THE MICHIGAN D ILY__ _ _ _ _
(Continued from Page 1)
i pI1 rWrI Ijer T ft's i .n.aL ne I
1YITment July 6. while July 10 Prof.
Experin eta l Work At Kenneth C. McMurry, chairman ofI
Cambridge University the department of geography, will
give an illustrated lecture on "Isle
Prof. George E. Uhlenbeck, of the Royale as a National Park."
physics department, returned from "Romanticism of Edmund Spenser"
leave of absence at the beginning of is the topic of a lecture to be given
the second semester to resume his July 11 by Prof. Henry S. V. Jones of
classes. Most of his leave was spent the University of Illinois, and Prof.
in Holland at the University of Ley- John S. Worley of the College of En-
den, although he also visited in Italy gineering will give an illustrated
and England. talk the following afternoon on "The
At the University of Rome, he con- Antiquity of Things New."
ferred with Prof. Enrico Fermi, who July 13 a lecture will be given by
is coming to Ann Arbor this sum- Prof. Arthur S. Aiton, of the history
mer to attend the symposium for department, on "Presidential Des-
theoretical physics. Just before re- potism in Hispanic America"; July
turning he visited Cambridge, Eng- 17, "The Pompeian House, Its Fur-
land, where very important research niture and Decoration," an illustrated
work is going on. talk by Prof. James E. Dunlap of
He visited and worked in the lab- the Latin department; July 18, "A
oratories at Rome and Cambridge, View of Contemporary American
doing research work in "certain prob- Drama" by Prof. O. J. Campbell of
lems in statistical' mechanics." the English department.
Professor Uhlenbeck said that he "Tax Troubles" is to be the subject
was "particularly impressed by the j of Prof. Blythe E. Stason of the Law
experimental work now going on in School on July 19; "Can America and
Cambridge.".In their research lab- France Co-operate in World Affairs"
oratories is where the neutron was on July 20 by Prof. Charles A. Knud-
recently discovered. He "looks for- son of the French department, and
ward to more discoveries there, which "The Outlook for the Railroads" by
will throw light on the structure of Prof. Eliot Jones, of Stanford Uni-
the nucleus which is the central versity, on July 24.
problem in physics at the moment". Prof. John Sundwall. director of
Ltocd Scout To Receive
Award Of Gold Cross
A local Boy Scout will be deco-
rated with the highest awards for
bravery that the Boy Scouts of
America or Great Britain can give
when he appears before a special
Court of Honor March 7 in St.
Thomas high school auditorium.
Henry V. Aquinto, 13 year old
Ann Arbor Boy Scout, saved two
English boys from drowning in the
Firth of Forth when he was vis-
iting in England last summer.
Lord Baden-Powell, Chief Scout of
the world, has authorized the
award of the Silver Cross for gal-
lantry with considerable risk, and
American officials have awarded
the Gold Cross.
The British consul from Detroit
will be present with a delegation
of Canadian Scouts to award the
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H. Anderson will preach on "The
Economics of Christ," which will be1
the final sermon of a series dealing
with "Christ and the Modern Crisis."
Crrent Topics at Wesley Hall
Bryon Heis will give a talk on
"My Philosophy .of Life" at the
,Young PNople's meeting at 6:30 p. m.
Wesley Hall has planned a number
of topic discussions closely related
S v. tV11 UL~Nkl, Ulut V
the division of Hygiene and Public
Health, will give an illustrated talk
on "Some Impressions of Modern
Russia," on July 19; Prof. Dwight L.
Dumond of the history department
will talk on "The Twelve Apostles of
the Anti-Slavery Movement" on July
20, and Prof. Frederick B. Wahr, of
the German department, will speak
on "Gerhart Hauptmann," on July
Prof. Ralph W. Aigler, chairman o'
the Board in Control of Athletics,
will talk on "The Trend in Collegiatf
Athletics" July 31 and the following
afternoon "Diet and- Nutrition 'a:
They Relate, to the Decay of the
Teeth" will be discussed in an illus-
trated lecture by Prof. Russell W
Bunting, of the dentistry school
Prof. Roy W. Scllars, of the philos-
to current events for this afternoon ophy department, will discuss "Th(
and evening. At 3:30 p. m. the Oriexi- Radical Theories of Today" Aug. 2.
tal-American Group will discuss "So- "Some Problems in Defaulted Rea'
cial Customs in Japan. At 6 p. m. Estate Bonds" is to be the subject of
the Student Guild will hold a debate a speech Aug. 3 by Earl S. Wolaver
on the subject, "Resolved: That the professor of business law. Prof. Al-
Christian Church Has Been a Lag bert C. Jacobs, of Columbia Univer-
on Culture." At the same time h sity, will discuss some phase of famil3
Graduate Forum will hold its regular law in his talk Aug. 7.
meeting, and Gordon Halstead will "Chateaux of Touraine" is to br
speak on a "Moral Equivalent for the topic of an illustrated talk b:
War." Prof. Rene Talamon, of the Frenct
At the Sunday services of the Hillel department, Aug. 6, and the last 1c-
Foundation in the Women's League ture of the session will be Aug. 9 or
Chapel, Rabbi Bernard Hellier will "Social Welfare in a Changing So.
speak on "Judaism and the Dawn of ciety" by Prof. Arthur Wood of the
the Modern Era." A student meeting sociology department.
will be held at 8:15 p. m. to discuss The 11 excursions planned for thE
Technocracy at the Foundation, session will be conducted by Prof
Wesley H. Maurer of the journalism
-Viola Mary Wintz. department. The first excursion will
SCHOOL OF be a tour of Ann Arbor and the vi-
EDUCATION cinity, the second a tour of Detroit
Batchelor of Science in Education and the third an inspection of the
-Lawrence Francis Butler, Lawrence Ford plant at Dearborn.
Bishop Ferris, Dorotha Adaline Jack- The fourth excursion will be a two-
son, Madeline Josephine Snyder. day trip to Niagara Falls and vicin-
Bachelor of Arts in Education-- ity under the direction of Laurence
Ray Emmerson Akey, Burton Handy, M. Gould. The fifth trip will be an-
Jr., Mabel Clark James, Jean Aileen other tour of the Ford plant-a repe-
Johnston, Dorothy Sylvia Klein, tition of the second. Excursion num-
Alice Lynds Meader Korwin-Pawlow- ber six will be to General Motors
ski, Lucille Fay Priest. Proving Ground and the seventh an
SCHOOL OF inspection trip of the Ford airport
BUSINESS ADMINISTRATION and Greenfield village.
Master of Business Administration The eighth trip will be to the
-Ailene Mae Yeo. schools of the Cranbrook Foundation
SCHOOL OF in Bloomfield Hills, while the ninth
FORESTRY i will be a repetition of the sixth trip.
Batchelor of Science in Forestry- The tenth trip will be to Put-in-
*Ralph Rupert Wilson. Bay on Lake Eric, under the direc-
Master of Science in Forestry- tion of Mr. Gould, and the last tour
-Louis Albert Pommerening, Gordon will be of the Michigan State Prison
Zander Rayner. (at Jackson.
Propose U. ..
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United States. This guaranty would
apply to both state and national in-
titutions for some stated period of
'ime. It would apply only to banks
still in operation and not to banks
vhich failed prior to the passage of
Bold Measure Needed
"It is our belief that the nature of
he banking emergency and the pros-
)ect of continued adverse reactions
tpon business throughout the coun-
;ry justify such a bold measure. We
loubt whether, in fact, this measure
will prove to be as costly as the con-
;inuance of piecemeal assistance to
elected banks through the. present
%perations of the Reconstruction Fi-
iance Corporation or as radical as
he various proposals for inflating
he currency now urged before Con-
Would Restore Confidence
"Such action by Congress, if taken.
:nmediately, before Federal credit is
urther undermined by the drains
4hich present methods entail, we be-
leve would restore the confidence of
epositors at once, check hoarding,
,nd result in a prompt return of
:uch hoarded cash to banks. Guar-
*nty by Congress would make bank
!eposits just as safe as postal de-
osits or government money, with
he possible exception of gold. So
ar there has been relatively little
.oarding of gold in this country, and
t is likely that such hoarding would
e minimized rather than accentuat-
d by Federal guaranty of deposits,-
ecause of the assurance given to
he public and to foreigners that no
nore bank failures, involving losses
o depositors, would be permitted.
"The scramble of banks for re-
;erves and the drain of funds towards
'ew York and Chicago (as in the
)etroit case) would be checked at
>nee by making all banks equally
afe. Bankers, thus relieved from the
:anger of runs and drains on their
leposits, would pursue a more orderly
,nd just liquidation program with re-
,pect to their existing assets and ex-
.rcise a more reasonable policy in
naking new loans and investments.
:t would no longer be necessary for
)anks to refuse safe loans or to con-
fine their loans entirely to paper
eligible for rediscount at the Federal
1eserve Banks, as the great major-
ity do at present."
It was pointed out that the meas-
are proposed is designed solely as an
emergency step. "It is not intended,'
the message continued," that such a
measure should unduly or interfere
with permanent reforms. It has be-
come apparent that a general over-
hauling of our banking system i;
necessary and Congress and the var-
The pleasant aimlessness, usually
so prevalent after exams and the
first touches -of spring fever seem to
have been disregarded this year.
Women are entering into almost
every activity with interest and en-
*' * *~
Wednesday is losing its popularity
as a favorable mid-week night for
dating since John Johnstone, tennis
and fencing coach, has begun his
fencing classes. At the second meet-
ing last week the quota of 25 was
reached and many more enthusiasts
are clamoring to take up their foils
that they may be initiated into the
sacred art of self-defense as prac-
ticed in "Ye good olde days."
The ignorant have been heard to
scoff at ping-pong as a child's game.
Just let them come around the
League when match games for the
tournament start Monday, and they
will have an opportunity to see amaz-
Thoroughly exhausted from climb-
ing over drumlins and eskers, but
smiling with the satisfaction of
knowledge newly attained, the Ram-
blers returned last night from their
geological exploration trip with Dr.
Russel C. Hussey.
Tennis players, while waiting for
the courts to open in the spring, will
find badminton an excellpt substi-
tute. Ten minutes of poaching is suf-
ficient for one to learn the rudiments
of the .game. Mlss lilda Burr is
available for this purpose every
Wednesday from 2 to 4 p. m. while
courts also open in Barbour Gymna-
slum Fridays from 4 to 6 p. m. And
Saturdays from 8 to 10:45 p. m.
One, two, slide, step, repeat .
and thus J. G. P. hpruses are train-
ing intensely that all may be primed
for the opening night.
If you wish to eter into intercol-
:legiate comnpetitio, come out for
riflery. It's the only intercollegiate
sport for women . . . matches start
When the sophomore basketball
team was playing tlansng last Satur-
day a masculine spectator was heard
to remark, "I always thought wom-
an's place was in the home." On see-
ing the senior team in action, he
seemed to change his opinion, for he
said, ,"Now this is real basketball"
i . ncidentally both teams were
In spite of the recent report that
feminine ice-hockey tryouts were
having great difliculties last week,
reliable accounts state that women
are still holding their own. Rita
Gabler. '33, has been appointed an
ex-officio member of W. A, A. in'
charge of ice-hockey for the remain-
der of the season.
ious states have been grappling with
the problem. It is not necessary here
to pass judgment upon compulsory
Federal incorporation, branch bank-
ing, compulsory membership in the
Federal Reserve System, and the like,
or upon the detailed provisions of the
Glass bill. In our opinion, Federal
guaranty of deposits at the present
juncture would strengthen the Fed-
eral Government in carrying through
its reform program and allow suffi-
cient time for the formulation of
sound and considered changes."
Federal Aid Necessary
"We believe," it was concluded,
"that Federal guaranty of bank' de-
posits is the only effective measure
which can now be taken to stop bank
failures, bring about the cessation of
hoarding, and loosen the funds neces-
s sary for the normal resumption of
t L-#jxvllvlvk VA l-.. - ---- I
. ^"'° i
meets attracted a lot of stu-
dents during the past week,
and the semi-holiday con-
tinues to make
a popular pastime, as well
as a convenient one. An-
other moratorium, which
by the student body was
that of the extension of
time on deferred tuition.
To finish up this
week, wise students, as
usual, will eat at
THE R & S LUNCH
at 605 Church
7a-+ s Nu
We are continuing to serve in the same old -style-No 5 percent portions