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December 06, 1931 - Image 3

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Text
Publication:
The Michigan Daily, 1931-12-06

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"" .4E

MICHICAN DATLY

_

HITLER PROMISES
SAFE INVESTMET
Nationalist Right Party Leader
Expects to Be in Power
in Few Months.
BACKS WAR DEBT PLEA
Statesmen Prepare for Meeting
of National Financiers
in Switzerland.

CHICAGO JUDGE PLAYS HOODLUM

'WILL OPEC TOLE q
BANKS5 ON DEC, I5l

Northweser S dBoy
Comis Suiocide'
for I 3s Roommate

BERLIN, Dec. 5.-(P)-Adolf Hit-
ler, young Austrian leader of Ger-
many's Nationalist Right, beieve
his regime will control Germany
soon and promises that when it
does American bondhblders need
have no fear for their investments.
unless payment of reparations is
also demanded.
Dressed in a well-fitting black
business suit, the Fascist leader
jabbed an enphatic index finger at
a parlor table in lis hotel and told
foreignua newspape' men that to pay
2,500,000,000 marks in German re-
parations claims as well as 2,500,-
000,000 in interest on debts would
"spell economic chaos, not only for
Germany but likewise for foreign
countries."
"If France's thesis is accepted,"
he said, "and if the world acknowl-
edges that political debts take pri-
ority over commercial debts, then
;Germany will collapse economically
and there obviously will be nothing
from. which to meet commercial ob-
ligations."
He was asked if it was fair to as-
um e that he favored payment of
commercial debts in the event his
regime goes into power, assuming
commercial debts are givenapriority
over political debts.
Declines Responsibility.
"That is self-evident,"he said,
driving home every syllable with a'
forceful gesture. "There is no doubt
about it but I do decline to assume
for 60 years the obligation to pay
political debts for. which we cannot
be responsible."
Germany's position, under his re-
gime, he said, would be that it is
necessary to acquaint the world
with her real condition-"the abso-
lute undiluted truth." He said he
would not sign any agreements that
could not be fulfilled and he be-
lieved the rest of the world "will
be grateful to us for being truthful
and not making promises which
later prove unfulfillable.
"Nobody abroad at present knows
Germany's real condition," he said.
"The study commissions which came
here do not know it, or they saw
fashionable westside Berlin and
that's all."
Hitler's attitude throughout was
that of a moan cocksure of coming
into his own. "We are about to take
ower the power," he said. "It is a
question merely of months - per-
haps even weeks."
Young Committee Meets
BASEL, Switzerland, Dec. 5-(AP)-
Armed with bundles of figures and
s t a t i s t i c s, Germnany's financial
statesmen prepared today to begin
another exhaustive attempt to show
the world her war reparations are
more than she can pay.
The sessioi1s of the Young plan
advisory committee before which
the German showing will be made
do not begin until Monday, but the
national delegations were gather-
eing today and many informal con-
ferences seemed likely to take up
the week-end.
Dr. Theodore Melchior, head of the
German delegation, is believed to
have so much material prepared
that an adjournment of the com-
mittee for two or three days may
be necessary to give an opportunity
to the members to study the figures.
U. S. Member Due Sunday.
Walter Stewart, United States
member with the Eglish, Japanese
and Italian representatives, are'not
looked for until Sunday.
The committee was appointed by
the seven central banlrs affiliated
with the World Bank for Interna-
tibnal settlements, and its first task
will be to decide whether to appoint
four more members, a privilege the
Young plan accords it. If the addi-
tional members are appointed the
probably will be chosen from Hol-
land, Switzerland and the Scandi-
navian countries.
It was indicated today that at

least a part of the group may go to
Berlin, before, the meeting ends, to
go over the situation on the ground
there.

F
i

Associated Press Photo
These are "before an after" pictures of Judge Francis Borrelli of
Chicago, who disguised himself as a hoodlum (right), to mingle !or three
weeks with gangsters of the city's notorious "42 gang" and learn secrets
of their organization. At left he asppears as judge of the municipal court.

--- (Ii 'Cu scz s s.~
Leaders Report Much Progress EVANSTON, 111., Dec. 5.-All was
in Campaigxi for Stock quiet in the halls of a Foster street
of Institutions. rooming house near the campus of
Northwestern university last Thurs-
TOLEDO, Dec. 5.-(A)-Plans for day night. Suddenly, a piercing
reorganization of three closed To- l shriek rent the midnight silence as
ledo banks into a new institution, John Robyak returned to his room.
to open about Dec. 15, received fa- Entering the hall, he was nearly
vorable developments from two knocked down by Roy Cleveland
sources today. clad in pajamas who was rushing
Leaders reported progress in their to a nearby phone.
"Hello.. . hello. ... Evanzston hos-
campaign to obtain at least $2,500,- pital?" he called excitedly over the
000 in stock for the new bank, to wire. "Quick-send an ambulance
be known as the New Guaranty over to 733 Foster- man dying-
Trust Co., and- a statement of the suicide case."
Ohio Savings Bank & Trust Co., Then, turning to Robyak, Roy
one of the closed institutions to be blurted out, "It's your roommate,
taken over by the Guaranty, show- Herbert Ginsburg...He stabbed
ed an excess of assets over liabili- himself-only a few minutes ago.
ties of $2,874,042. For God's sake, do something!
To Pay Off in Full. Robyak hurried up to his room,
Statements showing the condition and there found Herbert stretched
of the Security-Home Trust Co. and across the bed, moaning and
the Commercial Savings Bank & mumbling incoherently. His bared
Trust Co., are expected to be made breast was a gory splotch. White
soon. Their affairs also are to be foam oozed out of the corners of
taken over by the Guaranty. his mouth. Near his side was a red-
The statement of the Ohio indi- stained pen-knife.
cated that if all assets are realized By this time, a crowd of roomers
according to appraisals depositors from all fjoors, dressed in gaudy
in that bank eventually will be paid night clothes, bath robes, or just
in full and stockholders will receive plain shorts had assembled in the
$92.80 on each share of $100 par room waiting for the ambulance.
value. - Only hushed whispers, and tie
Frank Mulholland, chairman of moans of the expiring boy were
the Commercial committee, told heard.
leaders in the stock subscription Suddenly the landlady entered
campaign that depositors eventual- the scene, armed with a bucket of
ly would get their total deposits un- cold water.
der a plan of good control. Ginsberg says that most of the
Ward K. Canaday, organization mercurochrome stain has been
chairman of the group of directors worn off, but that the soap sud
named for the new bank, declaredftaste in his mouth affects his ap-
he was confident of the success of petite.
the plan.
Subscriptions Listed."
Announcement of the total sub- Brown Will Recount
scriptions to the stock of the new Travel Experiences
bank, the amount of new cashl
capital, and the names of the "Leaves from a Traveler's Note-
larger subscribers will be made at book" will be the theme of the in-
the conclusion of the campaign formal talk to be given by Prof. E.
Dec. 10. More than half of the S. Brown of the political science
leaders reported stock subscriptions department, before members of the
personally listed. Student Press Club at 8 p. m. Mon-
Many depositors are turning over day evening at the Michigan
a large percentage of deposits into League.
stock at $30 a share, of which half Professor Brown will enlarge up-
is par value and half paid in sur- on notes he has made in recent
plus and reserves. trips, primarily to Europe, also from
In a telegram to a group of de- a ecent round-the-world trip. A
positors who discussed the banking general discussion of the topic will
situation, Ira J. Fulton, state super- follow the talk, and a brief busi-
intendent of banks reiterated his ness meeting will also be held. W.
stand on several issues here. He is &oddard White is chairman of the
watching the condition of the meeting.
banks closely to determine if double
liability will be necessary. Only in Salem College at Winston-Salem
case of the Security-Home Trust N C is the oldest college for wo-
Co., the first ordered as of Dec. 31.men in America.
- - - -I IIu iIP ~

CLASS PRESIDENTS
NAME COMMITTEE
Senior Architect and Junior
Business Administration
Appointments Made.
Committee appointments for the
senior class of the architecture
school and the junior class of the
business administration c ol11 e g ,
were announced last night by the
class presidents.
The architecture school appoint-
ments are:

Research Assistants
ork on Vocational
Education Problems
Six research assistants are now
working on problems in the field
of vocational education in the edu-
cation school, under the general di-
rection of Professors Thomas Dia-
mond and George E. Myers.
Frank W. Dalton is studying em-
ployed ,youth in Michigan. Voca-
tional education needs in the state
school at Coldwater are being in-
vestigated by Ben C. Fairman, un-
der the supervision of Prof. Louis
W. Keeler.
Lawrence W. Hess and Francis
X. Lake are making a study in the

Advisory committee, S t a n 1 e y fiedof vocational guidance.
Fleischaker, chairman, Wiliam Bal- Under Professor Keeler's guid-
brack, Sulho Nurmi. Social, J. Rus- ance, Lawrence Musser is engaged
in research on vocational educa-
sel Bailey, chairman, Mabel Mc- tion needs in the University Hos-
Cutcheon, and Gerald Watland. pital school. A survey of industrial
Invitations committee, Gordon arts in the small high school is be-
Sweet, chairman, Margaret Keeler, ing made by Donald Valk.
and Bernard Campbell. Cane com- WrT T
mittee, Huston Colvin, chairman,S
Vincent Miller, and Robert Mosher. ON NEW UIGHWAY
Cap and Gown, John R. Gray,
chairman, Clark Ackley, and Mar- Wil k
iam Finsterwald.
Junior business administration! Duinsg Winter Months.
appointments are:
Fiace . rw carmnL.' t heF racer . .Copr S .Ful- LANrSING, Dec. 5-work has been
F. Fratcher, D.BE Coor, aS C. started on a state trunk line high-
lerton, and Oscar Lundin. Social, way running from highway US-27
K. N. Hirt, chairman, J. B. Bonner', east through the Hartwick Pines
M. E. Hoisington, Belle Hichards, aState park.
and W. E. Costello.Stepak
Athleti comittee. W c B Branching from US-27 about three
AtletccormmitteeKalaceBmiles north of Grayling, the road
Miller, chairman, W. Katz, and L. will run northeast, connecting with
Messersmith. Publicity, C. L. Reed, the Frederic-Lovels road after pass-1
win, E. S. Ladd, and Kamil Toonian. ing through the park. Its construe-
Advisory, Fred Lyon, chairman, tion is expected to increase the
W. W. Gimmy, G. W. Sober, J. E. popularity of the state park, acces-
Spencer, and E. C. Ryan. Auditing, sible hitherto only by means of a
Ted Rickard, chairman, F. H. Bes- dirt road; and automobiles will be
senger, R. L. Fairshild, and W. J. able to travel there during the win-
Stanley. ter months.
An excellent game cover is af-
forded by the preserve, which. cov-
Con~ervation Director ers a large area of highlands and
Visits Professor Wight swamps. Deer and other wild life
abound, especially during the win-
William T. Cox, director of con- ter.
servation for the state of Minneso--
ta, Friday visited and consulted I LORCH BACK TODAY

I I

'

Just arrived, solid car load
FLORIDA ORANGES

Tree Rippe
Open Even.

ened

Sweet

$2.00 er bushel
Also sold in half bushel and peck lots.
Also Tangerines and Grapefruit.
On Sale at
KENSLERS MARKET
431 South First Street

and Juicy
Containers

ings

Bring

I

HIGH-AE-RE ---S
HIGH- GRADE REPAIR SERVICEI

Diamonds, Watches, Clocks, Jewelry

with Prof. H. M. Wight of the
School of Forestry and conserva-
tion on the Williamson wild life
management p r o j e c t. Professor
Wight is connected with the move-I
ment in Ingham county.

Prof. Emil Lorch will return to-
day from Washington, where he
has been attending Pres. Hoover's
conference on "Home Building and
Home Ownership."

- a - -,

MUM

U'WI' W

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