PAGE TWO THE "-MlrHlrXN !!XlrV-' THE A InIv R- 141M TH ... . .:. ~ ..,.,,_, w..ri 1 M1.I 1NW 1 1- ' . " -- ~ ~4 1943, Chieago Ts Ic "Fignewton is getting to be an -awful bore about his Victory Gar- den! Somnetimes I wish for the old days when the government paid ;people. not. to plant things::' mous. These profit figures are based upon invested capital. :For instance, North American Aviation, which suffered a strike and seizure of its California opera- tion by the Government, made 51.06% profit in 1941 after paying taxes. Before paying taxeis its profits were 134.53%. North Amer- ican's 1940 profits were even high- ,er-5733% after deducting taxes. Consolidated Aircraft, another big company, made the gigantic profit of 94% in 1941 after paying taxes. Boe- ing, which turns out bombers, made 25%; Curtiss-Wright 41.9%; and Douglas 51%. All these were after paying taxes. Consolidated, inci- dentally, made 309% before paying taxes. Bell Aircraft, which is building a big bomber plant in Georgia, made 36% in 1941; Sperry Gyro- scope 37.9%; Ryan Aeronautical 3%. Wright Aeronautics, which the Truman Committee charged with manufacturing faulty engines despite government inspectors' op- position, made the juicy profit of 45.7% in 1941 and 250% before deducting taxes. These lush war profits, taken to- gether with Congressional adoption of the Ruml tax, plus Congressional veto of the $25,000 salary ceiling, plus current talk of a sales tax, is not going to help lessen the rift be- tween capital and labor, already in- creased by the coal mine, anti-strike bill controversies. t DAILY OFFICIAL BULLETIN i THURSDAY, JULY 8, 1943 VOL. Lill, No. 8-S All notices for The Daily Official Bulle- tin are to be sent to the Office of the Summer Session in typewritten form by 3:30 p.m. of the day preceding its publi- cation, except on Saturday when the no- tices should be submitted by 11:30 a.m. Notices Notice of Withholding Tax Deduc- tions: All persons upon the Univer- sity Payrolls for services rendered after June 30, 1943, are notified that under the federal "Current Tax Pay- ment Act of 1943" there will be de- ducted from each salary payment made an amount equivalent to 20 per cent of such payment above legal exemptions to which any employee shall be entitled. The University has elected, unsder Federal authority, to base this deduction, after legal ex- emptions, upon 20 per cent of the salary payment to each individual calculated to the nearest dollar. Ev- ery employee of the University, in whatever, capacity, should secure, at the Business Office, or at other of- fices at which they will be available, a copy of the Government withhold- ing exemption certificate, Form W-4, and should promptly fill out and mail or file this exemption certifi- cate at the Business Office at which the certificate was obtained. The burden of filling out and filing this, form is under the law exclusively' upon the employee and if it is not filed in time the deduction of 20 per cent must be taken upon the basis of the employee's entire earnings with- out benefit of the exemption to which the employee would be en- titled if he or she filed the certifi- cate. Vice-President and Secretary -Shirley W. Smith Change of Address: Any student who has changed his address since registering is urged to report the new address to the Dean of Students, Room 2, University Hall. College of Literature, Science, and the Arts, Schools of Education, For- estry, Music, and Public Health: Students who received marks of I or X at the close of their last semester or summer session of attendance will receive a grade of E in the course or courses unless this work is made up by July 28. Students wishing an ex- tension of time beyond this date in ordes to make up this work should file a petition addressed to the ap- propriate official in their school with Room 4 U.H., where it will be trans- mitted. _-Rbet,. cWilims-i Ion from 12 noon to 12:15 p.m. each Thursday until Aug. 19. The Summer Chorus is being or- ganized under the direction of Rose Marie Grentzer of the School of Mu- sic Faculty. It is open to civilian and military students in any school or college. No registration or member- ship fee. Rehearsals 7:15-8:15 p.m. Tuesdays and Thursdays. Auditor- ium, School of Music. The annual summer registration meeting of the University Bureau of Appointments and Occupational In- formation will be held at 7:30 o'clock this evening in Room 231 Angell Hall, for all people interested in se- curing new jobs or better jobs in all walks of life. There will also be a short discussion of the present situa- tion regarding teaching government and industrial employment. Civilian Engineers: The need for plasma by our armed forces is in- creasing daily. 150 donors (other than those in the service) are re- quired to supply the July quota for the Michigan Blood Bank, July 15-16. Register before Friday afternoon of this week at the Main Desk in the Union, between noon and 4 p.m., or in. the Engineering Arch. -A. H. Lovell, Assistant Dean Events Today Teachers of Commercial- Subjects: There will be a get-acquainted meet- ing of the teachers of Commercial Subjects in the West Conference Room of the Rackham Building at 8 o'clock this evening. Mr. Charles Zoubek, certified shorthand reporter and author of a number of books will be present at the meeting. At the regular International Cen- ter Tea from 4 tq 6 this afternoon,, three tables will be reserved for those desiring to speak French, Spanish, or Portuguese. Professor Julio del Toro and his Spanish speaking group will join the Spanish table, and Pro- fessor Charles Koella will preside at the French table. The nuclei of the tables will be foreign students who speak these languages. Faculty mem- bers and foreign language students are cordially invited to attend. There will be a joint meeting of Pi Lambda Thetans with the Women in Education at 8 o'clock this eve- ning in the West Conference Room of the Rackham Building. Xrench Club: The second meeting of the French Club will be held thisI evening at 8 in the Michigan League. Program: "Impressions d'un etudianti en France" by Mr. Robert Berahya,1 y-duat whnmstu ierd, Qrglt-a 1 r Master of Music Degree at 8:30 this evening in Hill Auditorium. The public is cordially invited. Coming Events The Angell Hall Observatory will be open to the public from 9:30 to 11 Saturday evening, July 10. The moon will be shown through the telescopes. Children must be accompanied by adults. International Center: A reception for foreign students, faculty mem- bers, iriterested American students, and friends will be held at the In- ternational Center Friday, July 9, at 8 p.m. Dr. and Mrs. Esson M. Gale and specially invited guests will re- ceive the visitors. Opportunity for getting acquainted will be provided newcomers, and refreshments will be served. Engineering Council: Meeting, Wednesday, July 14, 7:30 p.m. in Room 244 West Engineering. Any member who is unable to attend should call me at 7248. -D. B. Wehmeyer, Secretary The Graduate Outing Club: will meet Sunday, July 11, at 2:30 p.m. in the club quarters, just inside the west entrance of the Rackham Buil- ding on Huron Street, for a swim- ming trip to Whitmore Lake. Mem- bers may either bring food or secure it at the lake. Those driving should stop at the club for extra passengers. Others will take the bus. Alterna- tive program in case of bad weather. -Winfred P. Wilson, Secretary Zoology Concentrates: Students planning to offer credits in Military Science as part of the total of 90 hours required by the Medical School should see me at once. -F. H. Test Dept. of Zoology Academic Notices Students, Summer Session, Col- lege, Literature, Science, and Arts: Except under extraordinary circurn- stances, courses dropped after the third week, Saturday, July 17, will be recorded with a grade of E. Students, Summer Session, Col- lege, Literature, Science, and the Arts: Courses may not be elected for credit after the end of the second week. Saturday, July 10, is there- fore the last day on which new elec- tions may be approved. The willing- ness of an instructor to admit a stu- dent later will not affect the opera- tion of this rule. --E. A. Walter FEAR OF PRESIDENTIAL POWER: Senate Ban on Subsidies Puts Politics Before Program To Curb Inflation AFTER a series of votes, in which decisions were repeatedly reversed, a rebellious Senate vnable to make up its mind finally took another stand against the administration's subsidy pro- gram despite President Roosevelt's recent veto of the ban. As was the first, the new ban is written into a measure to extend the life of the CCC. If #ie House committee which is trying to work N ut a compromise fails to make one compatible to the Senate and Roosevelt, the fight against in nothing but destruction of the political insti- tutions of the country that tried it" are com- pletely unsubstantiated by fact. As the Presi- dent has said time and again, he realizes that the subsidy program has its faults, but there has been no better plan proposed to curb inflation. In light of this fact, a carefully planned and complete subsidy program is absolutely neces- sary. Canada and England have used subsidy pro- grams durng this war very effectively, and