rESDAY, ?1h~ 23, 1949 r THE MICHIGAN DAILY MARK DEVALUATION: Questionable Effect on Economy-Bretton By ARTHUR MOSKOFF However plausible it may seem that the black market will not be wiped out while there is no pro- duction of consumer goods, it is too early to make predictions as to the future effect of the recent revaluation of currency in the Western zones of Germany, ac- cording to Henry L. Bretton of the political science department. Bretton was with OSS in Ger- rmany from January through No-1 vember of 1945 and bases much of his opinion on the practical expe- V. rience he gained from his rela- tionships there. No Unity "Oneof the prime difficulties," Bretton said, "in studying the new monetary system arises from the fact that there has been no unity of purpose among the western oc- cupiers as to whether German in- dustry should be re-encouraged to develop. Consequently, it is doubt- ful whether the new mark will have any positive effect in either stimulating or encouraging in- vestment and production." He pointed out that the new sys- tem should have the positive ef- fect of wiping out those large black market money concentra- tions which were made both dur- ing the war and in the subsequent two-year period of unstable peace. Probably the most interesting aspects of the change will be seen in the German attitude as it will influence East-West political re- lationships, he commented. Lead to Unification The revaluation is "one con- certed step in what is hoped will lead to a unified Germany," Bret- ton said. The Germans realized that their best interests lie in playing one side against the other. They can best gain when there is constant conflict that will neither result in stagnation on the one hand, or chaotic war on the other, he said. The reactions of the Russians to the new system, in closing the western border to all commerce in the new currency, "is food for the German policy." 'U' ROTC Cadets Deploy Approximately 50 University students will be stationed in six- weeks cadet - training camps throughout the United States this summer. ROTC cadets from more than 50 other schools will also attend training camps as part of the pro- gram leading toward reserve commissions. Service branches and their training sites are: Michigan Signal Corps, Fort Monmouth, N. J.; Quartermaster Corps, Camp Lee, Va.; Transpor- tation Corps, Camp Eustace, Va.; Engineer Corps, Fort Bellvoir, Va.; Military Police, Fort Sheridan, Ill.; Infantry, Cmp Campbell, Ky.; Ordnance Corps, Aberdeen Proving Grounds, Md.; Medical Corps, Fort Sam Houston, Tex.; Air Corps, Chanute Field, 111. S 7a ardle Sun-'n-CL@UD RAi, Jct Daily Staffers See Glamour Of Convention (Continued from Page 1) locked in a vigorous battle of beauty. Each has hired every good looking girl it can find to pass out campaign buttons,. fans, cigarette holders and overseas caps in hotel lobbies. Four queens from Swarth- more college swathed in Dewey ribbons admitted privately that none favored the Governor. "It's a wonderful chance to get into television, though," one explained. More Pretty Girls Even in Convention Hall which is supposed to be jammed with hard working politicians a great number of pretty girls are in evi- dence, even on the stage itself. Actually, the hall wasn't over half full for the first session, and prob- ably will not approach capacity until the balloting begins but nev- ertheless there are thousands of people outside dying for a peek at the Convention who'll never get it except over television. Mrs. Dudley Hay of Detroit is making history as the first woman ever to serve as secretary of a Re- publican National Convention. Sig'ar Works Governor Kim Sigler also is much in the news, currently in charge of seeing that Senator Vandenberg is nominated. Few be- lieve the Governor himself will make the speech, preferring that it come from another state dele- gation. The Michigan delegation which Sigler heads is in the front row and the Governor is less than ten feet from the speakers' rostrum. This has its disadvantages, how- ever, because everytime a new face appears on the rostrum the army of photographers climbs all over Sigler's freshly pressed suit. Regents ... (Continued from Page 1) parative law in the Law School, and Paul W. McCracken will be- come a professor of business con- ditions in the Bus. Ad. School. Two appointments in the music school include the naming of David Dawson as visiting profes- sor of viola and chamber music and Maynard Klein as a professor of choral music. The Regents also accepted gifts totaling $200,515.78, the largest of which was the sum of 81,152.67, from the bequest of the late Mary W. D'Ooge, of Ann Arbor. The money is to be used for the en- dowment of one or more fellow- ships in classical studies. Mrs. Golden F. LeGro, of Grosse Pointe Farms, made a gift of $25,000, to establish the Dr. Albert Leland LeGeo Fellowship in dentistry. The Carnegie Corporation of New York bestowed a grant of $20,000 for the support of post- doctoral fellowships in economics, the purpose of which will be to study the application of survey techniques to economic research. Contributions from various sources to 45 funds already estab- lished amounted to $19,301.95. A number of gifts not in the form of cash were also accepted. Awards Made Two post-doctoral fellowships were awarded recently in the Graduate School, Dean Ralph A. Sawyer has announced. The winners are Dr. Richard F. O'Dell, Beth Elain Cook, and Dr. Andre S. Dreiding. O'Dell received the Alfred H. Lloyd Post-doctoral Fellowship for a year's study and research on the early history of the anti-slavery movement in Ohio. i l f Men's House Purchased by Coop Council Purchase of another cooperative house, to be used to accommodate men in the fall, was made recently by the Intercooperative Council. The building, located at 807 S. State, is the John M. Nakamura i WITH DETACHABLE HOOD An all-purpose coat for all kinds of weather. In colors of grey, beige, dark green and coral . . $3500 Also Plastic raincoats with detachable hoods. BUTTONS - Barbara Grand- bergh, 19, of New Jersey, N.J., wears a novel bathing suit in Philadelphia featuring cam- paign buttons of leading presi- dential possibilities. Watch for The Daily's special coverage of the Convention. Publie Health Session Begirwi Some 250 persons yesterday at- tended the opening session of al four-day national sanitation con- ference held in the Scnool of Public Health. The conference was split into 12 discussion groups each dealing with a different aspect of sanita- tion. Agendas were drawn up and full-scale discussion willl get un- derway today. The attending delegates are rep- resentatives from leading Amer- ican industrial concerns and public health officials. The conference will consider such problems as sanitation in bars, restaurants, eating places, drug stores, factories and public buildings. SALE O SALE SALE Must make room for new SHIPMENTS U INDIAA SHOP 330 Maynard Street I ] Y a $500 House in honor of a former ICC member killed in action during World War IL Leading Figure Nakamura, whose two brothers and a sister are still active in co- ops on this campus, was a leading figure in the wartime cooperative houses. After being discharged from the peacetime draft because of his Nisei descent, he re-enlisted in the army and was killed in ac- tion in Italy in April, 1945. The down payment on Naka- mura House was financed by loans from ICC members, faculty, alum- ni and from the operating surplus of the ICC. 'Torment' Helbred Another part of the down pay- ment was provided from the pro- ceeds of the ICC-sponsored show- ing of "Torment" at the Art Cin- ema League last semester. The houshe will accommodate 40 men. As a result of the purchase, the women's cooperative housing will also be expanded. r -, BEER - WINES CHAMPAGNES S.D.D. for Michigan State Liquor Control Commission I I CARRYING CASE AT NO EXTRA COST-WITH YOUR CUT-RATE DRUG STORE DRUGS and COSMETICS featured at lowest possible prices SHOP AND SAVE AT COLLINS . . Liberty at Maynard _N THE "MIDRIFF" a summer fayorite I Y _Y ti's rr . >fy ' 4g :: -. I ;.c1 r (~.7 -M '> f o Medical, Law, \ Public Health 64 f . and Dental, Books " Reference Books * Student Supplies " Stationery " Greeting Cards See our colorful charming collec- tion of midriffs in so many flat- tering styles. Priced so low, you'll want several to greet every sun- lnvinn nrrnsion Thev team rner- I ' i I I I