THE MICHIGAN DAILY
DISCUSSED BY FRIDAY
AT THE THEATERS
REVIEW OF REVIEWS PUBLISHES
ARTICLE BY ECONOMICS
In the February issue of the Review
of Reviews Prof. David Friday, of the
economics department, discusses the
process through which the present bus-
iness depression will be relieved.
According to Professor Friday the
period of financial stringency began
with the "buyers strike" in 1920.
"It was forced in part by a curtail-
ment of bank credit," writes Profes-
sor Friday. "The federal reserve
board realized that the expansion of
bank loans could not continue inde-
finitely. Credit expansion, which had
come to an end in New York with the
close of the year 1919, was bound to
come to a similar conclusion in oth-
er parts of the country in the natural
course of events just ' as it had in
1907. The federal board knew this and
took steps to check it in the spring of
120. Its action curtailed1 the pur-
chasing power which has been aug-
mented by $5,000,000,000 for the year
ending June 30, 1920, through the ex-
pansion of bank credit. With the pub-
lic suspicious of the price level and
with, purchasing power curtailed by
the action of the banks, prices began
In the remainder of his article Pro-
fessor Friday explains at length the
resulting effects of the credit string-
ency and lack of buying by the public.
He says that with the resumption of
normal demand, the business interests
of the country will gradually readjust
themselves to the new cgnditions re-
sulting from the new level of prices
and costs and other factors of the re-
Another indication that the business
depression which has existed for sev-
eral months is over is evinced by the
fact that the Production Foundries
company on North Main street is ex-
pecting to start production on a lim-
ited basis soon. According to Walter
0. Adams, plant manager, the plant
will reopen soon, and output will be
50 per cent of normal within a few
The local concern is engaged in the
work of making castings of different
sizes, and in normal times employs
about 150 men.
The inual meeting of the Washten-
aw County Poultry and Pet Stock as-
sociation has been postponed until
Feb. 10, because of Farmer's Week at
East Lansing. The meeting will be
held in the farm bureau office in the
Court house at 7:30 o'clock.
Two $5 bills which had been raised
to $20 were received at one of the local
banks recently and merchants have
been warned to closely inspect all
$20 billg which they receive.
The counterfeiting was of a crude
nature, the corner being torn out of
a $20 bill of stage variety and past-
ed over the numeral "five" on the gen-
The next meeting of the City coun-
cil will be held Monday evening of
The fire department was . called
about 10 o'clock yesterday morning
to put out a small roof fire .at the
home of Arthur Andrews, the owner
of a second hand store at 209 North
Main street. The damage will prob-
ably not exceed $25.
Use the advertising columns of The
Michigan Daily to reach the best of
Ann Arbor's buyers.-Adv.
One solid Week Starting
-S U N DAY-
Majestic - "Love, Honor, and
Obey," with a cast of stars you
all know. Pathe News, Para-
nount Magazine Cartoons, and
Burton Holmes Travelogue.
Arcade-Wallace Reid in "The
Charm School." Also "The
Race of the Age," featuring
Man o' War.
Wuerth - Douglas Fairbanks
starring in his latest produc-
tion, "The Mark of Zorro."
Hallroom Boys ,comedy and
Orphen T gYourgfavorite; Con-
stance Talmadge, in "The Per-
feet Woman." Also a Univers-
Swimming practice on Mon-
day and Thursday a~fternoons
will begin at 1:45 o'clock on ac-
count of girls' swimming classes
in pool at 3:30. Practice on oth-
er days as usual.
Increase your business by advertis-
ing in The Michigan Daily.-Adv.
I_ lt!![ lltiliil11|llnllt t triu [ t It llllllttttll l l trtIIi fill lu1l 11111 al I I I I II III III[![I II III III IIIt! IIIIIIn[I III Ifin
- / / *.NEXT WwEEK
c/ ! fUdIVERSALLY ACCLAIMED
The Greatest Thing of it's Kind Ever Produced
IN 6 GREAT R[[LS OF UNEXCELLED JOY
IT TOOK A YEAR TO COMPLETE - IT COST FIRST NATIONAL EXHIBITORS CIRCUIT $1,000,00
-I T 'S B RA ND NE W
CHAPLIN HAS JUST COMPLETED IT
=- "T HE K ID"
BRINGS FORTH A NEWER, GREATER AND BETTER
C H AP LIN
ST HE KID "is not Slap-stick Comedy. It's a story with a Laugh, a Tear and a Plot.
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Bought, Sold or
Whitney - Today - Jack Nor-
worth in a whirly girly com-
edy, "My Lady Friends!"
Garrick (Detroit) -Marjorie
Rambeau an Channing Pol-
lock's great melodramatic hit,
"The Sign on the Door." It's
an A. H. Wood production.
Shubert (Detroit)-This is the
last week of the peppy musical
comedy scream, "Cinderella
on Broadway." -
Learn Shorthand and Typewriting
next semester. Hamilton Business
College. State and William Sts.-Adv.
Biddle's Book Store
11 Nickels Arcade
S E T R OIT T
New York Winter Carden
SA R R I CK
MARJORIE RAMBEAU In
"The Sign on the Door"
No I other
709 North yuniversity Ae.
WHAT IS WOMAN'S CHIEF AIM IN LIFE? TO CHARM MEN! IN REPLY TO LOUD
hisses, we hasten to say this is only the creed of a male who found a girl's school on his hands and
tried to put it on its feet by teaching charm to fifty charmers.
Graham's - Meyer's
Patrons Will Not Be Seated During Showing- RACE OF THE AGE