PAGE TWO

THE SUMMER MICHIGAN DAILY

SATURDAY, JULY 26, 1924

OFFICIAL NEWSPAPER OF THE
UNIVERSITY OF MICHIGAN
SUMMER SESSION
Published every morning except Monday
during the summer session.
Member of the Associated Pres. The As-
sociated Press is exclusively entitled to the
sse for republication of all news dispatches
credited to it or not otherwise credited in
this paper and the local news published here-
in.
Entered at the postoffice, Ann Arbor,
Michigan, as second class matter.
Subscription by carrier or mail, $1.So.
Offices: Ann Arbor Press Building.
Communications, if signed as evidence of
good faith, will be published in The Summer
Daily at the discretion of the Editor. Un-
signed communications will receive no con-
sideration. The signature may be omitted in
publication if desired by the writer. Ths
Summer D~aily does not necessarily endorse
the sentiments expressed in tk e communica-
tons.
EDITORIAL STAFF
Telephones 2414 and 376-M
MANAGING EDITOR
ROBERT G. RAMSAY
News Editor............Robert S. Mansfield
Chairman of the Editorial Board......
.............Andrew E. Propper
City Editor........ .Verena Moran
Night Editor...........Frederick K.aSparrow
Telegraph Editor..........Leslie S. Bennetts
Womens' Editor.............Gwendolyn Dew
STAFF MEMBERS
Louise Barley Marian Kolb
Rosalea Spaulding Wentey B. Irouser
Marion Walker J. Albert Laansma
Dwight Coursey Marion Meyer
Marthat Chase Mary Margaret Miller
Wray A. Donaldson Matilda Rosenfeld
Geneva ];wing Dorothy Wall
Maryland E. IIartloff
BUSINESS STAFF
Telephone 960
BUSINESS MANAGER
CLAYTON C. PURDY
Advertising Manager.......Hiel M. Rockwell
Copywriting Manager.......Noble D. Travis
Circulation Manager.......Lauren C. Haight
Publication Manager........ C. Wells Christie
Account Manager..............Byron Parker
STAFF MEMBERS
Florence E. Morse Florence McComb
Charles L. Lewis Maryellen Brown
SATURDAY, JULY 26, 1924
Night Editor-C. ROBERTSON

sire to see the world and to enjoy
themselves in the seeing. A tour-
ist along the Lincoln highway to the
west coast will be surprised as he
notes the number of "house cars" tak-
ing the same course. They traverse
the paths of winding canyons; they
survive the trails of heat and sand;
they are the prairie schooners of the
modern gypsies winding their way
picturesquely through 20th century
life.
RECENT TENDENCIES IN THE FOR-
EIGN AFFAIRS OF JUGO-
SLAVIA
Of all the states constructed from
the debris of the Great War perhaps
the most interesting is the kingdom of
Jugo-Slavia. Towards the latter part
of October, 1918, Croatia, Slavonia,
Bosnia, and Dalmatia declared their
independence from the tottering Aus-
trian empire, and a month later de-
clared their desire for union with the
old Serbian and Montenegrin do-
mains in a new South-Slavic nation.
After some lengthy discussion, the
king of Serbia was selected as their
monarch, and Belgrade was made the
capital. The new government almost
immediately met with difficulties with
Italy as regards the sea-port of Fiume,
and the greater part of four years
was consumed in untangling it. To
look at a political map, one would
find no reason for this controversy,
as this kingdom seems to have a suf-
ficiently lengthy-coast-line, but one
glance at a relief may will satisfy
the curious that this port is an ab-
solute necessity to Jugo-Slavia and a
most desirable possession for Italy.
For this section of the adriatic, though
broken up into many inlets, is walled
in by high and rocky coasts, and
Fiume is the only suitable port for
extensive trade with the outside
world; hence the quarrel. Finally, in
1922, it was decided' that Fiume
should be made an independent city,
governed by a council of five, consist-
ing of two Italians, two Jugo Slavs
and one resident of Fiume.
The government of Jugo-Slavia as
before stated, is presided over by the
old Serbian house, and the legislative
body consists of one house, in which
the Serbians have a great majority of
representatives. For this reason, the
Croats are prone to a degree of dis-
satisfaction and insurrection, for
they claim, not without cause, that
this system is merely a Greater Ser-
bia, whereas each of the several
states comprising the confederation
came in of their own free will, and
with the purpose of establishing a na-
tion in which equal representation
should be assured; besides, the Croats
claim that they received a much bet-~
ter administration under the sovere-~
ignity of H-ungary.
In this matter, the Serbs have em-
ployed very clever diplomacy, and
have at last succeeded in removing
much of the former restlessness,
which at one time had even become
so acute as to agitate a movement
for separation.
The position of this state has been
strengthened in many ways, which
speaks well for its diplomats. The
"Little Entente" was effected be-
tween Jugo-Slavia, Roumania, and
Czecho-Slavia only by the most sub-
tle and brilliant moves; animosity
with Greece has been successfully
buried, and at present conditions are
so friendly between the two coun-
tries that Greece permits the free use
of the port of Saloniki, thereby giv-
ing these peoples an outlet on the
Agean sea, which is something that
the southern Slavic races have desir-

ed for a period dating backto their
existence as independent states.
What attitude to take as regards
Russia is still a great problem, for it
cannot be denied that the Jugo-Slavs
fear the spread of the Soviet move-
ment, but the Russians are after all
their blood-brothers), 4nd on more
than one occasion previous to 1914,
have aided them in their efforts to-
ward independence.

: . ....... ... 1 7-

in the future, for at present such a
plan is as feasible as mixing water

:i

and oil.
Farmer Changed
ToA SpeculatorI
In Grain Pool
The American farmer is now in the
marketing and selling as well as the
producing end of the grain business.
He has formed a $26,000,000 corpora-
tion and taken over the elevators and
other facilities of five of the largest
Chicago grain concerns: The Arm-
our Grain company, Rosenbaum Grain
company, Rosenbaum Bros., J. C. Shaf-
fer and company, and Davis-Noland-
Merrill Grain company.
The organization expects to do a
regular business, both domestic and
export, operating according to rules
and customs of the various exchang-
es. Members .of the association, ac-
cording to the co-operative market
act, must be bona fide producers and
will be required to purchase one share
of common stock, and one share of
preferred stock. The articles of in-
corporation further provide that the
grain marketing company can handle
grain of non-members who will of
course, not share in the patronage
dividend.
The farmers, it becomes evident,
hope to realize higher prices by what
they call "orderly marketing." One
advocate of this plan points out that:
"The producers would still sell
their grain as at present, and would
still grope blindly to find the right
time to sell. The co-operative com-
modity marketing plan involves the
organization of producers to effect
pooling and orderly selling for the
inefficiency of individual dumping.
"The merger plan would tend to
support and perpetuate the specula-
tive system of price control, the oth-
er aims to freeing the operation of
the law of supply and demand from
that blighting influence. The one
plan calls for a combination of the
channels and agencies of trade, and
the other for organization of the pro-
ducers of grain and the control of
the movement to market of the com-
modity itself."
It is evident that by "orderly mar-
keting" the farmers mean more sales
in the later crop months. Half the
wheat raised is sold within ninety
days after the harvest, but, and this
fact must not be lost sight of, it does
not necessarily mean that the produc-
ers lose money by prompt selling.
Holding the crop and waiting for a
raise is speculation and any profits
that come as a result of such opera-
tions are not producers' profits but
speculators' profits. As we see it,
therefore, "orderly marketing" is
merely another phrase for specula-
tion. It must be added that, con-
trary to general public opinion, the
profit of the speculator Is earned and
does not come as a gift. His is an
important function in the world mar-
kets. But, with this $26,000,000 cor-
poration, the farmer expects to earn
not only the profit of the producer,
which rightly belongs to him, but like-
wise the profit of . the speculator,
which the latter earns for assuming
a part of the finance burden. On the
whole, the farmers had better leave
speculation to the speculators.
Know Your Campus

- 1
t z= -- ------ ~ - -- - -
O_ _
.A
"YU'E OTTO60DON IRT

"Nature gives us absolutely
nothing; we must win it by toil
of some sort or degree. The
race of man must either labor
or perish.
. "Let. us see, then, if she does
not give us some compensation
for this compulsion to labor,
since certainly in other matters
she takes care to make the acts
necessary to the continuance of
life in the individual and the
race not only endurable, but
even pleasurable.
"Yet, first we must say .
that there is some labor which
is so far from being a blessing
that it is a curse; that it would
be better for the community and
for the worker if the latter were
to fold his hands and refuse to
work, and either die or let us
pack him off to the workhouse
or prison-which you will.
"Here, you see, are two kinds
of work-one good, the other
bad; one not far removed from
a blessing, a lightening of life,
the other a mere curse, a bur-.
den to life.
"What is the difference be-
tween them, then? This: the
one has hope in it, the other
has not. It is manly to do the
one kind of work, and manly
also to refuse to do the other."
WILLIAM MORRIS.


I


WHO ARE YOUR
ASSOCIATES?
That is a question that means much
socially. It means a deal more in
business and finance. This bank
off')rs you bank connections that
will be valuable to you in the busi-
ness 'world.
FARMERS &
MECHANICS BANK
101-105 S. 3Main St.
330 So. State St.
Member of the Federal Reserve

11

;


f
I
I
I
I
i
f,
i
I
f
i

FOR BETTER
SUMMER FOOD
TUTTLE'S
LUNCH ROOM
Phone 150
338 Maynard St. South of Maj

___.

.. ..

_.

L ,a-1
. rT
I
. _
,

I

I

GYPSIES
Universally known are those pic-
turesque characters of vagabond life
whom people call gypsies. Both in
reality and in fiction they have wan-
dered endlessly in their tumble-down'
prairie wagons, appearing and disap-
pearing, here and there, more silently
than the Arabs, and more mysteri-
ously. They are always reported as
having been in the neighborhood
when a kidnappihg is discovered or
are the rolling stones, happy-go.
lucky, colorful wanderers of the
ages.
But a new tribe of gypsies has ar-
rived, a modern set of higher repute
but equal attractiveness. These mod-
ern gypsies have replaced the prairie
wagon with the automobile, a ma-
chine equally well fitted to bear them
through a life of wandering. They
may be found during the summer
months in the northern tourist camps,
and in the winter they have migrated
to the south; they carry their kitch-
enettes with them. Theirs is the life
of the podern gypsy, the 20th century
vagabond.
Strange as it may seem, the mem-
bers of this band are not inconse-
quential. Many families have adopted
the auto trail as the best road to un-
failing health. Others have found it
the most economical way to avoid
the problem of high rent. Still oth-
ers have employed it to satiate a de-


Towards Turkey and Italy, as well
as Bulgaria, they maintain a some-
what bellicose position, for these are

I .

the nations with whom they are most
likely to conflict in the future. In
fact it has been effectually proved
that the only method the Serbs could
employ to prevent Croatian separation
was the reminder that Croatia, alone,I
would be in imminent danger of be-
ing annexed by Italy or Hungary, as
both of the latter states have looked
the treaty of Versailles.
But as a whole, this state is on the
road to prosperity. A great stimulus
to education has been brought about,
effective agrarian reforms have been
made, railways have increased in
mileage, and their foreign trade has
almost doubled. Despite the diversity
of races throughout the penninsula,
it is not altogether improbable that
this state may some day pave the
way for a great PBalkan republic.
But if this is possible, it will come far

It would not be fitting and prop-
er to plant a tree on campus, a spe-
cial and significant tree, without a
tablet of some sort near it explain-
ing its presence. So the Class of '69,
the tree having been planted, decided
to place a rock beneath its verdant
shade.
With a draw and four horses the
entire class, in gala aray, marched
halfway to Ypsilanti on the Washte-
naw road where the historic "calico
rock" stood. After much hard labor
the five thousand pound pudding stone'
was heaved aboard the dray and car-
ried, late that evening, to its present
resting place-between South Wing
and the new Literary building.
For nights a delegation of four boys
had to guard the Haven Elm Rock
so that it would not be buried, paint-
ed, or carried away. So it is evident
that many exciting events occurred
before its permanency in this position
was assured.
To add to its fame this class, in its
sophomore year, selected the class
colors "Maize and Blue." These colors
were adopted by all subsequent class-
es and finally by the University.
Paris, July 25.-Mr. and Mrs. Wil-
liam Gibbs McAdoo placed a large
bouquet of roses on the tomb of the
unknown soldier in the name of Wood-
row Wilson's family.

Jaqueline: "I'm cold, Jack; take me
inside your coat."
Jack : "Pay before you enter; this is a
Finchley one man coat."
(Apologies to The Wasp)
Famous
Blend's
Remember its soothing smoothnes?
-that's gone but Oh Henry's equaly
smooth. It's the proper blending ofrich
butter cream, caramel, crisp nuts-and
milk chocolate that has nmadeOt
Henryl famous.
Oh Henry!
A Fine Candy- I Uc Everywhsere

I

u

j