THE MICHIGAN DAILY

WEDNESDAY, MAY 24, 1919



THE MICHIGAN DAILY

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Edited and managed by students of the University of
Michigan under the authority of the Board in Control of
Student Publications.
Published every morning except Monday during the
University year and Sumni -r Session.
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Entered at the Post Office at Ann Arbor, Michigan, as
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Editorial Staff

Literature. In The High School: Value
Of Classic, Modern Readings Debat
,'By JOSEPH GIES however much of stylistic merit they may
Professor Howard Mumford Jones, in an essay tain, cannot be read as living literature by
written for The English Leaflet last June and school students. For a few examples culled
reprinted in Dean Walter's Essay Annual, dis- my own memory I may cite Chaucer, Golds
cusses a question which has been knocked around Cowper, Bacon, Hazlitt, Carlyle, Newman, A
a great deal in academic circles in recent years. Dryden, and above -all Milton and Spenser.
Professor Jones entitles his remarks "TUe Place I submit that the writings of these men
of the Humanities in American Education." What most of the others which furnish the ma
it comes down to mainly is a discussion of what for high school English courses are merely b
we should teach in high school English courses. to boys and girls of 14 to 17, and when ad
Professor Jones defends the classical con- istered in standard doses of one to three
cept of English-teaching: instruction in the periods and study hours are of little benef
great masterpieces of English literature. He does deed in developing a love and a taste for l1
this largely in a negative way, by being sarcastic ture.
at the expense of "progressive" educators who The fundamental function of literatur
wish to teach contemporary literature in high schools, to my mind, should be the same as
school. He quotes from The English Journal: anywhere else, namely, the interpretation o
"Today there are a score of progressive This is where the moderns come in; for
schools where wide freedom to read where if we grant that Faulkner is a bit violent for
and when they wish from the literature of school children, I think even he is preferab
today is the program of all classes. The the zero represented by most of the cla
ghosts of the older classics still move among Modern writers (don't anyone bring up
us, but the sturdy push of the contemporary Joyce) speak an idiom American school chi
reduces their pale ranks in every anthology can understand. But more important than
and course of study that issues from the they discuss the problems, personal and s
presses. Soon only those ancients 'stuck fast which modern school children are going to
in yesterday' and the ever-present Philis- to face.
tines will prescribe forced reading in a Professor Jones replies to this line of a
dead culture." on the part of the "progressives" by ass
Comments Professor Jones: "The spectacle of first, that we can only comprehend the prob
the pale ghost of Hamlet, stuck fast in the yes- of today in the light of the knowledge o
terday of a dead culture, escorted off the literary past, and second, that an education strict
stage by a chorus of Philistines, in order that terms of contemporaneous questions is c
high school pupils may devote themselves to the to be out-of-date in a few years. "There is a
novels of Mr. Faulkner, is one of those things difference," he says, "between giving the sci
that make the angels weep." It seems to me that and social studies an important part in the
Professor Jones is reading between the lines a cational process, and turning our schools
little freely to interpret "dead culture" as mean- ideational training camps for the suppos
ing Shakespeare. Indeed, I doubt if one could society of the future."
find a single English teacher, however progres- This, I think, fails to meet the issue squ
sive, who would wish to remove Shakespeare What we must do with our whole ed.cat
from the curriculum at a blow, much less one system is obviously train students to I
who would like to substitute Faulkner. Every educator will subscribe to this. The
What progressive educators are opposed to is question then, is whether we best stimulate t
not the teaching of Shakespeare, or for that ing by offering stanzas from The Faerie Q
matter, any of the classics, in the public schools; and portions of Samson Agonistes or by l
it is the concept of literary education as a com- students select their own reading, in accord
posite of a multitude of selections from an army with the "progressive" fokmula, largely frog
of writers which are necessarily too brief and best of conemporary literature. Professor J
too- various to offer a great deal of value. This incidentally, is guilty in his essay*of a r
concept derives from the belief that in order to shady trick of writing; he says, of the tea
be educated, one must know the names, titles of of the humanities; that "because the job is(
works and perhaps one or two central ideas or cult, we are not justified in avoiding it. I
bits of biographical data of all the great writers vocabulary of Shakespeare is hard to under
of the past, or as many as can be crammed into we are not therefore permitted to take refu
a semester's reading. the Saturday Evening Post. I have yett
As for "ghosts," I think the English Journal shown why, because he is living in the twen
simply referred to those, writers whose works, century, Mr. Dale Carnegie is a more stimul

ed
con-
high
from
mith,
rnold,
and
terial
oring
dmin-
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it in-
itera-.
e in
s it is
f life.
even
high
ble to
assics.
Mr.
ldrenr
this,w
social,
have
attack
erting
blems
f the'
tly ini
ertain
vast
ences
edu-
into
itious
arely.
tional
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hink-
Queen
etting
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ather
ching
diffi-
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uge in
to be
ntieth
lating

Managing Editor . .
City Editor . . .
Editorial Director . .
Associate Editor ,
Associate Editor . . .
Associate Editor . .
Associate Editor. .
Associate Editor . .
Sports Editor. . .
Women's Editor . .
Business Staff
Business Manager .
Credits Manager .
Women's Business Manager
Women's Advertising Manager.
Publication Manager .

. Carl Petersen
Stan M. Swinton
Elliott Maraniss
Jack Canavan
Dennis Flanagan
Morton Linder
Norman Schorr
Ethel Norberg
Mel Fineberg
Ann Vicary
Paul R. Park
Ganson Taggart
Zenovia Skoratko
Jane Mowers
Harriet Levy

NIGHT EDITOR: ROBERT W. BOGLE
The editorials published in The Michigan
Daily are written by members of the Daiy
staff and represent the views of the writera
only.
Good Neighborliness
An dForeign Trade ..
RESIDENT ROOSEVELT'S Goo
P Neighbor Policy. toward Latin
America is meeting rebuffs fromt a dozen sources.
There is a growing mass of evidence that our
Southern neighbors will be frindly only for a
price, and that some Americans are not too
sure they want to pay for neighborliness.
The corned beef controversy is the latest
threat to the good-natured smile we are turning
southward. Our trade with Argentina dropped
from $115,000,000 to $25,000,000 during the first
eight months of 1938, and, as a stimulant, Presi-
dent Roosevelt ordered for the Navy 48,000
pounds of Argentina canned meat-about one
day's supply for the- sailors. The measure so riled
Western cattlemen and Congressmen that they
may stymie the naval supply bill until the affront
to the American cow is stricken out.
The President based his argument on cold
figures. It would cost $11,040 to buy American-
packed corned beef. Argentine packers will sell it
here for a net of $4,320 to the Government. He
also explained that only the lower grades of
American beef is canned, while Argentine pack-
ers, lacking markets for all their choice beef,
can some of it. ,
Perhaps the stormiest waters good-neighbor-
liness has met has been the Mexican seizure of
the properties of 17 American oil companies last
year. An America that once would have sent a.
Pershing to the rescue this time chose to limit
itself to business-like appeals for negotiation; and
the Government's attempts to foster American
solidarity were given a great boost.
The Mexican question may yet endanger our
friendly attitude, althouh a fair settlement ap-
pears in the offing. The negotiations have reached
the point where the American companies are
willing to enter a long-term contract of approx-
imately 50 years under which they would operate
the properties and make investments for develop-
ment At the end of the period the title to the
properties would go to the Mexican government.
The horde of Latin-American dignitaries who
are treking to Washington day-by-day has been
likened to a swarm'of bees around a jar of nectar.
Nicaragua's President Anastasio Somoza was
feitbd'at the capital last week and secured $5,000,-
000 for building Nicaraguan roads. A pro-United
States policy has already won Brazil large credits,
and the Brazilian Chief of Staff, Goes Monteiro,
will arrive soon. The Chilean Finance Minister
will follow him.
If they have shown nothing else, these diffi-
culties in our attempt to create American solidar-
ity reveal the magnitude of our task. The prob-
lems facing us were pointed out in a recent series
of articles by John T. Whitaker in the Chicago
Daily News. Whitaker stressed that our good
neighbor program must have a basis of practical
economics instead of the gush of brotherly love.
"Brazil is as friendly toward the United
States," he said, "as any South American coun-
try and this a realistic, permanent friendship
based upon Brazil's favorable trade balance and
her fear that she and the United States may bear
the brunt when Hitler and the unholy alliance
aftack." Argentina's susceptibility to fascist
wooings, on the other hand, springs directly from
the beliefs of the cattle and grain industrialists,
whose products the United States does not need,
that they can drive a better bargain in Europe.
mm TTmnifA -Vtatac nnAn Rnth Anarinom n

THEPoATRE 1
By NORMAN KIELL
No Runs, No Hits, Two Errors
Elmer Rice's "American Landscape," which.
the Ann Arbor Dramatic Season presented last
night at the Lydia Mendelssohn Theatre as the
second of its five productions, is more full of
good intentions than it is of good drama.
Certainly Mr. Rice is sincere and earnestly
patriotic in his contemplation of the American
Way and his concern for its current tribulations.
But in his zeal to get into the thick of things, he
has forgotten to write a good drama. He loses
himself, as well as the audience, because his
drama is too diffuse and sprawling, too full of
hortatory and unwieldy speeches.
Mr. Rice's landscape -shows us the estate of
an old Connecticut family, proud, patriotic,
and democratic. The bewildered head of the
family, Captain Frank Dale, has tried to admin-
ister the ancestral farm, and shoe factory wisely,
but at seventy-five, unsuccessful and tired, he
wants to sell the estate to a Nazi organization
and the factory to a corporation. But the
"echoes of the past," as seen in Captain Dale's
militant ancestors, Moll Flanders, Harriet Beech-
er Stowe, and three veterans of our wars, and
the flesh and blood of the future as represented,
by his children, factory workers, and towns-
people, rise up in protest. Selling the farm for
the purposes of a Nazi summer camp would be
contrary to all their democratic principles; sell-
ing the factory would terminate all chances for
the residents of Dalesford to make a living. Mr.
Rice averts the impending tragedy.- Both farm
and factory are saved, more through a desire
to end the play than for credible reasons.
In the telling of his tale, Mr. Rice has gutted
"American Landscape" with many half-drawn
characters. They come in and out so frequently
without getting down to the real business at
hand that we lose interest in them too quickly
when, we would like to know them, better. And
it is likewise the case with what Mr. Rice is en-
deavouring to say; he circles his interesting
problems. Further, "American Landscape" is so
talky that it becomes static, except when the
ancestral hosts make their unexpected but
natural entrances. And Mr. Rice makes us ac-
cept these. ghosts, for although they are unreal
we can believe them.
Bad Rice makes poor theatrical fare. But the
Ann Arbor Dramatic Season has given Mr. Rice's
disappointing play a set by Emiline Roche that
catches the atmosphere of an,. old New England
household and a cast, which on the whole, does
ample justice to the play. Wesley Addy, Dennis
Hoey, Con Mac Sunday, Ethel Morrison, and
Mary Morris, who speak "for the past," all do
splendidly and intelligently their difficult assign-
ments. James Bell, Philip Tonge, Ellis Baker, and
Hathaway Kale play their scenes with authen-
ticity and fluidity. Although Harry Irvine does
not give the part of Captain Dale sufficient
strength, he probes deeply into his role and comes
off with an excellent characterization. Joanna

thinker than Aristotle."
The deliberate juxtaposing of the best of the
classics with what is commercialized and fleet-
ing in today's literature, is an attempt to screen
the true alternative to the old-fashioned educa-
tion, that is, the teaching of a mixture of the
best of today's literature with what can be under-
stood of yesterday's. The fact is, it is precisely this
insistence upon the classics and nothing but the
classics, dry and unreadable though they may
be, in the public schools, that drives people to
find their literary recreation in the Post and
their education in Mr. Carnegie.
As for practical suggestions for a curricu-
lum, I have not given the matter enough thought
to be able to offer a ready-made outline of study.
Among the English classics which I should deem
comprehensible and useful to high school stu-
dents, however, I might mention in addition to
Shakespeare, Byron, Dickens, Swift, Tennyson,
Shelley, Burns, Housman, and Browning. At
any rate there are enough to provide sufficient
reading to supplement the works of modern
authors, among which I might suggest as suit-
able for high school students: Shaw, Heming-
way, Dreiser, Wolfe, Lewis, Caldwell, Sherwood
Anderson, Carl Sandburg and many pthers. In
addition, the standard American classics, even

The Editor
Gets Told. .
To The Editor:
Not to be outdone by the Gallup
Polls, Congress, the U. of M. Senate,
or even the late Literary Digest, I
have conducted my own one-man
survey on campus. The results are
amazing. With the aid of a Westonr
"Sight Meter," belonging to the De-3
troit Edison Co., I was able to gathert
specific scientific evidence regardinga
the lighting conditions in a numberv
of our study halls, classrooms, and li-
braries. Confidentially ....
The first half of my survey wasP
conducted shortly after noon on the
sunny sixteenth of May. Here are
the illuminating facts:
(Any grade below 10 indicates
conditions too poor for readinge
without excessive strain on the
eyes.1
Grades from 11-20 indicate
conditions satisfactory for or-
dinary reading but not for pro-
longed periods.
Grades from 21-30 indicate
sufficient light for reading fine
print.1
Grades above 30 indicate ant
abundance of light, enough forI
severe visual work for prolonged
periods).
Center section of main reading
room of library.-15-35.
Call desk in main library.-2.
Dictionary tables along south
side of same room-7.I
Card catalogue. (away from
windows -8.c
Periodical reading room. (away
from windows) -6.
Medical reading room. (away
from windows)-8.
First floor study hall of li-
brary. (away from windows)-6
Basement Study Hall-5. {
Angell Hall study hall, (away
from windows)--5-10.
Angell Hall, classroom 2003.
(away from windows with lightsr
off)-1.r
Same only lights on-9.1
Room 2203 showed the same<
result except that the lights do
not work!,
AngellkHall's instructors' of-t
fice, 2200-3.
In almost all of these cases the
rating was considerably higher, us-I
ually above 30, at the places right
near windows.' But the students
utilizing all of these rooms were,
fairly well distributed, so that more
than half were subject to the poor
lighting indicated above. Note that1
not a single room had all around sat-
isfactory light conditions.t
The second half of the survey,
showing the effect of our artificialI
lighting at night, was even worse asI
it was almost equally dark through-
out each room at that time.
Main reading room of library
(at lighted desks)-9.-
(In the center, at the periodi-
cal index desks, were 14 stu-
dents working in light so poor
that the meter failed to register).
Periodical reading room-3.
- Medical reading room-10.
First floor study hall-4.
Basement study hall-12.
Angell Hall- study hall-9.
Pendleton Library in Union-
*4-9.
For at least 10 years, according to
one of my instructors, the University
has been taking a "stay home if you
don't like it" attitude. Far be it
from me to ask them to change their
policy. All I ask is that they start
teaching a course in Braille. Pro-

gressive schools like Michigan need to
teach this subject ... ,
Sincerely yours,
Fred Hirsehinan, '42.
citizens to share in the decent way of
life. I believe these two objectives are
in no sense contradictory."
They are, of course, not contradic-
tory, but, if Mr. Hopkins will brush
off the dust from the shelves of some
of the desks or files of the Depart-
ment of Commerce, he will find many,
hundreds of thousands of pages of
written data submitted by the so-
called Roper business and advisory
council, in which it was sought to pre-
serve both objectives, and yet the
recommendations of the business men,
particularly on taxation, have been
ignored.
What Mr. Hopkins might have
said, and he would have been applaud-
ed as being entirely frank and out-
spoken, was that there is no way of
reconciling these various objectives
and the demands of party and group
politics, especially pressure politics.
The Secretary of Commerce cer-
tainly would not say that the Ameri-
can Federation of Labor is interested
in "exploiting" labor, yet its amend-
ments *proposed for adoption at this
Session to improve the Wagner Labor
Act have not received either his en-
dorsement or the approval of the
Labor Board or of the Administra-
tion. Yet in those amendments are
the key to interferences with and
stoppages of production due to juris-
.dictional disputes in which the em-
ployer has no part at all.
Take the tax laws. Inside the; Ad-
ministration, men have labored, hard

(Continued from Page 2)
work and the willingness to follow in-
structions.
The earnings of many Griscor sales-
men exceed $100. Only one sale a day
yields an income of $22.20 a week. Full
time salesmen are averaging two sales
a day.
Suggest that interested students
write firm at once for complete de-
tails of their employment offer. For
additional information call at 201
Mason Hall.
University Bureau of Appointments
and Occupational Information.
Senior Lit Class Dues will be collect-
ed for the last time on Thursday, May
25, from 9 a.m.to 5 p.m. at the Li-
brary and Angell Hall. It is important
that dues be payed before diplomas
are received.
Waukegan Residents: Will the resi-
dent of Waukegan who recently lost
a pair of glasses in a car traveling
from Coldwater to South Bend please
communicate with the Office of the
Dean of Students.
Academic Notices
All Speech Concentrates and Grad-
uate Students in Speech please call
at 3211 A.H. at one of the following
hours this week to complete con-
centration records:
3-4 Wednesday
2-4 Thursday.
William P. Halstead.
Psychology Master's Comprehen-
sive Examination will be held Satur-
day, May 27, at 2 p.m. in Room
3126 N.S.f
Seminar in Physical Chemistry will!
meet in Room 122 Chemistry Build-'
ing at 4:15 p.m. today. Mr. A. S.
Newton will speak on "Chemilumines-
cence."
Economics 157. The class will not
meet on either Wednesday or Friday
this week. The outside reading in
Hamilton's "Price and Price Policies"
will be covered by the final examina-
tion Saturday, June 3.
Final Doctoral Examination of Mr.
A. Alfred Erickson will be held on
Wednesday, May 24 at- 1:30 p.m. in
the East Council Room, Rackham
Bldg. Mr. Erickson's field of speciali-
zation is Physics. The title of his
thesis is "The Quantitative Spectro-
graphic Determination of the Normal
Lead Content of Certain Biological
Materials and Some Related Factors."
Professor R. A. Sawyer, as chair-
man of the committee, will conduct
the examination. By direction of the
Executive Board, the chairman has
the privilege of inviting members of
the faculty and advanced doctoral
candidates to attend the examination
and to grant permission to others who
might wish to be present.
C. S. Yoakum.
Final Doctoral Examination of Mr.
Clarence H. Danhof will be held on
Wednesday, May 24 at 2 p.m. in the
West Council Room, Rackham Bldg.
Mr. Danhof's field of specialization
is Economics. The title of his thesis
is "The Agricultural System of Pro-
duction in the United States, 1850-
1860."
Prof. M. S. Handman, as chair-
man of the committee, will conduct
the examination. By direction of
the Executive Board, the chairman
has the privilege of inviting mem-
bers of the faculty and advanced doc-
toral candidates to attend the ex-
amination and to grant permission to
others who might wish to be present.
C. S. Yoakum.
Final Doctoral Examination of Mr.
Carleton Raymond Treadwell will
be held on Wednesday, May 24 at 2
p.m. in 313 West Medical Bldg. Mr.
Treadwell's field of specialization is
Biological Chemistry. The title of his

thesis is "A Study of the Effect of
High and Low Fat Diets on the Cho-
lesterol Metabolism of Four Genera-
tions of White Rats."
Prof. H. C. Eckstein, as chair-
man of the committee, will conduct
the examination. By direction of the
Executive Board, the chairman has
the privilege of inviting members of
the faculty and advanced doctoral
candidates to attend the examination
and to grant permission to others who
might wish to be present.
C. S. Yoakum.
Concerts
Graduation Recital. Betty Walker
harpist, will give a recital in, partia
fulfillment of the requirements fo:
the degree Bachelor of Music today
at 8:15 o'clock, in the School of Music
- Auditorium, . on .Maynard .Street. The
public is invited to attend.
e Graduation Recital: Virginia Hunt
' pianist, will' give a graduation recita
Thursday, May 25, at 8:15 o'clock, it
the School of Music 'Auditorium or
Maynard Street. The public is in
vited.
CI

daily May 22 through 27, 9 to 5. The
public is invited.
Tenth Annual Exhibitionof Sculp-
lure,.in the concourse of the Michi-
gan League Building.
Lectures
Ben East, outdoor editor for the
Booth Newspapers, will give the 12th
lecture in the Journalism Supple-
mentary Lecture Series this after-
noon at 3 p.m., in Room E, Haven
Hall, speaking on "Outdoor Pages"
The public is invited.
Events Today
Anatomy .Research Club Meeting
The regular May meeting of the Ana-
tomy Research Club will be held in
Room 2501 East Medical Building 'at
4:30 p m. today.
Speakers and Titles:
Dr. J. T. Bradbury: "Experimental
Intersevulaity in Infantile Rats."
Dr. W. T. Dempster: "Some His-
torical Aspects of Anatomical Tech-
niques."
Tea will be served at 4 pim. In Room
3502. All interested are cordially in-
vited,
Graduate Luncheon: There will be a
graduate luncheon today at 12 noon
in the Russian Tea Room of the
League, cafeteria style.
Lieutenant Colonel P. K. Kelly will
discuss "A Professional Soldier's Views
on the Status of National Defense."
All graduate students are cordially
invited.
This will be the last luncheon of
the year.
Chemical Engineers: The A.I.Ch.E.
banquet, terminating the year's ac-
tivities with the installation of of-
ficers, will be held in the Union, to-
day at 6:15 p.m. Mr. McCarroll of
the Ford Motor Co. will be guest
speaker. All chemical and metallur-
gical engineers are invited.
Cercle Francais: The banquet will
be tonight at 6:15 at the Michigan
Union, Members who have not made
reservations please call the secretary
at 2-3791 before 1 p.m.
A.S.H.E. Members: The final meet-
ing of the year will be held at the
Michigan Union today at 7 p.m. The
officers for the coming year are to be
elected at this meeting.
Phi Tau Alpha: The annual Phi
Tau Alpha banquet will be held
today at 6:15 p.m. in the
League. Tickets may be procured
from Gordon or Packer. rof. Pal-
mer A. Throop of the History De-
partment will speak.
Mimes: There will be a very im
portant meeting today at 7:30 p.m.
at the Union. It is imperative that
every member be there.
American Student Union: All mem-
bers interested in helping form plans
for a continuations group are invited
to attend an enlarged Executive
Committee meeting at 4 p.m. today
in the League. Petitions will be ac-
cepted for the Summer School.
Assembly Executive Council: There
will be a meeting of the executive
council of Assembly today at 4:15.
Coming Events
Annual Senior Engineers' Banquet
will be held in the Michigan Union,
Thursday, May 25. at 6:15.
Principal speaker will be Mr. S. M
Dean, Assistant Chief Superinten-
dent, The Electrical System of the
Detroit Edison Company. His topic
will be "Engineering-A Way of Liv-
ing," Other speakers will include
Dean H. C. Anderson, and T. Hawley
Tapping, Alumni Secretary. Lists of

class members will be distributed, and
songs will be sung. A final farewell
party for the Class 'of '39. Tickets
for $1 may be bought at either the
West or East Engineering Building
Main Entrances, at any time.
Senior Architects: The Detroit
Chapter of the American Institute of
Architects .will hold its May dinner
meeting in Ann Arbor, Saturday, May
27, at the Michigan Union at 6:30
p.m. William Stanley Parker of Bos-
ton will be the speaker. Senior archi-
tects are particularly invited, and the
Chapter is arranging a special din-
ner rate for them. Seniors should
make reservations immediately at
Room 207 Architecture Building.
I Spring Initiation and Banquet of
r Phi Epsilon Kappa is to be held
y Thursday, May 25, at 7 p.m., at the
c Michigan Union. This is the final
e meeting of Kappa Chapter for the
year. Banquet tickets are available
for 75 cents from George Thompson,
, George Reuhle, Michael Megregrian,
.l and President Clinton Mahlke.
n
n Michigan Dames: The Book Group
- will meet in the Rackham Building
Thursday at 8:15 p.m.

DAI LY OFFICIAL BULLETIN
Publication in the Bulletin is constructive notice to all members of the University.
Copy received at the office of the Assistant to the President until 3:30 P.M.;
11:00 A.M. on Saturday.

40

00

as they are taught at present, are
TODAY in
WASHI11.NGTON.
--by David Lawrence-

of great value.
^ r.

WASHINGTON, May 23.Secretary Hopkins,
in his latest public pronouncement, has endeav-
ored to put the Roosevelt Administration on
record as favoring business when it is honest and
opposing it when it is dishonest. He doesn't use
those very words, but he sums up in four points
the basis of the Administration's opposition to
"business profits" wrongfully made, and leaves
it to to be understood that, eliminating these
wrong practices, business profits are sanctioned.
The four points could be epitomized in a single
word, "dishonesty," and, generally speaking, nine
out of ten business men are as condemnatory of
fraud and misrepresentation as is Mr. Hopkins
and the Administration. The Secretary of Com-
merce says that "misrepresentation" in selling
goods is wrong, that "exploitation of labor" is
wrong, that "wanton destruction" of natural re-
sources is wrong and that "abuse of monopoly
position" is wrong.
For years, business men have recognized in
their general comments on business practices
that every one of the four things mentioned were
indefensible. To infer that this is all that the
present Administration has objected to about
the profit system is, however, to give an erron-
eous impression, just as it would be an error to
say that business men have tried to defend the
aforesaid practices.
What business men say and what the Adminis-
tration thus far has refused to accept is that
the problems of management and risk of capital
cannot be overcome by a multitude of regulatory
steps of ambiguous nature or by the piling up of
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