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. 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