By Albert M. Lame WITHIN A FEW months we will witness the efforts of a large press group to retrieve for certain capital- istic interests, to whom they are bound, the dominance over national policies that they held for so long a period prior to the political upheaval of three years ago. The gold bloc will direct the distribution of propa- ganda, and the press will place it be- fore the public. However much dis- tortion of fact it may be necessary to invoke, the picture will be made sensational enough to catch the eye of popular appeal and broad enough to obscure the essential truth from even a careful observer. The price of regaining political control, should the project succeed, seems not to be a measure of consideration. Since that price must be paid by the people at large, being a probable reversion to the chaotic commercial state of 1930 to 1933, the need is critical for a familiarity with the issues involved. It is imperative that the general pub— lic seek for a comprehension of the relationship between a gold standard and economic stability. A SUPERFICIAL familiarity with the theories of monetary valuations and purities vmight readily lead to the false conclusion that any standard of currency exchange which assigns equal purchasing: power in respective markets is economically sound. In the light of equivalent market value the problem of standardization of cur- rencies is extremely simple. Experi. cnce has shown, however, that the theory does not parallel the practice. It has been demonstrated that an ap- parent equilibrium may be entirely out of balance in terms of currency flow. Despite the establishment during the post-war period by the world powers, of currency exchange "‘ rates that were based on purchasing power, certain nations found them— selves attempting to endure a con- stant eflux of gold without a com- pensating influx, the net result be» ing a dangerously depleted gold re- serve. New theories, formulated to account for the collapse of the older ideas, propose that stabilization exists only when an extended trade leaves the gold reserve level virtually undisturbed. This new conclusion certainly is plausible, and it needed no great brain to draw it. Its eco- nomic worth, though, is not evident, for it offers no solution to the prob- lem of securing the desired end. THE DISTURBED condition of world trade which existed during the immediate postwar period and which it was thought to smooth out by dc- flation and reestablishmont of ex- change rates remains substantially unchanged. The scale upon which ad- justments were formulated was un- intentionally made in error. In their anxiety to restore trade to a normal basis, international bankers under- took to establish exchange rates for the three major monies (the franc, the dollar and the pound sterling) before national readjustments had been completed. The valuation of the pound at its pro-war parity of $4.86 failed to recognize the increase in Great Britain's national debt, changes in her balance of international pay. ments, and increases in her produc. tion costs. The value of the franc was set with over—emphasis placed upon war havoc. France was endowed with an artificial trade advantage, for the franc had a lower value in foreign exchange than it had in domestic trade. Her merchandise was cheaper in England and in the United States Splash Party to Be Held By Sophomores A splash party followed by danc- ing to be held at the Edgewater Beach Hotel in the near future is being planned by the sophomore class. Bids are to be $1.00 and will be sold only to the first one hundred members of the class who place res- ervations. Stan Healy, social chairman, made it known that the sophomores are wasting. no precious time, but are diving right into their first big so cial event of the 1935 season. “However," remarked Healy, “Sophomores have not reached the peak of their activity. Several more parties and dances are in the offing." He also stated that this swim-dance affair will be cluscd to all but the sophomore class. Further social events will not be as exclusive; among them will be in- cluded the annual sophomore-fresh- man dance, which may be held after Christmas. Civil flepurtment fihungcs @llices With the aid of N. Y. A. help and student assistants, the civil engineer~ inf; department last week moved to a new location in the building east of Mission building, occupying both flats of the third floor. The old quarters proved to be en- tirely too small. Four professors and two student workers occupied three rooms, causing: congestion and go I- eral inefficiency. Protectors Have Private Offices At the new location each professor has his private office. The student workers have a room of their own, and ample space for storing instru— ments is provided in the rear rooms. The movers made use of their en. gineering knowledge by rigging in an extension cable from the drafting“ room to a room in the next build ing directly opposite. Such thinyze is boxes, tripods, boards, and pails were moved via space. Much to their din» nopeintment, instruments and other delicate objects had to be carried down two flights of stairs and up three flights. Engineers Must Play Upon interviewing: Professor Penn. he said, "No time was saved by this engineering accomplishment, but the playful engineers had to have their fun." Last Saturday, the office in the drafting room of the Misuion build— ing was moved to the some flats. This step was made in order to take out the partition between the office and the drafting»: room, which previ- ously cut out much of the light. ‘Zilpplieol Psychology” is Junior WEE. Tulle A talk on “Applied Psychology" will be given Thursday, October 31, at the junior meeting of the Western Society of Engineers by Professor J. Crane of Northwestern University. The talk will not be technical, but will be presented so as to give the layman a knowledge of psychology in general. At the last meeting of the Junior Engineers, C. A. Donne], chief vmei'r eorologist of the North Central Fore— casting District, spoke on the meth- ods of predicting the weather. Con- trary to ordinary belief, the per- centage of correct predictions is much higher than one would esti- mate. In the Chicago district, 85 percent of the predictions are found correct. One of the functions of the weather bureau is to issue bulletins to airlines and the forest depart; ment. A special bureau is maintained in than kindred native products, and“ the hurricane region to predict and the abnormal demand for French goods bred unemployment and Lin“ favorable trade balances in those countries. (To {.9 continued next week) give warning of hurricanes. The condition of the weather moves about 25 miles per hour, so the weather Armour Institute of Technology, Chicago, lllinois 'srniux unsound lllh'lhltllll‘ll Will. Wh‘l’l‘h lllllllllbdllll Will Probably Be included with Directory Students will soon have a hand- book giving complete information about all school activities, if the plan of Sphinx, Armour’s honorary lit- erary society is carried through. Sphinx proposed last week to Dean Heald that this information be in~ cluded in the student directory which will be published soon; consequently the directory will not be printed un» til it is decided whether the activ- ities information is to be included. Information to Be Concise The articles on each activity would be concise and informative, and would include such information as the rules of the organization, the eligibility rules for honorary so- cieties, the purpose and activity of each club, and the membership of the societies and clubs. Names and ad- dresses of members of the social fra~ tornities may also be included. Mem‘ bers of the Sphinx society will write the handbook. One feature would be the inclusion of the new, as yet unofficial, consti— tution of the Armour Tech Athletic Association. The type of work done by the placement office with information which will aid students to cooperate with it may be outlined in the book also. To Include All School Activities Articles will be written on the Alumni Association, the honorary en- gineering fraternities, the student publications. the musical clubs, other clubs, the social fraternities, and athletics. Information as to how the student activity fee is divided will be includ-v ed, showing how much is received by each group. It is not known yet whether there will be a charge for the combined directory and handbook of activit but it is probable that there will be a nominal charge. Sophomore gloss llcnounces growls ll. J. Bodnar, president of the sophomore class, presided over their first meeting of the year last Fri— day. After the introduction of the newly elected officers, several inat- ters of importance to the class were discussed. A committee was partially appoint— ed by the president to receive bids for class sweaters or jackets. Follow— ing this a motion was made and car- ried to the effect that the sophomore class will pay the doctor bill incurred by Bodnar as a result of a broken arm received in a recent sophomore- freshman street encounter. A heated and lengthy discussion of the wearing of the green was the biggest issue of the day. The gen- eral feeling- ‘of the class from a sane point of view is against senseless fighting causing injury to students and possibly crippling them for life. it was suggested that if such a prac- tice continues, junior week may be ruled out and other privileges of the students removed. Armour AJEE. l'lolds Smoker Next Friday The Armour chapter of the A. I. E. E. plans to hold its annual smok- er next Friday evening, November 1. The party will be in the nature of a bogus—money or Monte Carlo party. It is expected that the students will, for a few brief hours, lay away the cares of the day and enjoy the pleasure of being‘ prosperous. It is understood that the faculty of the electrical department will he V , ' . ‘ ' "‘ ouieau "I“St be V9131 prompt m CHIP, well represented. Films of Armour piling its reports. student life will be shown. Pi 'll'au Sigma Elects Six for Membership One member of the faculty and five students were pledged lust Wed~ nesday to Pi Tau Sigma, national honorary mechanical engineering fra» ternity. The faculty member is Professor 3. E. Winston. Hugh M. Greenman, Anthony S. Majercik, and John G. Waldman, seniors; and Fred L. Loason and Sidney M. Miner, ju- niors, are the students who were pledged. The national convention of Pi 'L'au Sigma will be held this year at Pur~ due University on November 14 and 15. Arthur 1-]. Rice will be the dole- gate from the Armour chapter. Armour Mechanicalc of ’34 Halal Il/leeting ConV‘cning in order to renew the friendships formed during their four years at Armour, the mechanical en- gineers of the class of 1934 met last Friday evening at the Knickerbocker Hotel. Most of the instructors of the Mechanical Engineering- departs mcnt attended. The organization, a purely social one, is headed this year by ll. Kreis- man. No formal business was taken up, the only discussion being on the date and place of the next meeting. This group of alumni has held numerous reunions since their grad— uation and is one of the few groups to hold together in such a manner after their undergraduate days. As a student body the group was espe- 1ially active. The organization was designed at its conception to be per» petual. Willie Qlub Will Meet First Time at Noon Armour’s Rifle Club is holding its first official meeting today at 12:30 1). m. in the Physics Lecture Room. Many new members are expected in order that complete reorganization] measures may be taken. Those who are backward about joining,r the club are encouraged on the grounds that novices and experts alike are Welcome. Rifles, cartridges, targets, and equipment are supplied by the club. Semester dues are 75c. All who join have an equal chance of training: a position on the rifle squad. Medals and trophies will be i awarded on the ability of the chosen I squad in Proxy or Postal and “shoulder to shoulder” matches. If swift development takes place Armour-’3 Rifle Club will join the National Rifle Association. lrisloll New Diesel Unit in Auto lab The Automotive Laboratory of the Mechanical Engineering Depart- ment has just received a six cylinder Diesel type Compression Ignition In— jection Engine from the Hercules Motors Corporation of Canton, Ohio. The engine is of the 4%:{534 inch size with 21 horsepower rating: of 125 at 2200 r. p. m. and is now being installed for routine and special stu« dents’ tests. The Diesel equipment in the Auto- motiv's Laboratory now completely meets the present requirements and} includes in addition to the above unitl a single cylinder Fairbanks-Morse latest model 36 engine directly con- nected to a Fairbanks~Morsc Gener- ator. _, A McCormick-Decline Diesel Four Cylinder Power lnit Model I’D—40 has also recently been received and installed in the Automotive Lab— ; oratory. Junior glues Commission Formed, Elects @lllcero and Social lender Representatives composing the commission for the newly adopted government system of the junior Tuesday, October 29, W35 llllldllb llllll "id lllllb lllllllll ill llllll llllldlllll class under the leadership of presi- Better Program and a» dent, Joseph Bartusek, met for the first time last Friday for the purpose of electing a secretary, treasurer, and social chairman. The men comprising the comm-lis- sion are E. Brinh and W. Chapin, electrical, F. Leason and O. Tomei, meehanicals; J. Stern and L. Zwis— olcr, civils; F. Hackman and E, Kreml, chemicals; R. Magnuson, fire« protect; and C. Saletta, architect. All members were present except Saletta, who was unable to attend. F. Leason was elected secretary; E. Kremi, treasurer; and O. Tomei, so- cial chairman, with It. Magnuson as his assistant. It was decided that the social committee would consist of only members of the commission. Plans for a junior dance in D34 cember were immediately discussed, and suggestions on locations and or~ cheetras were given to ’l‘omci and ‘Magnuson, who will begin workingr on the affair promptly. The commis— sion decided that no free bids will be given to persons selling bids, as has been the custom, because these will be handled adequately by mem- bers of the commission. The dance proposition will conic up for further consideration next Friday at 12:20 when another meet. ing will be held. Hansen Called on by Business Interests Because of his leading in the dis- cussion on Unemployment insurance under the Social Security act at the Second Annual Mid—West Conference on Industrial Relations, Mr. Arthur S. Hansen, instructor of social sci- ence, has been called on by a number of groups of employers for talks on the same subject. Mr. Hiansen also led the discussion on practical and accounting implica- tions in the Social Security Act at the recent meeting: of the Illinois Manufacturer’s Cost Association ri‘ Chicago. was. sugar... he Practical Engineering Mr, Magnus ‘Gunderson, chief structural engineer of Graham, Au~ dcrson, Probst, and White, Chicago architects, will present an informal talk at the W. S. E. meeting at 10:30 next Friday in B-Misuion. His sub ject is to be “Applying- Engineering Fundamentals to Pnactical Work,” and he, will discuss the difficulties which he has experienced as an en- gineer. Mr. Gundcrson is a prominent on. ginccr in the vicinity of Chicago, having" done work in designing the new Field building", the Opera build- ing, the Merchandise Mart, the Post Office in Chicago, and the rail- road terminal in Cleveland. The October number of ”(‘ivil En— gineering” contains an article by Mr Gundersen, entitled “Design of the Field Building, Chicago.” A. S. M. E. Members To Hear Diesel Tulle ‘ In kcepin],r with the program laid] i out at the beginning of the term, the A. S. M. E. will present to its mom-l burs-1 at the meeting; to he held in: Science Hall next Friday at 10:30 a. m. another engineer of nation-all prominence. The engineer, Otis Ill rciber, will deliver a paper treaty} ine‘ on the Diesel engine and its opcr», altion. j At present Mr. Treiber is connect-i, ed with the Hercules Motors Corpo-l ration of Canton, Ohio in the capac-l ity of manager and chief engineoi'l‘ in the Diesel division. lie was formii erly' president and chief engineer in} the Treiher Diesel Enginoringr Cor-l poration of Camden, ,.‘ Prior to that he was r. ociuied withl the Diesel Engine division of thel Bessemer Gas Engine Company in‘ charge of engineering and sales. New Jar 1 well known in usirunon Larger Hall Urged For Graduation CHAMPS GET TROPHKES At a spirited meeting held last Friday morning in the assembly hall, the senior class made plans for spending the money in the class treasury, decided to have a “Hobo Day” on October 30, and elected H. P. Millcville class delegate in charge of arrangements for graduation. The seniors will gather in outlandish coe— tumcs in back of Chapin hall tomorv row for the climax to hobo day. A price will be awarded to the senior likely to make the most successful hobo after graduation. Plan Many Social Affairs When it was announced that there was $475 in the class treasury, a note of enthusiasm came into the meet- ing. R. M. Paulscn, social chairman, took the floor and received motions for stag and theater parties. It was decided that a dinner dance exclu' sivsly for seniors would be held sometime in December. The appoint- ments to the social committee were announced: l). C. Graham, D. E. Howell, I. M. Hughes, E. H. Olson, G. W. Ormsby, L. W. Robbie, and E. Wolniak. W. Alt, chairman of the placement committee, announced that applica- tion blanks are ready to be filled out and that all seniors should cooperate with Mr. Setterberg, the placement officers, in this respect. Change Commencement Program H. P. Milleville suggested that a larger hall and a better program should be planned for the graduation exercises. A motion was made to nominate a delegate to contact the ‘l'alculty about arrangements for the graduation exercises, Milleville was nominated and elected. Before the meeting was closed, it was decided that fourteen silver statuettcs should be given to the men who played on the senior baseball team which won the interclass base- ball championship. Kirsch and Freeman . at AWLEE. Convention Earl J. Kirsch, president of the local branch, and Professor E. H. Freeman represented Armour at the National A.I.E.E. conference held at Purdue University last Thursday and Friday, Oct. 24th and 25th. Elec~ trical engineers, professors, and stu‘ dent representatives gathered at. La- fayette, Indiana from all parts of the country to renew old friendships, make new ones, and fill the air with talk of condensers, superheierm dynes, electrons and other electrical jargon. On Thursday the graduate mem— bers and men actively engaged in electrical engineering: read their pa- pers. on the new developments and research in the field. Friday the stu— dent representatives gathered and read their papers. In the afternoon all assembled for a farewell bun- quet. Astronomical group» To Hear Carpenter Professor A. H. Carpenter. profes~ 801' of metallurgy and chemistry. will he guest speaker at the bimonthly meeting“ of the Amateur Astronomy cal Society of Juliet this evening. llis address will be about his room: v sit to California Institute of 'l‘eobzmlnm' which he made to inspect the men 3‘1 the 2004mm reflector now being coir— pleted at the Coming Gluxs “’11 New York. L chine to be used in the grind” S, Professor rponter is of 1 Society direct ~ :\ stroziomicul being' a of {be Serioiy of Aiiisteur IMukers of Chicago.