THE MICHIGAN DAILY DNEgDA.Y, Y rt 1, 1932 I38NS HLD ~Ri TO CO IN SAYUANKERSL9 anding Gold Bonds Secure Nation to Standard, Is Belief. THE MICHIGAN DAILY WEflNE~DAY MAY 11 1q~2 __________________________________ .~------..-.-----, ----- --a r French Party Head LT UIMETR Subst itute Concentration Fields for Major, Minor, System. GRE~AT BRITAIN CITED Debtors' Load May Be Increased Rather Than Decreased by Inflation., By Claude A. Jagger NEW YORK, May 10.-(R')-The United States is moored securely to the gold standard by tne fact that a large amount of bonds outstand- ing in this country are gold bonds, according to opinion in leading banking quar ters. Available statistics do not show the amount of gold bonds outstand- ing, but the total is estimated at many billions of dollars. These bonds are payable, both interest and principal, in gol coin of the, present weight anci iineness, or the equivalent. One of the chief arguments ad- vanced for currency inflation is that it would lessen the burdens. of debtors. But in the case of debt- ors who must pay in dollars of the present gold content, it is conceiv- able that their burdens would be increased by depreciation of the dollar, for they would have to ob- tain more of the depreciated dol- 4lars to pay debts and interest due in present dollars. An example of the way this would work is shown in the British expericnce. With the depreciation of the paper 'currency, the value of gold coin increased. Gold sovereigns with a par value of 20 shillings be- came worth 30 shillings. A corpor- ation having obligations redeem- able in gold or equivalent, there- fore, would have to pay about 50 per cent more. It has not been customary in England, however, to issue gold bonds, so that handicap was less important than it might be here. Great Britain's obligations in this country, nevertheless, were largely payable in gold or equiva- lent, so that it has been more cost- ly for her to pay interest on her dollar bonds than before the lapse i'rom the gold standard. Not. -ily has a large amount of both corporate and public debt is- sued in this country been made payable specifically in gold dollars of the present weight and fineness, or L eir equivalent, but at least one of the leading Wall Street banks requests that notes accepted from its cusi,omers be payable in gold or equivalent. A sso'iated Cress Photo Edouard Herriot, mayor of Lyons and former premier of France, nar- rowly escaped death Monday when he made a :pectacular leap from the path of a aling building in a landslide which took the lives of more thank 15 Lyonnais. Herriot is head of the French radical social- ists. ISCO IN Of~EFU ABOT RAB'§OB en ,\c s Semvice) EVANSTON, Ill., May 10-Recent changes in the curriculum of the l College of Liberal Arts of North- western university will include the substitution of fields of concentra- tion for the present system of min- or and major requirements. Under the new system, according 'o a statement of Addison Hibbard, de an of the College of Liberal Arts, the students will be given added in- cenfive and freedom in working' jut their own educations. It will "distinguish between the- serious, superior student interested in se- curing an educaton and the aver- age, or socially minded student who goes to college largely because it is the thing to do."j The new system of granting dip- lomas of two kinds--an Honor and. a Pass degree-will allow students to study more independently if they wish. . Reading and independent study courses will be outlined. To- ward the end of the senior year, a, comprehensive examination will be given covering the field of concen- tration. However, all students must state at the end of their junior gear toward what degree they are aiming so that opportunity may be given to help them attain that de- gree. u~ LR1I SHFH[EDTJ - - - - - - - - - - - - - - - WISLAY OF PRNTS1Edmonson Defines Work of4 "A synthesis of the elementts Education in a position to offer un- Extending its stay for several that teachers and research workers usual opportunities to advanced more days, this year's exhibition in leading centers have found de- students and graduate students in from the American Institute of sirable" is represented by the Uni- elementary education." Graphic Arts in New York, "Fifty y Prints of the Year," will continue versity elementary s c h o o1, said Research has always been recog to be shown daily in the north gal- J. B. Edmonson of the School of nized as "major function of the lery of Alumni Memorial hall. Education in an address delivered unit," emphasizing modern view- Prof. Jean Paul Slusser says of before a meeting of women inter- points in child training, the dean fhe exhibit than "it is an interest- ested in education, last night in the pointed out. "The faculty of the ng collection of prints with a high Elementary school library. School of Education is thinking of trade of excellence. It is difficult "School people sometimes ask, the new unit as one in which re- to select any one print, however, 'Is the School of Education of the search workers from many depart- which in relation to others is su- University of Michigan engaged, or ments of the University will carry perlative." planning to engage, in the training forward their own studies. "My favorite," says Professor of teachers for the elementary "The time has passed when the Slusser, "is the lithograph, 'The grades?' ", Dean Edmonson contin school men are to be satistied with Bather,' by Ernest Fiene, which ex- ued. "It should be explained that contributions to a better under- hibits much skill in composition the University Elementary school standing of the child through only and a striking contrast of colors." was designed not as a training one or two fields of learning. We school in the usual sense, but rather must have the contributions of the S Studet i Fas a unit intended for research and biologists, the psychologists, the ISiX Students in inals experimentation. physiologists, the health workers, of Poetry Recitations, "As a unit in which research 1s as well as the specialists in the --- stressed, the University Elementary fields of medicine and education." Six students were seleetted from chool has placed the School of The building, established as one nine speakers last Monday night- Grade Schools 4 T t l T 3 S 5 . J BY A Tag May 11 / 4' * * a ill to read in the finals of the p o e t r y reading contest at 8 o'clock next Tuesday evening in the Laboratory theatre. They are Wil- bert L. Hindman, '33, Mary H. Mc- Intosh, '34, L. E. Gilbert, grad., Viva N. Richardson, '34, Alice Slama, grad., and Evelyn Walford, '32. Judges for the contest, conducted by the Interpretative Arts society, were Mrs. Evelyn Rockwell Gregory, and Professors Louis M. Eich, of the Speech department and Erich A. Walter, of the English department. ~i DONALD HENDERSON CLARKE'S SENSATION! war-a of two laboratory units, was made possible by a grant of funds from the state legislature in 127, it was pointed out. The building commit- tee, before ctonstruction. conf ar ed with a number of authorities and visited many school buildings in or- der to combine in the new project the best possible educational facili- ties. "All of the studies reported under the headings of hygiene, physiology, and sociology," he said, "when pro- perly developed and correlated, are pertinent to chili welfare and are essential to satisfactory advance- m.ent in elementary education." I * * * TAB Affalift goo& T 1I FresaAiramI pruna:, Chances Are Figured at 3 to Against Class of 1932, University Shows. 1 Every student that wears a tag today has helped make some unfortunate child happy. to (ig l l 'cn N s S V~C MADISON, Wis., May 10.-Figur- :ng odds to be three to one against the 1932 graduate, University of Wisconsin department heads areI doleful concerning the effects of, the depression on students seeking positions upon graduation. University and high school facul- ties throughout the country are being cut considerably, commercial offers are curtailed by the surplus of experienced workers, and where jobs are available wage cuts and increased responsibility too often -make them undesirable. Prof. R. A. Walker, assistant chairman of the high school rela- tions department, and who super- vises the placing of graduates from the educational department points out that school boards are cutting budgets and consequently salaries to the extreme. The general wage ut is over 10 per cent and in many instances approximates 20 per cent. I ,. . .. . GIFTS NOTICE 3RAND NEW 19332 PLYMOUTHIS-- Just received shipment of all cur- rent models, coaches, sedans, coupes. We will sell these at bar- gain prices. Regular new car warranty and service policy. Associated Motor Services 311 W. Huron. 22001. 611c WANTED WANTED-Porter and cook for next fall, preferably married couple. State expected salary. Address Box A31. Mich. Daily. 628 TYPING-Grad. theses a specialty. M. V. Ilartsuff. 9087. 526c DETROIT family wants furnished house in Ann Arbor for summer school session; five bedrooms; must be nominal rent, or will ex- change for furnished house in Indian Village, Detroit. Box A30,1 Michigan Daily. De . x619 YOUNG LADY who has had ex- perience selling dresses for part time work. Box A32, Michigan Daily. 630 FOR RENT HOUSE FOR RENT-Furnished or unfurnished. 1324 Olivia. Avail- able June 1. 614c AN UNU$ALLY desirable office for attorney, doctor, dentis, or engi- neer. Now available in First Na- tional Bank Bldg. For informa- tion call bank office. 560c SUBURBAN HOUSES FOR RENT- 1/ miles from campus. neat, clean, modern, 5 and 6 room houses, $35 to $50. E. E. Calkins. Phone 7254. 632 FOR SALE BAUSCH LOMB BINOCULAR re- search microscope with Abbe con- denser. Call 9630. 609c MAY FESTIVAL TICKETS--2 very choice. Full course or single con- cert. Phone 21835. 627{ I I; You Can Reach Home in a lo ment or so - Bfy Long, Distance Telephone / / $ OF ENDURING LOVELINESS If You Have Occasion to Purchase Gifts Remember Jewelry Is the Most Prized SAll. 1{ cn ! °x e . _ _---- -- _ __ - ..-- -*-- 2a- - __= VI I -the Younmg Doctor- and the Devil to Payl V A LEW AYRES MAE CLARKE, UNA MERKEL, JOHNHALLIDAY, Andy Devine --ADDEDI JOHNNY BURKE in "His Week End" SONG CARTOON HEARST WORLD NEWS S4 TURDA Y "Arrowsmith" RONALD COLMAN HELEN HAYES By Sinclair Lewis -1 A Long Dis call will take home at once. . talking is muchl sa is facory writing. Let the folks at home know your tele- p h o n e number, so they can reach you quickly and easily. Long Distance service is fast and the rates are surprisingly low. You can charge the call to your home telephone, if you wish. lance you . and ore than Kalamazoo Marquette Saginaw. Flint ..-.-. .70 1.80 0M r You can call the follow- ing points from"Ann Arbor and talk for three minutes for the rates shown. Detroit . . -a .30' .45 - L - . _ _ _ Evening and Night Station-to-Station Rates are even lower. ( 7 ARCADE JEWELRY SHOP I IF A CARL F. BAY 16 NI CKELS ARCADE ) _. P 1 MICHIGAN BELL TELEPHONE CO. - 1t --2L ONE MASTERS' phone 3021. GOWN. Tele- 629 First Show. Only Tonight-Red Arrow Auction MICHI,,GAN LAST TIMES TODAY "The Milkman" Flip the Frog Cartoon Paramount News Thursday "ITS TOUGH TO BE FAMOUS" DOUG FAIRBANKS, JR. I Tickets are or Sale Ticket Sale will be limited to daily in The million d'l ar band leader with his nationally famous orchestra will play for the