PAGE SIX

THE ?MTCIIIG AN 1) TTLY

SU]NDAY, MAY 11, 113;



Faeculty ,Men The . Inquiring
T a eT ,OU: LISTION * A New York
Camipus .Economiists T~ a pnr eqtly conducted a daily'
I "W ome ImimelO mi this iprob)-
At Business Adininistrax- i:, iu ae in comaudiae of a (il-
lion Conferenice iWe shilarto the Akron and y our
____________sh-p IU ith Wna sim~iiar aCccHi.
(Continued from Page 1) ~ Oi*p2~lfr are Pth'esent Foo s;-
_____ n f niter, Anne Lindbergli, Helen
Clare E. Griffin spoke on the "Crisis tci , iAlia Earhar't, GretaGarbo,
in World Trade." He said that. foreign a 19-year-old bride. You have
trade is important in specific indus- only one parachute. Wich one of
tries such as cotton, lard, and the yourpassengters would you save and

'flute toiii in iltee May

WaV1Knu~li)J3 onc~ lICu nPiutt' ei'ofase-

DETROIT, M Aay 13.- /:),-As re-

r2 Vc iversin charge of. Dc; 'oitls (losed
a' ional banks awaited woi'd fromn
.a~h~etn O VJ~t hr 0lexv aS-
:s~oson s'k t2.belief was
re2 (C f t"1 (i rI en;oday
V t v, ocidinves,:igate te Situtf io:n
"(1 l .0 toeDt".roif s andMich ' 4
t; ige akn'atahn
C,. 0. Thocas ad B.c. Shra '
C2CICI'2resectiely Frfst Nat-!
onhbank-Detroit, and GQua rdia a
htiual Banik of Co;nmerce. said1
t --y had received no word f rom

C -~~~~ ,..,.3..'I 3 11(
sea:'. I' . h :.. >; i'i w ,u }
Li i. )''', ' .'U, :2' V l 211hi' 18
,_I L i.'es 8.{:. ( ' 83 (d I'l'1 i il i lia;.
h .t:y Au t oflc d i huca \\cells_

i ou4 .ody'ofdaei~e
'1 M C >3of,
..) i a Y1: 'x. 1
1 A, ]1 C]v't eet e hej'igs
"1 H .} ii itI8l t 141:.1a s a

lipMe~istry Viincent L. Fitierld
11182- > aitprosecla or, and heif
1-org H. Sith wvenit to Detroit
1 'ja atet noon i2and arrested Myll
~n in Iob.~ofa stoc°k broker's office.
AccontsthA McKinistry said Myll
open'ClMay i ad 2 with two De-
roi brkergeHouses were closedy

4 ;i rVli I~o e XV rce1i.ug~'
01' Iiaiw Thought IA~st
FRESNO, Calif,, May 13. -1I1'j
Search for wreckage of an airplane.
rupal ted to h:~ve fallen in I he los
('laLus canyon region, 25 milas north-
west of Cxiiinga, X\"3'< prCSSe(i by (ii-

atil, n ' 33lw2V ' turned OOert( I te «iic(2 n '11i estdy

t; ', i\ ho :,:(t thle county
ii ld-('12ii 11t he pro t. bakhoi
U' '" " iN1'KngVr xpaie

A'Lt~I cheek )'ils tt p .1 o major arorsillCalifor -

automobile industry, wile it onstii-
tutes only about six per cent of the
trade of the United States as a
whole.
Europe is still our most important
customer, although the trend of trade
has been from the Atlantic to the
Pacific since the World War. South
America does not offer any greater
possibilities than Europe, Dean Grif-
fin said, and he emphatically denied
that South America is our "back-'
yard."
There are many signs of hope for
an increase in world trade, the most
important of which are the economic
conferences recently hield and the
general attitude of the people, ac-
cording to Dean Griffin.
Prof. Charles L. , Jamison of the
School of Business Administration
was the last speaker on the morn-
ing program. His subject was
"Changing Prices and Adjustments
in Business Policies."
If there is a period of rising prices, t
three things will probably happen,
Professor Jamison said. First, the
wholesaler who was forced out of
business by the rush of the manu-
facturers for profits will probably
come into his own again. Second,
there will be an opportunity for
revival of an enlightened personnel
policy, or, in other words, the wageI
scale will probably be raised. Third,
business will need more woking cap-
ital.
There seems to be a 50-year cycleI
in business activity-25 years up and
25 down, according to Professor Ja-
mison, who also pointed out that we
Kaye had 13 years of downward
movement in prices. But he added
that we may have "forecast our way
through this thing at double-quick
time and may now be ready for an
upturn in prices."
Dr. J. D. Bruce, vice-president in
charge of University relations, was
unable to attend the luncheon meet-
ing of the conference but his place
on" the program was filled by Dr.
Clarence S. Yoakum, vice-president
of the University and director of ed-
ucational investigations. "Education i
is the nearest approach to a national
religion, not only in the United
States, but also in England, France,
and other nations of Europe," Dr1
Yoakum said.
Dfr. Yoakum explained that here
are three types of nationalism, dic-
tatorship, groups formed for the ad-
vancement and teaching of the na-
tional culture, and a combination of
these two. Dr. Yoakum described the
group culture movement as the great
experiment of this century. If it fails,'
communism is the next step, he said.$
Robert P. Briggs, '28, presided at
the dinner at which Prof. I. L. Sharf-'
man of the economis department
spoke on "The Movement for Soia]
Control of Economic Conduct." He
pointed out that "one of the most
outstanding aspects of the current
American scene is the domiat role
assigned to the government is the
control of economic affairs."
During the short time that the
present administration has been in
power, most of the economic prob-
lems of the. country have been dealt
with directly, either by legislation
that has already been passed or by
that which is now being considered
by Congress, he said.
The movement for social control
of economic conduct which we are
now considering seeks to safeguard
and promote general interest by in-
sistence upon private co-operation
under public control By extending
the traditional relationship between
government and business it provides
the surest safeguard against violent
change or radical reconstruction,
Professor Sharfman said.

why?t
THE PLACE- Whrite Spt lunch
stand.
rv1THE ANSWERS: James F. Ogg.avy,
grnn Arbor, employee: "If it were
possible to rescue only one of these
six women, in all impartiality, the
fairest thing would be to throw the
parachute away. That is what II
should do."
Donald Hurrrel, Anni Arbor, nur-
sery farm employee: "What I'd do
would depend upon conditions. If her
husband were not present, I should
give the parachute to the 19-yea-
old bride. The irest of the passengers
have lived more of their respective
lives and this girl is entitled to as
many years of a life that is really
just beginning for her,
Wendell Ladd, Ann Arbor: "Faced
with such -a crisis. I would take the
chance of trying to save two. I
should leave the ship with the para-
chute in one hand and Greta in the
other."
David B. Sexton, Ann Arbor : "I'd
save HeIlen Keller. Because she has
done so much for herself in the past,
she deserves most to be saved."
C. L. Baker, '35: "Ann Lindbergh,
in typifying American womanhood
and because she has suffered, is de-
serving of rescue."
i l Awards
Announced By
Maj0. Ed ards
Comnpany G Commander
Presented With Medal
For Leading Ability
Drill awards in the final competi-
tions held in the Reserve Officers
'Training Corps were announced yes-
terday by Maj. Basil D. Edwards,
commandant of the unit. Elimina-E
tions h-ave been going on in the reg-
Iular drill sections for the past several !!
weeks, with the last ones held Sat-
urday.
'Company G, commanded by ]Jorge
J., Ahn cnoc, '33E receied the awa:rdC
as the best drilled company. Jimenez
will receive a old medal in recog-
nition of his work in leading the
company, i was said.
In platoon competition, the first
platoon of company C was selected.
John Seamans, '33, is the lieutenant
in charge of the unit and will receive
a silver medal. Other members of the
platoon will ieceive service ribbons ~
in the University colors.
Robert Gove, '34, corpoial in charge
of the 'first squad of the first platoon
of company G, led the winning squad
in the compeitions. He will also ire-
cive a six er medal as his citation.
Other members of the squad are as
follows: John . McCarthy, '36, Wil-
liani A. Lentz, '36, Gordon D. Davis,
'36. Melvin G. Hellert, '35, Boyd E.
Allen, '36, Wenicel A. Neumann, '36,
James A. Colgan, '36, and Burton F.
Stockton, '36. Other members of the
winning squiad, with the exception of
the corpo'al, will irecive bronze
Imedals.
At thle same time Major Edwards
announced the men selected as the
best -drilled freshmen in the batal-
lion. They are as follows: Gerrit J
deGelleke, Don H. Hill, Willis A.
Hasty, Har'old A. Strickland, William
F. Ruther, Grove R. Ginder, Roman
W. Wiatroski,.Lewis E. Berry, Thom-
as A. Jensen, L. Maurice Mason, J.
Paul Cours ey, and Robert L. Har-
rington.

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K y 3' ;FS.}i.7 .... . i ' + ' T }H ,, s4 k aSaa; p..'p y' / . _ ' 4
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SALIE

our

$1,0 0stc- of

IL m Idol&
MEN 1 5 aannd WOMEN.'S

The Cold, et Sp and nEconomic Conditions have left us greatly overstocked.

STORE CLOSED
to arrange stock for
this Big Sale.
Sale Opens Monday
at 1 O'clock

$5,O000MUST BE RAISED IN JUST 21 DAYS
B uying, has been very slow the post few months. Our
shelves are loaled with shoe's that must be sold. and
paid for at once. We handle only high grade shoes.
IPRICSWILL SOON ADVANCE. Buy two or three. pairs

THIS SALE IS
F NO CHARGES
EXTRA SALESMEN
TO SERVE YOU

Al-White y ack -Blck hie- rwi &\Wh't l-Tons
6 00 iPMRSUSBELDr-G ,O

Women Will Save Here!
SPORTSOE FOR SUMMER

I


1 00 PAIRS
White Oxfords
!-low
150 PAIRS
Broken Lois
and sizes

Sp ' Ox00d -L V
I New 17: O f r -

Values

'; b
6 9

Now ?:-own and GrT
Buck Oxfords
I Just in from
Packard '

ja! i vh ito Oxfords
$7 {.:end $8 Values
.l 89 &c 5.89
2 3PAIR-s
New S:on Oxfords
$6. 00 $7. 00 C& $8. 00
38c to 589

1
- -
a
9
. ; t . {
z- ', {,
-i '' ;'c fir.
1
' ,?4 } , ,;t r
"' *. >
; ''
a
+ ,,, ./
. .. 1 1
% r-a

Cut to

1PAIRS
WiOxfords
$.89

75 PAIRS
[New Snort
Oxfords cK.49
Cut to

200 PAIRS
$5.00 and $6.00
Oxfords $.49
Cut to
SOur Best Sport
Oxfords $7.00
Values $A.9
Cut to

WHITE 'SHOES -- DRESS SHOES


WHITE KID
OXFORDS
Values to
$7M $4.89
Cut to,
NEW WHITE KID
Strops and Pumps
Cut to .%A.49

100 PAIRS
Ties and Pump s
Cut to $3.89
700 PAIRS
Dress Styles

Men

s ress and' 4I

0

About 200 Pairs of Our Better Grade Shoes -- Styles to
be closed out- These shoes were bought°
to se ll a t $ 8 .0 0 , $ 9 .0 0 , a n d $ 0 .0 0- C h o ic e ' R=sw
M E !This WllIterest Yr,! I
We aim to close out our stock of Men's finest imported and d1omestic shoes

FLORSHEIM SHESW)' Wme

200 pairs of $10
in this

95 PAIRS OF
$10U.00 STYLES
5 styles
discon-
tinued.:

to replace with other standard mokes of the end of this cgreat sale

There-

---- -- ,

Announcing
The REOPENING on
Sunday, May 14th

fore we offer you our stock of new style Oxfords in Block, Brown and Scotch
Grain. Our regular $6.50 to X8.50 Values.
$ ~and


HERE IS

A BARGAIN

UNEQUALLED ANYWHERE
1 87 Pairs of Very Fine $6.00 and
$7.00 styles. Pumps, Straps, and
and heels.
Choice for this sale. o


Ladies, Here is a Real Buy
About 300 pairs of new $7.00 and
$8.00 styles. All the new lasts and
patters and
materials. They muIst
be sold at. .. .. ..
THESE WILL GO FAST LOOK

MEN'S FORMAL DRESS SHOES
All Grouped into Two Lots

HOUSE SLIPPERS

All Styles
for Quick

Reduced
Disposal

JOiE PXRKEICS
CAFE
AmUonlg Itradlitions~, Ill emor ics and4
iimentot-s of Mi ehi gu nmcii for
the lust thee-(luaricrs of a century

$5.00 Values
$ 3.89,

$7.50 to $8.00 Values

'9c and
$1.89

100 PAIRS OF OUR
S&50 and $9.00 shoes
New patterns and
leathers. Get a pair at

VERY BEST
$'cR £9

5 Lots of $5.00 and
$6.00 SHOES. Don't
pass up this chance,.

$ .89

COME EARLY - STYLES LL? OT BE REPLENIS'HED
WHEN THEY ARa , SOLD OUTSale O ens Monday at I .M
-if You Miss Out on these Bargains youw!lb Sorry-CM N RNGYU RED


1


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