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May 27, 1933 - Image 1

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The Michigan Daily, 1933-05-27

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The Weather
Partly cloudy and cooler Sat-
urday; Sunday generally fair.

LY

4itigat.

~~ar

Editorials

On Failing To Pay Bills; New
Procedure For Legislator.

vv . XLIII No, 174 ANN ARBOR, MICHIGAN, SATURDAY, MAY 27, 1933

PRICE FIVE CENTS

Gold Embargo
Bill Proposed
By oosev elt
Would Legalize Existing
Paper Standard For All
Contract Payments
Unconstitutionality
Predicted By Glass
Congress Surprised At
Administration's Action;
Little Comment Heard
WASHINGTON, May 26..-(P)-A
surprise bill was sent to Congress to-
day providing a permanent provision
for the ue of legal tender m~ney in-'
stead of gold in the payment of all
existing and future contracts, private
and international. It was presented
by teadmistration
Introduced in both House and Sen-3
ate by the chirmen of the banking
comimittes it brought an immediate
asseon fm Senator Carter Glass
(Dem., Va.) that the measure would
be held unonstitutional "if there is
anyintegrity left in the courts with
regard tothe sanctity of contracts."
It was described by President
Roosevelt as simply designed to le-
-galize an already existing fact since
the United States went off the gold
standard in effect by the imposition
on the recent gold embagoand the.
issuance of Presidential order calling
in gold held by private citizens.
The proposal would permit the
government as well as private debtors
to meet their obligations with legal
tender money instead of gold. De-
spite outspoken opposition from some
members on both sides plans were
made for its speedy consideration.
Few Congressional leaders would
comment on the legislation without
further study, but Senator Charles L.
McNary (Rep., Ore.) predicted it
would meet with opposition "because
of the retroactive feature."
The resolution asserted that "the
holdings or dealings in gold affect
the public interest, and are therefore;
subject to proper regulation and re-
striction."
It then asserted that obligations
"which purport to give the obligee
a right to require payment in gold
of a particular kind obstruct the
power of the Congress to regulate the
money of the United States and are
inconsistent with the declared policy
of the Congress to maintain at all
times the equal power of every dol-
lar."
With this preamble, the resolution
then proceeded to declare all such
provisions "to be against public pol-
icy" and forbid any such provision in
future obligations.
Appointments
Announced .for
Summer Daily
Upper-staff appointments to the
Summer Daily were announced yes-
terday by Frank B. Gilbreth, '33,
managing editor, and Byron C. Ved-
der, '33, business manager.
Karl Seiffert' '33, John C. Healey,
'35, E. Jerome Pettit, and Powers
Moulton were named by Gilbreth as
his editorial staff. Vedder announced
that Harry R. Begley, '33, will serve
as assistant business manager. Ved-
der will also have charge of the Sum-
mer Directory and said that it would
be issued soon after the Summer Ses-

sion opens.
Seiffert has worked for four years
on the regular Daily, as tryout, re-
porter, night editor, and city editor.
He is a member of Michigamua,
Sphinx, Sigma Delta Chi, and Sigma
Nu fraternity. Pettit is a former
member of the editorial staff of The
Daily, having worked as tryout, re-
porter, and night editor. He attended
the University in 1930-31, and 1931-
32. While here he was also promi-
nent in speech, having won in 1931
the annual prize offered by the Ora-
torical Association for the best ex-
temporaneous speech. He was a
member of Adelphi House of Rep-
resentatives, and Sigma Delta Chi.
Healey has served on The Daily for
two years, as tryout and reporter, and
was recently appointed night editor
for the academic year 1933-34. He is
a member of Sphinx and Sigma Delta
Chi, of the Executive Council of the
Union, and is an officer of the soph-
omiore class.
Moulton is also a former member
nf the staff of the regular Daily.

Century Of Progress To Open
Today With Parade Of Officials

CHICAGO, May 2.-(MP-With
the pomp demand by a show so
broad in its theme and so long in
its staging, the Century of Progress
Exposition will open tomorrow.
At 8:30 a. m. the turnstile will
click behind the first visitor, and he
will view a spectacle of what man
has wrought during the past cen-
tury.
Fair officials have worked for years
selecting for presentation the drama-
tic elements of humanity's conquest
of nature and building a proper set-
ting.
The first visitor will enter the Ex-
position City at 8:30 a. m., but the
official opening of the fair will re-
quire much more pageantry, solem-
nity and the flourish of a high gov-
ernment official's pen.
First, down Michigan Boulevard,
alongsChicago's front yard and be-
fore its imposing file of skyscrapers,
a long parade will move.
In the procession will be represen-
tatives of the Federal, state and city
governments, officials of the Century
of Progress, army and navy units,
and costumed and uniformed dele-
gations from several national groups.
Dropping of a time ball at the
north entrance of the fair grounds
will signalize the beginning of the
fair and ring up the curtain an a

'pageant of nations, staged by vari-
ous groups dressed in their native
costumes to symbolize the interna-
tional character of the exposition.
The parade is scheduled to enter
Soldiers Field at 11 a. m. Immedi-
ately after a review of uniformed
section of the procession, dedica-
tory exercises will take place. Post-
master General James A. Farley,
representing President Roosevelt, will
accept a pen from the Century of
Progress' Queen of Beauty and
scratch his signature to a proclama-
tion opening the five-month show.
At noon, Bishop George Craig
Stewart will pronounce invocation
and Postmaster-General Farley, Ru-
fus C. Dawes, president of the ex-
position; Gov. Henry Horner, of Illi-
nois, and Mayor Edward J. Kelly,
of Chicago, will give brief addresses.
At night those who assemble in
the great court of the Hall of Sci-
ence will see the fair city blaze into
many colored glory, through the ef-
fect of a ray of light from the star
Arcturus, 40 light years away from
the earth. The beam that starts this
World Fair left Arcturus during the
World Columbian Exposition in 1893.
Four observatories will ensnare the
ray of light, amplify and relay it to
the Hall of Science,where it will
turn on a master switch that will
light the exposition grounds.

Lantern Dance
To Be Attended,
By 200 Couples
Lea ue Garden Will Be
Open To Men For First
Time In History
Following a check-up late last
night, the central committee for the
Freshman Lantern Dance reported
that about 200 tickets have been sold.
Max Gail's 10-piece orchestra will
play for this all-campus affair, which
is to be held from 9 p, m. to 12 mid-
night today at the League. Tickets
Priced at one dollar are on sale today
at the main desk of the League.
In addition to dancing in the Ball-
room throughout the the evening, the
formal garden will be open to men
for the first time in the history of
the League. Here refreshments will
be served, and at-11 p. m., in order
that the Dramatic Festival audience
may witness it, a program of enter-
tainment will be presented by fresh-
man women. These entertainment
features are to be given on the bal-
cony overlooking the garden.
The entertainment is to consist of
a tap chorus of nine girls, a waltz
chorus led by Jane Fletcher and ac-
companied on the harp by Betty Bell,
and a singing chorus of 20 voices led
by Mary Ann Mathewson, '34, and
accompanied by Max Gail, '34. Vari-
colored lights will play on the chor-
uses, supplemented by the lanterns
which will overhang the entire gar-
den.
"As this is an entirely new venture
in Freshman women's activities, it
deserves whole-hearted campus sup-
port," was the comment of Miss
Ethel McCormick, social director of
the League and advisor of the activ-
ity. "Much commendation is due the
Freshmen for utilizing the League
equipment and facilities to make it
a very attractive and enjoyable party.
The dance this year is an economy
measure in place of the Freshman
Pageant, which cost about $200, this
amount being assessed the freshman
women. This year the dance will be
entirely self-supporting and no as-
sessment will be made on the class..
The central committee in charge is
composed of Margaret Ballard, gen-
eral chairman; Jean Seeley, assistant
chairman; Hazel Hanlon, finance
chairman; Winifred Bell, refresh-
ment and music chairman; and Nina
Pollock, publicity chairman.

Alumni To Give
Six Courses In
Fourth Session
College Men And Women
Offered Annual Chance
To Continue Education
An opportunity for the college man
and woman who feel that education
is never completed, that it is a life-
time effort, is extended to Michigan
alumni in the fourth annual session
of the Alumni University, which will
be held June 20 to 24.
The courses to be given for the
benefit of alumni are open to all stu-
dents of the University, whether they
are graduates or non-graduates, as
well as to friends who wish to attend
with them. The five days of the ses-
sion offer, according to Wilfred B.
Shaw, director of alumni relations, a
period of stimulating study and rec-
reation under the most favorable and
attractive conditions.
The program as planned offers six
courses of five lectures each, in
American history, the civilization and
art 'of the Orient, finance, the mod-
ern novel, European politics, and
modern conceptions in physics. The
members of the University faculty
who are to give these courses are all
well-known in their fields and have
had long experience in the presenta-
tion of their subjects.
Well attended in the past three
years, it is expected that this year's
program will also receive favorable
comment. A feature of this session.
is that no two lectures will be offered
at the same hour, as has been the
case in past years. This will permit
those who so desire to attend all the
sessions.
Adding to the attraction of the
program outlined are the Dramatic
Festival plays, "The Mad Hopes"
with Violet Kemble-Cooper, and
"Twelfth Night," starring Jane Cowl,
Tom Powers, Walter Kingsford, and
Lewis Martin.
Medical alumni will be interested
in a symposium on "Peptic Ulcer" to
(Continued on Page 2)
Fingerprint Experts To
Aid In Solving Robbery
Fingerprint experts were called in
from Lansing yesterday to aid Ann
Arbor police in the detection of the
thieves who entered four fraternities
last Wednesday evening.

British Laud,
Attack Policy
Of Roosevelt
Great Britain Not Willing
To Go Further In Mak-
ing Security Obligations
Conflicting Attitude
Shown In Commons
Simon, Foreign secretary,
Outlines Five Principles
Of British Policy
LONDON, May 26.-(IP)-While
welcoming the American govern-
ment's decision to consult with other
nations in the eventofta threatof
war, Sir John Simon, British foreign
secretary, told the House of Com-
mons today that Great Britian had
reached her limit in assuming obli-
gations for security.
In the course of a long Commonr,
debate, the American enunciation of
policy was criticized by George Lans-
bury, leader of the opposition, as
containing "limitation;is which mili-
tate against its effectiveness," and
was lauded by Sir Austen Chamber-
lain, Conservative and former for-
eign secretary.
Laying down five principles of
British foreign policy, Sir John
Simon announced that the first was,
'we must warmly welcome and
warmly respond to President Roose-
velt's message."
The second principle, the foreign
secretary said, is that Great Britain
has already effected immense reduc-
tions in armaments and cannot go
further without a general agreement
among the nations.
Recognition by the British govern-
ment and the British people of the
validity of the concern which lies
behind the demands of certain states
for security, was the third princi-
ple cited.
The fourth, Sir John said, was:
readiness to join in consultation with
countries of the world for the pro-
motion of security,
The fifth principle enunciated by
the foreign secretary was that Great
Britain will assist in every way in
furthering international disarma-
ment.
Japan Threatens Refusal
Of Disarmament Treaty
GENEVA, May 26.-'P)-Japan
cannot sign the projected general
disarmament treaty if it refers to the
Washington and London naval con-
ventions which bind her to the short
end of a 5:5:3 ratio, Tokio's spokes-
man ambassador, Naotake Sato, in-
formed the disarmament conference
today.
Reference to these former agree-
ments, Mr. Sato said, would amount
to perpetuating the present propor-
tion in the new treaty, which is con-
trary to Japan's desires.
Three Bands
Considered For
Senior Dance
Ace Brigode, Ben Pollock and
Frankie Masters are being considered
for the Senior Ball, to take place
June 14 in the Union Ballroom, John
Huss, '33, co-chairman with Robert
Fuoss, '33, announced last night.

Brigode has been playing in the
Merry Garden Ballroom in Chicago
and will soon be starting on a tour
of the prominent hotels and ball-
rooms throughout the East. Pollock
has been doing a great deal of rado
work during the winter months,
while Masters has recently come
North after playing several engage-
ments in the South.
The price of the tickets has been
set at three dollars, Huss stated.
They will be on sale tonight at 6
p. m. at the Union, League or from
the following committee members:
Huss, Fuoss, Ross Bain, Rehn Nel-
son, Ray Bolcher, Oscar. Perkinson,
Myron Blank, Catherine Heeson, Ro-
berta C. Henry, Margaret O'Brien,
Margaret Keal, Paul Kingsley, Walter
Bell, Kenneth Hartwell, and Henry
Schaefer.
One Hurt As Wind
Demolishes Homes

Pay Old Debt
First, France
Told By U..
No Settlement Is Possible
Until December Interest
Is Paid, Herriot Reveals
Washington Talks
Result In Demand
Former French Premier
Tells Chamber Of Stand
Taken By Roosevelt
PARIS, May 2.-()-Payment of
France's defaulted war debt interest
due last December was an essential
condition laid down by President
Roosevelt in their Washington talks
for any settlement of the Franco-
American debt problem, Eduoard
Herriot, former premier, announced
in the Chamber of Deputies today.
President Roosevelt told him, M.
Herriot said, in their recent Wash-
ington talks, that if France would
agree to pay the $19,000,000 interest
installment overtue since Dec. 15
last, negotiations for a settlement of
the issue could be undertaken imme-
diately.
"When I discussed the debts with
Mr. Roosevelt," said the special en-
voy to the Washington conversations,
"I found a man as well disposed to us
as a chief of state can be, but a
man in the grip of difficulties.
"What Mr. Roosevelt told me was
that the condition of all re-arrange-
ment was the payment of the Dec. 15
instalment. Payment of this was the
the essential condition, according to
him."
Later M. Herriot extended his re-
marks.
"Negotiations have taken place be-
tweenEngland and the United
States," he said. "They have not been
addressed to France, and it is thus
that confusion has arisen."
PubDic ,Works
Program Goes
Through House
WASHINGTON, May 26. - (MP) -
The industry control-public works
bill was passed today by the House.
The measure is designed to give
employment to millions of men and
will empower President Roosevelt to
establish fair codes of competition
in industry. Passage came after de-
feat of a move to insert a general
manufacturers' sales tax to finance
the $3,300,000,000 public works bond
issue.
The House spent two days on the
measure, considered by President
Roosevelt as one of the most impor-
tant in his emergency legislative pro-
gram.
It provides an increase in the in-
come-tax rates, raises the gasoline
levy to one and three-fourths cents a
gallon and makes corporate divi-
dends subject to the income rates-
all these levies designed to raise
$220,000,000 annually to cover inter-
est and amortization charges of the
bond issue.
REED TO ENTER PLEA
A motion asking that the court set
aside the first degree murder plea
and the life sentence at hard labor

imposed on George D. Reed, Detroit
fireman, for the slaying of his former
wife, Ruth, will be made today before
Judge Arthur D. Sample.

Hearing Continues

--Assocaved Press Photo
J. PIERPONT MORGAN
Union To Hold
Special Dance
Next Monday
Executive Council Meets
For First Time, Takes
Up Plans For 1933-34
A special dance will be held in the
Union Ballroom Monday, May 29,
with the regular Union Orchestra
furnishing the music, according to
plans announced recently. The party
has been planned for this night in-
asmuch as the following day, Deco-
ration Day, is a holiday in the Uni-
versity. Robert Saltzstein, '34, new
president of the Union, announced
that there will be no change in prices
for this event.
At the first meeting of the new
Executive Council held yesterday, a
brief summary of the plans of the
Union for the year 1933-34 was pre-
sented by Saltzstein and by Edward
McCormick, '34, recently installed re-
cording-secretary. One of the sug-
gested innovations will be the issu-
ing of Union membership cards to
students at the time they pay their
fees in Barbour Gymnasium, instead
of requiring them to come to the
student offices for them.
Last Dance June 3
It was mentioned at this time that
the last dance regularly scheduled +
for this year will be held Saturday,
June 3. Their will also be a dance
the preceding evening in accordance
with .the regular schedule.
According to Saltzstein and Mc-
Cormick, one of the aims of the Un-
ion during their administration will
be the encouraging of fraternity men
to take part in Union functions more
than they have in the past. Thef
Union Daily Bulletin will also be
continued next year and it was sug-
gested that it be mailed to frater-
nities and similar organizations in
order to arouse more interest in the
events which are sponsored.
Council Members Listed
Members of the new Executive
Council are as follows: Douglas
Welch, '35, O'Neil Dillon, '35, Owen
Crumpacker, '35, Lawrence Clayton,
'35, Earl Goodier, '35, Hugh Kuder,
'34, Melvin Kempner, '35, Henry Fel-
ker, '35E, Allen McCombs, '35, Wil-
liam Isaacson, '35, Lewis Kearns, '35,
James Wallace, '35, Theodore Borst,
'35, Richard Shoupe, '35, John Don-
aldson, '35, and John Healey, '35.
A proposed change in the distribu-
tion of these men among ' the five
committees of the Union: house,
dance, reception, publicity, and co-
operative, provides that they will not
be named to a particular chairman-
ship but will alternate on the various
ones;

Sen. Glass
Asks Point
Of inquiry
Senate Quiz Shows Huge
Utility Interests Held By
J. P. Morgan Company
Ferdinand Pecora
Hints Resignation
One Dollar Options En-
titled Company To Take
$30 Profit Per Share
WASHINGTON, May 26.-(P)-An
uproar, precipitated by a demand
from Virginia's quick-speaking Sen-
ator Carter Glass to know the goal
of the inquiry into J. P. Morgan &
Co., climaxed a disclosure today that
the firm had an interest in utility
concerns whose territory embraces
almost half the population of the
country.
Breaking the rigid rules of silence,
a crowd broke into vigorous ap-
plause when Ferdinand Pecora, the
banking committee counsel, hinted
that he was ready to resign if Sena-
tors were dissatisfied with his work,
Then as Morgan sat by apparently
amused at the unusual spectacle re-
solving' Senatorial dignity into a
roundtable squabble, Glass retorted,
half facing the crowd:
Calls Trial a Circus
"Oh, yes, that's what it's all about.
'e're having a circus and all we
need now is peanuts and colored
lemonade."
George Howard, president of the
United Corp., was on the stand at
the time of the Virginia Democrat's
interruption into Pecora's digging
questions. He was telling of the or-
ganization in January, 1929, of this
great Morgan holding unit with in-
terests in utility companies doing 22
per cent of the nation's electricity
and gas business and serving areas
with over 50,000,000 peopler
The testimony delivered in the op-
pressive heat of the Senate caucus
room showed that United Corp. re-
ceived from Morgan & Co. at $12,-
000,000 less than market prices, large
blocks of utility stocks. In return,
United gave the Morgan House 600,-
000 shares of preferred stock, 800,000
of ┬░common and 714,200 in option
warrents.
S .'Option Plan Revealed
Then, a few days later for $10,-
000,000 Morgan & Co. bought an ad-
ditional 400,000 shares of common
and 1,000,000 option warrents. The
options cost $1 each and entitled the
holder to purchase a share of United
common at $27.50. Less than a
month later these would have real-
ized a $30 profit on the market.
While Pecora was drawing this in-
formation from Howard, Grass inter-
rupted:
"Wait a minute. I don't know
what this is all about."
"Has there been any violation of
Federal or state laws in issuing these
securities?" Glass asked Howard.
"No, sir."
"I have examined the minutes and
I don't find at any time that the em-
ployment of Mr. Pecora was author-
ized," Glass stated.
"There is no question of the au-
thority in my mind," Senator Ed-
ward P. Costigan (Dem., Colo.) said,
"I found no record of the employ-
ment, but that is immaterial," Glass

continued, "because I think the com-
mittee is satisfied with Mr. Pecora's
employment."
Senator Couzens asked Chairman
Duncan U. Fletcher for a ruling on
Glass' challenge of authority and
Fletcher said that Pecora was carry-
ing out instructions of the Senate.
Glass accused Couzens of liking "to
dig at me."
Rogers Will Head
R. O. T. C. Here
Official notice of the appointment
of Maj. Frederick G. Rogers of the
Army War College in Washington
to the post of commandant of the
University Reserve Officers Training
Corps was received here yesterday
by Maj. Basil D. Edwards, retiring
head who will go to the- office of the
assistant secretary of war in Wash-
ington. Major Edwards will take up
his new duties there Sept. 1, remain-

Dean Lloyd States That Women
Have Superior Governing System

Geoffrey Kerr Calls New 3.2
Beer An Excellent Beverage'

Ann Arbor's Division Street con-
troversy over 3.2 beverages has as-
sumed international aspects, it seems.
Geoffrey Kerr, distinguished Eng-
lish actor who arrived in Ann Arbor
yesterday for rehearsals in connec-
tion with the 1933 Dramatic Festival,
was much perplexed when he found
it impossible to procure the new beer
in a State Street restaurant.

dramatic season last year, returns
to play the part of Leo in Noel Cow-
ard's recent comedy success "Design
for Living," which opens Thursday,
June 1, in the Lydia Mendelssohn
Theatre.
Commenting upon the play, Mr.
Kerr stated that it was undoubtedly
an extremely brilliant and amusing
comedy. "The lines," he said, "are
unusually clever and the situations

By MARIE MURPHY
"Women have a better system at
present for .controlling student con-
duct than the men have had," Dean
Alice Lloyd stated yesterday when
approached on the question.
"With the fall of the Student
Council as it previously existed, an
excellent opportunity has arisen for
the changes necessary to 'make this
body effective. The women have a
Judiciary Council as a part of their
Self-Governing Association before
which women who have broken the
rules concerning conduct appear,"

that is working successfully and I
should not like to see it interfered
with=" Miss Lloyd con'tinued. "It
would be possible for two organiza-
tions to make arrangements to cover
matters where both are concerned
and then to work together in en-
forcing them."
"On a campus as large as Michi-
gan the difficulty lies in the fact that
so many students are either ignorant
of dr not interested in the matter of
student government. With as highly
organized a system of self-govern-
ment as the women have, there are

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