South Bend Mirror, August 28, 1942

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ROCKEFELLER MONOPOLY PROBE KILLED - OTHER MONOPOLISTS INDICTED
Difference Who Sins
mnoR
FRIDAY, AUGUST 28th, 1942
ELIEVE IT
Or ELSE
MEAT O'  THE COCONUT
I
-:-      BY
SILAS WITHERSPOON
I
SAM PETTENGILL AND
ABE LINCOLN TEAMED
TO MAKE REPUBLICAN
PARTY JEFFERSONIAN
AND SAYE DEMOCRACY
G.O.R Finance Chairman Sam
Pettengill,
addressing a
conference
of Republican leaders
at Indianapolis recently, let a great, big black cat out of the
bag. He has quit the Democratic party and
joined the Republicans because of his political
kinship with Abraham Lincoln. Lincoln was
a real JefFersonian democrat, said so, and dedicated the Republican party, as he led it, to
Jeffersoni-sin, according to Sam. Sam and
Abe are the two real Jeffersonians since Jefferson; that is, of course, except all the other
Republicans. Sam hasn't surrendered any of
his JefFersonian principles by taking his job
with the G. O. P. He has just gone over to
the Republican party, founded by Lincoln,
where he finds harmony with his principles.
The Democratic party by going New Deal
quit itself and left the Republican party in
the Democratic saddle. To be a Democrat
now, you must be a Republican, — and, of
course, to be a Republican you must be a
Democrat, by the same token. I guess so.
Witness Willkie and Pettengill.
Of course, the Republican party has( clung
all the years, like grim death to the Jefferson-
ism of Lincoln. Albert J. Beveridge's damnation of Jefferson in his life of John Marshall proves that, quoting not only Marshall,
but James G. Blaine, Roscoe Conkling, Benjamin Harrison, Chauncey Depew, William
McKinley, Theodore Roosevelt — and he
might have added Boise Penrose, "Gas" Ad-
dicks, "Jimmy" McMillan, Tom Piatt and
Matthew Stanley Quay.
Jefferson has been a hoodlum with the Republicans ever since Lincoln passed out, and
with the Whigs and Federalists before him—
a natural inheritance from those G. O. P.
forebears. Sam simply can't stand the,Democratic party's desertion of Jefferson principles
for the New Deal, in which attitude there is
some merit, but instead of sticking to the
grid, and trying to wean it hack, he can forgive seventy years of Repubican apostacy, or
rather protracted enmity, still violently extant, and call the whole thing blessed all the
way back to "Honest, Abe." And thereupon
he joins up.
Such minds have queer quirks. Jefferson is
f{On Page Two)
Patent Cartels versus Identic Bids
IT' SEEMINGLY makes a lot of difference whose ox is being gored. Out of Washington comes
the glad tidings that nine firms have been indicted by a federal, grand jury in New Jersey for
defrauding the navy department with identical bids; Mr. Francis Biddle, attorney general,
boastful. It follows closely on the heels of announcement by the Senate Patents Committee, that
it is shelving ^he investigation of the patents monopoly probe, Mr. Francis Biddle, attorney general, interceding to that end. |K
The patents monopoly involved John D. Rockefeller, Jr.'s Standard Oil and Sterling Product
companies,—in conspiracy with German big business affecting pharmaceutical supplies and synthetic rubber, primarily tying them
Did Chicago Grand Jury Say    No
Bill7   to Avoid Tribune's Wrath
POSSIBLY there was no criminal intent in the Chicago
Tribune's June 7th yarn recently investigated by a
federal grand jury over there with a no indictment
consequence. Maybe there was no malice aforethought,
express, though implied, in spilling1 a bag of beans inimical
to the war effort; that it was just an, ebulition of an ambitious reporter on a dull day to dish up a "scoop." Being
something of a wiseacre, and craving authority for his
wisdom, he claimed it as of the "naval intelligence service,"
On Pago Three)
up against any war use whatsoever. The nine firms indicted are
suspected of connivance to defraud
the navy department in the sale of
$50,000,000 worth of insulated
cable.
Here is more fraud exposed,
whitewashed or to be punished
than came to light during the
whole of World War I, and the
prophets have it that there is more
to follow. The nine firms indicted
are the  Rockbestos Products cor-
(On Page Four)
"INVISIBLE GREENBACKS" AND OUR "INFLATION" BOGEY
INFLATION is just now the big bogey boosting for the war effort; to justify price-ceilings, and higher
taxes, and inspire bond buying. When people cannot be induced to accept the price-pegging, welcome
high taxes, and indulge the bond-buying on the purely patriotic grounds of war-aid, inflation is
flashed at them for a scare, and the fear of it is expected to turn the trick. There is danger of inflation;
indeed, it is a necessity, made so by the bunglingprocesses of the Washington econosists (Harvard or
its equivalent). Thanks for the artificiality, stilts as it were, upon which the war effort is being
forced to operate.
When the President put the lid on "business as usual," an economic process of exchanging value for value, and for the most part value with reproductive forces, he
yanked right from under our economic system'the basis upon which the
war might have been majorly* financed.       "fP
President Woodrow Wilson   urged   "business   as   usual,"  fjk
during World War I,   and   then   sought  to  take  the
from it to meet the war needs.    We had some inflation,
socalled, then, but it ran rather to
profiteering     and     racketeering,
than money   issues   and flotations of currency.
Now  what?    "Business
as usual" is reduced to a
minimum,—if   not below
it.   Dun and Bradstreet
report   25,000  firms   u
bankruptcy    be- ft
in
cause the substitution
of "all out for war"
put them there; they
couldn't get in on
the war. Thousands
of others are headed
in the same direction.
They willl have
no taxes to pay, and
they can't buy bonds
with nothing; neither are they furnishing employment to
others to enable them
(On Page Six)
ASHINGTON
e co no mists
have imposed
a situation under which
every dime paid out for
war or war production
must be immediately
paid back for war bonds
or in taxes to avoid inflation of currency to
make up difference.
Nothing out to live on.