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June 03, 1933 - Image 6

Resource type:
Text
Publication:
The Michigan Daily, 1933-06-03

Disclaimer: Computer generated plain text may have errors. Read more about this.

THE MICHIGAN DAILY

European Stock
Disposal Draws
Senate Inquiries{
Whitney Denies 'Bargain
Stock Was Distributed
To British Royalty
Personal Loan List
Placed On Record
Pennsylvania Judge Says
Wife Purchased Favored.
Stock From Morgai
WASHINGTON, June 2. - P) -
Senate investigators of J. P. Morgan
& Co. today obtained a list of offi-
cers and directors of corporations to
whom personal loans were extended
from 1927 to 1931 inclusive by the
powerful bank.
With George Whitney testifying as
a partner of the firm, the committee
counsel - Ferdinand Pecora - pro-
duced the list.
It named E. W. Marland, now rep-
resentative from Oklahoma, Robert
E. Olds, former state department of-
ficial, and Frank W. Stearns, friend
of the late former President Coo-
lidge, among others.
A suggestion that some of the bar-
gain price stock offered to clients by
J. P. Morgan & Co. went to British
royalty and French politicians drew
denials by Whitey.
London And Paris Involved
Senator Reynolds asked about dis-
position of bargain price stock al-
lotted to Morgan's Paris and Lon-
don offices.
"Have you heard that the allot-
ment to your London office was dis-
tributed to members of royalty?"
"I never heard that suggestion be-
fore," Whitney replied.
"Have you heard some was dis-
tributed to politicians in France?"
"I never heard it and I am confi-
dent it is not so," Whitney sai1,
smiling.
Questioned further, Whitney said
he had not heard that some of the
stook went to King Herbert of Bel-
gium.
Whitney turned now and again to
confer with Leonard Keyes, the Mor-
gan office manager, who sat near
where J. P. Morgan was smoking a
cigar in silent attentiveness.
Kephart Denies Charge
John W. Davis, Morgan counsel,
sat smiling back of Whitney.
At one point Whitney told the
committee the share of bargain price
stock alotted by the Morgan house
to John W. Kephart, Pennsylvania
Supreme Court justice, was paid for
by his wife.
Gov. Gifford Pinchot, who has de-
manded Kephart's resignation, tele-
graphed Pecora, saying the judge de-
nied accepting the stock for which
he had been listed.
He questioned Whitney about it at
the outset of the hearing today and
U.m

EXAMINATION
SCHEDULE

Taken For 'Ride'

Awards Given
To Six Martha
Cook Women

Undergraduate Council Minutes

Group
D
K
O
G
A
Q
P
N
C
J
B
I
R
E
F
M
ST
L
X

Date
Saturday
Saturday
Monday
Monday
Tuesday
Tuesday
Wednesday
Wednesday
Thursday
Thursday
Friday
Friday
Saturday
Saturday
Monday
Monday
Tuesday
Tuesday

of Exam.
a. m. June
p. m. June
a. m. June
p.m. June
a. m. June
p. m. June
a. m. June
p. m. June
a. m. June
p. m. June
a. m. June
p. m. June
a. m. June
p. m. June
a.m. June
p.m. June
a. m. June
p.m. June

3
3
5
5
6
6
7
7
8
8
9
9
10
10
12
12
13
13

Anneuncement

was

made last

Each course in Group X may
be examiner,; at, any time
mutually agreed upon by,
class and instructor.

night of the Martha Cook scholarship
awards to women outstanding in per-
sonality, character, scholarship, and
contribution to the group.
Katherine Coffield, '34, of Grand
Rapids, received an award of room
and board. $50 scholarships in the
nature of recognition were also given
to Marable Smith, '34, of Wyandotte;
Doris Campbell, '34, of Highland
Park; Donna Becker, '34, of Oxford,
Helen Bentley, '33, of Battle Creek;
and Thelma Solosth, '34, of Grand
Rapids.
This is the first year such awards
havv been made, but there will be
scholarships each year from now on,
it was said. The recommendations
were made by the student board and
were approved by the directors of the
board of governors.
The new president, Eleanor Stev-
ens, '34, and the vice-president, Mary
Wood, '34, who have recently been
elected, will take over their duties
Monday night. The secretary and
treasurer, to be appointed by the
president, will be announced at a
house meeting.
Charlotte Simpson, '34, was also
awarded a scholarship recently for
both room and board. This was given
to the woman outside of the dormi-
tory who has been active in campus
affairs and who has an enviable rec-
ord in scholarship, according to Dean
Alice C. Lloyd.

June 1st, 1933
The meeting was opened by the
committee of seven seniors appointed
by the Dean of Students to formulate
a new student government. Edward
McKay, the chairman, explained the
purpose and organization of the new
Undergraduate Council. Edwin Tur-
ner, another member, answered some
of the questions asked by interested
students.
Gilbert E. Bursley, '34, was elected
president.
The new president took charge of
the meeting and made a short ac-
ceptance speech emphasizing the
necessity of firm and aggressive ac-
tion in the fall.
Marian Giddings, '34, was elected
secretary-treasurer.
Robert Saltzstein, '34, president of
the Union, was appointed chairman
of a committee on nominations.
Grace Mayer,'34Ed., president of the
League, and Philip Singleton, '35E,
president of Triangles, were appoint-
ed to serve on this committee. Their
purpose is to bring to the first fall
meeting of the council a list of inde-
pendent senior men in order that an
additional independent might be
elected to the council.
The question was asked as to
whether there was any provision for
more independent women being
elected to the council. It was pointed
out that Senior Society automatically
provided the independent women
with a representative and that this
constituted a fair proportion between
men and women.
It was further pointed out that the
one vacant position, the presidency

Other courses not carrying group
letters will be examined as follows:
Classes Date of Exam.
Mon. 11 a.m. June 3 a. m.
Tues. 11 a.m. June 3 p.m.
Elem. Fr., Speech 31, 32. June 5 a.m.

Mon.
Mon.
Pol. Sci.

3
8
2,

p.m.
a.m.
52, 108;

June 5 p.m.
June 6 a.m.
Span. 1, 2, 31, 32.1

Elem. Math; Soc. 51,

Tues
Mon.
Tues.
Mon.
Tues.
Ger. 1,
Mon.
Mon.
Tues..
Tues.
Tues.

3 p.m.
10 a.m.
10 a.m.
9 a.m.
9 a.m.
2, 31, 32
1 p.m.
2 p.m.
2 p.m.
8 a.m.
1 p.m.

June 6 p.m.-
132
June 7 a.m.
June 7 p.m..
June 8 a.m.
June 8 p.m.
June 9 a.m.
June 9 p.m.
June 10 a.m.
June 10 p.m.
June 12 a.m.
June 12 p.m.
June 13 a.m.
June 13 p.m.
will be exam-
p.m., June 7
p.m., June 5
a.m., June 10
a.m. June 7
p.m. June 5
a.m. June 10
a.m. June 5
p.m. June 6

-Associated Press Photo
Gen. Charles Gates Dawes demon-
tratEs the newest type of Chicago
"ride." He elected to view the world's
fair frcm this type cf wheel chair,
usd to escort visitors through miles
of exhibits.
Last Music

Recital

Series

I. I

W

Courses listed below
ined as follows:.

Ed.
Ed.
Ed.
B.
B.
B.
B.
B.

A 1,
B 20,
C 1, ;
Ad. 102,
Ad. 152,
Ad. 162,
Ad. 202,
Ad. 122,

Wed.
Mon.
Sat.
Wed.
Mon.
Sat.
Mon.
Tues.

Are Next Week
The last of a series of recitals by
graduating students of the School of
Music will be given Friday, June 9,
it has been announced.
Pupils of Mrs. Martha Merkle
Lyon, instructor in piano, will give a
recital at 8 p. m. Monday, June 5, in
the School of Music Auditorium.
Elinore Wortley, Spec., and Fran-
ces Loucks, '34Ed., organists, will
give a recital at 4:15 p. m. Tuesday,
Jung 6, in the School of Music Audi-
torium. Achilles Talisferro, Spec.,
will also give an organ recital at 4:15
p. m. Thursday, June 8, n Hill Audi-
torium.
The final recital will be given by
pupils of Mrs. Lyon at 7:45 p. in..
Friday, June 9, in the School of
Music Auditorium.

BLUE LANTERN - ISLAND LAKE
Every Night Except Monday
RUSS WEAVER
and His Band of a Thousand Melodies

Gents 400

Ladies 35c

the Morgan partner said he under-
stood Mrs. Kephart had paid for the
stock.
The gigantic 'bankers' pool or-
ganized in those first dark days of
1929 to stabilize the crashing market
was shown in testimony to have
commanded assets of $250,000,000.

Tonight Is University of Michigan Students Welcome Night

I

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at the UNION, the LEAGUE, andI
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ACE BRIGODE ALONG WITH
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b Mai

Thanks
A Lot

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Li

W1
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Wild & Company pre-
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smartest Young Men's
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bold, daring, sophisticat-
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An Institution of Service
To assure you of having a safe means
of providing for your summer travel-
ling expenses, we are able to supply
you with TRAVELER'S CHECKS
and LETTERS OF CREDIT.
It is the policy of this institution to
take care of all the financial interests
of its customers.
ANN ARBOR
SAVINGS"BANK
N. University Ave. Main St. at Huron

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and we wish you a

SUNDAY
DINN ERS

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4

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