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 CLASSIFIED DLI ;'I mu l~ 1 I= CLSIFIED ADVERTISING Place advertisements with Classified Advertising Department. Phone 2-1214. The classified columns close at five o'clockprevious to day of insertion. Box numbers may be secured at no extra charge.. Cash in advance Ie per reading line (on basis of .five average words to line) for one or two insertions. 10c per reading line for three or more insertions. Minimum 3 lines per insertion. Telephone rate-15c per reading line for one or two insertions. 14c per reading line for three or more, insertions. 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 2 linesdaily, college year......7C 4 lines E. O. D., college year.......76 100 lines, used as desired....... ,00 lines used as desired.......c.. 1,00 lines 'used as desired ...... .7o 1,0 ie sda eie,..,2,00 lines used as. desired,.......6c The above rates are per reading line, based on eight reading lines per inch. Ionic type, upper and lower case. Add 6e per lineuto aboverates for all capital letters. Add 6c per line to above for b'old face, upper and lower case. Add 10c per line to above rates for bold face 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 Ii iii MICHIGAN i +f fill TAC O - A Iii~; ~. im;;;;i;WW 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 fl Tomorrow 2 FIRST-RUN! FEATURES LEW CODY in and the WO"RL 'SFAIR 1111 W-1-l mm NN M ;#hIPkSf AAM V irliLii1111 i -- -- - -A- - w 4