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April 29, 1958 - Image 2

Resource type:
Text
Publication:
Michigan Daily, 1958-04-29

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THE MICHIGAN DAILY __________TUS
BECOMES 'ASA':
Cm'Iigras Satin Time Set Back forCide Cei
-1 1 0 T . .'..SA@fhf

The starting time of the Michi-
gras parade was set back at the
request of the Ann Arbor police so
schoolchildren could watch the
parade, according to Rick Levitt,
'58BAd, Michigras general chair-
man.
Levitt explained the Michigras
central committee had originally
asked for a late afternoon start-
ing time. Police officials had told
them a late afternoon parade
would interfere with traffic.
The 3 p.m. starting time was
then chosen, Levitt said, but at
the last minute the police asked
that the parade be delayed for the
benefit of the schoolchildren.
Both Levitt and Union Presi-
dent Barry Shapiro, '59, said this
year's was the most successful
Michigras. Levitt estimated that
the profits would be 20% higher
than ever before.
The total admission was esti-
mated at between 20,000 and 23,-
000. There was an estimated sale
of 430,000 tickets for the individual
events inside the fairgrounds.
The Michigras parade had
caused other headaches for the
parade committee. Their efforts to
keep spectators out of the street
were for the most part in vain.

Prof. Warren L. Smith of the
economics department said that a
system of selection credit controls
would enable the Federal Reserve
Board to do a better job of guiding
the nation's monetary policies.
In a recent review of a six-
volume series published by the
Board on the economic question,
Prof. Smith reported that most of
the authors included in the study
feel that consumer credit con-
tributes to economic instability.
He maintains that while credit
alone is "rarely of pivotal im-
portance" when the economy turns
up or, down, it may tend to ac-
celerate a trend in either direction.
Prof. Smith reported that few of
the contributors to the study seem-
ed to believe that consumer credit
is very responsive to the "tight" or
"easy" credit policies of the Board.
He said that one reason for this
may be that consumers just don't
pay much attention to interest
rates, provided the down payment
and monthly rates seem reason-
able.
The result of this, Prof. Smith
said, is that the Board must go
quite a ways toward either a
"tight" or "easy" policy to have
any appreciable affect on con-
sumer borrowing.
When the Board does, however,
certain segments of the economy
feel the effects more than others-
the pinch is usually worse for
small businessmen, residential
construction and some types of
local and government spending.
Prof. Smith maintains that
selective credit controls could even
out some of these effects, which
would make the Federal Reserve
Board's policies more effective and
more fair.

-Daily--George Keefer
FRENCH CUISINE-This routine featuring Phil Burns was one of
the highlights of the Newberry-Gomberg show. The showgirls are
Nancy Nowille, Dennie Carne, Addie Eades, Delene Domes, Kathy
Bean and Alice Annette.

;:, . y1CONCERN FOR EVERYONE':

Moore Answers Renewal Opposition

A. D. Moore, chairman of the
Citizens Committee on Urban Re-
newal, replied yesterday to peti-
tions opposing the plans for the
urban renewal project in north-
central Ann Arbor.
Businessmen in the area began
the movement, according to
George A. MacVicar, a spokesman
for the movement.
Moore stated that a business-
man would naturally be con-
cerned over the project insofar
as it affects -him personally,, "but
when he takes it upon himself to
attempt to block the whole pro-
ject, it is a matter for concern for
everyone else.'
Answers Allegations
Moore answered the allegations
made in connection with the cir-
culation of the petitions point, by
point.
In reply to the first, that "it
would eliminate the state high-
way (M-14) which connects di-
rectly with the North Campus,"
Moore said the HHFA insists that
good plannng requires the diver-
sion of through traffic, which
down-grades a residential area.
He added that there has been, as
yet, no final settlement. on the
question of street closings.
As for another, stating "It re-
moves a direct fire rout to many
parts of the area, making fire pro-
tection hazardous," Moore pointed
out that many of the old buildings
in the area are firetraps, and the
dangers are multiplied by their
being too close to other structures.
One purpose of urban renewal is
the elimination of such dangers.
To Rehabilitate
To a third claim, "it will cause
unjust and uncompensable hard-
ship to business and residential
owners in the proposed area,"
Moore replied, "The purpose of
urban renewal is to take a blight-
ed area which will inevitably be-
come worse (thereby imposing
hardship on all of the people liv-
ing in it), and, by means of doing
a complete job, get that area
turned around, rehabilitated, and
started uphill toward better hous-
ing and higher standards of liv-
ing. "Also, let us not forget, bet-
ter business." Business might suf-
fer a temporary loss, but will be
better off' in the long run in a
good commercial zone, he said.
As for residential properties, he

added, owners must be paid in
terms of just appraisal for homes
taken because they are not worth
rehabilitating, and provision must
be made for relocation of the resi-
dents.
Claim Hardship
In regard to a point stating that
"the proposed plan will result in
untold and multiple hardships to
many who have located in the
area, often without choice, and
have developed homes and raised
families," Moore pointed out that.
it is just these people who will be
most helped by urban renewal.
People are. not being "forced to
vacate," as the point continues,
since urban renewal is not yet
underway, and cannot be for some
time.
Moore adds that if urban re-
newal is not carried out in the
area, its residential parts will suf-
fer from the infiltration of com-
merce, causing mixed land use.
"The plan itself, if fully carried
out, does not disclose, we feel, its
true purpose or who actually
stands to benefit thereby. Can the

city officials who propose the plan
tell us its true purpose? Or will
they?" asked another person.
To this, Moore replies that the
Ann Arbor Council and the plat-
forms of both parties endorse Ur-
ban Renewal for the city, and
asks if anyone could believe that
all these people have managed to
keep secret the 'true purpose" of
urban renewal.
To the point which claims "The
plan does not assure residents of
the area that the rentals of any
project therein will enable the
present owners to occupy them,
either from the actual rentals or
from the plan of who is to occupy
same," Moore's reply is that the
HHFA simply will not give final
approval unless it is guaranteed
that facilities will be available for
those who are to be relocated.
"The plan is," Moore concludes,
"and has to be, made up and car-
ried out in strict conformance
with all of the provisions of law
as found in the Housing Act of
1954, and other law as it may af-
fect the project."

715 N. University

-

r

LAST
DAY!t

DIAL
- . NO 2-3136
Just What the Doctor Ordered!"
-- Crowther, Times

"PERFECT!

F ioning Forms available at the Union Student Offices.
PETITIONS DUE MAY 5.

M-0-M presents A % C. SIEGEL Production stard n
DANNY KAYE -
MERRY ANDREW \'
co-starring PIER ANGEL
BACCALONI *"NOEL PURCEL, ROBERT COOTE
In CinemaScope and METROCOLOR
* . . Starting WEDNESDAY
"A MASTERPIECE 1"
- Herald Tribune
"DOES FOR THE SCREEN WHAT TENNESSEE
WILLIAMS DID FOR THE STXGE!"
- Crowther, Times

-

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Thp twno fastest deoidoransin, the world!

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