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July 24, 1938 - Image 3

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Publication:
Michigan Daily, 1938-07-24

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JULY 24, 1939

THE MICHIGAN DAILY

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Eastern Coach
Fares Raied
WASINGTON, July 23.-(1P)-Eas-
tern passenger coach fares will go up
25 per cent at midnight Sunday.
The carriers have estimated that
the half-cent-a-mile increase--mak-
Irig the new rate 2.5 cents a mile-
will bring them approximately $45,-
000,000 more revenue during an 18-
thonth trial period.
In authorizing the increase, the
Interstate Commerce Commission re-
marked that "there can be no doubt
that the applicants are in serious need
of additional revenue."
Under the new schedule, the rail-
roads will lose the privilege of col-
lecting a full nickel in instances
where the fare figures into odd cents.
After Sunday they must make their
rates to the penny.
Dizzy Dean Back
To Stay After 3-1
Win Over Giants
CHICAGO, July 23.-()-Dizzy
Dean is back to stay. The "Great
one," who started his comeback with
a four-hitter against the weak Bos-
ton Bees last Sunday, made it stick
with a five-hit -victory performance
against the Giants today as the Cubs
swept a doubleheader from the New
Yorkers.'
A season record crowd for Wrigley'
Field, 43,223, turned out to see the
$185,000 right arm of Old Diz toss
a 3 to 1 victory in the nightcap of the
twin bill, after Bill Lee had chalked'
up his 12th win of the year with a 7
to 4 decision in the opener.
In addition to Dean's classy fling-
Ing and the twvin bill triumph, which
dropped the Giants 2%2 games be-
.hind the national league leading
Pittsburgh Pirates, the crowd sat in'
pn an added attraction when the
rival shortstops, Dick Bartell and
Billy Jurges, tangled in a fist fight
in the fourth inning of the nightcap,
for which both were banished from
the game.
Square Dance Tomorrow
The third in the series of Monday
night square dances which are being
sponsored by the Summer Session
Social Committee will be held from
7:30 to 8:30 p. m. tomorrow night in
the League ballroom. As previously,
Ivan Parker will teach new dance
steps.

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Gun-shy Loyalist refugees stacked up firearms at a military post across
France's border where French officers identify weapons as farmer prop-
erty of 43rd division.
Chac0 Truce Caot Guarantee
Cuertaint Pece, Say S Prof. Aiton

News Of The World As Illustrated In Associated Press Pictures

Modern Moscow can boast of a new type of architecture designed for
sunlight, familiar cars-and a parking problem.

In The Majors
NATIONAL
Boston........U01 020 100-4 12 0
Pittsburgh .....,010 000 001-2 10 0
MacFayden, Errickson and Mueller;
Baurs, Bowman and Todd.
Brooklyn .......002 000 020-4 8 1
St. Louis .......010 001 010-3 8 1
Posedel and Shea; Davis and Owen.
Philadelphia . .400 050 000- 9 . S
Philadelphia ..400 050 000- 9 11 0
Cincinnati .. . .102 025 00x-10 13 5
Mulcahy, Hallahan, and V. Davis.
Hershberger.
Walters, Schott and 'Lombardi,

(First Game)
New York ......101 000 020-4
Chicago ........060 001 60x-7
Gumbert, Coffman, Brown
Mancuso; Lee and O'Dea.
(Second Game)
New ork . . . . .010 000 000-1
Chicago. .....100 200 00x-3

14 1
9 1
and

Ratification Of Truce By
Rioth Warring States 'Is
Still Indefinite
(Continued from Page 1)
the treaty, it was necessary for Gen-
eral Jose Estigarridia, Paraguayan
hero of the Chaco War and minister
to the United States, to fly from
Washington to Asuncion and person-
ally persuade his government to sign.
The real question behind the success
of the agreement, Professor Aiton
pointed out, is whether the endorse-
ment of Gen. Estigarribia will carry
weight with the Paraguayan people.
The fact that, under the present
provisional and revolutionary govern-
ment, which has suspended t e Para-
guayan constitution, there is no
machinery for holding plebiscites
may constitute another obstacle.
Thus when a permanent government
is set up, it can repudiate the agree-
ment, which was signed with the
understanding that it was to be ir-
revocable, Professor Aiton said.
Finally the fact that the treaty is
to be ratified before the exact boun-
daries between Bolivia and Paraguay
are decide by arbitration may also
result in repudiation by either fof the
countries.
"It should be remembered, how-
ever," Professor Aiton pointed out,
"that there are still two important
factors that point strongly to success-
ful ending of the dispute. The first is
that both nations are completely
exhausted from the bloody struggle.
Popular feeling against war is high
since over 150,000 men have already
been mowed down by machine guns
or have succumbed to the "green
death" of the tropical Chaco jungle.
The second 'is that Argentina and
Chile, supporters of Bolivia and Para-
guay respectively in the war, are
absolutely opposed to continuation

of hostilities and have been instru-
mental in forcing the two republics
to come to terms. Without their sup-
port, it would be hard for the coun-
tries to fight any longer."
"The treaty itself sets the limits
within which the boundaries will be
decided through the arbitration of
five South - American presidents,
(Argentina, Brazil, Chile, Uruguay
and Peru) and the president of the
United-States," Professor Aiton said.
"The limits of the treaty have been
so fixed that Paraguay will get the
lion's share of the Chaco territory
with the remaining territory, valu-
able for its oil wells, going to Bolivia.
Bolivia is also to get an outlet to the
Atlantic Ocean via the Paraguay,
Parana, and the De La Plata Rivers
through Paraguay's permission to use
the Paraguay River. Bolivia also is
to get the free use of Port Casado
on the Paraguay. The value of this
provision to Bolivia is purely psychol-
ogical as the Chaco territory is so
remote from the heart of the nation
that it is very unlikely that this out-
let will be used very much for com-
merce."
Thus there is a strong likelihood
that the Chaco question will finally
be decided peacefully between two
countries that have equally strong'
claims to the territory. Bolivia's claim
is historical in that at the time of
the declaration of independence of
the South American nations, it was
agreed that the boundaries of the
countries would be the same as they
were under Spain in 1910. The Chaco
region was at that time part of the
Audiencia of Charcas, now Bolivia.
Paraguay's claim is geographical. It
is based on the fact that the Chaco,
which is low lying jungle country, is
separated from Bolivia, which is
plateau country, by mountain ranges.
Thus the Chaco is really contiguous
to Paraguay, which is also low-lying
tropical country but not to Bolivia.

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Leading Economists See Upswing,
Associated Press Survey Reveals

By HENRY PAYNTER
(Editor's Note: Is the business slump
over? Are better' times on the way?
TherAssociated Press has sought
answers from leading economists
throughout the country, men repre-
senting a broad range ofsocial and
economic philosophies. Here is their
composite answer on this vital prob-
lem.)
NEW YORK, July 23-0)-Better.
business, improved economic well be
Jng, seeis on the way in remaining
months of 1938, in the sweeping
;majority opinion of more than a
score of leading economists.
Of. 23 who answered .an- inquiry
as to their opinion on the prospect
of business recovery, all but three
predicted improvement by the end
of the year, some with reservations.
Such near unanimity was regarded
in economic circles as unusual if not
unprecedented. It was thought par-
ticularly significant, in that opinions
were sought from a broad cross sec-i
tion of men holding varied and con-
flicting economic and social philoso-
phies, from the extreme right to the
far left, and scattered geographically
across the continent.
But several of the optimists care-
fully qualified their opinions as to
the nearness of arrival, degree of
rise, and length of the recovery move-
ment.
If the majority are correct, it will
not be a "boom." Only one used
the term "boom."
While nearly all predicted a brisk
pick-up in the consumer goods fiells,
wholesale and retail, many qualified
their optimism as to heavy industries.
Analyses of other answers:
1. Will there be general business
recovery during the remainder of
1938?
Definitely yes, 11.
Probably yes, 9.
No, 1.
No opinion expressed 2.
2. A majority expressing opinion,
thought the recovery would last
through next spring or longer. As Ito
duration of the recovery, the replies
could be divided as follows:
For a while; or at least until
Christmas, 8.
Fairly long; or at least until
spring, 4.
Long; or beyond next spring, 7.
No opinion, 3.

factor. The answers might be classi-
fied as follows:
Help recovery, 16.
Hinder recovery, 2.
No great importance, 2.
No opinion expressed, 3.
Many factors favoring the recov-
ery were cited. Among the most com-
monly listed, omitting government
fiscal policies (already noted) were:
Improvement in retail trade.
Rise in commodity prices, whole-
sale and retail.
Recent stock market trend.
Reduction of inventories.
Solvency of banks, and extent of
available credit.
Sentiment.
Among unfavorable factors men-
tioned, as retarding the recovery, or
as potentially shortening its length,
were:
Taxation.
Government "interference."
Condition of capital goods indus-
tries.
Stagnation of building industries.
Price rigidity in important in-
dustries.
Wage cutting.
Resistance to wage cutting.
Some high points of comment by
industrial economists follow:
Virgil Jordan, president of the
National Industrial Conference Board,
(Continued on Page 4)

For $2,000 less annual salary,
Elmer F. Andrews will be adminis-
trator of federal wage-hour law. ie
has been getting $12,000 as New
York State industrial commissioner.
16 Golfers Square
Off In First Flight
Sixteen of the 20 players who were
beaten out in the Championship
Flight of the I.M. golf tournament
will drag out their clubs again to-
morrow for first round play in the
First Flight division. Contestants
are urged to turn in scores as soon
as possible after the completition of
their matches.
The first round, with time of play
is as follows: R. Thrall vs. A. Ryan,
3:25 p.m.; F. Hull vs. E. Bracey, 3:40
p.m.; P. Benson, bye; R. Thorner vs.
T. Hird, 4 p.m.; I. Burr, -bye; J. Se-
crist, bye; G. Samper vs. B. ,Poat,
4:05 p.m.; A. Warner, bye; D. Bruce
vs. A. Sherman, 4:20 p.m.; C. Neu-
haus vs. S. Myers, 4:25 p.m.

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