TIA MIdHIGAN DAILY iI _... a foling Companies No'Menace' To Low Rates, Waterman Says Champion In Uniform Frosh Coeds Will Feature Garg' Issue Hillel To Start Annual Jewish Study Courses DAILY OFFICIAL BULLETIN By BILL BAKER Debunking the so-called "menaces" of the public utility holding compan- ies, a University of Michigan pro- fessor has just published a study stat-e ing that holding company subsidi- aries serve the public at as low aver- age electric rates as do independent utilities. He is Prof. Merwin.H. Waterman of the Department of Economics, whose study, "Economic Implications of Public Utility Holding Company Op- erations," has been published by the University Bureau of Business Re- search. The conclusion, which is illustrated by graphs and charts in the book, is true regardless of toe size, of the coimiunity served, or the size of the 4cmpany furnishing the service, and generally regardless of the geo- graphic section of the country, Pro- fessor Waterman points out. As stepping stones to the solution of the nation's public utility prob- lem, Professor Waterman advocates the abandonment of blanket holding company condemnation as now advo- cated by the Securities and Exchange Commission, and the adoption of a discriminatory policy of holding com- pany regulation and disintegration. "Nowhere in the study," the author points out, "has it been suggested that all holding companies are justi- fied in their existence, practices and procedures. "Ithas not only been shown that as a group, the holding company sub- sidiaries serve their investors and Ann Arb consumers as well as do the inde- pendent utilities and that, therefore, there is norgeneralized justification for making practically all subsidiary utilities into dependent units." Effectiveness Changed There has been a substantial change in the effectiveness of opera- ting subsidiaries of holding com- paines in the past few years, Pro- fessor Waterman says. "Whatever may be the precise cause, relatiop- ships between state regulatory bodies and those in control of holding com- pany systems have steadily improved in the last decade." Since many of the answers to the hplding company problem which are being sought by the Securities and Exchange Commission, Dr. Water- man points out "that a merger of these two federal commissions would tend to bring about the controls that could facilitate the elimination of holding company 'evils' without in- discriminatorynelimination of all holding companies." Five Tests Applied In determining the fficiancy of subsidiaries of public utility holding 'companies as compared to indepen- dent {utilities, Professor Waterman has applied five tests: 1.) Cost of electricity to consumers; 2.) Econ- omy of management; 3) Efficiency in financial management; 4.) Protection of utility investors; and 5.) Effective- ness of utility regulation. The data which forms the core of the study were prepared on be- half of the Engineers Public Service Company in connection with 'pro- ceeding before the Securities and Ex- change Commission relating to Sec- tion 11, the "death sentence Clause," of the Hdlding Company Act. Newman Club Will Hold Chapel Tea Dance Today The Newman Club's membership tea dance will be held from 3 to 5:30 p.m. today in the Club rooms of St. Mary's Chapel. Refreshments will be served, and there will be dancing to .records. Guests are urged to come early and listen to the Michigan-Northwestern game broadcast, Geraldine Granfield, '42, and Libby 41Mahlman, '43, co- chairmen, apnounced. The first supper will be this Sun- day at 5:30- and will be followed by a general Club meeting. Tough On Readers' Eyes, WASHINGTON Oct. 17.--()-It's going to be harder than ever to read those big spending and tax docu- ments from the Treasury, for to save paper, the Treasury has ordered that all its press releases be single-spaced instead of double-spaced.. By BARBARA JENSWOLD New Program To Offer Literally millions of lovely coeds- Variety Of Subjects; well anyway, fourteen, count em- By R Aohen the pick of the best looking fresh- Headed. By abbiCohe man class to enter the University, will grace the pages of the October Presenting a varied program of edu- issue of Gargoyle, the magazine of cation, Hillel Foundation will open campus life, which will be ready for registration in its Institute of Jewish waiting students next Thursday, ac- Studies on Monday and Tuesday. cording to Chan Simonds, '42, editor. Functioning as part of Hillel's pro- And that ain't all, folks, for besides gram of Judaism, the Institute of, these feature portraits there will be I Jewish Studies will hold classes in a section devoted to all the aspects Elementary Hebrew, Modern Hebrew of orientation, giving the green fresh- Literature, The Jew in the World man a complete picture of himself Scene and a Bible Study Circle. An before he acquired his first coat of added feature of importance to stu- varnish. dents will be a Vocational Guidance Switching to the gridiron, "Garg" Clinic. offers an expose of the pigskin game, Planned for the second semester is Captain Bob Westfall's "Behind the a popular course entitled Marriage Scenes in Football." Can't tell the and Family Relations. players apart without one! (Where The faculty of the Institute con- did that come from?) sists of Rabbi Jehudah M. Cohen, Engineering students, and those director of the Foundation, who will hundreds of uninformed as well, conduct The Jew in the World Scene, should find interesting a feature on a Artur Mager, '43E, who will teach, that college, the first in a series en- the two courses in Hebrew and Wil- titled "My Michigan." Every month liam Schumer, '44, who will lead the the magazine will run one of these Bible Study Circle. Guest speakers illustrated articles, each time treating will appear in the Vocational Guid- of a different school in the Univer- ance Clinic. sity. Directing the activities will be Sam- And by way of dessert, there are to uel Rosen, '44, assisted by Sybil Wof- be printed for the public the results sey, '43, and Albert Wohl,'43.JuneI of a spectacular poll of college stu- Charlton will serve as registrar. dents, on the question of the yeai, . "How do YOU peel a banana?" Al- . though this feat was made possible rain 'Speed only through the cooperation of the FBI, the OPM, the SPCI and the " AIChE, the results will belong to you, Lim it Fixeud lucky readers, on Thursday. There's more besides, and Gar- goyle has planned a big surprise for Grand Trunk Road Death this first issue, but Thursday is soon Brings New Regulation enough to know the details. ____ SATURDAY, OCTOBER 18, 1941 VOL. LI. No. 18 Publication in the Daily Official Bulletin is constructive notice to all members of the University. Notices To the Members of the University Senate: There will be a meeting of the University Senate on Monday, October 20, at 4:15 p.m. in the Rack- ham Lecture Hall. Putlic Health Assembly: The first geeral assembly for all students in public health will take place at 4:00 p.m. on Tuesday, October 21, in the Auditorium of the W. K. Kellogg In- stitute of Graduate and Postgradu- ate Dentistry. The speaker will be Dr. Haven Emerson, Professor Emeri- tus of Public Health Practice, Colum- bia University, and Isecturer in Pub- lic Health Practice, School of Public Health, University of Michigan. The subject of his address will be "Nu- tritional Diseases." All students in public haklth are expected to be present and their guests are welcome. Library Committee Meeting: There will be a meeting of the Library. Committee on Tuesday, October 21. Members of the Faculties wishing to lay requests before the Committee are asked to have them in the hands of the Director as soon as possible. W. G. Rice, Director Students, College of Literature, Science, and the Arts: No course may be elected for credit after today. E. A. Walter Concentration Advisers: College of L.S. and A: Any adviser wishing to have courses outside the department or division counted in the "C" aver- age required in the field of concen- tration for tentative February seniors Here Is Today's News In Summary J Washtenaw County's Board of Su- pervisors ordered an investigation of juvenile delinquency at its session yesterday, and acted later in the day to appoint a three man committee for that purpose. There is no need for a rent con- trol board in Ann Arbor, for rents have remained almost stationary since 1938, the city Real Estate Roard reported yesterday. ' Health officers are currently plac- ing strong emphasis on infant deaths, contagious diseases, venereal diseases and trailer camp sanitation, Dr. 0. K. Engelke reported to the County Board .of Supervisors. Dr. Engelke said that in the five year period between 1935 and 1940, 34 children have died, on an average, each year before reaching the age of one year. 'his figure is consider- ably lower than other towns in the country and the rural area. CLASSIFIED ADVERTISING Joe Louis, world heavyweight boxing champion, who has been found Ito be physically fit for the army, tried on a uniform and gave a practice salute during a visit to Fort Custer, Mich., where he gave a boxing exhibition. Louis expects to be called into service soon. Logging Costs Feature Talk W. S. Bromley Addresses Timber Association The results of several extensive time and cost studies of logging in Northern Michigan were'given Tues- day night in Ishpeming by Prof. W. S. Bromley of the forestry school at the October meeting of the Timber Pro- ducers Association of the Upper Pen- insula. According to Professor Bromley, the members of the Association, which is primarily an organization of log- gers, pulp-wood producers, and s w mill operators, were greatly interested oven their comparative production costs and in the various techniques for analyzing costs. This unusual interest on the part of the, timbermen is due to the diffi- culties they are experiencing in con- nection with labor shortages, rising costs of equipment, and in securing adequate provision for railroad trans- portation.' Professor Bromley explained the timbermen's peculiar predicament by saying that in times of great indus- trial activity,-such a these, produc- tion costs in the lumber industry are often inclined to rise considerably before the producers' benefits from the increased production become actual profit. Warden Jackson Passes His Exam LANSING, Oct. 17.--(A)-Warden Harry H. Jackso of the state prison of southern Michigan was the only warden of three Michigan prisons to survive civil service examinations, the state Civil Service Commission an- nounced today. Thomas J. Wilson, state personnel director, said Warden Simon R. An- derson, of the Marquette branch pris- on ana Warden Warren J. Dodge of the Ionia Reformatory had passed the examination, placing 22nd and 18th on the list, respectively, but did not come within the certification range. Deputy Warden Glenn Carpenter of the southern Michigan prison failed to place high enough on the list, Wilson said, and will be replaced from a list which includes Gellein, Huntley and Major Robert E. Marsh, superintendent of the Boys' Voca- tional School as Lansing and former state police Commissioner. Battley Lauds Unions For Employment Aid LANSING, Oct. 17.-(P)-Col. Jos- eph F. Battley, of the national selec- tive service headquarters, informed Governor Van Wagbner today Michi- gan employers and labor unions are "very cooperatiye" in obtaining re- employment for men discharged from the armed services., Attley added, however, that as the nymber released increases a more serious problem for employers will re- sult. He said a mnajor problem would concern men who find jobs they for- merly held no longer exist. 'FootballHero Gains Honors Football players are not always dumb. Look at Davey Nelson, '42Ed, who as everyone knows plays a good deal of fodtball for the Maize and Blue on Saturday afternoons. But piling up ponts on Saturday is not all he does. During the -week he does just as good a job at piling up honor points. As a result, Davey's scholastic aver- age is the second highest in the senior class of the School of Education, and he has just been announced as the recipient of, one of the University Scholarships in the Professional Schools. / 0 Both Nelson and Matthew J. Zip- ple, '42Ed, have been selected by their teachers to receive these two-semes- ter tuition scholarships. Davey already is the possessor of one such award from the Detroit Uni- versity of Michigan Club. The latter, however, will be changed so as to provide the little halfback with funds for other school expenditures. Russian Tea For Sunday Announced By Kappa Phi A Russian Tea will be given by Kappa Phi, Methodist Girls' Club, from 2:30 to 4:30 p.m. Sunday in the Wesley Foundation Lounge of the Methodist Church, president Emlyn Wright announced. Chairman of decorations and food is Shirley Sieg, '43. Democrats Score Again JERSEY CITY, N.J., Oct. 17.-G0P) -Seven Rozmyslows now are Roose- velts, at members of a Polish family were granted permission to change their name by Hudson County Judge James R. Erwin today after they ex- plained all had used the Roosevelt surname since infancy. LANSING, Oct. 17.-P)--A con- ference of city officials and spokes- men for railroad companies agreed today to fix a 40-mile-an-hour speed limit for trains at grade crossings in- side the city limits, but to impose no speed limit on trains after passing intersections. The conference resulted from an accident here in which a fast freight train of the Grand Trunk Western Railroad jumped its tracks at the depot here Oct. 7, killing a child and injuring 13 other persons. Coroner Harry Leadley announced, meanwhile, that he found no evidence of negligence in the accident and would not conduct an inquest. He said the railroad company's own in- quiry established the train was travel- ing at a speed between 40 and 45 miles an hour when it left the tracks and demolished a portion of the depot. MIvCHIGAN MATINEES 25c Incr. Taxv Han Ma- k Greenbrg' y Be Released tf ter New Yea Sa-an Diego Ove" . uns<' ast~aWith k' pne BONITA GRANVILLE"RAY McDONALD d ea. DEAN>DAIY, r. LEO EORC TY kit~gt byt ERY0NIL SALE LEET should notify the Registrar's Office by October 22. Requests should be in writing giv- ing the names of the individuals to be affected and the specific courses out- side the department to be counted. Robert L. Williams Assistant Registrar College of Literature, Science, and the Arts, Schools of Education, For- estry, Music, and Public Health: Stu- dents who received marks of I or X at the close of their last semester or summer session of attendance will receive a grade of E in the course or courses unless this work is made up by October 29. Students wishing an extension of time beyond this date in order to make up this work should file a petition addressed to the ap- propriate official in their school with Room 4 U.H. where it will be trans- mitted. Robert L. Williams, Assistant Registrar (Continued on Page 4) New Ope ing for Catering Service When you're hungry phone 4761 for Free Delivery at 40c up. Hamburg 10c Foot Long Hot Dogs 10c Fried spring Chidken 50c Beef Tenderloin Sandwich 35c All kinds of, sandwiches 15c up LEO PING 808 S. State St. We also serve dinner every day Noon lunch 35c Dinner 45c r TAILORING & SEWIN STOCKWELL and Mosher-Jordan residents-Alterations on women's garments promptly done. Opposite Stockwell. Phone 2-2678. 3c FOR' RENT $12.50 MONTH -Quiet, attractive room, graduate woman, Taylor; University 670; evenings and Sun- days, 5233. 71c SINGLE ROOM for Graduate Wom- an. Walking distance from cam- pus, also on bus routes. Call eve- nings 2-3542. 70c LOST and FOUND PINK shell-rim glasses, vicinity of Liberty and Main, Tuesday night. Call 2-1566. 73c HELP WANTED MISCELLANEOUS MIMEOGRAPHING -Thesis bind- ing. Brumfield and Brumfield, 308 S. State. tc WASHED SAND AND GRAVEL- Driveway gravel, washed pebbles. Killins Gravel company, phone 7112. 7c FOR SALE 14EMINGTON portable typewriter. Very slightly used. Reasonable price. Call eveniIngs, 2-1441. 69c FORT CUSTER, Oct. 17.-(R)- Corp. Hank Greenberg's release fron the army under the revised draft law is unlikely before Jan. 1, military au- thorities said today as they disclosed for the first time that the +former Detroit Tiger outfielder had applied for discharge. Intelligence officers of the Fifth Division, of which the American League's most valuable player of 1940 is a member, said Greenberg was the last selectee in a group now being considered for release under the wa department's ruling to discharge 28 year-olds. Greenberg, who is 30, was inducte May 7. Second Army headquarters leasa tentative quota of 930 releases by Jan 1, it was pointed out, but Greenberg is the last on that list. After Jan.1 he will be one of the first to be con sidered, it was said. Ci POPULAR SC f NCE Also NORTHERN II NEIGHBORS "SKY SAIL ING" }1 GABBY CARTOON r PARAMOUNT NEWS Sunday "LYDIA" Merle Oberon WANTED TO BUY CASH for used clothing; men and ladies. Claude H. Brown, 512 S. Main St. Phone 2-2736. 5c LAUNDERINGj LAUNDRY - 2-1044. Sox darned. Careful work at low price. 2c INDIVIDUALIZED LAUNDRY SERVICE Each bundle done separately, by hand No Markings Silks, Wools, and Coeds' Laundry Our Specialty . - .'- .,_ r_ 5;14 STUDENT to work for meals in ternity house. 1824 Geddes, stewart, 2-1682. fra- call ?2c TYPING VIOLA STEIN-Experienced legal typist, also mimeographing. Notary public. Phone 6327. 706 Oakland. 0 ie Lg % r c 1 t(CIL/go rdl -Jramou3 -/ /19 1 of Chicago and Miami Beach - / invites you to the "Pigskin Parade" --- A COLLEGIATE FIESTA - After the Northwestern Game Saturday, Oct. 18 Fun begins af ter the Game at 5 P.M 10 minutes from Northwestern U. /nOO DEMPSTER STREET Morton Grove, Ill. It's MICnIGAN night at Kitty Davis ALL-CO1 EGIATE CLUB You'll meet your friends here. / PASS THE WORD AROUND -- "Come in if only to look around." I Eisenstein's *TIME, IN THE SUN The Unfinished Symphony of the Mexican People -f All our work is guaranteed Free pick-ups and deliveries SILVER LAUNDRY 7 E. JOOVER 5594 LISTENING I *111 60 to the 11 IlI * CHINA STRIKES BACK WALT DISNEY CARTOON OCT. 16, 17, 18,ยข Thursday, Friday, Saturday Box Office Opens Thurs. 10 a.m. LAST TIMES TODAY RANDOLPH SCOTT "BELLE STARR" NORTHWESTERN GAME a a-W IF STARTS SUNDAY! GIVE YOUR RADIO PARTY that game time atmosphere - make it a huge success by ordering a case of beer to enjoy while listening to the game. For prompt delivery service, call us now! Phone 7191 1. 1 Nowl","W" *' m I I ML M6 --M- I