Newspapers / Daily Tar Heel (Chapel … / May 17, 1934, edition 1 / Page 2
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THE 2!vLr TAB HEEL MAT IT, 1934 T6e cScial newspaper of the Publications Union Beard of the University of North Carolina at Chapel Hill where it 13 printed daily except Mondays, and the Thanksgiving, Christmas, and Spring Holidays. Entered as second class F?tPf at tV,o twist nfficp. of Chatel HilL N. C. under act of March 3, 1870. Subscription price, $3.00 jollege year. for the A. T. Dill- Robert C. Page, Jr Joe Webb...;. . - Editor -....Managing Editor ...Businiss Manager Editorial Staff EDITORIAL BOARD Philip Hammer, chairman, Don Becker, Nelson Lansdale, E. R. Oettinger, Jeanne Holt, is. sj. froctor, xom waucer, vv imam suig. FEATURE BOARD Vermont Royster, chairman, Wal ter Terry, Ed Goldenthal, John Wiggins, W. W. Boddie Cantrell, W. W. Boddie. CITY EDITORS Irvinsr Suss. Jack Lowe, Walter Har- erett. DESK: MEN Nick Powell. Don McKee, Jim Daniels, Reed Sarratt, Ralph Burgin. - ; ' sports DEPARTMENT Jimmv Morris and Bill Anderson, co-editors. C. P. Nicholson, Ralph Gialanel- la. Smith Barrier, Tom Bost, Lester Ostrow, Stuart Sechriest. EXCHANGES -Jimmy Craighill, Margaret Gaines. REPORTERS E. L. Kahn, Emery Raper, Sam Willard, Francis Clinernan. Don Wetherbee. Marearet Mc- Cauley, Bill Lanier. Business Staff. ASST. BUSINESS MGR. (Sales) Agnew Bahnson, Jr. COLLECTION MANAGER James Barnard. OFFICE MANAGER L. E. Brooks. DURHAM REPRESENTATIVE Henry B. Darling. LOCAL ADVERTISING STAFF Butler French (man ager), Hugh Primrose, Phil Singer, Robert Sosriick, Herbert Osterheld. Niles Bond. Eli Joyner, Oscar Tyree, Boylan Carr. CIRCULATION MANAGER Ralto Farlow. CITY EDITOR FOR THIS ISSUE: WALTER HARGETT Thursday, May 17, 1934 crush the German Empire. If, we were ma King financial relations is a death the world safe for democracy, we were at the grip, which-can be relaxed only same time maiung ineworia-.saie ioyiuutiaiineii xne-orner oi-tningsas iney industrial expansion. And so .perhaps .it. is. .not Ure is-changedNoieff ort, how- altogether unreasonable-that - our-allies -of- the ever-well-backed or plannedan war years should expect us to) beana-large poiyj alter i the; present situation since tion of the financial burden. Distasteful it is: disarmament is fundamentally but it is the price of a straddling foreign policy an industrial problem in an in- which is isolationist as regards world peace pre-dustrial world serving instruments and non-isolationist in im perialistic trade relationships which create prob- Chapel Hill Residents lems. And these problems cannot be solved Recall Visit of President peacefully because we insist on a false political isolation. D.B. Before Bank Failures The Tax And Publicity 1JRIENDS of the sales tax, opening their cam- 1 paign to have the measure retained by the next general assembly, have circulated literature and tags with the slogan, "support the sales tax to help the state and to help the schools." Pam phlets showing how the tax has saved the public (Continued from page one) tinued their fine play they would have little difficulty in handling the team from the "state of lus cious peaches and big cigars." Roosevelt showed much interest in Carolina sports and encour aged both students and athletes present. s From the stadium Roosevelt was about a certain Yale-Harvard football game..- It had Ben the custom between the rival newspapers of the two schools to stage - a race to see which school could put out the first e:p tra after every" important ath letic event. In the year 1904, while Roosevelt was editor, his staff rented a small stationery store near the stadium just be fore the game and had a play-by-play description of the classic football game telephoned j to them. As a result of their clev er efforts in thus obtaining news , ,. , , , , ... . . land his accompanying party , . , 6 . . , J . 6 journeyed to South building pastea on cars, snuw-wmuuws, ana omer piaces of prominence. where, after a short visit to President Chase he stood on the allotted it, the group was able to have only, a few buildings pointed out to it, among which were Old East , and Old West, New East and New West. One of Athletics ' For Everybody ALTHOUGH we are inclined to be pessimistic about their completion in view of the fact that the CWA has left" .that apparently up to the Athletic association, : it -will be gratifying when the new intramural fields are eventually finished. The fact that they are dedicated to providing a place where every student may take part in ath letics, whether or not he is "varsity" timber, is a wholesome sign. Already we note the shift of emphasis in several schools that are bent on edu cating students from intercollegiate athletics to intramural athletics. With the exception perhaps of baseball, inter collegiate athletics have crown to such a state of severe . competition that they border on pro f essionalism in any institution that hopes to have a successful athletic program. The spirit that first instigated these competitions has been out grown. The spirit was one of friendly competi tion, though iione the less keen, but the emphasis has so shifted that anyone who dares to promul gate the idea that athletics should be for every one and that intercollegiate competition should be of secondary importance, is' looked upon as a "boy scout educator." We need not go into the evils of exclusively fostering only intercollegiate athletics, for they should be obvious. We are glad to see something besides the gym dedicated to the average student whose most strenuous exercise is too often cheer ing and ping-pong. B;C.P. We are pleased to see such a display of back- . , . f , , , ' J? -LT X 1 X X .c I 1 i " ing ior uie Lax, out in our upixuuu, supporters oij; i i . .... , . png ric ,c y a uuo iu.wmg up dentg Jn the shortness of time retention ot tne tax with tne tuture existence of our school system. It is true that the sales tax has saved the schools of the state, but they should not have to depend on one source of rev enue. Perhaps in the next few years, money uuumeu xium tuc .aoics ix tne mcaouic io the - deepest impressions the retained, will not be used for educational pur- guegt 6f honor received was of the beautv of the canrous. Ac- Besides, it leaves the proponents of the sales coi.ding to his own words, he had a tu viicixs u.c xx vx -" been looking forward to seeing ic Pulse" letter made in regard to the stickers th- b utif l ffround , Hetold sent out by the real estate board. "The real es- rep0rters that ever since he had 4-r4r Vkrf-vo k1 Vino -i ATi-rvit-kTr " -Vr rlfllnTn1 Vi Qtr I r a x xiao gunc. xAnp j , xi uuaicu , known j0Sephus Daniels from say, "nave good scnoois out you pay tne Dins, the Navv denartment he had The fallacy of such an argument seems to be geen hearing about the Carolina 4-In o 4- a?aa1 oVi ei 1 WT Z YVt itit a rln rr linn or I - . . wicvu guuu oono, xic rxxx1Fjr o uv.iv vix , campUS) and he seemed happy must be paid.for by somebody, but the school that at last the opportunity had issue can oe Kept out oi saies tax propaganda been permitted him. without enieeonng tne arguments ior it. ine To the anxious newspapermen very fact that business volume, according to wh0 dogged his tracks he told figures -published some months ago, has increased several anecdotes concerning his rather than decreased under the sales tax mayleperiences as former editor of not be an argument for it, but it certainly does the Harvard Crimson. One that A Problem 1 ? And a Crisis FST less than a month the war debt problem will again reach a crisis, one more acute than any crisis the war debt problem has brought since the close of the war. Simply stated, the prob lem amounts to this: ... .- The debtor countries cannot or will not be able to pay the full installment due June 15. A recent ruling by the Attorney-General of the United States prevents further use of the face saving token payments. Congress, in passing the Johnson bill last win ter, makes illegal any financial relations between private corporations in this country and the gov ernments of defaulting nations. It would appear, then, that a stalmate will be reached within a month unless the hitherto un solved war debt problem can be liquidated to the satisfaction - of both a bankrupt world and an adamant Congress. There has been some talk of a compromise whereby America would waive all interest charges and collect only the prin cipal of the debt. But this principal alone reach es into the billions of dollars,and it is our opinion that sooner or later the American taxpayer wil have to pay the bill. It has been repeatedly pointed out that debtor countries simply do not have gold .enough in their vaults, even if they were to drain them dry and leave their currencies . unsupported, to pay the enormous debt they ran up in the despera tion of the war years. They can repay American loans only by maintaining a favorable balance of trade in their commerce with the United States But it is the policy and conviction of the United States that American prosperity depends upon having the balance of trade favorable to us. In one respect, our former Allies have a sound moral argument in refusing to pay the debt Although it seems stupid to us now, the fact re mains that in 1917 America was convinced tha it was to her social and economic advantage to mission of these :two latter groups to those required for the University's undergraduate de grees, that the new regulation has been promulgated," Van Eecke stated. The second ruling about parti cipation in extra-curricular ac tivities names positions as play er or manager in intercollegiate athletics, executive positions on either the Daily Tar Heel or Yackety Yack, the position as president of the student body, and others which the faculty may list as the extra-curricular they had their paper on the activities in which law students streets seven minutes before the who do not have an average of Yale News. It took ' real ' re- "B" will not be allowed to par sourcef illness for newspapermen ticipate. to "scoop" another newspaper,) Whether a first-year law stu especially when there was such dent will be allowed to partici- close rivalry as that which ex isted 'between the two schools. , After seeing the most promi- pate in the named activities will be determined by the record for his last undergraduate year and nent features that proud Caro-j. the- grades received on his lina had to offer her distin- November quiz in the law school. guished visitors, the party trav- -i The second ruling was drawn eled to pay Duke University a uP: to prevent a student from similar visit. President, F.ew, of failing to do justice to his pro that University led the proces- fessional work because of a divi sion to Durham. From there sin oi his attention between the Franklin Roosevelt returned to aw school and outside activities Raleigh where he later boarded , which have no bearing on his a train for Albany, New York, -regular work. The clause which states that a "B" average will permit a stu dent to go in for the major out side, activities was broueht in FACULTY OF LAW SCHOOL DEVISES NEW REGULATIONS ' because :the faculty realizes that Continued from page one) ; there ae occasionally men who University ruling to -have the are,?aPIe of a division between t mr . 'f X7T 1 Tl f OVOCjf a Mri-Hii-m-l- carmilQ kj average m ou per cent v , V' - "fuiuui' u'i'uu loss to either. , . The operation of both the reg ulations has been postponed a year in order to facilitate compliance. not support many of the charges against it. ' However, the sales tax should be judged on other tests: its fairness to the taxpayer, its ease of collection, and whether or -nbt' the revenue it brings in is great enough to justify its reten tion. And we believe that the sales tax, judged fairly on .these points, will successfully stand examination. T.H.W. n he related to the eager audience in 50 their courses; but the last two, namely, those who have . three years of work and are nqt. can didates for combined .degrees, and those who are eligible under the old two-year plan, have been able in the past to enter with, a straight "D" record. . ,;K-. To Raise Standards n o;; Chi Omega Initiation HI 'The Chi Omega sorority an nounces the initiation of Jane It is, therefore, with the ideajEoss and the pledging on Nan of raising the standards for ad-' Norman. ens v.; -'V W ith Contemporaries , ----.' A Paying Business (Edward E. Androyette in The Brown Daily Herald) DUMORS of war in any quarter of the world, I' however remote, are meat- and drink to the manufacturer of arms and munitions. This may be easily proved by the rise in steel stocks at tendant on international crises such as the re cent complications in the Far East and in South America. When one munitions works in Czechoslovakia, the Sellier-Bellot Company, announced a dividend of 20 per cent in this year of economic disaster, the handwriting on the wall is plain enough : there is a potential war in Europe, and the reader may be certain that the armament makers will do whatever they can to spur on the impending crisis. Often such manufacturers realize a profit of 200 to 300 per cent on arms sales to belligerent countries. In the three years immediately pre ceding the World War, the U. S. Steel Corpora tion netted $180,000,00; between 1916 and 1918, this firm earned $621,000,000, a jump of almost 350 per cent. It might be wise to add here that the output of U. S. Steel Corporation is not lim ited to steel rails and machinery. As a result of the investing of immense amounts of private capital in this business, and because the companies involved are so closely interlinked with governments and international banks, the problems of controlling sales of arms and munitions on a world-wide basis is almost insuperable, m aaaition to the above compii- xv cations there is the fact that many of the war- "NSg time products ot tnese manutacturers are invalu able as commodities in times of peace. Ammo nium nitrate is a fine fertilizer as well as an ex plosive; cotton, used for nitro-cellulose during a war, is vital to the world at other times. Our government has listed 3,876 peacetime - products which may find use as munitions during-the next conflict. Under our present econoniic" system "there "are over two hundred firms, scattered' throughout the civilized worldwhose business it is to make possisble the senseless slaughter of fellow hu mans. Their grip on international political and m w TF7T X-Xis-i iv-. vx 3 anv only $.00 Beginning' today you get an extra pair of pants for only $2.00 more than the price of a tailor-made suit. . Now SUIT AND EXTRA PANTS 26-50 - - Order Today? Nationally Known You make comparisons and we'll make your clothes Justly Famous
Daily Tar Heel (Chapel Hill, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 17, 1934, edition 1
2
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