THE MICHIGAN DAILY
FRIDAY. OCT. 21, 1932
.. , ..
Total Of $1,550,086,689
Loaned During First 8
Months Of Corporation
8,235 Loans Made
More To Be Lent When
Requirements Are Filled
By Those Applying Now
WASHINGTON, Oct. 20.-(A)-Ad-
vances of $1,550,086,689 were author -
ized by the Reconstruction corpora-
tion in the eight months from its or-
ganization on Feb. 2 through Sept.
The corporation said today this
sum was the aggregate of 8,235 sep-
arate authorizations. The figures
were given in its quarterly report to
congress that showed 3,109 business
loans authorizations totalling $359,-
588,446 during the three months end-
ing Sept. 30.
Summary of Report
In summarizing the corporation's
financial status, the report said that
$44,069,161 of the $1,550,086,689 au-
thorized was later withdrawn or can-
celled. It added:
"At the close of Sept. 30, 1932, the
corporation had advanced $1,194,-
601,566 and repayments . (exclusive.
of amounts unallocated, pending ad-
vices as of Sept. 30) amounted to
$185,035,489, leaving $1,009,566.077
outstanding on the books of the cor-
"In addition, the corporation had,
outstanding on Sept. 30, agreements
to make loans totaling $600,000 upon
the performance of specified condi-
Third Quarter Loans
The corporation said the $359,-
588,446 authorized during the third
quarter was distributed as follows:
215,083,391 to banks and trust
companies of which $16,780,159 was
used in reorganization of liquidation
of closed banks.
$35,153,815 to building and loan
$11,727,700 to insurance companies.
$10,246,000 to mortgage loan com-
$29,000,000 to federal land banks.
$781,000 to joint stock land banks.
$1,740,934 to agriculturalcredit
$5,371,396 to livestock credit cor-
$50,484,209 to railroads, including
$6,169,790 to railroad receivers.
Camtpaign Issues Debated By Ritchie, Allen At Northwestern
Students To Visit
Research Plant At
A group of students, mostly engi-
neers, are planning a trip to the Re-
search Laboratories of the Chrysler
Corporation in Detroit Oct. 25. A
special bus wil leave the engineering
arch at 6:00 p. m. and the party is
scheduled to arrive at the laborato-
ries at 7:30 p. m.
Fred Zeeder, vice president in
charge of engineering and a grad-
uate of the Michigan College of En-
gineering, will address the students
at the completion of the inspection.
Mr. Zeeder is one of the real leaders
of automotive engineering, according
to Prof. Walter E. Lay, professor of
mechanical engineering, who will ac-
company the students on the trip.
Professor C. H. Stocking
Speaks To Pharmacists
Prof. C. H. Stocking, of the phar-
macy college, and president of the
American Association of Colleges of
Pharmacy, addressed the Detroit
branch of the American Pharmaceu-
tical association last night on the
Isubject, "Michigan, t h e Leading
Professor Stocking was accompan-
ied to the meeting in Detroit by sev-
eral members of the faculty of the
College of Pharmacy.
Will Be Held
Spring Rushing Fails
At University -Of Illinois
7 to 131
(Associated Press Photo)
Leading figures in both major political parties debated issues of the presidential campaign when Gov-
ernor Albert C. Ritchie, Dem., of Maryland and Governor Henry J. Allen, Rep., of Kansas met on the plat-
form in a forum at Northwestern university. Left to right: Silas H. Strawn, Allen, President Walter Dill
Scott of Northwestern, Ritchie, Melvin A. Taylor.
Schools And The Nation'sI
Founders To Be Thee
Of Program This Year t
The twelfth annual American Ed-
ucation week will be held from Nov.
7 to 13, it was announced by offi-
cials of the School of Education yes-;
terday. Every year this program is
sponsored by the American Legion,
the Federal Office of Education, and
the National Education Association.
During American EducationiWeek
each year parentsand citizens par-
ticipate in the work of school inter-
pretation. J. W. Crabtree, Secretary
of the National Education Associa-
tion says, "This year the emergency
in education gives special signifi-
cance to the American Education
Week. The integrity of the schools is
seriously threatened at the very time
when their services are most needed
in the interest of stability and prog-
The general theme for 1932 is "The
Schools and the Nation's Founders."
Airways in the triangle of In-
dianapolis, Terre Haute and Lafay-
ette, Ind., have received a 99.9 per
cent safety grade.
CHAMPAIGN, Ill.,-Rushing ac-
tivities during the spring Interscho-
lastic week-end at the University of
Illinois bring small actual return to
the fraternities, according to H. S.
Dawson, assistant dean of men. Fig-
ures compiled by Dawson indicate
that of the Interscholastic guests
only 18 per cent pledged fraternities
while of those pledged 30 per cent
were here in the spring. Of 767 In-
terscholastic rushes, 532 never en-
rolled in the University.
Students Take Notice
with All Barber Work
on All Football Games.
Each barber gives a $2.00 job
FREE to his client guessing
14 CHAIRS NO WAITING
All Competent Workmen
615 East Liberty
(Near Michigan Theatre)
Cosmopolitan. Club To Hold Falll
Initiation Ceremonies Saturday
With nearly a hundred applica- after returning to America took up
tions for membership, the Cosmopol- the editorship of "World Neighbors,"
itan club will hold its fall initiation published in New York. She is the
ceremonies at 8 p. m. on Saturdaywife of Dr. Frederick B. Fisher, min-
Oct. 22 in Lane Hall Auditorium. The ister of the Methodist Episcopal
officers and old members of the club, church here.
numbering about 80, will all attend Following Mrs. Fisher's address
tonwelomberg t ,ewimemberstindothere wil be an international musical
to welcome the new members it entertainment and refreshments.
their fellowship. w eClub Optimistic
Mrs. F. B. Fisher, who recently re- With the hearty co-operation of
turned with her husband from a six Dc an of Students Joseph A. Burs-
weeks' vacation devoted to study and ley and the Advisory Committee for
travel in Germany and Switzerland, Foreign Students working under him
will give the initiatory address. Her ForiS ted t heokn ubdthim
topic wil be "Getting the Most Out izt is expected that the club this
oLiing inbF"GeingCountry." year will take a great forward step in
of Living in a Foreign Cserving the purpose for which it has
Well Known Author been established, namely: to bring
Mrs. Fisher is a well-known author foreign and American students to-
and lecturer, and has spent a great gether and thus enable them to ex-
deal of time in Japan, China, Inldia, change ideas on international prob-
and Korea. She assisted in war work lems.
in France during the late war, and "Judging from the enthusiasm ex-
hibited by leaders all over the world
for international peace," declared
John Khalaf, chairman of the club,
"we are hopeful that our efforts in
creating a spirit of friendship among
students of 35 nationalities repre-
sented on the Michigan campus will
stand as a distinct factor in the de-
velopment of this ideal."
Let Us Furnish ...
The PUNCH, WAFERS, or
SP ECIAL SANDWICHES
for Your Party
Betsy Ross Shop
In the Arcade
Ann Arbor's Smartest Banquet and Party Rendezvous
This advertisement and fifty cents entitles one of a
couple to one of our regular dinners and evening of
dancing and entertainment.
NOT GOOD AFTER OCTOBER 28TH
30 Miles from the Campus
AND you want something
"" quick and nourishing-try
, /a bowl of Kellogg's Rice
15541 Plymouth Road at Greenfield
THE BOOKS OF ROBERT FROST
NORTH OF BOSTON.
A BOYS WILL
WEST RUNNING BROOK
Our Stock comprises all that is new and very good of other modern poets includ-
ing Robinson, Millay, Eliot, Mase field, Housman and others
316 State Street Main Street opposite Courthouse
li- - -- --
Eats Dr. Raynond L. Ditmars
Wile Dr. Will Durant
wAII I rIsEEDA wr
The Big Game
eigWill B Played Saturdlay!
Michigan Will Win If You
"Say It With Flowers"
Have you ever seen a girl who did not love to wear
a large Muth or Corsage with the College Colors?
I'll say not!
The University Flower Shop, Inc., will have a good
assortment of Mums and Corsages. "Root" for your
colors, boys, and pep up your team. For your party
have some nice flowers on the tables. We have
flowers for every purpose-- always fresh.
""They Grow Their Own"
THE UNIVERSITY FLOWER SHOP, INC.
Phone 9055 606 East Liberty Street
Krispies with milk or cream and sliced
bananas. These toasted rice bubbles are so
crisp they crackle. And they are rich in
energy that's quickly digested
Enjoy Rice Krispies for lunch and feel
fitter. Fine for a late snack around bed-
time. So much better than heavy, hot
dishes. All restaurants have Rice Krispies.
Made by Kellogg in Battle Creek.
The most popular cereals served in the dining-rooms of Ameri-
can colleges, eating clubs and fraternities are made by Kellogg
in Battle Creek. They include AL-BRAN, PEP Bran Flakes,
Corn Flakes, Wheat Krumbles, and Kellogg's WHOLE WHEAT
Biscuit. Also Kaffee Hag Coffee-real coffee that lets you sleep.
William Butler Ye
"LSet's Goto the League"
And Dance to
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