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Sp’iatr iJmtrnalEntered as second class matter in the poet office, Lincoln, Nebraska...J, C. Seacrest, President.Fred Seacreat, Vice President.Joe W. Beacrest, Secretary-Treasurer. Estate of C. H. Gere.MEMBER OF ASSOCIATED PRESS The Associated Press is exclusively entitled to the use of all republicatlona of all ne%a dispatches credited to It, or not otherwise In the paper, and also the local news published herein.All rights of republication ot special dispatches herein are reserved.PRICE BY MAIL, in Nebraska and Northern Kansas.Sunday Dally Both Per rear .........*2.50 94.UO 96.00Six Months ______________ 1.50 a.25 3,25Three Months __________ 1.00 1.25 1.75To other states: Sunday, 12*4 cents per month additional. Dally or Daily and Sunday, 25 cents per month additional.PRICE BY CARRIER IN LINCOLN, (or to Vacation Address,)Evening ...................I .55 monthEvening and Sunday.........,90' month.Morning and Evening .95 monthMorning. Evening, Sunday 1.25 month Morning Delivered by 6 A. M. Phone B33S3Dedicated to the people of Ne-oraska and to the development of the resources ot the state.—Sept. 7, 1567.There is no place like Nebraska.LAN PON SPEAKS OUT.Alf Landon has always been charitable in dealing with the president. He is still charitable, even after years of observation and analysis of what the* president has done. He sympathizes With the president in aims and objectives and regrets only that the president does not practice what he preaches, that he is swerved from the path that might reach his objectives by the bad advice of counsellors.Landon cannot condone corruption nor trickery on the part of the president’s advisers, nor can he hold the president guiltless when he follows their advice and condones what is being done by the chieftains of the present administration. There are republicans who will feel that Landon deals generously with the new deal chief executive, too generously perhaps, following many other admirers of the president who are drawn to the man but who can neither explain nor endorse what he does His position illustrates well the popularity of Roosevelt, the man, with the American people and the growing rebellion against what is being done by his administration, not only among republicans, hut among democrats as well.In a discussion of the president's most recent address Mr. Landon, in a speech to a republican rally at Council Bluffs, said among other things:Let Mr. Roosevelt abandon the confusion and contradiction that has marked his administration. Let him realize that the greatest peril to social reform is financial recklessness.Let him make another determined effort to eliminate waste and extravagance. Let him cease his nagging attacks on business. Let him, instead, undertake to bring about, an harmonious relationship between industry and labor and between them and the public.Let Mr. Roosevelt forswear all further attempts to tamper with the supreme court and get power into his own hands. Let him put a stop to the use of WPA money to buy votes.In short, let Mr. Roosevelt only practice what he preaches, and we will fight shoulder to shoulder with him.”Mr. Landon would put republicans in office. As he sees it the welfare of the people demands a change. It is to that end that he Is campaigning. There are those who criticise Mr. Landon for much he says. That was true during his campaign for the presidency. Mr. Landon says what he thinks and his critics in his own party can do no more than make the best of it.JESSE WAS A GENTLEMAN.Jesse James was a bank robber; a two gun man of an age when human life was not too highlyvalued. Jesse was a, bad man to most folks, but he was a gentleman to his granddaughter. It would be a strange world if he were not.One of the principal recompenses of parenthood lies in the fact that no matter what everyone else may think of a youngster’s father or mother, no matter how miserable, how ineffective, how corrupt, no matter where they may stand on the social scale, they are both superior individuals in the mind's eye of the child.To the youngster his daddy is a gallant gentleman, an individual cast in heroic mold. His mother is a gracious lady, a paragon of feminina virtues. Such are the prejudices of childhood. Such is the aberrated vision of youth.To a certain extent, the child looks upon his grandparents in somewhat the same manner. Can the parents of heroes be less than heroes? Of course not, and to the child’s way of reasoning, those whose offspring his parents are, must also be cut from heroic stuff. If death or distance separate the child from his grandparents, then the picture he draws of them is the one he sees thru the eyes of his parents, who in turn were the children of the persons who have now become grandparents and, hence, cannot be' expected, to see them, without the same defective vision.It is not at all surprising thatJo James, the granddaughter, 1should see her grandfather, Jesse, as a gentleman. That la only; natural. If she did not, then one might suspect something wrong with the young lady.DEAL IS NECESSARY.In an interview from Kearney Chief Project Engineer Wingfield for the PWA in Nebraska says, It has always seemed a trifle ridiculous to me that officials of the power companies here in Nebraska should issue long statements that their properties are not for sale, and that no negotiations are undemay, when the terms of their purchase have been practically completed by their holding companies in New York City.”It is stated in Lincoln at the offices of the Iowa-Nebraska Light Power company, that no negotiations have been begun or are underway for the purchase of their properties, either here or elsewhere. Thus a question of veracity has been raised.Mr. Wingfield was further quoted as saying, in relation to the purchase of the private power firms, that such action is necessary in order that the federal government may protect its interest as banker.” This sounds like an admission that the loans W'ere made In the first instance in a manner that did not protect the interests of the government, a 1 lender of millions to complete the projects. This has been the contention of the private power companies from the start, and it now seems to be admitted by this government agency, represented by Mr. Wingfield.Mr. Wingfield urges that communities desirous of constructing distribution systems act at once to secure PWA loans. Thus the power plants of Nebraska are to be further burdened and the consumers of power and light must * be charged to pay the bill for duplicating construction.These statements are purported ! to have been made by Mr. Wing- ' field after a conference with authorities in Washington. His statement that negotiation for the purchase of the power companies ' in this state was being carried on j with the holding company owners in the east was emphasized. Mr. ; Wingfield’s interviews are usually 1 given out in typewritten form and ‘ it seems improbable that he has ( been misquoted. ,STOCKS AS INDICATORS.The majority of economists who have commented on the recent rise * in stock market prices are of the lt;opinion that it may be taken as an ] indication that the business of the I country is on its way back. The i recently published report of the lt;National Bureau of Economic Re- ] search contained data covering ten lt;business cycles of the past, and the 1 conclusion reached by the editors i is that while the stock market sometimes fails to act as a barometer, it has signaled a slump i or an expansion an average of 1 seven months ahead. !These calculations all take 1 cognizance of the fact that a con- i siderable part of the trading on lt;the stock exchanges is a gamble, 1 in which the players are less con- * cemed about underlying values 1 than in the possibilities of reces- 1 sion or advance in the price of stocks. The fact that nearly half . the wealth, of the country is rep- ’ resented in investments in cor- ‘ porate stocks which can be bought ^ or sold at any time on the market gives substance and significance to stock market movements.It is not so much that after a decided swing one way or the other * in the price levels of stocks impetus 1 is given the movement thru the lt;operation of common psychological 1 impulses as the fact that some- J w’here, somehow, in the case of a i rise, for instance, some influence J has been set in motion to furnish i a floor for price rises. This may lt;come about thru the formation of ; the opinion of representatives of large interests that the bottom has been reached in a recession, 1 and that any turn that may come must be for the better. The influence is not so much upon the prices of stocks but upon general business which is always looking | for a hopeful sign, and finds this in the fact that substantial men think business is going to be better, and they proceed by their own commitments to help make it 1 belter.If the sustained rise of the last' ] few weeks is a real indication of improved business conditions and the laws of the past operate in the present instance a distinct turn for the better is due around the first of the year.BOOM OR BUST.The hopes of Paul V. McNutt of Indiana are reported to be grow- J ing on the harmony that seems to prevail in the democratic camp in that state, A political observer finds this harmony as conducive to the blossoming of McNutt hopes.The McNutt boom is a hardy plant. It first began to flourish when McNutt was commander of the American Legion and waxed j strong while he served .as governor ! of Indiana.Mr. McNutt is a 100 percenter He expresses the typical, legion |
Newspaper Details
Lincoln Nebraska State Journal
Lincoln, Nebraska, US
Fri, Jul 08, 1938
Page 8
Full Page
Clipped by
Joplin P.
MO, USA 01 Aug 2024
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