THB DAILY NEBRASKAN
-oADUATE INSTRUCTORS
C VISIT ZOOLOGISTS HERE
Mi8S Naomi B. Zimmerman, 10,
n0ff in.tructor in toology artd phys
TZJl at Kan8 State Agricultural
1 , and John M. Cameron, '26,
In t new junior college
U.stroctor in ted the
it Mccook -- fc
dopartmeni
ALL THIS WEEK
.. li.. Mnnry, Rlotou Fun,
A Shrieking n'?'i.nnI Plot
ChilHnf Drama B""n
bUR GANG"
, . Scream "Tallin Whopper.-
ORPHEUM
Mat. 3:00 p.m. Night 8:15
THURS. JAN. 20
100 People
JW J - is. 1 11
Xhe Wonderful Musical
Play of College Life
PRICES, TAX INCLUDED
Mat
n
D. W. GRIFFITH'S
"SORROWS
OF SATAN"
A Paramount Picture
From the Novel of Mario CarlH
with
ADOI.PHE MENJOU, A Satan,
Rlchardo Cortex, Lya Do Petti
Carol Dempster
Music Lover Night Thursday
Shows
1, S. 8, 7, 0
ii i i 'i V 1 1, 1, E
MON. TUES. WED.
A splendid bill of varied
Vaudeville Offering!
Frank Ford and
Dorothy Ricketts
IN
'THE WEDDING RING"
A Sur-Prire Fight In
Three Rounds by
AL BOASBERG
The Versatile Dancers
Baxter and Frank
With the Symphonic Molds
Lora Marie and Her Girl
McCarthy & Moore
The Well Known Funsters In
"ANYTHING AT ALL"
FRANK RAE
Warner and Cole
Presenting
"TWO SPORTS FROM KOKOMO"
Parker and Son
Extraordinary Entertainers
NEWS AND COMEDY PICTURES
BABICH AND THE ORCHESTRA
SHOWS AT 2:30, 7, .
Speculation Indispensable In
Business, E. H. . Simmono Says
, Speculation is an inseparable, in
tegral and indispensable feature of
all business and trade and to attempt
to abol!sh it would be "Utopian and
impossible," E. H. II. Simmons, pres
ident of the New York Stock Ex
change, declared in a speech last
night at the annual dinner of the
Detroit Stock Exchange held in that
city. Mr. Simmons spoke on the topic
"Speculation and the Stock Ex
changes," and outlined clearly and
emphaticall- the part which specula
tion plays in business and drew a
sharp distinction between speculation
and gambling.
"It is not," he asserted, "what a
man intends to do, but what he ac
tually does. Speculation consists in
buying and selling property with a
purpose of making a profit between
the purchase and selling price, and
meanwhile accepting the inevitable
risks which attend such an operation.
Gambling, on the other hand, con
sists in wagering sums of money on
some future fortuitous event, with
out any necessary relation to the ac
quisition or disposal of property.
This is the essential distinction be
tween speculation and gambling
which has in most cases been adhered
to in the law, and it is perfectly
sound from an economic standpoint.
"Superficially, of course, gambling
and speculation seem very much
alike. Both processes involve the as
sumption of risks in the hope of mak
ing profits. Bpt the risks assumed in
speculation are the inherent risks at
tending the ownership of property.
On the other hand, the risks of
gambling are unnecessary and artifi
cial risks, which are created simply
for the purposo of deciding wagers
of money."
Referring these risks of own
ership of property, Mr Simmons re
marked that it is peculiar that "al
though practically everyone realizes
the importance tf this element of
risk and uncertainty in the practical
conduct of business affairs, so few
people appreciate its necessary rela
tionship to the constantly changing
values of security prices on the stock
exchanges." The risks and uncertain
ties - in modern manufacture, he
added in this connection, must be
imparted to the securities of manu
facturing companies and securities
of modern business must fluctuate
in value so long as modern business
itself fluctuates. Speculation in se
curities, he declared with emphasis,
is "simply an effect, not a cause, of
the speculative tides which constant
ly sweep through our whole business
world."
Discussing speculation in its per
sonal and individual aspect, the
speaker asserted that all individuals
are not eouallv suited to engage in
speculative business and character
ized as "foolish" the man who en
gages in speculative operations,
either in securities or otherwise,
when he cannot afford the financial
losses which such transactions make
possible. A lack of balance and pro
per sense of proportion and respon
sibility sometimes brings into specu
lative transactions a recklessness
which takes the place of the steady
and constructive work the economic
order requires, he added. Security
markets, he went on, did not create
speculation. On the contrary, it was
speculation which was going on for
hundreds of years in all sorts of pro
perty which created the need of or
ganized markets to "handle the busi
ness in an orderly, equitable and sys
tematic manner." The stock ex
changes, Mr. Simmons continued,
neither approve nor disapprove of
speculation as such. They simply re
cognize that speculation is an "in
evitable and omni-present economic
force, that it performs an absolutely
vital economic function, and that
speculative transactions in the ex
changes must be handled, and hand
led in an adequate way, if the ex
changes are to serve a useful busi
ness purpose."
Mr. Simmons traced the growth of
the country and of business and the
strides of science and invention, all
of which, he declrred, owed a tre
mendous debt to speculation. The
great railroads, mining fields, manu
facturing industries, have all de
pended upon the process of security
speculation for the'r growth and de
velopment, he dec'ared concluding:
"If capital in adequate amounts
for these things is continually to be
found, speculation in securities is
not an accidental accompaniment,
but an indispensable causal factor of
the process. The stock exchanges of
the world, despite the age which
many of them have already attained,
have only begun to perform for the
public the economic services which
they are able to perform. Stimulated
by the driving force of scientific re
search, steady public education and
the time-tested regulations of the or
ganized security markets, specula
tion in securities will, in the future,
as in the past, prove a gigantic eco
nomic power in man's triumph over
the world of nature, and the estab
lishment of ever higher spiritual and
material standards in the daily lives
of everyone."
Thirty Alumni Attend
Smoker In New York
Thirty men attended the first an
nual mid-year smoker of the Nebras
ka alumni association in New York
City, Merrill V. Reed, 14, secretary
of the association, writes to Harold
F. Holtz, University alumni secre
tary. Dr. R. G. Clapp, professor of
physical education, E. E. Bearg, head
football coach, Henry F. Schulte,
track coach, and H. F. Gish, acting
director of athletics, all of whom
were attending the coaches' meetings
in New York at that time, were pre
sent at the smoker. It was said to be
the first time that any representa
tives of the University have attended
a meeting of New York alumni.
Coach Robinson of Boston Univer
sity, who coached football at Nebras
ka over twenty years ago, was also
a guest at the smoker.
L.iiilrnQ l,, inVifn, us1
ALL THIS WEEK
A Delightful Program "M Stag and
Screen Entertainment
ON THE SCREEN
Vera Reynolds
In a Charming Romance
Corporal Kate'
Also
"The Motor Boat
Demon"
A Rollicking Van Bibber Comedy
And World News Visualised
ON THE STAGE
Rosemary - Deering
and Noel
Creaaa of the Dancing World
Wilfc "Muslral Comedy Favorite
BUTTERrifcLD. OVitUA
AND RkNNOL
In a Gorjcoua Fantasy
"VISIONS OF ART"
Beaver and the Boya
SHOWS AT 2:30 7. 9.
M-T. ssc KITE SOc CHILD. 10c
LYRIC
Every night
except Sunday
Matinees Tu. Thurs. Sat.
The Pierre Watkin
Players
The Best People"
Th perfect comedy-drama
Phone B457S for reservations
Ev.. 75c and BOc Mats. BOc and 2Sc
NEXT WEEK "LAFF THAT OFF"
Week of Ian. 10
REGINALD DENNY
in
The Cheerful Fraud
NEWS REEL COMEDY
Ralph Scott at th Confol
RIALTO rjsss.
HOW TO WIN
THE GIRL
YOU LOVE
"THE EOY FRIEND"
A Metro Goldwya K.-rur
OPPORTUNITY MTE FRIDAY
Co-di Eat Ton of Candy a Week
It has been estimated that a ton
of candy is consumed each week by
the sweet-toothed women at the Uni
versity of Southern California.
Ames Home Ec Co-Eds
Practice Life Work
Ames, Iowa, Jan. 10 Special:
Twenty senior home economics stu
dents of Iowa State College last week
started on a six-weeks tryout of a
job they expect to take up some
time later in life.
For the next six weeks these stu
dents will live in the home manage
ment houses of the college. During
this period each girl will have a try
at all the practical phases of home
making, without which no home eco
nomics student graduates at Iowa
State.
The college has three of these
practice homes, the Isabel Bevier
house, the Ellen H. Richards house,
and the Mary B. Welch house.
1
When Beau
Brummel
left college
forsaking the severe quadrangles
of Oxford to bocome die personal
eidekick of the Prince of Wales
and to tell the entire English Court
what it should wear
he doubtless gained his first repu
- tation for correct attire by appear
ing in a smart suit of 18th Century
college clothes.
Not that we wouldn't be the first
to mob anyone who stepped out
in a similar costume today
we like today's college styles a lot
better; they eeenisimpler to move
around in but here's the point:
' When it comes to knowing styles,
college men are still as far ahead
of everyone else as they were in
Brummel's day. They know the
sort of thing they want to wear, and
nothing else will do! That's why wo
offer them Society Brand collega
clothes because these clothes
are made strictly according to col
lege men's ideas, carried out to
perfection to the last whisper.
Drop in and look 'em over,
Try Our Ten Pay Plan
L V sLC4
Bros.
yer
Eli Shire, Prcs
U. of N. Radio Program
0er KFAB (340.7)
TUESDAY, JANUARY II
t:!to.to t:tii a. m. Weather report
and
university news.
10:80 to 11:00
Course (no talk.)
1:16 to 1:SB p
Plerpont, pianist.
Rciences," by I'rof.
of the department
a. m. foultry Short
m. Music by Charles
"Th Oldest of the
Ci. D. Bweiey, chairman
of astronumy.
no to 8:0 r m. Miss Adeline Reynold-
son, of the department of history, will
give th first of a series of talks. Or.
Norman L. Hill of the department of politi
cal science, will talk on "Disarmament Prob
lems." :0S to 10:80 p. m. TTnlverslty Night.
Faculty Program. Prof. Maurice R. Wesern
of the eollcg of business administration,
will give the tenth lecture of his combined
radio-correspondence cnsirse In Business
Rnglish and Letter-writing, his topic, "Some
Pitfalls In Crammer." Prof. Paul H. (iru
mann, director of th school of fine arts,
will discuss "Mart" by Klotow, In his tenth
lectur on Grand Opera. Solo groups by
Parvin Witte, tenor: Mrs. It. O. Hummel,
contralto; Luther Andrews, french horn;
Vera Augusta Upton, soprano: C.enevieve
Wilson, pianist; and jean L. Bchaefer, vio
linist. Readings by Kuth Barton of the
department of dramatic art.
WEDNESDAY, JANUARY IS
9:0 to 9:6(5 a. m. Weather report and
university news.
10:110 to 11:00 a. m. "Courtesies Mothers
Are Teaching Their Children," by Mrs.
"Tru Homemaker."
m. Musle by Margaret
'"Interpretation of the
by Prof. H. A. White.
Nebraska High School
1:15 to l-.tt P
Colby, soprano.
Debate Question,"
President of th
Debating League.
8:00 to :0 p. m. "The Womsn Criminal
of Yesterday and Today," by Mi:s Veronica
Carter, senior student in sociology eours
in Criminology.
8:05 to :80 p. m. "Heifer Pride." Roy'
and Girls' Club Talk by O. O. Waggoner,
Assistant Stst Extcnslo 1 Agent in Ani
mal Husbandry. "Whims of th Beef
Consumer," by H. J. CrsmUch, Professor
of Animal Husbandry.
THURSDAY, JANUARY IS
0:80 to :!! a. m. Weather report and
university news. (Other period silent.)
FRIDAY, JANUARY 14
t:80 to t:t,t a. m. Wet.r report and
university news.
10:. to 11:00 a. m. "SHting th Tsble.
How and Why." by Mrs. "Tru Homemaker.
1:1 to !:S t. HI. Th ntir program
will be given by Mabel l.udlsm. violinist.
8:00 to B:0 p. m. '"1 h philosophy of a
Ranchman on the Plains of Dt-An Inter
pretation of th Book of Job." Th ninth
lectur in the radio-ewrrespondenc onr
by lr. Frederick A. Btuff, of the d-uartmnt
of fcne'hh.
a :0ft to . :'i0 . m. Public health program.
Department of dcniii-o-7 talk. "Some Ani
mal Parcsites tl at C is Human Disease,"
by Prof. It. W. Mauler, of th department
of toology.
SATURDAY, JANUARY IB
:80 to :55 . m. Wethr report and
"Old Hymns" program by Theodor O.
Diers, announcer. (Other periods silent.)
C Edison's Special
History Paper
55 Cents
Per Ream
Monroe
90 Cents
C. Edison Miller Co.
218 No. 12th
January Discount
SALE
Now going oh
10 to 50 Off
On all but contract
goods
HALLETT
University Jeweler
Estab. 1871 117-119 So. 12.
mm n h
TKt coca-coia eoHy. Atlanta. 6 a.
Me for You
and You for Me
Coca-Cola is the
shortest distance
between thirst
and refreshment
IT HAT) TO BE GOOD TO GET WHERE IT IS 7 MILLION A PAY
P
SEMI-ANNUAL SALE OF
Manhattan Colored Shirts
.n.i.i n " ii i
3
All
Sizes
:r;.T5
ALSO PAJAMAS
Tuesday Jan. 11 to
Saturday Jan. 15
INCLUSIVE
Just a little affair between the man who
wants quality Shirts at a value-giving
price and ourselves. Certainly an affair
in which we get together with patrons
old and new in a most pleasing fash
ion. The Shirts you want in the style
you desire are here, reduced to approxi
mately 25 Percent
2.50 Shirts and 185
Pajamas
2.85, 3.00, 3.15 Shirts 025
and Pajamas ... .: "
3.50 Shirts and 065
Pajamas
4.00 Shirts and OQ0
Pajamas
4.50, 5.00 Shirts and -65
Pajamas
6.00, 6.50 Shirts and 65
Pajamas "
7.00, 7.50 Shirts and C35
Pajamas
10.50, 12.50 Shirts CI35
and Pajamas
Broadcloth
Madras
French Cuffs
Stiff Cuffs
Silk Mixtures Tleated Bosoms
Neck Band
Collar Attached
Collar to Match
See the Windows
Stamps with every purchase
J V i V i I
jsj, daM
i 1 - i i ) i 1 i"i ( n
it wi'tS