THE MICHIGAN DAILY.





cWk's e Trade Review Letters from Fur pc


theatrical News


JEIVAL OF TRADE
THROUGHOUT .s
USINESS OF ALL KINDS FEELS
UPWARD MOVEMENT; RESULT
OF BETTER CO)ITIONS.

CLIMAX NOT YET REACHED
(Henry Clews and Company)
New York, Nov. 15.-Bank clearings
last week at principal cities aggregat-
ed $4,500,000,000, or 67 per cent more
thin a year ago. This is an astonish-
ing gain. In New York especially,
where a gain of 108 per cent was
made, the greatest increase was not-
ed, This, however, was due partly to
the fact that the New York stock ex-
change was closed a year ago. Out-
side of New York, where conditions
were more normal, the gains were al-
so impressively large. The returns
for the month of October were equal-
ly significant, the total being $20,000,-
000,000 against $11,700,000,000 a year
ago. Here is an increase of over 70
per cent at all cities.
So much for bank clearings as evi-
dence of trade revival. What. about
railroad earnings? In the third week
of October 32 roads reported earnings
of $14,300,000, an increase of 17 per
cent over previous earnings, and traf-
fic is steadily becoming greater.
The iron trade continues to furnish
examples of unprecedented activity.
Since the first of September orders
for over 1,000,000 tons of rails, 550
locomotives and 45,000 cars have been
placed. This only represents a por-
tion of the new activity in the steel
trade as many railroads are building
considerable equipment on their own
account and the steel companies are
receiving many orders for outside con-
struction work.
This activity is already spreading
to various branches of trade. The1
textile industries show a healthy tone,
interior merchants having often been
caught with comparatively empty
shelves, which are now being replen-9
ished. Labor is well employed and
generally at good wages.E
On the stock exchange speculationa
has slowed down somewhat, the rapid
advance of the last few weeks having
induced moderate realizing and a;
temporary reaction.
The war still has a powerful in-
direct effect on the market. The con-
tinued withdrawal of ocean tonnage
for war purposes is havinga tendency
to restrain exports, the result being
less pressure on commercial bills and1
an increased firmness in foreign ex-
chage.
As for the future of the market,
while reactions such as those wit-l
nessed during the last few days are,
probable and necessary, the forward
movement does not seem to have
reached its climax. The impetus of
good crops has by no means spent its
force, nor is there anything to counter-E
act the latter except unforseen unfor-
tunate events growing out of the war.
Another very important factor ist
HOT OFF THE C

the inflationary effect of our huge
gold supply and the operations of the
new Federal Reserve system, both of
which have laid the basis for a tre-
mendous expansion of credit. The
Allies are bound to continue coming
here for a large part of their supplies,
and having less merchandise to send
in payment, they must continue fo
ship gold as freely as possible.
In about three weeks Congress will
open and a new set of issues will be
pressed upon public attention. The
attacks upon capital, which have con-
tinued for over 20 years, have about
spent their force. Many of the old
abuses have been practically elimin-
ated, and this form of political enter-
prise is rapidly going out of fashion,
particularly since its injurious effects
have become so evident to all con-
cerned.
The problem of preparedness will
also figure prominently in public af-
fairs. This is an entirely new issue
and one demanding a prompt and sat-
isfactory solution. To it more than
anything else public attention will be
directed in the near future.

Classical Club t WAR FAILS TO AFFECT
Give Latin Playv.
Arrangements are being made by A D
ow members of the Classical club for E I" PROF. SANDERS
IN 1TALY RtEPORITS No S!&NS
he produtioi in the original Latin OF CONFLICT
J the "MenacchLi," a comedy writ-
ie carly in the first century B. C. The great European war has not in-
hy Titus Maccius Plautus. terfered with the work of the Amer_
All stude::ts taking work in. thet
Latin department and members of the ican Academy at Rome, according to
Classical club are eligible to try out a letter received by President Harry
for roles. The exact date of the try- B. Hutchins from Prof. H. A. Sanders,
outs will be announced later. of the Latin department, who is teach-
Profeszors Francis W. Kelsey, Jos- i a in the School of Classical Studies
oph It. Nelson, Joseph 1. Drake and a':the academy.
3Aiss Pauline Emerson will have "

Carnedic Fund to
Help Peace PlanLL
To make an honest and impartial T
statement of the causes of the present
wa-r, to investigate equitable terms of
peace and to further the study of in- 1).. A. AROSIAN, '1N), RECEIVES
tVrnational law, are among the aims (';,)UNWCATION FROM AERI-
o the Carnegie endowment for Inter- ('AN MISSIONARI
national Peace, as set forth in the
1915 year-book of that organization
which has just been issued. With the DEPORT MORSOVAN CITIZENS
European war in actual progress, the
main purpose of the endowment, the Some idea of the terrible conditions
abolition of international warfare, has p .
necessarily been set aside. s
When Andrew Carnegie made the the recent T urkish massacres may be
endowment ol $10,000,000 to the cause obtained from a letter received by
of international peace in 1914, it was A D. Arosi n, '18), from an American
with the hope that the civilized world missicnary who has just returned
had seen the last of its areat wars. from Morsovan, in Asiatic Turkey,
The trustees, in the face of present
conditions, are now concentrating 'where he has been a professor at
their energies upon the Deacerove- Anatolia college. The letter follows

,

AT THE WHITNEY
At the Whitney theatre, Thursday,
November 18, Cohan and Harris will
present their great farce hit, "It Pays
to Advertise." This announcement
alone should suffice to till every seat
in the theatre, for everyone has been
patiently awaiting the coming of this
funniest of all farces. "It Pays to
Advertise" is one of the brightest, best
acted, and most enjoyable plays that
Cohan and Harris have produced in
the past ten years. Written by Roi
Cooper Megrue and Walter Hackett,
it was the supreme success of last
season in New York city, There it
made an inevitable reputation as a
laughing success by playing to capac-
ity houses for fifty-two solid weeks at
the Cohan theatre. Here is a play
that is a veritable riot. of laughter
from start to finish, full of humorous
dialogue and critically commended,
especially for the wholesomeness of
its presentation, the cleverness of its
construction and the sustained inter-
est of the startling story. What is
more, "It Pays to Advertise" is thor-
oughly sane, because the motives for its
hilarious action are cleverly defined
and easily understood. It is a play
for every-day.people about every-day
people and every-day business condi-
tions.
Messrs. Cohan and Harris desire to
lay stress on the fact that they will
provide the complete Cohan theatre
production, precisely as presented
during the year's run at the Broad-
way playhouse. The players who
comprise the splendid cast were se-
lected by Geo. M. Cohan personally,
with a view to visualizing every char-
acter to the fullest possible degree.
Yale Oarsmen Must be Able to Swim
New Haven, Nov. 15.-Hereafter
every member of the Yale crew must
be able to swim a distance of at least
50 yards, else he will not be allowed
to- compete for a place in the shell.
OLLEGE WIRES

charge of the selection of the cast,
which will present the play in March
or April of the coming yea.
}iautus is recognized as the greatest
Roman dramatist and comic poet.!
About twenty comedies have been
positively identified as his work. Un-
like Terence, the characters in
Plautus' plays are distinctly Romnan
in character. The high quality of his
ver k is indicated by the list of dis-
tinguished writers who have imitated
him. Dryden, Addison and Lessing
all found him an inspiration and
Moiiere used some' of his plots, as in
"i'Avare" which was taken directly
frm "Aulularia." Shakespeare's
"Comedy of Errors" is based upon the
play which the Latin students wilI
produce.
sN'S AR .' ( lA'TO 1E LO(ATEID
A1 S. A. It's MEETVING TONI 'Tl
Wash tena w Chapter, Sons of the
Atorican Revolution, will hold an
open meeting tonight in Newber °y hall
at 3:00 o'clock. The tl;i fcr d'u
sian will be the origi al locat,, 1of
Ann's Arbor, the spot from which the
seat of the university derives its name
All students interested in the matter
are cordially invited.
"in a hurry' ' Call Stark, 2255.
oct13 eod

Thjere are no 5igns or thee walrI
here," Professor Sanders wrote. "In
fact we hear less about the war here
than yen do in America. The prospects
for the year at the academy are unus-
ually bright despite the conflict, and
we are fortunate this year in having
the most advanced group of students
ever enrolled at the institution.
Among those present are graduates
! of Harvard, Yale, Michigan, Pennsyl-
vania, Wisconsin and Darmouth."
Professor Sanders is on a one-
year leave of absence from the Uni-
versity, having left Ann Arbor last
July. He had planned to return next
summer but he expressed in the letter
lIhis beliif that his home-coming will
probably have to be po4tponed on ac-
count of the war.
FREi LITS TO HOLD DANCE
IN BARBOUR GYM SATURDAY
The fresh lit,, will hold a party and
dance in Barbour gym from 2:30
o'clock to 5:30 o'clock Saturday after-
noon. Adnmision to the affair will be
free, but receipts for class dues will
be necessary in order to secure admit-
tance to the affair. The class social
comm t tee is arranging for an orches-
tra and an effort will be made to make
the affair as informal as possible.
Pianos to rent. Prices - and pianos
right, at Schaeberle & Son's Music
isouse, 110 South Main street. oct8tf

mneLt in America.
To compile accurate statements
r-.ade either by individuals or govern-
ments as to the causes and conduct of
the prosent war is a large part of the
work cf the endowment. The study of
international law being urged and
ailed by the endowment is concerned
especially with the countries of the
western hemisphere. Tho American
Institute of International Law has,
been c annized under its fostering
v lg anl is composed of representa-'
th es of the United States and the
countries of South America. The ob-
ject of the institute is to find means'
cC assuring peace and to bring about
:niformity in the principals of inter-
national law. It is also hoped to
spread scientific and accurate knowl-
edge relating to all matters of inter-
national theory among the students in
the universities as well as among the
general public.
Buy your tIazda lamps at Switzer's,
310 South State. oct23tf
Dancing classes and private lessons
at the Packard Academy.

in part.
"My dear Mr. Arosian:
"Mr. W----- handed me your letter
of inquiry concerning your brother
to answer.
"I left Morsovan on August 18. At
that date all the Armenian population
of Morsovan, including our teachers,
servants, and pupils, had been de-
ported.
"Your brother got a special permit
from Enver Pasba to go to Contanti-
nople about August 1. He started for
Angora soon after with his wife and
child. At Angora his passport was
taken from him and he was detained
there for some days. When the Ar-
menians of. Angora were deported, he
was carried off with the first party.
"The party with which he went was
reportcd to have -been all shot and
killed when I passed through An-
gora about August 25. His wife and
child were in the Protestant chapel
in Angora when we passed through.
Your brother bore himself with re-
markable courage and bravery through
the trying days in July and August
and showed the most Christian spirit
)f any of our teachers." .


Attenti.o.n

Arm"
notudqL.nts

You'll have to hurry to boost

your Favorite.

It's now or never.

Remember, this Contest positively Closes Saturday Night, Nov. 27
SO YOU'LL HAVE TO HUR Y! HURRY! HURRY!
Donated by Zal Gaz Grotto Circus-Royal

AT

Penn Football Team Poses for Noves Chicago Asks for Military Training

..... ._ __ - ..... E

Philadelphia, Nov. 15.-The mem-
bers of the .Pennsylvania football
team consented to pose for moving
pictures here today and with fifteen
men on a side staged a thrilling game
for a few minutes. The Lubin com-
pany took the pictures, which con-
stituted the first reel *of the new
dra ma, "Beyond All Is Love." The
filmacompany supplied the hero,
whom the scenario demanded should
be injured. This was accomplished
y the simple expedient of having
b th teams fall upon him. To get
away from the conventional two foot-
balls were used.
Frat Hou e Cost Limited at California
Palo Alta, Cal., Nov. 15.-The fra-
ternities on the campus will be pro-
hibited from building new houses cost-
ing more than $25,000, acerding to a
resolution passed by the Board of
Trustees of the Ui- iversity of Cali-
fornia at a meeting hed recently.
Consider Enlargement of .West Point
West Point, Nov 15.-A con 'mittee of
army officers has been appointed by
the War Department to consider thel
question of enlarging West Point [nd
to ascertain what extensions woudt
be necessary to provide for a larger,
cadet corps.

i

Chicago, Ill., Nov. 15.-Petitions to
the effect that the faculty' consider in-
stituting a military training system
habe been signed by hundreds
of students at the University of
Chicago. The petition suggests
that the plan adopted include
provision for a thoroughly equipped
signal corps, a battery of artillery, and
other divisicns of the regular army
service. No indication of the faculty's
probable decision on the matter can
be obtained at this date.

Kansan Kno ws of Proposed Clubhouse
Listen to this from the University
Kansan: "The University of Michigan
is to have a 'million dollar club house,'
which the Michigan Alumnus explains
won't really cost a million dollars,
but only $750,000, fully furnished."
And the writer virtuously adds, con-
sidering the many purposes for which
the structure will be used, "three-
quarters of a million isn't at all ex-'
travagant."
Princeton Takes Red Cross Collection
New Haven, Nov. 15.-Following a}
precedent established last year at the
Yale-Harvard game, a collection was
taken for the Red Cross relief work
in Europe at the Princeton game last
Oaturday.

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Corner FI1h Avenue and Hill St.

Nov. 20 - 7-BIG DAYS-7 Nov.27
Most popular Shdent receives: A $35.00 suit, $10.00 overcoat, made to measure by Sam
Buryihield; underwear, soe s, garters, belt, shirt, collar and tie, from Sam Davis; the
best hat from Factory Hat Store; a $5.00 pair of shoes from Albert Lutz.

Colt

Ballot Boxes at following places:

City Cigar Store, Huron Street
Procknam's Dairy Lunch, Huron Street
Stocken's Barber Shop. Huron Street
Chapman's Cigar Store, Liberty Strect
Busy Bee
Jefferson's Billiard Hall
Cappie Runbelaw's

University Pharmacy, 1123 S. Univ. Ave.
College Inn
Sugden's Drug Store
Cushing's Drug Store
Huston's
Grill Room
Goldman Bros.'

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