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July 14, 1931 - Image 1

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Publication:
Michigan Daily, 1931-07-14

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BSTABLISHED
1920

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MEM14BER OF THEI
ASSOCIATED
PRESS

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VOL. XI, NO. 13.

FOUR PAGES

ANN ARBOR, MICHIGAN, TUESDAY, JULY 14, 1931

WEATHER: Fair Today.

PRSCE FIStE CErfTS

PRICE FIVE CENTS

GERMANY

ACTS

TO AVERT

FINANCIAL

CRASH

FR ENCH AVIATORS
BE I.VD NEARING
PARIS TOKIO GOAL
Labrix, Doret Last Reported
Passing Over Moscow
Sunday Night.
ENDRES BEGINS FLIGHT
Yerrington, Maloney, in Flight
From New York to Mexico
City, Forced Down.
(By Associated Press)
Joseph Labrix and Marcel
Doret were believed nearingthe
goal today on their non-stop
flight from Paris to Tokio in
an attempt to establish a new
straight-line flight record. The
last report of them was when
they passed oscow shortly be-
for midnight Sunday.
Other current doings in the air:
Alexander Magyar and George En-
dres left Roosevelt field, New York,
yesterday morning for Harbor
Grace, Newfoundland, on the first
leg of a one-stop flight to Hungary.
' Seth Yerrington and Edward Ma-
loney ended their projected non-
stop flight from New York to Mex-
ico City by a forced landing on a
beach between Tampico and
Brownsville, Texas.
Ingalls to Solo Atlantic.
Laura Ingalls continued eastward
in preparation for starting a solo
flight across the Atlantic from Har-
bor Grace.
Reg. L. Robbins and Harold Jones,
continued their return to Seattle to
try again in their attempt to make
a refueling flight to Tokio and so
win a $25,000 prize.
Plane Down in Texas.
MEXICO CITY, July 13.-(JP)-
The plane Captain Emilio Carranza
in which Edward Maloney and Seth
Verrington took off from New'
York yesterday on a projected non-
stop flight to Mexico City, crashed
today on the beach about 60 miles
north of Stot La Marina, between
Tampico and Brownsvtlle Tex.
An aviator who passed overhead
reported that apparently neither of
the two men in the Captain Car-
ranza was hurt.
HARBOR, GRACE, N. F., July 13
-(AP)--Alexander Magyar and
George Endres brought their plane,
"Justice to Hungary," down here;
at 5:32 p.m. (Ann Arbor time) to-
day.
BULLETIN OF RADIO
.TALKS ANNOUNCED
More Than 150 Michigan Night
Features Included in New
University Publication. '
A 267-page book describing the;
work done by the University Broad-
casting Service and containing
speeches given over the radio dur-
ing the past year has just been re-
leased, according to an announce-
ment by Prof. Waldo M. Abbot,-. di-
rector. Free copies may be obtained

in the registrar's office.
Through the co-operation of sta-
tion WJR, Detroit, half hour talks
were broadcast every afternoon of'
the regular 1930-31 session. More
than 150 members of the University
faculty spoke into the University
microphone in Morris hall.
Because of limited space only a
third of the speeches have been
published in the bulletin. Mimeo-
graphed copies of the other talks
may be obtained if the demand jus-
tifies such a service. A list of the
schools represented is as follows:
Literary college, College of Engine-
ering and Architecture, Medical;
School Law School, School of Den-
tistry, School of Education, School
of Business Administration and the

Decided Increase Seen
in Education Students
Figures released yesterday by the
School of Education show that the
number of Summer Session stu-
dents primarily interested in edu-
cational subjects has taken a de-
cided increase over last year. The
largestrnumber of elections has
'been from the graduate school,
where class registrations are over
1473 including duplications for stu-
dents taking more than one course.
This increase is in line with the
general tendency for a greater per-
centage of the total summer en-
rollment to be students with college
degrees. Two hundred and thirty-
one elections arenfrom the School
of Education proper and 58 from
the literary college, making a grand
total of 1762 in the various classes.
These figures, which represent an
increase of 140 over last year, do
not include classes in the Physical
Education department, it is said.
McCormick, Edmonson
Talk to Women's Group
"Students attending the Summer
Session should take part in the
social and athletic activities on the
campus," said Ethel McCormick,
Acting Dean of Women, at a meet-
ing of the Women's Educational
Club last night.
Prof. James B. Edmonson, dean
of the School of Education, said in
his talk on "Safeguarding Our
Teaching Career" that the teaching
profession is losing many of its
former attractions, and the tenden-
cies he enumerated were discussed
in an open meeting.
School of Music Trio '
Will Present Concert
The School of Music Trio, com-
posed of Wassily Besekirsky, violin;,
Hanns Pick, violincello; and Joseph
Brinkman, piano, will present its
first summer concert in the faculty
concert series at 8:15 o'clock to-
night in Hill Auditorium.
COLLEGES NEGLECT
COUNSEL,_IS CLAIM
Metropolitan Schools S ho u I d
Guide Students, States ,
Chicago Professor.
"In a college in a large metro-
politan center, one of the most im-
portant educational functions,
hitherto largely neglected, is that
of counselling and guiding," said
Prof. Clarence L. Clarke, of the
Lewis Institute of Chicago, yester-
day in addressing the third of a
series of afternoon conferences
sponsored by the School of Educa-
tion.
"A metropolitan college has
knocking at its doors not only a
much less selected sampling of
American society but also as a con-
sequence, a greater proportion of
individuals whose educational pur-
poses are not much above the level
of impulse," he said. "Many who
feels the urge for more education
are not able, without sympathetic
and intelligent assistance, to state
their purposes in terms that articu-
late with educational offerings."
"Another nest of problems are

those connected with part-time
education," he continued. "The.
exigencies of the situation call for
institutional arrangements which
are often considered unconven-
tional by the college world."
"A metiropo)tan college should
by the exercise of intelligence try to
to be responsive to the unique so-
cial forces surrounding it and to
the variegated human aspirations
for education which turn to it for
aid in fulfillment," Professor Clarke
stated. "If it attempts the latter.
course it can hardly escape being
somewhat unconventional. The bet-
ter way seems, however, less thorny
than in former times, for uncon-
ventioniality in the college world

Famed British Barrister Speaks
Before Student Conference
at Meeting Here.
REEVES DELIVERS TALK
Noted Political Scientist Urges
Building up of Common
World Interests.
"Let us place emphasis on jus-
tice in international affairs, andf
not on peace," said Alexander Ross,
noted British barrister, in his ad-
dress last night before the British-
American Student Conference on
International Affairs. He was fol-
lowed by Prof. Jesse S. Reeves of
the political science department.
"Rather than see injustice done
among nations," Ross continued, "I
would advocate the use of force."
Ross expressed the belief that In-
ternational arbitration should be
placed on the same legal basis as
national courts. "The Council of the
League of Nations is becoming the
international legislature," he stated.
Advisory Body Needed.
"The United States, I feel, should
strengthen the machinery for jus-
tice by entering into relations with
the World Court," he continued.
"What is needed is a strong advis-
ory and judicial body, not a compli-
cated network of treaties."
"In the creation of an interna-
tional body of that type, it must be
remembered, however, that nations
as well as laws cannot be static,"
he concluded. "Provisions must be
made for forward-looking change."
Profesor Reeves, in addressing
the conference, advocated t h e
building up of common interests
and interdependence among nations
as a means for preserving peace.
"Law," he said, "is based on pro-
tection of interests and restraint;
and peace is a maximum of stable
equilibrium between the two." f
Reeves Sees Future Amity.

Abbot to Tour France
as Publicity Manager

VON HINDENBER6 ORDERS 'BANK
HOLIDAY' IN DESPERATE EFFORT
TO REGAIN FINANCIAL STABILITY

Prof. Waldo Abbot,
Member of the rhetoric depart-
ment, who will leave Ann Arbor
today and sail Saturday on the
"Paris" for a five-week tour of Eur-
ope as publicity manager for a
group of American physicians in-
terested in thermal and climatic
stations, visiting the more promi-
nent of European spas and health
resorts.
James Pollock Calls Germany
Political Barometer; Says
War Is Impossible.
"Germany is the political bar-
ometer of Europe," said Prof. James
K. Pollock of the political science
department last night at a meeting
of they Men's Educational club, "and
at the present time it is at the low-
est point it can safely be."
"Until 1929 there was a friendly
spirit prevailing in Europe but since
that time the blatant voice of nat-
ionalism has had too much to say.
Unless a more friendly political at-

World Bank Directors
Grant Luther's
Appeal.
CREDIT RENEWED
BASEL, Switzerland, July 13-(P)
-The directors of the World Bank
for International Settlements late
tonight agreed unanimously to re-
new the World bank's participation
in the rediscount credit of $100,-
000,000 accorded to the Reichsbank
June 25. The decision was made as
part of an effort bay the World
bank directorate to save Germany
from financial disaster.
The directors further responded
to the appeal of Dr. Hans Luther,
president of the German Reichs-
bank, by declaring the World bank
is ready to collaborate fully with
the various governments to obtain
financial assistance for Germany
on their respective markets.
The rediscount credit referred to
was advanced jointly on June 25
in sums of $25,000,000 each by the
Federal Reserve bank of the United
States, the Bank of France, the
Bank of England, and the World
bank.
Renewal was authorized begin-
ning July 16, for a maximum of
three months.
A communique issued at the close
of the meeting at 11:30 p.m. said:
"The board of directors took note
of the showing made to it by Dr.
Luther, president of the Reichs-
bank, regarding the situation in
Germany, and the satisfactory
character of its economic and bud-
getary position in spite of the crisis
provoked by the withidrawal of
short-term capital invested in Ger-
many.
"Having been given notice that
the German government had ad-
dressed itself to divers governments
for financial assistance on their re-
spective markets, the board is con-
vinced of the necessity for such
assistance in the present circum-
stances and declares itself ready
to collaborate therein and to assist
it by all means at the disposal of
central banks."

Reischbank Alone Free
From Closing Order;
Runs Reported.
BANKS MAY OPEN
AGAIN THURSDAY
All Money Transfers
Prohibited; Post
Offices Closed.
BERLIN, Germany, July 13-
(P)-The German government
shortly before midnight tonight,
ordered all banks in the nation to
remain closed Tuesday and Wed-
nesday as a desperate measure
to halt demands for currency
which today threatened the
country's financial stability.
The government's action was
taken following upon the issuance
of a decree by President von Hin-
denburg, authorizing !the cabinet
to "declare bank holidays." Presi-
dent von Hindenburg's decree was
issued under authority given .him
by Article 48 of the constitution to
resort to what amounts to dictoral
powers in such emergencies.
The decree also gave the govern-
ment authority to declare a fur-
ther extension of the time the
banks must ;remain closed if it were
found necessary.
The government hoped tonight,
however, that it would be possible
for the banks to open again on
Thursday, at least.
Reichsbasnk Exempt
The Reichsbank is the only credit
institution in the nation exempt
from the closing order.
At the same time that it ordered
the banks closed, the government
also prohibited the banks and the
postoffice money order department
from handling payments r trans-
fers of money either to points in-
side Germany or abroad.
This not only erects a wall
against the flight of capital from
the capitol, but it means practically
a general moratorium within Ger-
many until the banks reopen.
The stock exchanges throughout
the country were also ordered to
remain closed throughout the week.
No Runs in Berlin
The necessity for the President's
action, it was said, arose not so
much from the situation in Berlin,
where real bank runs did not de-
velop although the withdrawals
were heavy and the banks paid only
a percentage of deposits, but out
of what was said to be a much
more serious outlook in the Rhine-
land, where runs developed quickly
and authorities announced that
municipal savings banks would be
closed Tuesday and Wednesday
without waiting for the President
to act.
Germany Owes United
States Two Billions
WASHINGTON, July 13-(IP)--
American business, with $2,000,000,-
'000 or more at stake, today kept
close watch on the German finan-
cial situation.
Between $1,350,000,000 and $1,-
500,000,000 long term investments
in Germany, most of it acquired
since the World war, are held in
America.

I Y[ST[ R DAY '
American League
Athletics 12,4; Washington 7, 6
National League

Professor Reeves struck a note of titude is taken by the various na-
hope for future amity. Although tions of Europe, the economic re-
common interests seem small and covery we hope for cannot be
frequently interrupted by war, realized," he said.
many cooperative movements can "Bruening and Luther are not
be seen. Piracy and slavery have politicians playing with human mis-
been put in disgrace international- ery but are hard-headed economists
ly, and such organizations as the and deserve the help of every na-
Red Cross are yearly becoming tion in the world." Continuing1
stronger." further Professor Pollock said that'
Both British and American stu- Great Britain is perhaps the great-
dent members of the conference est force for peace. During the re-
agreed that the United States cent Austrian economic crisis when
should enter the League of Nations France refused financial support, it
at the meeting during the day of was British money that tided the
the commission devoted to the sub- government over, he said.
ject. Professor Pollock saw little pos-
Further limitation of armaments sibility of war within the next dec-
and improved international legisla- ade because "the countries are too
tive organization were advocated by financially exhausted to carry on
the other two commissions. a first class war."
WORLD WILL CATAPULT INTO SPACE
ALMOST IMMEDIATELY, SAYS ORATOR

1
I
.,

By Edgar H. Eckert.

"Prepare to meet your fate," was
the warning given to a street cor-
ner gathering yesterday by an ora-
tor styling himself a scientist and
a religious prophet extraordinary.
The world is 250,000,000 years old,
according to the "wonder man of
science," and it is no longer cap-
able of sustaining its burden; as
a result we may expect to be cata-
pulted into space at any time now.
Because of this far reaching know-
ledge which science has given him,
combined with his love for his fel-
low men after the fashion set by
Abou Ben Adam, Augustus Wesley
has set out to warn the world of its
fate so that it may yet repent its
wrongs.
Mr. Wesley found that his listen-
ers were more willing to dispute his

impression gained from the number
of questions hurled at the speaker
by ardent hecklers. Purchasers of
a book written by Mr. Wesley toI
explain his theory of geology were
sadly lacking.
The affects of the depression on
the book business did not daunt
Mr. Wesley's courage to the extent
of preventing his granting an inter-
view after the lecture. Newspaper
interviews are not a new thing to
the lecturer of science, he explained:
to us confidentially. "Can't lose
any time in letting people know,"
he said. An extensive campaign to
inform the inhabitants of this sec-
tion of the earth is planned by the
man of science. Having already vis-
ited 36 towns and crossroads and
made over 200 speeches, according
to his own estimate, Mr. Wesley
says he intends to carry on until th6

Fight Over Congressional Rules
Forces Adjournment of New
Body's First Session.
MADRID, July 13-(IP)-Spain's
first republican constituent assem-
bly since 1873 had a strong prelude
,tonight to tomorrow's formal open-,
ing.
While Jose Ortega y Gasset was
attacking and Minister of the In-
terior Maura was defending the re-
cently drafted congressional regu-
lations, virtually every one of the
assembly's 370 members simul-
taneously clamored for the floor.
During ,the excitement Narciso
Basquez Lemus, the oldest deputy,
who was presiding, took his hat and
adjourned the session.
The only point agreed on was
that the assembly's sessions shouldI
last five hours, starting at 7 p.m.,
and that they might be prolonged.
Dr. Rankin to Address
Afternoon Conference
Dr. Paul T. Rankin, director of
research and adjustment, Detroit
public schools, will address the con-
ference to be held at 4 o'clock to-
morrow afternoon in the auditor-
ium of the University High school.

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