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July 22, 1931 - Image 4

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Publication:
Michigan Daily, 1931-07-22

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'88 3tTiVIlVIRR MICffita AN DAILY
.:-- -

WEDNESDAY, JULY 22, 1931

Daily Official Bulletin
Publication in the Bulletin is constructive notice to all members
of the University. Copy received at the office of the Dean of the
Summer Session until 3:30, excepting Sundays. 11:30 a.m. Saturday.

AMERICA PROPOSES
SYSTEM Of CREDIT
TO HELP GERMANY

WEDNESDAY, JULY 21, 1931

NUMBER 19'

Excursion No. 7: General Motors Proving Ground will be visited
Saturday morning, July 25. The extensive road and laboratory facilities
of the General Motors Corporation will be inspected under the guidance
of plant engineers. The party leaves in special busses from in front of
Angell Hall at 8 a.m. Round Trip, $1.00. Tickets must be secured in
room 9, University Hall, before Friday, July 24, 5 p.m.
Carlton F. Wells
Conferences for Graduates: Michigan State College Alumni are
having a banquet at the Michigan Union at 6:00 p.m. this evening.
Dean Ward Giltner wil act as toastmaster. Dr. Robert Shaw, President
of Michigan State, will be present. The principal address of the evening
will be by Dean J. B. Edmonson who will speak on some interesting
phase of Education.
Those interested in graduate conferences in education: In connec-
tion with the Graduate Conferences in Education being held at the
Michigan Union during this week the morning session today (10 to 12'
a.m.) will consist of five separate group meetings as follows.
City School Administration in Large Cities, Professor A. B. Moehl-
man; School Administration (Cities of less than 5,000), Professor George
Carrothers; Vocational Guidance, Professor Geo. E. Myers; Elementary
Education, Professor Clifford Woody; High School Instruction, Professor
Raleigh Schorling.
Wednesday afternoon graduate Conference in education. V. S.
Blanchard, Department of Physical Education, Detroit Public Schools,
will act as Chairman of this conference which will be held from 2-4 p.m.
at the Michigan Union. Professor J. R. Sharman will discuss "Pro-
gressive Practices in Physical Education" and Professor John Sundwall
will speak on "Progressive Pr actices in Health Education."
Pniversity Women: There will be a swimming party for women on
Friday, July 24th at one of the nearby lakes. The fee will be fifty
cents and tickets should be purchased from the Physical Education of-
fice in Barbour Gymnasium before Friday noon.
The group will leave Barbour Gymnasium at five o'clock. All women
students are cordially invited.
Physiological Chemistry 120-The first lecture of this course will
be given on Friday, July 24, at 7:00 a.m. in the West Amphitheatre,
West Medical Building. H. B. Lewis
Sigma Delta Psi: Instruction and testing for Sigma Delta Psi, the
National Honorary Athletic Fraternity, conducted daily from 1:30 to
2:30 p.m. See Harold Copp at Ferry Field or Intramural Building.
Paul R. Washke
Phi Delta Kappa: There will be a very important business meeting
of Omega Chapter, this evening at the Michigan Union at 7:00
p.m.. All active members in good standing are urged to be present.
L. 0. Andrews, President
Phi Delta Kappa initiation will be held at the Chapel of the Michi-
gan League at 7:30 p.m. Thursday, July 23rd. There will be a table re-
served in the League Cafeteria for members of Phi Delta Kappa that
evening. Esther L. Belcher
The Michigan Socialist Club: Harold O. Reade, of the League for
Industrial Democracy Labor Chatauqua in West Virginia, will speak on
"Socialism and the Coal Industry" at 8 o'clock this evening at the Michi-
gan Union. All students and faculty are invited.
Fall Commences Prison T erm at Penitentiary
in New Mexico; Will Serve One Year, One Day
SANTE FE, N. M., July 21.-(P)- sician, said Fall was in "no condi-
Albert B. Fall today became No. tion to be confined." "He is un-
6991 in the New Mexico state peni- able to take care of himself," Dr.
tentiary-s4tripped of his citizen-
ship rights in the state which has Gambrell said: "is not certain of
heaped honors upon him, his feet and requires constant at-
The 70-year-old former secretary tention."
of the interior was committed Mon- In response to a telegraphic re-
day night to serve a sentence of a quest from Pardon Attorney Finch
year and a day on conviction of in the department of justice at
accepting $100,000 to negotiate a Washington, United States Marshal
lease on federal oil naval reserves Joseph F. Tondre dispatched a tele-
while he was a cabinet member. gram notifying him that Fall had
The commitment marked the end been committed. Some specula-
of an eight-year legal battle. tion was aroused by the exhange
Bolste:ed, by two heart stimu- of messages.
l',nts administered by his physician ----
while enroute by ambulance from WASHINGTON STATE COLLEGE
his ranch at Three Rivers, Fall was --Junior men here allowed their
immediately taken to a private beards to grow for the two and one-
room in the prison hospital. Dr. half weeks before Junior Week, as
J. H. Gambrell, his personal phy- a distinctive feature of that affair.

Asks Banks to Maintain Volume
of Credits to Reich, London
Conference Learns.
STIMSON SUBMITS PLAN
Restoration of Confidence, Aim
of Proposal; British Give
Favorable Reception.
WASHINGTON, July 21.-(IP)-
A proposal by the American Gov-
ernment that the bankers of the
world maintain their present vol-
ume of credits to Germany has been
laid before the interested powers
at the London minister's confer-
ence.
Acting secretary William R. Castle
of the State Department made
known today the details of the for-
mal suggestions approved by Pres-
ident Hoover for relieving Germany.
At the outset the American pro-
posal placed entirely in Europe's
hands the solution of the political
problems.
Confined to Banking.
The American proposals were
confined to banking operations. It
was suggested that the mainten-
ance of the present levels of credits
be supplemented, with continued'
measures by Germany to stem the
internal tide within that country.'
It proposed the establishment of
a committee of the Bank for In-
ternational Settlements or through
other means to obtain co-operation
in consulting world banking inter-
ests for renewal of short term
credits into long term, credits.
Castle estimated the total of the
short term credits at $1,200,000,000,
one-half of which is held by Ameri-
can banks.
Cite Economic Strain.
The proposals pointed out that
the strain on Germany's economic
structure had come from the "flight
from the mark" in Germany and
the withdrawals of foreign credits.
It cited the restoration of confi-
dence in Germany's economic life
as the actual purpose of the pro-
posal through economic measures.

Text of Von Hindenburg's Plea
to President Hoover Published
NEW YORK, July 21.-(1P)-The life and an increase in the number
Associated Press herewith publishes of unemployed who already com-
the appeal from President Von prise more than one-third of the
Hindenburg of Germany to Presi- labor engaged in industry.
dent Hoover, which was cabled to "The ability, the will to work and
Washington by the German Presi- the dis.ipline of the German people
dent on June 20. For some reason justify a confidence that Germany
unstated it has never yet been made will live up to the heavy private
public, either in Washington or Ber- operations and meet the private
lin. The following is the text: loans which rest on her and which
''June 20, 1931. can not be changed.
"Mr. President: Immediate Aid Asked.
"'The dire distress of the German "In order to keep up her courage
people, which is now at its highest to face life and the confidence of
peak, compels me to turn to you the world in her ability to fulfill
with this extraordinary step. her obligations, Germany, however,
"The German people have lived is most urgently in need of relief.
through some infinitely difficult This relief must come immediately
years, with a climax during the last if disaster is not to befall us and
winter. Even this spring the hope others. Our people must be vouch-
for improvement in our business safed the possibility of working
and industry has not materialized. under conditions of life which are
Relief Measures Fail. unbearable.
"I, therefore, have put into ef- "The relief which is necessary
powers conferred on meniteidigrefi would, through its material and
fect, through the extraordinary moral effects on the general crisis,
powers conferred on me by the redound to the benefit of all coun-
constitution of the Reich, measures tries. It would improve conditions
intended to safeguard the execu- in other countries and essentially
tion of the most necessary tasks of reduce the danger to Germany of
state and to maintain the possibil- the internal and external tensior
ity of life for our unemployed popu- and strain that have been created
lation. These measures cut deeply by our distress and lack of hope.
into all economic and social rela- "You, Mr. President, as represen-
tions. They demand heaviest sacri- tative of the great American people
fices from all parts of our popula- hold the possibility within your
tion. hands of taking the steps for the
"Every possibility of improving German people and for the world
the situation by internal measures, by which an immediate change in
without relief from the outside the situation, so fraught with dan-
world, has been exhausted. The eco- ger, can be brought about.
nomic crisis from which the entire "(Signed) VON HINDENBURG"
world is suffering strikes the Ger-
man people who have been robbed
of their reserves through the conse-
quences of the war, with especial "IT PAYS TC
vehemence.
"As the developments of the last EXPERT HAIR CUTTING
few days show, the whole world has FACE MASSAGING
lost its confidence that the German ALL FIRST CLASS WORKMEN
economic system is in a position to
function in view of the burdens now
resting upon her....... D E W EY
"The inevitable consequence of
these events must be the further 1110 South University
serious curtailment of our economic
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ADV ERTISINS -
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18, 19, 21, 22, 23, 24
MENDING of all kinds. Ladies' and
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stockings. 228 South Thayer,
opposite Hill Auditorium.
17, 18, 19, 21, 22, 23, 24
LOST-Pair of glasses with white
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AVAILABLE Sept., see now, two
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and porch. 513 E. Jefferson.
Phone 3652.
WANTED-Business position by
young woman with business and
university training. Unusual ex-
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Box 184. 21, 22, 23
WANTED-Large clean room with
privileges. Near State St. Shower
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22, 23
FOR SALE-Late 26┬░Buick roadster
in good condition and clean
looking. Very cheap. Call 719 E.
University or phone 8243.

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MICHIGAN REPERTORY PLAYERS

The plan had already been sub-
mitted by Secretary Stimson to the
French and Germans Saturday. He
said it had been received in a
friendly spirit by the British.
The text of the proposal said:
"The essence of the problem is
the restoration of confidence in
Germany's economic life, both in
Germany and abroad.
"On the political side the United
States hopes that, through mutual
goodwill and understanding the
European nations may eliminate all
friction so that the world may rely
on the political stability of Europe.

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