CHIGAN DAILY
Retains Arms Post
meeting at 6:15 p. m. in the Russian
Tea Room of the League. continued from Page 1)
emphasizing his definition, "is some-
Harris Hal!: Conference on "Re- thing that begins with money and
ligion With or Without God," leader banking machinery. Prices rise in
Dr. Percy Linwood Urban of New time of war, or during a crop short-
Haven. 8:00 a. m. Holy Communion, age; but this cannot be classed as
Chapel in Harris Hall, 4:15 p. m. dis- inflation, for it is an unconscious de-
cussion and tea, 8:00 p. m. address velopment. Inflation is a conscious
by Dr. Urban, Chapel Harris Hall. measure; which begins in money orj
bank credit.
Orthodox Jewish Students: Reg- "If inflation be thus defined, the
ular Friday evening services will be difficulty we face in the United
held at the Hillel Foundation at 5:30 States is that the methods thus far
P. in. Rabbi Heller .will officiate, tried have not been successful. There
COMING EVENTS are differences of opinion why this
is so. We want inflation, but we don't
Pscidological Journal Club will know how to get it.
meet. Thursday, March 9, in Room "The popular notion of inflation
3126 N.S., at 7:30 p. m. Dr. Gordon is largely a matter of positive or neg-
Walls will speak on, "A New Con- ative feeling, much like the popular
cept of Visual-cell evolution and its attitude toward socialism, for ex-
bearing on the duplicity theory." All! ample. But if the term be regarded
interested persons are invited to be entirely apart from any aroma of fa-
presentvoror disfavor, the fact remains that
Graduate -Outing Club: Meet in, we have not produced the desired re-
sults.
Nebraska Professor Reveals
Good Use For Dinosaur Bo-te
MINNEAPOLIS, March 2.-(A)- tiopal Education association conven-
Dinosaur bones make excellent xylo- tion.
phones. Slabs of crystallized limestone,
Creator of a one-man orchestra picked up in a rock pile, were placed
made up of instruments gathered in over sections of bamboo to give Prof.
scrap heaps and rock piles, Charles Weidemann a n o t h e&r xylophone,
W. Weidemann, professor of history while a set of pan-pipes was made
and education at University of Ne- out of his boyhood fish pole. Two
i braska, demonstrated what could be test tubes with mercury furnish a
done to obtain music without funds. "mercurophone."
The demonstration was made be- Prof. Weidemann prizes his dimo-
fore a meeting of elementary school saur xylophone highly, the bones for
nrincinals in connection with the Na- which he dug from Nebraska terrain.
jjlI' - oAI v aas v r.v. ++
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CLASSIFIED DIRECTORY
I
"Suppose we did pursue a consis-
tent ard persistent inflationary pol-
icy, making funds more easily avail-
able. Would prices then go up? And
if this persistent and unflinching
policy succeeded in forcing prices up-
ward, could the policy be controlled?
I was discussing the matter with a
member of the British i.abor party in
London in 1931; as lie phrased it,
"saying you can't have controlled in-
flation is like saying you can't wash
the back of your neck without dan-
ger of drowning."
'The real problem here is thatI
whatever method we have followed,
in attempting to make funds avail-
able, just hasn't taken. One set of
men will insist that confidence isj
necessary to end the depression: the
'not frozen assets, but frozen feet'
attitude; others advocate a firmer
policy of persistent inflation.'
It was pointed out that there are
conflicting opinions on the causes of
the depression, one set of thinkers
believing that its origin goes much
deeper than the monetary system,
others calling the depression purely;
a monetary problem.
"I believe with the statement of
Professor Sharfman's committee,"
continued Professor Remer, "that to
guarantee deposits is at the present
time a better form of inflation than
to drift to printing of paper money.
When you reach the point-for in-
stance, in the present situation-of
using extraordinary means to restore
the price level, such as printing of
currency, unusual dangers are likely
to result.
"To put the whole thing in terms
of managed currency, our problem is
this: (1) Can we manage the cur-
rency? (2) Can we get what we want
through such management?"
CLASSIFIED I
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The abov"e rates are for 71, point type.
SITUATIONS WANTED
A T T E N T I O N - Fraternities. Ex-
perienced white cook will run your
kitchen on percentage. If your
house is not on paying basis let
me have an interview. Write Box
34A. 333
LAUNDRIES
WASHING-And ironing. Call-d for
and delivered. Silks and woolens
guaranteed satisfactory. 2-3478.
611 Hoover. 15c
LAUNDRY - Soft water. 2-1044.
Towels free. Socks darned. 13c
STUDENT - And family washing
careful work at lowest prices. Ph.
-06 --- -
TYPINGC
TYPING-Notes, papers, and Grad,
theses. Clyde Heckart, 3423. 35c
TYPING - Typing carefully done.
V e r y moderate rates. 0. K.
Thacher. Phone 6734. loc
-Associated Press Photo
Norman H. Davis is shown leaving
a conference with President-Elect
Roosevelt in New York after it was
announced he would continue as
head of America's disarmament
delegation.
Alumnus R(ceives
C. A. Coffin Award
Word was received here yesterday
that Lionel G. Pickhaver, '27E, re-
ceived Wednesday an award from the
Charles A.*Coffin Foundation, estab-
lished in 1922 by the General Elec-
tric Co. for a "notable contribution
to the progress of the electrical art
and to the efficiency of his com-
pany."
After leaving the University, Pick-
haver entered the service of the Gen-
eral Electric Co. in 1928 and is now
in the Chicago office of that com-
pany.
With William W. Worley, Jr., Pick-
haver worked out the development of
a new automatic welding head for
heavily, coated welding electrodes.
Their idea resulted from studying an
equipment which was not operating
satisfactorily. This was followed by
NOTICE
BLUE BIRD BOOK NOOK, lending
library. 5c daily. Clean covers.Uni-'
versity Music House. 10:30 to 5:30.
21c
5,000 MEN'S OLD AND NEW SUITS.
Cash for old gold. Chicago buyers.
Phone Ann Arbor, 4308. Will pay
highest cash prices. 34c
WANTED-Housework by woman of
three years experience. Afternoons
desired. Will cook. Apply Michigan
Daily, Box 32B. 335
DOCTOR Q-
Come quick. Father
broke his leg running
to get jig-saw puzzle
at Staebler's new sta-
tion, State at Jeterson.
-- -~
GUEST FEAT URE TONIGHT -
McLAGL EN-LOWE in "GUILTY AS HELL"
LAST DAY
NANCY CARROLL in "HOT SATURDAY"
MAJESTIC Tomo rrow
the complete redesigning of the ma-
a modified form of scrip was circu- chine to give more efficient opera-
lated, banks issuing the scrip against tion.
deposits, the paper being accepted as
currency. Under this arrangement no
currency leaves the bank. But the
"frozen" deposits serve as security
for the bank orders. REWARD -
The situation in Ohio was easing
with many bankers considering theFoaprhninf
possibility of raising the limit placed aor apprehension of
on withdrawals. party who snatched
Nine states in whi bank holidays g-saw puzzle ou
exist by proclamatio -i governors or ny hand as I left
autlo zprola ah oc IorsStaebler station at
authorized state btk officials are : Steersain t
California, Oklahoma, Michigan, State and Jefferson.
Louisiana, Mississippi, A 1 a b a m a.
Tennessee, Kentucky, and Maryland.
EUGENE O'NEILL'S GREAT PLAY THAT
RAN A YEAR ON BROADWAY - A NEW
STEP IN TALKING PICTURIES !
P"
mumam
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THE MICH IGAN DAILY is proud to recom-
mend the merchants who are advertising in
the market section of this paper. Not only
do these merchants represent the highest,
quality of merchandise and foodstuffs; but
they are able to offer them to you at very rea-
Late Winter Colds Should Not Be Fooled With-
Check Them As Soon As They Start!
DOCTORS RECOMMEND: Cut your. diet in half--
Take soda in water several times daily- Drink plenty of liquids.
There's none purer!
And we recommend:
ARBOR SPRINGS WATER
We can also supply ou with chemically pure distilled water.
ARBOR SPRINGS WATER CO.
416 West Huron Phone $270
THE MICHIGAN
DAILY
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For Ih(' Benefit of those conicerned-
The West Side Dairy
handles the best in
Paste wize(dI lkl aid E C'oatut
(Ahocolate in k Cot 1d5.e Cheese
Ssperior
MILK and ICE CREAM
-Special-
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