43 ,3 .fi» w 1%., me... ~... Tuesday, October 20, I936 By S. M. Miner CRIES OF THE campaign orators, as well as theories of the “brain- trusters” have brought economic pol- icies sharply before the mind of the public. That misrepresentation and contradiction will be rampant goes without question. The economic pol- icy which the incoming party will follow (regardless of which party it will be) is certainly not going to be either of the policies which the two parties shout and wave at the present time. Instead, it will be a “middle of the road” course, similar to that which we have been following. The progress along that road may be slightly (and only slightly) accele- rated or retarded, depending upon the party in power, but there will not be any radical departure from the gen- eral course. FOR AN ANALYSIS of that course, it is easiest to say that it is made up of certain features to be found in each of four main divisions, into which economic policies can be divided (1) Laissez fairs (in its pop- ular interpretation); (2) Govern- ment Regulation; (3) Enforced com- petition; and (4) Government own— ership. For many years now, our trend has been toward the Loissez- faire policy, with additions and re- strictions from the other three. Re— cently our trend has been more rapid in the direction of the latter three. It is this prominence of the problem that prompts an analysis of each of the four branches. THE FIRST of these policies to be discussed (first because it may be as sumed to be the starting point from which the other, by various embellish- ments, are derived) is the “Laloscz- faire” theory. The term “Laisseov fairs,” literally translated from the French, means “let alone" (or “allow one to do as one pleases," idiomatic- ally) and dates back to the reply which the French manufacturer, Legendre, made to Colbert who asked what he could do for industry: “Lois- scz—faire." IN PRINCIPLE, it is a policy of freedom, unrestraint, non-interfer- ence between government and indus« try. It is the policy which the Repub— lican party propounds (even though they declare against monopolies, promise payment of farmer benefits, approve state-labor laws, and tariff protection). However, in the present day, with “big-business" and compli- cated financial and trade structures, common sense quickly shows the in- compatibility of the “Laissez—faire” principle in its pure entirety. Cer— tain rules and regulations must be added and so we turn to the second of the four degrees of economic pol— icy. BY PLACING certain restrictions upon industry, exploitation and abom— ination possible under “Laissez— faire" striations or “regulations” (from which the branch is named) in- clude wage limitations, production control, employment regulations, and “planned business" in general. THIS FIELD covers much of the New Deal legislation. However, this policy in itself does not ofler a solu- tion. of course, in times of acute economic crises, that is, when the ma- chinery of industry is “badly out of gear,” some readjustment of condi- tions is necessary. In order to has- ten that readjustment some form of regulation is advisable: just how much, however, is a controversial question. But, regulation in itself cannot serve the continuous needs of industry. THE WEAKNESS of regulation lies in its inability to be completely effective. Business is too broad and scattered for the Federal government, restrained by a Constitution as in- terpreted by a. conservative Supreme Court, to cover the field of industry from “the utilities to the corner can- dy store.” Furthermore, the burden of governmental interference in a small business is altogether out of Ilt’e Stan. and Jesse Again in Bookstore Armour Techawks are glad to see an old friend, Jesse Kramer, back in the bookstore. He has been away for a year while working for the Singer Sewing Machine Co. Prior to that he had been at Armour for 10 years, serving four years in the cashier’s office, and six years in the bookstore. Upperclassmen who remember the fine service of former years, espe- cially welcome this friend back. Jesse said to a reporter, “I guess you just couldn’t get along without me.” He and Stan will alternate on night work, the store now being open till 8 p.m. Bart Watson, who was a clerk, is now in charge of the cloakroom and mimeographing. 1’. Thomas Appointed to Cycle Ad Position According to a recent announce- ment, Idris Thomas has been appoint— ed Advertising Manager of the 1936 Cycle. Editor P. M. Martin states, however, that additional assistance in the advertising department would be greatly appreciated, and all students interested in doing this type of work will be welcome. proportion. And so we must look farther in the field of economic pol— icy. , ARMOUR TECH NEWS NE’WPRQJECTSMI Fire liretects Hear I (Continued from page one) « Prof. Vagtborg also revealed that construction on another laboratory for research purposes will begin sometime in the near future. The third project being worked upon is the ladies’ lavatory in Mis~ slon. The work on this project will be completed sometime in Novem— ber, and by then the men’s lavatory will be reopened to the students. It is being temporarily used by the ladies. Also by November the new metal partitions will be installed. New class rooms, which will be ready for use next semester, are to be constructed on the second floor of Chapin Hall, according to present plans. Brick division walls are to be out through, floors are to be retin- ished, rooms redecorated, lights in— stalled, and in general the second floor will be modeled after the com~ . pletcd first floor class rooms and hall- way. This proposed revision is in accordance with the remodeling: pro- gram being carried out at the ln- stitutc under the direction of Pro- fessor H. A. Vagtborg. Other changes are made neceSSary by this move. New quarters for the Armour Tech News, which is now located at the fourth entrance on the second floor, have already been se- lected, and will he on the third floor at the fourth entrance. The lnsilute has agreed to clean the mom and finish the iloor, the wall rodeo-Drilling: to be done by the News. The new quarters will be one large room, in which the stafi' plans to place 'a long table besides the furniture which the present office has. I I Tolls on Distiller-ice: ”Distillery Risks,” was the subject on which Mr. C. N. Mullican, enmi— neer with the Insurance Company of North America, spoke before the F. P. E. S. last Friday. This meet- ing, which was the first of the year for the society, was held in the physics lecture room with about twenty—six mol‘nbcrs in attendance. The hazards involved in the di ferent processes during which whi. key is distilled and stored wcrc‘ thoroughly discussed by Mr. Mulli- can. Special emphasis was placed on those operations in which the dust hazard was exceedingly great and on those operations which required the processing; 01' flammable liquids and vapors. Distilling operations include the handling: of grains, storing of mesh, and the ageing" of whiskey. Most of the grain operations produce dust in quantities which, if icnlted by a spark, would cause an explosion ofI very great magnitude. In the grind—I ing room alone, where high speed roller mills are used to crush the grain, a slight jamming of the crushing; plates would cause such an explosion. The principal hazard which occurs in the storing of whiskey is due, ac- cording to Mr. Mullican, to leakage of liquor from improperly con- structed barrels. In early years, workmen repaired leaking barrels directly in the warehouse, but sev— oral large fires within the last few years in warehouses have resulted in regulations being passed prohibiting; such practice, I Page Three ‘. Phil. YERS—m (Continued from page one) Chopin Returns From Tom Bel-e Quarantine Returnino from the national con-2 ciples and methods for dramatic pro— vention 0" Tau Beta Pi: honorary Lin‘l ductions; and secondly, because of its gineermg fraternitpr. A‘ Chapm, controversial treatment of labor dif- Armour delegate, said that the ses», , sion was highly successful. The con-‘ fic'iltwg plv°blem3 that vention was held on October 8, 9, 10,, l“ at Cornell University at Ithaca, New I the latter connection it is hoped by YOI'IT‘ . . Imcmbers ol' the Guild to stimulate “I,“ the present time there are midiscussion and interest in modern active delegates. ()ne delegate was‘ - asked to be sent from each chapter; only eight delegates were missing. The financial condition of the organ— ization was pronounced excellent at the present time. Out of 26 applicants last year six received scholarships. ll. l’. Mille- Villc of Armour received (me of them. The rest were ofl'ercd fellowships Iuy Yale University. At the meetings. one new chapter was installed. The honor systems ex— isting at Louisiana State and Tulane Universities were (' 5d. it presents , constantly confront the engineer. labor problems. A. N. Schreiber, member of the committee that chose the play, said, “The individual of the Guild and the faculty do not neces- members sarily subscribe to the labor prin» “Waiting- for Lofty.” As a matter of fact, several «members were o1mosed to the play because they were not in accord with its dogmas. Thus in presenting this play the Guild is not trying to ‘grind an axe’ but is merely attempting: to illustrate new dramatic principles and give the student body something to think about." . The play will be presented near the Thanksgiving holiday. Most of the members of the Armour Players have returned to school this year and a very successful your is anticipated. Iciples presented in I Talk on Dicwfiasting Al, the meeting ol‘ the junior sec- tion of the Western Society of En. ginecrs, Mr. E. M. Murray, sales manager for the Central Dic~Castinm Company, discussed the applications -- Wm— ol‘ die-castinu‘ to industry, llc stated im' meetings, and he hopes that they that complicated coatings- are mode will continue to show their interest. for a small fraction of tho cos-1t oI'I ”The Spanish Situation" will be similar parts made by sand castings. I presented by Luis Perez, consul tron— llies vary in cost from a few hundred oral in Chicago, Thursday evening at to several thousand dollars. the W. S. 16. rooms. The senior civil Leigh S. Keith, secretary of the students are showing" interest in this Western Society of Engineers, said coming talk according to P. L. Gr. that he is well pleased with the turn- Moore, president of the local W.S ‘ out of Armour students at the jun- and he expects a large turnout. IW W THE GREATEST THFIILI- IN FOOT BALL IS A PERFECT SCORING PLAV. MINNESOTA PULLED A BEAUTV a/ANE PLUNGE o i?) “In I oowms can be eliminated. Such re-‘ a THIS PIAV IS NOT INTENDED TO SCORE. MINNESOTA IS DOING WHAT EVERV CLEVEH TENNIS STAR, FENCE“, OR BASES/in, PITCMER DOES—- RUNNING PLA‘IS TO GET ‘ THEIR OPPONENTS OUT OF POSITION 34 OFF TIMING “/fawo comes out woo THE swerv— . m EST scams PLAY we even SEEN. LET [QNME DRAW vou A COACl-I’S DIAGRAM / \BF n- on THE TABLECLOTH. . . \ . . . MINNESOTA IS BACK, THE Tint-BACK 2b . AGAIN MlNNEfiOTA THRUSTS AT THE LINE. WITH EVEFW OUNCE OF VIGOFI TO PREVENT NEBHASKA STOPS 1145M DEAD.TI-IEY'RE FIGHTING \MNNESOTA FROM SCORING-- r/v /- - ~ ,. ’a/r? Mifi-c/ V7 ' //K¢%%// u u u n in S ’ 1 R K 0 x2“; ‘\ I . lo M, , w . Q Mn), “so .5 G) %' In: ------- a- o. m»... WHO H 1N SINGLE WING-BACK FORMATION WITH AN UN- ssmnceo LINE.THE QUAFI1'ER—BACK,”5 BACK, TAKES me PASS mom CENTER'x. ® noes A HALF spmNEfimANo TOSSES AN UNDERAFIM wen/um TO THE mom HALF-BACKM BACK®, WHO FEINTS AT me one, THEN THROWS A secomo LATERALMTO THE LEFI’ I-IALF~ an AS EEEN comma oven. ms TAiL-— BACK pnvovs QUICKL‘I mo curs OFF measures A roumoowu® 9TEAM5 OUT OF 10 WOULD UNCOFIK THEIR fiCORING PLAVS NOW. BUT NEBRASKA EXPECTS THIS. MINNESOTA HAS TO USE ‘3'» DECEF’I‘ION. FOR THE THIRD TIME THEV CRASH THE LINE.THE BALL /}L IS ON THE '/2. VAHD LINE. MINNESOTA GOES INTO A HUDDLE— /( «a MEANTIME EVERV MAN ON THE NEBRASKA TEAM WHO CAN STOP THE PLAY IS TAKEN OUT. THANKS To THE THREE PLAYS JUST PRECEDING, THEV ARE OFF-BALANCE AND OUT OF POSITION. THIS MAKES IT EASIER TO STRETCH THEM DOWN FLAT AND OUT OF THE RUNNINGJHE ACTION PICTURE SHOWS THE PERFECT MINNESOTA BLOCKING. Copyrinixl, 1535. R. J. Reynolds Tuh. Co. TDUCHDOWNS LIKE THAT SEND CHILLS EATING. CAMELS HELP EASE STRAIN FOR ME AND BRING ME A FEELING OF DIGESTIVE WELL'BEING LET ME GIVE YOU ANOTHER GOOD POINTER THEN: SMOKE CAMELS BETWEEN COURSES AND AFTER FAVORITE EVEH‘IWHERE. THEV SET THE ALL‘TIII/IE HIGH FOR MILDNESS AND FLAVOR. AND CAMELS DON'T GET ON VOUR NERVES 1 COVER A GOOD SECTION OF THE COUNTRY” SEE PRAC- TICALLV ALL. THE TOP~NOTCH ATHLETESMCNVIELS ARE THE @éhddiglfa 533%“? httbllll I'dtéllrldzfl SMOOTH AWAV THE DAVE UPS AND DOWNS, LET DIGESTIOII GET OFF TO A GOOD START. JUST EN“ JOV CAMELS AT MEALTIMES AND AFTER. SMOKING CAMEIS SPEEDS UP THE FIDW 0F Dl— ‘ GES'I'IVE FLUIDS~INCRERSES ALKALINITY~—— BRINGS A SENSE 0F WfiltrsElNGW-SO Md filhhflthfiE Wilt: Sdiilh‘fi m‘I'lIEli (AMELS ARE MADE FROM FINER.E‘A@§§E leebSSWE MESWSWTURKISH AND DOMESTIC—“THAN ANY OTHER POPULAR BRAND. (swam) R.J.fiEVNCLDS TOBACCO COI‘JIFANV WINSI‘ON‘SALEM, NORTH CRRQLINA