THURSDAY, NOVEMBER 19, 1925

THDE MICHIGAN I AILY

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Specialatimn And firiia3d i u Thre;tell

ritis Sub Shrw ' eath Of .68 In 'Mystery

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URGES CN SERYATIISM
(By A "s'xiattd Pres~s)
POSTON, Nov. 18. -A,;r''
'danger of lbe,;ingIraoi-,+ d1 it o onel
Ot $peclatdion and )??,lion, . C. (*sw~a:o*icoi
Miller, Federal esei ehoad el1-
ber and wvidely koner~msd
dared here Lust niht wUhv
'that the time ihas eer yi(?i'> 4rapaly i2 : v
servatism to ]uucslll~
Speaking T. efo, o lieow lI aiid's
banking and iindlustrigl l dcfs rathGe
Commnerce clllh~ rli aser,_u td .t . 1v-,
per before had such l surpltys ol float-??"' '
lng credit been ava:ilabh!le nexec -s, f(4.
the requiremenmts of comzmerce, gr-- -
culture and hi. uetiy. In t his sit ca- British naval
tion, he saw potential (di tnit Oi uGEnlshchnel
declared that the Federal R'''ee 1-ic dcgn
banks now should hol flUQ r Il 1 2-nc dekhun

i1 experts are endeavoring to solve the mystery of th e sinking of the submarine M-1
with 68 aboard, Photo of the craft, taken shortly befor e it began its fatal cruise, shows

ill
its

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Course plotted lo c ihemc and ioituse to
stand as -life peevr for spoon--
lator's.
Asserting that a coisidlera])le vol-
ulme of credit had been ab)sorbedl in
.land speculation in somue parts of the
country and speculative building opl-
erations in others, he described thoe
as some of the dangerous spots in the
present situation.
"There is evidence," he continued,
"that a section of the public is losing i
its bearings and be1)0mg drawn into the
arena of thoughtless speculation.
Cheaper and more abundant credlit
than the country has ever known on
so extensive a scale, is giving them
aid and encouragemnent. It is time
for a hait lest a speculative frame of
mind should be engendered which3I
might in time invade the field of lg
itimate trade andl industry."
". r own To Review
Roosevelt Papers
Prof. Everett S. Brown of the politi-
cal science department will review the
Roosevelt-Lodge letters at the next
meeting of the Republican club, which
Will take place next Tuesday even-
ing at Professor 'Brown's home. The
meeting was-to have been held tonight,
but has been postponed.
LE BOURGET, France.-The French
pilot, Lucien Bossoutrot, set a new
record when he reached an altitude of
11,500 feet.
PAY YOUR 'SUBSCRPTPION NOW.

FRESHMAN [LEE CLUB
INSTRUCTED IN SONS
Holding its first rehearsal since or-
ganization, the Freshman Glee club,
received instruction in Michigan songs
last night. under the tutelage of Otto

Dock, '27, director of the club.
More than 40 students successfully
passed the trials which were held for
membership last week..
fBUCHAREST.-Roumnania is urging
Czechoslovakia and Jugoslavia to
hold an early conference of the Little
Entente at Belgrade.
PARIS.--Thiegrfndcross of the
Legion of honor was best( wed upon
Msgr. Bonaventura Crretti, papl nun-
cio in Paris.

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The STUDENT PRINCE.
The Musical Triumph of a Generation
Thanksgiving Mat. Tickets Ready
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UARRICK Wed. Mat. 54c to $1.50
Sat. Mat. 54c to $1.50
Last Night's Audience Greeted
TL
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Funniest Showe on Earth!R
FRIENDLY ADVICE: Secure Seats Early
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Woodward at Idiot Tel. Glendale 9792
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