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April 28, 1932 - Image 2

Resource type:
The Michigan Daily, 1932-04-28

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wing Sentiment Is Favoring
Expanding Currency to
Force Prices Up.
tinued Issues of Paper Money
Would Lead to Evils of
Extreme Inflation.
imitting frankly that he was
the fence" on the inflation is-
Prof. Leonard L. Watkins of
economic department pointed
in an interview yesterday the
I and bad features of the con-
plated measures leading toward
ition of United States currency.
he proposed bonus legislation,"
stated, "is indicative of growth
entiment in favor of expending
currency in the endeavor to
le up, prices and thereby stimu-
productive activityand de-
.se the burden of fixed indeb-
less represented by bonds, mort-
s, and the like. Advocates of
ernment inflation regard such
on as preferable to the delays
dangers accompanyingthe de-
.on and bankruptcy route we
e been following.
the choice between two routes,
hi beset by dangers, is not easy
nake. There are many malad-
Ients in the present situation
ch government inflation will not
. There is, moreover, the ser-
danger that, once Congress has
arked on an inflationist pro-
mn, continued issues of paper
aey will be made, leading to the
Sf -extreme inflation In that
nt we-would pay dearly forti
aediate relief obtained."l
Banks Hope to Turn Tide.
he Federal Reserve banks, he
, are now following a program
nroderate "reflation," which con-
s essentially in buying up a
e volume of, securities in orderl
orce gold reserves into the bands
ommercial bank, and thus make
loan policy of the latter more
.al. The reserve banks thus
0 to "turn the business tide
aout leaving the gold standard,
* without incurring the dangers
erious inflation.",
The effectiveness of this policy,"
said, "will depend largely on1
Ather commercial banks adopt
:e liberal loan and investment
.cies in consequence of the in-3
Ise in their reserves.
Congress May be Favored.
f this action by the Federal R-e-
e Banks does not succeed in its
pvse," he concluded, "and if the
gIoric situation becomes worse.
gress will be further besieged
take action designed to place
ds directly in the hands of
riders. Further difficulties arise
n government inflation in con-
.plated, both to the method to
utilized in raising the funds to
pent (whether by borrowing or
ssue of paper money) and with
ec to the method of spending
.ether tby paying doles, the
us, or the construction of pub--
rt i to be hoped that Congress
defer action on the bonus bill1
east until the effects of the Fed-
Reserveuaction. can be ascer-
ed, and until the several other
rnatives are darefuly consider-
ally Oficial Bulletin
(Continued from Page 6)
b . R Upse are inited to at-
f the Alumnae Tea which is to
given Saturday, April 30, from

to five o'clock.
Obin Hood Cast Members: There
be a formal dance to be given
the two glee clubs in honor of
Robin Hood Cast on Saturday,
the Women's Athletic building,
'ting at 8:30 p.m. Any people
were not in the cast and are
present members of the glee
s, will not be admitted unless
special invitation of the com-





h'0''c' It Over

SWcnmn in Ruzsia, under the five
Program to Be Presented ai ycar plan, a en ialf as bad off Laissez-Faire Policy Will Not
Congregational Church awonen in he United States and Work Under Modern
on Sunday Evening. cpeia hose on this campus, ac- Conditions.
A popular evening concert by Ann cor co aison drawn -
' oua vnngcnetb n Offering no cure-all, but pointing
sE Arbor's naeet musical organiza- YlMauric Hindus, author of the ofrn ocr-lbtpitn
on. h m i o esta, will ce ty pli s d u manity Up-;out as the m ain cause of the d -
be given Sunday evening at the rooted." a d s ription of life in pression the unemployment due to
Congregational church as one of Russia under existing conditions. labor-saving machinery, Dr. Walter
the singular musical offerings of HindU: points out that women G. Everett, professor emeritus of
the year. "may do smoke in the street, philosophy at Brown university, ad-
Since L-he organization's inception on th e npus of a tniversity . dressed a small audience yesterday
four years ago as a church orches- 'anywhee and eveiywhere that ; afternoon in Natural Science audi-
tra, it has grown in size until now men en'oy the priviJe." torium on the subject "Our Econ-
it embraces close to 30 musicians.' But, moreovr, th author strikes omic Malady: An Ethical Interpre-
Led by Frederick Ernest, of the home n"e Irtes, "I know of1tMtian."
School of Music, the instrumenta- no pla x in Ruassia where women Likening big business. to a sick
tion is almost complete. must cnte± a building through the man suffering from a disease, Dr.
Although the orchestra at times ! sid oor and not th front as, for Everett pointed out that unless th.
has given concerts as a unit, most examp! , in the Union building of doctors who are attempting to diag-
of its presentations have been in ce fi our nost progressive west- nose the case come to an agre-.
groups as quartets and quintets. ern universitie . .." ment, the patient will suffer irre-
The orchestra was first organized parable injuries.
in 1928 with four musicians taking CDL UMIA CREDITS Laissez-faire policies, Dr. Everett
part. These were Karl Tunnicliffe, - . claimed, work only among pioneers
a Detroit cornet; Phillip Potts, trombone; _ . ? EC.": ?NIZE D or isolated people, and that under
where the Charles Gray, saxophone; and Miss modern conditions such a thing is
Catherine Rundell, piano. Each of Only 4 fer Examinathons Have impossible, despite the cries of bus-
the four at one time or another act- L ee mess men for it.
- ed as director. Here.Referring to the mnoratorium
INTRAMURAL SCORES Courses takenIhough the home which he termed as an unsuccess-
Itd lnoi' yClmi ful attempt at a cure, Dr. Everett
shady plan off(ed by Columbia
Public Frateri Games Universit will be credited Michi- said "it is no more than a post-
()an stuens only after satisfac- ponement of a surgical operation
Alpha Kappa Lambda 8, Psi Up- I comletion examinations that is inevitable."
ition from silon 0 given here in such subjects, Dean
Minor that Delta Thi 1 aph a Chi 3 oh' R. Effinger, of the Literary
Delta Tau Delta 13, Sig-ma Chi 3 I< . .
to about Alpha Tau Omega 6, Alpha Delta cofiege, -ai: yesterduy.
Phi 5 Dea Eluger stated that stu-
rDelta Kappa Epsilon 11, Ciii Psi 1 dents a~ho phan to take home study.1. i
ions made taC , p courses offered by Columbia should
the Mus- -he Dlta 5 consult with the deans of the var-
[o and the Epio-
[1aof wh Pi Lambda Phi 16, Delta Sigma Iious schools and colleges of the
he of whov- 'Pi 15 University in order to avoid pos- ('T e
Ainha Kappa Psi 23, Chi Phi 12 sible disappointment regarding the
vever, the Sigma Nu 6, Phi LamAda Kappa 6 acceptance of such credit.
:hai t be n Phi Beta Pi 12, Delta Sig m Phi 2 -~_-f-
Phi Gamma Delta 13, Phi Sigma--

one person was killed and 24 others injured, scvera seriously, when a gas explosio-n in
plumbing shoj) wrecked four store buildings and a lIA in suburban Highland Park. The shop
r x!osic- oc currcd is shown here. A Broken gas maia was blamed.

IT Exhibition of Antiquities of Waterman
B[t 0BE CTILE Expedition to Be Open Daily fo
FB NO SPD LBeginning with a formal invita-, by the Waterman exp
tional opening at 8 o'clock tonight, this ancient city of Asi
for friends of the Waterman ex- flourished from 300 B
Vars ty Musicians Will Have pedition members, the first exhibi-T


Local Drills, Concerts
at Functions.

tion of antiquities from Seluci-on jU20'i..

f 4

Plans for anactive spring sea-
son for the Varsity band, which
will include a number of campus
appearances with a possibility of
s veral out of town concerts, have
been anounced by officials of the
Friday night in Hill auditorium
the band will present a short con-
cert preceding the finals of the
State championship high school de-
bate to open the schedule, while'
next Wednesday it will lead the
Swingout ceremonies.
On May 5, the annuol R.O.T.C. re-
view drill will occupy the organiza--
tion and on the following day the
music for the traditional Cap
Night activities will be furnished by
the band. A radio broadcast on
Saturday, May 7 will be one of the
two activities for that day while
following the presentation the band
will join in the homecoming pro-
gram with the two glee clubs. Sev-
eral R.O.T.C. reviews for command-
ibg offlcers are also planned for
the middle of the month.
In addition to th foregoing con-
certs, the band will present weekly1
Wednesday night concerts on cam-
pus, for which the bandstand in
front of the library has been con-
Dental Studnts Plan
Trip to Detroit Plant
Seniors and hygienists of the den-I
tal school will visit the Detroit fac-
tory of the Parke Davis Pharma-'
ceutical .Co. next Saturday, it was
announced yesterday by Dr. U. G.
Rickert, who is in charge of the
t ip. He said that he expected about;
100 students to! take advantage of
the opoortunitv.

f 4

the-Tigris will be open daily for The successful excavat
public inspection in the first foor have been financed by
corridor cases in the architectural eums of Cleveland, Toled
building. University of Michigan, al
This exhibition wiu Ie an innova_ are to share equally in t
tion in the architectural school, eries. Temporarily, how
nothing like it having been ever entire finds are being ex
shown before. It contains much several cities, having alr
pottery, many coins and bits of shown in Toledo, Ohio.
sculptire and architecture, taken The Museums of are
-------- as led by Doctor Leroy V
Professor of Semitics who
- - _-=_ fi l lustrative slides concei
rcxcavatio ns, at the form
From tomorrow morn
Ilj Q114?May 7 this exhibit will
eaily except Sundays, fr
- - o'clock.
Just received shipment of all cur-
rent models, coaches, sedans,
coupes. We will sell these at bar-I
gain prices. Regular new car
warranty and service policy.
Terms, trades. Associated Motor,
Servi ces. 311 W. Huron. 22001.
611c st

a will show
mning the
a1 opening
ning until.
be shown
om 9 to 5

Delta 8V
IAlpha Chi Rho 1, Sigma; Phi 0
Beta Theta Pi 19, TanDeia Phi 11
Phi Sigma Kappa 27, Acacia 1
Phi Kappa Psi 14, Alpha Sigma
Phi 0
Triangle 1, Thet' Cli 0
Alpha Omega 8, Sigma Pi 1
Indepeiideit Gjames
Dark Horses 11, Buckeyes 3
Acorns 15, D.D.'s 12
~ - ~ -


C s '°"

.: f 1y i
c"' r a r
. _ rn ' '

ACCLAIMED by the country's
leading critics.
BAR D from the campus by
the University censor.
UNDISTORTED, unexagger-
ated drama;of the military
scandal which rocked Europe
for a decade, condemned an
innocent man to Devil's Island
and returned him finally-a
tion of a man by his country.

t ' "


TYPING-Grad. theses a specialty.
M. V. Hartsuff. 9087.
204 North Main Phone 3916
We can wash your curtains cleanerI
and cheaper. Call now. 200c
AN UNUSALLY desirable office for
attorney, doctor, dentist, or engi-
neer. Now available in First Na-
tional Bank Bldg. For informa-
tion call bank office. 560c
CCMPLETELY furnished apart-
ment with private bath and
shower for 3 or 4 adults. Also
furnished apartment for two.
Double and single room. Garage.
Permanent rental or week-ends.
Dial 8544. 422 E. WashingtonSt.1

lane _ yz
1"ng t t
g ,Ied b '4' ehe
. to.
Our gang 4CA
Harry Lauder

ful talking picture.


directed and produced by
English stage ,.and cinema
THREE weeks in Detroit.
PROJECTED by latest sound
equipment at the
T rtA ToE A
Styr . izgr.To rroWv

Jt~o ~ 'H kA

search microscope with Abbe con-
denser. Call 9630. 609c
LOST-At Sigma Delta Chi dance
in Press building Friday night, a
brilliant earring. Call 9617.


New Low Prices
Satisfaction Guaranteed
Edcwards Letter Shop
711 N. Univ. 'Above Moe's'

Novelty Act


Matinees, 3:15
Evenings, 7:30, 9:15


FOUND-piece of jewelry at Grid-
iron dance. Owner may have by
identifying and paying for this
ad. Call Conger, Daily office. 608

",r5 '

ll, ol

P s o


d a! x . i; T Ad ti Y- ,. _. ., .. <
IL I I'WO &-wome the s * SchO
-51 w e-%I



Glub and Pa rent ducat*ss lixiqrtitute

Our annual spring sale is in progress and a quality stock of merchandise is being offered at drastic reductions.
$1.00 popuar fiction now 79 cents, some as low as.................................... .49 cents
The Modern Library, regularly priced at 95 cents, .now...... . ............. ......................57 cents
Everyman's Library, regularly priced at 75 cents, now.................. .................. ..35 cents
The Black and Gold Libary, regularly priced at $3.50 per volume .................. Reduced one-third
Books on drama, travel, poetry, and biogtraphy ....................,........ .......Reduced one -hird
A $5,000.00 stock of fine bindings, very suitable as rare gifts for Mother's Day, is.....Reduced one-thrd
4+ .i~ 0

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