PAGE TWO Tllr-, StIC"ICAN DAILV TTIUR', DAT, APRIL $,1042 ........... .. THt~DAT. APlUL 8. 1S4~ Lord Keyues Proposes World' Credit System International Clearing Union Would Operate As Bank of Nations Eighth Army Unites with Yank Forces (Continued from Page 1) in this sector, thereby weakening his, defenses, first at the Mareth Line Vital Red MIlerchcmi Ship Founders Off U.S. Pacific Coast Raniirez Tells lOf Paraguay- U.S. Good Will No Building Permit Isgue For Firetrap LONDON, April 7.--ePd--A woeid Wadi El Akarit line early yesterday. credit institution, designed to expand smashed a counterattack and began world trade and serve as "a genuine mopping up, Rommel's gamble to organ of truly international govern- hold his triangular flank against the ment," was proposed by Lord Keynes Americans was lost. today in a White Paper issued by In this triangle between the sea, the British Government. El Guetar and Maknassy, the Ameri- The plan, developed by the econo- cans had waged day after day the mist and advisor to the Exchequer, bitterest kind of struggle to gain a in collaboration with other govern- few hundred yards across 'a rugged ment experts, set forth as a basis for terrain pocketed with machineguns discussion a United Nations "Inter- and artillery and swathed with mine- national Clearing Union" to have ex- fyields. ecutive offices in New York and Roidinel Moves North London.Rrte ovsNrh By yesterday afternoon many of It would operate as a bank OfJRommel's crack tank troops which nations, creditor nations allowing had long been concentrated in the their balances to accumulate as de- El Guetar area threatening to smash posits, while the Union would lend any over-extended American effort these deposits for short periods to Iegan lumbering northward under a debtor nations, just as a commercial smokescreen. bank accepts deposits and makes Harassed by flare-dropping RAF loansdd bombers last night, the enemy's ve- The plan subordinates gold, in con- hicles continued to edge toward the trast with the U.S. Treasury's pro- rear, and at dawn helmeted Amer- posal for a $5,000,000,000 interna- can riflemen plunged forward against tional stabilization fund, and says dwindling resistance. "the purpose of the clearing union There is no official information as is to supplant gold as a governing to whether any considerable enemy factor, but not dispense with it." force was trapped on the south side The Union would keep its accounts of the Gafsa-Gabes road when the in a currency, "to be'called (let us Arericans and British spliced their say) Bancor, fixed (but not unalter- common front, but the Eighth Army ably) in terms of gold and accepted still was collecting prisoners along as the equivalent of gold" by all the coast. members of the Union for settling * * * international balances. (The U.S. proposal suggests a cur- Elmer Davis Says Nazi rency called Unitas, with a fixedA .Srg thg S raited value of 10 gold dollars.) rd The Union would not do business WASHINGTON, April 7.- (P)-_ with traders and commercial banks, Failing Axis air strength in Tunisia' but only with central banks and sim- indicates the German Luftwaffe is ilar institutions, such as the Federal strained to its utmost, Director Elmer Reserve in the United States. Davis of the Office of War Informa- Each nation would be given quotas, tion said today, and it appears "very governing both their borrowings and doubtful" that Germany is holding their deposits, based on the volume back any large reserves of planes in of their world trade, and altered from Europe. time to time. No fixed sum such as Davis declared Marshal Rommel's the $5,000,000,000 mentioned in the retreat from Wadi El Akarit is "like- U.S. Treasury's stabilization fund ly to be repeated over and over, until proposal, is mentioned. he has no place to go." Lecture on 'Survey of - inLesfrom Page 1> Paraguay' Discusses investigation of the tragedy wasre- Good Neighbor Policy 'caled yesterday in The Daily, last i.hlt reiterated her charges that the building violated the Ann Arbor Code. "Paraguayans hold high esteem for iWlimC alash iy~id the United States and the Good ing c. saulbeterd, ty Bd Neighbor Policy, which has borneg I e fruits of cooperation and understand - two means of egress, the door and the ing between the Americans," Dr. Luis nows, were in conformance with LuIlte city bulding code. He said ~that Ramirez (Grad., said last night in his Iecpy culdingveoee adethu lecture on "Survey of Paragua'." escape could have been made thrQugh "eure ong e ofr t tthet windows, two of which were over "We are doing our utmost to help I te bed. in the war effort and promote Pan- I -'t is not logical to exPct panIe- Americanism," he said, "to fulfill the stricken people to head for asmall, end of cooperation on this continent abnorm'al exit like the windows," Mrs. and collective and individual progress Noble said in comment on Mr. 'Maul- of the nations." betsch's statement. "In this case the Among the programs undertaken stairway was blocked by the fatal in Paraguay since the republic was fire." established in 1811 that Dr. Ramirez 1 The Ann Arbor City Counei will pointed out included compulsory pri- meet tonight- to consider three mary education and land distribution, amendments to the Building Code The land distribution program, which would relax standards on ex- under the direction of the Council of isting buildings. Land Colonization, provides for some One of them affects Class F dwell- people to get free land, some to make ings such as the apartment in which part payment, and some to pay the Mrs. Gilson lost her life. Another.con- full amount, cerns Class E buildings like the Ma- However, the land program does not jestic Theatre hich was eclarea un- divide the land into equal parts, it safe under the existing law by Mr. merely provides each man with his Lualbetsch. own land. s RDemocrats Support First Round of SpeechB Contest Leaves 5 Finalists y-As-You-Go Forty-five Russian :eamen and nine women crew minembeis of thIs Russian merchant ship were rescued by the Coast Guard after the vessel went a-round of f the north yaeific coast of the United States. Coast guardsmcn, who said re'cue operations were amo ng the most difficult ever attemilted. had to blaze a two-mile trail through woods and then haul the :'urvivors to the top of a precipice (right) with ropes. One woman of the ship's crew was lost and another was injured. 5,200 MILES IN 12 ,INUTES: Chile Earthquake Waves Reach Observatory 'I. By BETTY KOFFMAN Travelling 5,200 miles in twelve minutes, waves of the carthquake which rocked northern Chile Tuesday were recorded at the University Ob- servatory. At exactly nineteen minutes past noon, Tuesday, the finrst in a series of waves made its appearance on the Observatory's seismograph. While the earthquake lasted less than a minute at its source. the ree- ords showed that waves came in forI three hours, according to Mary E. Lindsey, seismologic assistant. Tuesday's quake was reported by the Associated Press as the worst one in Chile since 1939. when about 30,000 persons were killed. It, t6o. was re- corded here on Jan. 24., with almost 300 aftershocks. "As Chile is in a seismic zcne. it is not uncommon for earthquakes to cc'ur there,' said Miss Lindsey. The University Observatory works in cooperation with the Unitcd States Government in determining the the location of earthquakes. "From one station, it is possible to get only th"i c1dstanc,- away in which the earthquake cectirs," explained Miss Lindsey. "It is necessary to have at least three stations report in order to locate accurately the exact spot of the disturbance." A system of interpreting the quakes and codifying the information has been established and the reports are telegraphed within twenty-four hours to the U.S. Coast and Geodetic Sur- vey, Washington, D.C., and also to the Jesuit Seismological Assoc., St. Louis. The report which was sent from here Tuesday was the one hundred- seventeenth wired to Washington from the Observatory. IOne morning about ten years ago, Miss Lindsey came to her office, to find a, recording of severe waves 10,000 miles away. Several weeks later a runner from a Mongolian vil- lage brought news to the world of a disastrous quake which wiped out most of the town. Five finalists were selected in the preliminary round of the Speech 32 annual spring contest yesterday. Margaret Ann Brown, '45, Harold Cooper, '44, Mary Alice Hahn, '45, Bernard Levine, '44, and George Mor- ley, '45, will compete in the finals, 4 p.m. tomorrow in the Natural Sci- ence Auditorium. WASHINGTON, April 7.- (A)-A bloc of Democrats formed today be- hind a drive for immediate reconsid- eration of pay-as-you-go income tax legislation, and Majority Leader Mc- Cormack of Massachusetts expressed hope the House might vote again on thi's knotty issue before it begins an Easter recess April 17. CLASSIFIED ADVEUATISING k n, A .1 F CONCERTONE' ALBUMS AN EVEN ING CONCERT Album No. 21 Flower Song from "Carmen" Minuet and Gavotte from "Pagliacci" Faust Waltz Spinning Wheel Athalia Ich Liebe Dich To Spring Prelude in C Sharp Minor Annie Laurie Medley of Tunes MELODIES THAT LIVE FOREVER Album No. 12 CLASSIFIED RATES Non-Contract $ .40 per 15-word insertion for one or two days. (In- crease of 10c for each additional 5 words.) $1.00 per 15-word insertion for three or more days. (In- crease of $.25 for each additional 5 words.) Contract Rates on Request WANTEd WANTED-Used clothes. Best prices paid. Ben the Tailor, 122 E. Wash- ington St. Phone 5387 after 6 p.m. WANTED: 50 students to work for meals. Cooperative plan. Special weekly rate. Bakerms.Restaurant, w512,E. William. MISCELLANEOUS WASHED SAND AND GRAVEL- Driveway gravel, washed pebbles. Killins Gravel Co., phone 7112. WAR BONDS ISSUED HERE Continuous from 1 P.M. NOW PLAYING TOPS FOR FUN of I OF MACHINE GUN LINKS made automaically- Two Guitars Frasquita Serenade Drink To Me Only With Thine Eyes The Last Rose of Summer : iPw I'TERS on all makes. Of-1 HELP WANTED fice and portable models. Bought, HELP WANTED: Bookkeeper and rented, repaired. Student and Of- office manager for small office. fice Supplies. 0. D. Morrill, 314 $150.00 per month. Write Box 95 South State St. Phone 6615. Michigan Daily in own handwrit- ing and include qualifications and LAUNDERING references. FOR SALE .ELAUNDRY--2-1044. Sox darne. I Careful work at low price. M-HOP TICKET for sale. Phone, FOR RENT Bob Spahr, 2-3779, after 7:00. ________ __ __2 SINGLE ROOMS for women ein- IDENTIFICATION PHOTOGRAPHS -Any size. For 1-day service come ployed daytime. Call 6634 after to 802 Packard. 6-7:30 weekdays. 5 p.m. "If you go to see TENNESSEE JOHNSON looking for a good story put on the screen in mov- ing terms, here's your picture!" N. Y. World-Telegram Going Home The Old Refrain Humoresque- Songs My Mother Taught Me Meditation from Thais Liebesfreud EXCERPTS FROM THE BEST-KNOWN OPERAS AND SYMPHONIES Album No. 14 One Night in Venice Part I and 2 Fantastic Symphony "The Ball" Part I and 2 Strauss Selectiuns Ballet Music Carmen Bartered Bride La Paloma Song of India * * * * * * * * 1* * * * * Se% o o 7 songs you'll whistle for months A Paramount Picture starring 7 BING CROSBY BOB HOPE FRED MacMURRAY FRANCHOT TONE RAY MILLANq VICTOR MOORE DOROTHY LAMOUR PAULETTE GODDARD VERA ZORINA MARY MARTIN DICK POWELL BETTY HUTTON EDDIE BRACKEN VERONICA LAKE ALAN LADD ROCH ESTER I OPE RATIC GEMS Carmen, Prelude to Act 1 -2 Prelude to Act 3-4 Album No. 13 Hungarian March Intermezzo to Cavallera Rusticana The Bat (Fledermaus) Part I and 2 Selections from La Traviata Part I and 2 Ht ALBUM ... another job Electricity is doing to help win the wa~r A MACHINE GUN firing 1200 shells per minue requires mass production on a big scale to keep it supplied with ammunition. The metal links that make a continuous chain of machinc gun bullets are a good example. Mil- lions of these links are turned out daily in a single local plant, and thanks to electricity, the whole job is com- pletely automatic from start to finish. Starting with a steel strip, the stock feeds through mul- tiple stamping machines to make the "green" link (not yet heat treated). Then on a continuous conveyor belt, the links go successively to electric furnaces for hardening, to shot blasting machines, to draw furnaces for morejheat treating, to a rust preventive bath, and finally to bins where every link is tested for strength and accurate dimensions. They then slide down a chute and are pack- aged into waterproof cartons, which-after spot testing by Army inspectors-are conveyed directly into box cars. Machine gun links by the carload are only ONE of the thousands of jobs that electricity is doing today in arsen- als and war plants. Electric power is a weapon of war ... making its strength felt on the production lines that I FRANK FROEBA - PIANO Album No. 101 After You've Gone Sweet Lorraine A Lover's Lullaby Sunrise Serenade The One I Love 12th Street Rag Hindustan Stumbling Estelle vv I Jerry Moc- colonno Corey donOld .L t Dekker Albev pb a I - I vi alter 'Word suson 0 Ads orlovile Reyno Betty hodes Also 11 I I I ml Lntpc- v nrnmo~ tint ews'.z I I