OCR Interpretation


The Illinois standard. [volume] (Chicago, Ill.) 1948-1949, December 11, 1948, Image 1

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn82015060/1948-12-11/ed-1/seq-1/

What is OCR?


Thumbnail for

■ ■>■■■■■>.■■■>;
\ Tempest :
■ in a pumpkin ■
■ *
Copyright, 1948, by The Illinois Progressive Publishing Company _see page 4
VOL. 1, NO. 14 Chicago, Dec. 11, 1948 i? ( ) * *
Be a winner!
A trip to Europe, all ex
penses paid!
That was the Grand Prize
decided upon this week by
The Illinois Standard for the
subscription contest now un
der way.
The all-expense trip to
Europe tops a long list of con
test prizes announced in a
full-page display on page 5
of this issue.
The goal set for the contest
is 10,000 new subs or re
newals, with Lincoln’s Birth
day the sub-getting deadline.
Two points toward a prize
is given to anyone bringing
in a sub or renewal, and
prizes will be awarded for as
few as 16 points—8 subs.
Among the valuable prizes
are: fully-equipped Schwinn
bicycle, 17-jewel wrist watch,
waffle iron, electric broiler,
radio, leather jacket, table
lamp . . the kind of things
you need and want for your
self and your family.
If you hurry, you can still
win one or more of them for
your Christmas stocking!
BELL PAYOFF TO AT&T
BIGGER THAN PROFIT
City gets going on
800 postwar homes
Public housing in Chicago got
off to a belated postwar start
last Monday with ground break
ing ceremonies for the 800-unit
Dearborn Homes project at 27th
and State Sts. A crowd of 500
persons, many of them former
tenants of slum buildings razed
for the project, witnessed the
proceedings.
Originally planned as a war
housing development in 1945,
Dearborn Homes will be used to
relocate families displaced by
MAYOR KENNELLY uses gilded shovel in ground-breaking cere
monies for Dearborn Homes housing project at 27th and State Sts.
i Looking on are Aid. Robert Merriam (5th), left, and Chicago
Housing Authority Chairman Robert R. Taylor. The 500 spectators
impatiently wondered why—after three years' delay—work was
starting on 800 new housing units, not 800,000.
the city’s slum clearance and
housing program. The 16 build
ings of six and nine floors will
cost $9,824,000 and will be
fnanced from city, state and
federal funds made available to
the Chicago Housing Authority.
Construction is scheduled to
begin on three other relocation
sites in April and three more in
June, the CHA announced. In
addition, privately-financed pro
jects similar to the proposed
New York Life Insurance Co.
development at 31st and South
Parkway are planned.
Will housing
be Jim-Crow?
see page 3
March convention
will decide on
merger-FE board
The international executive
board of United Farm Equip
ment Workers (CIO) this week
issued a statement saying it
“cannot blindly comply with the
60-day ultimatum” of the Na
tional CIO board ordering FE to
dissolve and turn its member
ship over to the Utilted Auto
Workers.
Pointing out that the question
“seriously affects the rights and
welfare of our membership,”
the executive board announced
that the whole matter will be
referred to the annual FE con
vention, to be held in Cedar
Rapids, Iowa, March 25-26-27.
Illinois Bell Telephone Company, at the door of the
State Commerce Commission with a scream of hunger, has
removed from sight millions of dollars from its reserve
fund, it was disclosed this week.
Not content with sneaking the funds into a “deprecia
tion’' pool—an old accountant’s device—Illinois Bell has
openly dumped the bundle of cash into the pocket of its
largest stockholder.
Benefactor of the unprecedented deal is the already
bloated American Telephone and Telegraph Co., owner of
99.3 percent of Illinois Bell
stock.
Statistical eyebrows jerked
up as Illinois Standard re
search disclosed that for the
first nine months of 1948, pay
off in dividends to AT&T was
larger than reported profits
earned.
Profits amounted to $6,988,
861. Dividends paid to the na
tional monopoly were $7,980,
000.
Only in unusual situations
does a large corporation declare
a dividend of as much as 50 per
cent of its profits. To pay out
all its profits—or more than its
profits, as Illinois Bell has done
—is practically unheard of in
American business, one leading
economist told The Standard.
When a reporter asked a
phone company spokesman
“How come?” he got the reply:
“We dipped into our surplus
to pay dividends. We have a re
sponsibility to our stockholders”
—those “stockholders” of course
being AT&T, who, as nearly
sole owners, not only collect the
dividend but vote to pay it to
themselves.
So far as could be learned,
this comparison of figures had
not been introduced into testi
mony now in progress before
the Illinois Commerce Commis
sion on a phone company peti
tion to increase its rates by
$19,000,000 in Illinois. Most of
the testimony so far has been
taken up with receiving Illinois
Bell’s “starvation” figures.
Token opposition in the form
of cross-questioning has come
l from representatives of the City
of Chicago and other northern
Illinois cities. Most heated
against the proposed increase
is Mayor Henry C. Bloom o f
Rockford.
Figures Confusing
Mayor Bloom told The Stand
ard that those cities anxious to
head off an increase are stopped
for the time being by the mam
moth task of analyzing the
maize of Illinois Bell statistics.
“They have many ways,” he
pointed out, “of upping their
expenditures on their books.
Our city legal staffs are not
what we need. It is an account
ing job that has to be done by
experts on utilities.”
Such a project, the mayor
Continued on page 6
DOROTHY MAYNOR, noted so
prano, will sing here Saturday
night. See page 2.
Fast reports latest chapter in Franco story
Howard Fast, novelist
whose most recent book “The
Glorious Brothers’’ has been
widely acclaimed, is among
the leaders of the Joint Anti
Fascist Refugee Committee
martyred by the House un
American Committee.
If the issue of Franco
Spain is “not reached” in the
current session of the Gen
eral Assembly of the United
Nations now meeting in Paris,
s it will be because the plain peo
ple of nations in every part of
the world have clearly signified
that they have had their fill of
fascism, particularly of the last
avowed fascist dictatorship on
the continent.
It is not many weeks now
since the trans-Atlantic air
waves were laden with reports
of an impend
ing attempt to
introduce the
erstwhile part
ner of Hitler
and Mussolini
into the family
of nations: Cer
tain Latin
American coun
tries, notably y
Argentina, were F“•
were mentioned as the most
forthright sponsors of such a
move.
The American people were
simultaneously treated to a rash
of pro-Franco statements from
high government officials,
spokesmen of big business and
top-ranking military men. The
standard congressional itinerary
of Europe was extended to in
clude Madrid.
Senator Chan Gurney of the
U.S. Senate’s Committee on the
Armed Services, and a host of
others called for closer relations
with Franco Spain. Even Sen
ator Barkley, the Vice-Presi
dent-elect, declared in Madrid
that he felt future U.S.-Franco
relationships would grow
stronger, although publication
of his interview, held in Madrid
on September 3, was curiously
delayed until two days past the
recent national elections.
The question which has na
turally occurred to thinking
people in the United States has
been, “Why this sudden inter
est?”
The answer is that Spain, by
virtue of geographical location,
the weakness of its internal
economy, the orientation of its
political ideology, provides the
most logical base on the conti
nent for a crusade against the
Soviet Union.
As American policy towards
the Soviet Union has evolved
from “get tough” to the “cold
war’ ’it has not been necessary
to hide the motivation behind
our infatuation for Franco. It is
no secret that our soft policy to
wards the Franco fascist regime
is based on the value set on
Spain as a military base in a fu
ture war against the Soviet
Union.
What is a secret, however, is
how deeply American monopoly
is enmeshed with Franco fas
cism, and how deeply Franco
Spain is committed to the anti
Russian crusade by virtue of
American military intervention.
The facts and figures have only
recently become available to the
Joint Anti-Fascist Refugee Com
mittee from Spanish Republican
circles in France.
U.S. military intervention in
Spain has reached an all-time
High. Starting almost immedi
Continuec. cm page 7

xml | txt