THE MICIHIGAN :DAILY

THE MICHIGAN DAILY

ment, as anyone who has seen the play in either
its stage or cinema version will tell you.
The central figure in the turmoil is Abby, the
maid of all work. She is the only one who ap-
C preciated Chris, and his greatest work is a por-

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Estabished 1890
Published every morning except Monday during the
University year and Summer Session by the Board in
Control of Student Publications.
Member of the Western Conference Editorial Association
and the Big Ten News Service.
5szodatM @oUle ite 'rss
- 1933 R~iIOAL r RAl)1934 z.
MEMBER OF THE ASSOCIATED PRESS
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for republication of all news dispathces credited to it or
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Reprsetatives: College Publications Representatives,
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Boylson Street, Boston; X12 North Michigan Avenue,
Chicago.
EDITORIAL STAFF
Telephone 4925
MANAGING EDITOR ..........THOMAS K. CONNELLAN
EDITORIAL DIRECTOR...............C. HART SCHAFF
CITY EDITOR....................BRACKLEY SHAW
SPORTS EDITOR...................ALBERT H. NEWMAN
WOMEN'S EDITOR.....................CAROL J. HANAN
NIGHT EDITORS: A. Ellis Ball, Ralph G. Coulter. Wil-
l1am G. Ferris, John G. Healey. E. Jerome Pettit, George
Van Veck, Guy M. Whipple, Jr.
SPORTS ASSISTANTS: Charles A. Baird, Donald R. Bird,
Arthur W. Carstens, Sidney Frankel, Roland L. Martin,
Marjori Western.
WOMEN'S ASSISTANTS: Barbara Bates, Eleanor Blum,
Lois Jotter, Marie Murphy, Margaret D. Phalan.
REPORTERS: Roy Alexander, John A. Babington, Ogden
G. Dwight, Paul J. Elliott, Courtney A. Evans, Ted R.
Evans, Bernard H. Pried, Thomas Groehn, Robert D.
Guthrie, Joseph L. Karpinski, Thomas H. Kleene, Rich-
ard E. Lorch, David G. MacDonald, Joel P. Newman,
Kenneth Parker, George I. Quimby, William R. Reed,
Robert S. Ruwitch, Robert J. St. Clair, Arthur S. Settle,
Marshall D. Silverman, A. B. Smith, Jr., Arthur M.
'd'Taub, Philip T. Van Zile.
WOMEN REPORTERS: Dorothy Gies, Jean Hanmer,
Florence Harper, Marie Held, Eleanor Johnson, Jose-
phine McLean, Marjorie Morrison, Sally Place, Rosalie
Resnick, Mary Robinson, Jane Schneider, Margaret
Spencer.-
BUSINESS STAFF
Telephone 2214
BUSINESS MANAGFER ..........W. GRAFTON SHARP
CREDIT MANAGER..........BERNARD E. SCHNACKE
WOMEN'S BUSINESS MANAGER ..........
.. ........... ...E........ .....MC HENRY
DEPARTMENT MANAGERS: Local Advertising, Fred Her-
trick; Classified Advertising, Russell Read; Advertising
Contracts, Jack Bellamy; Advertising Service, Robert
Ward; Accounts, Allen Knuusi; Circulation, Jack Ef-
roymson.
ASSISTANTS: Meigs Bartmess. Van Dunakin, Milton Kra-
mer, John Ogden, Bernard Rosenthal, Joe Rothbard,
James Spott, David Winkworth.
WOMEN'S i iS SS STAFF
Jane Bassett, Virginia.Bell, Winifred Bell, Mary Bursley,
Peggy ady, Ott% Clapza,, Pori 1a Daly, Jean ~ur-
Siam, Minna G ffen, Dor Gnmy, llie Griffiths, Janet
Jackson, Isabelle Kanter, Louise Krause, Margaret
Mustard,Nina Pollock, Elizabeth J. Simonds.
NIGHT EDITOR: GUY M. WHIPPLE, JR.
Promoters No Call
Themselves Bankers...
JOHN T. FLYNN, writing in the De-
cember Harpers, makes no bones
about the destructive forces of bank holding
companies. Describing the Detroit banking sit-
uation, he makes it abundantly clear that a chief
factor responsible for the sorry straits into which
the city has come was the operations of these
companies.
The most insidious characteristic of holding
companies is that the essential power by which
they expand is at the same time the power by
which they are able to disguise the pernicious part
of their activity. The two great holding companies
of Michigan -the Detroit Bankers Group and
the Guardian ,Detroit .Trust Group -embraced
so many affiliates that it was absolutely impossi-
ble for a bank examiner to follow their intra-
group transactions.
Thus A could organize an investment trust, sell
stock of affiliate B, who would borrow for .it from
affiliate C, who would borrow -from A. Se-
curities would rise. The public would invest. Part
of the money went into unsound construction,
everything from downtown theaters to outlying
real estate, the balance into the pockets of the
magicians who were pulling the strings. As far as
the investing and savings public was concerned,
it might as well have gone down the sewer.
The dark scene is relieved by one optimistic
fact: bank holding companies, like all other hold-
ing companies, owe their creation to the state.

The state and the state alone can charter them.
Thus an aroused public will have the machinery
at hand by which the evil may be checked.
By using this power to outlay the bank holding
company, as Mr. Flynn suggests, or by forcing its
activities into the light so that they may be regu-
lated, the public can enjoy a vital if new sort of
protection.
'We join Mr. Flynn in his statement that legis-
latures looking for constructive work might begin
here.
The Theatre
"THE Late Christofer Bean," Sidney Howard's
delightful modern comedy of art and avarice,
will be the second bill of the Bonstelle Civic
Theatre's new season in the Detroit Institute of
Ar_nvpnin 'rThursdav. Januarv 4.

trait of her which hangs in her room. She has
preserved it through the years as her dearest"
treasure. The Haggett family with the New York
agents exert feverish efforts to get it away from
her. Dr. Haggett, until that day a kindly country
doctor, is bewildered by the upheaval in his house-
hold, but gradually the spirit of greed catches
hold of him, and he joins in the frantic efforts
to exploit Abby.
Mr. Howard keenly relishes the humor of this
transformation, and permits Abby in a com-
pletely satisfying climax, to guilelessly outwit the
would-be tricksters.
Dorothy Raymond, previously seen in Detroit
in "The Jazz Singer" and "Street Scene," has the
wistfully sympathetic role of Abby. Carl Benton
Reed plays the bewildered doctor, Louise Hunt-
ington his penurious wife, Martha Ellen Scott and
Jackson Perkins their daughters, Ray Jones the
young house painter who studied with Chris, and
Hiram Sherman, Joseph Lazarovic and B. Iden
Payne the art critic and dealers who swoop on the
unsuspecting home of genius.
For his third bill Thomas Wood Stevens will
present Shakespeare's "All's Well That Ends
Well," which he has previously presented with
great success in Chicago and St. Louis.
Campus Opinion
Letters published in this column should not be Con-
strued as expressing the editorial opinion of The
Daily. Anonymous communications will be disrearded.
The names of communicants will, however, be re-
garded as confidential upon request. Contributors
are asked to be brief, confining themselves to less
than 300 words if possible.
MR. HESLER
DISAGREED WITH
To The Editor:
In the issue of December the ninth there was
an editorial, "Scottsboro Boys;" in the issue of
December the sixteenth an answer, "Michigan
Needs a Code of Honor," by a Harold P. Hesler.
Mr. Hesler, judging from his reply, is from the
south. One wonders if Mr. Hesler has followed
the Scottsboro case. If he has he must have
noticed that the complaining witnesses have
proved to be of the easily led, ignorant type; that
one of them has admitted that she was led into
accusing the boys by fear of her own arrest, and
that the women were of a questionable character.
He also would know that the United States Su-
preme Court and one of Alabama's own jurists
set aside the verdicts of the juries. One should
think that these facts would indicate that there
was possibly no honor to be protected; that
thinking southerners realize that the lads cannot
get a fair trial in Alabama; and that the country
and the world realize the same thing.
Regarding the comparison of the Washtenaw
County "torch murders" and the Scottsboro Case
- there is no comparison. In the Ann Arbor case
three men confessed to the crime. In the Scotts-
boro case no one confessed and other than the
statements made by the two girls (one of which
was retracted) land a young man, who is alleged
to have illicit relation with one of the girls,
there is no evidence of the crime. The young man
has further interests in the case in that he was
one of the boys who engaged in a fight with the
"Scottsboro Boys."
Mr. Hesler is right in thinking that states
should have a 'code of honor.' If he is a southern
man he knows that down there he does not see
many inter-raciau marriages. If he has lived in
the south he has seen thousands of brown, yellow,
and white Negroes. Where does he think these
came from? Many of them must have been the
product of 'inter-racial rape.' Does Mr. Hesler's
'code of honor' apply to this type of 'inter-racial
rape?' Does Alabama's?
The writer is forced to disagree with Mr. Hes-
ler in that it would seem that Alabama's treat-
ment of the Scottsboro Case is a multi-page ad-
tisement for the cleaning up of Alabama, rather
than a 'full page of advertising for lunching.'
Alabama should not 'parole the nine defend-
ants to the state of Michigan.' But should send
them to some state where their guilt or innocence
would be decided by the evidence and not by the
influence of minds that are soaked in prejudice.
It was encouraging to read that Mr. Hesler does
not consider a morning spent at an Alabama
hanging as much sport as an afternoon spent at
the Michigan stadium on the day of a big game.
An Irate Reader.

Screen Reflections
Four stars means extraordinary; three stars definitely
recommended; two stars, average; one star, inferior;
no stars, stay away from it.

there is a Miss Trevor who plays the part of a
secretary so well that sne should have been one
instead of an actress. Jimmy Dunn is his usual
blundering Irish self who takes up most of the
picture finding out that conceit is not a virtue.
There is a news reel, however. Happy New
Year!
-C.B.C.
NOTES ON
JEAN MUIR
By HUBBARD KEAVY
HOLLYWOOD, Jan. 3.-Jean Muir has been
accused of becoming "starry" and "high-hat."
But she easily and quickly can convince one
that these charges are baseless.
Jean Muir (Fullarton), with a brief amount of
stage experience before she came here six months
ago, has played parts in three pictures, leads. Her
success with Warners is the result of one of eight
(unsuccessful) tests made for M. G. M . One of the
tests, made with Franchot Tone, won him a con-
tract.
Some have described Jean as a "young Ann
Harding," which is an inadequate description. She
has medium blue eyes and long blond hair which
she ties up in a simple knot. Otherwise there is
little comparison.
Here is Jean's story:
"I am so intensely and eagerly desirous of mak-
ing good that I sometimes make 'suggestions,'
which never are well received. 'What do you know
about movies, child?' they ask. I wanted a line of
dialog changed because it didn't ring true to me.
Then I was accused of demanding 'star privileges.'
"I was even called up on the 'carpet' and told
by the 'big boss' that I was getting 'high-hat' and
that I'd better 'pipe down.' I replied that he was
mistaking ordinary intelligence for interference
with his methods. No-o-o, he didn't like that re-
mark."
Jean professes to be amazed that she is being
groomed for stardoom because: "First of all, I
am a most amateur actress; secondly, I am not
beautiful, and third, sex appeal is essential and I
haven't the teeniest-eeniest bit of it."
Should she attain stardom, Jean declares, she
will consider it the beginning, not the end nor
the goal of her life.
The average star lasts five years and Jean be-
lieves that what screen success brings in knowl-
edge and financial reward should be only in
preparation for" the 50 or more years I shall have
yet to live.
"Why grab the cheap delights of Hollywood,
living, as they say, while the living is good?" she
asks. "After all, five years is a short period in
one's life. I intend to make the most of my whole
life."
Editorial Comment
TAX EXEMPT
SECURITIES
Senator Ashurst of Arizona has long urged the
eliminatior of tax-exempt securities, as a measure
-of economic justice and as a means of stopping
tax avoidance. Like many others, however, he has
considered a constitutional amendment necessary
to bring about this reform, and not long ago pro-
posed a resolution to that effect sn the Senate.
After further study of the matter, however, Ash-
hurst announced recently that he no longer con-
sidered an amendment necessary, but would work
for passage of a law by Congress giving it power
to tax the income from Government, state and
municipal bonds.
The Arizona Senator thus concurs in the view
that the sixteenth, or income tax, amendment
means exactly what it says: "Congress shall have
the power to lay and collect taxes on incomes from
whatever sources 'derived." There have been in-
dications in past decisions that the Supreme Court
would uphold a law ending such tax exemptions,
in view of the unmistakable language of the
amendment.
Tax authorities have contended that the holes
in the income tax laws can never be completely
closed so long as the privilege of tax exemption
remains for these important classes of securities,
now totaling some 38 billions. Lower interest
rates, of course, partly compensate for the privi-
lege, but the upperbracket income groups save in
income tax far more than they lose in lower in-
terest by buying tax-exempt bonds. Estimates of
the annual loss to the Government range from

$240,000,000 to $750,000,000. Cordell Hull, now
Secretary of State, has said: "It is unwise to cre-
ate a class in this country which cannot be reach-
ed for tax purposes." Yet that is precisely what
we have been doing under our present system.
Senator Clark of Missouri, in a proposal amend-
ment to the Recovery Act in the special session,
sought to end this evil, but lost his fight, after
passage of the measure by the Senate, because
the conferees feared it would be unconstitutional.
We wish Senator Ashurst better success.
- St. Louis Post Dispatch
Colleglate Observer
By BUD BERNARD
Barnard College girls, it is officially reported,
are healthier than they were ten years ago. This
would seem to prove that too many drug store
lunches, and Columbia men near a college are not
necessarily bad for a girl.
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AT THE MAJESTIC
"THE WOMEN IN HIS LIFE"

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"JIMMY AND SALLY"

To start the new year the Majestic is giving
us this double feature, the first half of which stars
Otto Kruger, and the second, Jimmy Dunn. Pos-
sibly romance brought these two pictures together
on the same program, hoping that by adding a
two star picture to one of one star caliber, the re-
sult would be a three star program. However, the
mathematics of a critic does not work that way.
Instead, the average of these gives us a one and
and one half star show which takes nearly three
hours to be seen and which is not worth the
trouble unless you are up a tree as to what to do
with yourself.
"The Women in His Life" has a few points to
save it from complete failure, however, and these
are found mainly in the plot and in the novelty
which accompanies Otto Kruger's acting. His is a
new face on the screen, and his wry smile and
slender figure fit into the part of a criminal law-
yer who wins all his cases in court and who is
drunk most of the time. The reason for his in-

At the Intercollegiate Ball at the Univer-
sity of Mississippi a'group of co-eds, affiliated
with a well-known sorority; appeared in cel-
lophane gowns. (Don't get excited, their reg-
ular gowns were underneath.)
Such a plan would bolster the attendance
at the ball here Friday. Sort of freshen it up.
* * *
University of Utah men say that co-eds are
uninteresting, unintelligent, and expect nothing
but patter from their dates. Anyway they be-
lieve that all select women are mortgaged before

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