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November 27, 1927 - Image 3

Resource type:
Text
Publication:
The Michigan Daily, 1927-11-27

Disclaimer: Computer generated plain text may have errors. Read more about this.

THE MICHIGANDIL

DAILY

PAGE

AMERICANPEOPLE DNOV
IRVING FIiF1 YL
11,11FESSOR1 BELl EVES 'VF[QN ltiIS
FEW CAN LAY UP SAVINGSE
Rap1)1i (ain", lIn Last Six 1Year (ie
Sooiiy1'I'OiidP For Al
"In the absolute sense, the' Ame-
Can pe)ople ar~e not protsprous0," ac-
cording to a statement by Irving Fish-
er, professor of economs at Yale
university in a recent copywrited ar-
ticle in the Springfiel, ilas, ail,
"Iin the tIiiied States four-fifths orI
ovr 90,000,00) people1 make hnr. little!
over bare Iving expenses," e said,
"andl~ thus they can lay lip little in
savings agaist futre needs,"
"According to t he National I311uraiu
of Ec onoic research, the natio ayh'
recovered from the want of 1921, and
is comparatively better off than Ero-
pean countries," Prof. Fisher debar-
ed, "bll t thelPresident and em14Vs
forget that we are only relativey wellI
off. At the annual convention of the
National Associlation otNlanuf aetir-
ers, at Chattanooga, President Egr-'
toni spoke of the abnormally high
wages and lower living costs of the
so-called working lasses. :1However,
it is not time yet to worry about pros-
perity as a threat to our morals."
Bureau Quoted
"The National Bureau of Economic
earned in 19203 was $2,000, or almost
earnedl in 1921 was $2,000, or almost
one-third more than in 1921. The av-
erage income was $9,000,000, which
hakes anr average of $500 apiece for
over 93,000000 of the 117,000,000 peo-
pe who live in the United States.
According to Prof. Willford . ing's
four polulation groups, this 93 mil-
lion makes tip the poorest and lower
middle classes. Professor Fisher fur-
ther stat ed. The poorest class alone
consists of 75,000,000 lpeople, who re-
ceive about 38.6 per cent of the na-
tional income and is made up of mnan-
uial and office workers, small business
mene, many managers, and most of
t he engineers of the country, hie sai.
Professor Risher added that for the
average family of five, this leaves $2-
300, which is just enught to live on
in the family of an office or inustri-
al worker in New York, and leaves
nrothiing for saving.
Smal Exees Exis
"Tn the most prosperous year we
have ever known in t his country, the
estimated excess over the necessary
living comforts and necessities, is on-
ly $117. This cannot be said to be
enough to endanger the living of the
people. It mulst be hard for those in
the lower income groups to make
endls meet," Proessor Fisher went on..
"King, andl the Natral Bureau of
Economic Research are obliged to ill
in some items with clever guesswork
it is true, but surely it is better than
the pure guesswork and loose gener-
alizations aout. American "prosper-
ty" which are common in this coun-
try and are implied in the reports ofI
official andl other visiting delegations
from Europe. Our rapid gains in the
last six years give promise that event-
uaIly our industrial machine may pro-
vidle a comfortable living for all," Pro-
fessor Fisher ┬░concluded.
CHICAGO -Tirty thousand firemen
on western railroads await an arbitra-
tion board decision to see whether
their pay checks will be increased by
$1 a day,

RPH EUp
OTHEATER v

--- - -- . ....

I had 'use
.. 3 j t

M

Ab

HAVE Y'O U SEEN
THIS

3-Distinctive .Shops-3
533 E. Liberty

FO0%R
$2.50

118 E. Huron
113 So. Univ.
John M. Jefers

$1.00 Can of Old Briar
FREE
With Any $2.00 Pipe or
Over

.

Finished writin~g

Burr, Patterson Co.
When a customer
_,,*"*
Came in the

An Ad. for

r

,t'. /'
r r '
r ._
, j'

__ 'n

7 U mom

COMMENCING

TDAY

Presenting

ltrtinof the f210ris

to describe the
iful peach. it
see and then

i

Store to

* * *

Ia

I

' t'

The writer eof this announcement respectfully
Cleclines to phrase words of explanation lest ,we un-
intentionally mar its almost super-human appeal',
but we car, say to you ! See it Sure! See it Sure!
See it Sure !

if'

Quoting a Famous Movie Critic :
about this production is like trying t
lustre and pinkish hue of a beaut
just can't be done, that's all. You
try to tell me.

Pick odt some
Party fav-ors
for his Upuse.
After looking at
The K~lockout
Display of

v

V

F

u

",
' '

-Gifts and
i Fraterrp4ty eel y,
He made the
;Pithy remark ;
"Why, every thing
In the Mtore
Would4 iak, ea .:d
Good Christmas

Present for

$qn~ioe."

Th' ex~

* * *
He said jn
*4*.
one sentence
What ,l had tried
To say in
Two h ndre
Words.

5 i

"rues. and Wed.

So 1'll
Let it
That.

* *

t

go

at

A:

* * S
.. * S:
s # s

ter-
.:. ,

~~.. .cI
AVIV o! t 'r Y
~' GEORG V7 ?FITZMURICE
gI Production
e -*

The Store is ion
SouthfI.~
At Forest
And let me*
Warn Yo.-
We leave for ou
H Hometowni
Christmas Parties

I

: -.

h[
M.J

WITH
BELLE
BNNETT

And Another Famous Critic Said: In all my eighteen years writing
legitimate and big motion picture successes 1? have never paid the follow-
ing tribute to any of them-I would see this picture if had to borrow
the money from a miser.

I

25c2

A

I

I hh.

IMATINEE-i :.25,

RODCTION ARRANGEMENT

3:00, 4:40. EVENING-7:O0,

8 . c

I

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