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February 27, 1930 - Image 3

Resource type:
The Michigan Daily, 1930-02-27

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. .. 1 l" A i..i Afi A. 4 i 1 X N..A L s i i i~ ;4 y, a

, . < - .

To Speak at Annual Meeting of
Michigan Real Estate :

Increase of 67 Percent in Past
Eight Years Noted by Tax
Commission of Senate.

lConsiders Branch Sounder Than
Group Banking in Report
<: to House Committee.



Acquire Interesting Papers
Real Estate n English
Tour Last Fall.



Leases dating as far back as;
'420 and running as long as 860
years were among the interesting
old papers on real estate which'
Prof. Ernest M. Fisher, proessor of
real estate in the school of business,
administration, brought back from
England last semester. He acquired'
them while on a trip studying Eu- Th
eangvernmusnp TheSenates judiciary commit-
ropen gvermenal ousng ro-tee, who has been engaged in' air-
jects on which he will report at ,g
the annual meeting of the Michi- ing the opinions of many of the
gan Real Estate association, held nation's leaders on proiAition's
in Ann Arbor next week. chances for continuation. A pro-
in Arposal that the senate make a thor-
"When in England," stated Pro-'ough investigation of prohibition
fessor Fisher, "I succeeded in 10- enforcement carried the' capital's
cating some old real estate docu- North Carolina.
'ments, several of which are very
interesting. One of them dates,
backas far as 1420, the majority 91.ITII
of them from the 17th century, and
some from the 18th century. Sev-;
eral of them are 99 year leases, but r
I picked up one Which was made
out for 860 years. This one still hasf
about 500 years to run!
"One lease of 99 years was par- Color Prints of Impressionistic
ticularly interesting for two rea- Paintings on Display in
sons. It leased the remaaider of
an estate for 99 years after the ex- Memorial Hall.

discussion of the anti-l4uor laws
into the senate committee. Chair-
man George W. Norris, a dry, the
sponsor of the proposed inquiry, is
seated at the head of the table. On,
his right is Senator WillEam E.
Borah of Idaho and seated on his
left is Senator Lee S. Overman of
Yesterday, Dr. Nicholas Murray

Associated Press Photo
Butler, president of Columbia uni-
versity, again demanded anti-pro-
h:bition measures from the admin-
istration. Previously, he has re-
doubled his wet efforts since thef
defeat of Governor Alfred E. Smith
for the Presidency assured a Re-
publican commitment to dry poli-

f .

( y Ass.iated rets)t(y \Asso iat ed 1'rcss
FLINT, Mich., Feb, 26.-Taxes in I WASHINGTON, Feb. 26.-Secre-
Michigan increased 67 per cent I tary Andrew W. Mellon wrote the
from 1921 to 1929 and real estate, House Banking Committee today
that in his opinion branch banking
which represents approximately a;ws-one hncano ru
third of the wealth o the state, is banking, "but that even branch
bearing more than thzree-fifths of banking should be limited to defin-
the tax burden, acc'orcling to find- ite economic areas."
aConmission of "As to what those economic areas
ings of the Special C. shul be" aidth Traofr
Inquiry on Taxation mrade public jshould b," said the Treasury
today by State Senator Peter B. head's letter, "I am not prepared to
Lennon, vice-chairman.. The com- study or thougt."
mission was created xy the 1929-study or thought."
Legislature. tMellon was to have appeared as
The commission, whic has been the second witness in the commit-
ei monthly, has b ?en tryingAsociated PrOss Phot tee's study of the nation's banking
structure, but he said he would pre-
recomamendation, Senator Lennon Hawley Bowliys, fer not to testify until he had op-
said. A public hearing is planned Holder of the Am'ican glider portunity "to study the facts which
in the Senate Chamber at Lansing reied hope your committee will de-
in wil ma~n velop.
March 20, when the findi gsn ealoft ninehours, fivemnutes and "May I add," he wrote, "that I
be analyzed by commissi)n_ mem -alf inIors ieiue
bers. The public will be in.lited to 27 seconds to esta blish a new think it fortunate that your com-
offer suggestions. American record. 'I'his flight, mittee has undertaken this study
The increase of 67 per cent dur- which was made ne: xr San Diego, at this time, and that I am confi-
ng te lst igh yeas, he n ident that much good will be de-
ing the last eight years, the .report1California, bettered his previousr o culg einent
says, nleans an average in creasemr ivlled fma csefin cectint
of $28.88 to $31.64 on each $1,000mark by nearly three hours.ofall the facten connectio w h
assessed valuation. In 1921, the - the movement which has been
total raised iri taxes for all pur- .107,287, compared tot $87,260,255 in proceeding with great rapidity in
poses was $158,388,565; in 19'9 i't11929. the banking field?"
was $264,611,569. The school tax has increased 77 The letter quoted at length from
The commission found that ,eal I per cent. In 1921 the figure was the secretary's report for the fiscal
estate, comprising 33 per cent of $45,633,328, while 'last year it had year 1929, in which he said "the
the wealth of the state, is bebing reacied $81,036,295. development of branch banking,
taxed to bring in 62 per cent of County tax inc ceases almost have which is permitted by existing le-
the total tax levy, including taie I equaled those of the cities. There gal arrangements, has facilitated
gasoline and weight taxes and spry- has been an increase of 82 per cen the adaptation of banking facili-
cifi' taxes of every kind in this class, or an advance from ties to the requirements of urban
A comparison of increases in i$16,909,979 in 1921 to $30,763,234 in areas."
valuation and of tax paid in dif'1929, The report also recommended a
ferent classifications from 1921 :.to TIhe State tax, the report shows, careful study of branch banking.
1929 i's included in a tabulation; lias increased 44 per cent, or to I
completed for the commission. The! 1$29,500,000 from $20,452,380. Town-
report. is interesting, Senator Len- ship taxes have increased in about
non said, because it shows exactly the same ratio. Amounts spent for
where the tax increases have oc- ,road maintenance, improvements
curred. and Covert roads have increased
Contrary to the belief that the l but 20 per cent, while county road!
greatest increase has been in the ta .es have iincreased 30 per cent.
school tax, Senator Lennon ex- Drain taxes have increased 35 per
plains, the figures show that this 1 cevit and village taxes 25 per cent.


1930 Class Sends Testimonial
to Retiring Dean. J I I ULU

Expression of appreciation was
Noted Aviator'Will Lecture


given to Dr. Hugh Cabot upon his TeFygAtvs
retirement as Dean of the Medical The Flying Activities at
school by the senior class of that Wright Field Today


piration of a life estate, in -e first college in a letter drawn up by a
place; and secondly it ws zmade SHOW TWO LANDSCAf - gIw aWILL ILLUSTRATi TALK
out to John Ridd, of the coutty of{ committee representing the class
Devon. The hero of "Lorna "1 Among the art exhibits no , - as a whole. The letter in full is as Capt. Grandison Gardner, of the
which takes place in g shown in the vario e p I follows: air corps at Wright Field, Payton,
*county, had the same m.ton rooms about the campDeig ar otrCbt ilb hepicplsekra
'Whether or not there is any con- collection of fine-color prin of Dear Doctor Cabot: will be the principal speaker at,
iection, I would not vouchsafe, 19th century French impreslon-, The Medical Class of 1930 offers the meeting of the Aeronautical
but it is a queer coincidence. istic paintings, on display in the this expression of good will and ap- society at 7:30 o clock this evening
fiSmnoeh lae, ald e-~ arts reading room on the~ firstp;inWsEgnerg ild" H
"Some of the leases, called pep- floor of Alumni Memorial hallrs preciation for your unfailing loy- ;willdeliver a lecture on "The Fly-
percoin leases, reserve thenominal Reproduced by ne a h an alty, and untiring efforts in fur- ing Activities at Wtight Field" and
r'ent of a pepper-coin. These leases Rpoue by a nelerin
were used to transfer estates in;photo-chemical process, these thering the interests of your stu- in connection will show films de-
the period of transition from the prints are especially fine in the dents. pitg some of the ┬░rmcipal air;
feudal days." representation of all the original Feeling our great indebttdness corps research activities.
detal ofthepaining. ths !An illustrated lecture on "The
Professor Fisher then showed il of the paintings. exhibit to you, we take this opportunity History of Chemistry and itsRe-
the reporter several of the leases.a wo lan b hezxnn to offer our humble thanks and Hion o Chemical Engieerng"
All of themn are carefully written t re two landscapes by Cezannes, motsneersett necl lation to Chemical Engmneermng'"
411 ofTthemaareacarefullywritten most sincere respect to an excel, will be delivered by Prof. W. G.'
on sheepskin parchment, indented The Hangman's House, one of lent teacher and a truly great med- I edonofrtd py enginW.r-
with ridges at the top) "When the French painter's greatest ical educator. Smeaton, of the physical engeer-
leases were drawn up," explained works; and "L'Estaque." A still life irg department, Thursday, before l
leaes eredran u,' xpline painting by Cezannes 4s also in- It is our greatest desire that the the members of the American In-
'Professor Fisher, "both copies were cidedin the exhibition. future will bring to you even more Istitute of Chemical Engineers who,
cut with th'e sameridgs, soluded inuesthe exhibitiomarkf ,your,1
later it could be proven that the Three of the works of Renoir are successes than hav marke your will meet in 'East Engineering;
te wert gudeu e From thse shown: "Liseuse," a portrait of a past. building.
young girl reading; "La Balan- With best wishes, "The Use of Diphenyl as a Heat-
cutm oe teon fbeinigISincerely yours, gMdu"wlbeissedy
tustom comes the one of beginning coire," portrait of a girl on a swing; icl s g Medium" will be discussed by
ll leases with This Indenture . . ' one of Renoir's best-known The Medical Class of 1930. Prof. W. L. Badger, of the chemical
The leases were folded at the bot- works, "Restaurant au Moulin de la engineering department, at 4 '-
'tom and then sealed with the seal ok,"ReauatuMulnd1Si
of one of the parties so that noth- Galette painting of a scene am Six T ea sof Frosh clock this afternoon in room 3201
an open cafe in Paris. East Engineering building.'
ding more oldenmet.taOnone The exhibition also includes five! ketba1
usde isxhe goenent tx stamp, paintings by Von Gogh: Sunfiow -Barber Made President
usually six pence, and on the back I ers, Still Life, a pating of a on's T r
sre indorsements and witnesses bunch of pears; "The Laborer," "La tsnEngineeringSociety
signatures' Guignette," an 'The Mermaids'
Restaurant." Six basketball teams, composed A. G. Barber, '30E, was elected
CLUB TO HEAR OF "Jockeys in Training" is the title of members of the six freshmen ' president of the student branch of
RENCH STUDENTS of a painting by Degas, included in groups of men, were organize dlast t he American Society of Civil En-
FRENCH _I he exhibition. Three landscapes! night gt a meeting in the Union Inesatam tignthEg-
by Sisley, a painting, "Articles de held under the direction of the neering Society room yesterday af-
. J. Gores, 'Former Lecrer at Peche," by Besse, and one called Underclass department of which ternoon.
Louvre, Will Speak. "Red Roofs," by Pizarro, comprise Robert Ackerman, '31, is chairman. George Beard, '30E, was elected
the refit of the display. .Arrangements for the tourna- vice-president of the organization;
Opportunity for comparison be- ment, to be played in the Intra- Vernon G. Hawkins, '30E, and Ed-
tween student life here at Michigan T WkOUTTY TDR JrrT Imural gym next week, call for the ward M. Hahn, were named secre-
and at the Paris universities will 1 group under the leadership of tary and treasurer, respectively.
be afforded members of the Studio REPORT AT UNION. Desmond Tyler, '31, to play the
club when they meet at 8 o'clock team of Edward McCormick, '32; PENN. STATE UNIVERSITY -
tonight in the Women's League Temporary Appointments, to Six the team under William Page, '32, Hazing, during "Hell week," which
building to hear a talk by Walter Departments Made; Lloyd against that of Robert Murphy, '31; led to the death of George Stien-
J. Gores, of the architectural the cagers under Duane Baldwin, metz, was denounced as a cruel
school. E3xplains ;System- '32, and Hobart Skidmore, '32, drew and dangerous system by the un-
Mr. Gores, who was for consider- I la bye for the first round. fortunate boy's mother. Mrs. Stien-
facult More than 20 freshmen and At last night's meeting, Robert metz intends to devote the rest of,
able time a lecturer on the fsophomore men reported at the Chapman, '30, captain of the Var- her life to informing parents and
of the Louvre, in Paris, has chosen initial meeting of tryouts for the sity basketball team, delivered a fraternity men of the dangers of
for his topic, Student Life in Union which was held yesterday I pep talk. such a system.
Paris." # afternoon. Tentative appointments ..__-
All members are asked to be to the six departments of the or- Ilt ll t llll l ltitIIII1IIlIil 1Illlllitlll l11111111111111111111111111111111il
present at this meeting, for a new ganization were made by Harold --
treasurer will be elected to fill the Warren, '31, who is in charge of E Commercial Forms and
place vacated by Alexis Lapteff, tryouts. = Office Supplies of all kinds
'30A. A brief talk was given by Ken- I LedgersStock Sheets -
"We should like to see as many neth M. Lloyd, '32L, president of Binders Soecial Ruled Sheets
members as possible attending the the Union, explaining the position l,-Loose Leaf sheetsds
life classes," stated Donald J. Kim- of the Union on the campus.. E:Office Furniture Order Blanks
ball, '30A, president of the club. Complete written records of the j.Transfer Files Requisitions
Kimball announced that hereafter work done by the first-y'ear men ' Transfer Envelopes Inventory Sheets
the class in sketching from life will be kept by the chairmen of the k Tpewriters g
will be held on Wednesdays, in- various committees, thus inaug- Suedries Binding
stead of the usual Tuesdays, at urating a plan by which the, merit ours is a printing shop and office supply house de luxe. Regard.
8:30 in the fourth floor of the arch- of workers may be determined. 1.less of what your printing or ruling specifications may be we are equipped
itectural building. - -to handle the ob-and do it skillfully.-
UNIVERSITY OF IOWA-Wehdel You will also find our stock of office supplies and equipment the

gain is surpassed by the advance
in average city tax, which has in- UNIVERSITY OF NEBRASKA -
creased 85 per cent during the' A boy and girl student here were
eight years. The total city taxes in placed on probation for vivisecting
1921, the report shows, were $47,- a frog.






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Marc h 5

WILLIAMETTE COLLEGE The Johnson, a graduate student of the
faculty here is drawing up a pe- I universtiy, has just published his
tition, which includes the names of book "Because I Stuter." Mr. John-
125 distinguished alumni, for mem- son, who has stuttered all Ais life,
bership in Phi Beta Kappa, nation-I gives a complete account of his
al honorary scholastic society. feelings.

most conelete in the city.
Printers-Stationers-Binders-Office Outfitters
' Phone 4515 112 South Main
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Presents Seventh Annual

Hawaiian Miusic
and l flininr

. t .,
: -
' 'T Q t Wyk Y t a
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" Young India in
Renose and Action"

Ab 'IN ,

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