THE MICHIGAN DAILY
ICY AT1TT T T LT
I i
in the Bulletin is constructive notice to all members of the
Copy received at the office of the Assistant to the President
11:30 a. m. Saturday.
1.
TUESDAY, OCTOBER 24, 1933
No. 261
Notices
e Members of the University
There will be a special meet-
the University Council on
y, October 26, at 4:15 p. m.
1009 Angell Hall.
Louis A. Hopkins.
Ford Exposition of Progress: The
students and faculty membeys of the
University are invited by the Ford
Motor Coxipafly to inspect the Ford
Exposition: Of Progress, at Conven-
tion Hall, ~ietrot, from October 21
to October 28, inclusive Sunday ex-
cepted, from 10 a. m. to 11 p. m. The
xposition, consists of a display of.
materials and methods of manufac-
turing showing the progress of the
last 30 years.
A. G. Ruthven.
Appointment of Counsellor to For-
eign Students: Foreign students in all
divisions of the University will be in-
terestedto note the appointment of a
Counsellor who will assist them in
their individual or group problems.
The new office, Room 1004 Angell
Hall, will be open from 1:30 to 5:30
daily except Saturdays, and Professor
Nelson will be in the office himself
for conferences from 4:00 to 5:30.
A. G. Ruthven.
Undergraduate Students of the
College of Literature, Science and the
Arts, wishing to become candidates
for a University Scholarship may ob-
tain blank applications in the office
of the Dean of the College of Lit-
erature, Science and the Arts, Room
1210 Angell Hall. There are three
Mandelbaum Scholarships open to
men only. There will be some Marsh
Scholarships open to all literary stu-
dents. The blanks must be filled out
and returned not later than Novem-
ber 11. No applications made after
that date will receive consideration.
The awards will be made about De-
cember 1.
F. E. Bartell,
Chairman, Scholarship
Committee.
Women Students Attending The
Chicago-Michigan Game: Women
students wishing to attend the Chi-
cago-Michigan football game are re-
quired to register in the Office of the
Dean of Women.
A letter of permission from parents
must be received in the Dean of
Woment, office not later than Thurs-
day, October 26th. If a student wishes
to go otherwise than by train, spe-
cial permission for such mode of
travel must be included in the par-
ent's letter.
'raduate women also are invited
to register in the office.
Byrl Fox Bacher,
Asst. Dean of Women
.Instructors of Freshmen, College of
Literature, Science, and the Arts: All
instructors are requested to send
their "Freshman Report Cards" to
Room 4, University Hall, not later
that Saturday, October 28.
W. R. Humphreys.
Faculty Directory, 1933-34: The
Editorial Office of the Registrar's Of-
fice wishes to announce that copies
of the Faculty Directory for 1933-34
are being mailed to the residence ad-
dresses of the members of the Fac-
ulty. By October 24, copies of the
Directory for general distribution will
be available at the Secretary's office,
Room 3, University Hall.
Phillips Scholarship: The competi-
tive exmination for the Phillips
Scholarship award will be held Sat-
urday, October 28, at 9 a. in., in
Room e 2014, Angell Hall. Freshmen
only are eligible. Those wishing to
compete should give their names and
addresses to either of the under-
signed on or before October 24.
A. R. Critenden, 2026 A.H.
W. E. Blake, 2024 A.H.
^ Choral Union Concert Notes-Bos-
ton Symphony Orchestra: Holders of
season tickets are requested to de-
tach and present for admission, cou-
pon No. 1.
Subscribers who have not yet called
for their tickets are requested to do
so at once to avoid last minute con-
gestion at the Box Office.
Under the direction of the Ann Ar-
bor Police Department, traffic reg-
ulations will be enforced.
Concert goers are requested to come
sufficiently early so as to park their
cars and be seated on time as the
doors will be closed during numbers.
Program will be given at 8:15, Tues-
day evening, October 24.
Interclass Hockey: The names of
the people on the class squads will be
posted Tuesday morning, October 24,
at Palmer Field House. The prelim-
inary hockey games are:
Tuesday, October 24:
Sophomore II vs. Freshman III.
Senior I vs. Sophomore I.
Junior I vs. Freshman II.
Thursday, October 26:
Sophomore II vs. Univ. High School
Seniors I vs. Ann Arbor Hockey
Club.
Juniors I vs. Freshman I.
Tuesday, October 31:
Sophomore I vs. Freshman I.
Freshman II vs. Freshman III.
Open hockey (all others).
Uncle Tom's Cabin: The Box Office
of Lydia Mendelssohn Theatre is
open for tickets today from 12 noon
to 6 p. m. Beginning tomorrow it will
be open from 10 a. m. to 9 p. m. daily.
Tickets will be reserved by calling
6300.
the Union, at 6:15. All members are
urged to be present.
Michigan Technic: Important staff
meeting in Room 3046, East Engi-
neering Building, 7:30 p. m.
Michigan Dames: All Dames in-
terested in playing bridge are invited
to attend the first meeting of the
bridge group this evening at the
Michigan League. As it is not an in-
struction class, there will be no fee.
Play will begin at 8:00 p. m. sharp.
Beginners' Class in Horseback Rid-
ing meet at the North University en-
trance of the Michigan League at
8:00 p. m., for transportation to Fair-
ground Stables.
Rugged individualist Wfiggin With Pecora
Varsity Glee Club: The following'
list contains the names of men who
have been selected for the Varsity
Glee Club, pending eligibility:
R. A. Balmer, J. Bauchat, R. E.
Beal, R. P. Bennett, D. Bird, H. P.
Brown, W. D. Brown, R. A. Bunce,
E. R. Burn, E. L. Cataline, R. M. Claf-
lin, G. Claussen, A. Cleneay, M. R.
Collins, J. Conlin, P. Crawford, D. E.
Cullati, C. A. Deline, J. P. Dubrousky,
R. W. Duncan, O. Dwight, W. M.
Eggebrecht, L. C. Fay, C. J. Fibiger,
H. Goldworthy, R. W. Harris, H. M.
Houseman, F. Johnson, N. Katzman,
R. L. Kimball, J. Kitchen, M. J. Klein,
H. F. Klute, S. D. Knox, B. E. Konop-
ka, I. Kunin, C. C. Lemert, C. Light,
T. McDonald, R. V. Matthews, W.
Mayo, S. A. Messner, C. Moore, L.
Moury, G. H. Palmer, M. R. Porter,
L. Quinn, R. D. Ramirez, P. D. Rob-
inson, S. W. Rolph, R. Runo, M. A.
Ryan, G. R. Severy, R. H. Shaff-
master, R. M. Stewart, H. T. Straw,
J. Strayer, C. Teaboldt, H. Under-
wood, A. M. Walker, J. D. Walp, F.
R. Wenger, R. Zahnow.
University Men and Women: Thel
beginning class in social dancing will
not meet tonight. The next meeting
of the class will be October 31.
Academic Notices
Preliminary Examinations for the
Ph.D. Degree in English will be given
in the following order:
Oct. 28--Literature of the Eighteenth
Century.
Nov. 4-Literature of the Renais-
sance.
Nov. 11-Medieval Literature.
Nov. 18-Criticism.
Nov. 25-American Literature.
Dec. 2-Linguistics.
Lectures
University Lecture: Thursday, Oc-
tober 26, 4:15 p. m., Natural Science
Auditorium. Professor Heber D. Cur-
tis, Director of the University Ob-
servatories, will speak on "Aspects of
Modern Astronomy" (illustrated with
lantern slides).
The public is cordially invited.
University Lecture: Dr. Alfred Zim-
mern, Professor of International Re-
lations in Oxford University, Eng-
land, will lecture on the subject "A
Policy for the Disarmament Confer-
ence" on Monday, October 30, at 4:15
p. m. in the Natural Science Audito-
rium. The public is cordially invited.
Events Today
Freshmen and others interested in
speech activities and in trying out
for Alpha Nu membership are in-
vited to the tryout meeting at 7:30
p. m. in the Alpha Nu room, fourth
floor Angell Hall. Program will con-
sist of three to five minute talks by
applicants for membership on sub-
jects of their own choosing.
Tau Beta Pi: Dinner meeting at{
Christian Science Organization
meets at 8 o'clock this evening in the
Chapel of the Michigan League
Building. All faculty and students in-
terested are invited to attend.
National Student League: Meeting
in the Michigan Union at 8:00 p. m.
Everyone welcome.
Coming Events
Adephi House of Representatives
will hold an open forum on the var-
sity debate question: "Resolved: that
the Constitution should be amended
so as to make permanent the powers
of the President as of July 1, 1933,"
at 7:30 p. m. on Wednesday in the
Adelphi room, fourth floor of An-
gell Hall. The discussion will be led
by Lawrence E. Hartwig, former Var-
sity debater and speaker of the house.
Try-out speeches by those interested
in membership will be heard after
the open forum. Applicants be pre-
pared to give a short talk on a sub-
ject of your own choosing. Notice
that the meeting this week is Wed-
nesday. The public is cordially in-
vited.
Iota Alpha: The first meeting ofk
the year will be held Thursday, Oc-
tober 26, at 7:30 p. m. in Room 3201
E. Eng. Bldg. Mr. M. Seaton, of the
General Motors Corporation, will ad-
dress the group on "Graphical Pres-
entation of Statistical Information."
All graduate students in engineering
are cordially invited to attend.
Scabbard and Blade: Fall rushing
smoker Wednesday, Oct. 25, 7:30
p. in., at room posted, Michigan
Union. Uniform is required.
Deutscher Zirkel: Meeting Wednes-
day, Oct. 25 at 8 p. m., Michigan
League. Mr. Werner F. Striedieck will
speak on: Eindruecke von Deutsch-
land in Sommer 1933.
Luncheon for Graduate Students:
Wednesday, Oct. 25, in the Russian
Tea Room, Michigan League. Cafe-
tera service. Bring tray across hall.
Mr. Robert Briggs of the Economics
Department, will discuss informally
the national recovery program and
the NRA.
Varsity Glee Club: Very important
special rehearsal Wednesday at 7:15
p. in. at the Union for the Adrian
concert. Music will be assigned and
dues will be collected.
Freshmen Girl's Glee Club Tryouts
will. be held on Wednesday, October
26, from 2 to 4 o'clock in the League
Building.
Faculty Women's Club: There will
be an opening reception on Thurs-
day, October 26, at 3 p. m. in the
Michigan League Ballroom.
'M' Club Holds Meeting
For Election Of Officers
In connection with the Homecom-
ing celebration last Saturday, mem-
bers of the Varsity "M" Club. held
their annual business meeting and
luncheon at the Union. More than
60 were in attendance at the ses-
sion. Besides the long business meet-
ing, the members held their annual
election of officers. Douglas Roby
was elected to fill the presidency for
the coming year, while Homer Heath
was re-elected to the position of sec-
retary-treasurer.
The five vice-presidents chosen
were Victor R. Pattengill, of Lans-
ing, former president, for football;
Regent Edmund C. Shields, of Lans-
ing, for baseball; Walter T. Fishleigh,
of Detroit, for track; Timothy F.
Hewlett, of Detroit, for track; and
Fred Fenske, of Bay City, for all
other sports.
I
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line) for one or two insertions.
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Minimum 3 lines per insertion.
Telephone rate-15c per reading line
for one or two insertions.
14c per reading line for three or more,
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10% discount if paid within ten days
from the date of last insertion.
Minimum three lines per insertion.
By contract, per line-2 lines daily, one
month.............8
4 lines E.L.. 2 months.......... 3e
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capital letters.
The above rates are for 7%2 point
WANTED
WANTED: Four or five passengers
to Chicago. Leaving Friday. Phone
2-1285. Extremely reasonable cost.
Ford V8. 121
-Associated Press Photo
Albert H. Wiggin (left), former chairman of the board of the Chase
National Bank of New York, is shown in Washington chatting with Wil-
liam Dean Embree (center), attorney for W. W. Aldrich, and Ferdinand
Pecora (right), investigator for the Senate Banking Committee studying
stock market prices.
Plan ForManaoed Curreny
sEie
Is Xp alne ly ro., V t 1RS
(Continued from Page 1)
Mr. Keynes has proposed that the
task of management be entrusted to
the central bank and the treasury,
and that gold be reduced to a sub-
ordinate position in the monetary
system.
"Under this plan if general prices'
should fall, the central bank (the'
Bank of England or the Federal Re-
serve Banks, for instance) would re-
duce the rate charged on loans in an
endeavor to stimulate borrowing and
credit expansion on the part of com-~
mercial banks.
"It would also purchase securities
on the open market so as to release
reserves to the commercial banks di-
rectly, in the attempt to stimulate a
revival of lending.
"These operations would no longer
be limited by the size of the central
bank's gold reserve. Whereas under
the gold standard gold is bought and
sold at fixed prices and the credit
policy of a central bank is in part
dictated by the size of its gold re-
serves, under the Keynes plan the
central bank would buy and sell gold
at prices varying with economic con-
ditions.
"If the general price level were
falling the central bank or the treas-
ury would increase the buying price
for gold in the endeavor to attract
gold to the country, so as to promote
a rise of prices. If the price level
were rising, opposite steps would be
taken to check the movement..
"Gold would continue to be used
as the international money, but it
would no longer govern directly the
general level of prices in a country
operating on this plan, or tie up di-
rectly the price level of one country
with that of another as the gold
standard does. There would be no
gold coins or fixed redemption of
other moneys under this plan.
"Mr. Keynes believes that while
the gold standard gives stable rela-
tionships on the foreign exchange -
that is, between dollars, francs,
pounds, etc.- it has failed to pre-
serve stable purchasing power in
terms of commodities and services.
"He proposes, by cutting loose from
gold, to provide greater flexibility in
management. This he thinks would
achieve a more stable price level at
the expense of somewhat greater in-
stability of the foreign exchanges.
Insofar as internal and external sta-
bility are incompatible, he thinks the
decision should be in favor of the
former.
"One may criticize Mr. Keynes'
plan on the ground, among others,
that various countries have aban-
doned gold and that the Federal
Reserve Banks in part have reduced
their rediscount rates and have en-
gaged in heavy open market pur-
chases of securities without achieving
recovery.,
"But advocates of his plan reply
that these actions were not taken
soon enough or vigorously enough
to accomplish the objective. Mr.
Keynes admits that a point may be
reached in depressions where cen-
tral bank action is no longer effec-
tive as a stimulus to recovery.
"In that event," Professor Watkins
said, "the only effective action coh-
sists in a vigorous public works pro-
gram designed to increase employ-
ment and promote long-term invest-
ment and rising prices."
O.S.U. Game Exacts
Justice Court Toll
Approximately $400 in fines and
court costs was paid in Justice Court
Saturday night and yesterday morn-
ing by local and out-of-town residents
who indulged in too much celebration
at the Ohio State game. Ten men
were fined for jumping the fence.
Twenty-three were held on drunk and
disorderly charges, and four on dis-
orderly charges alone. Two men
dropped dead in the Stadium and one
woman died in front of the General
Library Saturday afternoon.
Four children and one woman were
reported missing Saturday night, and
nine automobile accidents were re-
ported in the city.
Announce Registration
Plans For Chicago Game
Plans for registration of Michigan
alumni at Chicago next week-end
were announced yesterday afternoon
by T. Hawley Tapping, general sec-
retary of the Alumni Association.
All graduates and students are re-
quested to identify themselves at the
booth which will be open all Sat-
urday morning at the new Winde-
mere East Hotel on 53rd Street,
where both the Varsity band and
'squad will stay.
LAUNDRY
LAUNDRY 2-1044. Sox darned.
Careful work at low price. 4x
WE DO your laundry work for one-
half the usual price. Phone 2-3739.
8x
STUDENTS' and family laundry.
Free delivery, 1309.N. Main. Phone
3006. lox
PERSONAL laundry service. We take
individual interest in the laundry
problems of our customers. Girls'
silks, wools, and fine fabrics guar-
anteed. Men's shirts our specialty.
Call for and deliver. 23478, 5594.
611 E. Hoover. 9x
STUDENT and Family Laundry.
Good soft water. Will call for and
deliver. Telephone 4863. 3x
TAXICABS
TAXI-Phone 9000. Seven-passenger
cars. Only standard rates. 1x
Athletics Managers Hold
Annual Session At Union
WANTED TO BUY MEN'S OLD AND
new suits ana overcoats. Will pay
3, 4, 5, and 8, 9 dollars. Phone Ann
Arbor, 4306, Chicago Buyer. 5x
NOTICE
BLUE BIRD BOOK WORK. Latest
books, clean covers. 5c day. Uni-
versity Music House. 6x
ARCADE CAB. Dial 6116. Large com-
fortable cabs. Standard rates.
2x
LIRETTE'S shampoo and finger wave
75c every day. Dial 3083. 103
LOST
LOST-Rhinestone bracelet at Union,
Saturday night. Return to Union
desk. Reward. 123
LOST Saturday evening a red silk
belt white trim, rhinestone buckel.
Finder please phone 6654. 122
More than 20 were in attendance
at the annual business meeting and
luncheon of the Michigan Athletics
Managers Club held Saturday noon
before the Homecoming football
game in the main floor private din-
ing room of the Union.
Included in the report of the of-
ficers was a statement on the clubs'
loan fund, which has been built up
by annual gifts of the organization
to a .total of $1,450. The members
passed a resolution to take another
$150 from the treasury for the fund.
All incumbent officers were re-
elected in a vote that resulted in
Charles E. Hayes, '05E, Harold H.
Emmons, '35L, and T. Hawley Tap-
ping being named president, vice-
president, and secretary-treasurer,
respectively.
Under an absolutist regime teach-
ers lose their freedom and education
becomes a mere tool in the hands of
the dictator. The dictator depends
not on discussion but on concussion.
- The Schoolmaster.
WATCH OUR WINDOW
for a
Sensational Announcement
302South State Street
LOST: Signet ring in third floor
Library lavatory. Thursday. Re-
ward. Call 9806. 120
Sound Foundations--
It is the constant practice of the sound
foundations upon which this bank was
formed that makes it one of the out-
standing financial institutions in Ann
Arbor today.
Banking Hours: 9 a.m.-3 p.m. (except Saturdays)
Saturday 9 a.m.-- 12:30 p.m.
FA R R
& MECHANICS BANK
Member Federal Reserve System
Main at Huron
State at the Arcade
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MICHIGAN
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fill TAC O - A
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WE ARE GENUINE HATTERS
We manufacture new hats and retail them as low as
$2.45, $2.95 and $3.50. we also make hats to order and do
high class work in cleaning and blocking hats as low as 50
cents for genuine hen 4 work.
FACTORY HAT STORE
w. W. Mann 617 Packard Street (Near State)
I El,
Matinees 15c
Nights 25c
Today
CHICAGO.
AND RETURN
COACHES ONLY
SATURDAY, OCTOBER 28
see the
FOOTBALL GAME
BETTY COMPSON
"NOTORIOUS
BUT NI CE"e
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Tomorrow
2 FIRST-RUN!
FEATURES
LEW CODY in
and the
WO"RL 'SFAIR
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