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February 27, 1932 - Image 4

Resource type:
The Michigan Daily, 1932-02-27

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Published every morning except Monday during the University
year by the Board in Control of Student Publications.
Member of the Western Confercnce Editorial Association.
The Associated Press is exclusively entitled to the use for re-
publication of all news dispatches credited to it or notsotherwise
credited in this paper and the iocaf news published herein.
Entered at the Post Office at Ann Arbor, Michigan, as second
class matter. Special rate of postage granted by Third Assistant
Postmaster General.
Subscription by carrier, $4.00; by mail, $4.50
Offices: Ann Arbor Press Building, Maynard Street, Ann Arbor,
Michigan. Phones: Editorial, 4925; Business, 21214.'
Telephone 4925
City Editor................................ .... Carl Forsythe
Editorial Director ......................... .Beach Conger, Jr.
News Editor....................................David M. Nichol
Sports Editor ............................ Sheldon C. Fullerton
Wvoen's Editor. . . ..... . Margaret M. Thompson
Assistant News Editor..........................Robert L. Pierce

ness of bankers to loan is limited very definitely
by the amount of money which they are able to
carry in reserve. Experience has shown that, due C apito IXNe ws
to the small num ber of such transactions in which a t l s p y a a , hung y It mWsa l
actual cash plays a part, the banking system is able
to expand credit up to as high as eight times the I3 Tom HoOVER
cash on reserve. It is clear, therefore, that if a
bililon dollars were added to the circulating cur- Special Daily Correspondent
rency of the country, enough of it would find its ._
way into the bank vaults to give some aid to com- "Why quit your own to stand on
mercial finance.
Unfortunately, however, it will take more than foreign ground?"
a request from the President to accomplish this Again we have an opportunity to
heed Washington's counsel, and
result. Hoarding has arisen as a result of loss this aicetonefra o nering
of confidence in the banks, and the only way to this advice to refrain from entering
stop it is to restore that confidence. With bank European quarrels can be applied
failures still regular components of the day's news, as well to Asia. It would be more
it is hard to convince an individual that his few to the point if, during the celebra-
hundred dollars will make any difference, other tion commemorating his memory,
than risk of its loss to himself. we ponder again on his words-"to
The point to be made there, however, is simply attend to our country and let other
that constant withdrawal of money from circula- nations attend to their business ist
tion tends to render the condition of these banks tkie duty and the only duty of the
more and more desperate. Banks cannot function United States."
without money any more than a water-mill can *
run without water. It is up to the president's I The truce has ended between the1
committee to convince the public that, while a few Democrats and Republicans. At
isolated deposits of hoarded funds can accomplish least that is what we gather from
nothing, concerted action from the millions of the comment made by Speaker
Midases the country over would make each deposit Garner a few days ago when he
safer, would provide stimulation to business, and said, "We, too, have our ideas as to
might also help to prevent further losses to them- how to affect improvements and ec-
selves in the way of future bank failures. onomics in the national adminstra-
t ion . . . no one can dictate to the
Democratic group in Congress."
WAE cannot help but realize the
command and smoothness with
which Speaker Garner has so far
GOLD IN THE WALLS !conducted the business in the
House. And we can only hope that,
(Cornell Daily Sun) there will be no discord now. If,

' /as.i V1VLlLaly 1'111

Frank B. Giibreth J. Cullen Kennedy James
Roland A. Goodman Jerry E. Rosenthal
K'ar'l Seiffert George A. Stauter.


Wilbur J. Myers
r16an Jues

Sports Assistants
John W. Thomas

Stan eigh eV. Arnheim lFred A. Iluher
Lasoh. Becker Normnan KeaIft
Edward C. Campbell lsolid 'Martin
C. Williams Carpenter Ienry Meyer
'Thomas Connellan Albert II. Newman
Clarence hayden E. lerome Knit

John S. Townsend
A. Sanford
John . Prichard
Joseti h lriilian
C. hart Schaaf
Brackk"y Shaw
Parker Snyler
G. R. Winters
Margaret 0' ri"n
Hillary Rarden
Dorothy Ruiviell
EIna \Wadsworth
Josephine Woodhams

Porothy Trockman
AlirmiZI Carver
Bealrice Collins
Louise Crandal
Elise Feldinan
Prudence Foster

Georgia Geisman
Alice Gill'e:t
Martha Littktoi
Elizabeth Long
lrances laurlhester
Elizabeth Mann

Telephone 21214
CHARLES T. KLINE........................ Business Managet
NORRIS P. JOHNSON...................... Assistant Manager
Department Managers
Advctisg...................................Vernon Bishop
Advertis:ing, Contracts...............arry 1 . Begley
Adlvertising ;Ser vice...............Byron C. Vedlder
PIublications.................................. William T.'. Brown
Accountsr . ............... Richard Stratemeir
WomenIc~'s B3usiocs Nanag;er...................... Ann WV. Vernor

Orvil Aronson
Gilbert E. Bursley
Allen Clark
Robert Finn
Donna Becker
31 artla Jane Cissel
(;cnevieve Fieldl
Mlaxinie Fiscbigrund
Ann Callmeyer
Mary Harriman '

Johm Keyser
Arthur F. Kohn
James Lowe
Ann T larsha
hathcrine Jackson
l )orot by TLay in
\"irg inia M(-C0nb
Carolin lMosher
Tielen Olsen

Grafton W. Sharp
Donald A. Johnson,
Don LyIon
Bernard i. Good


May Seefried
At innic Seng
l clen Spencer
E atbryn Stork
Clare Unger
Mary lFizabeth Watts

a t

Rumors that Yale, unable to balance her current the Democrats can only keep from
dget, would reduce faculty salaries and drastically trying to tell the world what they
rtail personnel have been denied by President 'think of the Republicans, (some-
gell. This is good news not only to the Yale thing that everyone already knows)
ulty, but to the faculties of many other univer- and apply themselves to the urgent
es, which escaping salary loses thus far, have problems at hand, they will be do-
red the effect upon their own fortunes of a re- ing a great deal more for their par-
ction policy initiated by some of the larger and ty than can be accomplished by the
althier institutions. party haggling that has existed
The sad fact remains, however, that Yale lacks a since our government began:. With
f million dollars of meeting expenses, and that the impending presidential cam-
;en per cent budget cut will have to be imposed paign the Democrats should at-
on all departments of the university. Classes given tempt to exclude congressional mis-
ry year will for a time be offered only in alternate takes, and inter-party cut-throat
rs; small class sections will be combined to form competitions because by sane ma-
ger ones; and the lower instructing staff will be neuvering and unity they stand a
;htly decreased. Thus, though the permanent winning chance in the national
ulty may escape, the burden will fall upon a few election.
ng instructors and upon the student body, which * *

and Politics
aEDITOR A. S. Marshall of The McGill Daily,
writing in The North Carolina Daily Tar Heel,
expresses the view that American college students
are not apt to be lured away from sports to sup-
port some political cause, whereas the European
youth movements are tools of politics. Prof. H.
J. Laski, some time ago, found that American
college students cared nothing about politics,
hence the apparent indifference in this country
toward good . government on the part of the
younger voters.
The American student, in general, does not
regard politics and the field of government as one
in which he might be at all interested, not only
from the point of view of a future office holder but
also as a potential voter. But his indifference is not
as great as some writers have pictured. . As Mr.
Marshall writes, his extracurricular activities run
more along the line of sports. But, at times, there;
appears some trace of political interest in the;
American undergraduate.
One manifestation of this interest is due to
prohibition. This function of the government is
brought closer home to him than perhaps any
other. He does not have to pay taxes, know the
legal technicalities of whatever business he is plan-
ning on entering, nor does he, in most cases, have
a vote. Prohibition has accomplished one thing-
it has awak'ened in the student a consciousness
that there exists a government in which he some-
day will have something to say.
In American universities today there are
springing up organizations for various political or
semi-political movements, such as disarmament,'
repeal of prohibition, entrance into the World
Court or the League of Nations. When delegates
from many colleges met at Toledo during Christ-
mas vacation, besides voting on student govern-
ment questions, they passed resolutions on such
questions as the above-mentioned, and shotly
after one of the speakers had deplored the apathy
toward politics shown in American universities!
Every student, as a potential voter, should take
advantage of his college career to become better
acquainted with the mechanics of our government,
so that he will have some background in after
years. A spell-binding orator can convince no one
who knows facts about politics.
An opportunity for Michigan students to test
their knowledge in this field will be offered Tues-
day when the annual New York Times Current
Events Contest is held. A casual day-by-day sur-
vey of the most important news should enable
many more Michigan students to enter this com-
petition than have done so in the past. And there
certainly are more than 20 Michigan students who
read more in their daily newspapers than the comic
strips and the crossword puzzle. A brief review
of the sets of sample questions published monthly
on this page of The Daily should encourage many
more students to enter. A larger field would insure
Michigan a better chance of winning the intercol-
legiate prize. Why not give the contest a try
Tuesday afternoon?
Let's Stop

I be offered a less ambitious program of instruc-

Compare with this curtailment in educational ac-
tivities the phenomenal growth in building that is
taking place at Yale. Luxurious Gothic structures are
rising in the form of libraries, gymnasiums, dormi-
tories, and classrooms. In years of prosperity the
educational program grows along with the architec-
ture, but never at any equal pace. Though Yale has
been more fortunate than most institutions in ac-
quiring gifts, the same situation exists in part on
many other campuses. American education is build-
ing itself a beautiful shell, but in years like this the
hollowness rings painfully in our ears.
Something-either a desire for monumental self-
glorification or a failure to comprehend the full scope
of university needs-makes philanthropists give mag-
nificent edifices at times when institutions can best'
employ funds in other, less ostentatious ways. For
increases to the general operating funds universities
must look chiefly to small donors, though occasion-
ally their contribution is overshadowed by large un-
restricted gifts. Eventually, we hope, more men of
great wealth will spend less lavishly and more wisely.
In the meanwhile small contributors need not be
abashed or deterred by external signs of wealth; their
money in class endowment and alumni funds is the
backbone of the university's current operations.
- 'HW S C. an d D R AA .
Two talented piano students of the School of
Music, will join forces in providing an interesting
program, Tuesday afternoon, March 1, at 4:15 o'clock
in Lydia Mendelssohn Theatre, to which the general
public with the exception of small children is invited.
Bertha Flo, formerly of Ann Arbor but now of
Detroit, talented music student, whose work has been
taken largely under Professor Maud Okkelberg, and
Mr. Emil Steva of Waponketa, Ohio, who has made
a very fine reputation will appear in joint recital.
Both young people have given fine accounts of them-
selves in previous student recitals and on this occa-
sion the following program should prove interesting
to the music loving public:
Sonata in G Minor .....................Schumann
Bertha Flo
Prelude No. 1, 22, 14, 16..................Chopin
Fantasie Impromptu, Op. 66 ...............Chopin
Emil Steva
Intermezzo, Op. 118, No. 6................... Brahms
Capriccio, Op. 76, No. 2 ......................Brahms
Voiles .......................... ..........Debussy
Minstrels ..................................Debussy
W aldesrauschen ............................... Liszt
Bertha Flo
Prelude in G Minor ................ . Rachmaninoff
Sonetto del Petrarca ............................Liszt
Jugglery ..................................Godard
Etude ...................................Rubinstein
Emil Steva
Charlotte Lockwood will appear as guest organist
at the regular Wednesday afternoon recital in Hill
Auditorium, March 2, at 4:15 o'clock. She is the
organist director at the West End Synagogue, New
York, organist-director of the Crescent Avenue Pres-
byterian Church, Plainfield, N.J., and a member of
the faculty of the School of Sacred music, at Union
Theological Seminary, New York. She possesses an
unusual natural talent which has been thoroughly
developed to a place where she has attained ranks
among the few best players of the present day,
either man or woman. She was born in North Caro-

The government is now consider-
ing the Glass-Stingall banking bill
with which they hope to offset the
harmful effect of hoarding of cu;-
rency. The new bill "permits the
substitution of United States gov-
ernment bonds for commercial pa-
per for one year as collateral for
Federal Reserve notes," thus tend-
ing to release excess gold for addi-I
ional credit work. The bill also
will allow member banks with aa
capital of $500,0GO-or less "to bor-t
row from the Federal Reserve on
assets which are not now recogniz-
ed." Such a move will check the de-a
cline of the credit supply but if not
accompanied by a plan for enlarg-
ing the circulation medium such
a plan of increased credit might bev
used to inflate securities.t
Concurrent with this move, Sen-a
ator LaFollette of Wisconsin, risingt
from the defeat of his relief bill,
gamely comes back and announces'
he is making an effort to secure a
hearing on a $5,500,000,000 loan
bill. The bill authorizes the huge
Federal bond issue to launch a na-
tion wide public works construction
program. . This is proposed to aidi
business and bring relief to the un-
employed; is estimated that 5,000,-
000 jobless will be put to workv
through this project. It is hoped
that the senate will accept this
move and not take the action that
it did before. The senate in refus-
ing to pass the LaFollette-Costigant
Bill did as much as to say that "we
must not have a dole-it might
pauperize the thousands that arek
now starving."
Senator Johnson of California
commented that: "Socialism yout
have embraced in what you havet
done. I am not frightened of it in
the necessity that exists, but, sinceP
you have made your adventure into
socialism in behalf of banks andt
railroads, let us take a step just ov-
er the line in behalf of the men and
women and children who need gov-
ernment aid."
* * *
Henry H. Curran, president of the
Association Against the Prohibition
Amendment, remarks that: "Good
old George Washington-I guess if
he were alive today he would not
get a vote from the Anti-Saloon
League or the W. C. T. U., but he
undoubtedly would be elected."
* * *
With the depression still "Hoov-
ering" over the United States, with
the Speaker of the House "Garnish-
ing" politics, and with the cut-
throat competition in the Demo-
cratic party, there is no telling who
we will have for ourmnext president.
It might even be Huey Long!
* * *
While walking through the down-
town district of our Nation's Cap-
itol, we noticed that the Washing-
tn'n Fina'ntcan'ninl c~frnnanic ,,rn~.

Ring out the old! Ring in the
new! What weather! We always
get elated and enthusiastic when
the first few days of spring arrive,
but we slump noticeably after a
week of warm sunshine, and inside
of two weeks we are dragging
around the campus with weary feet
and heavy lids. Spring affects us
that way.
Rushing week has burst up-
on the campus in all its fury.
Yesterday morning at eight o'-
clock the eligibility lists were
jreleased and by eight-ten ev-
ery freshman on campus was
all filled up. Landladies are in
open revolt, several having
been reported as guilty of leav-
ing the receiver off the hook,
Many were openly hostile to the
eager fraternity men and ref us-
ed to "traipse upstairs after Mr.
Crumb another time. ie's had
14 calls already!" We were go-
ing to interview the telephone
company and get a few statis-
tics but it was too far to walk
in such delightful s p r i n g
It seems that before any woman
student can get a room in Betsy
Barbour dormitory she must make
a personal appearance before the
Head Man, (or whoever it is, for
inspection. We have always believ-
ed that a system should be judged
by its results. In view of that be-
lief we can't say much for the suc-
cess of the system. Maybe they
need a new Head Man, (or whoever
it is).
(SuM ERFRf$ rss
This is how we feel today.
Last night we had the great priv-
ilege of attending Comedy Club's
production of "Anthony and Anna"
and we are quite frank in saying
that we didn't like it.
Here's what we didn't like:
1.-Miss Stesel's pseudo-emotion-
al scenes.
2.-Miss Stesel's diction. Exam-
ple: In the first scene Anna says to
Anthony: "I don't like you," which
was alright (neither did we) except
that Miss Stesel gave the line ex-
actly the wrong inflection, lilting
the third word, and using two des-
cending notes on the fourth, if you
get what we mean.
3.-Papa Penn's warpaint.
4.-Papa Penn's collegiate cloth-
5.-Hubert Dunwoody's English
6.-Anthony Fair's reckless, rad-
ical modernity, which after all
wasn't Robert McDonald's fault.
,Here's what we did like:
1.-George's Latin terminology.
2.-Lady Cynthia's raised eye-
brows and natural, easy conversa-

3.-James Jago's make-up.
4.-The way Fred threw his
broom on the floor.
Play-not so good but not bad.
Characters-fifty-fifty. Stage Set-
tings-Swell. Evening Costumes
and gowns worn by Miss Stesel and
Miss Johnson-Great. Music ,--well,
what do you expect? Sex appeal-
one half of one percent.
We have just made a visit to
the hydraulics laboratory in the
Engineering School. We stood
around for a while and watch-
ed some of the ever-industrious
engineers make some steam
consumption tests. It takes
about four people to do it; one
to balance the fly-wheel, one
to measure r.p.m., one to fas-
ten paper cups over a steam
jet, and one to watch. (We).
We watched for a long time and
all we know about it now is that
the r.p.m. is 220. You can take
that any way you want to. We
Railroad Jack makes a lot of rash
promises and he gets caught up
sometimes. We always like to see a
man given a break, and we regret
to say that there are students on
this campus who deliberately try to
mix Jack up. Yesterday afternoon
one of the throng in the middle of

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