100%

Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Download this Issue

Share

Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

This collection, digitized in collaboration with the Michigan Daily and the Board for Student Publications, contains materials that are protected by copyright law. Access to these materials is provided for non-profit educational and research purposes. If you use an item from this collection, it is your responsibility to consider the work's copyright status and obtain any required permission.

October 10, 1933 - Image 1

Resource type:
Text
Publication:
The Michigan Daily, 1933-10-10

Disclaimer: Computer generated plain text may have errors. Read more about this.

The Weather
Partly cloudy Tuesday and
Wednesday. 'Slightly warmer
Wednesday.

L

it

jati1

Editorials
Mead
Backslide .

r

VOL. XLIV No. 14 ANN ARBOR, MICHIGAN, TUESDAY, OCTOBER 10, 1933

PRICE FIVE CENTS

Government Is
Working For
DepositRelief
Treasury Officials Figure
Out Details Of New Plan
To Release Money
Officials Loath To
Talk About Project
But Belief Is That Idea
Calls For Organizing
Another Corporation
WASHINGTON, Oct. 9.-()-Un-
der spur of the President, adminis-
tration officials today drove toward
the relief of frozen deposits in banks
that closed in the national banking
holiday.
Treasury officials, heads of gov-
ernment credit corporations, a n d
Henry Bruere, president of the Bow-
ery Savings Bank of New York,
brought to Washington as a dollar-
a-year man to act as liason officer
for the president, worked on the de-
tails of a proposed new corporation
designed to make money available to
receivers and conservators to be pass-
ed on to depositors.
At the same time, the comptroller
of the currency was working on an-
other proposal to enable conserva-
tors to obtain money for their banks
by' exchanging frozen assets for
home loan bonds. .
Calls for Corporation
Although officials were loath to
talk, it was understood that the gen-
eral plan called for organization of
a corporation with a capital of pos-
sibly as much as a billion and a half
dollars, headed by Bruere, with a
board of directors composed of the
heads of other government corpora-
tions.
The tentative proposal was under-
stood to call for the purchase by the
reconstruction corporation of the
preferred stock of the new corpora-
tion, w h i c h would receive RFC
debentures.
With these, the corporation might
take over the frozen assets of closed
banks up to 50 percent of their de-
posits. The debentures could be cash-
ed by federal reserve banks.
The latest figures available, for
Sept. 22, showed that the deposits of
national, state member, and non-
member banks which are under re-
ceivership or conservatorship totalled
$1,765,669,000. That figure did not
include deposits in mutual savings
banks.
Is Important Problem
The President was represented as
feeling that the relief of frozen de-
posits is one of the most important
steps in his recovery program at the
moment and that the release of al-
most a billion dollars would give tre-
mendous impetus to the efforts to
stimulate consumer purchases which
the NRA is undertaking in its "buy-
now" campaign.
A statement issued today by the
comptroller said that, at the end of
September, 46.2 per cent of all the
national banks in the 48 states and
the District .of Columbia that re-
mained closed after the bank holiday
had been licensed, chartered, or
liquidated.
On March 15, there were 1,446 un-
licensed national banks. On Sept. 30,
778 were still unlicensed. The comp-
troller said plans had been approved
for the reorganization of 376 of
those remaining unlicensed and plans
disapproved for 271.
Plans were under consideration for

104 and there were no plans for 27.
Deposits in the unlicensed national
banks on Sept. 30, totalled $671,031,-
000 frozen and $50,668 unrestricted.
Reorganization plans had been ap-
proved for banks with frozen deposits
of $398,735,000 and unrestricted de-
posits of $31,151,000; plans had been
disapproved for banks with $122,-
326,000 in frozen and $9,171,000 in
unrestricted deposits; plans were un-
der consideration for banks with
$110,562,000 frozen and $8,956,000
unrestricted deposits; and the 27 na-
tional banks for which no plans had
been made had $39,408,000 frozen
and $1,309,000 in unrestricted de-
posits.
'Railroad Jack' To
Be Buried Today
Harry Cooper, "Railroad Jack,"
will be buried in St. Thomas Ceme-
tery, it was announced yesterday by
Father Thomas Carey, pastor of the
St. Thomas Roman Catholic Church.

Senator Wagner Hints At NRA
RegulatingAllWage Scales

WASHINGTON, Oct. 9-(P)-The
possibilities of the NRA regulating
all wages, instead of only setting
minimum scales, was advanced today
by Sen. RoberttWagner (Dem. N. Y.),
co-author of the Recovery Act,. co-
incident with a broad new move to
curb skyrocketing prices.
Meanwhile, with her goal the end
of profiteering in connection with
the recovery program, Mrs. Mary
Harriman Rumsey, chairman of the
NRA Consumers Advisory Board, an-
nounced the creation of county con-
sumers councils authorized to receive
and deal with, where possible, com-
plaints against fast rising prices in
local stores.
Mrs. Rumsey also wrote to Sec.
Harold Ickes voicing a request of
the board that "any governmental
steps toward price fixing in the oil
industry be postponed." She said the
consumers bill for petroleum prod-
ucts had been increased at a rate of
more than $500,000,000 annually,
while wages in the oil industry had
increased at a rate of not more than
$125,000,000.
Senator Wagner, speaking as the
chairman of the National Labor
Board, charged with settling indus-
trial disputes, went before the Amer-
ican Federation of Labor's annual
convention with his suggestion that
it might be necessary to compel
higher wages for more skilled work-
ers to bring purchasing power into
balance with production and rising
prices.
The increased volume of total
wages is due almost entirely to gains

Senator Robert Wagner
in employment and to rises in the
minimum scale," Wagner said. "Aside
from this, there has not been ap-
preciable ,changes in rates of pay,
and consequently the improvements
in standards of living have not been
general."
"In view of these facts, it is essen-
tial to give constant attention to
wage revision. Some of the mini-
mum scales should be higher, and
perhaps it may be necessary to go
further along the line of regulating
all wages."

Steel Strikers
Charg e Weir
With Threats
Denies Remark But Admits
Asking For State Troops
To Stop Bloodshed
PITTSBURGIL, Oct. 9. -(A)- As
large segments of striking miners
trooped back to the pits today, the
controversy between labor and cap-
ital was enlivened by the charge that
E. T. Weir, chairman of the National
Steel Corp., had said, "We may have
to shoot a few steel strikers.
Rep. Robert L. Ramsay, (Dem. W.
Va.), said in Washington that he
would ask the NRA Labor Boardl to
investigate reports that Weir had
made threats against some of the 11,-
000 workers on strike at the Weirton
Steel Co. plants.
Weir denied that he had made
threats, but said that he had told
Sheriff J. A. Tope, of Hancock
County, West Virginia, that two of
the strike leaders had brandished
guns "and unless state police took
charge of the situation there would
likely be shooting in Weirton."
The company posted notices today
that the plant would attempt to be-
gin n o r m a 1 operation tomorrow
morning. Fifty state troopers are on
duty at the mill's entrance.

Two Arrested Students
Called Before Council
Two students who were arrested
by local police Saturday night for
drunk and disorderly conduct, and
whose names are being withheld,
will be brought before the Judi-
ciary Committee of the Under-
graduate Council, G i l1b e r t E.
Bursley,' '34, President of the
Council, stated last night. Action
will probably be taken on the case
tonight, it was understood.
This is the first case of the kind
which the Judiciary Committee
has had to act upon since the for-
mation of the new Council last
year. The possible penalties which
may be inflicted upon the two stu-
dents now involved include sus-
pension, probation, or addition of
extra hours toward graduation re-
quirements.
Thugs Snatch
Money Bag Of
BankHelpers
Get Away With $68,000
From Messengers Of
Bank In Ohio
WARREN, O., Oct. 9.-(P)-While
pedestrians watched, two men
snatched a money bag filled with
$68,000 froi a pair of Second Na-
tional Bank messengers today and
raced away minutes ahead of pursu-
ing peace officers.
The daring daylight robbery was
completed with such suddenness that
the messengers, Charles Wolfe and
Frank Fisher, made no effort to draw
their weapons.
One of the robbers carried a wea-
pon, apparently a machine gun, hid-
den in a shopping bag. The other
flourished a revolver.
As the messengers stopped their
car and started across the street to
the bank, the robbers walked up to
them and with an abrupt "you know
what this is," yanked the money bag
from the hand of one of the mes-
sengers.
With equal suddenness they fled to
a car in which a companion waited.
So startled were the messengers
that the big sedan had attained a
high speed before the pedestrians who
witnessed the holdup were aware of
what had happened.
It was several' minutes before po-
lice and county authorities, equipped
with machine. guns and shotguns,
took up the chase.
Announce Changes In
Comedy Club Tryouts
Preliminary tryouts for Comedy
Club were shifted from Sarah Cas-
well Angell Hall to the stage of the
Laboratory Theatre, according to an
announcement made yesterday by

Council Will
Enforce Pot
Rule'-Bursley
Reported Violators W ill
Be Brought Up Before
Council Committee
Violators Are To
Face Punishment
Organization Heads Sign
Agreement Not To Use
Ineligible Freshmen
Several freshmen who have been
reported as violating the ruling of the
Undergraduate Council in regard to
the wearng of pots will be brought
before the disciplinary committee of
that body sometime tiis week, Gilbert
E. Bursley, '34, chairman of the com-
mittee and president of the council,
announced last night.
"We are going to do everything in
our power to see that the traditions
of the University are observed," Bur-
sley stated, "and this is certainly one
matter requiring attention. By wear-
ing a pot, each freshman can demon-
strate his willingness to co-operate in
maintaining these traditions. First-
year men found disregarding the issue
entirely will be reported and steps
wlll be taken to see that the import-
ance of this and other University
customs are impressed upon them."
The discipline committee, which is
to act upon all violations of the rul-
ing, consists of Bursley, Chairman;
Richard McManus, '34; Carl Hilty,
'33; Thomas K. Connellan, '34; and
James Cristy, '34Ed.
In his warnng last night, Bursley
pointed to the fact that the ruling is
not merely an idle attempt to coerce
the underclassmen into doing some-
thing which is distasteful to them.
The ruling will be enforced, he in-
sisted, through the penalties being
applied by the committee in those
cases where violation has been found
evident.
Any freshman found guilty by the
committee of not wearing his pot will
be ineligible to participate in any of
the following activites at the be-
ginning of the second semester when
the various calls for tryouts are is-
sued, according to the student heads
of the organizations who have signed
the agreement:
The Michigan Daily Business Staff,
(W. Grafton Sharp, Mgr.); The
Michigan Daily Editorial Staff,
(Thomas K. Connelan, Managing
Editor) ; Michganensian Business
Staff, (Arend Vyn, Jr., Mgr.); Mich-
iganensian Editorial Staff, (Wallace
Graham, Managing Editor); Gar-
doyle Business Staff, (Wilbur Bohn-
sack, Mgr.); Gargoyle Editorial Staff,
(Thomas Powers, Managing Editor);
Michigan Union, (Robert Saltzstein,
President).
Steel Magazine States
Long Decline Is Ended
CLEVELAND, Oct. 9.--(P)-The
seven weeks' steady decline in steel
production was broken last week, the
magazine Steel said today, and the
average output held at 38 per cent of
capacity.
"Notwithstanding labor difficu-
lties," the weekly review said, "Pitts-
burgh district steel mills put on
enough additional capacity to cancel
operating losses in the Buffalo,
Wheeling and New England districts.

isarmament
Group Meets
ThisEvening
Prof. Preston W. Slosson
Will Describe Six-point
Pacifistic Prograi
Group Discussion
To Follow Speech
'Disarmament Will Come
Through Popular Will,'
Says Professor Reed
By GUY M. WHIPPLE, JR.
Ann Arbor's disarmament mass
meeting, to be held at 8 p. m. today
in Hutchins Hall with Prof. Preston
W. Slosson of the history department
the principal speaker, will convene
with the diplomatc sky of Europe a
bright red from the flames of another
serious breach between France and
Germany.
As European statesmen frankly
talk of the next war, townspeople,
students, and faculty members will
be assembled to hear Professor Slos-
son describe a six-point program for
making the world pacifistic instead
of militaristic. The meeting tonight
is only a unit in many the world over
called as a part of an international
mobilization of public opinion in-
tended to culminate in disarmament
demonstrations Oct. 15 in Geneva on
the eve of the conference's reconven-
ing. It is intended to combat the ar-
guments of .avowed militarists and
those satisfied with affairs as they
are.
The six points to be discussed to-
night are: (1) substantial reduction
of existing armaments; (2) no re-
armament; (3) immediate abolition
of air weapons including bombing and
poison gas, and abolition of all ag-
gressive weapons within a definite
period; (4) limitation of armaments
expenditure to prevent rivalry; (5)
effective supervsion of existing arms
and the arms industry; and (6) a
permanent organization to carry out
these provisions. The local commit-
tee, which is planning a series of
further addresses, will act as a co-
ordinating agency between the va-
rious groups in Ann Arbor interested
in internatonal affairs.
A full discussion from the floor will
be asked of those attending the meet-
ing, according to committee represen-
tatives.
"Nothing may come of the recon-
vening disarmament conference," ac-
cording to Prof. Thomas H. Reed of
the political science department, a
member of the committee in charge
of tonight's mass meeting. "It may,
as many people expect, break up
without result. But if so, something
will happen when the delegates get
home to their respective countries.
"The force behind disarmament is
the opinion of the people of a world
crushed beneath the cost of arma-
ments," he continued. "It will be set-
tled by the demand of the people,
not by the polite conversation of mil-
itary and naval experts and diplo-
matists. The issue of disarmament
ought to be taken from the realm of
technical discussion and met upon
the basis of the unalterable human
fact that competition in armaments
means destruction, not only poten-
tial but actual, of every country's re-
sources.

Chemist Inaugurated
As Harvard President
CAMBRIDGE, Mass. Oct. 9.-
() - Dr. James Bryant Conant,
internationally known chemist, to-
day was inaugurated as the
twenty-third president of Harvard
University at a simple ceremony.
Only a picked audience of 150
persons attended the shortest and
most unpretentious induction of a
Harvard chief executive since the
early days of the University. It
was in marked contrast with the
pomp and pageantry which at-
tended the induction of Dr. A.
Lawrence Lowell, nearly a quar-
ter of a century ago, when more
than 13,000, including dignitaries
from all parts of the world at-
tended.
Terms Drawn
For Literary
School Work
Professors Sharfman And
Boak On Committee For
Three Years Each
Prof. Arthur E. Boak and Prof. I.
L. Sharfman drew the two longest
terms, of three years each, on the
new executive committee of the lit-
erary college, it was announced yes-
terday.
The two second longest terms, of
two years eacli, which were drawn
from the lot, were picked by Prof.
William H. Hobbs of the geology de-
partment and Prof. DeWitt H. Park-
er of the philosophy department. The
last and shortest two terms of the
executive committee were drawn by
Prof. John W. Bradshaw of the
mathematics department, and Prof.
Jesse S. Reeves of the political sci-
ence department.
These six faculty men were named
by President Alexander G. Ruthven
after a list of nominations had been
presented to him by the faculty of
the literary college. The functions
of the committee are to assist Dean
Kraus in investigating and formu-
lating instructional policies to be
presented to the faculty, to act for
the college in affairs of the budget,
and to make appointments and pro-
motions.
Members of the committee may
not be reappointed to the body until
one year after the expiration of a
term. It is expected that this will
insure spreading out of the mem-
bership from term to term.
Joint Sponsors
Are Announced
For Glee Club
Professors Christian And
Moore Chosen To Assist
Women's Organization
Prof. Palmer Christian of the music
school and Prof. Earl V. Moore, head
of the music school and musical di-
rector of the May Festival, will spon-
sor the Women's Glee Club, it was
announced yesterday. They will as-
sist the temporary student director,
Margaret Martindale, '34SM, until a
permanent faculty director is chosen
to take the place vacated by Miss
Nora Crane Hunt's resignaton which
was tendered last spring. Miss Hunt
has been appointed an honorary pat-
roness.
Tryouts for membership in the
newly organized glee club will be held

Tuesday and Thursday from 3 until 5
p. m., Wednesday from 3 until 4 p. m.,
and Friday from 4 until 5 p. m. Pro-
fessors Christian and Moore will con-
duct the tryouts in the glee club
room of the League. An audition will
be necessary for all old members of
the organization who are still inter-
ested, as well as for women who wish
to participate in the club's work.
An extensive program of concerts
has been planned for the season, em-
phasis to be placed on local work in-
stead of outside engagements. A for-
mal concert at Thanksgiving, the tra-
ditional Christmas program, and sev-
eral appearances at Hill Auditorium
are scheduled for the group. Plans for
the spring season have not yet been
completed.
This year contemporary composi-
tions as well as well-known classical
numbers will be featured. Concerts at
Blissfield, Adrian, and a formal con-
cert at the League were'the highlights
of the 1932-33 season.
ALPHA NU OPENS SEASON
Alohai Nulwill on ~nits sncial fuc-

Over 500
Pledged,
NewHigh
Two Fraternities Fail To
Submit Preference Lists
Of Freshman Rushees
Fraternity Council
To Meet Tomorrow
To Consider Shortening
Of Rushing Period And
Breaking Of Pledges
A record class of 516 new students
were pledged to 48 fraternities last
night. This number was a decided in-
crease from last year's pledge class
of 400.
The classes which were pledged by
different houses varied in size from
one to twenty-three members, the
average for each house being nearly
11. Although there are no definite
figures, a greater number of soph-
omores and juniors pledged this year
than ever before, according to Joseph
A. Bursley, dean of students, from
whose office the lists were given out.
Three Without Pledges
Of the 53 houses which were elig-
ible to turn in preference lists, two
did not avail themselves of the priv-
ilege, while three houses failed to re-
ceive any pledges under the prefer-
ential pledge-list system which was
in effect this year.
As the rushing season ended, plans
for minor changes in the rushing
rules are under consideration by offi-
cials of the Interfraternty Council
and will be discussed at a meeting of
the council at 8 p. m. tomorrow in
the Union, according to Maxwell T.
Gail, '34, secretary-treasurer.
Recommendations which have
come to the attention of council offi-
cials include a proposal to shorten
the length of the rushing season, and
another to have the season open with
general open-houses by all fraterni-
ties in order to help both rushees and
houses pare down their" lists more
quickly.
Several Continue Rushing
Other considerations. which will
come before the delegates at the
meeting will be definite rulings on
the breaking of pledges. In response
to inquiries, Gail stated last night
that the custom was to prohibit
freshmen from pledging for three
months if they break their pledges
with a fraternity, although they may
pledge immediately if the fraternity
breaks their pledges for them.
Several houses will continue to
rush, it is understood, probably rais-
ing the total number of rushees by
more than 20 freshmen.
A list of the pledges which. were re-
ported yesterday from the office of
the dean of students, to which other
names have been added by houses
'which pledged additional men before
press time last night, is as follows:
ALPHA DELTA PHI
Frank Aikens, Richard Coombs,
Scott Garfield, Richard Hershey,
Howard Holmes, Donald Hutton,
Sanford Ladd, Homer Lathrop, Rich-
ard Oliver, Harold Sears, Jack Uhl,
William Widdicombe, Read Hartz.
ALPHA KAPPA LAMBDA
Harry Comins, Jarvis Dean, Taylor
Drysdale, Robert Ewell, Richard Mc-
Cleish, Walter Morrison, Larry Quinn,
Robert Reinhardt. James Winkworth.
ALPHA RHO CHI

Otto Kerschbaum, Henry Ruifrok,
Robert Space, Nicholas Vincent.
ALPHA SIGMA PHI
Lester D. Bartley, Eugene Deming,
Theodore F. Miller, Clarence D. Si-
monds, Grant W. Cheney, Ernest A.
Pederson, Jr., Robert Renner, William
Walbridge, Harold Hertz, John Luley,
Sherwood Nielson, Reginald Bushell.,
Otto Wolfe, Phillip Brice.
ALPHA TAU OMEGA
William Barney, William Burns,
Thomas Clarke, Arthur Cutler, Wil-
liam Fleming, Phillip Jacobs, Burton
Miller, Oscar Olsen, Donald Patter-
son, Elijah Poxson, Ralph E. Smalley.
BETA THETA PI
Francis Armstrong, Vincent Aug,
John Blackburn, Frederick Harris,
James Horiskey, Robert Howell, Ste-
wart Johnson, Thomas Mackey,
Thomas Oyler, John Seeley, Calvin
Stetson, Frederick Talcott, Luther
Thomas, Albert Darmstaetter.
CHI PHI
Wayne Andreae, George Andros,
John Barnett, Roswell Curtis, Neil

I

I

Full Assembly
To Confer On
Disarmament
Great Powers O p p o s e d
To Increased Strength
Of German Arms
GENEVA, Oct. 9. -(o)- The full
assembly of the World Disarmament
Conference will be resumed next
Monday as planned, the Steering
Committee decided today, buoyed up
by a statement of the German dele-
gate that his country desires an ac-
cord.
Before the vote was taken, Arthur
Henderson, president of the assem-
blage, warned that any postpone-
ment would lend weight to reports
that the nations had no intention to
bring forth a genuine pact. Such a
postponement, he continued, would
result in suspicion.
Following the decision, the com-
mittee adjourned until Saturday to
permiit conversations a m o n g the
delegates. Almost at once Dr. Ru-
dolf Nadolny, the chief Reich dele-
gate, and J o s e p h Paul-Boncour,
French foreign minister, got their
heads together, ending talk of a
deadlock.

Gus Winkler, Ganoster Head,
Is Murdered In Chicago Street

CHICAGO, Oct. 9-(P)-Gus Wink-
ler, affluent and sinister power in
the world of gangsters, was assassi-
nated today as his hand turned the
doorknob of a beer distributing de-
pot.
Three killers motored down a
North Side street in an old green
truck as Winkler strolled up to the
door.
The truck slowed down. Guns
were poked out, and a blast of buck-
shot poured into Winkler's back. He
fell, and the shotguns roared again.
Sixty-five wounds had been torn into
his body.
He lived just 40 minutes.
"You're dying," the police whis-
pered to him at John A. Murphy hos-
pital. "Who shot you?"
Winkler moaned for wateir, for a
clergyman; but he said no word
about his killers. It was rumored

his body, it became known that he
had been indicted in connection with
the postoffice robbery. Though a
coroner's jury held that he had com-
mitted suicide, some authorities ven-
tured an opinion that there was a
possibility that he had been slain.
Police sought to piece together a
complete picture of far-flung bond
and bank robberies, the loot of which
may have passed through a central
fence in Chicago as they investigated
the Winkler slaying.
Agent and past heir of the Al Ca-
pone underworld power, Winkler had
flashed into prominence in recent
years as a go-between for bank rob-
bers operating throughout the land.
Because of that reputation, Govern-
ment agents hunted him down a
fortnight ago to be questioned con-
cerning the Urschel kidnaping, the
search for Machine Gun George Kel-
lv_ anrd the kiilling o-f P oliema n, TMiles

Back to Top

© 2021 Regents of the University of Michigan