l ‘ l l 1 By Leroy Becki-nan L To f()lfow the ideas of an individual of little reknown may become quite borcsome. But we will suggest that you follow Col. Leonard P. Ayrcs at all times. He is interesting at all times, especially when he is inter- pretinp,r economics to the layman. In a recent bulletin of the Cleveland Trust Company he attacks “Seven Economic Fallacies.” He calls them mass delusions that are helping form public opinion. Summarizing the attack, the ‘fob lowing,r steps are representative. (1) Overproduction did not cause the depression; production, prices, and employment were in good bal- ance, he contends, in the period of prosperity before the crash. (2} The concentration of wealth is much exaggerated. There are no re— liable figures on the ownership of wealth. Figures compiled on the run of incomes indicate an unevenness of distribution, for which Col. Ayrcs suggests several important changes. The upper tenth of the income re— ceivers get a third of the total, which does not indicate that 2% of the people own 80% of the wealth, as a Cabinet official is reported to have said. (3) Business cannot stand a sys- tem of taxation without limit; its profits are narrow enough in the best of years. (4) The argument that we can af- ford to spend as much tax money in a war against depression as we spent in the World War has force, but after all, we could not afford to spend the amount the World War cost. The total of the local, federal, and state taxes amount to about 90% of one year’s income, but the income is bad— ly shrunken, a trend that needs to be checked. (5) Inflation is the most insidious fraud of all; if we all had more} money, we could not all buy more goods. ((3) increasing consumer purchas— ing power will not cure unemploy- ment; unemployment now is conccn-i trated in the heavy industries. , (’7) Levelling of incomes would‘ make less dilierence than is common-, ly supposed. If all wages, salaries,‘, bonuses, and shares of properties had i been divided equally in 1929, everyi wage earner would have received $131 a month, instead of $119. ‘ ’2‘- Sl: ‘vll l l l The federal government should find i its scissors and start cutting, as; should every other form of local gov- 3 ernment. A count just completed by l Professor Anderson of the Univer-, sity of Minnesota revealed 175,4.l8i local governments in this country. It: required two years to count them. This total includes 127,000 schooli districts, 16,000 incorporated cities, or villages, 20,000 townships, and, 8.600 miscellaneous sewer districts”, park districts, mosquito abatement? districts, and many other units. The l disgusting part about this assortment l is that each has a payroll and the: power to tax. l Sophomore Close to. Have Jackets E l Out of chaos arose tranquility as} the Sophomore class was called to order last Tuesday by its newlyI elected president, Frank Haekmanq A question was immediately broughti up in regard to the adoption of class jackets. In the midst of the discus» sion a quantity of vociferous stragw glers were noted, but in a few min» utes, when all again was serene and orderly, the discussion was resumed, with the point of discussion in ap- parent favor. Selecti Jacket Committee It was finally decided by a major— ity of those present, that there would be class jackets. The committee tol take care 01' obtaining samples and prices is to be appointed by president l-Iackinan with the aid 01' the re, maining officers. Sample jackets of heavy and med- ium texture will be shown at the} next meeting, at which time the price and kind of jacket will he decided upon. Stag Party Is Approved The report in last week’s Armour Tech News of an impending soph-y omore dance was disclaimed as anl error by both Hackman and the social chairman, Rusty Tomei. Instead it was proposed that the sophomores hold a stag party. This, motion was almost unanimously passed, the details being left to Tomei. The Freshman question again reared its green head, but a report of the rule enforcement committee quoted that green caps were being worn quite regularly with but oc- casional lapses. Miscreants, it seems, were quickly made aware of their: misdemeanors. Scherger Will Speak Here Armistice Day Armistice Day will be celebrated by an all-student assembly on Mon- day morning of next week at 10:30 o’clock. Dr. George L. Schcrger, an Armour profcssor on leave of ab- sence will deliver the address on “The Meaning of Armistice Day.” Dr. Scherger is pastor of St. Paul's Church in Chicago. While at Armour, Dr. Schcrger has acted as chaplain and professor of history and political science, in addition to teachingr elementary German, French, and Spanish. ‘he orchestra and Glee Club will present several selections during the i program. Semi-Annual Pledging Armour Institute of Technology, Chicago, Illinois liktllilltkl bfifibl Social Chairmen ill lblllfil lilillt lfill lililtdlllltlll Four Committees Will] Work on important Problem i SEEK. MORE CONTACTS [ Best evidence of the serious pur- pose in which the Faculty Placement committee was conceived was strong- ly given at its first meeting. The, pressing question of coordination' through which the committee acts as middle man between industry seek- ing men, and engineering graduates, seeking jobs, was considered from many angles, and actual constructive,» steps were taken in the direction of greater efficiency in meeting both these needs. Place Men to Fit Jobs of primary importance is that study of human value known as per- sonnel work. The committee agreed that real effort should be extended to find jobs that fit the man and to place men to fit the jobs. A system of recording by which the special aptitudcs and abilities of each grad- uate are noted so that a position which fits his own particular taste may be given to him is one improve- ment which was approved by thoi committee. Men who are not satis- fied with their present situations may be placed in happier circumstances by such a system. The possibilities of development in this field are tremendous. To give full opportunity to study of the ques- tion, the Placement committee has been subdivided into [our subcom- mittees. A systematic study of the relations between faculty and alum- ni is to be made by a group con-, sisting of Professor Roesch, chair- man, and Professors Freeman and Schummcr. Industry to Aid A committee to similarly treat the relations between faculty and indus- try, that is, the capacity of the fac- ulty to approach industry in regard to the establishing of engineering jobs in fields which have lacked them, and in regard to ordinary placement matters is headed by Pro- fessor Huntly. Its other members are Professors Finnegan, Freeman,, McCormack and Vagtborg. The lac-l ulty-student question is put up to] Professors Finnegan, Peebles, Mr.‘ Setterberg’, and Professor Suter. Pro— fessor Pcebles is the chairman of the committee. Cooperation of the faculty with an i organization known as the Industrial Relations Association of Chicago is of Pi Tau Sigma Held being taken up by a fourth committee headed by Professor Dutton who is Because of their scholastic stand- working for Professor McCormack. ing and school activities, William The work of the subcommittees is Alt. Frank Cotterman, Henry Mayer— hoped to help make an easier road for . owicz and Harry Nachman were Armour graduates in the future. The‘ made pledges of Pi Tau Sigma, hon- orary mechanical engineering fra- ternity, last Thursday. Professors Alumni have been informed of this in the last report of Dr. Hotchkiss. Nachman, Perry and Roesch acted Armour Architects 8S SDOHSOI‘S. The exact nature of the thesis of . the pledges has not been determined Smokerfls Planned i by Alpha Chi Sigma} November fourteenth is the date set for a smoker given by Alpha Chi Sigma, professional chemical fra— ternity, for juniors in the l chemical department. After the Christmas holidays a second smoker will be held for sophomores. The purpose of these smokers is to get the chemical engineers acquainted and to examine them as prospective pledges. Alpha Chi Sigma was founded at the University of Wisconsin in 1902. The Armour Chapter received its charter in 1930. It was formerly a local fraternity called “Flask and Beaker”. There are 47 r as yet. There is a possibility of deviating from tradition by substi— toting for a thesis a talk 0f short Armour Architectural Society, will mechanical be held in the Grand Ballroom of the duration before the group. Phi Lambda Upsilon Admits Fire Juniors Phi Lambda Upsilon, honorary} chemical society, pledged five men of the junior class last Thursday eve-i hing. Those pledged were: ville, R. M. Paulsen, and 0. Zineskal. The pledging, which took place in West Randolph Street (across from the Tau Beta Pi rooms, was pre- the Bismarck) and, ineidently, suffi- ceeded by a laboratory examination in cient parking space is available. which the knowledge and technique ate chapters and 17 professional chapters whose purpose is to bring chemical students and professional chemists into closer contact. of the “‘ t was L J The men‘came through with flying the affair was won by Irving Addis, colors—pledge ribbons of red andl blue litmus color, which they are now i wearing. ' J. I-I.‘ from any Johnson, J. F. Kahles, H. P. Mille— Architectural class. Set Date for Dance La Bal de Automnc, the first social event of the season sponsored by the Steuben Club on Friday, November 16, at 9:00 P. M. Wilson Barnett’s orchestra will furnish the music for the occasion. The “bad news" is only $1.25, which makes it possible for nearly ev— ery Techawk to go, as students of all departments are invited. Tickets may be obtained in the cloakroom or senior member of the The Steuben Club is located at 188 The contest conducted by the class to create the best poster representing a senior member. The selection of the winner was made by two faculty members. l Faber Free fluids i ”—'“ I With many indefinite plans under‘ discussion, the social chairmen of the four classes were already preparing for Armour’s coming social season, and although no final decisions had been made, it was evident that there was a strong sentiment among them, in favor of a bigger and better social season for the social committees. Three of the social chairmen load under serious consideration the idea of trading bids with one another, so the members of all social committees would each receive a free bid to every Armour class dance. Two were defi- nitely in favor of the idea, another expressed no personal opinion but ap— peared to accept the matter as set~ tied, while the fourth expressed mild i disapproval. Trudelle Favors Plan W. A. Trudellc, social chairman of the senior class, said, “I believe it TAM Till bl Thhdl newcomers; All seniors are requested to check. their records in the reg/13 strdr’s olficc with Mr. Kelly be- fore Nov. 15th. A list of students in. the senior clues is posted on the bulletin board in Main. Am; stu— dents whose names are not on the list and wish Lo graduate in June, 1936, report lo the registrar’s office at once. Tuesday, November 6, 1934 lbd’l‘lllllli’fi lillfifihliilfi lid lllllllfi Tfitll hhlll'llfi hhlfihl“ Financial and Administrative Difficulties ‘ Overcome by Adjustments in Stall: and Curriculum snail»? wosk soon A detailed report of the present standing of the Institute has been written by President I-Iotehkiss, and will be sent to the trustees, and to the alumni. This report tells of a survey of the school and the past polici ‘ of the Institute, which re- mour has had, in common with sev- eral other engineering schools. The report brought out the fact that makes a cooperative spirit among the classes," and went on to explain that it would help sell bids. He gave the plan his full approval. ‘0. A. ’l‘omei, sophomore social chairman, was also in favor of the idea. He said, “The social commit- tees do a lot of work, and usually at their own dances they don’t get a chance to have a good time, with such matters as watching the doors to be taken care of. In this way, all four classes will work together, and more bids will be sold to each dance.” Juniors Only Dissenters D. Graham, chairman of the jun< ior social committee, said, “It’s good advertising, but expensive. I don’t think we'll do it.” He explained that none of the other chairmen had men- tioned the matter to him, and this they confirmed. Trudellc stated that he had dis- cussed the matter with none of the others but Tomei, who had in turn talked it over with S. llealy, fresh~ man social chairman. The latter had not appointed his committee last Friday, but appeared to have accept» ed the “swapping" idea as a custo- mary minor detail. Question Not Finally Semlod It is evident that no agreement has yet been made to “swap" bids; in fact, Trudelle declared that it would only go through in the event that all the social chairmen agreed on it. (Continued on page 5) Fresh Urged to loin in Activities An appeal to the freshmen to en:- ter extra curricular activities as much as possible was the text of Pro- fessor Ilendricks’ talk to the class of ’38 at a meeting held Thursday, No- vember 1. The address followed the introduction 01' the newly elected ofu i‘lcers. The freshmen were urged to dis- play some man-made will power, and, as examples of what could be accom— plished by this, Professor Hendricks outlined the origin and development of the Armour Tech. News. He also used an experience of his to illustrate this very vital source of success. After this very impressive talk, Claire Dunbar, president of the freshman class, stated that each stu~ dent should have and develop a desire to forward the class of ’38. William O’Brien, A.T.A.A. representative, urged his classmates to enter all ath- letics even though they were not ac— tive in their high school days. Fraternities Discuss Plans for Semester At the interfraternity meeting held last Friday at 10:30 A. M. in the Tau Beta Pi Rooms, fraternity plans for the present school year were discussed. Athletics was the main topic of discussion, Plans for a touch foot- ball contest were abandoned as of— ficial competition, due to the fact that the proposed schedule would necessarily interfere with the eomv ing basketball season. Plans for a fraternity swimming meet were re- viewed. The meet will include seven events. The winner will receive a travelling trophy. The members proceeded to an ex- amination of rushing activities. Some Tech News Social To i Be Without Speakers An informal get-together for the members of the stall ot' the Armour Tech News on Wednesday, November 14, will give at least one evening free from discussions of calculus problems and space requirements of an obstreperous headline. A feature attraction of this particular social event is the absence of speeches or speakers. The Beta Psi fraternity house, 3337 So. Michigan Ave., and seven-thirty p. m. are the answers to the reporter’s twin questions of where and when. Activities for the evening will con-. sist of pool, ping~pong, poker, per- haps pinochle, and maybe even bridge. The statement that refresh- ments will be served may help to: bring out a big attendance for this‘ affair. This getutogether is not to be confused with the annual publica-‘ tions smoker which is sponsored by Sphinx, honor literary society. of the opinion that the present rush— ing rules are inadequate and no longer serve the purpose for which they were designed. Glee Club to Present New Series on WGN On Friday afternoon, November 9, ‘ the Armour Tech Glee Club will pro. 1 sent the first of a new series of pro- l grams over radio station 'WGN at [4:30 o’clock. Since the appearance ‘ of the Glee Club at a Century of o Progress Exposition a few weeks ago, Pledge Eight Men k? diligent effort has been made to pre- Lfltefi'ary Frakei‘nlty . pare a complete program for the ___.. l broadcast series. This broadcast Sphinx, Armour’s literary honorl will mark the fifth for the Glee Club. society, pledged five seniors and three The entire musical organization, juniors at a meeting held Tuesday, consisting of the members of they October 30, at the Beta Psi house. Orchestra and the Glee Club, will up- The seniors pledged were J. M. pear before the Rotary Club of Chi» Bard, C. R. Bristol, 0. P. Frei— eago in a Thanksgiving Day concert linger, J. F. Humiston, and J. K4 on November 29. Mr. Erickson, dis Morrison. Those picked from the rector, takes pleasure in announcing junior class were F. D. Cotterman, that this appearance is in answer to R. R. Johnson, and R. S. Kercher. a request resulting from a favorable of the fraternities represented were, Armour has had a tendency to over- load the curricula with highly spe~ cializcd subjects which are difficult and expensive to maintain. Under the present administration, this trend has been corrected to a lim- ited extent. Another lii'nita’cion which the survey has revealed. arose from the fact that the organization and teaching of certain important subjects had not kept pace with the times. i l I \vcals several weaknesses which Ar.- l Adjust Curricula In order to overcome these and other difficulties several major ad- iustments of the new administra- tion have been made. The first ad- justment was the assumption of jurisdiction by the Institute over all ; research and testing activity in which the Institute cquipment is employed. he second major adjustment was a temporary suspension of shop icourses. Certain shop courses will be started as soon as the exigencies of the budget permit. It is hoped that the new courses can be insti- tuted early enough so that no stu— dent will graduate without having had the benefits of shop work. It ’ will be recalled by those who have i read the report that the subject of English has been discussed. The sur- vey has revealed that instruction in this subject has not been up-to-date. Since this survey, the course has been improved, and the amount of work has been nearly doubled. Faculty Changes 1‘ Dr. Hotchkiss’ report also men- |tioned the fact that the faculty as a whole has undergone considerable change during the past two years. i Several members of the faculty have ‘ left, and several new men have been i added. In addition to changes in the lstafl‘, there has been considerable i change in internal organization. The titles of Dean of Engineering, Dean of Evening Classes, and Dean of Freshmen have been temporarily ' abolished. Professor Henry '1‘. Hoald has been made sole Dean with ifull responsibility under the presi< dent for the educational prom‘nm l and internal activities of the Insti- tute. The work or the Recorder has been enlarged considerably, and his title changed to Reuist‘rnr, which carries full Faculty status. The first half of the President’s report is given in full on page four of this issue. Revision Made in Lean Committees All of the former loan committees have been co-ordinatcd under a cen- tral loan committee. The old commit- tees were: the Faculty Loan Fund, in charge of Dean Heald and Professors Freud and Thompson; the Henry Strong Educational Foundation which was administered by Dean Heald: the Armour Tech Athletic Association Loan Fund which was under the di~ reetion of Mr. Allison, and the Alum- ni Loan Committee which was man» need by Professor Moreton. Under President Hotchkiss’ new These men have been outstanding showing before the same organization in their work on Armour publications last year. The musical clubs menr and their yellow and black pledge bership consists of 100 students; the ribbons are in recognition of this Glee club has 60 and the orchestra fact. I 40. plan the Central Committee, com» posed of Professors Mend, Newton. Dean Heold, Mr. Allison. and Mr. Kelly. will supervise the action of the old committees.