Vol. XVI. No. 7. B1; Albert M. Lame (Continued from last week) DESPITE THE inequalities thus cfi‘ected, time might have seen a more satisfactory arrangement provided before disaster prevailed had it not been for another great catastrophy. In the spring of 1931 the largest bank in Austria, the Kreditanstalt in Vienna, failed, and an uncontrolablc run of foreign creditors’ demands for liquidation of debts spread rapidly. The demands on Germany were so heavy that she was forced to suspend payment of her debts. Great Britain was next affected, and, her position being precarious, she was forced to abandon the gold standard. Through- out the year the situation became more critical, an ever increasing number of nations being forced to do» valuate their currencies and abandon gold payments. Each devaluation led to a trade advantage over those na- tions still clinging to the gold stand- ard, the only marked exceptions be- ing France and Germany, who 'en- joycd underrating. The ensuing dumping of goods in those countries not yet affected forced them to adopt successively tariil’ restrictions, quotas, and, finally, policies of gold payment suspension. The United States withstood the attack in the face of increasing unemployment and such unprecedented events as Japan- ese steel undersclling the domestic product until 1933, when the present currency policy was adopted. THE DEMAND 0F capitalistic in— terests for stabilization of currencies upon a sound basis defined in terms of gold is not the idle whim of con- trol hungry, money—mad financial barons. There is sound economics behind their reasoning. That which they seek is a prime requisite for an early reestablishment of the normal flow of commerce. Equipped as our productive units are for high capa- city, it is not possible for this nation to conduct its manufacturing trade with full labor employment solely upon the demand of domestic con— sumption. The abundant surplus must be absorbed in foreign markets or large numbers of our laboring class must remain idle. Under ex isting conditions of wildly fluctuating exchange rates, it is virtually impos- sible to carry on any sizcable volume of foreign commerce. A tentative profit to be realized from a large purchase made today may be reduced to a terrific loss tomorrow by a slight over—night decline in exchange rate. Similarly, a quantity sale of goods at a handsome profit may result in bankruptcy due to a sharp increase in exchange rate. International trade has been strangled. It is only logical that the traders should fran- tically endeavor to revive it. (To be continued next week) Architects Will Hold Ball onchcemlier 6 One of the highlights of Armour’s social season, the annual Arx Ball, has been set for the evening of De~ cember 6. As before, there will be a poster contest with a free bid to the winner and half a bid to console the runner—up. , . The price of the bids, orchestra, location of the dance, and informau tion concerning the poster contest will be announced later. These par— ticulars will be handled by a com- mittee composed of R. W. Becker, M. Beckman, B. Nobler, A. H. Ramp, and E. F. schma‘ltzs The annual Arx Society smoker was held last Friday night at the Lawson Y. M. C. A. A contest was staged in which participants dunked doughnuts in apple cider. The fac- ulty members who were present dropped their dignity to participate in the contest,'and. finished in the first division. brush to Present 1 “Green Hat flail” On Friday, November 1, 1935, the freshmen held a class meeting in Mission Building. Bolton Anderson, social chairman, with the aid of Jerome Bunce, Irving Footlick, Nor- man Rice, and Raymond Starmann have made arrangements for the first social event of the season. The Trianon ballroom with Jan Garber’s orchestra has been selected as location for this “Green Hat Ball” to take place November 22, 1935. Bids are priced at $1.50. The wearing of green hats will feature this freshman function, and the girls will wear novelties that will distinguish them from those who come with upper—classmen. Proceeds of this affair will fatten the class treasury in order that further dances may be bigger and better. The freshmen have agreed to con- tinue wearing their green hats dur- ing the allotted period. Street brawls, however, are completely abolished. Sophomores will be inter- ested in knowing that the freshmen are paying half the hospital ex~ pcnses of H. Bodnar, sophomore president, whose arm was recently broken during one of the melees. A... SJWLE. to Visit Studebaker Plant Tomorrow the Armour branch of the American Society of Mechanical Engineers will visit the Studebaker Corporation at South Bend, In— diana. Although no groups are be- ing regularly conducted through this company, special permission for a visit was secured by Arthur H. Rice from Mr. H. S. White, research cu— gincer of the Studebaker Corpora- tion, who is an alumnus of 1917 and was a former instructor of gas on- gineering at Armour Institute. He is a member of Tau Beta Pi and re- ceiv‘cd his M. E. degree in 1922. Meet an Proving Grounds The A. S. M. E. members will meet tomorrow morning at 8:30 on the proving grounds of the com- pany where they will be shown how various running tests are made. A trip through the experimental shops will follow, and a short explanatory talk will be given by the engineer in charge. The group will then pro- ceed to South Bend where they will (Continued on page 3) informal Dance to Be Presented by Seniors The seniors will inaugurate their social season November 29 with an informal dance, held either in the grand ball room of the Mcdinan or at the Lake Shore Athletic Club. The senior social chairman, Rob- ert M. Paulscn, and his stafi’ are hard at work making arrangements f0 this initial effort. They guaran- tee a well known orchestra and popular prices. Seniors, juniors, sophomores, and freshmen are in— vited to this affair, and a heavy turnout is expected. Social Committee ls Still Short One Man When one more member of the sophomore class social committee has been chosen, the makeup of the social committee will be completed. Chairman Healy has chosen the fol- lowing as members for the commit tee: M. S. Alexander, W. J. Chel- gran, C. W. Dunbar, and G. Stober. The committee will immediately set to work on the arrangements for a dance to be held within five weeks. The Medinah Michigan Avenue Club has been tentatively chosen as the place for the dance. In addition to the appointment of a social committee, President H. J. Bodnar appointed a jacket commit- tee to see about protecting the class against the elements. Suggestions in regards to jacket or sweater designs were offered at the meeting of the class last Friday. Armour Institute of Technology, Chicago, lllinoio Ifle-orge l. Height to Speak Nov. l l. is Noted for Work in Phone: Rebate Case George I. Haight, an attorney and a member of. the Board of Trustees, will deliver the principal address at the annual Armistice Day assembly, Dean Heald announced last week. The assembly will take place at 10:30 on Monday, November 11, in the assembly hall. The Glee club and Orchestra will also appear on the program in their first appearance before the students this year. Mr. Height is well known in the middle west as an attorney. He was one of the main figures in winning the famous telephone case which gained a rebate for many pay-phone subscribers. He is also one of the receivers of the Chicago, Milwaukee and St. Paul railroad, and in presi- dent of the Wisconsin Alumni Re- search Foundation. Junior Commissioners Chooses Midland Hotel At the junior commissioners’ meeting last Friday, a report was presented by the social chairman re- garding the location for the junior dance. After a brief discussion, it was decided that the dance be held at the Midland Club. The dance is to be held on Saturday, December 21, 1935. The price of bids was not definitely decided upon, but they probably will be $1.50. The social committee docs not plan to have a table dance on this occasion. The committee investigated vari- ous sites for the dance, among them the Drake, LuSallo, and Sherman Hotels. Plan Engineer lustre Early in Next Week According to latest information, the first issue of the newly revised Armour Engineer, technical organ published quarterly by the students, is expected to be ready for distribu- tion by Monday, November 11. The issue was scheduled last week to go to press today; the contract has; been let to Printing Products Corporation. This first issue will include a large number of illustrations and several full page ads. The advertis- ing department has been particular— ly successful during the past week mainly through the efforts of Pro- fessor D. P. Morcton. ’Slirle Rule Operation Topic of Math Tulle “How to Manipulate a Slide Rule,” a topic which should be interesting to every engineer, will be presented by Mr. William W. Gorsline at a meeting of the Math Club in Science Hall next Friday at 4:30. Mr. Gorsline is a teacher at Wright Junior College. Last year be ad- dressed the clwb on “Nomographs.” An explanation of some valuable uses and methods of operation of the engineer’s “guessingtstick” will make the meeting interesting to all stu- dents. Alumni Banquet Will Ea Held Next Week Tuesday, November 12, the Alum~ ni Association will hold its annual autumn banquet at the Medinah Michigan Avenue club. The 125 members of the Armour Glee Club and Orchestra will furnish dinner music. Professor John J. Handbook .lleucly to lle Published Full information about all school activities will be included in the stu— dent directory to be published by the Institute, Dean ‘Heald announc» ed last week. Articles covering all clubs, societies, and fraternities have been delivered to the Dean by the members of Sphinx, honor lit- erary fraternity, at whose instiga- tion it was decided to include the information. The handbook will include brief, concise articles on all the extra-cur- ricular activities. There will be ar- ticles which give the names of all the honorary fraternities and the requirements for consideration as a member. Also, there will be articles on the social fraternities, the athlctv ic teams, the clubs, and th man- ner in which the student acti ty fee is divided. One of the articles will be a. copy of the new constitution of tho Armour Tech Athletic Asso- ciation, which has been passed and approved by the board of directors, but which has yet to be voted upon by the student body. One of the most important serv- ices of the handbook will be the in- troduction of the new students of Armour to the social life of the campus. Many students may learn for the first time that some club is in existence in which they are very much interested, and a small concise handbook will answer all the questions a visitor can aok about the extracurricular activities at Aim mour. was. Elli auras. lilolol Joint Meeting At the meeting of the W. S. E. last Friday morning an announcement was made of a joint meeting, spon- sored by A. "l. M. 13., to be held here November 15. The speaker will be Mr. R. S. Archer, president of the American Society for Metals and a consulting engineer for the Republic Steel Co. He is also co—author with Zay .‘lcil‘ricc of The Science of Metals. At the last meeting of the W. S. 13., Mr. Magnus ‘Gunderson presented an unusual talk on construction prob- lems. Mr. Gundcrson is chief struc- tural engineer for Graham, Ander- son, Probst, and White, architects. Difficulties encountered in the crec- tion of the new Chicago Post Office constituted the major subject of the talk. Railroad tracks running on the ground presented quite a prob— lem due to the fact that the column footings had to «be located in such a way that they could withstand the tremendous load of the super—struc— ‘ture. Silicon steel previously used for smaller girders helped solve the problems encountered in the construc— tion, Mr. Gunderson was also connected with the erection of the Field Build- ing, Merchandise Mart, the new Civic Opera. Building, and the Railway Terminal in Cleveland. Honor A Proposes to Standardize Letters Standardization of the design of major letters for Armour athletes may soon be achieved if Honor A, the lettermcn’s honor society, suc— ceeds in the project on which it is now engaged. Different types of major letters that have been award- ed in the last few years by the athletic board are now under con- sideration by its members. The sn- ciety as a whole feels that a single standard major athletic award should be designed and then used consist- ently. Dissatisfaction with the present cmblcm has also been voiced because its three colors cause confusion in Electrical Honorary Pledges Twelve [Wen At the A. I. E. E. smoker held last Friday night at the Triangle fraternity house, twclvc men were pledged to Eta Kappa Nu, honorary electrical fraternity. 0f the twelve men pledged, ten are seniors, and two are juniors. The ‘scniorfl pledged were ‘R. H. Bothwell, H. R. Dollcnmaier, J. A. Ganzur, W. Gruca, A. J. I-Iaeger, E. J. Kirsch, R. Knaus, G. R. Rothschild, R. B. Rup» part, and P. L. Slugg; the juniors pledged were W. A. Chopin and P. M. Martin. The primary requisites for mem— bership are scholarship, interest in extra—curricular activities, peruouab ity, ability, and interest in electrical engineering. Four Seniors Honored by Pledging to Sphinx Four men were pledged to Sphinx, honorary literary society, last Tues— day. They are G. 1-1. Bergquist, C. 1., ’36; J. .l. Doudcra, C. E., ’36; J. Galanda‘k, C. 19., ‘36; and M. B. Stevens, F. P. E., '36. G. H. Berg- quist has worked on the staff of the Armour Engineer for the last two years and is now circulation manager. J. J. Doudcra, J. Galandak, and M. B. Stevens joined the Tech News staff three years ago. Doudera and Stevens are now make-up editors, whilc Galandak is the feature editor. All four men have been Very ac- tive in extra—curricular activities and have worked hard on the publica- tions, which is one of the bases for their choice as pledges. Only staff members of the student publications are eligible for membership. .l. Schommer Speaks Over Radio Stations During the past few weeks Pro— fessor John Schommer has been ac- tively engaged in fulfilling,r speak— ing engagements in addition to of- ficiating each Saturday in leading football encounters of the middle west. . On Friday evening, October 25, he spoke for fifteen minutes over radio station WJJD on the subject “Duties of Officials." Later, the same evening, he spoke for half an hour over WMAQ, contrasting foot- ball of former days with football today. In the latter talk, be men- tioned the use of strategy in games, and also mentioned many incidents of football of former days: the play was rougher, injuries were more serious, and substitutions were few» or. Last week on different occasions, Professor Schommer addressed the Cornell Club, the Kiwanis, and the Bar Association. His topics at all three functions were based on athletics. Thirty Men Arterial Rifle Club Meeting Thirty men turned out last week for the first meeting this semester of Schommcr, regard to school colors. A letter of president of the Alumni Association, two colors only seems to be gener— will preside and introduce the speak- ers, among whom will be Mr. James ally in favor. Members of Honor A are at the D. Cunningham, president of the present sounding out the ideas on board of trustees, and Dr. Willard this subject of all lettermen on the E. Hotchkiss, president of Armour campus. The problem will come up Institute. The first order of business for further consideration at the next will be the election of officers for meeting of the society, which will be the new year. held soon. the Armour Rifle Club. To increase the club‘s facilities, the ofi'icers are making arrangements to have the 108th Engineers’ Armory as their regular practice ground. The daily practice will begin at 1 p. m. According to Captain H. l. Mac— Daniel, the Armour team will be in shape to meet other school teams llllll‘dhhhllib Alllb lilidllll thlllllib lllllll‘l Till llhll’l‘hbl lllllll Mill“ ill“ limb libfilb May Refuse to Pay Assessments Which Were increased Last Year; Committee to investigate Tuesday, November 5, l935 Kidd In a move which, it was hoped, would result in a reduction of the cost to honorary and professional so— cieties of representation in the Cycle, the Interhouorary Council prepared last week to foster united action by all groups concerned. At a meeting attended by representatives of all the honorary and professional frater— nities and the engineering societies there was an almost unanimous agreement that the price charged these groups by the Cycle is too high. .It was believed by many that they would unite in refusing to pay the rates set by the Cycle. No Action Yc‘t Taken No action has as yet been taken by the societies, nor have all of the rep- rescntutives who met last week au- thority to take definite action on be- half of their respective groups, but it is expected that their recommen- dations will be powerfully influen— tial. The only motion passed at the meeting was one empowering J. C). Larson, president of the Interhonor~ ary Council, to appoint a committee of three to investigate the situation and recommend a course of action. Larson has appointed A. M. Lane, representing the engineering societies, L. Robbie for the professional fro- ternities, and 0. chskal for the hon- orarics, to act on the committee, of which he will be a member cm offi- w. 1-: Rate lucruoned Last Year Fraternities and engineering soci- eties must now pay a fee of $20 for a double page in the Cycle, or $35 for four pages. Previous to last year, the cost was considerably less. It was pointed out that the actual cost to the Cycle of the double page is approximately $30. However, it was also pointed out that the limited budgets of the engineering societies make the $20 payment nearly impos- sible, while its cfl'ect on the honor- aries is a large increase in the initia- tion fee. The allotment of the 1936 Cycle from the student activity fee is $2.75 per subscriber. This, however, is not the total amount which each stu- dent will pay for his Cycle, since each class is assessed $75 for its sec‘ tion, and all organizations which are able to collect dues from their mem- bers are also assessed. The social fraternities pay the same rates as do the honoraries and the engineer— ing societies. J. B. Davis, editor-in-chief of the Cycle. of 1936, present at the meeting as the representative of Salamander, honorary fire protection engineering fraternity, pointed out that the as« sessments on the societies amount to about 10 per cent of the Cycle budget, and indicated that were this source of revenue to be cut ofi’ and no other provided in its place, the quality of the book would be seriously impaired. Among the courses of action being: (Continued on near 3) d. S. Thompson Heads Physics Association Professor J. S. Thompson was elected president of the Chicago Sec— tion of the American Association of Physics Teachers, last spring at Lake Forest College. The purpose of the society is to improve the methods of teaching employed in the study of physics in college. The Chicago section is composed of Armour. Northwestern. Lake Forest. and other wounding schools of higher education. The next meeting of the Ameri» can Association will be held or Ar— mour in connection with the Society for tho Promotion of Etm‘inecringr some time in December. Education. :. . . a iv