WENESD~AY, NOVEM3'1ER 24, 1948 Tit MICHIGAN .DATLYs .. ,.. ..... saa ... is av:.u av.a..._..araaa.a.r:.a Congress Set To Look into Huge Profits Total Heading for Twenty Billion WASHINGTON - (5) - Profits are shooting toward an estimated $20,000,000,000 record this year and Senator Flanders (Rep., Vt.) said today Congress wants to know what is going to be done with them. He heads an inquiring subcom- mittee which will open hearings Dec. 7 in a broad study of the huge earnings. What it learns will in- fluence legislation in many fields, he predicted. * * * SENATOR O'MAHONEY (Dem., Wyo.), member of the group, told a reporter: "I think we will find some start- ling evidence that something must be done about monopolies." Flanders said it is important that the hearings be completed 4 before Congress tackles the ma- jor issues headed its way. "First of all," said Flanders, "we should learn how and why these profits are accumulated. * * * FLANDERS suggested these as prime questions: 1. How much of the profits re- sult from inflation and must be kept in business and industry as a possible cushion for a recession or depression? 2. How much of the profits can the government tap and how? 3. Are the profits to be dis- tributed to shareholders, or to consumers through lower prices,. or to employes through a fourth- round of postwar wage in- creases? 4. How much of the profits are needed.to improve or expand plant facilities for greater production and lower consumer cost? * * * "WE NEED ALL this back- ground information for legisla- tion in almost every field that will come before the next Congress," Flanders said. O'Mahoney said that "big business is fearful of an excess profits tax and wants to set up arguments against it." He al- ready has urged such a tax on corporations. O'Neill Film Will Be Shown Friday The Art Cinema League and Student World Federalists have selected for their film this week Eugene O'Neill's penetrating study of 'seamen "The Long Voyage Home" which will be shown at 7 p.m. and 9 p.m. Friday and Sat- urday in the Architectural Audi- torium. John Ford's direction, Dudley Nichol's screen play and the per- formances by John Wayne, Barry Fitzgerald and Thomas Mitchell have all combined to make this film an all-time favorite. General admission tickets will go on sale today at the booth in University Hall. DAI-SY, DAI-SY: Bicycle Seen Regaining Popularity in America By The Associated Press The bicycle is making a re- markable come-back in America. Its revived popularity is more than mildly suggestive of cfling's golden era back in the Gay Nine- ties. That was before the auto- mobile eclipsed the bike as a means of practical and recreational transport. * * * THE BICYCLE industry, a small affair only a few years ago, now IRA To Hold Jam Session Final plans for an inter-racial jam session to be held Dec. 5 in the Hussey Room of the League were discussed at last night's meeting of . the Inter-Racial As- sociation. The jam session, which will fea- ture Art Buchbinder and Mack Ferguson, is a benefit program sponsored by the IRA, with the assistance of the Union. The ses- sion will last from 8 to 10:30 p.m. with an admission charge of 0.42. Also discussed at the meeting were plans for a movie to be shown Dec. 10 and 11 in Hill Auditorium, to be sponsored jointly by the IRA and the Art Cinema League. Leon Recthman, IRA chairman, announced that the second in a series of three leaflets sponsored jointly by the IRA and the Stu- dent Legislature is just about ready for distribution. He also reported that an NSA subcommittee and the IRA were arranging for a group of short educational features to be shown in local theatres. expects 1948 sales will far out- strip 1947's record 2,700,000 total. There are some 17,000,000 bikes in use now, says the Bi- cycle Institute of America. Just before the war there were 12,- 000,000. Bicycle institute officials say high prices on new and used cars have forced many in low income groups to use bikes to get to work and school. During the war many learned it was cheaper and more fun to ride a bike than operate a car. AND, SAYS John Auerbach, ex- excutive secretary of the insti- tute, "Americans began to wake up to the fact that cycling is ex- cellent exercise. They are learning that cycling is the perfect all- round body conditioner. It's espe- cially good for stomach muscles. Did you ever hear of a bicycle racer having stomach ulcers? I haven't." He says women find cycling holds down their weight and parents look to bicycles in in- creasing numb rs as developers of sturdy children. Since the war sales of young children's bikes have risen 33 per cent, but more adults have turned to cycling, too. There's been a 40 per cent boost in the number of cycling clubs. Bike racing is enjoying an up- swing in popularity. The recent 6-day race in New York drew more than 90,000 spectators. But, the bicycle in America still has a long way to go to approach its popularity in Europe-or that of the motor car in the United States. Churches Set Services To Give Thanks SRA To Serve Annual Breakfast Special Thanksgiving services will be held in Lane Hall, the Congregational church and St. Mary's chapel tomorrow. Setting the mood for the day, the Student Religious Association will be hosts for their second an- nual breakfast at 9 a.m. in Lane Hall. Dewitt C. Baldwin, S.R.A. program director, will speak on "Universality of Thanksgiving. *x x RESERVATIONS must be made by 3 p.m. today at Lane Hall. For- eign students are especially in- vited. Worship services will be given at the Congregational church at 10:30 a.m. Dr. Brett Kenna, of the Methodist Church, will preach on "The Eternal Good- ness." Music will be provided by the Congregational choir. Sev- eral hymns by Isaac Watts will be sung, honoring his bicenten- ary anniversary. Among the churches taking part in the services are the First Meth- odist, Congregational, Presbyter- ian, Baptist, Bethlehem Evangel- ical, Trinity Lutheran, Zion Luth- eran, West Side Methodist, and Memorial Christian. Masses will be administered at 7, 8, and 9 a.m. at St. Mary's Chapel. " THEY ALL HAVE ROSE FEVER-Northwestern University's football team stands on the roof of a sorority house in Evanston as a huge crowd of students assembled for a pep rally to celebrate the selection of the Wildcats to play in the Rose Bowl.j Team members include Quarterback Don Burson (lower left), Capt. Alex Sarkisian (center, wearing cap), Tackle George Mad- dock (dark coat), Back Peewee Day (at right of Sarkisian) and Guard Jim Parsegian (leather jacket). what's Up in the Dorms IL 3. (EDITOR'S NOTE: Contributors to What's Up in the Dorms should con- tact Dolores Palanker at The Daily or 105 Betsy Barbour). Assembly, Independent Women's organization, will be asking for contributions from Nov. 29 to Dec. 3 towards their sponsorship of one displaced student. With the $1,000 it hopes to raise, the association will provide for the complete maintenance of one woman student, including housing in a women's dormitory, books and miscellaneous expenses. LONG DELAYED plans for Betsy Barbour's recreation room are about to bear fruit. Finally, the University's own "unplaced students," 13 of which at one time called the Barbour rec room their home, have at last found rooms in the various dorms. A redecoration job, consisting of painting, and new drapes and up- holstery made by the residents, will reconvert the room into what it was originally meant to be. S* * * LATEST REPORTS indicate that the West Quad's annual "Holly Hop" will be a sell-out with only 400 tickets being distributed among the eight houses in the Quad. Besides a band, Thoburn Stiles, publicity chairman, announces there will be a string ensemble playing for refreshments in the downstairs alcove, a pianist in the main lounge and an organist on the first floor concourse. The West; Quad Glee Club may also sing; carols. Santa Claus, in reality Bud Murray, social chairman of Chi- cago House, was on a ticket-sell- ing spree last Thursday which led the men to believe he was giving them away. Or at least this may explain why he only sold half a dozen. d Library. .. (Continued from Page 1) "backed" and it is reinformed with cotton flannel. BOARDS ARE cut, using the sample back for size. In fact, the bindery trys to cut even the buck- ram or cloth to match any previ- ously bound volume of the same title. Rag paper strips to increase the width of the back of the book then are inserted into the boards, making a "case." The vital statistics-title, call num- ber, and author-are stamped on this case. After stamping, the book is ready to be "cased in." It is pasted and allowed to stand over night in a two hun- dred pound press between cher- ry pressing boards. That isn't all the bindery does. It reinforces rare documents with scarce Japanese tissue and makes honorary diploma covers. In fact there is still one lying around that the Queen of Rumania never came to the University to accept. Maybe sometime spiral bindings will usurp the place of cloth bind- ings, or looseleafs will come into the limelight, but until then the bindery in the library basement will continue to be a hospital for lacerated covers and broken backs. Ge S. Air Force A-6 SURPLUS SHEEPLINED BOOTS Brand New , . .,;. YOU CAN STILL BE A WINNER- GET INTO THE PHILIP MORRIS SCORECAST CONTEST NOWA "WATCH FOR THE GRAND PRIZE WINNERS" p b* ez Te/" HERE'S WHAT YOU WIN FOR YOURSELF: HEEWATYOCN I FOR YOURLII GROUPOl HERE"S WHAT YOU CAN WIN FOR YOUR LIVING GROUP OR CLUB! I BROWN LEATHER UPPERS -BLACK RUBBER LOWERS SMALL - MEDIUM - LARE Wear With or Without Shoes SPECIAL OFFERING Genuine LEVI's WAIST BAND OVERALLS $3.47 '' . 'f . ;:: f:r,:.' SAM'S STORE I 122 E. Washington St. Open Evenings 'til 7 P.M. ., 4 j i ff/ f ,a AWit::, £ N o O f < {..rJr IFT SLIPPERS" inglamngrajo ~ti.. pstlsan highshads back nd hitc..wih lxu{:uCC triming f fr, gld r cotrasingcolo1 / 1 .'l::J:".r ,.::., J. .w:Jf::::! ; N?,.~a:."1{t/ j r-i: ::?:ii};:{i:$:{ iiir' i'i:"; "'r :i:_iii::r:ri~i{}';:i :i:i:! ::i:iYi. jii::i~f :r t~l~i :;:j:i ::F: 'ii: -, ?/iii:~: ::::?::."." i" .-,,"?}iC; : Y:% ' siL'~~::iF:-2j j i;;~~$:?i ii:ii:+j ;: :lrr " / :>{:iCi:i. 1 I WUHO is this AIOMA T\ .- ,.. ,: ri R, f , '.' y ...,. -. FIRST PRIZE A Stunning Large Screen G liCd a1 Television Set with full 13 Channel coverage and Direct-View 10" Tube. This hiandsom e szegoes to the group entering the most ballots dur- ing entire contest. SECOND PRIZE A Beautiful dM a1 Auto- matic Radio-Phonograph Console with Miracle Tone Arm. Plays both 45-minute and standard records-for Group with second highest number of ballots entered. THIRD PRIZE .T H RDttZ Su4 Console R adio Phonograph with Miracle Tone Arm. Plays up to twelve records. Changes records in 3 seconds - for Group with third highest number of ballots entered. FOR COMPLETE PARROT RESTAURANT ALEXANDERDRG INFORMATION SEE CAMPUS DRUGS BULLETINS AT: WIKEL'S DRUGS ANNOUNCING! LAST WEEK'S WINNERS Winners of Philip Morris Cigarettes I GEORGE ALLEN NANCY C. BOONE PHIL ANDERSON DAVID BRADBURY DAVID R. BACK "BRANDY" Philip Morris -cor-cast Winners Continued on Pa---5 I I 91