THE MICHIGAN DAILY
IGAN DAILY
11
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XANAGING EDITOR...............FRANK B. GILBRETH
CITY EDITOR......................KARL SEIFFERT
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THURSDAY, MARCH 16, 1933
Co stock Deionst rates
AConditio. . .
D ESPUiTE reams of adverse criti-
ecism directed against him, Gover-,
nor Comstock continues to assert that he would,;
if necessary, repeat the whole process of Michigan;
bank closing, so certain is he that his was the
only course to be taken. And despite a certaini
ominous vacillation manifested by the governor
in assigning reasons for proclaiming the holiday,;
his justification at the present time appears even
more definite than previously.
How long the whole fabric of American bank-
ing system would have held together through the]
e orts of the Reconstruction Finance Corporation,
it is difficult to say. Much of the criticism levelled
against Governor Comstock is based on the asser-
tion that, had the state of Michigan not showed
its hand by declaring a holiday, corfidence would
,have been preserved and the banks throughout
America would not have closed. It is certainly1
arguable, however, that all banks were rotten ats
the core; that the final collapse of the exterior
shell has made it possible for fundamental re-
construction work to be done.l
'The R. F. C. had made no effort to guarantee
afl banks, nor had it pretended to do anything
approaching that. Its purpose was merely to offerj
aid to such banks as were considered fundament-7
ally sound, that might be a good investment for
the government, and that merely needed a loan
to tide them over temporary difficulties. It tem-
prarily stopped bank failures at least, closure of
such banks as held the destiny of many millions
of dollars, and many individuals and organiza-
tions. But the plight of the Union Trust Company
in Detroit, which precipitated the national holi-
day, indicates only too clearly that the bright
outlook created by the R. F. C. could not have
continued indefinitely by that means alone.
As noted above, the miost important charge
against the governor of Michigan is that the state
holiday precipitated the hational crisis. The word,
"precipitated" is advisedly chosen-more advised-
ly than many who use it realize. For had not
the financial institutions of the United States
been on the verge of r1uin, the situation in a single
state assuredly would not have had the effect of
wrecking thle monetary machinery in 47 others.
Previously there have been other state holidays;
these occurred from six months to a year ago,
when the situation was not nearly so acute. They
had no important efect outside of the directly
affected states.
One cannot overlook, of course, the complex
and far-reaching ramifications- of Detroit busi-
ness: But these very tentacles of influence would,
under ordinary conditions, have been sufficient
to aid Michigan in weathering her own acute
depression.
It seems to us that Governor Comstock has'
been justiied rather than indicted by the uni-
versal sequence of bank holidays, ending with a
Federal proclamation. And if the Federal govern-
inent iudicially conducts the process of reopening,
the banks, and establishing monetary stability
that is permanent--and present indications point
to such an ultima-then the governor's foresight.
will be more fully appreciated. He created no new
condition; he merely demonstrated the existence
Campus Opinion
Letters pullshed I tli 'i:tuLunni shoeh l iht be
C'Ostre11110 p:Jor, )1i.tts ', i torhd op''. ",t~i0ion f The
Da".ily. lAnonynl~iosl nnn ( U1Pilcai".iItiN wilillb d a!~ rd
ed. nImae: c O .11i, 1;wc r, W re-
rarled as -identin1 upn reue. Courh or nre
asked to i _;ritL c i tituaai cI to less tha
300 words 1 posS ble.
THE SIGNIFICANCE OF THE
CHINESE TERM 'LI'
Recently I read Professor Stanton's statement
in The Michigan Daily. At the close of the state-
ment, he pointed out that our principle of pro-
priety is expressed by the Chinese word, "Li."
It is true that we have this principle as Profes-
sor Stanton said, but we have another principle
with the same name. The latter means right, the
universal principle. What is the difference be-
tween the two? We may say that the "Li" mean-
ing propriety is used in the ordinary sense, which
is the rite, politeness, and .ceremony. According
to the "Book of Rites": "The observance of cere-
mony begins when we arrive at manhood, takes
root in marriage and becomes most important at
burials and sacrifices." Also it says, "Civility is
that which meets reciprocation." A Chinese prov-
erb says: "With politeness, one can travel all
over the world, but without politeness, he can
hardly move a step. Thus we see that ."Li" in
the pacific sense refers to a ceremony, courtesy,
or salute. This meaning applies only when every-
thing is in good order.
In the extraordinary sense "Li" has an entirely#
different meaning. There is a Chinese proverb
which says: "When reason (Li) comes, man sub-
mits" and "condemned out of one's own mouth."
But we must not forget the adminition of the
classic: "The reasonable man is bold and auda-
cious." That is to say, we must hold to the truth
(Li). We must fight until death. Our sage says:
"Men's desires can be curbed; the decrees of
heaven (Li) must be followed." In other words,
the universal principle teaches that when we are
right, we must not yield an inch. Both the "Li"
are in good preservation among our people. Hence.
it is clear that the educated Chinese of today are
permitted to engage in internal and foreign con-
flicts whenever the universal principle of right
is in jeopardy.
Puritanical declamations-if that was what the
director intended him to represelt; to Murphy
oes -d-cditiif he was intended tomake young
Wade an appealing figure.
About the title-"Faithless" is a sex gate-
i1ttraction. The producers have gone out of their
way to show how Carol was reallynot "faithless"
alter all.
Added attractions: Gleason comedy-fair;
Pooch the Pup cartoon-good; Hearst News withf
earthquake scenes and compiete- Roosevelt ad-
dress.
PLANS FOR NEXT ART CINEMA
ATTRACTIONS AREAUNDERNWAY
Patrons of the Art Cinema League will be in-
terested in hearing that plans for future enter-
tainment, both by way of the talking screen and
the lecture platform, are progressing.
It is planned to present "Kameradschaft," Ger-
man World War film, in the Lydia Mendelssohn
Theatre April 27, 28, and 29, if possible. Officials
of the Art Cinema League are contemplating the
purchase of talking equipment to be used in the
Lydia Mendelssohn with this and subsequent at-
tractions, according to Jacob Seidel, '35, an offi-
cial of the League.
German producers are also responsible for the
second talking picture under consideration. It's
Carl Sandburg, who would be classified
something like this-(Poet, Rad.)-if he were
a senator, will speak here April 4 under the
auspices of the League. His talk, lasting one
hour and a half, will be split up as follows:
(1) Modern Trends in American Literature;
(2) My Own Poetry; and (3) Guitar selections
and the singing of some of his own ballads.
the tale of what goes on in a girl's boarding school
under the watchful eye of a stern praeposter sys-
tem-no less a triumph than "Maedchen in Uni-
form." The League will try to secure it for the
last week of this month, but if such is impossible
it will be scheduled for the first week in May.
--G. M. W.,. Jr.
Editorial ommen
100 ENGRAVED CARDS
ond PATE 2.25
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Money" by o?::ring a free manicure every Monday, Tue sdayi and
Men's, Ladies', & Children's Haircutting 35c
615KEEP WELL-GROOMED AT THE GROOM-WELL BARBERS
15E. Licert a competent barbers) 812 S. State i 3 competent barbers)
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CPEN i NIJlT
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Of Cash?
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and let himn
arrang e your
Swap
It is interesting to note that the two meanings -
of "Li" are expressed by wholly separate and dis- THE MOST BEAUTIFUL CO-ED
e ,.. ,
tinct Chinese words. The written form is differ-
ent, but the pronunciation is the same.
My argument for this description will deal with
the principles of China. China was once an ex-
ceedingly powerful and civilized nation; it was
the dominant state of the world, with a standin g
higher than that of the modern Great Powers.
Why did it once occupy so exalted a place? The
chief reason lies in the National Spirit: Decorum,
Uprightness of Mind, Honesty, and a Sense of
Honor constitute the four supports of our state.
Decorum is the "Li" in the sense in whicn it is
used by Professor Stanton, Uprightness of Mind
means in duty bound not to refuse. Honesty is
integrity, which consists of the following virtues:
goodness, ability, reverence, uprightness, regard
for law, and discrimination. A Sense of Honor
consists of fame or modesty. These four main
principles include all of China's old moral stand-
ards; they are not yet lost sight of by the people
of China. First come Loyalty and Filial Devotion,
then Kindness and Love, then Faithfulness and
Justice, then Harmony and Peace. Professor
Stanton in his statement gave us only the one'
meaning for "Li," that is, Decorum. The other
"Li." that is in the extraordinary sense, includes:
Uprightness of Mind, Honesty, and a Sense of
Honor.
After the Manchus empire conquered the whole
country, domination by an alien race ensued. The
invasion of foreign culture which has spread its
influence all over China has caused the national
spirit to wane. But now most of our people under-
stand that we occupy today a most perilous posi-
tion, and our national spirit is reviving itself,
And since we know our danger, we are utilizing
China's ancient social groups. such as the family
and the clan, and consolidating them into a great
national body. This has been tremendously aug-
miented by the Japanese invasion beginning ill
1931. Now we have the strength of four hundred
millions united to fight for the universal principle.
No matter how low and poor our present position,
we should ultimately be able to lift it up and drive
out the invaders from our territory.
J. T. Chao.
.Screen Reflections
Four stars means extraordinary; three stars very
good; two stars good: one star just another picture;
no stars keep away from it.
AT THE MAJESTIC
"FAITHLESS"
SOCIAL BUTTERFLY IN
TOILS OF DEPRESSION
Carol Morgan ........ ralullah Bankhead
Bill Wade.......... Robert Montgomery
Anthony Wade ......... Maurice Murphy
Blainey................Hugh Herbert
Dorothy Carlyle, women's editor of the Daily
Northwestern, has some ideas on beauty contests
which might well be considered by the manage-
ment of the current Waa-Mu show.
Justly criticizing the editors of this paper for
their part in the Charity ball queens' contest,
Miss Carlyle says that it is u f air to judge
Northwestern co-eds on a "face aihd form" basis.
This is legitimate criticism.
Beauty queen contests, with which this campus
has been over-run. may be excellent publicity
"unts for certain organizations.
But they do not have a place at Northwestern.
Their proper place-if they have one-is in
Hollywood or at auto shows and country fairs.
The Waa-Mu publicity department claims that
"every girl in the university will be considered" in
selecting Northwestern's most beautiful co-ed.
This cannot be true.
It is. virtually impossible to give every co-ed
this consideration. Furthermore, some of the
university's admittedly attractive women will not
enter such a contest.
So many factors characterize beauty that it is
impossible to tie them all in a package and mark
it "the most beautiful."
The Waa-Mu show does not need a beauty
queen. It is an established institution. Its per-
formances usually are good; its direction and
management admirable.
But it does not need a beauty contest.
-Daiy Northwestern.
11
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That's how pilots on the country's major air
lines fly today. With remarkable regularity,
i h'i'g p lans through on time -'aided by
Western Electric Rad o Telephone whieh serves as a guiding
hand through darkness, clouds and fog,
By proi' s :iding tll hr-i'ughly dep endable communlilicatiofl apparatus,
Western ELictric has played an important part in the rapid growL
of air transportation. In other fields, too, this Company is con-
stantly meeting new sound transmission needs by drawing upon
its 50 years' experience in Bell Telephone making.
WegrriiElectric
Manufacturers . . Purchasers Distributors
SINCE 1882 FOR TI'IE BELL SYSTEM
STARS
a
STRIPES
-- -----By Karl Seiffert
Forty-one of the 101 new cars to be bought by
the Detroit Police Department will be used as
radio scout cars, the rest apparently being in-
tended for use in law enforcement,
Talbot took violent issue, insisting that "pooey"
was an outmoded, provincial form in hog-calling,
and that hog-callers had almost universally
adopted "sooey" instead. Frazier leaped to his
feet, Talbot said, grasped the other octogenarian
by the lapels, and shook him vigorously, causing
him to drop his false teeth, which were broken
in the melee.-Excerpt from News Item.
What's the difference, as long as they come?
ASKS CITY REVENUE
LUMP FOR PAYROLL
-Headline in Detroit Paper
Many more of those lumps and they're go-
Mildred Cram's novel has been nade into a ing to score a knockout.
movie that will prove entertaining in spots to * *
:nany film fans, especially staunch supporters of "The money changers fled from the temples,"
Talullah B nkhead and Robert Montgomery, but says Mr. Roosevelt. That's just the trouble- they'
its repetitiousness and lack of anything but the ook all our cash with them.
simplest of plots will keep it out of any extra- * *
l'dinary classificatioll. CLASSIFIED AD: LOST-Ladies' wrist watch
"Faithless" points out the ailmost insurmount- n Arboretum $.unday. Reward.
able difficulties which beset a young man and Virtue, my cear, is its own reward.
wife--the wife a former society belle who proved *
cold to anything or anybody ezccpt i'r own self SENATE T' ACT
and oblivious to the bankruptcy that every pair ON EER I'ODAY
of $55 slippers brought nearer. "Faithless" makes Hn,_ Udlizle
light of the practice of picking UP 1en on the The 'eal action won't come for a couple
'treet, glosses ovr Cai ols many iaiin{s, and gen- Iof weeks yet, though.
erally makes itself a'lj le emoralisin. That is.*
demoralizing to thse who ha cn't seen aciis of Banking has been scored as "the curse of the
the screen make ihe same sanri-ice Jei af;er reel country " A curse, incidentally, wilich seems to
in so many other pictures. have been considerably diminished during the
Robert Montgomery, ater a short absence past month.
from the business of' putting out scr'een hits. is ' *
back as the $20,000 a year advertising imanager An authority on public speaking was recently
who joins the unemployed after successive jobs as introduced on the radio as "giving the last of his