THE MICHIGAN DAILY
TIRSDnAY. OCT., '.1932
MAhI aMMYK le NAN R -e
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MANAGING EDITOR..F......FRANK B. GILBRETH
CITY EDITOR......................KARL SEIFFERT
SPORTS EDITOR.................. JOHN W. THOMAS
WOMENS EDITOR......... . .......MARGARET O'BRIEN
ASSISTANT WOMEN'S EDITOR............ Miriam Carver
NIGHT EDITORS: Thomas Connellan, Norman F. Kraft,
John W. Pritchard, C. Hart Schaaf, Brackley Shaw,
Glenn R. Winters,
SPORTS ASSISTANTS: Fred A. Huber, Albert Newman.
REPORTERS: Hyman J. Aronstam, A. Ellis Ball, Charles
G. Barndt James Bauhat, Donald R. Bird, Donald F.
Blanukertz, Charles B. Brownson, Arthur W. Carstens,
Donald Elder, Robert Engel, Eric Hall, John C. Healey,
Robert B. Hewett, George Van Vleck, Guy M. Whipple,
Jr., W, Stoddard White, Leonard A. Rosenberg.
Eleanor B. Bum, Louise Crandall, Carol J. Hannan,
Frances Manchester, Marie J. Murphy, Margaret C.
Phalan, Katherine Rucker, Marjorie Western and Har-
ri et Speiss.
BUSINESS MANAGER....... ...BYRON C. VEDDER
CREDIT MANAGER.-.................ARRY BEGLEY
WOMEN'S BUSINESS MANAGER.......DONNA BECKER
DEPARTMENT MANAGERS: Advertising, Grafton Sharp;
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'ice, noel Turner; Accounts, Bernard E. Shnacke; Cir-
cuation, Gilbert E. BurBley; Publications, Robert E.
ASSISTANTS: Theodore Barash, Jack Bellamy, Gordon
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Joseph Hlume, Allen Knuus, Russell Read, Leter Skin-
ner, Joseph Sudow and Robert Ward.
Betty Aigle, Doris Gimmy, Billie Griffiths, Dorothy
Layln, Helen Olson, Helen 3chune, May Seefred,
THURSDAY, OCT. 20, 1932
O better illustration of the differ-
: 0ene, between political parties in
this country and in Europe could be found than
in the recent declaration of the English Labor
Party, that "on assuming office, with or without
power, definite 'Socialist legislation immediately
must be promulgated, and the party shll stand or
fall in the House of Commons on the principles in
which it has faith."
In England the people believe that democracy
means government by public opinion. Political
parties there are institutions for the orderly ex-
pression of blocs in this public opinion. As such
they may and do attempt to convert electors to
their doctrines; but they almost never compromise
with other parties, since this would mean re-
nunciation of the principles for which they stand.
In the United States the practice is antipodally
different. Instead of attempting to persuade the
electorate of the superiority of their respective
policies, the parties reject all p r i n c i p 1 e s that
might lose them votes. Platform framers do not
say, "What do we want?" The question is always
"W at may we say?" The result is a campaign
strategy in which the opponents Vie to see who
can talk the most and .say the least.
It has been said that the chief qualification for
a presidential candidate in the United States is
never to have said or done anything to alienate
any group in the. country. One corollary of this
almost always obtaining proposition is that, sincc
big, candid men have enemies, big, candid men
are rarely elected to our presidency.
By the foregoing excerpt from the recent, typi-
cally English Lapor Party's declaration, it is seen
that in England parties have faith in principles;
in the United States parties fear principles.
We do not consider this phenomenon, easily
explainable though it may be, to be healthy. We
have already urged you to vote honestly, and only
after thinking. We repeat that counsel.
And Price Tnequalities .
EDITORS NOTE: Following is the third install-
ment of an essay on economic( issues in the coming
presidential campaign, written for The Daily by
Kamil Toonian, senior in to~e School of Business
Administration. The article will be continued in' to-
N OMINALLY, the Democratic party
stands for reduction of tariff, Al-
though Governor Roosevelt, if elected, would un-
doubtedly oppose any attempt to let down the
bars completely, there are many members in the
party whose views are more extreme than ,his.
They tell us that the strallguLationl of internation-
al trade i a major' ca'use of- blsmess inactivity
here as well as abroad.
However, do the facts support the Democratic
stand on the tariff if we strip -the question from
its political dress? In the following lines the
writer-presents the factual analysis of the subject.
portalit today tilan ever before Lr the following
J'easonis: first, 0In account of the new creditor
position of the United States ill international fi-
niance, the tariff' wall has operated as one of the
chief obstacles to trade recovery, to international
financial stability. and to the restoring of inter-
Willingly or unwillingly the United States has be-'
come the leading banker and crcditor of the world.
Every year foreign nations have to pay huge sums
in payment of their debts and of the interest and
dividends due on foreign securities held by Ameri-
cans. They can pay either in kind, that is, in
goods or in gold. The extremely high tariff pro-
hibits them from paying their obligations in goods
and commodities, hence they have either to pay
in gold or suspend payments. But since their gold
supply has already been drained by the United
States, as the following figures will show, they are
forced to suspend payments. In the case of the
public debts to the United States, a new device
was invented to legalize the virtual default of the
foreign d e b t o r s and that was magnanimously.
called "Moratorium." Nevertheless, no provisions
were made which would enable these debtors to
meet their obligations, and the tariff kept soaring
to the seventh heaven to drive further away that
"new era of prosperity" which supposedly was
once on earth.
Furthermore, the influx of gold into the United
States, which was accelerated by the tariff,
brought havoc to the financial systems of foreign
countries. The threat of their collapse had its re-
p e r c u s s i o n s on the financial system of this
country, but who is to be blamed?
We are no more living in an age of Washington.
Business, banking, transportation, and even farm-
ing are conducted along international lines and
are ever expanding. It is through the economic
activities by credit, gold and prices that the world
has been knit together. Thus when gold shortage,
currency deflation, and closed markets drove down
the prices abroad, what happened? Since gold
imports are being sterilized by Federal activities,
the price level in this country was dragged down
by the general price decline abroad. But not all
prices go down equally, for the price structure
could be divided roughly into international prices,
strictly national prices, and those prices in be-
tween the two named. Since most agricultural
staple' products such as wheat and cotton are in-
ternational in character, they were bound to suf-
fer greater decline and no farm board could ever
be expected to bring their prices up.
To substantiate this fact clearly it is best to
quote some statistics. If we take the price level of
1926 as 100, we find that in June, 1932 wholesale
prices as reported by the Bureau of Labor Sta-
"WE PRINT death notices and even give spane
to fatal accidents," declares the Pomona
College Student Life, urging Freshmen to sub-
scribe for their mothers so that "they will know
whether you are dead or alive."
rWO University of Nebraska students hitch-
hiked to Washington last summer to shake
hands with President Hoover, reports the Okla-
homa Daily. Covering the 6,000 miles in one
month at a cost of about $30 auiecc, they esti-
mated they walked only 15 miles on the trip.
* * *:
_ICHIGAN students who are wondering just
how they can make ends meet will be glad to
know that a student can live on 30 cents a day.
Writing in The Daily Californian, Dr. Robert T.
Legge says that students may keep their board
bills down to 30 cents a day, or even lower, and
observe the requirements of a balanced diet. Dr.
Legge includes in his article a sample day's menu
for an adult weighing 130 pounds and doing mod-
erate work. Tle cost of the whole menu is 20
* ' 4
"IUS and railway transportation costs will be a
greater burden than ever to students in Vir-
ginia this year. At least, such will be the case if
section 80 of the new maotor vehicle code is en-
forced. This new piece of legislation, which has
been passed recently, prohibits bumming. It was
passed over the protests and efforts of Virginia
'college student bodies who sought exception from
the rule. According to reports from the state
motorcycle police, there has been a great reduc-
tion in professional and student bumming.
,, * ,
AN INNOVATION in the matter of cribbing on
examinations is that practiced by Northwestern
University co-eds. They place their notes under
their fish-net hose.
HERE'S one for the Ec department to shoot at.
A professor at the University of North Carolina
has taught a class in logic for the last 42 years
and has given but two A's during that time.
AUUTO BANS aren't handed out without proteCt
at Oregon State College. Students there rode
velocipedes, scooters, buggies, bicycles, and wore
roller skates in a demonstration of protest against
a university ban on student-owned cars.,
O ADMISSION prices will be charged here-
after to any athletic contests at Bethany Col-
lege," announced President Goodnight of that in-
stitution. "We want our friends to see our teams
on the field because they are made up of bonr
fide college students, and we shall not continue to
parade them like prize horses at a county fair."
WASHINGTON.-One man in p a r t i c u l a r
among the important folk at the New York demo-
cratic convention must have breathed a great sigh
It's a good number
to keep in mind.
You'll want it
a book, or key
or fountain pen,
then if you've
a coat, a badge,
will help to find the
owner. But that isn't
all. If you would
a room, or have one
rented, the same little
number will do it.
A lot of other things
too . . . try it
CIa s sifieds
One thing BOTH
parties qgreed on
Both Chicago conventions of the major political parties pro-
vided those who addressed them from places on the floor of
the hall with a means for perfect freedom of action in speak-
ing. Both used Western Electric microphones of a new type-
sensitive instruments which fasten to their wearers' lapels
and let speakers move about casily. Alecting new needs
by the production of new equipment is an interesting out-
growth of Western Electric's work for the pat 50 years as
manufacturers of telephone equipment for the Bell Sylsem.
Manufacturers . . . Purchasers . . . Distributors
SINCE 1882 FOR ' ETEL BEL YSYSTEM
tistics were as follows:
Farm 'products ............ .
LiVestock, poultry ..........
Other products .............
Chemicals and drugs........
. 45.7 per cent
..36.7 per cent
. 48.4 per cent
.58.8 per cent
.73.1 per cent
74.7 per cent
.71.6 per cent;
.70.8 per cent
.53.9 per cent
.79.2 per cent
MICHIGAN DAILY ADVERTISEMENTS PAY
Fuel and lighting materials...
Hides and leather products.,.,.
Textile products ..............
Metal and metal products.....
Total ....................... 70.1 per cent
We will not discuss these figures here and now.
We submit them to your consideration until to-
Inorrow, when we will attempt to interpret them
in a logical and orderly fashion.
What Others Say
'BEST' CITIZENS SPEAK
About 100 of the most prominent persons in
North Carolina have sent a plea to 0. Max Gard-
ner, governor of the state, asking him to "save our
state from further predatory acts by these so-call-
ed modern educators against '-things of the spirit."
Without pausing here to ask just what is the
meaning of "things of the spirit" we shall go on to
say that any reactionary attack upon the Uni-
versity of North Carolina is not surprising, be-
cause it has become known as one of the most
liberal institutions in the realm of state universi-
It is much less surprising, for example, that the
University of North Carolina, amidst the influ-
ences of southern medievalism. and. all its con-
sequent virulent fanaticism .against change and
progress, be attacked, than that our own liberal
University of Wisconsin in a supposedly liberal
state so maligned.
A liberal university, seeking to find a sensible
and reasonable way through the maze of radical
and conservative absolute systems is bound to suf-
fer attacks from both sides. Being also possessed
of money, and consequently influence, the attacks
of fanatic conservatives represent a very real dan-
ger confronting any liberal university seeking to
follow a middle ground. Inasmuch as the con-
servative-influence is so preponderant, radicals are
wont to applaud any departure toward the field of
liberalism and then the fanatic conservatives are
doubly re-enforced in their 'only malediction, "See,
there is the road to Red Russia and Godlessness!"
Bertrand Russel, British philosopher, was at-
tacked by these one hundred fanatics in North
Carolina.. Langdon Hughes, Negroe poet, was con-
demmed, but this is not to be marvelled at in the
minds of these white southerners to whom a
Negro is half-beast. Their attitude toward new
ideas and a reasonal liberalism is precisely analo-
On Sale at School of MusiOc'
x: . ,
of relief when it was over.
That convention and the
days preceding it probably were
to Senator Bob Wagner among
the most personally trouble-
some he has known in his
Not that Senator Wagner
lacked for honors. Far from it.
They were showered upon him
with lavish hand --- too lavish
he must have thought some-
He was keynoter and apparently enjoyed the
job. Apparently he was given more serious con-
sideration than anyone else as a possible guber-
natorial candidate in lieu of Lieutenant Governor
Yet consider the case from the senator's own
angle. Here is a man who long ago worked his
way to high judicial service in his state and found
it completely satisfying.
Most reluctantly and as Governor Smith's in-
timate friend he entered the senate race and was
* * *
BUT HE LIKED IT
Wagner came to Washington very dubious as to
how he would like senate life. A surprise awaited
him. He found it so congenial a job and received
such a degree of national prominence for a new
senator that he appears to like it now even better
than he did his judicial role.
Conning over the senators up for re-election
this year, Wagner seems among those of the "ins"
who have least to fear.
More than that, Wagner likely will be consider-
ed for cabinet honors, possibly as labor secretary,
in the event of a democratic presidential success,
The New York senator was an important ele-
ment in the pre-conventional strategy of the
SO WAGNER'S HAPPY TOO
10 All-Star Concerts
$6.00 -$8.00 -$10.00 -$12.00
$1.00 - $1.50- $2.00- $2.50
Oc t. 25
BOSTON SYMPHONY ORCHESTRA
Serge oussevitzky, Conductor
LAWRENCE TIBBETT, Distinguished Bari lone
DETROIT SYMPHONY ORCHESTRA,
Ossip Gbrilowitscl, Conductor
EFR EM ZIMBALIST, Distinguished Violinist
NATHAN MILSTEIN, Russian Violinist
MYRA HESS, British Pianist
Feb. 8 BUDAPEST STRING QUARTET
Jose Roismon, fi rst violin
Alexander Schncide,.second violin
Stephon Ipolyi, viola
Mischo Schneider, 'cello
Feb. 15 IGRID OEGIN, Leading orriralto