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November 26, 1932 - Image 6

Resource type:
The Michigan Daily, 1932-11-26

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_ __ _ ,

Pound Sterling
A New Low On
London 'Change
Decline To 3.22 Believed
Caused By Uncertainty
Over Debt Outcome
Will Answer Hoover
Cabinet Gathers Data For
Second Note; Nations To
Pay In Own Currency
LONDON, Nov. 25. - (P) - The
pound sterling touched 3.22 in trad-
ing on the sterling-dollar exchange
today, 1 cent below the previous mini-
mum reached since the country went
off the gold standard in September,
1931. The rate subsequent hardened
a fraction.
Trading was light and there ap-
peared to be no fresh influences be-
yond what brokers felt was the "debt
uncertainty," and the market seemed
to be waiting for the American mar-
ket openings. The stock exchange}
was idle owing to the prevailing un-

Flames Destroy Steamer In Amsterdam Harbor

(Associated Press Photo)
A raging fire consumed the Dutch mail steamer Pieter Corneliszoon Hooft in the harbor at Amsterdam,
Holland, recently. Fire tugs were powerless to put out the blaze. This unusual picture was made as the
craft was towed away from the docks to prevent the fire from spreading. The ship was completely destroyed
after the oil tanks exploded.

Facts Gathered
The British cabinet gathered new
data today fo another note to Wash-
ington seeking postponement of war
debt payments until the whole ques-
tion can be discussed.
Simultaneously a cabinet commit-
tee was charged with the task of
studying President Hoover's reply to
the original British note asking ex-
tension of the moratorium of June,
The American chief executive said
debtors were expected to pay up in
December, ven the next install-
ments are due in Washington.
There were few in England, how-
ever,- who doubted Great Britain
would pay if further representations
failed to bring an extension of the
WASHINGTON, Nov. 25. - (P) -
With the chance offered them by
President Hoover, some foreign debt-
ors denied suspension of Dec. 15 pay-
ments, likely will move to pay those
installments in their own currency.
Generally, congressional leaders
who opposed a new. moratorium or
creation of an agency to re-examine
the debt question were inclined to
favor payment in native currency
and probably will support the pro-
posal in Congress if and debtor ap-
Gold Scarce
Foreign exchange is a compicated
affair, "but the payments really be-
come simple matters of transfer of1
credits when all is said and done. No
gold or goods cross the ocean. At
present the former is scarce and there
is just too much of the latter.
This is the way it would work un-
der Mr. Hoover's plan.
England, for instance, owes $95,-
000,000 as her December payment.
At normal par, 20,000,000 English
pounds will buy 95,000,000 in dollar
credits. And so England would de-
posit £20,000,000, guaranteeing that
when these pounds are cashed into
dollars, they would equal $95,000,000.
But the present exchange rate,
with a surplus of pound credits and
a scarcity of dollar credits, would re-
quire £30,000,000 to get the same
Explain American Plan
Therefore the American plan would
allow England to deposit her 20,000;-
pounds and convert them into dollars
ass favorable exchange rates permit,
always with the guarantee that
America would get $95,000,000 re-
gardless of how many pounds it took.
In this way foreign nations would
have time in which to obtain dollars
deposited in American banks at fa-
vorable rates of exchange, instead of
having to take whatever the prevail-
ing rate was on the day payment
was due.
Hutchins Voices Fear
For Future Of Research
CHICAGO, Nov. 25.-(Big Ten)-
The future of education in America
is secure, but the future of research
on which education is based is a
matter of grave concern, President
Robert M. Hutchins of the University
in Chicago said in a recent address
before the New Orient society.
Butidespite the vicissitudes that
education will suffer in the next few
years through slashes caused by de-
sire for tax reduction, the American
people sooner or later will reaffirm
their faith in education and support
it with renewed vigor, President Hut-
chins said.

Jackson Debaters
Go Cultural; Back
Payment Of Bonus
The inmates of the Michigan State
Prison, Jackson, are going cultural in
an extensive way with their new de-
bate team under the direction of
Prof. G. E. Densmore, head of the
speech department. The first oppo-
nents of the Jackson team will be
a group of prominent Detroit busi-
ness executives who are meeting them
in debate Sunday, Nov. 27.
The subject of the debate will be:
"Resolved, That the Soldier's Bonus
Should be Paid Immediately." The
prison team is advocating immediate
payment of the bonus with the De-
troit squad opposing it.
Interesting though the experience
may be for the inmates it will be
even more eventful for the business
men if predictions are realized, for
most of the executives have never
met a convict outside the pages of a
detective thriller and t some severe
qualms may be expected when the
proverbial "youse guys" turn out to
be a smooth "Mr. Chairman, Ladies,
and Gentlemen" and the boys inside
attempt to slip a few barbs in the
case of the Motor City tycoons.
Judges for the event are Professors
James H. McBurney, Floyd K. Riley,
and John H. Muyskens, all of the
speech department. The business
men from the Detroit extension class
in speech work also conducted by
Professor Densmore includes Harry
A. Batcheller, automotive supply ex-
ecutive, Walter C. Joachim, Method-
ist young people's director, and two
attorneys, Norman Birnkrant and C.
Warren Harvey.
Before the debate the judges and
the audience will be conducted
through the prison and entertained
with a brief program produced by the
Wife Of General Calles
Still At Point Of Death
MEXICO CITY, Nov. 25.-()-The
condition of Senora Leonora Llor-
ente de Calles, wife of Gen Plutarco
Elias Calles, was unchanged today.
She remained at the point of death-.
Senora Calles has been desperately
ill with a brain tumor several months,
and she has been in a coma most of
this week.

A thousand years before Iowa
gained its reputation as the land
"where the tall corn grows," Hopi
Indians in New Mexico were raising
corn that for size and quality of ears
white men have never beaten. The
idea that Indian corn is inferior to
that raised by white men is fully dis-
proved by the latestcollections of
Indian agricultural products re-
ceived by the Museum of Anthro-
Eight varieties of corn were sent
in by one individual. Every ear in
this group is over a foot long, and
one measures 15 inches. Each of these
varieties is distinguished by its own
peculiar color, ranging from white
through yellow, orange, red, blue, and
purple to black.
500 Specimens Taken
As a result of a field trip this sum-
mer, about 500 specimeis of wild
products were 'brought back from
New Mexico by Volney H. Jones, of
the museum staff, who is assisting
Dr. Melvin R. Gilmore, curator of
ethnology, in the work with Indian
products. At the same time arrange-
ments were made with seven Indian
pueblos for shipments of other prod-
ucts, chiefly domestic, which had to
be dried for some time this fall after
Three of these shipments, those
from the Jemez Pueblo in the Jemez
Indian Reservation, and from the
Tesuque Pueblo and San Ildefonso
Pueblo near Santa Fe, have arrived,
while the others are expected to ar-
rive this week.
Age-Long Cultivation
The diversity of varieties in agri-
cultural products shows that age-long
cultivation has taken place, Mr. Jones
explained. Pumpkins, squash, beans,
and red peppers are other vegetables
raised by the Hopis. Beans, as well
as corn, was an Indian contribution
to civilization.
The origin of corn can be traced
to Mexico, science has found. Arche-
ological studies show further that it
was first raised in New Mexico about
1000 B.C. Flint corn appeared 500
years before Christ. Other varieties,
flour, dent, sweet, and pop corn, have
been developed since. When white
men settled on the Atlantic coast,
they adopted the varieties with which
they came in contact, namely dent

corn in Virginia and the South, and
flint corn in New England.
Carried Westward
These they carried back westward
along parallel lines of latitude, dent
corn finding its way to what is now
the Corn Belt and far outshadowing
its rival. Only recently has it been
realized that best results may benob-
tained by adopting the types that the
Indians developed in each region, ac-
cording to climatic conditions.
Among the Hopis, milady serves
yellow, red, or gray bread, as her
fancy moves her. The corn is ground
fine, the color being added from a
wild plant dye, spread on a hot stone,
and quickly rolled into thin strips.
Cotton, raised in the Southwest as
early as the beginning of the Chris-
tian era, has largely dropped out in
that part of the= country, and is
raised now only for use in religious
ceremonies, sin'ce the Indians can
obtain ready-made clothing cheaply.
Pumpkins and beans also date back
to the prehistoric days before the
coming of the Spaniards, Mr. Jones
pointed out.
'Pretty Boy' Floyd Is
Still Free In Oklahoma
EARLESBORO, Okla., Nov. 25.-P)
--Charles "Pretty Boy" Floyd, leader
of an outlaw gang, today was still the
will-of-the-wisp he has been to Okla-
homa officers.
TALCO, Chile, Nov. 20.--(R)-Fresh
volcanic eruptions and a scourge of
rabbits have laid waste much valu-
able land hereabouts. The lava
blocked irrigation canals. Firearms
are so hard to get that farmers asked
that soldiers be detailed to hunt

Indians Can Grow Corn Which
Ought To Make Iowans Blush

Education Body
Plans To Give
Assebhly Talks
Hospital School Seniors
Intend To Open Series
On Tuesday At 4 P. M.
Seniors of the School of Education
have planned a series of assemblies
in which each department of the
ehool is to be represented. These
programs are engineered entirely by
the students, who both plan and take
part in them.
The Hospital school division will
present the first assembly on the pro-
gram at 4 p. m. Tuesday, unde +
i ection of Glendora Gosling, '33Ed.
The program will be opened with
flute solo, which will be followed by
a series of seven short talks by stu-
dents in the hospital school dealing
with the history, growth, activities,
teaching, and studies in the school.
The girls of the physical education
department are scheduled for a per-
formance of a demonstration lesson
to be given in an assembly Dec. 13.
On Jan. 5, students in the correlated
course will present their assembly.
Theseprograms are sponsored by a
central committee composed of the
following members: Thaddeus Swia-
tek, chairman, Vinselle Bartlett, An-
nette Cummings, Helen DeWitt, Mar-
garet Ferrin, Glendora Gosling,
Jeanne Hagaman, Marjorie Jackson,
Marjorie Johnston, Lucille Marcin-
kowska, Wm. Earnest Henley.
The assembly program is designed
to present phases of education, cur-
rents of thought, and types of activ-
ity of especial interest to those in the
field of teaching.
English Professor
Will Deliver Two
Lectures Monday
"Bad Air" will be discussed from
a biological point of view in a lecture
to be given by Prof. J. B. S. Haldane,
director of the John Innes Horticul-
tural Institute, Merton, England, at
8 p. m. Monday in Natural Science
Auditorium, it was learned yesterday
through the zoological department.
The English scienist will also give
a more technical lecture, entitled
"Bio-Chemical Aspects.of Genetics,
with special reference to Pigmenta-
tion," at 4:15 p. m. Monday in room
2116 Natural Science building, of
especial interest to persons specializ-
ing in zoology.
Professor Haldane came to this
country to attend the National Gen-
etics Conference at Cornell Univer-
sity, Ithaca, N. Y., in August, and
has been visiting and lecturing since.
In his scientific work he has special-
ized in the relation of bio-chemistry
to humanremedical problems, and his
lectures are considered of especial in-
terest to medical students. Among
his writings in a book on biology
done in collaboration with Julian S.
Huxley. He has also made contribu-
tions to the studylof mathematics of
NEW YORK, Nov. 25.--(P)-Ivan
R. Gates, who thrilled thousands as
an automobile racer and later as an
airplane stunt pilot, plunged to his
death from a window of his sixth
floor apartment in the Chelsea dis-
tris Thursday.

Wellesley College
Girls Must Watch.
WELLESLEY, Mass., Nov. 25.--The
girls at Wellesley College are cycling
altogether too rapidly these days and
Elinor Best of Bronxville, N. Y., pres-
ident of the Wellesley College Gov-
ernment Association, has decided
that it must stop. She has created a
corps of bicycle police, consisting of
22 members, who are out to eliminate
all fast bicycling, stunting by riding
"no hands," and seating two or more
on a bicycle built for one. There are
over 400 bicycles in use on the Wel-
lesley campus and they constitute,
quite a traffic problem during the
change of classes.
School Children Reading
More Books Each Year
Since 1926 the number of books
being circulated throughout Michi-
gan to school children has shown a
steady increase, according to the re-
port issued by the University of
Michigan Library Extension Service.
During the past year 585 schools
with a combined enrollment of 40,-
950 pupils took advantage of the
service. Most of these schools do not
have any local public library and de-
pend solely on the few books which
the school may happen to possess.
The loaned books are sent out in
sets of 6. There were 85 sets avail-
able last year, remaining in one lo-
cality for a period of three weeks,
and then move on to another com-
munity. Suggested reading lists are
also included in the services offered.
The Michigan Congress of Parents
and Teachers and the Children's
Fund of Michigan have co-operated
with the University in making the
service possible.
SUBOTICA, Jugoslavia, Nov. 20.-
(P)-A depositor of a bankrupt local
bank got his 19,000 dinars by leveling
two revolvers at a teller. He came
back a minute later to return 1,000
which the trembling clerk had over-
paid and was arrested for robbery.


Est. 1863
Member Federal Reserve System,
Under U. S. Government

Union To Show
Sound Pictures
Of 1932 Eleven
Presentation Will Feature
I Smoker Scheduled For
Ballrooi On Nov. 30
More than 40 minutes of sound
pictures of the Michigan football
teams of last year and this, the
Olympic Games, and other sports
events will be included in the pro-
gram of the Union football smoker,
to be held at 8 p. m. Nov. 30 in the
Union ballroom.
I The pictures were taken by profes-
sional photographers with complete
sound equipment, John W. Lederle,
'33, Union president, said yesterday,
and have been highly praised by
Harry G. Kipke, Varsity football
Tickets for the smoker are on sale
now from all committeemen for 25
cents, and a campus sale will be held
Tuesday and Wednesday from 8 a. m.
to 3 p. m. Sale of tickets will be
limited to 1,000.
Among the men who will give short
speeches at the affair are Ivan Wil-
liamson, '33, Varsity football captain,
Stanley Fay, '34, captain-elect, Field-
ing H. Yost, director of intercolle-
giate athletics, and Mr. Kipke. The
speakers will be introduced by Led-
One of the principal speakers at
the affair will be James K. Watkins,
former V a r s i t y fullback, Rhodes
scholar, and at present Detroit police
Cider, doughnuts, and cigarettes
will be distributed to those attending.
Milk, Lettuce Popular
At ChicagoDining Halls
CHICAGO, Nov. 23. - Figures for
the month of October made public by
the University of Chicago Commons
office disclose that the various Uni-
versity dining halls consumed 450
gallons of ice cream, 300 loaves of
bread and an equal number of rolls,
ten tons of meat, 7,000 gallons of
milk and 4,600 heads of lettuce.

I' ' i

What makes the
in the size a


of these two-


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Both roasts weighed five pounds
when put in the oven. Now one
of them weighs nearly 20 per cent
less than the other. 'What has
happened? The smaller one was
cooked in aflame-type oven.There
is nothing the matter with it-it
has simply shrunk. Part of it hasw
Now look at the larger roast. It
was cooked in an Electrochef.
Weighing five pounds when it
was placed in the oven, it still
weighs almost five pounds when
takenout. There has been prac-
tically no shrinkage or weight loss,
because the Electochef oven is
MORAL: Are you paying-more

saving in your meat bills. And
these savings mount up to a.good
deal of money in a year.... See
the Electrochef at any Detroit
Edison office.

. - -


A limited number of
display and floor models
(Every range in perfect condi-
ion-some in oriinai crates


TIME'S FLYING- Let us again suggest that you order now your


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