
men all the employment possible
with the funds at their command.
by deferring repairs that should
have been made, the railroads have
built up a large backlong of en-
ployment. It's size is indicated by
the fact that on jan l, 1882, the
Glass I carriers had only $500 loco
motives out of service awaiting re-
pairs, while by July l of this year
the number had increased to 1928,
or more than % per cent of all loco
motives owned by Glass I roads.
Monthly reports of the American
Railway Association on the condi-
ton of locomotives and freight cars
indicate that while current repair
requirements are now being met,
little has as yet been done to reduce
the amount of equipment that has
been stored for repair. Between
Aug. l and Oct. l the number of
freight cars awaiting heavy repairs
was cut only 3,491, from 23l 1853 to
PIT"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27

despite governments monetary policy against
which they dollar
o cents
Of special prices
the debts which outstanding when
The idea the scheme balance debts ability pay
where of
people could not be paid the collect them had wrought
nothing
contracting
obligations,
sumed People obliged losing
the results of their which had been accumulated
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27

hundred per cent above pre-war.
I am, therefore, unable to believe
that raising the price of gold in
America to price not unlike that
which prevails in most other coun-
tries is inherently damnable and
absurd.
1t may be that there is no adj
vantage in raising the price of gold,
in lowering the gold content of the
currency, but all other nations, ex-
cept two very small ones, have done
it. I am not aware of any agita-
ton in any of these countries to
reduce the price of gold and return
to the prewar gold value of the
currency.
THE opposition is calling upon
y the President not to initiate the
currency and to return to the gold
standard. Now, I do not pretend
to have thorough understanding of
the Warren theory, but I under
stand it enough to know that it is
in no sense of the term theory of
paper or fiat or greenback imitation.
and also that it is based wholly on
a determination to return to a dol
lar convertible into gold.
Every calculation in the Warren
doctrine assumes a gold currency;
in fact, Professor Warren can more
justly be charged with minimizing
the effect of deposit currency than
with failure to realize the impor-
lance of gold.
Indeed I believe it to be accurate
to say that the only point on which
Professor Warren differs from those
who wish to stabilize Immediately
on gold is this: Those who want
immediate sterilization do not seem
to care whether the price of gold is
S25 an ounce or $33; they want
Stabllzation at any price.
Professor Warren, on the other
hand, believes that the price is very
important, and, presumably, that
the right price lies somewhere be-
tween $50 and $40.
14lo Cd1CuldIlOIlS seem TO nave
persuaded him that in relation to
our debts, wages and other fixed
charges, we need a currency rather
nearer the present value of the
Australian, Danish and New Zea-
land currencies than the present
value of the English pound. He
may be wrong. But in seeking a
level appropriate to American con-
ditions he is doing exactly what
practically every one else has done
who has managed currency any,
where in the world.
So it would seem that the intelli-
gent thing to do is to examine his
data and find out whether his judg-
ment as to how the dollar should
be valued is or is not reasonable.
1t may be that Professor Warren
his ability to calcu-
late exactly the value of the dollar.
1t has been my impression that he
does. But the road to sterilization
can only be taken by coming to
a conclusion as to what is the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-27

right American price at which to
stabilize.
ITO denounce Imitation" is very
i good thing, but it is not relevant
to this crucial question.
Another point of some collateral
interest which is overlooked by the
opposition is the social philosophy
of the Warren school. Because his
theories fall within the general
classification of a managed cur
rency," it is generally assumed that
he Is an exponent of a managed
economy" The contrary is true.
Here, for example, is what his COL
league, Professor Pearson, had to
say a few weeks ago: Recovery
calls for such an extension of gov
eminent activities as to endanger
our type of economic and political
system, or else requires rapid rise
in prices so that an economic sys-
tenn based on profits from indi-
vidual enterprise can function"
1t is no secret that the Cornell
economists have had very little
sympathy for, and are in fact pro-
foundly critical of, most OF the MIRA,
of the A. A. A. of the public works
program, of the large debt program.
in a word, of the collectivist tenden-
cies of the Columbia branch of the
brain trust
And it is evident enough that the
present ascendancy of these Cor
nell economists dates from the dem
onstration that the MIRA and A.
A. A., however valuable they may be
as measures of permanent recon-
struction, were not able to promote
recovery.
All these considerations do not
prove that the Warren gold policy is
sound. 1 do not know whether it is
sound. But they do show that it is
entitled to sympathetic exposition
and study, and they suggest that
before a campaign of denunciation
is organized it would be useful to
have a campaign of education.
1 do not see why the President
does not do something to help the
people to understand his policy. 1t
would be ever so much better than
calling them Tories.
Copyright, 1888 by The Times)