The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23
SPREAD INCOME
TO AVOID WAR,
BEARD WARNS
New Deal Policies Failing to
Meet Needs, Says
Noted Historian.
Continued Prom PAGE Onel
Continued From Page Onel

workers. but il is doubtful whether
u has resulted IN substantial in
crease IN man-hours OF employ
ment. There are still II million ua-
employed.
Economically in Deadlock
Farm income has been increased
materially. Dut through taxes on
consumption which have decreased
the buying power Of the city masses.
The productivity Of our produc-
ing plant has been so increased that
II our industries were running at
the 1929 level re would need some
. per cent fewer lsbOrers than
then
The AAA has pried loose from
the economic structure some eight
million tenant farmers and share
troopers IN the South.
We have an eight-billion dollar
budget. Of which four billions repre-
sent borrowings on interest. and
three billions taxes on consumers
Seven -eighths Of our budget is
either borrowed or taken out Of do
nestle buying power through con-
sumption taxes. Economically We
are in deadlock
Thunder From the Left
Politically We hear thunder from
the left. Upton Sinclair and Dr.
Townsend in California, Father
C0uEhlin in Detroit. Huev Long in
the South and Gov. Floyd Olson in
Minnesota are raising their banners.
What OF foreign affairs? Not
since 1914 has there been such nerv-
Gus tension as now exists in both
Europe and Asia. Here in Washing
ton we see the largest peacetime al
locations 70 war preparations. with
little Outcrv from Congress. For
the fiscal year ending June 30. 1886,
We have provided 612 million dollars
for the Army and Navy. compared
with 40 millions in the current
year. This does not count vast ex-
penditures for veterans and inter-
est or old war deDtS.
We have Just increased the Army
BY some $4,000 men. We hear the
Assistant Secretary Of War saying
that the Army is prepared to take
over the country in case OF a do
nestle disturbance. We see projects
for SO-called commercial air out
posts far into the Pacific. the plan
ming Of naval maneuvers as near to
Japan as the proprieties permit. A
group Of seditiOn bills in Congress.
including the Mccormack bill. spon-
sOred by the Navy and representing
the most malicious attack upon
civil liberties We have seen in peace
time We appear 10 be set for a
preparedness offensive. For what?
Profits High, Wages Low
Another World War? If that
Cataclysm comes we can reason
from what happened after the last
war and expect a sweep Of revolu-
lions afterward. The Communists
hope to strike when the govern
ments OF the world are white with
bIood-lettinE- And while We sit by
watching this thing happen and
fight communism by deporting a
British gentleman Where is our
leadership
DR.. Beard thinks there is a way
out other than the bloody way of
war. Profits are too high. he
thinks. wages too low. and taxation
never has been tried in this country.
Capital must content itself with
lower interest rates. he said-3i7 TO
4 per cent. Production must be
balanced with consumption, not by
limiting production but by increas-
ing consumption through higher
wages. Capitalism possibly can be
made 10 work. but not under the
old formulas.
IF history teaches anything it IS
that we can no more return 10 the
old ways than We can reCapture our
youth he said. We must have an
efficient distribution Of our vast
wealth. We must concentrate our
efforts 10 make our great productive
machine furnish food. clothes and
houses for the masses. Either this
or the old way Of war-this IS the
fateful choice that confrOntS the
President and Congress