THE MICHIGAN DAILY
British Policy
Harms Peace
Bankers Told
Professor Heneman Calls
Munich Accord 'Deal'
Which Favored Hitler
(Continued from Page 1)
University as "ranking far above that
of any state."
Michigan banks have neglected
definite eduational responsibilities,
Pres. Alexander G. Ruthven told the
conference in its afternoon session.
"Banks are social institutions of a
democracy and should study their
relation to the general welfare and
to the education of the public," he
declared. "They cannot expect to fill
their place in society if they are con-
tent to operate by the trial and error
method."
At-the noon luncheon session, Dean
Clare E. Griffin of the Business Ad-
ministration introduced I r v i n g
Shields, a "practicing economist" who
discussed "The Future of Interest
Iates." The present low level of
short term interest rates is due, Mr.
Shields declared to the large volume
of excess reserves now held by mem-
her banks in the Federal Reserve
System. This excess makes it un-
necessary for member banks to bor-
row from reserve banks and thus de-
stroys the loan demand. A similar
condition of low interest rates accom-
panying an excess of reserves has
prevailed in England, France and
Switzerland for a decade.i
The long term interest rate level
has been kept down, Mr. Shields said,
by the reduced demand for loans by
private enterprise, by the slack con-
dition of the building industry and
by the depressing effect of the short
term rate.
--Goodfellows-Monday-
Arabs Promise Aid
To French Colony
(Continued frorn Page 1)
called for new Italian concessions in
French-controlled Tunisia while anti-
French feeling mounted in various
parts of the country to the accom-
paniment of renewed mass demon-
strations and a feverish press can-
paign.
In what direction the steam ulti-
mately will blow off remained a mys-
tery. "Tunisia," "Suez," and"Djibou-
ti" were the watchwords of the cam-
paign, but there was no sign of Itali-
an claims on France being presented
in diplomatic form.
Anti-French demonstrations con-
tinued, chiefly in Rome, Naples and
M ilan...
'Writing fin Il Giornale D'Italia,
Gayda denounced France for failing
to carry out the agreement signed in
1935 by Premiers Pierre Laval and
Benito Mussolini. The editor added
Italy is receptive to new negotiations.
But in this connection he warned
that a vast change has occurred in
the political situation since 1935 and
made it plain that Italy is looking for
more comprehensive concessions in
Africa in any new agreement.
Gayda blamed the French for not
having negotiated a special Tunisian
accord as contemplated under the
1935 agreement.
Goodfellows-Monday
Up-State Students Plan
Dance At Iron Mountain
Upper Peninsula tudents from the
University and from Michigan State
College will celebrate their Christmas
holiday vacation with an "all campus
dance" at Stager Lake near Iron
Mountain on Wednesday night, Dec.
28; it was announced today by Wil-
liam G. Jackson, '41, chairman of
arrangements.
Hiawatha Clubs of both universi-
ties, with a membership composed
entirely of northern Michigan stu-
dents, will sponsor the event. Tickets
have been 'placed on sale in East
Lansing, Ann Arbor, and various
stores in Iron River and Iron Moun-
tain. Dancing will be in Gay Gables
pavilion and music will be furnished
by George Corsi's orchestra, of Iron
Mountain.
Chinese Moral Undented By Jap
Bayonets, Molly Yard Declares
Women In China Emerging l road filling up the holes as soon as
As National Leaders, Says'the planes left.
f The women in China in the last
Head Of Relief Board ten years have undergone a com-
The Japanese sphere of influence
in China extends as far as the bay-
onet, Molly Yardi, national chairman
of the Far Eastern Student Service
declared at a meeting in the League
to form a United Committee To Aid
China.
Miss Yard has just returned from
a three months trip to China.
When Canton was bombed this'
summer, Miss Yard was amazed at the1
high morale demonstrated by the
populace. The Mayor of Canton, she
said, issued a statement declaring
that the people of Canton realized
the purpose of the aerial bombings
and were undaunted. Miss Yard told
of seeing farmers along the rail-
pete emancipation, Miss Yard said,
adding that in the present war they
have developed into leaders and,
workers behind the battle lines. Ting,
Ling. a famous woman author, recog-
nized the Northwestern Front Ser-
vice group, composed of young people
who went to the Eighth Route ArmyI
to train soldiers for teaching civil-
ians in the district. Although there
are few women in this part of China,
they hold positions of leadership,
Miss Yard said.
Miss Yard stressed the need for
funds to enable Chinese students to
continue their reconstruction work as
well as their education. Representa-
tives from the Ann Arbor Woman's
Club, The American League for
Peace and Democracy, the Chinese
Students' Club, Y.W.C.A., American
office and should be filled out im- Foreman. Salary range $140.160.
BULLT IN Umediately. Girls who have filled out Dec. 28.
DAILY OFFIC AL B L E IN application blanks previously must Institution Maintenance Cabinet-
PuIiieation In the Bulletinis constructive notice to all members of i o forms to be considered maker.Salary range $115-135. Jan. 5.
tversity. Copy received at the office of the Assistant to the President applicants.omplete announcements of the
aati 3:30; 11:00 a.m. on Saturday.
-_ - .New Cooperative House for Women: above examinations may be read in
llgirlsintered inwrk withthe University -Bureau of Appoint-
SATURDAY, DEC. 10, 1938 sion to take such books with them, 11gs inteested n oring ments and Occupational Information
VOL. XLIX. No. 65 provided they are not in general de- Assembly in forming a new coopera-
201 Mason Ha1l Office hours: 9-12
.mand, on application at the office of tive house for next year, should leave
Notices the Superintendent of Circulation. their names at the Dean of women's and 2-4.
. t University Bureau of Appointments
Faculty, College of Engineering: C ~~~~e~~ A office irmmediately. A mreeting of all and Occupational Information.
There will be a rmeeting of the Fac- CA girls interested will be held at 4 p.m.
uter will eetingTeac-;plication blanks for the new men's Saturday at the Michigan League.
ulty of this College on Tuesday, Dec ooperative house are available in Bowling: Women students interest-
13, at 4:15 p.m., in Room 348 West (Continued on Page 4)
Engineering Building, the Dean of Students office. Room 2, Michigan Civil Service: The Bureau Be a Goodfellow
Reports from the following com-University Hall, and in Room 306 of of Appointments has received notice
the Union. These blanks must be of the following Michigan Civil Serv- Bridge T ourney Tuesday
mittees: Freshman Scholastic Stand- i turned in at Sunday's meeting and ice Examinations. Last date for fil-
ing (new); Freshman Assembly; ing application is given in each case. The third session of the Union's
Scholastic Standing; Routine Busi- mus be aompaniembyrone dollar Engneering Draftsman. Salary weekly duplicate bridge tournanient
ness will be the order. tmrange $105-125. Dec. 23. for men will be held from 8:30 to 1
Meeting is in Room 306 Union Sun- MtrEupetEetiin al
A. H. Lovell, Secretary. Motor Equipment Electrician. Sal- p.m. Tuesday in the small ballroom
day at 3 p.m. Attendance is com- ary range $130-150. Dec. 23. of the Union, it was announced yes-
Ipulsory. Motor Equipment Repairman. Sal-
Student Loans. The Committee on a r $105-iso. De 2. terday by Don Nixon, '40, Union
Student Loans will meet Dec. 12 in Applications for the Girls Coopera- Tailor. Salary range $105-125. Dec. publicity chairman. A registration
Room'2, University Hall. New appli- tive House for, next semester are 23. fee" of 10 cents per person will be
cations for loans for the second se- (available at the deans of women's Construction Asphalt Roofing charged.
3
5
G
1
1
1
B
Student Union and the Committee for
German Club To Give Medical Aid to China agreed to form
Yuletide Party Dec. 14 a committee to contact and solicit
support from organizations on cam-
pus and in town.
A Christmas party in characteris- -Be a Goodtellow -
tic German festive spirit will be the
crowning event in the current series Swing And Square Dance
of functions presented by the Deuts- Feature Frolic Tonight
cher Verein, according to Dr. Werner F
F. Striedieck of the German depart- -Both swing and square dancing
ment. The party will be held at 8 will be featured tonight at the A.S.U.
p.m. Wednesday. Dec. 14 at the wil aturdtyhat the A yU
} League. Frolic at Unity Hall, sponsored by
The chorus of the Verein has been the local chapter of the American
practicing appropriate music 'to pre- Student Union. Kimon Friar will
sent on this occasion and it has plan-. lead the square dance.
ned to have the members join in on A book auction, a Professor Quiz
the more popular songs. contest and refreshments will round
To complete the atmosphere, a out the evening's activity. Decora-
large Christmas tree,, decorated in tions depicting the work of the A.S.U.
the German manner will occupy the during the past year will provide at-
place of honor. German students mosphere.
and faculty members interested in Chaperons for the dance will be
German are invited to attend this Prof. and Mrs. Michael S. Pargment
party, Dr. Striedieck said. and Mr. and Mrs. William Kemnitz,
mester will be considered at that time.
To Students Having Library Books:
1. Students having in their posses-
sion books drawn from the Univer-
sity Library are notified that books
are due Monday, Dec. 12, before thej
impending Christmas vacation, in
pursuance of the University regula-
tion:
"Students who leave Ann Arbor
for more than a week must first re-
turn all borrowed books."
Books needed between Dec. 12 and
the beginning of vacation may be re-
itained upon application at the charg-
ing desk.
2. Failure to return books before
the vacation will render the student
liable to an extra fine.
3. Students remaining~in town may
charge and renew books for seven-
day periods beginning Dec. 12.
4. Students leaving town who have
urgent need for books during the va-
cation period will be given permis-
HIM
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Everybody's
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Girls ! Girls ! 20 more days till
the J-Hop. Here's the chance
to earn your way.
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