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May 26, 1933 - Image 1

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Publication:
The Michigan Daily, 1933-05-26

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.......

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The Weather
Cloudy, showers Friday; scat-
tered showers Saturday.

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Editorials

I

O'Brien's Assertion
And Laird's Apathy

VOL. XLHI No. 172 N ANN ARBOR, MICHIGAN, FRIDAY, MAY 26, 1933

PRICE FIVE CENTS

New Morgan
List Reveals
Stock Favors
Robinson Asks Ouster Of
Davis And Woodin For
Dealings With House
ExPres. Coolidge
Named In Probe
McAdoo, Lindbergh, Sloan
Among Others Buying
Stock At Low Price
WASHINGTON, May 25.-()-
Amid disavowals and demands aris-
ing from previous evidence, a newl
list of famous personages to whom
J. P. Morgan & Co. sold stock at
prices below their market quotations
brought the name of Calvin Coolidge
into the record of the Senate Bank-
ing Committee today in its investi-
gation of the activities of bank-
ing house.
From Senator Arthur R. Robin-
son, Indiana Republican, there came
a demand for the withdrawal of Nor-
man H. Davis as ambassador-at-
large for America and the asser-
tion that Secretary William H.
Woodin had outlived his usefulness.
Davis Received Loan
Davis was disclosed yesterday as
having received a loan from the
Morgan company and Woodin was
on a list of customers to whom stock 1
was sold at a reduced price several
years before he became Secretary of
the Treasury. A little earlier Sena-
tor -William G. McAdoo, California
Democrat, had disclaimed that he
was one of the Morgan preferred
customers and said that he lost
money on his stock transactions.
The introduction of the name of
the former President into the rec-
ord brought a buzz of excitement
in the crowded committee room. Mr.
Coolidge was shown to have pur-
chased 3,000 shares of stock at $32
a unit, in the summer of 1929, after
he left the Presidency. The stocl
opened in the fall at a listed price
of 40 7-8.
Includes Many Celebrities
Other celebrities on the list in-
cluded Secretary Woodin, 1,000
units; S e n a t o r McAdoo, 1,000;
Charles A. Lindbergh, 500; Gen.
John J. Pershing, 500; John J. Ras-
kob, 2,000; Bernard M. Baruch, 4,-
000; Norman H. Davis, 500, and John
W. Davis, Morgan counsel, 5,000.
Other major developments in the
day's inquiry included:
A statement on behalf of the Mor-
gan House that it had participated
in marketing $6,024,444,200 of secur-
ities since Jan. 1, 1919, without high-
pressure salesmanship and favored
legislation to require full publicity
on profits from marketing stocks and
bonds.
Testimony by George Whitney, a
Morgan partner, that he made $889,-
000 on a single transaction in 'the
stock of Johns-Manville Corp., but
denial that he profited from inside
knowledge as a director of the com-
pany.
Morgan Explains Taxes
Explanation by J. P. Morgan that
he paid income taxes in England in
1931 and 1932, when he paid nothing
in the United States, because of a
difference in the laws.
A statement by McAdoo that
though he made $4,900 in 'one stock
purchase from Morgan, his net on
three such purchases was a loss of

$2,565, and an assertion that he was
not a "preferred client."
Submission of letters from John
J. Raskob and others thanking the
Morgan house for offering them stock
at below market levels, and the ex-
pression of hope by the former
chairman of the Democratic National
Committee that he might someday
reciprocate.
Agreement by the committee to
decide tomorrow whether to make
public the closely-guarded partner-
ship agreement of the House of Mor-
gan and the list of individuals who
have deposits of $10,000 or more with
the firm.
A suggestion by Ferdinand Pecora,
the committee counsel, that the Mor-
gan firm lost a possible profit of $8,-
623,000 by selling Alleghany Corp.
stock to a special list for $20 when
its price was many dollars higher.
Mystic Order Of Druids
Initiates Twenty-One
Twenty-one novices were initiated

On Favored List

-Associated Press Photo
William H. Woodin, newly named
secretary of the Treasury, whose
name is among those on the J. P.
Morgan & Co. below market price
stock purchasing list.
Plans For N'ew
Council To Be
Released Soon
Revised Form Of Student
Government To Be Made
Public Next Week
Plans for a new form of student
government to replace the defunct
Student Council are being drawn up
by a committee of leading seniors
and will be announced some time
next week, according to Edward S.
McKay, chairman of the committee.
The other members of the com-
mittee are Barbara A. Braun, Charles
R. Racine, Edwin T. Turner, Byron
C. Vedder, Ivan Williamson, and Alli-
son B. Evans, Grad.
The interest which the women on
the campus are taking in the new
plan is as gratifying as it is unusual,
McKay said, last night, in discussing
the work of the committee.
Hitherto, women- have not shown
much interest in student, govern-
ment, he said.
Harlequins To
Play For Friar
Danee Tonioht
Pietro Brescia and his Harlequins
will play for the Black Friar's dance
to be held tonight at the League,
coming direct from a run at the
Mark Hopkins Hotel in San Fran-
cisco and a string of engagements in
Hollywood, where they played in a
number of films.
It is the second appearance of the
orchestra here this year, the band
having previously played for the
Frosh Frolic. In the opinion of the
largest bookers in the country, the
Harlequins are among the coming
bands in the country.
All lounges and fireplaces, the en-
tire second floor and the grillroom
will be open to guests of the party,
it was announced. The dance will be
held in the main ballroom,

Senate Passes
Banking B1ill
In Four Hours
Revised Last Session Bill
Designed To Prevent
Financial Emergencies
Has Provisions For
Deposit Insurance
Hucy Long, Opposer Of
Last Session Glass Bill,
Supports This One
WASHINGTON, May 25.-()-A
banking bill designed to prevent a
recurrence of such a financial emer-
gency as rocked the country on
March 4 was passed today by the
Senate with less than four hours of
debate.
Revised considerably from the
form in which it held the Senate in
prolonged dispute and filibuster last
session, the bill passed without the
formality of a record vote.
It carries provisions for both emer-
gency and permanent insurance of
bank deposits and calls for the sur-
veillance of banking and investment
business. Like the bill of the last ses-
sion, it bore the name of Sen. Carter
Glass (Dem., Va.), who led the long
fight for the legislation.
The measure will go into the hands
of a conference committee, which
will reconcile differences between the
Senate bill and the one passed by
the House Tuesday. The two are sim-
ilar except for slightly different de-
posit insurance provisions.
While the legislation has not been
made part of the Roosevelt program,
its backers hope the President will
see his way clear to sign it.
Sen. Long. (Dem., La.), who led the
long filibuster against the Glass
measure last session, said he favored
the new one because it contained
"protection for the little bank which
the Glass bill didn't have."
An amendment providing for the
insurance of deposits in all banks for
one year, beginning July 1, after
which time the Glass permanent in-
surance fund would begin to operate,
was put into the bill at the request
of Sen. Vandenberg (Rep., Mich.).
It also was approved without a
roll call. It provides for the insur-
ance of deposits up to $2,500 in Fed-
eral reserve member banks and state
banks certified by state authorities
to be solvent.
Man Hurt In Accident
Reported As Doing Well
Henry Millage, R. F. D. 6, was
taken to the University hospital 'at
6 p. m. yesterday following a colli-
sion at the intersection of Tappan
and Monroe Streets. Millage's car
collided with one driven by Mrs.
James Schiller, 737 South State St.,
with such force that both cars were
badly damaged.
Hospital authorities last night re-
ported that Millage suffered minor
lacerations of the head. His condition
i is not serious.

Dramatic Season
Director Appeals
For A Black Cat
An urgent appeal has come from
Robert Henderson, director of the
1933 Dramatic Season, now being
presented at the Lydia Mendelssohn
Theatre, for a coal black cat. Evi-
dently Mr. Henderson is not bur-
dened with superstitions, for he
claims he must have the loan of a
black cat for the production of
"Springtime for Henry," Benn Levy's
gay comedy whcih opens as the sec-
ond production of the festival season
this Friday matinee and night, May
26, in the Lydia Mendelssohn Thea-
tre.
In the last act of "Springtimeefor
Henry," he explained, Henry Dewlip,
as played by Tom Powers, finds a
coal black cat lying on the quilt on
his bed in his bedroom. Gingerly he
brings in the comforter with the cat
peacefully sleeping on it; and finally
he deposits the cat outdoors.
Mr. Henderson requests that any-
one owning a black cat, and who is
willing to loan it to the Dramatic
Season for the run of "Springtime
for Henry" communicate with the
box office in the Lydia Mendelssohn
Theatre by telephoning 6300. The
cat must be solid black and motherly
looking; Tom Powers requests that
the cat also be of a friendly, amiable
disposition.
Thieves Enter
4 Fraternities;
Money Stolen
Police Records Disclose
Losses Of One Cent To
$20; No Arrests Made
Thieves entered and ransacked
four fraternity houses Wednesday
night, police records disclose. Mem-
bers of Phi Gamma Delta, Pi Kappa
Alpha, Trigon, and Delta Upsilon
were robbed of amounts varying from
one cent to $20.00. No arrests have
been made as yet.
Phi Gamma Delta, 717 Oxford
Road, proved the most remunerative,
While most of the occupants were
asleep on the third floor, robbers sys-
tematically went through the rooms
of nine men.
Warren Mayo, '33, who discovered
the robbery in the morning when he
found his wallet in the wrong pocket,
was the heaviest loser at this house,
missing $12. Other losses were: Ver-
non Bishop, '33, $10.40; John Stokely,
'34E, $6.00; Herbert Breyfogle, '33'
$2.00; Charles Darner, '33, a white
cameo ring; James McCollum, '35, 50
cents; Earle Kightlinger, '33, 25
cents; Lawrence Clayton, '35, 25
cents; Cyrus Huling, II, '34, seven
cents.
Raymond Latta, '33, lost most at
the Pi Kappa Alpha house, 1812
Geddes Ave. Thieves took $20.00 but
were considerate enough to leave him
ten cents in change. Arlo Darcus, '33,
and Robert Weinhardt, '33E, were
robbed of two dollars. Edward
Thayer, '34BAd., lost a Canadian
penny. Entrance was made through
a rear window.
In the Trigon house, 1617 Wash-
tenaw Ave., seven men reported
losses. They were: Walter Courtis,
'35E, $7.00; Clinton Sandusky, '34,
$5.00; Ward Parr, '33E, $2.30; George
Lawton, '35, $2.00; Donald Norton,
'35, $1.50; Kenneth Luce, '34, $1.00,
and Donald Adams, '34,.50 cents.
Only two men reported losses in
the Delta Upsilon house, 1331 Hill
St. They were Val Saph, $7.50, and
Horace Hess, '35, $2.00.

Betting Dispute
Brings H ouse
LobbyProbe
LANSING, May 25.-(AP)-As an
aftermath of the passage of a bill
backed by Floyd Fitzsimmons, former
fight promoter, legalizing betting on
dog races, the House today ordered
a legislative investigation of lobbying
activities.
A resolution by Rep. Harold C. Bel-
lows (Dem., Bay City), directing the
Speaker to name a five-member in-
vestigating committee, was adopted
by a vote of 70 to 22.
Some of the teeth were pulled
from the measure before it was ap-
proved. Originally an inquiry directed
exclusively at the alleged lobbying
activities connected with the dog bill
was proposed. Rep. Gus T. Hartman
(Rep., Houghton), secured the adop-

State's

Ruling

Fails To Alter
Beer Situation
Faust Says He Will Not
Change Vote; Stores
Must Go To Courts
RaLing Against Ban
Received By Laird
Letter Replica Of Opinion
Given Rep. Pack; Wine
Makes Appearance
Despite the fact that City Attor-
ney William Laird yesterday receiv-
ed the 'official ruling' he requested
from Attorney-General P a t r i c k
O'Brien declaring the East Side beer
ban void, the prospect of beer in the
campds area without an appeal to
the courts appeared lost.
Ald. William Faust (Rep., 6th
Ward), who on Monday night told
the Common Council that he would
vote for the granting of licenses to
the State Street restaurants if the
attorney-general ruled such a grant
legal, last night asserted that he had
been misunderstood, that the city
could not grant the licenses until a
court had given it the power to do
so in an official verdict. "We are in
a peculiar situation," he said. "If the
provision were merely an ordinance
it would be entirely different but it
is a charter provision and, therefore,
can only be altered by the legislature
or the people. The attorney-general
may be perfectly right in saying that
it has been repealed but it is up to a
court to decide the point." He hinted
that, if the merchants won their
fight in the Circuit Court, the city
would appeal to the Supreme Court.
The ruling which Mr. Laird re-
ceived from the attorney-general's
office was the same one which Mr.
O'Brien gave to Rep. Philip Pack a
few weeks ago and which the council
had refused to recognize as 'official'
because it had not been addressed to
the city. -Neither the attorney-gen-
eral of Mr. Thomas Ward, assistant
attorney-general in charge of liquor
cases, had any record of a letter
from Mr. Laird requesting an opinion
on Tuesday when J. Edgar Dwyer,
attorney for the State St. stores,
conferred with them. Mr. Ward said,
however, that he would investigate
the matter further. Wednesday
night, Mr. O'Brien told The Daily
that he had not found the letter.
The reply which Mr. Laird received
yesterday came from Mr. Ward's of-
fice, indicating that the latter had
found the lost letter and, without
the attorney-general's knowledge,
had sent the opinion to Mr. Laird
as an official ruling.
3.2 wine appeared in the city for
the first time yesterday, with a Main
Street grocery store selling the bev-
erage. The wine being sold was made
of white grapes.
Attorney Dwyer last night said
that no legal action has, as yet, been
planned by the State Street mer-
hants.
Aged Woman
Is Throttled At
Murder Farm

F

WTill Appear Today

Central Agency'
Interfraternity
Selected

For New
System Is

Violet Heming, who opens today
in "Springtime for Henry," her third
consecutive seasonal appearance in
Ann Arbor, at the Lydia Mendelssohn
Theatre.t
Second Show t
Of '33 Season
OpensToday
'Springtime For Henry,'
With Four Stars, Has
Matinee Performance <
Benn Levy's gay comedy, "Spring-
time for Henry," opens this after-1
noon and evening at the Lydia Men-T
delssohn Theatre as the second pro-1
duction of the 1933 Dramatic Sea-<
son under the direction of Robert
Henderson. The matinee perfor-
mance begins at 3:15 p. m. and thet
night performance at 8:15 p. m. 1
The cast for "Springtime for
Henry" includes four distinguished
stars. Robert Loraine, the leading
English star, is cast in the role of
Mr. Jelliwell, with Rose Hobart of
stage and screen fame as his wife,
Mrs. Jelliwell. The title role of
Henry Dewlip is taken by Tom Pow-
ers of the New York Theatre Guild,4
while Violet Heming will make her
first appearance of the season as!
Henry's prim but beautiful secretary,
Miss Smith. "Springtime For Henry"
also introduces Miss Peggy Hoven-
den, ingenue of the Dramatic Sea-
son, in the role of Miss Jones.
"Springtime for Henry" is now
current at the Booth Theatre in New
York City. In it, Miss Heming will
appear for the third consecutive sea-
son in the Dramatic Festival. She is "
the only artist to be returned so
frequently, her first appearances be-
ing in "Arms and the Man" and
"Private Lives,"while last year she
was starred in John Van Druten's
"There's Always Juliet." Miss Hen-
Ing will also have the leading role of
Gilda in Noel Coward's "Design for
Living," which follows the produc-
tion of "Springtime for Henry."
"Springtime for Henry" is by Benn
Levy, distinguished English author,
who has also scored heavily in New
York with such successes as "Art
and Mrs. Bottle," "Mrs. Moonlight,"
and "The Devil Passes." Jane Cowl
was the star of the first; Edith Bar-
rett the featured player in the sec-
ond; and by further co-incidence,
Robert Loraine scored an extraor-
dinary triumph as the minister in
the third. All three artists are being
starred in the Ann Arbor theatre
festival.
Geoffrey Kerr, one of the stars of
"Design for Living," arrives in Ann'
Arbor today to begin his final re-
hearsals in the role of Leo in Cow-
ard's successful comedy.
Dean Edmonson
Off Today For
Washington

Dean Will
Help Plan
Of Council

Dean Of Students
Office Is Chosen
Student Committee Takes
Recommendation Of 4
National Secretaries
The office of the Dean of Students
was chosen as the "central agency"
to act as a clearing-house for the re-
ports which each fraternity on cam-
pus must submit in accordance with
the plan passed at the last meeting
of the Interfraternity Council, it was
announced last night by Maxwell T.
Gail, '34, chairman of the committee
created by the council to set up the
agency.
The committee, according to Gail,
went into the matter from many
angles, consulting with alumni and
students interested in the new system
and came to the conclusion that the
dean's office was the proper body
to administer the plan.
Although the committee was given
power to act on the matter without
any qualifications, the judiciary com-
mitee of the councilyesterday ap-
proved the move of setting up the
dean's office as the central agency
mentioned in the report of the com-
mittee of national fraternity secre-
taries which met in Ann Arbor and
recommended the plan which was
later adopted by the council.
A report will be sent out to all
fraternities in the near future, ac-
cording to Gail, who is also secre-
tary-treasurer of the council, which
he asked house managers to fill out
and return as soon as possible.
"If. this report is filled out prop-
erly, we will not need to have an
audit of chapter accounts for this
semester," Gail said, "but we will have
to look into the books of those fra-
ternities whose reports are incom-
plete."
The employment of a full- or part-
time adult secretary for the Interfra-
ternity Council is being considered
by officials of the council, it was
learned last night. Such a man would
work with the office of the dean to
supervise the system. No definite
announcement was made last night.
House Adopts
Procedure Bill
By Slight Marin
Rules For Public-Works
Control Measure Pass
As Democrats Shift Vote
WASHINGTON, May 25.-P)-
By a margin so narrow as to cause
leaders to fear for the success of the
tax program carried in the public
works-industry control bill, t h e
House adopted a rule of procedure
for work on the measure today, and
sailed into debate amid cries of "gag"
rule and "dictatorship."
The huge Democratic majority
shifted away from the leaders to
such an extent that the rule of
procedure was adopted by a majority
of only 19 votes. The ballot showed
213 to 194.
The rule forbids amendments from
any quarter except the ways and
means committee but Republican ad-
vocates of the sales tax have deter-
mined upon a plan to force that
issue to a vote tomorrow.
Democrat bolters plan to join a
majority of the Republicans to sup-
port a motion to be made by Rep.,
Bacharach (R., N. J) to recommit
the bill to the ways and means com-
mittee and substitute a manufactur-
ers sales tax for the $220,000,000 pro-
gram to finance the $3,300,000,000
public works bond issue. The present

program carried income and gasoline
tax increases.

Women Uninterested In Campus
Politics, League Head States
By MARJORIE BECK cerned. She believes that the League
"If the women on campus would handles women's affairs sufficiently
only realize and use the power which well to render unnecessary the pres-
is vested in them through the ence of women on any student
League Board of Representatives council which may be formed. If the
they could exercise greater campus Union could organize its functions
influence than they do now," accord- to include the work which the coun-
ing to Catherine Heeson, chairman cil was supposed to do, and which the
of the Board of Representatives. League does for the women, then, it
The board has great power, but is Miss Allen's belief, the two or-
the women are not sufficiently in- ganizations, being parallel, could
terested to take an active and con- work more efficiently together. With
structive part in running campus af- the League and the Union each a
fairs, she said. In regulating wom- complete and highly-concentrated
en's affairs on campus, the dean's organization, co-operation between
office functions as an impartial the two could be realized to a greater
check rather than as a restriction, degree than at present, she said.
giving the final O. K. to all measures In her work this year, however,
which have previously passed the Miss Heeson has observed that therej
ruling bodies of the League. has been more co-operation betweenI
With the demise of the old and in- the League and the Union than in
efficient Student Council there is an past years. She finds that the men
opportunity for the complete reor- are willing and desirous of having
ganization of student government. the women's co-operation, and of
Ideas, vary among the prominent getting the women's angle on certain

Double Killing 12
Ago Recalled As
Attacks Burg I

Years
Thug

The Burg farm south of Saline,
scene of a double murder in 1921, was
the site of a near tragedy yester-
day afternoon when Mrs. Lucetta
Burg, lone occupant of the farm, was
choked into unconsciousness by an
unidentified man.
Mrs. Burg stated that the man was
hiding behind a door when she en-
tered the house. Suddenly accosting
her, he demanded money, and when
she told him that it was in the bank,
he seized her by the throat. After re-
gaining consciousness, she called her
nephew who lives nearby. Her con-
dition was pronounced as completely
recovered by doctors who attended
the case.
Sheriff's officers are holding Mike
Piska for investigation in connection
with the incident. Piska, a Russian,
was picked up by officers in Clinton,
and answers to the description given
by Mrs. Burg.
Mrs. Burg's brother and a hired
man were murdered on this same
farm about 12 years ago. The two

l
,
it

Education School Head
To Attend Emergency
Meeting Of Teachers
Dean J. B. Edmonson of the edu-
cation school is leaving today for
Washington, D. C., where he will at-
tend the meetings of the Joint Com-
mittee on the Emergency in Educa-
tion, of which he is a member, it
was announced yesterday.
The committee, which is one of
several committees of the National
Education Association, will meet
Saturday and Sunday, May 27 and 28.

women on campus as to what course
will prove the most expedient. It is
the opinion of Grace Meyer, newly-
installed president of the League,
that, as far as the women are con-
cerned, the Student Council should

questions. In view of this attitude,
Miss Heeson favors the establish-
ment of a student council on which
the women as well as the men are
represented. The presence of the
women on such a governing body

Employment First Goal,
Murphy Tells Filipinos
HONOLULU, May 25.-(P)-Frank
Murphy, former mayor of Detroit,
en route to his post at Manila as
ryf'-n-.t .tnnr nra 1 f t+' h li nrinnr.

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