SUNDAY, APRIL 27, 1941 THE MICHIGAN DAILY i Board To HoldJ Annual Spring Meeting Today Members Of Progressive Educators' Association To Discuss Conference The regular spring meeting of the Executive Board of the Progressive Education Association will be heldt in Ann Arbor today in the Rackham Building. The seventeen members of thec Board - prominent educators from all parts of the country - will be shown the setting for the New Educa- tion Fellowship conference and will discuss the plans for the conference. The Executive Board of the Pro-1 gressive Education Association in- cludes: Walter Anderson, Professor of Education, Northwestern University;f Ruth Streitz, Professor of Education,f Ohio State University; Grace Lang- don, WPA Nursery School Program, Washington, D.C.; Fred H. Blair, Supt. of Schools, Bronxville, New York; Laura Zirbes, Professor of Education, Ohio State University.I Mildred M. Ivins, Classroom Teach- er, Oak Lane Country Day School, Philadelphia, Pa.; Oscar Markey, M.D., Child Psychiatrist, Cleveland, Ohio; Laura Hooper, Head of the Demonstration School, WellesleyCol- lege; Willard Beatty, Director of In- dian Education, Washington, D.C.; Harold Rugg, Professor of Education, Teachers College, Columbia Univer- sity; Carleton Washburne, Supt. of Schools, Winnetka, Ill., and President of the Progressive Education Associa- tion. Engineers To Take Tour Of Inspection, An inspection tour of the StoutI Engineering Laboratories, the airI traffic control station at Wayne County airport and the Stinson Air- craft plant will be made Tuesday by the Institute of Aeronautical Sci- ences, leaving at 8:30 a.m. from the East Engineering Building, LeslieG Trigg, '41E, pesident, announced yes- terday. Junior and senior aeronautical students will be excused from classesI Tuesday for the trip which will be made in a chartered bus accommo- dating 35 persons only. The first 35 Institute members to pay the 90 cent fare to Mrs. Anderson will be taken.t Students wishing to drive must ob-I tain permission from Prof. Edwardt A. Stalker.- Future Of Gold Values Will Depend On War 's Outcome, Watkins Writes I "The future of gold is interwoven also, Professor Watkins' predicts, for with the fortunes of war," Professor the primary needs of a "prostrate Leonard L. Watkins of the economics world after the war will be for goods department asserts in an article in rather than gold." Lending the Eur- the latest issue of the Michigan opean nations gold will not solve the Alumni's Quarterly.Review, problem, because the gold will return He maintains there is still a func- back to this country to purchase tion for gold in the world, if Britain America's much-needed goods, he is victorious, through the institution says. of a free world monetary agency. What is needed, Professor Watkins The article, entitled "The Gold Di- asserts, is the establishment of a "free lemma of the United States," dis- ipernational monetary agency to cusses the future of gold in reference hold reserves, to make settlements to the United States, which at the -- present time holds approximately 80 percent of the totai worla gold sup- , ply.renc h Play ply, 'Worthless' Gold T Given The United States would probably ' Be G ven be left with a worthless metal - 22 billions and upward worth of gold Cerce Francais Presents if the Nazis win, Professor Watkins explains, for German trade is based Comedy Here Friday on regimentation of trade through the medium of German marks, which Sparkling wit of the colorful would be worthless outside the Reich. eighteenth-century France will be In such a dominant position Germany staged in "Le Jeu de L'Amour et du might make use of gold (especially Hasard,' a French play by Pierre if she controlled sources of gold pro- Marivaux, to be given under the duction), but not to further world auspices of Le Cercle Francais Friday commerce on the basis of free trade, in the Lydia Mendelssohn Theatre. he points out. Known even at the present as Though Germany "would certainly "marivaudage" in France, the light not be willing to send goods to this witty satire has retained its popular- countr'y in exchange for our present ity. The conversation of court life gold holdings," the prospects of re- deals with the current political and exporting them in the event of a social developments of the period. British victory are of "little promise" The love story of chance portrays a t . ? a a i between constituent free trade areas, and to exercise final authority over changes in the price of gold and ex- change relationships." Such a pro- posal "implies the voluntary surren- der of those aspects of monetary sov- ereignty which have given rise to competitive practices inimical to world trade as a whole." Though he admits that it may be argued "that an ideal organization of wenid finance might dispense with fold entirely," Professor Watkins be- heves that "such a degree of per- fection seems unlikely of early at- Guild Council Prof. S. MacLane Holds Retreat Talks Tomorrow in Ziwet Lecture Four Roundtable Sessions Will Outline Program Discussing "Group Extensions and Number Fields," Prof. Saunders Mac- Inter-Guild Council is holding its ( Lane of Hafvard University will de- annual planning retreat this weekend liver the fourth of the series of six at Patterson Lake to evaluate the Alexander Ziwet Lectures in Mathe- past year's program and to plan for matics at 4 p.m. tomorrow in Room the religious programs of the Pro- 3011 Angell Hall. testant student religious organiza- Professor MiyacLane is a graduate tions represented at the conference. d.of the University of Chicago and re- More than 90 students will attendcaived his Ph.D. at the University of the meeting which will be subdivid- Gottmgen. At the present time ed into four discussion groups. Jean ¢ssistnt professor of Mathematics Wserm n4, r at H-,arvard, he was selected to deliver esteran 42, Stuart Anderson.lexander Ziwet Lectures this '43, Ndvillham Mt ehl, 41, Dorothy !Lle eaie ie etrsti '3 .4 D y car. Six lectures are delivered every Briddon, '43. and Bob Gelston. '42, will lead the roundtables. year by a visiting mathematician un-- Gecrge Wills will report on a survey der the sponsorship of the Alexander f _ainment" and states that, by pro- viding one of the general reference paints for monetary policy, by serv- ing as a final means of settlement in international trade, by providing Am- erica's much-needed goods, he says. justify the faith of pracuical men, if not of all theoretical economists." Inflation Impends which he conducted to determin the most popular student ,eligiois pro.- grams splonscred by the vacrious dc- ncmiinations. The entire coferencej is under the direction of William i Clark, '42, retiring president of In- ter-guild Council and newly-elected l president of the Student Religious I.Association., The Sunday morning worship ser- vice will be conducted by Kenneth I Morgan, director of the Student Re-t ligious Association and by Rev. H. L. ceril, ussell Van Cleve. Grad., Ziwet Research Fund, The fith lecture, to be delivered wedrn,,day, will deal with Extensions and Unit Groups, and the last lee- Lure on Friday, May 2, will be on "Group Invariants and p-Adic Fields." . I ; } f it The immediate danger of inflation, because of the excess bank reserves, Professor Watkins believes serious, and concurs with the proposals of chairman Eccles of the Board of Governors of the Federal Reserve System to sterilize new imports of gold and to substantially raise present bank reserve requirements. Though he did not give a final an- swer to the question of this country continuing its gold imports, Professor Watkins pointed out the argument that a discontinuance of the coun- try's gold purchases would hamper the efforts of returning to an inter- national gold standard after the war. Dorothy Wiedm Hetzler, '41. Each student Lion represented 10 new officers &o the retreat.