Evening star., 1938-09-28

late Chief Justice White (Catholic) and
the late Justice CardoGo (Jew), who were
tolerant. able, honest, square and fair In
their opinions and decisions. This should
be the only yardstick.
HARRY B. BACERACH.
Takes Issue With
Glass Definition.
To the Editor Of The Star:
HON. CARTER GLASS of Virginia IS
= quoted in todays news reports as de-
fining "a liberal" as "one who is willing to
spend other peoples money" and a con-
servative as one who has good sense"
The first Glassian definition probably
puts into the liberal" category the whole
American population, including Senator
Glass: although he apparently intended
to enroll himself among the exclusive
posseSsors Of good sense! No doubt
the conservatives could establish their
claim to being the only ones in the COM
munity endowed with good sense If only
conservatives were permitted to vote on
the proposition.
But, unfortunately for the veteran Vir-
ginian's classification of the liberal and
conservative elements, the ultra con-
servative group, comprising Federal Re-
serve bankers-for whom Mr.. Glass per-
forms the double role of patron saint and
retained counsel-are convicted on the
record Of being the chief offenders in the
matter Of playing fast and loose with
"other peoples money" witness Justice
Brandeis.
Not only were these money-changers
found guilty Of wasting in fraudulent
speculation the money Of their trusting
depositors, but on top of this they de-
liberately contracted what was left-by
calling loans and raising interest rates
to bring about the 1929 debacle. which
shut OF the money supply from every
body save the favored few of the Big
Money Boys. And even in normal times
this haywire Federal Reserve system
sponsored and defended by Mr.. Glass
operates in way to hold the creators Of
real wealth, the producers of goods and
services, in economic bondage to bankers
who, in open violation of the Federal
Constitution, are issuing and traficking
In the peoples credit, whilst they-the
bankers-are producers Of nothing except
debts.
Perhaps the complacency which some
times obscures the vision of the elderly
Is Withholding these well-established
truths from the consciousness of Sen
ator Glass of Virginia.
MRS. ANNIE RILEY HALE.
Sees Added Burden
For Taxpayers.
To the Editor Of The Star:
THERE has been some recent agitation
for removal Of the tax exemption on
Federal, State and municipal bonds
However, in all the discussion have seen
no mention to the following question:
Would not removal Of the exemption
force higher rates Of interest on the Sc
curities to cover the tax?
The result would be, rs usual with our
taxing methods, to pile up an added bur-
den upon the great bulk Of our taxpayers,
present and future, not Of the money
lending class.
WALTER N. CAMPBELL.
Spiritual Reminder
Praised BY Chancellor.
To the Editor Of The Star:
THIS is Just an informal note to thank
you for the editorial in Sundays
Star entitled "Crucihed." In these par
ticular times such arresting reminders
Of the spiritual crisis which underlies all
the political disturbance are especially
needed. and I find myself highly srati-
ded with The Stars appropriate utter
ance. JOSEPH N. n. GRAY,
0hAnoellee. the American Unlv&fty.