Newspapers / Daily Tar Heel (Chapel … / Oct. 24, 1929, edition 1 / Page 2
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Pass Two THE DAILY TAR HEEL Thursday, October 24, 1929 &)t ailj Car Cfeclj c Published daily during the college year except Mondays and except Thanksgiving, Christmas and Spring -Holidays:f.:,( The official newspaper of the Publi cations Union of the University of North Carolina, Chapel Hill, N. C. Subscription price, $2.00 local and $4.00 out of town, for the college year. ; - - - Offices in the basement of Alumni . Building. Glenn Holder. .. ..... Editor Will Yarborough Mgr. Editor Marion Alexander......Bs. Mgr. ASSOCIATE EDITORS John Mebane f. Harry Galland ASSISTANT EDITORS J. Elwin Dungan . J. D. McNairy Joe Jones B. C. Moore - J. C. Williams CITY EDITORS E. F. Yarborough K- C Ramsay Elbert Denning Sherman Shore SPORTS EDITORS Jo 3 Eagles Crawford McKethan Henry L. Anderson REPORTERS Howard Lee Holmes Davis Louis Brooks Charles Rose Lawrence Harris Mary Price -J. P. Tyson Browning Roach Al Lansford Joe- Carpenter v, -Peggy Lintner: E. C. Daniel f' 1 W. A. Shulenberger Frank Manheim Stowe Moody Clyde Deitz George Sheram Robert Hodges John Lathan B. H. Whitton Nathan Volkman George Stone Lawrence Miller . Jack Riley T. E. Marshall R. T. Martin reasonable persons. Although their intellectual faculties con vince them that they haven't the ghost of a chance to will in the long run, they will continue to cast their money away in pur suit of the elusive ; goal of a "big killing." Speculation is one form of gambling, and it ex ercises a fascination upon cer tain persons, while there are many others shrewd and un scrupulous enough to take ad vantage of this essential weak ness in human nature. The bill offered by Senator Glass would at least ameliorate the situation on the stock mar ket. Society should protect its weaker members who are un able to resist the temptation to gamble as much as possible, at least to the extent of discourag ing the professional birds ; of prey who live by picking the financial corpses of the suckers. Every effort should be exerted by the conscientious powers that be at Washington and we are idealistic enough to believe that there are at least a few to fa cilitate the passage" of the stock tax bill. time again this has happened; when art and cleverness do thrive they are soon transplant ed. . Thomas .Wolfe, from Ashe vilile and a Carolina graduate, looms on the literary horizon- but not in his native section. In stead, he writes as an expatri ate, railing bitterly against the region of his birth for what he indirectly terms its smug com placency, its placid ignorance and untroubled stupidity, for its slough of intellectual despond. When intelligence does stay in the region it becomes weary with a tolerant cynicism at the sense of futility. It is time for this land of charming ghosts, with its his tory of glorious phantoms, to shake off this incubus of mental stagnation. The south should amend this sad situation and climb from the rut to terms of intellectual and artistic equal ity with its neighboring sec tions. R. H. after months football. of restraint by There was a famous dancer in the nineteenth century who later became one of the wives of the emperor of Siam? Her name was Llih Lepah, which if you carefully invert, will prove to be the name of the University of North Carolina, with the ex ception of the letter "C. Ask Students To Report Changes Thursday, October 24, 1929 Give The Sucker a Break! x 1 The erratic f nictations of the stock market Monday and Tues day demonstrated that manipu lation by professional operators is responsible to a. great extent for the enormous losses sus tained by small traders during the past several months. Thous ands of wage earners and pro fessional men failed to meet their margins in the drastic downward break' Monday and were sold out, , suffering heavy losses in the spread between asked and bid prices. After the professional operators had dis posed of the small traders, prices surged upward Tuesday. Dozens of "big-time" traders fattened their already bulging bankrolls considerably. It is apparent that the stock market has become a gigantic gambling device, manipulated for the benefit of leeches who make their fortunes by squeez ing the suckers dry. Americans are notoriously fond of specu lating, especially men of moder ate means who are victims of the "get rich quick" bug. Sav ings of a lifetime are frequent ly lost in a few days by inex perienced stock market specula tors. ' Obviously the small plungers should be protected from their own weak-minded attempts to beat the market. Millions of dollars are thrown away on stock gambling, while legitimate business enterprises suffer from a lack of capital. Originally the stock market served a highly desirable func tion in providing a ready mar ket for securities, but the man ner in which transactions are conducted at present places a premium upon clever manipula tion by professional traders. The market does not set prices which an analysis indicates as desir able, but according to what the speculators consider correct for their own best interests. Legislation offers one means of reducing stock market specu lation. At present a bill to tax stock transactions is under con sideration by a senate sub-committee. Introduced by Senator Carter Glass of t Virginia, the bill would provide a J:ax which ; would make it unprofitable for small traders to invest in stocks for quick turn-overs. Gambling will continue so long as human nature remains as it is. Always the lure of Did You Know That To those students of history . . . did you know that 281 years ago this very day the Peace of Westphalia was signed? 5 F. J .M. Di Senate Admits Ten New Members easy money casts its spell upon otherwise perfectly sane and claims it no longer ! The Stagnant South . What is it in the south that frightens away genius, talent, brilliance, leadership ? Where is the old supremacy that char acterized the south? Southern ers were once prominent in scholarship, education, culture, in everything fine or outstand- mg; writers, teacners, states men, soldiers, all boasted of com ing from the south. To come from mellow Virginia, from semi-tropical Alabama, from hot-blooded, drawling Georgia, furnished cause for pride. But those days have passed with the old plantations, with the courtly silver-haired planters and the faithful negro slaves, with the indolent but beautifully color ful existence that made the south the most picturesque re gion. In the last half century the north and the west have forged ahead. Materialistic, commer cial, powerful, those sections have taken giant strides, steps with which the slower south could not keep up. But besides this materialistic inferiority there has arisen a cultural' and educational mediocrity which is truly deplorable, especially in the light of the past. Our rec ord of illiteracy is tragic; our standards of education painfully low. Our universities cannot compare with the larger and more affluent institutions of the other sections. Aside from this, however, is the lamentable lack of appre ciation of artistic effort, of lit erary excellence, of talent and brilliance, which characterizes the south. A prominent actor once made the statement that that the theatrical route from Asheville to Raleigh was known to the stage as the "starvation route." This same dramatic star added that the accusation could be applied to the entire south. . . . It is futile for opera to attempt to establish itself in this region; it is rare for a musical genius to receive sin cere, applause from an audience of southerners. If we are steep ed in the abysmal stupidity and lack of appreciation of the ignor ant why not attempt to learn something about the arts so they can be accorded a good re ception? Are the many charges of ignorance and the stubborn rejection of knowledge made against the region true after all? What can one answer in the face of our barren artistry, our shallow learning? Ellen Glasgow, Paul Green, James Branch Cabell ; two dec ades ago, O. Henry. How many more writers of this rank from the south? Let talent grow in the south, and if it manages to reach maturity the south Time and " More than 32,500 letters are mailed each week from the Chapel Hill postoffice and that most of them, of course, are from the University? . .. . The Dialectic Senate held its second regular initiation Tues day night at 7:15 in the Di hall, New West building. The follow ing men were granted member ship: B. J. Herkimer, New York; R. A. Van Cleave, Penn sylvania ; H. N. Parsley, Wil mington ; Alexander Webb, Ra leigh; G. S. Dickson, Helton; W. C. Medford, Rainbow Springs ; C. A. Shreve, Reidsville; and J. M. Little, Jr., Winston-Salem. Continued from page one) Hillsboro St.; McLawhorn, tl. A., 306 Graham; Marshall, R. D., 403 Mangum; Martin, I. L., MacRae Bldg., Mitcham, W. E., Jr., 201 Graham; Nelson, H. A., A. T. O. House ; Pittman, F. W., 314 Lewis; Noeburn, Miss Mar tha E., 512 E. Rosemary Lane; Ray, J. W., 9 Tankersley Bldg. ; Reeding, R. L., Carolina Inn; Roach, B. B., 5 Sutton Bldg. Sawyer, Abbott, 227 E. Rose mary Lane; Shevick, E. B., 203 Everett ; Shields, J. D., 227 Pittsboro mr Shulenberger, W. A., Jr., 4 Sutton Bldg.; Smith, O. M., Phi Kappa Delta House ; Stainback, R. L., 107 Berman Court ; Stalling, E. H., 307 (Grimes ; Stonestreet, C. B., Chi Tau House : Strawn, J. B., 208 Pritchard Ave. ; Stubbs, C. A. 314 Lewis: Turner. H. F.. Phi Kappa Delta House ; Umstead, O. L., Kappa Psi House ; Van hoy, G. M., 310 Ruff in; Ward, A. T., Delta Theta Phi House; Wells, T. L., Jr., Mrs. B. B. Lane's; West, G. E., 102 Carr Bldg. ; Whitley, J. L, 307 Grimes: Williams, J. H.. 125 Upon examining 53 visiting cards that were posted upon the various dormitories' doors, 38 Of them were found to be en graved, two to be embossed and the remainder merely printed? Which goes to show the some thing or other of students. The University of North Caro lina's radio station in Phillips hall, W4WE, has been in more or less regular communication with the Byrd expedition to the South Pole? President Williams appointed the committee on Jhe Mary D-Ufanett St.; Williams, S. W., 101 Approximately 12,000 words were dispatched from the local office of the Western Union on last Saturday? And this doesn't include the number of words transmitted over the private wires that the Associated Press and two Atlanta papers had. Twelve thousand words almost 30 or forty themes. The freshman who was heard to say, upon seeing W. B. Sor- rell's store for the first time, That's a sight for sore eyes," has declared that he has finally reasoned out why that food known as "Grits" is so-called he has to have plenty of it to eat it. Wright debate. The personnel of the committee includes Sena tors Kincaid and Simpson. The committee was instructed to confer with the Phi's committee and make a report at the next meeting of the Senate regard ing their plans for the debate, which is to be held in December. Senator Studdert urged the new members to take part in the discussion hereafter. He called attention to the fact that the life of the organization de pends largely upon the efforts of. new members. The senator said: "The Dialectic Senate is just what you make it." Three resolutions were placed on the calendar during the course of the meeting. A mo tion to discuss one of them failed, however, and the Senate adjourned. Long Distance Calls Flood Local Operators Continued from page one) supervision, aid, or adjustment of any person, ring the. number required. The human equation is entirely removed from the uncanny devices and hence the possibility of error is reduced to the minimum. "Of course," the operator hastens to explain, "there are Carr; Wilson, M. P., T. J. Wil son, Jr. Faculty S. A. Emory, subject : phil osophy, residence: Dr. J. M. Booker's; M. D. Taylor, office: 305 Bingham. Rev. Solomon Pool was select ed as president of the Univer sity after the Civil War. A letter in a paper of lgf-g calls. Chapel Hill "the Deserted Village of the South." Fresh Smyrna Figs Just Arrived Carolina Confectionery W TPWP J TQIn)lrS some people who claim that the An nvprno-A nf 700 hnnVs arp dial method isn't worth a " - "O - I taken daily from the circulation and reserve rooms of the libra ry? The state of North Carolina has "made" Webster's Collegiate dictionary, third edition of the Meriam series? We quote from Page 132 : "bun'combe, bun' kum (From Buncombe, a county of North Carolina) Speechifying to gratify constituents, or to gain public applause; anything said, written or done for mere show." The oldest car on the campus is a strearrwme moaei ora, built in the year 1914 and owned by Byron A. Sieder, a junior who hails from South Orange, N. J.? New York state sends more non-North Carolinians to the University than any other state in the Union? And that South Carolina follows, far behind, with New Jersey making a close third? Although February is the shortest, and of times most un pleasant month of the year, it invariably shows that more more books are borrowed from the University library during that month than in any other? It could be attributed to any thing but we'd say it's the schol astic urge that finally breaks out tinker's damn but you may rest .ssured the fault lies with them." . And with a "voice with the smile wins" kind of tone, she promises some happy youth that she'll get that number for him in Greensboro just as soon as she is able to break in on the conversation that the dean of women at the college is having, she'll get that certain party. University Band Begins Program Continued from page one) Four years ago the organiza 1- 1 - 1 J non maae its nrst trm awav from the campus in concer 1 1 . ii worx, piaying tnree programs Last year almost a dozen out side appearances were made The number, will perhaps ho increase greatly this year, since more time cannot be taken. But the territory to be visited will be largely a new one, with a few return dates where the invita tions have been very cordial. The members of the band are reminded of a very important meeting at the band hall Thurs day evening at seven o'clock. Black Cat Dance The Black Cat club, composed of former Carolina, Duke and State students, will stage a dance tomorrow night at the Carolina hotel in Raleigh. Certain skin affections such as ring worm, foot itch, eczema and irritation or itch caused by wearing athletic supporters are quickly relieved and healed by two or three applications of GONICH. GONICH has been widely prescribed by doctors for such skin affections. If you are bothered, get a package today. On sale at: Patterson's Drug Store Eubanks' Drug Store Andrews-Henninger Tin !ir1 rir-v -wr-i r-irv in idton. U i IS? X J -". Hi D) Mats and Caps 7 Clothiers Furnishers Stretch th Check from home. Spend less for food ... have more for fun. Shredded Wheat for breakfast and for midnight supper. Delicious and economical. E-Jclps you work and 'lets you sleep. loops you active arse? alert
Daily Tar Heel (Chapel Hill, N.C.)
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Oct. 24, 1929, edition 1
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