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December 02, 1953 - Image 2

Resource type:
Michigan Daily, 1953-12-02

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No Higdher Money Rates Seen
For Early'54 by oodworth
"Unless Federal Reserve author- the business administration school
ities see reasons for positive ac- in the November issue of the
tions to forestall inflation, the "Michigan Business Review."
path appears clear for no higher * *
-perhaps even lower - money PROF. WOODWORTH points
rates during the first half of 1954." out that the Federal government,
Such is the opinion expressed by to maintain its cash balance, is
Prof. G. Walter Woodworth, of likely to borrow approximately $1.5
billion of new money between mid-
September and the end of 1953,
Ban'kin Grou bringing the Federal debt nearly
up to "the legal maximum of $275,

To Convene
At 'U Today
A two-day conference of bank-
ing officials from all over Michigan
and the United States will convene
tomorrow and Friday in Rackham
Amphitheater and the Union for
the annual Michigan Bankers' As-
sociation Study Conference.
Under joint sponsorship of the
business administration school
and the Michigan Bankers' Asso-
ciation, the meetings will deal with
problems peculiar to this field in
a series of discussions and speech-
* * *
A PANEL OF four Michigan
bank executives will open the con-
ference at 9:45 a.m. tomorrow with
a discussion of "Current Loan and
'Credit Problems."
The session tomorrow after-
noon will feature addresses by
Ernest T. Baugham of the Fed-
eral Reserve Bank of Chicago on
"The Agricultural Outlook," and
L. L. Matthews of the American
Trust Company of South Bend,
Ind., on "Public Relations and
Advertising Functions and Con-
"Progress with Liberty" will be
the topic of an after-dinner ad-
dress tomorrow by Prof. Raymond
J. Moley of Glenview University's
public law department.
The bankers will return to the
Union Friday for additional dis-

"In order to avoid higher in-
terest rates by the year-end, the
Reserve authorities will have to
release a substantial amount of
reserve money to the commercial
banks," the finance professor ex-
Additional reserves will be need-
ed, Prof. Woodworth says, to meet
a rise of currency in circulation of
over $1 billion and a sizeable in-
crease in bank deposits.
The Treasury, to avoid higher
yields in the bond market, will
have to refrain from competing
with private, state and local bor-
rowers, Prof. Woodworth main-
In the first half of 1954, accord-
ing to Prof. Woodworth, seasonal
factors will foster an easier mar-
Illinois Lifts
Ban On Cars
(Continued from Page 1)
one dollar automobile registration
fee of students and issue a sticker
to be placed on the car.
As at Michigan, parking is one
of the chief problems at Illinois.
Ewer pointed out that the local
public and faculty objected to
the change in restrictions on
that traffic and parking prob-
lems which affect them person-
ally are more complicated,
At Illinois the impossible prob-
lem of enforcement lies at the bot-
tom of the present trial suspension
of the driving rule.
"We are asking all students to
register their cars and then pro-,
pose to devot6 our enforcement ef-
forts toward the elimination of
those students who abuse the pri-
vilege either by breaking the law
or by discourteous and unorthodox
use of their car," Turner said.
TURNER NOTED, "I have just
about concluded that the automo-
bile rule is like the prohibition
amendment and has reached the.
stage of unenforceability."
Efforts to enforce restrictionsf
on driving, at Michigan have at
best been feeble and by nature
discriminatory in the opinion of1
administrators and students. {
Inability to adequately enforce
one rule such as this leads to a
disregard for University enforce-
ment of its other rules, Dean Rea

SL Agenda
Student Legislature will meet
at 7:30 p.m. today in Strauss
Dining Room, East Quadrangle
to discuss the following topics:
Motion to accept cabinet re-
port on committee assignments
Appropriation motion
Attendance Report
Report on Academic Freedom
Committee Reports
All interestered students and
faculty members have been in-
vited by SL to attend the meet-
SL Observes
NSA Week;
Honors Group
(Continued from Page 1)
It also pledged to guarantee to
all people equal rights and pos-
sibilities for education and fos-
ter the recognition of the rights
and responsibilities of students
to the school, the community,
humanity and God, and to pre-
serve the interests and integrity
of the government and constitu-
tion of the United States of Am-
Since the first Congress, six oth-
ers have been held at Midwestern
universities. From these meetings
a comprehensive body of policies
and resolutions has been drawn up
fo: NSA acti nationally dnd in-
te. i ationally. Details of these po-
ilcs will be discus;;ed in future
Daily articles.
Tv Replaces
(Continued from Page 1)
of the profession itself that stands
While the man in the street
is able to shrug and say, "I miss
the comics, but get all my news
from television commentators
anyhow," men intimately con-
nected with the, problem-re-
porters and editors-have takenI
a similar attitude.
One reporter working on the
story for a non-operating news-
paper claimed "sure, we're losing
money." "But," he said, "we're
supposed to be fighting for a cause
of sorts. And, anyhow, when we
do resume publication people will
buy again. More people buy pap-
ers for comics or crossword puz-
zles than for news."
Bloomer Named
Speech President
Prof. H. Harlan Bloomer, direc-
tor of the Speech Clinic, has been
elected president of the American
Speech and Hearing Association,
it was learned yesterday.
Named vice-president of the
group, which met in New York
last week, was Prof. Gorden E.
Peterson of the speech depart-
ment. Both will assume office
when the association holds its an-
nual meeting next November.
Phillip Yantis, Grad., has been
selected for the post of delegate-
at-large of Sigma Alpha Eta, na-
tional professional speech society.

The Daily Official Bulletin Is an
official publication of the University
of Michigan for which the Michigan
Daily assumes no editorial responsi-
bility. Publication in it is construc-
tive notice to all members of the
University. Notices should be sent in
TYPEWRITTEN form to Room 2552
Administration Building before 3 p.m.
the day preceding publication (before
11 a.m. on saturday).
VOL. LXIV, No. 59
194 Notices
11354Campus Parking Permits. All
those eigible to- receive Campus Park-
ing Permits for the calendar year 1954
may apply at the Information Desk,
Second Floor Lobby, Administration
will be issued to those who have ob-
tained the State license plate for 1954.
No permits for 1954 will be issued for
1953 license plates. Please present regis-
tration card for 1954 when applying for
permit. The permit for 1954 will be a
decal and is to be. placed in the lower
right hand corner of the rear window.
Please follow the directions for at-
taching decal.
Herbert G. Watkins, Secretary
Air Force Officer Qualifying Tests for
all Air Science II and IV students will
be held in Rackham Lecture Hall,
1300-1700 hours 4 December and 0800-
1200 hours, 5 December 1953. Attend-
ance is mandatory for all sophomore
and senior air science students. Pres-
ent freshmen (AS I) who will become
sophomores (ASI) in February are also
required to attend.
To Instructors of Engineering Fresh-
men. Ten-week grades' for all Engi-
neering Freshmen are due in-the Sec-
retary's Office, 263 W. Engineering
Building, on Mon., Dec. 7.
Address to Senior and Graduate En-
gineering Students. Special attention is
directed to an address entitled "Me
and Company," by Mr. C. Barbe of the
Monsanto Chemical Company, on
Thurs., Dec. 3, at 8 p.m. in 348 West
Engineering Bldg.
Mr. Barbre is not only an outstand-
ing superintendent in the chemical in-
dustry, but is widely respected for his
ability to develop young engineers for
advanced responsibility. His message
will be of particular interest and bene-
fit to graduating engineers, and at-
tendance is urged.
Late Permission. The Women's Judi-
ciary Council authorizes 11:30 p.m. late
permission for women students on
Dec. 16 and 17. Any women's residence
may have 11:30 p.m. calling hours on
one of these two dates for its sched-
uled post-caroling party.
Post-carolingentertainments will be
authorized Dec. 14 through Dec. 17,
These events should be registered in
the Office of Student Affairs before
Friday noon, Dec. 11, for announcement
in the D.O.B. on Sunday. Parties sched-
uled on Dec. 16 and 17 may be extend-
ed in accordance with the announce-
ment below from Women's Judiciary.
Chaperons may be a resident house di-
rector or one married couple 25 years
of age or older.
Social Chairmen are reminded that
the closing hour for social events spon-
sored by student organizations on the
evening of December 12 may be ex-
tended to 1 a.m. provided events are
so registered in the Office of Student
Applications for Fellowships and
Scholarships in the Graduate School
for 1954-55 are now available. Appli-
cation for renewal should also be filed
at this time. Competition closes Feb.
15, 1954. Blanks and information may
be obtained in the Graduate School
Offices, Rackham Building.
College Teachers for Pakistan. The
Bureau of Appointments has been in-
formed of vacancies in a large univer-
sity in Pakistan in the fields of Eng-
lish, economics, history, and geology.
Interested persons please contact Bur-
eau of Appointments, 3528 Administra-
tion Building, for further informaton.
Phone NOrmandy 3-1511, Ext. 2614.

The Warner & Swasey Co., of Cleve-
land, Ohio, will have a representative
at the Bureau of Appointments today
to interview February and June men
graduates in Mechanical Engineering
or with mechanical aptitude or inter-
est about the company's Factory Man-
agement training program. Bus. Ad.
and LS&A students may schedule ap-
The Michigan Civil Service Commis-
sion will have a representative at the
Bureau of Appointments on Dec. 7 to
interview February and June men and
women graduates who are interested in
various fields of state employment, such
as accounting, social work, public ad-
ministration, etc.
The Sun Life Assurance Co., of Can-
ada, will be here on Dec. 8 to talk
with February and June men graduates
in Bus. Ad. or LS&A about positions
in insurance sales.
The Durez Plastics & Chemicals, Inc.,
of North Tonawanda, N. Y., would like
to interview February and June men
graduates on Dec. 9 for positions in
accounting or in the company's man-
agement training program. Bus. Ad,
and LS&A students may make appoint-
The Great American Group of Insur-
ance Companies, in Chicago, Ill., will
have a representative here on Dec. 9
to discuss their home office under-
writing training program and other
positions, such as field representative,
with February and June men graduates
In Bus. Ad, or LS&A.
The Continental Casualty Co. in Chi-
cago will interview February men grad-
uates on Dec. 10 for various training
programs and assignments in the cas-
ualty insurance field.
Students wishing to schedule ap-
pointments to see any of the com-
panies listed above should contact the
Bureau of Appointments, 3528 Admin-I
istration Bldg., Ext. 371.
Academic Notices
Engineering Mechanics Seminar. E. A.
Yates will speak on "Heat Transfer
with Variations in Fluid Properties" at
3:45 p.m. on Wed., Dec. 2, in 101 West
Engineering .Building. Refreshments
will be served.
History 11, Lecture Group II. Quiz'
Fri., Dec. 4. Cassel's and Miller's sec-
tions in Auditorium A; Blackburn's
and Slosson's sections in 348 West En-
Seminar on "Turbulent Diffusion"
by Dr. M. S. Uberoi, Engineering Re-
search Institute, on Thurs., Dec. 3, at
4 p.m., in 1504aEast Engineering Bldg.
All interested are cordially invited to
Seminar in Applied Mathematics will
meet Thurs., Dec. 3, at 4 in 247 West
Engineering.sSpeaker: Mr. Ralph T:
Dames, Research Assistant, WRRC.
Topic: "Finite Difference Methods for
Boundary Value Problems."
Course 401, the Interdisciplinary Sem-
inar in the Application of Mathematics
to the Social Sciences, will meet on
Thurs., Dec. 3, at 4 p.m., in 3409 Mason
Hail. Dr. Robert Solow, of Massachu-
setts Institute of Technology, will speak
on "Conditions for Equilibrium in Eco-
nomic Systems of Simultaneous Equa-
Program of 18th Century Music by
Marilyn Mason, Harpsichord, Nelson
Hauenstein, Flute, and Lare Wardrop,
Oboe, will be presented at 8:30 Wed-
nesday evening, Dec. 2, in the Rack-
ham Lecture Hall. Open to the gen-
(Continued on Page 4)

Phone NO 23-24-1
HOURS: 1 to 5 P.M.
2 .60 1.34 1.96
3 .70 1.78 2.94
4 .90 2.24 3.92
Figure 5 average words to a line.
Classified deadline, 3 P.M. daily,
LOST-Blue Hufzman bicycle No.
18541-C, license 2657. 545 Mosher.
LOST-Maroon Zenith Portable Radio
at football game Saturday. If found
notify 405 Wenley, W.Q. )69A
CAMERA-Lost, 828 Kodak. Please con-
tact Paul Hosman, 8210 S.Q. )72A
LOST-Chain of keys between W. Med-
ical Bldg. and Alice Lloyd. Call Mari-
anne at 3502 Alice Lloyd. )70A
1949 STUDEBAKER Champion, 4 door.
Heater, good rubber. Priced to sell.
Huron Motor Sales. Ph. NO 2-3163.
BRAND NEW Webeor phonograph and
tape recorder. Excellent buy. Call
NO 3-0521. Extension 627. )88B
ARMY-NAVY type Oxfords-$6.88. Sox,
39c; shorts, 69c; military supplies.
Sam's Store. 122 E. Washington. 114B
1952 CHEVROLET Convertible. Radio
and heater, power glide; twin spot-
lights. 20,000 actual miles. Black and
red trim. #A sharp car. $1345. Huron
Motor Sales. Ph. NO 2-3163. )190B
RADIO-PHONOGRAPH table combina-
tion, 3-speed changer. $60. NO 32554.
CANARIES in full song. Parakeets, ex-
hibition quality. Also used cages.
Mrs. Ruffins, 562 S. 7th, NO 3-5330.
FOR SALE-New Schwinn heavyweight
bike. 20% off list price. Call NO 2-1497
after 10:00 p.m.
is available to you for making your
personalized photographic Christmas
cards. You may use your own camera
(or ours) and we will furnish the
lighting and helpful suggestions.
Purchase Camera Shop, 1116 S. Uni-
versity. Phone NO 8-6972.
1946 FORD Station Wagon. New tires,
radio and heater. This week only,
$345. Huron Motor Sales. Phone NO
2-3163. )189B
TWO DOOR, 1949 Ford Custom Eight.
Clean, smooth running, already win-
terized. Priced for quick sale. Call
NO 8-6613 after 5:30. )185B
equipped. 6 weeks old, perfect condi-
tion. Cost $80 new, only $50. Call
NO 8-6083 after 6 p.m. )184B
NEW AUTO, deluxe, overdrive. Delivers
for $1952. Best offer over $1000. See
at 1236 Washtenaw. Then call NO
5-4205. )183B
ARGUS C-1 35mm Camera and case,
22.50. Burns. Phone NO 8-7398. )181B
NEW YEARS hats, noisemakers, decora-
tions, etc. WHOLESALE prices for
any size party. Write for catalogue.
Nicollet Distributors Novelty House,
320 Nicollet Ave., Minneapolis, Min-
nesota. )182B
2 TUXEDOS-Size 36 and 38, like new.
One light blue suit and one dark
blue, size 36. Call NO 2-6559. Tom
Ordale. )187B


DOUBLE COIL SPRINGS-$8.00: Steel TYPING carefully done. No fob too
Folding Cot without mattress, $8.00. -small. Phone NO 8-6075. 346 East
Hostess chair, good springs, needs up- Williams St. 3191
holstering, $1.00. Two large side- YPEWRI1'fERSY rtable adtandard
boards, $10 each. Large walnut ye- for rent, sales and service.
neer table, and five chairs, $20.00. 'ORRILLS
Coal hot water heater, $5.00. Swervil 314 State St., Phone NO 8-717
top chrome stool, $4.00. Phone NO--
2-9020. HOME TYPING-All kinds by profes-
SIAMESE KITTENS-Two females and sional secretary. Fast, accurate ser-
one male. Phone NO 2-9020. }188B vice. Reasonable rates. Campus lo-
1952CHEROLT 2 r.,powr ~ cation. 820 E. University. Phone NO
1952 CHEVROLET 2 dr., power glide. 8-7391. } 1?I
11,000 actual miles. Fully equipped.
Huron Motor Sales. Phone NO 2-3163. RAD 10 SERV I E
192Bto- Home - Portable
1948 CHEV. 4 dr. One owner. Radio and Phono and T.V.
heater. Very clean. Huron Motor Fast and Reasonable bervice
Sales. Phone NO 2-3163. })193E ANN ARBOR RADIO AND T.V.
FOR RENT "Student Service"
FURNISHED campus apartment, 3 1214 So. Univ., Ph. NO 8-7942
I rooms and bath for 2-3 men. $100, 1 blocks east of Past Eng. _)1


Phone NO 3-8454. )18C
JAN. 15 TO JUNE 15-8 room furnished
house near campus; 2 bathrooms, gas
heat, children welcome. Phone NO
2-2009. )19C
LARGE double room near campus.
Cooking privileges. Men students.
Phone NO 3-8454. 117D
ROOM at 541 Elm Street, 2nd off South
University, )19D
out Dec. 2nd.
5,000 GIFTS for all ages and all interests
from $2. No shopping, wrapping,
mailing, worrying about sizes and
colors. Order magazine subscriptions
at low Christmass student, faculty
rates. Student Periodical, NO 5-1843.
Free Catalogues. )40F
HURRY! Get your Christmas Drive-
Away cars now for New York, Florida,
Texas, and West Coast. Get informa-
tion and sign up between 2:30 and
5:30 Thursday on Union 3rd floor
lobby or write Anthony Ringold, 328
Thompson. Don't delay. Guaranteed.
) 26G

WASHING, Finished Work, and Rand
Ironing. Ruff dry and wet washing.
Also ironing separately. ftre pick-
up and delivery. Ph. NO 2-9020. )21
All found in GENERATION, out De-
cember 2nd.

Help" FightTB


Chicago College of
(Fully Accredited)
An outstanding college serving
a splendid profession.
Doctor of Optometry degree in
three years for students enter-
ing with sixty or more semester
credits in specified Liberal Arts



STUDENT to wait table for meals.
Phone NO 2-6422. )46H
WANTED-Full or part time fish dresser.
Top pay depending on experience.
Washington FishnMarket, 208 E.
Washington._Apply in person. )50H
board. Girl wanted to live with fam-
ily and assist with children. Private
room. Could begin sooner. Position
available after holidays. NO 2-7040
after 7. )51H

I I In

offers its first production
adapted from Hans Christian Anderson '
209 1/2 E. Washington



Students are granted profes-
sional recognition by the U. S.
Department of Defense and
Selective Service.
Excellent clinical facilities.
Athletic and recreational activi-
ties. Dormitories on the campus.
1851-C Larrabee Street
Chicago 14, Illinois "

Sat., Dec. 5
3:00 P.M.

Sun., Dec. 6
2:00 P.M.

Sun., Dec. 6
4:00 P.M.
NO 8-7301


Admission 75c

F ___ _ I

~~~ - - ------


"Entertaining and absorbing drama."-Ann Arbor News
"Fully as satisfying as 'Desire Under the Elms'"
-Tom Arp, Michigan Daily

r I



Week Day
Shows Today Matinees ..... .85c
12:00 2:20 Evenings
4:40 and Sunday. ...$1.25
7:00 9:25 Children.........50c

Doors Open
Shows at
1,3,5,7,9 P.M.


Matinees 50c
Nights 70c




I 1 8ui U U IDT:R TIM ei

..,.... .: . ........._. , v .... ... __.... ...... . _.......... _ ._._.......... _ _ ......... .... . .. ..... _ _ . ...

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