PAGE FOURI T H E MICHIGAN DAILUY TUESDAYS NOVEMBER 13, 1930 --rircr r...,r"wwseerri Published every morning except Monday during the University year by the Board in Control of Student Publications. Member of Western Conference Editorial Association. The Associated Press is exclusively entitled to the use for republication of all news dis patches credited to it or not otherwise credited in thie paper and the local news published herein. Entered at the postoffice at Ann Arbor, M'ichigan, as second class matter. Special rate of postage granted by Third Assistant Post- maste~r General. Subscription by carrier. $4.00; by mail, $4.50. Offices: Ann Arbor Press Building, May lard Street. Phones: Editorial, 4925; Business, 21214. EDITORIAL STAFF Telephone 4925 MANAGING EDITOR Chairman Editorial Board HENRY MERRY City Editor Frank E. Cooper V'ews Editor ................Gurney Williams Editorial Director ........... Walter W. Wilds Sports Editor............... Joseph A. Russell Women's Editor.........'.. Mary L. Behymer Music, lDrama, IBooks .......Wmn. J. G;ormn Assistant C'izy Editor ......Harold 0. Warrn Assistant News Editor...Charles R Sprowi rl'i"Lrr1,Ih Editor...........George A. Stauter Wmn. F. lPyp Cop)y Editor NG EDITORS S. Beach Conger John D. Reindel Carl S. Forsythe Richard L. Tobin David M. Nichol Harold 0. Warren Sports Assistants iliedon C F'ullerton J. Cullen Kennedy Robert Townsend Reporters . . Walter S. Baer, Jr. Irving J. Blumberg Thonmas N'. Cooley George Fisk Morton Frank Saul Friedberg Frank B. Gilbreth Jack Goldsmith Roland Goodman J ames FH. Inglis Denton C. Kunze Wilbur J. Myers Robert L. Pierce Lynne Adams Betty Clark Elsie Feldman Elizabeth Gribblt 1mily G. Grimes Elsie M. Hloffimeyer Sean Levy Dorothy Magee Mary McCall Sher AT. Quraishi Jerry E. Rosenthal George Rubenstein Charles A. Sanford Karl Seiffert Robert F. Shaw Edlwin M. Smith George A. Stauter Alf red R. Tapert Parker Terryberry John S. Townsend Robert D. Townsend Margaret O'Brien Eleanor Rairdon, jean Rosentha~l Cecilia Shriver Frances Stewart r Anne Margaret Tobin Margaret Thompson Claire T1russell Barbara Wright BUSINESS STAFF Telephone 21214 BUSINESS MANAGER T. HOLLISTER MABLEY Assistant Manager KASPER H. HALVERSON Department Managers Advertisng.........Charles T. Kline Advertisca . .......... .....Thomas M. Davi Advertising ............William W. Warboys PlianService . ..........Norris J. Johnson ubiain............ obrt W. Williamson Circulation ...........Marvin S. Kobacker Accounts ................... Thomas S. Mui Business Secretary ............ Mary . Kenan Assistants Harry R. Begle '])on W. Lyon Vernon Bishop William Nlorgan William Brown I-. Fred Schaefer Robert Call aan Richard Stratemeier William W. iDavis Noel ). Turner Richard HL Hiller Byron C. Vedder Erie Kightlinger Marian Atran Mildred Postal Hlden Bailey Marjorie Rough Josephine Convisser Ain W. Verner Dorothy Lylin Mary F.. Wtts Sylvia !Miller Johanna Wiese Helen Olsen TUESDAY, NOVEMBER 1, 1930 Night Editor-RICHARD L..TOB3IN LLOYD GEORGE'S UNEMPLOY- MENT PANACEA LLOYD GEORGE and his liberal colleagues recently, with great gusto and political fanfare, " an- nounced that they had at last evolved a plan which would reduce the number of Great Britain's un- employed by over a million. It is undoubtedly an excellent plan, theoretically, but it cannot be car- ried out., It was probably intended to be nothing more than political propaganda which the wily party leader conceived in an attempt to win over the labor vote in the near future. The first item of the program consists of "reduction of produc- tion costs to a level which will enable British goods to compte successfully in world markets. This -- should be a reduction of ten per cent, varying in different indus- tries. The government, it proposes should set an example by cutting its own expenditures ten per cent, partly by drastic revision of the dole." Yet the Liberal leaders do not explain how this is to be ac- complished. T he unemployment dole is a staunch plank in the pro- gram of all British parties, and to whittle it down or even cut it in twvo would be political suicide for the party in power. Neither do they explain how the cost of prouction could be cut. They probably forget that included in the cost of pro- duction is interest on capital in- v estmn nt, labor wages, rent, depreciation, cost of raw materials. depreciation, cost of raw materials. Cutting the cost of production wo ul1d, involve lowering wages, prices of raw mnaterials, curtailing returns on stocks and bonds, all of which would lower the price level further than i :s now, with no appreciable raise of the vaue of money. The remaining points of the pro- gram include stimulation of new industries, encouragement of ari- culture, and an extensive program of national construction. Hlow new industries ar to be stimulated by tion appears to be the only rational means of absorbing the uem- ployed labor. "But," cautiously adds the former premier, "the money will have to be found. The nation's credit should e used. :Raisin; the money will not prej dc Cintfjpfils in other dir etions, and the ex-t penditure will be an investment." In other words, LLOYD GEORGE 1 expects to lay the blame for ther non-fulfillment of H zipani on thejv present administrat ion, a SSUrin that it is not carried out. But GreatC Britain has a man at the head oft her treasury who is considered one of the financial wizards of this generation, namely PHILIP SNOW- DEN. If there were any possible method for the government to re- lieve the unemployment situation, he would have been the first to discover it. With the pure strings in" his hands, no one will ex ,pand the country's credit to the bursting point on a praject calculated to gain votes rather than to benefit the workingman. IS RUSSIA "DUMPING' OR 1'MAiETJNG ? Two very interesting point of view on the question of what Rus- sia is doing to international trade,I and further carying, on the de- pression, have been presented dur- ing the past week. by two able newspapermen, both of them En- lish. WALTER DUR ANTY, writing~ for the New York Times denies that Russia is "dum~ing" surplus products on the world market, while RANDALL IEYMA ON, of the North American News; apr Allianc, clims that they are pr- venting a more rapid recovery from1 the depression by "dumping" wheat and other products on the market.I DIJRA.NTY a nd HEYMANSONt both agree on one point, however. Namely that the Soviet govern- ment, by owning all the industries sources of raw matrialIs, and capital, is enabled by artificial means to keep their costs o pr- duction far lower than those of any other industrial country: and they also agree that tis conditin U mcrely temnporary; That t~e Sovit: merely want dollars in order to ex- ploit their natural resources, build factories, buy foreign technical advice, and, in the long run, make- Russia entierly self-sufficient. After that, however, it apcars tat us-' sia will continue to place upon the market even more products than before, and still at a cheaper cot than other countries, v hiki arc run under capitalisic luerco(; will . be able to operate. .But as to the question of whether or not Russia is "dumtpiw " ro- ucts, it would appear that they are ,not. The fact that they are lim iting their what exports to 5,0011,000 bushlswhen there is a sur ins o twice that amount this year, indi- cates moderation of one sot or another. Perhaps it is aother ase of att-mpting to place the bla e for the depression elewhre than on the Republicans, as so many voters seem apt to do in America. But the United States, Australia. New Zealand, or Canaa might just as well be accused of "lumping" excess products on the market be - cause they are offerng Lth.er Sur plus to import countries. eras on the other hand, it is just a ase of "sour rapes" because the Soviet can offer commoditis for less money than we can. The money re- ceived for products returns to other countries, mainly United States and Great Britain, for farmning machin- ery and technical advisors. If we are to complain of. Russia's under- selling our- products, it would re- main only to admit that the social- ist state is superior in economic power to ours, which we do not believe is true. Editorial Com1menit THUMBS DOWN. (From the "Yale Daily News) When nations are at war, they shoot enemy spies. When colleges meet on the field of sport, they scout each other's teamns with p-,' impunity. Yet the situations are analogous, andl the re i ; no j usl cause why spies should be tolerat- ed in football any more than in war. There can be no advantage in the accepted practice of scout- ing, from the sportsman's point of view; it lessens tbhe chances of success for a trick play; it dis- courages the coach from inventing any ingenious form of attack when he knows that hip; work will soon be common proper'ty; and it meass that a good team must alwtays; be Dracticimy new naay; xvi'Lhoni. be- TIHE FAT F TW "iATI te f that I haven't, a heck of a lt tos say to you >p'ents. Newvborx-y Aiid. is ? just as lousy as ever I ama tofij, not, a having changed a bit since I last 7 went to my ten o'clock lecture there some weeks ago. An-Ld still the B &F C- Boys go about unashamed, doing this, that, and nothing around the campus as of yore. I have about; given up hope for the spirit around this place. If I hadn't, I shouldI f, suggest that it is about time for a good old nectie party. h t] Y '2L '2. (C 4~{ "2 ~ 7 Ne~kt~u -.7... yr.r''rr®'r °'r 7."r'r -r'rV"' 'rA°'Y""" LAND DRAM4I a A. '- . - ~,~'A. A A A.~ A.t 1 ' N?1 B 3".'f:11 p, t ;he t 'hu lEat' 'Miuek- c~ ~~~~~~~t Aiiohmar'i W'teV)e OH LOOK~IE ! A coniributioi. 11y, this is certainly a dei 'tfa' surprise. Much better than when? have to write all my own contrib- tion s. Dear Dan: Eureka! I have found it! (Gsod trar4sltin thre kid- D. B.) The lnspiratin of these Gargoyle crack, the cause of those student suicide, tre haven* that would put The qp- i ialist to Shame4 - I" c;vbcry Au (1 P. S. dour abouit ho $ i, re Bz & G" boys s> the bWavhisl? Dear Buck: Tlhanks but I must correct a f''w? mistakes just the same. Il the :firt place, when you connect the N. ?i With the Specialist, you fltte' i t Then as to your' ludicrous rnis~ak is regards the B & G Bys. Yo,,, can't put guys like that on a 1bl3k-I list, everyone else on itWoud t; mad and quit.t AND I A 01 iifL.! Suc atfinre, day! Dear Dan: (Another Item for the aai-ce>. Campaign. I just saw anothr