1, JAN. 23, 1938
THE MICHIGAN DAILY
Hoover Names
Fear A Factor'
In Recession'
Cut Federal Spending And
Over - Large Inventories
Seen As Vital Causes
Viennese Develops Cancer Aid'
'The Awful Truth' Sets
New Admission Record
Author To Give
SIllustrated Talk
(Continued from Page 1)
forced to assume the burden, Profes-
sor Hoover believes, and the govern-
ment's effort to balance the budget!
may have resulted in throwing this
burden on business prematurely. In
a program of artificial stimulation
to recovery, he stressed, the tapering-
off process has to be carefully planned
and judged at the right time.
The psychology of business men
and industrialists has been an im-
portant factor in the recession, Pro-
fessor Hoover declared, because the
psychology of optimism that brought
the accumulation of the large inven-
tories has changed rapidly to one of
uncertainty and fear. This is due
probably to experiences in the last
depression, which are still vividly re-
membered.
Taxes, wage increases, and the huge
goveimment deficit have added to this
psychology of uncertainty, he added,
as well as the bewilderment of bus-
iness in the face of new Federal legis-
lation and regulation. As expansion
of activity to the indivdual business
man must be largely a matter of this
feeling about the future, the duration
of the present recession will to a
large extent depend on the psycholog-
ical factors.
Statistics show that the decline in
industrial output since September has
been one of the most rapid ever re-
corded, Professor Hoover pointed out.
Industrial production is estimated to
have fallen almost 31 per cent below
normal for November, and 34 per cent
for December.
Most of this shrinkage has taken
place in the durable goods industries,
especially in the production of auto-
mobiles, steel, machinery, glass and
lumber, The agricultural and pe-
troleum industries, on the other hand,
have been only slightly affected.
RAYMOND
ROY
P1OTOGRAPM-4Y
A lot of good can come from "The
Awful Truth," Michigan Theatre
Manager Gerald H. Hoag is con- Land Of Midnight Twilight
vinced. Is To ic On March 2
The picture of that name co- -
starring Irene Dunne and Cary Grant Ben East, well-known outdoor writ-
set a new all-time record for paid er, will speak here the evening of
admissions._March 2 under the auspices of the
School of Forestry and Conservation,
SC t 5it was announced yesterday. His topic
will be "Land of Midnight Twilight."
Are Varied Today East's talk is based upon a trip he
made last summer to the distant
Hudson and James Bay region. It will
(Continued from Page i) be illustrated with motion pictures.
- He will also speak here on Feb. 28,
I ver of the English department who when he appears before the Kiwanis
will discuss the question "Is Chris-
club and on March 2, when he will
tianity a Workable Scheme?" address the Rotary club.
The Twilight service of the Uni-
'tnrn i ° irh o m ilI ,
Children's Theatre Group Will Return
The Clare Tree Major children's School, it was announced yesterday.
theatre company of New York will Brought here under the auspices of
return to Ann Arbor on Jan, 31 for the local branch of the Association
the second time within a year to pre- of Childhood Education, the group
sent "The Nuremberg Stove" in Pat- will present a drama based upon a
tengill auditorium of Ann Arbor High children's story by Ouida.
I ____
i
;
An "electron ball" for
a Viennese scientist, Anton
is a sort of cannon, designed
cancer treatment has been developed by
Seemann (above), who says that the ball
to hurl electrons at the patient.
EVENING RADIO PROGRAMS
I
carian Churcnat P .m. will be con-
ducted by a guest speaker, Rabbi
Bernard Heller, director of the Hillel
Foundation, who will discuss "An-
cient Caesarism and Contemporary
Fascism."
Jr Here
CERCLE FRANCAIS TO MEET
Members of theCercle Francais are
requested to meet at 5:15 p.m. to-
morrow at Dey's studio to have pic-
tures taken.
.
wwJ
P.M.
6:00-Ty Tyson.
6:15-Dnner Music.
6 :30-Press Radio News.
6 :45-Religi on in the News.
7 :00-Kalter.meyer's Kindergarten.
7 '30-Georges Miquelle.
7:45-Sport Review.
8 :00-Believe It Or Not.
8:30--Jack Haley.
9:00-Dance Music.
9:30-Special Delivery.
10:00-NBC Symphony Orch.
11:30-Dance Music.
12:00-Dance Music.
WXYZ
P.M.
6:00-Day in Review.
6:15-Mark Weber Orch.
6:30-Harold Nagel Orch.
7:00-Message of Israel.
7:30-Town Talk.
7 :45-Sandlotters.
8:00-Harry Lewis Orch.
8:30--Larry Funk Orch.
8:45-Victor Arden.
9:00-National Barn Dance.
10:00-NBC Syphony Orch.
11:30-Dance Music.
12 :00-Graystone.
12:30-Dance Music
CKLW
P.M.
6:00-Turf Reporter.
6 :15-Harold Turner.
6:30-Vincent York Orch.
7:00--Sportscast.
's the
"DIPLOMA" GIFT
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The Michigan Daily Classified Ads.
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THE RANDALL
TRAVEL SERVICE
Announces
With Pride Its
II
1938
DOUBLE-A
EUROPEAN
TOURS
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Limited Num-ber in Each Tour
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SCANDINAVIAN
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Personally Directed by
And
in
MUSIC TOUR
TRAVELING SEMINAR
MUSIC LITERATURE
Personally Directed by
ART and
ARCHITECTURE
TOUR
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MOTORCOACH
TOUR
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III
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5 COUNTRIES - 41 DAYS
$46500
PROF. KARL LITZENBERG
3 COUNTRIES - 48 DAYS
$6850
NORWAY - SWEDEN
DENMARK
Featuring the Norwegian Fjords,
Swedish Lakes, Gota Cana and
Rural Denmark, as well as the
Principal Cities
PROF. PALMER CHRISTIAN
9 COUNTRIES - 64 DAYS
$97500
ITALY - HUNGARY
AUSTRIA - GERMANY
SWITZERLAND - BELGIUM
FRANCE - ENGLAND
SCOTLAND
Featuring the Music Festivals
of Salzburg, Munich, and
and Bayreuth
PROF. RALPH A. HAMMETT
7 COUNTRIES - 62 DAYS
$80000
ENGLAND - HOLLAND
BELGIUM - GERMANY
ITALY - SWITZERLAND
FRANCE
Featuring the Principal Art
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Fcaturing Bicycling along the
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LESLIE W. KINDRED
6 COUNTRIES - 56 DAYS
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Featuring Rural England,
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