THE CHARLOTTE UBOR JOURNAL AND DIXIE FARM NEWS ESTABLISHED MAY 12. 19*1 Published each week, on Thursday, at 118 East Sixth Street, Charlotte, North Carolina. 1 H. A. STALLS. Editor and Publisher - - . . . _„ ...-1 --- Entered as second-class mail matter September 11. 1931, at the post office at Charlotte, North Carolina, under act of Congress of March 3, 1*79. The Charlotte Lahor Journal welcomes Open Forum opinions and other correspondence, hut reserves the right to edit and/or reject libeldus reading matter and questionable advertising. Address All Communications to THK CHARLOTTE LABOR JOl’RNAL P. O. Box 1661 Charlotte, N. C. or Telephone 3-7060 Subscription price $2.00 per year. Aoyertiaiog rates made known upon application. Spee.ai rater on legal notices. Caretul attention given eqtrf i Editorial THE DANGER OF WAR INCREASED? Insistence upon prompt and speedy or ganization of fighting forces in Europe leads some Americans to wonder whether the threat of war is mere imminent now than when the United States began to rearm. There can be no positive answer. Every body recognized that there was the danger, if the Soviet Union was determined upon the use of force to advance its ambitions, that, before permitting us to balance the military advantage of the Russians, the Communist leaders would take the risk of war. The theory was that the Russians, having an advantage, would use it before we could strong enough to thwart their ag gression. While much progress has been made in the work of creating farces for the defense of Europe there is nothing like a balance.. as cf this time. The European contingents are hardly more than getting underway. The Soviet still maintains an enormous superiority of armed force on the continent. This, in the opinion of W’inston Churchill, has been held in check by our advantage in the atomic bomb. The Soviet Union, despite its recent his tory. may not want to risk a?£out war. Then again, the Soviet leaders may be con vinced that the western world, once its arm 'd forces are expanded, will attempt to use force against Russia. This latter the ory would support the belief that r.ather than let us build our military forces, as planned, the Russians will take the initia tive and start the conflict .We have no w’av of knowing what the Russians have in their minds, or what the future wu'll bring. As we see the world picture the rearmament program was a ne cess’tv to prevent the possible subjugation of tV free world and the abolition of much of what we consider vital personal liberties.. This being trye. we have no cours*. but to pursue our present policy, whether it brings war or not. We cannot afford to depend upon the good will of the Kremlin leaders for the right to live. INSTITUTIONS OF LEARNING ENTER BUSINESS FIELD Our institutions of learning are dependent in many cases upon the income that they obtain from their endowments. Return on investments has shown a tendency to de cline during recent decades and, consequent ly, some of our colleges and universities have been looking around for more profita ble investments than they have had in the securities markets. Along this line Vanderbilt Univesity has invested $1,250,000 of its endowment funds in a Mississippi river oil terminal at St. Paul, Minnesota. The university has also purchased a textile mill in Charlotte, North Carolina, a baseball and golf equipment plant in Tennessee and a warehouse in New Orleans. . This is along the line of the in vestments of a leading Eastern university which owns and operates a gear-makiiTg fac tory and a macaroni plant. The matter was argued at considerable length in Congress last year, jyith opinions somewhat divided. The essence of the de bate, it seems to us, centered around the tax-exemption provision that applies to in stitutions of learning, with a somewhat in definite conclusion that whenever a universi ty goes into business, it should be required either to pay the taxes that competing en terprises have to pay or use the equivalent in money for the benefit of education. We are somewhat familiar with the vi cissitudes that plague colleges which are dependent upon their endowment income for operating without loss. The investment of such funds represents a serious responsi bility. The difficulty is not solved by “go ing into business,” because there exists the threat of losing funds in an unprofitable enterpise. The trend in investments has been away from real estate and to stocks and bonds, but occasionally, one hears of an institution which has invested substan tially in real estate with extremely satisfy ing results. We know some ruffians whose veneer of civilization is wearing thin. Few wise men clobber their brains with statistics. Private capitalism will work well when private capitalists work well. CHEMISTRY MAY SOLVE WORLD'S FOOD PROBLEM The efficient application of present knowl edge of agriculture all over the1 world will provide nutritious food of high quality for four billion people, or nearly twice the world population, in the opinion of Profes sor Artturi I. Virtanen, a noted Finnish Chemist and winner of a Nobel prize for contributions to agricultural biochemistry. The Professor’s opinion is interesting be cause there have been rather ominous pre dictions in the past that the population of fhft, globe will outgrow its food supply. the Finnish* chemist may be entirely T&m’ct. everybody knows that there are millions of human beings, scattered in the undeveloped regions, who lack an adequate diet. Obviously, the perfection of crop yields opens a way out of the recurrent starvation in undeveloped areas dnd the de velopment of new sources of food through the application of chemistry may solve the problem. Professor Virtaren noints out that crop yields are very' low in many areas of the world. He says that in the United States the vield of wheat is 400 kilograms an acre, whe'-eos. in some countries of Eurone. it is pv hJ"V, f,<; i.rtOO kilograms. “Onlv in Den mark. Holland and Belgium are the vields r>e*- acre relatively high/' declares the Nobel prize winner. Dr. Wendell M. Stanley, of the Univer sity of California, another Nobel prize win "nr. noints out that at the present only a fraction of a per cent of the sun’s energv is utilized bv plants, whereas methods are known for increasing this utilization bv f rtv or fiftv per cent. He points out that f>vrv>pim