davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

The meat packers-Armour,
Swift, Morris, Cudahy-in the
three years before the war made
$19000,000 a year. In 1915 they
made S36000,000 more than that;
in 1916 it was $55,O00,000 more;
in 1917 it was $87,OO0,OOO more.
Flour millers in 1916 made 1872
cents profit on each barrel which
was large. But in the first six
months of 1917 they made 81 pro-
fit on every barrel.
In 1916 the du Points paid 100
per cent dividend-the investors
got back their whole investment.
Then in 1917 they paid so per
cent and the next year % per cent.
They got back the whole invest
ment in those three years twice.
At the same time the investment
itself increased from $74,000,000
to $308,000,000.
GEE what the war did for some
~ of our leading producers.
Here are their earnings for 1914
and 1917
1914 1917
American Rolling Mill
Co. ..............S 1868, 9O6 81, 4Os, s19
Atlas Powder Co... 294,149 2,514,625
Hercules Powder Co. 1,261,S 6,S66, $50
Colts Patent Firearms
Co. ................ 275,56s s,3O3. 296
American Can Co.. 5,SO7,SO2 81 1850
American Car and
Foundry Co. 800. s,757,971 1O,S1O,S72
Meanwhile the managers were
treating themselves well. The sal
airy of the president of the Ameri-
can Rolling Mill was raised from
$17,250 to $4,000; of the Inter
national Harvester Co. from $87,-
1873 to $165,00 The President
of the Goodyear Tire and Rubber
Co. went from $4,000 to $4,000
and of the Atlas Powder Co. from
$4,000 to $4,000.
These were mere samples.
There are many far worse cases.
When one says the Senate is at
lacking the profit system" one
may ask, What profit system?"
Is any one in favor of this kind of
profit?
Along with this went price
rocketing. The old war dollar
shrank. When you went to buy
round steak your old dollar
was worth but SIS cents. If you
bought ham it was worth 40 cents;
eggs so cents, butter, so cents, and
milk only so cents.
Some things went up three and
four hundred per cent and more.
And wages rose too, but far Slow
er than prices. It was not until
after the war that wages staged
their biggest rise.
And when it was all over we
had piled up debt of TWENTY
TWO BILLION DOLLARS and a
depression.
NEXT-What price war?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
Today S Science
by DAVID DIETZ-

DEVELOPMENT of chemical compound for the
~ treatment of varicose veins superior to any
agent now in use, was announced by DR. F. r. Green
baum of the National Drug Co. Philadelphia, before
the division of medicinal chemistry of the American
Chemical Society meeting in New York.
What DR.. Greenbaum has done is to make COM
pound of the two substances which in the past have
proved most successful. Clinical tests he said,
veal that the combination possesses advantages
which neither of the two possesses alone.
DR.. Harold S. Booth of Western Reserve Univer-
sty, Cleveland, speaking before the symposium on
the chemistry of the rarer elements announced the
discovery Of two new gases. Of the 200 previously
known gases Is represent discoveries by DR.. Booth.
Dr. Greenbaum said he had named his new COM
pound moruquin. 1t represents a combination of
sodium morrhuate and quinine urethane.
A varicoSe vein is one which has become distended
and lost its elasticity AS result it becomes dis
tended and filled with stagnant blood They cause
poor circulation and sometimes swelling of the
or legs. Their chief danger comes from the fact
that a blood clot may form in them, circulate
through the blood and lodge in the lung. Such
cases may end fatally.
TN the injection treatment, the varcose vein is first
Il tied of from the main arteries. 1t is then in
ected with some substance which causes it to harden
and the entire vein to clot thus removing the par
tcular vein completely from the crculatory system
and preventing it from causing further damage or
complications.
The treatment was first tried IS years ago and
many substances tried But up until 1888 no entirely
satisfactory agent had been found. 1t was in that
year that DR.. Creenbaum began experimenting with
the combination Of sodium morrhuate and quinine
urethane.
Dr. Greenbaum said that the combination could
also be used the treatment of hemorrhoids hydro
cele telangiectasis spider burst veins and angoma
tous tunors
THE new gases reported by Dr.. Booth are known
Il as dif1uordlchlor- germane and tri1uor mono
chlor- germane. They are both combinations of
chlorine, f1uorine and germanium.
Chlorine and fuorine are themselves both gases.
Germanium is a rare metal. resembling tin. Because
of its scarcity gernanium is worth several hundred
dollars an ounce.
Both gases are extremely poisonous but DR.. Booth
said that they did not possess the qualities which
would make them valuable in chemical warfare.
Their preparation extremely hazardous. he
said, and several explosions. one Of them violent.
occurred in his laboratory during the experimental
work,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

Wirth. AS millions of men
made ready to go in our
armies to France, the gov
eminent was making fran
tic appeals to citizens to
turn in their platinum. Platinum
WIS needed in making shells. The
platinum was all turned over to
the munition makers. But it had
to be made into platinum gauze
and the secret for doing this,
which was German, was not
known.
The munitions plants were I'M
able to solve the problem. They
appealed to the government. Reno
T. Wirth, a metallurgist in the
Philadelphia Mint, went to work
on the problem and solved it.
But he received no bonus-not
even S1.000,000, not even $1,000 He
got no more than the $50 a week
1lE Ildh dlW dEO col l1CO T1IiNAB
strangely, he was quite satisfied.
What is more, he spent so many
sleepless nights on the desperate
problem that he undermined his
health and died.
A grateful government did not
even give a dollar to the large
family he left behind.
SOMEWHERE between these
~ two stories lies the problem
which now faces the American
government.
Would Mr.. Eugene Grace have
worked for $50 a week-$3120 a
year-if necessary to save his
country? Or would he quit in
a crisis? He says he would have
worked just as earnestly if he
hadn't gotten that amazing boz
nus. I believe he would.
The issue is no longer an aca-
demic one. The war-clouds dark
en- over the world at terrifying
intervals. Dollfuss is murdered,
Alexander is assassinated, Hitler
threatens Danzig or Memel or
Austria; Japan ravages Manchu-
kuo, Germany rearmS, and the
nations of Europe draw their
weapons and rush to their from
tiers.
At each such scare Americans
wonder-can we keep out of the
inevitable struggle? If we go in
what will we fight for? And now?
Grave statesmen tell us that, try
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

has insisted on dealing with it
now.
MO one pretends that taking
IN the profits out of war will
end war. There are many causes
behind war-old racial and reli-
gious hatreds, political ambitions
of dynaSties and dictators and
statesmen, trade rivalries, the pres
sure Of economic difficulties, the
hunger for land or for crowding
populationS-many causes.
But these basic war causes are
accompanied by many irritants.
And one of them is the vast profit
that can be made out of war. 1t
is an irritant before war begins. 1t
is a destroyer after war starts.
When other causes are present, it
may be the deciding force be-
tween war and peace.
The war profits bills are efforts
to meet that problem, and that
problem alone.
It is not merely a question Of
profits. War profits are just one
phase of that terrible economic
upset which attends wars. AS
soon as the war drums roll some
thing happens to the economic
life of a people. Prices rise. Earn
ings rise. Wages go up. Profits
are swollen.
The spiral continues until be-
fore long the whole economic life
of the nation is deformed. The
war cost is inflated When the
war is over, the bubble collapses.
Frequently the victor is as seri-
ously devastated as the van
pushed. In the last war America
was not invaded. But some poi
Sonous evil swept over the country
which left us wounded and sick
and we are still sick.
BECAUSE profits represent the
D cut of those who assume to be
our economic leaders and because
they are the ugliest side of the
war initiation. attention has been
focused on them.
The Senate bill, however, is de-
signed to hit not merely the
profits, but all the other economic
evils which go with them. But as
profits play so prominent part
in all the discussions, let us see
what turned the Senate's attention
to this subject.
In the last year, we sent 2,000,-
900 men to France. The pay of
those men-the two million pri-
vate soldiers, for the period they
were in France-was about $1,100,-
100000. This is the sum which one
corporation-the United States
Steel Corp.-made in clear profits,
over and above all taXes-in the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
WILDE BARES NEED
FOR new SCHOOLS
Some Buildings Inadequate,
Parents Told.

There are certain public schools
in indianapolis which can not con-
tlnue to operate in their present
condition" Carl Wilde, city school
commissioner. said last night at a.
meeting of the School 8 Parent
Teacher Association.
Unless the housing condition can
be met by the unrestricted grant
of adequate federal funds, of which
there is at this time no definite in
dication, it will inevitably become
necessary that a reasonable amount
be included in the budget of the
school city to meet the most press
ing and urgent of the housing
needs"
Mr.. Wilde pointed out in lament
ing low salaries of teachers in In
dianapolis that the salaries are not
now commensurate with the i'm
portance of the profession.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26


During that time it has come
to be one of the most sincere, and
on the whole, effective of New
Deal commissions. This is due
chiefly to the fact that the Presi-
dent started the SEC off with
genuinely high-grade group of
commissioners.
But perhaps because the quail
ity of its personnel is so far above
par. more is expected from the
SEC than from the faltering
steps of many other New Deal
agencies.
At any rate, certain weaknesses
have developed in the administra-
ton of the Securities and Stock
Exchange acts-though principal
~ the fault of the acts them
selves-on which the investing
public should keep weather eye.
CHIEF among these is the fact
~ that the law merely requires
company registering stock or
bond issue to tell the truth. The
company may be as crooked as a
dogs hind leg, but if it states the
truth in the prospectus issued to
the public. there is no way the
SEC can stop the sale Of the Sc
curity.
This is the greatest illusion
which the investing public cher
ishes about the SEC. The unsus-
pecting -the-street with a
few dollars TO salt away may have
the idea that because the Gold
Nugget Get Rich Co. has been
o. KID by the SEC, it is as sound
as the Rock of Gibraltar, whereas
the company may state quite
frankly that its assets are purely
ethereal and its profits as Elusive
as FREELY.
One of the severest tongue
lashings ever given by the volatile
Ferd Pecora, former SEC Commits
sioner, was administered to a
woman broker who had lost
money on United States Smelling.
a fluctuating stock, and then came
to Washington to ask the COM
mission to collect.
n
THE SEC, however, has not
l. leaned backward to aid the
unwary investor in avoiding some
of these pitfalls. In fact its ruling
on the bond flotation Of the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

as we may, we will not be able
to remain aloof from the next
world war.
If we 60 in will we expose our
selves to all the follies, sins and,
in the end, the most prodigious
losses ever suffered by a victor
ious nation, as we did in 1917?
A T this moment, amid all the
"A troublous controversies of
peace, Congress is rolling up its
sleeves for a real scrap about the
next war. There are two groups.
Both want to take the profits out
of war One is strong in the
House. The other is strong in the
Senate.
One wants to take the profits
out of war by freezing and fixing
prices. The other wants to do it
by taxes paying as we fight"
One plan is put forward in what
is known as the McSwain bill.
The House has passed that. The
other is known as the Nye bill,
after Senator Gerald P. Nye,
chairman of the Munitions Com
mittee which has been inveStigat-
ing the munitions makers.
Before you can know what the
"shootin' is all about" you must
know several things about this Nye
committee. 1t has been looking
into the business affairs of the
munition makers who sell at least
four billion dollars year of their
destructive products to the gov
ernments Of the world.
Out of this investigation many
problems arise.
The committee plans to propose
legislation to cover all these prob
whether or not the govern
ment will nationalize the NUM-
tions business, the question of
permitting the sale of munitions
to foreign countries during peace
time, the problem OF selling NUM-
tions to belligerents during war,
the difficult question of trading
with warning nations and the de-
livery of any products on Ameri-
can ships, the policy to be adopted
with reference to lending money to
foreign nations, ana many others.
At this moment the committee
is dealing solely with the question
of profits in war. 1t has been
forced to advance this phase of
the subject because the President
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
The Big Guns Reared

d ORN while the big guns roared in the great war,
ID carried by some woman of France heavy already
with the fear for her loved the battle line.
And perhaps she prayed for daughter or she said,
they fight that this close TO my heart may never
know the agony which IS theirs
Surely no woman bargained that she should
ceive in pain to place recruits upon the altar
of anguish. Sleep little cabbage, close your eyes
and heed not that distant rumble. 1t is the guns,
but they are separated from you by many miles and
by the years of your infancy Daddys gone hunting
for that peace which shall be everlasting"
The babies were gay as they set forth to put
on horizon blue and take the chances of what the
next Is months may bring. They never heard the
screams and means of those who lay in No Mans
Land throughout the night cut off from stretcher
bearers.
And As they munched their chocolate they sang
the lively songs of the boulevards Not yet have they
learned, here's a toast to the dead already and
cup to the next that dies"
The Penrods of Paris play as yet something which
Is a game. They've cut the apron strings and are
rollicking of to barracks. Who's afraid of the big
bad war? And not the littlest OF the new re-
cruits Will whimper in the night or say to the SER
geant, "Comrade I'm homesck" And yet Herod was
more merciful when he killed the born while
they were still IN swaddling clothes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
Questions and Answers

Q-on what day of the week did Jan. So 1904,
fall?
A-Saturdsy.
O-What part of the camel does the hair come
from that is used in camels hair brushes?
A-They are made from the tail hair of Siberian
SQUIRRELS not from camel's hair.
Q-How many foreign born persons q years and
over residing in the United States in 1880, were
naturalized and how many had taken their first
papers?
10 $3.50 407 foreign born residents. of whom 1927 436
were naturalized 1.2l8,4l6 had first papers. and
1892 S37 were aliens. The citizenship status of
ABS was unknown.
Q-What is the area Of Manehukuo?
A-The Manchukuo Year Book of 1884 gives 46O-
So square miles the estimated area.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

Northern States Power Co. has
let it in for considerable criticism.
In this. the company purported
to show an earned surplus of
slightly over $4,000,00O, although
Arthur Anderson, the accountant,
refused to certify this, and indi-
Gated that instead, by one form
of bookkeeping the company had a
deficit of $1,100,000 Thus. accord
ing to the accountant, the COM
pany's balance was overwritten by
a total of over S5,100.O00.
BY a 3-to-2 vote, however, the
SEC let the Northern States
Power Co. get away with pre-
senting this balance sheet in its
prospectus. 1t contented itself
with the fact that the item was
explained by the accountant in
the explanatory pages which fol-
lowed. failing to take into con-
Sideration that the average in
weston never examines the reams
of explanatory material accom-
panying a prospectus, and does
we'll if he glances through the
prospectus itself.
THIS tremendous accumula-
l. ton of evidence in the regis
tration of a bond issue is one
practice which tends to defeat
the purpose of the securities act.
The Pacific Gas and Electric, in
all good faith, for instance, filed
$4,000 pages with the commission.
Obviously no one but a corps of
trained accountants could make
head or tail out of such a detailed
report.
And the average investor just
hasn't chance.
At head of the SEC sits free
killed.. Sandy-haired dynamic Joe
Kennedy, moving picture mag
nate, close friend of the President,
and hkable. fighting Irishman.
Kennedy is putting his whole
soul into the job. and also a lot
of his money. To avoid any ap-
pearance of stock manipulation,
Kennedy locked all of his stocks
in safe deposit vault and refused
to sell even when he knew certain
holdings were in for heavy losses.
AS a result his values have depre-
ciated by s150,00O during the nine
months he has been in Washing
ton.
copyright. 1885, bv United Feature
Syndicate, lnc.l
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
EUEnouh
BY
WESTbROOK PEGLER

THERE has been an underourrent of criticism OF
l. Mrs Franklin D. Roosevelt lately. giving your
correspondent to wonder what the lady would have
to do to please some people Mrs. Roosevelt is less
conspicuous just now than she used to be. either
because her restless peregnations in the little blue
roadster and the transport planes have lost value
along with novelty or because she has decided, for
reasons of her own, to travel less and withdraw
pace from public notice Nevertheless, she still
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

figures in the public imagination
as a remarkably active and agrees
sive woman and either a good pub
lie servant or a bustling busy-body
who ought to have more dignity.
There are not a few who think the
latter of Mrs. Roosevelt.
Going back to the time when
Mrs. Roosevelt took off1ce-snd it
would be foolish to deny that she
did take Office along with the Pres
ident-your correspondent remem-
bers that her activities were wide
" acclaimed as a favorable change.
She was down a hole one day, ask
ing Giuseppe and Stanislaus how
they were getting along in their
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

gifts and candy, CAKE and denca-
cies."
Born while the guns were roar
ing, some Of them not yet quite II,
the youth of France takes up
where another generation stopped
from wounds and death and sheer
exhaustion
And how old did you say Pierre
was now? Seventeen his next birth
day? I suppose he must be quite big
by now. It's years since I saw
him. And yet it seems like yeSter-
day that he was just baby crawl
ing along the parlor floor. And GER
tainly it can't be so long ago that
I watched him nlaVinp with his
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

work and the next day found her investigating work
ing conditions among the Steeple- Jacks
She drove her own car which was something
for the papers. and the casual manner in which she
hoped around in the big planes very definite
boost for the air transport business Mrs. Roosevelt
wrote pieces for a magazine and more pieces for
newspaper syndicate and. though they won't live as
literature they were all right and, moreover, home
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26

five years of the World War
1915 to 1919.
AS matter of fact, however,
huge as these earnings were, they
we're small in proportion COM
pared with the profits of some of
the war babies. One steel COM
pany made 267 per cent. This may
sound excessive until you are told
that another company made 648
per cent and still another 676 per
cent.
1t would take a man 100 years
and over on a guaranteed invest
ment of per cent to make what
this steel corporation cleaned up
in one year when its country was
at war
DUT save your gasps. Another
ID company made 943 per cent,
got back its capital stock value
nine and a half times in a single
year as its dividends on national
disaster.
1t is easy to grow wrathy at
men for such evidences of greed.
1t must be that men do not TN
derstand fully the deep implica-
lions of their own acquiSitiveneSS
1t is amazing how audacious some
of these steel men we're.
81 1r1rr
frantically to get supplies. 1t had
not the time to bargain too close
ly. What it wanted was NUM-
tions for its soldiers. Manufact-
urers knew that. And they did
not hesitate to take advantage
of it. Some complained that they
were not being paid enough.
The Federal Trade Commission
made an investigation of the prof
its of some of these complaining
companies. Here are the profits
which some of the companies we're
making:
Per cent profit
for 1917.
Allan Wood Iron g. Steel Co. 52.63
Allegheny Steel Co. .............. 1892
American Tube g. Stamping Co. 4O.O3
Central Iron g. Steel CO.......... 71.35
Eastern Steel Co. ............... 1924
Forged Steel Wheel Co. .......... 1O5.40
FOllansbee Bros. Co. ............ 1913
Nagel Steel Co. .................. 319.61
West Penn Steel Co. ............ 1901
West Leechburg Steel Co... .1O9.O5
II
THE copper companies did
l. quite as well-or i'll. The Utah
Copper Company made $4,000, 900
in 1917. That meant 200 per cent.
The Calumet and Hecla made
100000 per cent profit.
The munition maker must have
sulphur. The Union Sulphur Co.
made sulphur for $573 a ton and
sold it for $18.11 ton.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
CAVINS LAUDS G. o. P.
Can't Blame Republicans for Con-
ditions in Z. S., He Asserts.

Alex G. Cavins, former assistant
United States attorney, told mem
bers of the Indiana Women's Re-
publican Club yesterday that the
Republican party can not be blamed
for any of the financial trouble or
economic unrest in which the
country now finds itself. The meet
ing was in the Columbia Club.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-26
THey Are Torn Loose

THESE are the lads torn loose after 16 or II years
Il of nurture. Nor they being sent to war. They
will but drill and fight sham fights and thrust bay
onets a little awkWardly into the straw bellies of
dummies swung upon cross piece.
This is the thrust. little man, if you would dis
embOWel your adversary"
OF course this isn't This is the prepared
which makes for peace. The next world
Is all the way around the corner.
Pierre and CASTOR. Henri and Georges be choosey
with your bon bonS. Take of the better sort all
wrapped in foil Here's a maraschino cherry. You
play at You lark and sing. But note that
something strs the wheat field below the ridge
where you and the other babies are encamped 1t
moves slowly and on its belly. Infants that is the
next 1t creeps up upon you. And it will be
a of blood and torture Take another choco-
late.
You did not hear, your mother did, the guns Of
conflict You must break free of that prenatal
curse. Now is the time to say Il will not" Speak
for your integrity and that of the woman who
bore you. You life and old would
denim YOU. Death always condemns life. Choose
for yourself and for the young and the quick of all
the world. They your comrades
And you the women of England and Germany
and Italy and America. how old is your son? And
you content to wean him to carry the line
of crosses?
(Copyrieht. 1857