THE MICHIGAN DAILY
Yoreign Markets
Cease Quotation
3f U. S._Money
an To Last Until Present
Situation Is Clarified In
America, Reports State
Checks Uncashiable
,ondon Stock Market Re
mains Open But Trading
s Slow, Close Dull
(By The Associated Press)
In every European capital exten-
Ian of the American bank holiday
o .the banks of New York resulted
n suspension of dollar quotations
n foreign exchange markets until
he situation is clarified.
LONDON-There was no quotation
f any foreign exchange, for the Eu-
opean. currency rates are based on
he dollar. The quotation on gold also
'as suspended. It was uncertain
hat the program for Monday would
e, but perhaps the French franc or
>me other gold backed currency
iay be adopted as a basis for ex-
aange rates. American branch banks
'ere open; American bankers praised
ie declaration of bank holidays as
move i1n the right direction. The
ock market was quiet, the close
ull.
PARIS-There was no dollar quo-
ation. American and French banks
eclined to cash checks drawn on
merican banks affected by the holi-
ay orders. Other foreign exchange
uotations also were suspended.
BERLIN--The official dollar rate
as fixed at 4.196 marks bid, 4.204
sked. Private dealings in dollar ex-
4iange have been banned since 1930.
erman financiers felt no.apprehen-
on regarding the situation in Amer-.
a.
ROME-Dollar transactions were
uspended. The cable quotation on
ie dollar was 19.35 lire as compared
ith the recent average of 19.50.
MADRID-Saturday always is a
ill1 holiday and there was no offi-
al dollar quotation. Off the ex-
hange the dollar was offered at
1,86 pesetas, some banks offering
1.50. Laterin the day the quotation
ropped to 11 to 11.1-4.1
BRUSSELS and AMSTERDAM did
ot quote the dollar. In Amsterdam
ie unofficial rate was 2.46 1-2 guild-
BERNE-The Swiss pound dropped
) to 14 centimes. The American dol-
,r was unquoted.
COPENHAGEN-Only the pound
.irling was quoted. Payment on
xnerican checks and bills was with-
eld for the time being.
HAVANA-American branch banks,
)ntinued to operate. The govern-
ent banned publication of news
ncerning the bAk holidays in the
nited States.
In Canada all the markets weret
>en at Toronto and Montreal. Dol-1
r quotations were suspended. The
rinnipeg Wheat Exchange also wasl
>en.
enz To Give Illustrated
Lecture On World Tour1
A talk illustrated by moving pie-
res will be given by Fred Benz at
30 p. m. Monday in Sarah Caswell1
iom Angell Hall. The illustrated
1k is on his recent trip around ther
orld and will- be given at a meet-
g of the University Housing League1
r Men Students to which the publicT
invited.
The moving pictures are chosen
om an extensive collection which
e and Mrs. Benz took. The trip cov-
ed 23 cou'ntries and 82 important
The Nation's Banking Situation As It Faces The New President
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The condition of banks in the 48 states, as reported by the Associated Press, is shown by this nuji. Limited withdrawals and invocation of
the 60-day notice rule were ordered in the District of Columbia, not shown oin the map. The key to the symbols is as follows: SOLID BLACK
RECTANGLE: all banks open without restrictions; WHITE CROSS ON BLACK RECTANGLE: all banks open, a few with restrictions; DIAGON-
ALLY-DIVIDED BLACK RECTANGLE: restrictions on withdrawals in all banks; HORIZONTALLY-DIVIDED RECTANGLE: all banks closed.
Hillel Players
Will Present
WOMEN'S
ACTIYITIES
The Bybbuk
March 30 To Be Opening
Date; Komonsosov Will
Direct Production
"The Dybbuk," chosen as one of
the 20 best dramas of the last half-
century, was announced yesterday as
the spring production of the Hillel
Players. It will be presented March
30, 31, and April 1 at the Laboratory
Theatre under the direction of Dmi-
tri Komonsosov, formerly of the Mos-
tow Art Theatre.
Thirty-eight students have been
cast in the production, which is be-
lieved to be one of the largest num-
bers ever taking part in a campus
production. Among featured play-
ers are Vivian Cohen, '33, star of
"Hedda Gabler;" Paul Wermer, '33M,
star of "Death Takes a Holiday" and
Chris of "Anna Christie;" Lawrence
Rubin, '34, "Mat Burke" of "Anna
Christie;" Dena Sudow, '34, "Marthy"
of "Anna Christie" and the countess
in "Death Takes A Holiday." Others
in the cast are Paul Reitman, '36,
Milton Silberstein, '34, Morris Isaacs,
'35, Morton Frank, '33, and Abe
Zwerdling, '35.
Settings were designed after the
models used in the presentation of
the play by the Moscow Art Theatre,
according to Lawrence Levy, '34, and
Frederick Rebman, who also were re-
sponsible for the settings in "Anna
Christie."
Costumes worn are of the nine-
teenth century and are being secured
direct from New York, it was said.
The play has been in rehearsal for
the past two weeks and is expected
by local critics to make a new con-
tribution to campus dramatics.
John N. Garner
Takes Oath As'
Vice-President
Will Speak Tonight
Frank L. MeVey, president of the
University of Kentucky, will speak at
7:30 p. m. today at Wesleyan Guild
on "Religion in Changing times."
This is one of a series of talks by
university presidents.
Track Team Wins Meet j
Over Buckeyes, Illinois
(Continued from Page 1)
third, Knight, Illinois; fourth Childs,
Michigan. Time, 4:20.1.
Mile Relay-Won by Michigan (De-
Baker, Ellerby, Turner., Allen); sec-
ond, Ohio State; third, Illinois. Time,
3:22.4.I
75-Yard High Hurdles-Won by
Keller, Ohio State; second, Egleston,
Michigan; third, Pantlind, Michi-
gan; fourth, Ruhnow, Illinois. Time
:09.3.
Two-Mile Run - Won by Hill,
Michigan; second, Defresne, Illinois;
third, McMillan,. Michigan; fourth,
Warner, Ohio State. Time, 9:42.5.
75-Yard Low Hurdles-Won by
Keller, Ohio State; second, Egleston,
Michigan; third, Johnston, Ohio
State; fourth, Pantlind, Michigan.
Time, :08.1.
Two-Mile Relay-Won by Michi-
gan (Allen, Braden, Lemen, Turner);.
second, Ohio State; third, Illinois.
Time, 8:03.9.
72nd Congress Ends Leaving
Mass Of Unfinished Business
WASHINGTON, March 4. - (P)- was a matter of form but the hard-
One brief legislative action today, pressed Senate approved the confer-
the completion of formalities and the ence report on a $31,000,000 defi-
Seventy-Second Congress became ciency bill before it could turn to
history with many of the tasks it set observance of the ritual which marks
for itself undone. a change of administration.
Unreconciled differences left two Thirty-four new Senators were
appropriation bills for the new Con- waiting to take the oath of office in
gress scheduled to meet within the the brief special session called for
next few days. that purpose immediately after the
They were the $36,800,000 for the installation of Garner.
District of Columbia and the billion
dollar supply measure for indepen-! *
dent offices which carried funds for AIt y Chiurchesu
payments to veterans.
The district bill failed to get W ill Observe
through and President Hoover re-
fused to sign the independent officesL na
measure, saying in a curt statement Lth d e a d 1 , 0
that it had been raised $130,900,000 To a
over his recommendations. Continued from page 1)
Farm Bill Rejected
The Chief Execuitve also refused odist Church will return to the pul-
to approve the Smith Cotton Bill. pit, using as his subject "Fulfilling
Its death signalized the almost com- 'Our Desires." At 6 p. m. the Ann Ar-
plete failure of the lengthy program bor Civic Orchestra led by F. W.
of farm aid which the Congress out- Ernst will offer a classical program
lined when it met last December. after which the Graduate Forum will
President Hoover's last minutes in be held. In the evening President
office were busy ones. iFrank L. McVey of the University of
Arriving at the Capitol with the Kentucky will deliver a Wesleyan
President-Elect, he went immediate- Guild lecture on the theme "Religion
ly to a room where bills rushed in Changing Times." He is a recog-
through in the closing hours awaited nized leader in the fields of econo-
his signature. mics, religious education, social
Before his departure from the science, and public service, and has
White House he had signed the $308,- written several books in these fields.
669,000 supply measure for the War Dr. P. Linwood Urban will preach
department. at 11 a. m. in St. Andrew's Church
The day saw the passing of many and conclude his visit at 7 p. m. in
veterans from familiar surroundings Harris Hall. "Re-thinking Missions"
-Moses, of New Hampshire; Smoot, will be the subject of his last address
of Utah; Watson, of Indiana, among in this city.
others in the Senate, and the long list Kurt Pieser, director of the Jewish
of House members going out of office Welfare Federation of Detroit, will be
numbered such old timers as Haugen, the guest speaker of the customary
of Iowa. Hillel services at 11:15 a. m. Sunday
Garner Changes Gavels in the League Chapel. He will speak
Speaker Garner, too, laid down his on "Social Service Trends."
gavel in the House and with the A Christian Education Program by
members of the House following the members of the Church School
marched to the Senate side to take of the First Presbyterian Church will
up the gavel there as Vice-President take place at this morning's worship.
Garner, displacing Charles Curtis, In the evening at 6:30 p. m. "The
who had served in the House, Senate Church's Challenge to Its Young
and as Vice-President for 38 years. People" will be the subject of a
For the House the gathering today Young People's Meeting.
Indiana Rallies To
Take Michigan, 31-30
(Continued from Page r)
away, point by point, as the last min-
utes of the game were played. Allen
finally broke into the lead with his
free shot.
Although Indiana started fast,
Michigan overcame their lead twice
during the middle of the first half.
Indiana kept their lead during the ,
second half until Petrie sunk a foul
to tie it, 25 to 25, with six minutes to
go. After a time-out, the Hoosiers
made a basket and two fouls before
Allen and Petrie put the ball through
the hoop from the floor, to tie the
score again.
In the first half Hoffar made two
quick baskets to start the scoring.
Both teams put on a scoring spurt,
scoring 14 points in the first three
minutes.
Eveland, Altenhof, and Petrie made
field goals and Garner two fouls to
give Michigan an 8 to 6 lead. Hod-
son made Indiana's other two points
in this first scoring spurt. .
Hodson made nine points while
Altenhof and Petrie each made six,
points to lead the scoring in this half.
Hodson had four field goals and one
foul to his credit. The, half ended
16 to 20 in favor of Indiana.
Altenhof and Petrie tied as high
scorers for Michigan, each making
nine points.
Local Leaders Express
Faith In New President
(Continued from Page 1)
city council, said: "The new presi-
dent has all the opportunity in the
world to make an improvement. The
country is solidly behind him in
whatever move he makes."
"I think that we need the idealism
which I believe he (Roosevelt) has
and the higher sense of what is im-.
portant in life," Rev. Henry Lewis,
pastor of the Protestant Episcopal
Church declared.
C. J. Walz, president of the Ann
Arbor Clearing House association,
stated his belief that President'
Roosevelt should call Congress into
special session immediately and that
he should be given dictatorial powers.
"Something," he said, "must be done
to calm the people."#
Texan Ends 28 Years
Service As Member
National Legislature
Of
Of
WASHINGTON, March 4.-(P)-
John N. Garner, breaking with sad-
ness his quarter century of associa-
tions with the House, looked today
upon a new career from the vice-
pesident's chair, with the adminis-
tration at noon of the oath of office
by his predecessor, Charles Curtis.
The change was rather a simple
one, for "Cactus Jack" had only to
lay down the gavel in the House and
walk acrosst familiarcorridors of the
capital to the Senate to take up an-
other gavel there.
Before that, however, came his
farewell to the chamber over which
he has presided for so long; a fare-
well that symbolized many things-
the end of an unbroken service of
28 long years; the dropping of power,
second perhaps only to that of 'the
President. Characteristically he has
said:
"I don't think I'll like it."
The day had an equal and sadder
significance perhaps to Curtis whose
clear bronze skin plainly shows his
strong strain of Indian blood. It was
the end of a 38-year cycle, 14 in the
House, 20 in the Senate, and 4 in the
place that he, a Kansas Republican,
turned over today to a Texas Demo-
crat.
Curtis has the stoicism of his race
but he showed plainly his emotion-
Friday after receiving a silver em-
blem from the Senate. Unashamed,
he wiped away tears.
This matter of closing the banks
seems to be affecting everything from
board bills to bridge. We can't even
"ramble" any more until they open,
for according to Glendora Gosling,
'33, who has charge of the Ramblers
Club, all plans have been cancelled
until more money is available.
The Rifle Club, however, is merrily
shooting its way to victory. In the
intercollegiate matches last week
they won three and lost three. Out of
a possible 500, the Michigan team
shot 486, losing by one point to
Illinois, but. outdistancing Idaho,
South Dakota, and Coe, and falling
closely behind Syracuse and Indiana.
Last night considerable shooting
was reported to have taken place in
Palmer Field House. It'seems"the.
women's team challenged the men's.
**
How these spring breezes make one
want to jump into a suit and take a
long swim! Though that's impossible
yet, many are finding compensation
in the Saturday morning meetings of
the Swimming Club in the Union.
* *
With the 48 entrants in the cam-
pus ping-pong tournament playing
off their first match games before
Monday, every official table on cam-
pus is going to be well occupied,
Have you tried challenging your
escort to a game of badminton? The
courts in Barbour Gymnasium are
open Wednesday nights for mixed
games. Lots can be learned in about
ten minutes.
Watkins Warns Holders
Of Deferred Tuition Notes
The extension of time granted to
student holders of deferred tuition
notes by the Board of Regents recent-
ly does not excuse those holders from
conferring with University authori-
ties regarding the notes, H. G.Wat-
kins, assistant secretary of the Uni-
versity, said yesterday.
New notes designed to take care
of the time extension have been pre-
,pared and action will have to be
taken against holders of the old notes
unless they take advantage of the
new arrangements.
Library Is Given
Inf ormationOn
Prof. Thoma s
Widow Of Former Head
Of German Department
Gives Library Material
Material for a biography of the
late " Prof.. Calvin, Thomas, former
head of the German 'department
here, has been presented to the Uni-
vers ty library by Professor Thomas'
widow, under, the condition that it
should not be used until '1950.
The collection of material included
most of the professor's published and
unpublished writings together with
some of his early notes. Mrs. Thomas
presented the books and documents
not only because of their usefulness
in the projected biography of her late
husband, but also for their value in
the history of the. University of
Michigan in the period from 1875 to
1900.
Professor Thomas played a promi-
nent part in the development of the
University, and also figures in the
early history of Clormbia University.
He was 'a scholar of great ability and
knowledge in the fields of both Ger-
man philology and literature.
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was well pleased with'
Three Times
THE HOUR
HAY FEVER,
FORGET
With the approaching
presentation of Play
Production's
the campus seems to be
growing d r a m a con-
scions and trying to
that the banking holiday
is still in effect. One thing
that is always remem-
bered, however, is that
GOOD FOOD
fine service and the right
atmosphere is always to
be found at 605 Church.
of
THE QUESTION
where you'll eat is at
YIou.
THE R&S LUNCH
at 605 Church
Street, so the answer to y
Coupon Books are stillgood .. .making an even greater reduction...
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