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October 21, 1932 - Image 4

Resource type:
The Michigan Daily, 1932-10-21

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Established I890

y v
Published every morning except Monday during the
University year and Summer Session by the Board in
Control of Student Publications.
Member of the Western Conference Editorial Associa-
tion and the Big Ten News Service.
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for republication of all news dispatches credited to it or
not otherwise credited in this paper and the local news
published herein. All rights of republication of special
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Inc., 40 East Thirty-Fourth Street, New York City; 80
Boylston Street, Boston; 612 North Michigan Avenue,
Telephone 4925
CI'TY EDITOR......................KARL SEIFFERT
ASSISTANT WOMEN'S EDITOR............Miriam Carver
NIGH' 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 Bauchat, Donald R. Bird, Donald F.
Blankertz, Charles B. Brownson,. Arthur W. Carstens,
Donald Elder, Robert Engel, Eric Hall, John C. Healey,
Robert B. Hewett, George Van Veck, Guy M. Whipple,
Jr,, W. Stoddard White, Leonard A. Rosenberg.
Eleanor B. Blum, Louise Crandall, Carol J. Hannan,
Frances Manchester. Marie J. Murphy. Margaret C.
Phalan. Katherine Rucker, Marjorie Western and Har-.
!-et speiss
Telephone 2-1214
DEPARTMENT MANAGERS: Advertising, Grafton Sharp;
Advertising Contracts, Orvil Aronson; Advertising Serv-
ice, Noel Turner; Accounts, Bernard E. Schnacke; Cir-
culation, Gilbert E. Bursley; Publications, Robert E.
ASSISTANTS: Theodore Barash, Jack Bellamy, Gordon
Boylan, Charles Ebert, Jack Efroymson, Fred Hertrick,
Joseph Hume, Allen Knuusi, Rnssell Read, Lester Skin-
ner, Joseph Sudow and Robert Ward.
Betty Aigler, Doris Gimmy, Billie Griffiths, Dorothy
Laylin, Helen Olson, Helen Schume, May Seefried,
Kathryn Stork.
1, RIDAY, OCT. 21, 1932 f
Has President Hoover
Lost His Trnnper.-

from low prices as from a disequilibrium between
different prices which intensifies the decrease in
p u r c h a s i n g power to those who need it most.
Doesn't this partly explain the terrible plight of
the farmer? Do you blame him for turning Demo-
cratic? Do you see how the vicious circle of high
protective tariff, retaliation, reduced trade, gold
hoarding, and currency deflation lead to lower
prices, more unemployment and general stagna-
Dr. B. M. Anderson of the Chase National Bank
in a speech delivered before the Foreign Policy
Association on March 21, 1931, summed up the
disastrous effects of the tariff in the following
statement: "We are in the midst of a severe busi-
ness depression which is world wide. The most
serious obstacle in the way of early recovery is the
state of our foreign trade. The most serious ob-
stacle in the way of the revival of our foreign
trade is our high protective tariffs."
With the present maldistribution of gold
and the obstacles placed before the pro-
cesses of natural redistribution it is hard to
see how foreign trade could be boosted and how
the nations of the world could hope for financial
stability. If we glance at the following figures we
san see that in less than 20 years the United
States has nearly doubled its monetary gold sup-
ply at the expense of Germany, Russia and other
The figures are taken from "America Weighs
Her Gold" by the well known authority on the
subject, Prof. James H. Rogers of Yale.
If the United States holds nearly 43% of the
monetary gold supply of the world that leaves
56% for the trade of all other nations which,
judging from post war history, is not sufficient
especially when account is taken of the fact that
19% out of that 57% is held by France. Conse-
quently, the price level abroad will keep going
down, increasing business failures, and unemploy-
ment, all of which in turn react on American
Another reason why the tariff questions of fun-
damental importance now is that, by the fall of
prices, its schedule have become higher than the
original drafters intended to have them. This is
true because, in addition to ad valorem duties,
specific duties were levied on many goods on the
loss of dutiable items. Take for example the duty
on dates packed in containers of 10 pounds or less.
The specific duty on this commodity is 7 cents
per pound. But, whereas the price of dates in 1930
was about 5 cents a pound before duty is paid to-
day, the price is about 4 cents, which means that
the severity of the duty is one third more than
was contemplated. Likewise the duties on alu-
minum, which is 2c per pound, on bags and jute,
10c per pound plus 10% ad valorem, on straw
hats, $4 per dozen plus 70% ad valorem, on silver
jewelry, 110%, on leather goods, iron and steel
products,etc. have been superimposed on trade,
resulting in virtual paralysis.
The rates of the 1922 tariff act would have been
greatly protective if we consider the fall in prices
but whereas the average rate on dutiable items
under the 1922 act was 34% the average rate un-
der the Hawley Smoot law is 41%. Taking into
consideration the decline in prices during 1931
and 1932 the average rate isestimated to be now
over 50%. Thus, international commerce is fur-
ther strangled by the sheer cumulative effect of
the tariff.
One of the chief reasons which renders the tariff
question highly important, is the retaliation which
the Hawley-Smoot tariff has invited from other
nations. Over 32% of the nations p r o t e s t e d
against that notorious act, and when the act be-
came a law, they followed suit and imposed duties
on their own imports.

Other College
,sl - --- - u


JOE ZIAS isn't the only student council prexy
who has his trouble with Freshmen. The first-
year men at the University of Missouri have been
reprimanded by the president of the student body
because they are not buying the traditional fresh-
man caps.
ADDLING of fraternity pledges is absolutely
forbidden at the University of Oklahoma. In
fact, Dr. W. B. Bizzell, president of the University,
recently announced that any fraternity violating
the anti-paddling rule would be expelled from the
campus and have its pledge list cancelled. He
said that his order for enforcing the rule followed
numerous complaints by parents of pledges who
have been made to "a s s u m e the a n g l e." The
action came after nearly 300 fraternity and sor-
ority pledges walked out on weekly pledge night
court aId went to dance on the roof of an Okla-
homa City hotel.
"WOULD never have thought that the girls one
sees here were students," commented a young
lady graduate student, a recent arrival from Ger-
many on the University of Wisconsin campus -
"The girls at the German universities look stu-



305 South State Street,
Half a Block from the Campus.
* When in quest of a hose for
general wear try our Picot-Top,
42-Gauge Pure Silk, Semi-Serv-
ice Weight, French Heel, and
Cradle Foot . . . All the leading
colors and all first quality.
per paitr S0c

* '


WHEN the Alumni Campus Association of the
City College of New York appointed as editor-
in-chief a student who was thought unfit by his
staff, the whole staff on the "Campus," publica-
tion in question, resigned. Now, the self-desposed
staff is editing a protest publication which goes
under the name of "The Student.
THERE'S a.e old ballad that goes something like
"and when they asked her why she wore it" -
Well, co-eds at Northwestern university have fit-
ted this old sentiment to their recently organized
Widow's Union. It is not, as the name implies, an
association of "College Widows." but rather an
association of girls who want to keep faithful to
their far away loves and refuse dates. The insig-
nia, which is none other than the "yellow ribbon"
of the ballad, is worn around the neck snd serves
to ward off ambitious males.
NO USE hoping for the early demise of your
most disliked professor, for according to the
Wisconsin Daily Cardinal the Carnegie foundation
'found in a recent im o r t a 1 i t y survey that "the
cloistered classroom and the quiet life of the col-
lege professor gives him a longer lease on life
than the average man." The Lafayette suggests
in addition to the above comment, that perhaps
if he gave fewer exams, the professor's life span
would be lengthened still more.

We also carry a large line of
Lingerie, such as Vests, Panties,
Union Suits, Slips, Pettislips,
Pajamas, Gowns, etc. - all at
prices that will please.

We will repair free of charge any silk
hose purchased in any of our 12 shops
in Michigan. Hose must be laundered.
20c a pair for other makes.

OW that the presidential campaign
has entered its last month, the
great period of mud-slinging and personal at-
tacks has begun.
The Democrats have u n d o u b t e dl y been the
worst offenders in this regard in the past, but
during the present campaign, the G. 0. P. has
been just as guilty.
When the campaign began, President Hoover
announced that he would make only two or three
speeches and that these would not be of a politi-
cal nature. This was probably too conservative a
stand. His later decision to take the road was not
surprising. It is no crime for the President to
campaign for his own re-election, although the
time he spends in such activity should be cut to a
minimum, for the country is still paying him
$75,000 a year to carry out the work of his office.
But the president should remember at all times
that he is the president. He should retain a digni-
ty, even in the heat of a political campaign, be-
fitting his high office. This President Hoover has
failed to do. When he charges the opposition with
"contemptible lies," and states half-truths so as to
pervert the truth, when he shouts names at his
opponents, he is violating the confidence that the
nation has placed in him. Has President Hoover
lost his temper?
After the hectic three years through which he
has lived, as he sees even his friends turn against
him, President Hoover cannot be blamed for be-
coming irritated. But if he possesses the mental
stature which the public has a right to expect, he
should keep his feelings locked within his own
mind, and present an outward confidence which
may be reflected to the nation as a whole, for the
country needs a show of confidence above all
things today.
Further it might be well for the president to re-
member that Robert Lafollette lost the Progres-
sive presidential nomination in 1912 largely be-
cause he first lost his temper and that Alfred
Smith's cause suffered much in 1928 through his
angry outbursts in the latter days of the cam-
paign. A rambling, incoherent speech by President
Hoover, like the Philadelphia speech of Lafollette
in 1912, would be disastrous in these times. But
President Hoover, from Des Moines to Cleveland,
has been rapidly approaching that point.
Mr. Mills and Mr. Reed may say they will. They
will do their respective parties no good. But the
President must, despite all, keep his head.

A Washington



Screen Reflections
Four stars means a super-picture; three stars very
good; two stars good; one star just another picture;
no stars keep away from it.

WASHINGTON-Everett Sanders, Hoover cam-
paign manager, says he takes small stock in straw
vote polls.
But others must have been paying attention to
them, as Mr. Sanders busied himself with repub-
lican strategy. The poll business seems to have
flourished more this year than in any other presi-
dential campaign.
If the unofficial nose counting results are given
'any weight at all by old-party stalwarts, one as-
nect of the September and October straw votes
must have served to send chills up the backs
of old-line democrats and republicans alike.
The indicated size of the. so-called "protest"
vote to be cast this year, while it might not in-
flirp the pletoral outcome in any state had

-.nuence ue elcui u4ltuu11cl~ u , w
** a slant to it disturbing to folk quite content with
John Curry .,.....'........Clive Brook the two-major-party system under which national
Trudi Morrow ................ Lila Lee politics has been run in this country almost time
Ginger Blake ...............Frances Dee out of mind.
Herbert Morrow ........Gene Raymond * *
Mr. Strawn ............ Charlie Ruggles A SIZABLE PROTEST
Mrs. Strawn ....,..........Mary Boland
Theprogramn .b.i.f. . T.h.i.s. l...att " de Some of those who studied the figures of 1932
The program in brief: This latest "murder icmlt ol oea osbescaitvt
mystery" in which the true facts are known to the incomplete polls foresaw a possible socialist vote
of 2,000,000. Take into consideration the fact that
audience from the first is at its best when it there are upward of 25 party designations of na-
depicts the suburban life in a large city-its petty ional and state ballots this year, many of which
jealousies, love affairs, triangles, and hatred, and represent only a variation, of the protest vote, and
its joys and its sordidness. It is at its worst, with the aggregate of this break away from both old
the exception of one or two shots, when it at-
temps te cort-oom cens, te tunde ofparties conceivably could become highly signifi=
tempts the court-room scenes, the thunder ofcant.
which has been stolen by countless other movies Dipping back io fairly recent history for a
here which have treated the same subject. line on what the ebb and flow of the protest vote
John Curry is a 7:17 commuter, burdened with has been, it is surprising to find that Eugene V.
a talented but despairing wife who has been the Debs as socialist presidential candidate rolled up

On Sale -at Scool ofMusi~c
10Al!-Star Concerts SINGLE CONCERTS
$6.00-$8.00-$10.'00-$12.00 j_$1.00 - $1.50 -$2.00 - $2.50
Serge Ko ussevitzky, Conductor
Nov. 2 LAWR ENCE TIBBETT, Distinguished Baritone
Ossip Gabrilowitsch, Conductor
Dec. 12 EFREM ZIMBALIST, Distinguished Vi li.nist
Jan. 16 NATHAN MILSTEIN Russian Violinist
Jan. 27 MYRA HESS, British Pianist
Jose Roisman, first violin
Alexander Schneider, second violin
Stephan Ipolyi, viola
Mischa Schneider, 'cello
Feb. 15 SIGRID ONEGIN, Leading Contralto
rl ! t ' sirs 1 ,. i '1.t. A ..n .. A., rK...r-Y _ .___ __ n'


roTdteGtive .Tariff
Andi The Gold Supply.


victim of a recent automobile crash and subse-
quent nervous breakdown. Her ultimate suicide
brings Curry and the various sets of neighbors
into a dragging, repititious murder trial.
Herbert Morrow and Ginger Blake are the
younger leads, played by Gene Raymond, a new-
comer, and Frances Dee. Raymond has a typically
unconvincing part of the weak, spoiled youth.
All the honors go to Grandpa Strawn, whose
real name we didn't get. It is his humor which in
part makes up for the staleness of the remainder
of the offering.
Best shots: Grandpa when he's in court; Mrs.
Strawn running un and down stairs in order to

only 95,000 votes in 1900 as against 920,000 or so
he got in 1920.
In 1900 eleven of the states gave him not a
single vote. They were Alabama, Georgia, Idaho,
Louisiana, Mississippi, Nevada, North Carolina,
Rhode Island, South Carolina, Vermont and
In 1920 Louisiana and Vermont stood pat, with
no socialist vote reported, but the other states in
that group changed to Montana, New Mexico and
South Dakota.
Probably the most interesting figures on the
protest vote, however, are those of 1912. In that
,.< ,_-. 1- -C, .L.4. )..., ,-. ma.

EDITOR'S NOTE: Following is the fourth install-
ment of an essay on economic issues in the coming
presideutial campaign, written for The Daily by
Kamil Toonian, senior in the School of Business
Administration. The article will be continued in to-
morrow's Daily.
ROM yesterday's figures you find
*t' a f.Dipfavrmpr ba i ostnot onlV

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