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August 10, 1934 - Image 3

Resource type:
Text
Publication:
Michigan Daily, 1934-08-10

Disclaimer: Computer generated plain text may have errors. Read more about this.

Treasury Not
Interested In-
Family Silver
Monetary Policy Doesn't
Affect Watches, Dimes,
And Silver Spoons.
WASHINGTON, Aug. 9. - (A) -
Hold on to your silver spoons, watches
and diies - the government doesn't
want them.
And don't expect our quarters and
half dollars to turn into any different
kind of money tomorrow from what

THE MICHIGAN-DAILY

Von Iindenburg Laid To Rest At Tannenberg Memorial

they are today.
These things were not changed by
the presidential order today nation-
alizing silver stocks.
What Mr. Roosevelt and Secretary
Morgenthau are doing is calling into
the treasury stocks of bullion silver
which are traded in on the commer-
cial markets. These stocks may range
anywhere from 45,000,000to 250,000,-
000 ounces.
Buying in this silver at the rate of
50.1 cents an ounce is what is meant
by "nationalizing" silver. It is taking
government ownership of floating
commercial stocks not being used in
industry and commerce.
When gold was nationalized the
government simultaneously adopted a
policy of taking that metal out of
circulation as money and storing it
in huge treasury and mint vaults as a
permanently-guarded - support for
United States money.
But silver is not being taken out
of circulation. You will still jingle
dimes and quarters - if you have
them -in your pocket.
The President's order is part of the
administrative work in carrying out
the act of Congress directing the
treasury to build up a stock of silver
which in relation to the gold stock
will be one to three. The exact amount
will depend on the variations in the
gold stck which now exceeds $7,-
000,000,000.,
In giving this order, Congress gave
the President authority to take over
domestic silver stocks at a price of
50 cents an ounce. That is what the
President did today.
The coinage value of silver is $1.2929
an ounce. That means one ounce of
silver will be coined into $1.2929 dol-
lars.
But since Congress held the price
to half a dollar, the treasury is not
paying the coinage value. It keeps for
the government 61 8-25 per cent of the
$1.2929. and pays the silver holder the
remainder - 50.01 cents.
The government's "share" is held
in the vaults. The rest of the silver
is coined into silver dollars. It will
make just enough dollars to pay for
the silver takenin by the nationaliza-
tion, so the cost to the government
is nothing.
For some time the government has
been buying newly mined silver, pay-
ing the miner 64% cents an ounce and
keeping the other half of the $1.29
for its share. The President's order
doesn't change this process and
miners will continue to receive 64 2
cents.
Cabinet Seeks
For Balance In
Trade Exports
Reciprocal Treaties Will
Hurt Neither Farmer Nor
Manufacturer, Is Claim
WASHINGTON, Aug. 9. --() -
Balanced exports which will give a
fair break to both farmer and man-
ufacturer are forecast by cabinet offi-
cers trying to rejuvenate America's
ailing world trade.
Secretaries Wallace and Hull ex-
plained Wednesday night the purpose
of reciprocal trade agreements to be
negotiated with foreign countries.
They joined in saying that neither
agricultural nor manufacturing would
suffer.
Their statement explained that in
the early stages of .the nation's eco-
nomic development, international
trade consisted mainly of the ex-
change of farm products for manu-
factured articles from other coun-
tries.
The World war brought a change.
It expanded exports of manufactured
products while continuing heavy agri-
cultural exports.

The depression and the change of
the United States from a debtor to a
creditor nation caused relatively
greater harm to agriculture than to
industry. Farm exports decreased be-
low manufactured exports in value.

Robinson, Old
Oriole Player,
DiesSuddenly
Last Words Of Brooldyn
President Are About His
Ball Team
ATLANTA, Aug. 9. - (A') - That
famous old Oriole, Wilbert Robinson,
is dead.
Death came just as Uncle Robby,
one of baseball's greatest figures,
wished it - quickly and with little
pain. He succumbed to a hemorrhage
of the rain last night at 10:30 o'clock
and his last words were about the
Atlanta baseball club of which he was
president. ,
Robinson was 70 years old.
His span of life saw him as catcher
and captain of the Baltimore Orioles;
saw him win two pennants at Brook-
lyn in the National league and finally
saw him worry himself literally sick
about hs club here.
For the last three days Robinson
had felt badly. His Crackers were in
a slump after playing good ball nearly
all season. He fell suddenly while
emerging from his bath just before
dinner yesterday and broke his arm.:
He was taken to a hospital.
At the hospital it was discovered
he was suffering from a hemorrhage
of the brain.
As Robinson awaited the ambulance,
he said to the doctor:
"This broken arm doesn't hurt me.
I'm an old Oriole. Wrap it up and let
me stay here."
And then he said, "Mary, oh Mary"7
- and lapsed into unconsciousness.
Robinson was born in Hudson,
Mass., in June of 1864. He started his
ba'seball career with the home team
and later joined the Philadelphia
Athletics after a professional year
with the Haverhill team.
From 1886 until 1889 he was with
the Athletics. In 1890 he became an1
Oriole and it was while playing withl
this team that he was a pal of some
of baseball's great - Hughie Jen-
nings, Willie Keeler, John McGraw
and others.i
In 1904 Robinson was injured and1
went into retirement. John McGraw1
sent for him in 1911 and he joined the
New York Giants as coach.I

This Associated Press picture, telephotoed from Vienna to London and radioed from there to New York,
shows a general view of the funeral exercises at the famed Tannenberg memorial when the body of the late
President Paul von Hindenburg was placed in the shrine. The funeral cortege is shown entering the portals
of the huge structure, erected on the field of the German field marshal's greatest military triumph during
the World War.

This Golfer Just Doesn't Care;
Shows Game To Head-Hunters)

By PAUL MIKELSON
(Associated Press Sports writer)
CHICAGO, Aug. 9. - If there were
any lingering doubts as to the world-
wide appeal of golf, Jack Redmond'sI
recitale-- with pictorial evidence -
of his latest globe-girdling jaunt
should serve as a "convincer."
On his most recent tour the little
Marco Polo of modern golf played}
with and taught the game to the king
of Samoa, to dusky belles and their
head-hunting boy friends in New
Guinea, and to the pygmies of Kala-
bahai!
At Port Moresby in the Straits Set-
tlement the trick-shot artist discov-
ered that head-hunting was still a
flourishing pastime. Yet Port Moresby
has its nine-hole course !
Picks Favorite Layout
Redmond has played on something
like 1,700 courses around the world,
yet you'd have to be as tricky in your,
guesswork as he is with his niblick
to name his favorite layout of all.-
St. Andrews? Carnoustie? Brook-
line? Olympia Fields? Merion, Fresh
Meadow or Royal St. George's? All
wrong! Jack's choice for a real test(

of golf is the Durban Country club
in Natal, South Africa.
"I guess I have played 'em all, or
at least all the good ones," says Red-
I monds, "but for the sternest test of
them all I pick Durban.
"Durban, a comparatively short
course with its 6,259-yard stretch,
looks like a set-up to the casual ob-
server, but just try it some time.
"You'd be pleased with the greens,
as they are three or four times as
large as those on the average Amer-
ican or English course. But stay out
of the rough! Flanking the fairways
at Durban is tough old seaweed that
will disturb your golfing soul for
months after.
Eddie ToIan Starts
Training For Tour
Eddie Tolan, Michigan's double
Olympic sprints winner and record
holder, has entered training for an
exhibition tour which he will make
in Australia this fall.
Tolan will race in professional and
open competition which has become
popular in the Antipodes.
Reports of his first workout indicate
that the "Midnight Express" who car-
ried Michigan's colors to victory many
times is still in high form. Worried
about his present condition, he re-
ported his intention of entering train-
ing to Harold E. Stoll Wayne County
register of deeds, in whose office he is
employed.
Stoll deprecated any possibility of
Tolan's returning- to form, adding
that Tolan could not do better than
25 seconds for. 220 yards.
Tolan answered by warming up for
a short tinie, and with Stoll and his;
assistants clocking him, ran the dis-
tance in 21.8 seconds, but a little
slower than his best time while run-
ning for Michigan.

Sewer Project
Discussed In
Board Meeting
In a meeting of the local Board
of Public Works at the City Hall
Wednesday evening details of the
down river sewer project and the pro-
posed sewage treatment plant were
discussed, but little action was taken.
George H. Sandenburgh, city engi-
neer, reported to the board that all
I of the pipe of the down river sewer
I has been laid, with the exception of
the Signor pond. The piers for the
pond crossing are all in with the ex-
ception of one and completion is ex-
pected at a near date.
The board authorized Mr. Sanden-
burgh to accompany Walter Drury
and L. E. Ayres, members of the con-
sulting engineering firms, to Chicago
this week end to inspect the experi-
mental filters of the Chicago north-
side sewage treatment plant.
Other business resulted in the
awarding of the bid for a car of gaso-
line to Staebler Oil Company. Mr.
Sandenburgh submitted dustlayer
estimates which were transmitted to
the council by the board, as was the
1932-33 annual report of the public
works department, presented by the
engineer.
Further, Mr. Sandenburgh was or-
dered to proceed with the widening
of the south side of West Liberty St.
between Ashley and First St. when
funds are available.

WASHINGTON, Aug. 9.- (A') -
Radio stations which fail to submit,
their programs to the Federal trade
commission for inspection as to false
advertising received a warning today.
Edwin L. Davis, trade commissioner,
said:
"Most stations have co-operated to
the fullest but those who have and
do not may expect that we shall keep
especially close watch on them and
that the communications commission
will likewise be kept fully informed
of the situation."
Davis was largely instrumental in
starting the campaign to clean up,
radio advertising on the same basis
that newspaper and periodical' 'ads"
have been checked by the trade com-
mission for years.
Several weeks ago the commission
asked copies of advertising "continu-
ities" on the air. Since then a num-
ber of advertisers and broadcasters
have been informed that they were
advertising falsely so as to compete
unfairly.
In July, the commission received
1,364 weekly reports. The ten networks
all have complied with the request.
Davis said he hoped the few holdout
broadcasters would comply, since the
commission is undertaking no puni-
tive expedition. I
"It is only, he said, "that we wish
to apply the same yardstick to radio
advertising that we have long applied
to newspapers, and there is no rea-
son to expect radio will not comply as
fully as the newspapers."

Biologists and economists at the
University who have not been fortu-
nate enough to step into positions
upon graduation will be given an op-
portunity to compete for Government
positions, according to information
received by W. L. Burris, secretary
of the United States Civil Service
board of examiners, located at the
Ann Arbor postoffice.
Open competitive examinations can
be taken at any time. Complete in-
formation will be given about the
examinations and positions by Mr.
Burris.
Examinations for the following po-
sitions are offered:
Junior biologist (injurious mam-
mals), senior biological aide (injur-
ious mammals), assistant leader
(predatory animal control), $2,000 a
year, Bureau of Biological Survey, De-
partment of Agriculture. Specified
education and experience required.
Closing date, Sept. 4, 1934.
Chief economist, $5,600 a year, Bu-
reau of Labor Statistics, Department
of Labor.A cceptable education and
experience in labor economics re-
quired. Closing date, Aug. 23, 1934.
The salaries named are subject to
a deduction of not to exceed five per
cent during the fiscal year ending
June 30, 1935, as a measure of econ-
omy, and also to a reduction of three
and one-half per cent toward a re-
tirement annuity.
September To Be
State Safety Month
LANSING, Aug. 9. - ()-- Gov
Comstock in a proclamation today
urged the observance of September
as "street and highway safety month."
The proclamation followsy:
"One of the major problems of
the nation is the ever-increasing toll
of death and injury in traffic acci-
dents.
"Laws and regulations, while hav-
ing a certain effect as a deterrent
must be aided through the education
of those driving motor vehicles or
otherwise using the thoroughfares.
"It has been demonstrated through
localized campaigns that stricter ad-
herence to the rules follows a pro-
gram of education with the result that
the toll taken by traffic is decreased.
"It is self-evident that through a
campaign of national scope much
greater results can be achieved.

Judge Not At Home To
Immortals After Noon
HANKOW, China, Aug. 9. - (A') -
A Chinese district magistrate has con-
cluded even gods must keep officej
hours. "No gods received after noon,"
says the sign appearing over his door,
in Chinese characters.
The searing drouth is responsible.
Farmers have been bringing their
household gods to town each day to
participate in mass prayers for rain.
Chinese custom demands the deities
first be taken to visit the magistrate,
and this one found himself inundated
beneath a stream of heavenly visitors
at all hours of the day and night.

i
'
,
1A

i . I

ii

Ii

Elmer Too Is Baseball
Star; He Sells Peanuts

HOUSTON, Tex., Aug. 9. - (P) -
Another of the Brothers Dean, this
time Elmer, older brother of Jerome
and Paul, prepared to pull up stakes
today and head for the big leagues.
Elmer, who hails from an Arkansas
farm, has made good in the city in a
big way with his color and antics.
He has been drafted by the St. Louis
Cardinals for duty at Sportsmans
Park and will leave today for St.1
Louis.
Cardinal owners are banking heav-
ily on Elmer to come through.
He sells peanuts and pop.

Main Floor -- Shoe Secti

A New Story of
SILK SUITS
FOR FALL
$5.95$7.95 $1.7
S* Slit Skirts are in again! New
necklines that are sponsored by
the best designers. Bow details
are high lighted, pleated edges
are important, yoke-like sec-
tions are stressed, ruffled de-
tails are also approved.

ion

® - - -- -

a

hi

FRIDAY AND SATURDAY
IN OUR MAIN STORE
~2 DRESSES

or

2 SUITS

F6o the Price of One

2

for

DRESSES--including Formals,
Dinner, Tea Dresses, Daytime
and Knitted two- and three-piece
L3resses. Small group of Spring

1-

tnd Summer Suits.

G.

_ .s

'I

In the Annex tord - "

GROUP OF ORGANDY ANTCREPE

Read These Popular Books
for 4c a Day,
LENDING
LIBRARY:
"Lamb In His Bosom," Caroline Mil-
ler; "Code of the West," Zane Grey;

~KN~

® Bat Sleeves for Breadth.
" Sheer Jackets for Indian
Summer.

FOI

i Sleeveless or short sleeve
Dresses.
*6Swagger Jackets
*.Sheer, Satin and Travel
Prints.

RMALS AND $UNDAY NITES
$5.95 Values..... . $2.95
$8.95 & $10.95 Values... $3.95
UP OF LINEN AND PIQUE COATS $
SUITS. Values to $10.95...........
KEN SIZES IN BLOUSES
SWEATERS. $1.95 and $2.25 Values...

I

GRO
AND
BROI
AND

III

W L Lka * & - m= 17

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