I i nf1u[.
ws Unite in Declaring
ust Passed One
00K IS FAVORABLE
annual business and
ws of the past year,
rious leading financial
[nited States has just
a year of undiminish-
and bids fair to keep
ublished, almost with-
redit the war now rag-
vith giving us a large
ness, but at the same
at home conditions are
is emphatically men-
treet's review, one of, the best
t authoritative published, calls
n to the especial wealth which.
and manufacturers have en-
a result of our great amount
nd food orders. This review
ntions the unprecedented fall
hich broke all financial rec-
d quickly supplanted many
ling to the Henry Clews and'
y review, our foreign trade
abnormal. During the 12
ending November 30, the bal-
trade in our favor was $1,707,-
and it is estimated that the
:r the year ending December
approach $2,000,000,000. But
'eport shows that this great
>f exports over imports has
atly offset by loans, credits,
>orts and the sale of secur-
;ree that the present year's
is promising. The conditions
dnt to this are: no evidence of
Aliday lull, active spring buy-
d January retail sales, con-
,rge exports, large bank clear-
I many other things too nu-
to mention. A fact to be
out, too, is that on January
laries of approximately 300,-
e whole, it is agreed that the
States now enjoys the only
of real commercial influence
he world powers and that this
is not a temporary one, but
If he play, being young and unskilful,
for shekels of silver and gold,
Take his money, my son, praising Al-!
lah. The kid was ordained to
* * *
The Daily predicted "Continued fair
and cold" for yesterday. Ho-hum.
* * *
Speaking of the weather, why not
let Ring Lardner run it. Look how
he guessed the football results last
fall. As far as Walter Camp goes-
well, he's been picked on enough.
Even by the Subtle Sportoscope.
Our Dilly Daily announces "Several
Finds Unearthed" at the first rehears-
al of the Opera. Didn't they mean "ly"
instead of "ed"?
* * *
We wonder whether the 'All Nation
Revue" will adopt as their official
song, "Fight Men of Michigan."
An Exquisite Ambition for WE.
Dear Gee-Allow us to congratulate
you on your efforts to date. Keep it
up, and you will soon be as good as we
and the Gargoyle.
* * * -
Congratulations in return! It is
unusual for an Engineer to get through
a sentence with but one grammatical
We note the warnings by the Health
Service with-er-amusement. Don't
get in crowded places! And close
rooms! If a window .is opened, one
is subjected to a cool breeze which is,
as it were, delightful. If the window
remains closed, the result is suffo-
cation-and sickness. This is said
with all due regard to the efficiency
of the ventilating system. Due re-
gard is sometimes excited by pity. One
thing that would help is the small
glass ventilator that throws the draft
} upward, when placed before an open
window. We believe that the stu-
dents have the right to demand that
something be done.
* * *
Majestic Theatre.-Vaudeville, with]
'-A Jay Circus."
Orpheum Theatre.-Charles Cherry in
'The Mummy and the Humming Bird."
Rae Theatre.-Mary Pickford in "The
Arcade Theatre.-Mary Miles Minter
in "Enemy of Stork's Nest."r
The Four husbands Comes to Majestic:
So great is the demand for seats for
"The Four Husbands," which opens at
the Majestic, the management has de-1
cided that no reservations of seats will
be held after 7:30 o'clock at night, or
3:00 o'clock for the matinees. Al-1
ready over 1000 seats have been re-'
served and purchased and it is anti-1
cipated that all records for attendance4
will be surpassed. Will M. Hough, who
wrote "The Time, The Place and The
Girl," is the author of the piece.
RELGIOUS SCHOOL TO HEAR
DR. THOMAS IDEN LECTURE
The Y. M. C. A. School of Studies
in Religion has secured Dr. Thomas
Iden to give a series of talks on
"The Borderland of Science and
Religion," before the meetings that
amination period. The series will. be-
gin this evening at the meeting held
from 7:00 to S:00 o'clock at McMil-
Illinois 'Kel Must Pay Club Dues
All men who intend to officially
ally themselves with the Illinois club
must pay their dues before Friday of
this week. The official list of mem-
bers which is to go on the club's
page in this year's Michiganensian
will be made up by that day and all
men who have not paid their dues by
that time will not be considered.
PROF. DOWRIE DISCUSSES
Elimination of Overdrafting Evil Es-
1weially Commended by
"There is nothing more commend-
able in the recent report of the Comp-
troller of the Treasury, John S. Wil-
son, than the fact that he has elimin-
ated to a great extent the granting of
overdrafts," said Prof. G. W. Dowrie
of the economics department during
his remarks on the striking points of
this late report. 'This is a highly ir-
regular and illegal method of making
loans and former comptrollers have
been far too lenient in this respect."
"The reserve centers of our na-
tional banking system-New York,
Chicago and St. Louis,-instead of suf-
fering by the creation of 12 new re-
serve banks and the consequent shift-
ing of reserves to these banks, have
accumulated larger amounts of cash
than ever," continued Professor Dow-
rie. "The reason for this condition has
been the relative lack of demand for
loanable funds and the constant in-
pouring of gold from abroad."
One of the most striking points no-
ticed in the Comptroller's report, ac-
cording to Professor Dowrie, is that
his administration has been marked
by a great deal of friction between
certain banks of this country and the
Comptroller himself. The cause of
this state of affairs has been due to
his efforts to compel banks to charge
what he considered reasonable inter-
est rates. He has employed all avail-
able weapons such as exposure, with-
drawal of government deposits, etc.,
and asks that Congress authorize the
department of justice to prosecute
these userers. The banks have of
course resented this action of the
Comptroller as an effort to overrule
their best fudgment as to the conduct
of their affairs.
In conclusion Professor Dowrie re-
marked with special emphasis and as-
suredness: "The rapid increase of
loans durin the latter part of 1915
shows that we are beginning a period
of business expansion and are wit-
nessing a return of prosperity."
Have your next portrait made at
the Hoppe artistic studio. jan13,14,15
Dance and Banquet Programs-At.
tractive O.nes, at The Ann Arbor Press.
George Arliss, Star of "Paganini
George Arliss, wno plays the lead-
ing role in "Ipaganini," which appears
at the Whitney theatre Friday night,
is one of the foremost actors of the
day, but while he is an actor he is also
interested in other things as well.
Wherever Mr. and Mrs. Arliss go,
they take a profound interest in ani-
mals. They are constantly accompan-
ied by their fluffy little canine com-
panion, "Billy", who is symbolical of
their regard for animals.
Mr. and Mrs. Arliss are in close
touch with animal protection soci-
eties all over the country and carry
on their sympathetic work in every
town they visit.
Dues may be paid by
club's treasurer, E.
calling up the
SEND I LETTER OF CONDOLENCE
TO HAROLD KORN'S PARENTS
A letter of condolence has been
sent to the parents of Harold F. Korn,
the junior law student who lost his
life in the Huron river tragedy last
Friday evening, by a committee rep-
resenting the members of his class.
The letter was accompanied by a(
floral offering for the funeral.
Algler Speaks on Michigan Athletics
At luncheon of the University of
Michigan club of Detroit yesterday
noon, Prof. Ralph W. Aigler, '07L,
chairman of the Athletic Board of
Control, spoke on the "Athletic Situa-
tion at Ann Arbor." The subject was
of great interest to the alumni, and
the luncheon, served in the Hotel
Griswold, was attended by an unusual
number of Michigan graduates.
miserable I'd be, Jack,
if I had never
* * *
Suggestion for the starting of a
conversation-"Is this wet enough for
* * *
* * *
But don't hurt him!
The Groom-Why so
The Bride--I was just
A Rare Opportunity
Ann Arbor is
one of the
few places in
will be heard