Judge — August 22, 1931 — page 15: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

& are living in an economic Steel cuts its dividend reduces salaries. The railroads want a 15-per-cent increase in rates and talk about reducing wages if they don’t get it. Scerctary of Commerc Lamont writes a letter saying that some industries face the alternative of closing down or reducin porarily. President Hoover issues a statement saying that no member of the administration believes in ch ing 4 icy of maint ance rs. Scerctary Julius Klein rin “We | are obviously coming out of the depression now; at the same time we are basis laid for an enduring, stable pro: perity that will resist another unt ce.” As y inillions a out of work, strikes disputes are on the increase. At the moment of writing the government slone is trying to adjust some 83 wvolving advoc ever a and labor controversies, workers. And yet there are statesmen who say we don’t need national planning! over Praiseworthy Youth uereas there has been so much publici through the daily and by word of mouth of the disregard of the youth of America to the proper enforcement of law,” ete., the Luther League, assembled 1,200 strong, voted to “call the attention the press and of the public to the hun- dreds of thousands of clean-cut, strong, Christian young business and professional men and women who are not only good citizens but strong Christian characters.” Well, we've press been watching the young folks ourselves, and in addition to those mentioned we approve of a lot of others. Some don’t hap- pen to be particularly clean-cut or strong. Some are not in business or a profession, but are students, wage- also JUDGE workers or farmers. Some can't prop- erly be described as Christian charac- ters, for they go to the synagogue or to no church at all, We object, in short, to the smugness with which the Luther League qualifies its endorse- ment of youth and limits the number of the praiseworthy. Hundreds. of thousands? There's millions of good youngsters, and it doesn’t take a sane timonious resolution to call the atten- tion of the press to them, We've seen “em all the time. Pseudo-Profiteering wat war would break out in Europe during July was. cate- gorically predicted last. spring by General von Ludendorff. His own countrymen know this aged general to be a fanatic, and by his own admission his frequent warnings are met with Nor do other ons take him ys It remained for an Ameri- an investment house to make un- scrupulous and immoral use of the general's farrago. Ina circular sent to prospective investors in June, we find the followii “If the Luden- dorff prediction materializes, it should prove of great value to the American aviation industry, since F equipment, cte., will be required substantial quantities. ... As a result of the World War, many Americ aviation sccurities scored sensatio! advances because of increased carn- ings and activities due to the large volume of European business. Who can tell what our aviation industries will do if, as and when the indicated European war mentioned by von Lu- dendorff really materializes?” Not only this, but this enterprising vendor of securities hazards some prophecy of its own as follows: “The recent mancuvers of the United States Army Air Corps was a demonstration of the acronautical strength of the United States and was apparently in- tended for something more than mere routine formation.” Profitcering is had enough. 13, Pseudo- profitecring is worse. It is an impo sition on the ignorant to sell stocks to- day on rumors of More than that, any such deliberate effort as this to increase the numbers of those who might conceivably profit by war, and who therefore might throw their in- fluence on the side of war, is a direct defiance of American public policy and an offense against humanity. It Does Flex Poreesn impression to the contrary, the flexible tariff does flex. With some pride the Tariff Commission an- nounces that since the reorg it has on the average disposed of a ease every week. A mere ree of the names of the products affe however, shows how slow and how complex is the process of attempting to adjust a polit economic facts. The articles on been reduced are: Pigskin leather; Pipe organs; Wood flour; Maple sugar and syru) Wool felt sand bodi: Sewed straw hats; Edible gelatine (lower-price grade) ; Olive oil in packages; Bent-wood furnitur The articles on which been increased are: Woven wire fencing Fourdrinier wire, cylinder wires wire cloth; Bicycle bells; Hemp cord: Dried egg products. In half the cases completed. no change in duties was made. In gen cral, the 50 per cent. maximum has heen applied to most of the increases, and to none of the decreases. Most of the decreases range from 121% to 28 per cent. No great hope for the consumer there. We are not yet per- ceptibly moving toward the drastic slashing that has got to come. R.JILW. which rates have rates have and netting. and comicbooks.com