Newspaper Page Text
ifeoK EkNooK Mum > I i A Pearl S. Buck There is at least one author who will have a fine Christmas and that is Pearl S. Buck. All because her second novel, “Sons,” is being listed by all people in the book business as one of the best sellers of the year. Her first “Good Earth,” swept the country with its popularity. BY WALTER I). HICKMAN IN “A Family Aflair,” by Lillian Gill, I found an unusual tri angle—a young wife discovers that her friendship with her father-in law has developed into love. In this story, the love is mental and of deep understanding for the troubles that both experience. Here is not lust or love of physical pos session but the fine mental under standing and desire of two people lor their own friendship. You are chiefly concerned with Amelia de Lorme, daughter of a poor French baron of the old school who tries to keep up the splendor of his past with an empty pocketbook and the thought that his daughter would marry a rich Frenchman. Amelie violates all rules of her family circle by eloping with Vernon Hole, a young rich American who was in France trying to write a novel. Young Holt is very wealthy but his father Ledyard Holt, many times a millionaire finds it difficult to per suade his son to prepare himself to step into his father’s shoes in a vast rubber business. That is the horrible conflict be tween father and son. Holt, senior, had another problem and that was his daughter, Mariette, who hiked off to Chicago, and started a trial marriage with an anarchist. When you first meet Mariette on her return to the home of her father she arrived for one purpose—one to tell her father that s u e “hated him," only to discover by telegram that her anarchist “husband” had been jailed by the Chicago police. She then decides she needs $4,000. It seems that even an anarchist, even in story books, do not hesitate to turn to the rich, the target for their abuse and even their bullets .(speaking of this story) for money. Into this warring family of the Holts, Amelie becomes the center around which the family battle was waged. You see the fine and sensible friendship develop between Holt, senior, whose wife is dead, and his daughter-in-law. The background becomes dramatic because a bitter labor war (and you can see that the family would be divided even on that) starts against Holt and his rubber plantations and factories. Old man Holt and Amelie discover their deep love for each other when an attempt is made to kill the mil lionaire during the labor war. That is the problem—What did Amelie do? What did all the Holts do? Must ask you to read “A Family Affair,” pubished by Macaulay, New York, and sells for $2. Here is an intelligently and a well written book. The characters seem to live. That is a good test. a a a Am informed by the Business Branch Library of the Indianapolis Public Library that the following new business books have been placed lor circulation—" Fighting the De pression," by Babson; “Fashion Merchandising” by Nustrom; “Busi ness and Public Interests" by Javits: “Duties of the Senior Accountant,” by Thornton, and, “Working With Men," by Beasley. a a a It seems that several late book shoppers for Christmas want some help from this department. They want a list ranging from three to seven books suitable for adult read ing as gifts for both men and wo men. My list is as follows: “State Fair,” by Phil Stong; “Sons,” by Pearl S. Buck; “Mutiny On The Bounty," by Nordhoff and Hall: “In vitation To The Waltz,” by Rosa mind Lehmann; “The Sheltered Life,” by Ellen Glasgow; “Lances Down," by Boleslavski, and. “Life Begins at Forty,” by Walter B. Pit kin. I am sure that I am safe on that list. mao Duttons announce their prize book for January as "Sardinian Sideshow" by Amelie Posse-Brazdova. It is said to posses “humor, romance and color.” arm Yes, the present successful play “Dinner At Eight,” by George S. Kaufman and Edna Ferber has been published. It has been published by Doubleday, Doran and sells for $2. non You still want to know my favor ite novel of the year? Here is it— ► State Fair,” by Stong. And a Merry Christmas to you. Foil Leased WJra Rfrrtce of the United I’rexi Association MILLIONAIRES’ ROW SHRINKS IN DEPRESSION Three Out of Four in Magic Circle Tumble From Proud Position. DEEP CUT FOR INCOMES Corporations Are Especially Hard Hit, Government Figures Reveal. BY HERBERT LITTLE Times Staff Writer WASHINGTON. Dec. 23.—Three of every four of America’s “million aires”—persons with income of $50,000 a year or more—were de throned from their eminence be tween 1928 and 1931, the treasury’s annual analysis of income tax fig ures showed today. And the $1,000,000 a year incomes reported by individuals dropped from 511 in 1928 to only seventy-five in 1931. The “millionaire” incomes of $50,000 up totaled 43,184 in 1928, and actuaries estimated that at least cne-half of these actually possessed capital of $1,000,000. But last year this classification numbered only 10,779. Their aggre gate net taxable income was re ported at $1,282,659,757. compared with more than six billion dollars which the 43.184 "richest” men and women reported to the tax collectors in 1928. Four fict Five Millions in 1931 Os the seventy-five multi-million aires, four had incomes last year of more than $5,000,000 each. The net income of the four together amounted to $38,258,114. Seven other rich men. receiving between $3,000,- 000 and $5,000,000 each a year, re ported an aggregate of $25,633,048. The income reported in 1931 by all those fortunate enough to be required to file income tax returns, whether their incomes were taxable or not, amounted to $13,231,352,042. In 1930 the total was more than seventeen billions, as compared with twenty-five billions in the peak year of 1928 and twenty-three bil lions in 1920. ; The individual income tax paid ; this year on 1931 incomes amounted j to only $241,282,875, most of it com | ing from the “middle bracket” in | comes of from $15,000 to $200,000 a year. Tne four men with incomes ;of more than $5,000,000 a year paid $5,755,400 in taxes. Corporations Hard Hit But the corporation returns showed even more drastic results of the depression. Out of 493,293 corporation reports, only 170,683 showed a net income. The gross in come of these concerns was $44,512,- 000.000, the net income was $3,- 110.000.000, and the tax paid was $331,000,000. The returns of 269,704 corpora tions which showed no net income, and therefore paid no tax, listed deficits aggregating $6,087,626,724, on a gross income of $48,410,000,000. These figures compare with a net taxable corporation income total of $5,627,000,000 for 1930, and a deficit of slightly more than $4,- | 000,000,000 by the non-profit report ing corporations. Back in 1928 the profit-making corporations reported gross income of more than $127,000,000,000 and taxable income of nearly $12,000,- 000,000. TWIN BABY BOY DEAD Acute Gastritis Is Fatal, Ruling of Deputy Coroner. Herbert, 4-months-old twin son of Mr. and Mrs. Herbert Stamm. 3936 English avenue, was found dead in bed today by the mother. Acute gastritis caused death, ac cording to Dr. E. R. Wilson, deputy coroner. Cocktail Accessories Top Gift List; Do Everything but Drink k. The set at th. irglit includes cocktail shaker, bottle opener, cups j class. Progress seems to* hat i for Ingredients. In the foreground is a two-drink flask, stopped last year, and civilizatio wlsrfgnjthat’the season far cha-nber is empty during the ae- Genevieve Colt.ge demons.raf- / wBK'A felt produced no novelty to vie tual shace - but after the dnnks >ng the electric face troncr. j Jl WMj. f. Ml \ the S I VZ£ C d ‘ gg f r ’ hSVe bene P ° Ured ' 006 may re ‘ your drinks like sugar. It kills \WI if & -Buddy’ rephS'a deep voice c Ans vettherear? mam’ “T’ 6 buslness time better than bagatelle. I IS? ML MI ' the other end of the wire, “tl •aordinary items on the Sun- Slde ° f the shaker and store Uin Gifts for the drinkers seem to ¥|| j . ' AIT I only animal people are giving this season the empty side, where it refrig- be. in fact, more appropriate than I wm maybe Christmas seals.” here is. for instance, a rubber crates without further diluting the ever bef ° re this year. There's the / V HI I As ?°°d a suggestion for agi )g which looks like a fly swat- i drink-supposing there is any hanSome leather with a > j as came through the mail :h out into the rain and catch drink left ' lock on the bottle so that the own- ■ 1 I Economical Christmas Cheer, tw drops for application to her er can lock himself out whenever ; I The Christmas “Package’ coi ?ks. A N eminently practical arrange- I he wants to go on the wagon. ! \ sists of three twenty-six-oun his is called a rain patter, and | m , ent is a sort °* double tray There's a fancy bar on wheels, i quarts, as follows: One qua The flask at the left (cost, plenty) has a crystal stopper and a lock. The set at the irght includes cocktail shaker, bottle opener, cups and four flasks for ingredients. In the foreground is a two-drink flask. BY A. J. LIEBI.ING Times Staff Writer The unusual Christmas gift will be the rule this year, according to the pessimists, because it will be unusual to get anything at all. Ignoring them, it must be ac knowledged that the season so far has produced no novelty to vie with the electric worm digger, which made 1931 a vintage Yule tide. And yet there are many extraordinary items on the coun ters this season. There is. for instance, a rubber thing which looks like a fly swat ter. witW which a woman may reach out into the rain and catch a few drops for application to her cheeks. This is called a rain patter, and is supposed to be very good for the complexion, if it does not run. It also proves that one smart enough to come in out of the rain may wish to bring the rain in after one. and it costs only $2. The rain is free. The Indianapolis Times Jobs for All; Plenty of Leisure; Higher Living Standards—That’s Technocracy’s Rosy Vision Now, What Is This New Science? Leaders Re luctantly Tell. What is Technocracy? How did it atart? W'hat are its discoveries and its aims? How would it affect everyday life? . . . The Times begins today six articles interpreting this amazing new ‘‘scientific philosophy” which soon wilt be on everyone's tongue. BY PAUIThARRISON NEA Service Writer -VJTEW YORK, Dec. 23.—A job In for everybody between the ages of 25 and 45—and after that you go fishing on an income paid by the state ... * A sixteen-hour working week— four hours a day for four days— and the rest of the time for leis ure . . . A standard of living ten times higher than our present average— a scale corresponding to a SIO,OOO income under our present sys tem . . . Abolition of debt and the im passibility of assuming new debts . . . More goods and a higher qual ity of goods—and elimination of waste of our natural resources . . Those are just a few of the roseate visions of the new scien tific philosophy called technoc racy. By many, it is spoken of with distrust and fear; by others, with approval. Few even pretend to understand fully what technocracy really is. Whether Howard Scott, chief technocrat, likes it or not— and you may be sure that he doesn’t—technocracy is undergo ing all sorts of interpretations. While some term it radicalism rampant, others consider it, con servative science. Some see in it an attempt at the deification of a clanking robot. And others, through it, glimpse Utopia. o o o HERE are some other things the Technocrats believe: That this nation, with the greatest debt load and unemployment in its history, in the midst of an economy of plenty, is definitely at the end of an era and stands face to face either with bankruptcy or complete chaos —possibly with in eighteen months. That our social system has been subjugated by the machine, and that our economic scheme is whol ly incompetent to cope with me chanistic advances which seem bound to make over our collective life. They also forecast the doom of our economic “price system,” which is the evaluation of one commodity in terms of another commodity, and declare that it is basically responsible for our pres ent accumulation of debt, unem ployment, and industrial stagna tion. They contend we must throw overboard all previous economic theories and social philosophies, as well as the political “isms” of Messrs. Marx, Lenin, and Mus solini. Those are, at best, gloomy views, and have brough widespread criti cism to Technocracy for the up setting effect they may have on a shell-shocked public. Technocracy, on the other hand, does not admit pessimism; it says that if the nation will but organize for the control of the machine, we are on the eve of a great era of well-being. non Neither Scott nor his asso ciates—most of them re putable engineers and scientists — are alarmists. Ten years ago, studying their graphs and extend ing them along probable se quences, they claim to have found evidence that America would en counter a severe depression in 1930 (an error of about six months.) What might be a companion gift is a face iron. Milady smears cream on her face, plugs the iron in on the house current and irons out her skin. There is also a grown-together cocktail shaker of pewter. One chamber is empty during the ac tual shake, but after the drinks have bene poured, one may re move the ice from thg business side of the shaker and store it in the empty side, where it refrig erates without further diluting the drink—supposing there is any drink left. bub AN eminently practical arrange ment is a sort of double tray of individual compartments for ice cubes. You put the cubes into the com partments one by one with tongs, assuring t>ie privacy so dear to ice cubes, and then you pick them out one by one and drop them INDIANAPOLIS, FRIDAY, DECEMBER 23, 1932 ---; It seeks to form a complete Die- ~ ■ -JSNJII- * ' They said nothing of it then and profess reluctance to talk about it now. They say that but , for a probing press and a curious public, the very existence of Tech nocracy would have remained a secret until their work could have been completed and presented to the public. But technocracy was discovered, and in a few weeks has become a subject of discussion throughout a worried world. Technocrats first found themselves busy repudiating allegedly inaccurate statements of their aims, and now are shud dering under the attacks of critics who are using those statements as the bases of their opposition. Howard Scott wishes everybody would go away and let him alone; he has a lot of work to do. But before he locks himself in the office he is using at Columbia uni versity’s school of engineering, he intends to state the case of his group. Reduced to its simplest terms. Technocracy is a fact-finding or ganization concerned with the dis covery of what is happening in dustrially to North America. It seeks to form a complete pic ture of our present social mechan ism in terms of the practical sciences. Scott declared at the outset— and that was twelve years ago— that he believed the whole func tional process of a nation or con tinent could be reduced to cold figures, capable of only one inter pretation. All divergent economic and in dustrial theories, he felt sure, are the results of lack of co-ordina tion, or of misinterpretation of half-facts. a a a SO the Technocrats decided to survey some 3,000 leading in dustries—from toys to tractors, pop bottles to pig iron. They did not study cost or price factors, considering them unstable and meaningless. But they did study such definite aspects as machine energy and man hours expended for the unit of production, and rates of in -creased technological efficiency. They put into their unemotional charts the story of power conver sion, the introduction of improved machinery, and the resultant ef fects on employment. Genevieve Coltage demonstrat ing the electric face ironer. into your drinks like sugar. It kills time better than bagatelle. Gifts for the drinkers seem to be, in fact, more appropriate than ever before this year. There’s the complete tippler’s outfit in a handsome leather case, w r ith a lock on the bottle so that the own er can lock himself out whenever he wants to go on the wagon. There's a fancy bar on wheels, made of a barrel, which takes the place of the obsolete tea cart. Not to forget the ice cubes tongs which are used to protect oneself when the guests get to the throwing stage of the party, and the elec tric face ironer, which is about as Here is a pictorial suggestion of what Technocracy is all about . . . The lower picture r-hows a primitive Chinese power plant employing labor of two coolies who, together, generate about one-fifth horse power. At top is a modern turbo-generator plant operating under the observation of one man. The power it generates would exceed the combined energy of 100,000 coolies. Inset (upper left) is a graphic statement of Technocracy’s work plan; a person working four hours a day, four successive days a week, would have a standard of living corresponding to a SIO,OOO annual income. Technocracy assumes that our physical and social well-being is dependent on physical com modities and their use. Everything necessary to this well-being is produced by energy, whether that energy is delivered by men or machines. And energy, as every one knows, is definite and measurable. It is, says Technocracy, the only intan gible factor of our present-day scheme which can be measured in tangible terms. For example, so many thermal units of heat produce so much steam to strip so much iron ore, ■which in turn is transported by a determinable number of horse power, refined by a given amount Complete bar on wheels, replacing the old-fashioned tea wagon. satisfactory as any other device on the morning after. Dog dishes plainly marked “Dog’’ so the brute eannot make a mistake are featured in one of fuel, and transformed into use able goods by so many foot pounds, ergs or some other units of work. And so cn, throughout industry and its products. n n tt AN ENGINEER can determine very closely just how much human and machine work is rep resented by the production of an automobiles. No matter how widely the car’s money value might vary, that energy measurement would re main inflexible. “Value,” which is an expression of human desire, is almost wholly relative. And "money value” is dependent upon additional economic varia- shop, and one storeroom had a brainstorm and invented a set of numbered cocktail glasses, so every time you glom somebody else’s drink you will feel guilty, because Second Section Entered as second Clax* Msfter at Poxtoffice. Indianapolis World Is Blue Printed: Economic Theories Go Overboard. bles such as stock markets and gold reserves. So the Technocrats are seeking to translate our industrial trends into energy, with the idea that this is the only true yardstick for measuring the growth of our robot age. “Business has been guiding itself by standards which we believe have no fundamental relation to reality,” said Scott. “Indexes such as prices and gold movements are not causes, but effects. "The thing that conditions our society is whether a man can be at work and earn his daily bread.” Only about 300 charts of indus tries have been completed by the Technocrats, and these are to be exhibited early in 1933. Technoc racy is a non-profit-making mem bership organization, and can do nothing with its findings except to make them public property. The group is financed by con tributions from fewer than 100 of its members’. Its draughtsmen are paid by the architects’ emergency committee, and its quarters are furnished free by the industrial engineering department of Colum bia university. atto “/AUR work has been merely to measure the advances made in machine production, from the beginning of the technological age to the present,” Scott ex plained. “No sentiment, politics or social considerations are taken into account.” Thus Technocracy has been more concerned with the rise of the robot than with what is hap pening to the man who is out of a job. It has paid more attention to industrial waste of natural re sources than to economic waste. It attempts to go beyond all present argument to the effect that our present system can lift itself from the dpldrums, and de clares that there are incontrov ertible reasons why that system can not survive more than a rel atively few more years. At our present geometric rate of expansion, for instance, even our coal, oil and minerals would be depleted in half a century and would bring us to an abrupt halt. Technocracy believes that, un der scientific control. America’s standard of living can be raised and its resources conserved for at least a thousand years. Yet Technocracy is not a defi nite plan, but a challenge. It finds facts, co-ordinates them, and shows what technology is likely to do in the future. Then it shows, by implication, what course we are expected to follow to keep pace with the ma chine. Next: Who's who in Technoc racy, and how the movement started. ASH IS IN HOSPITAL Community Fund Official Undergoes Appendicits Operation. Condition of William J. Ash, 5440 Carrollton avenue, Indianapolis Community Fund publicity director, who underwent an operation for ap pendicitis at St. Vincent’s hospital Thursday afternoon, was reported good today. He was taken ill suddenly after trimming a Christmas tree and par ticipating in a birthday celebration for his daughter, Joan Ash, at his home Wednesday. Left to right, ice cube holder, cake cutter, ice tongs and indi vidual holder for ice cubes. you have no chance to say you made a mistake. B B B OBVIOUSLY, none of these is in the electric worm-digger class. Progress seems to have stopped last year, and civilization is in reverse. Even use of the classified tele phone directory failed to turn up novel gifting. No one has ordered an Abattoir for Christmas, nor an Abdominal Supporter, Abrasive Materials or Abstract of Title. There is no seasonal demand for Arch Supports (non-metal) nor Artificial Eyes. “Animal Dealers?" “Buddy,’ replied a deep voice on the other end of the wire, “the only animal people are giving is maybe Christmas seals.” As good a suggestion for a gift as any came through the mails. It read: Economical Christmas Cheer. The Christmas “Package’ con sists of three twenty-six-ounce quarts, as follows: One quart Grain “White” with essence, re tail price $2 (makes 2‘i quarts of gin); one quart Applejack (Jer sey’s best) $2.75 (aged and high proof; one quart Apricot, $1.50 (ladies’ favorite beverage). Total, s6.2s—ail for $5. FARMERS CALL FOR QUICK AID ON MORTGAGES Serious Emergency to Be Faced in Sixty Days, Congress Warned. BILLIONS ARE INVOLVED Bills to Stave Off Disaster Are Being Prepared by Democrats. BY RUTH FINNEY Times Staff Writer WASHINGTON. Dec. 23.—Con gress has been told by farm repre sentatives from the west and south that unless some arrangements for refinancing farm mortgages is made within the next sixty days a serious emergency will confront the coun try. That is the reason for sudden ac tivity on the subject, at a time when other matters are being postponed until after the holidays. Three different groups of senators and representatives met to work at the problem of farm mortgages Thursday. At their meetings stories of farmers armed with pitchlorks to prevent foreclosures, or agreeing among themselves to buy in prop erties at prices yielding nothing to creditors, were interspersed in legal istic debate over property rights guaranteed by the Constitution. Action Is Demanded Congress has unquestioned power to scale down principal and inter est of mortgages held by federal land banks and intermediate credit banks, but liens held by individuals or private banks present a more dif ficult problem. However, in the last few days even conservative members of con gress have expressed themselves as believing that the situation de mands action, whether it is later approved by the courts or not. Farm mortgages outstanding amount to approximately $9,000 - 000,000. Bills are being prepared today along the lines suggested at Thurs day’s conference of Democratic leaders with representatives of farm organizations and several of Presi dent-Elect Roosevelt's advisers. Government guarantee of mort gages and general scaling down of principal and interest rates were discussed. Several Remedies Pondered Creation of a debt conciliation commission, creation of an emer gency fund for the benefit of delin quent borrowers, additional capital for new loans, consolidation of fed eral and joint stock land banks, de ferment of payments for a limited period where borrowers are unable to refinance loans, and consolida tion of all agencies that now make loans to agricultural borrowers were mentioned as among the possibil ities by Senator Joseph T. Robinson, Democratic floor leader. Senator Robinson announced that consideration of measures along these lines would begin immediate ly after the holidays and that effort will be made to enact legislation quickly. Meanwhile, the senate banking and currency committee is holding hearings on the Frazier refinancing bill, which calls for use of the fed eral farm loan system and the fed eral reserve system to refinance real estate mortgages at Its per cent interest and V, 2 per cent prin cipal annually. FEECUTNOT TO~BeT OPPOSED BY SEXTON Treasurer to Accept Settlement, De spite Suit, Says Office. Delinquent tax fees on the re duced basis fixed by the special leg islative session will be paid Tim othy P. Sexton, county treasurer, in the 1932 tax settlement with the county auditor, Dec. 31. Despite a suit pending in superior court four to prevent settlement un der the new law, it was reported from Sexton's office today that he would not oppose the settlement. The settlement will total about SB,OOO. Sexton will be paid delinquent fees of 2 per cent instead of 6 per cent, as under the old law’. The treasurer's demand and mileage fees also are eliminated under the new law’. Outcome of Sexton’s suit for in junction and another suit to test validity of the new tax laws will determine whether the treasurer can collect more than the 2 per cent fee. Starts Today in The Times Pink ‘SILVER DOLLAR’ A Gripping Tale of the Great West a a a Never before have you read a tale so strange and so excit ing! “Silver Dollar” taken from the First National pic ture starring Edward G. Rob inson. a a a The True Story of a Man Who Was Made by Silver and Ruined by Gold. BUB The unbelievable truth about the most gigantic figure of silver mining days—fickle in love—reckless in squander ing—as dramatic in losing millions as in amassing them. Six thrilling installment* of “SILVER DOLLAR” Read It Exclusively hi Times Pinks, Beginning Today.