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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (April 20, 1932)
AILY JM EBRA
Official Student Newspaper of the University of Nebraska
VOL. XXXI NO. 129.
LINCOLN, NEBRASKA, WEDNESDAY, APRIL 20. 1932.
PRICE FIVE CENTS
Delta Sigma Lambda Wins
From Kappa Sigma to
Enter First Round.
EIGHT MEETS THURSDAY
2 Man Teams Argue About
Delta Sigma Lambda won the
first intramural debate, in winning
from Kappa Sigma in the former's
house Tuesday evening. Rodney
Phillips and Morman Malcolm up
held the affirmative for the D. S
L.'s and Harry Letton and Robert
Yarbow spoke on the negative for
the losers. Earl Fishbaugh acted
as iudee. Eieht contests are
Bcheduled for Thursday night.
All of the seventeen teams that
signed up for the tournament are
planning on competing in the first
round according to Professor H.
A. White who has been instrumen
tal in establishing the project. The
survivors of the first round will
meet April 26 and the semifinals
will be held April 28. The winner
of the tournament will be deter
mined by a forensic combat on
All of the debates will be held in
the fraternity houses that are
competing in the contest. The af
firmative team will be the host.
One impartial judge that has had
previous debate experience will
name the winner.
The subject that- the teams will
debate is: Resolved that Compul
sory Military Training be Abol
ished at Nebraska. Each organiza
tion represented will alternate be
tween the negative and affirma
tive sides of the question.
Teams will be composed of two
men each. The time allotted for
the main speech is six minutes
with four minutes for rebuttal.
The debates are scheduled to start
at seven o'clock in tha evening.
The policy of staging the de
bates in the houses competing was
adopted in order to assure an au
dience for the teams in the con
tests. Although intramural debate
will not be included in the scoring
of the point system for the intra
mural athletic awards, officials
have considered presenting a tro
phy to the winner.
Delta Sigma Rho Active.
Delta Sigma Rho, national for
ensic fraternity, has been active in
the launching of the program. The
Daily Nebraskan cooperated wita
the debate honorary in sounding
out student sentiment in regards
Walter Hubcr, president of Del
ta Sigma Rho and Ivy Day orator,
was responsible for much of the
work in connection with intra
mural debate. Rudolf Vogelor, the
chairman of intramurals, cooper
ated with the debate society in
putting into effect the plans for
the installation of the new activ
ity. The pairing for the first round
is as follows: Phi Alpha Delta will
take the affirmative against the
winner of the Delta Sigma Lamb
da and Kappa Sigma contest; Phi
Sigma Kappa will take the af
firmative against Sigma Phi Epsi
lon: Zeta Beta Tau will take the
affirmative against Alpha Sigma
Phi; Phi Delta Theta will take the
affirmative against McLean Hall;
Alpha Tau Omega will take the
affirmative against Alpha Theta
Chi; Phi Kappa Psi will take the
affirmative against Delta Upsllon;
Tau Kappa Epsllon will take the
affirmative against Delta Theta
Phi; Beta Theta PI will take the
affirmative against Sigma Phi
Final Archery Tryouls
To Be Held Wednesday
Final tryouts for Archery club
will be held Wednesday afternoon
at 5 o'clock at Andrews hall. Any
one who is interested is urged to
Norman C. Meier, Iowa Psychologist,
Tells About Experiments Concerning
'Ascendant and 'Submissive9 People
An experiment concerning "ascendant" and "submissive"
types of people was described by Norman C. Meier, psycholo
gist at the University of Iowa in an interview yesterday.
The ascendant type of person is the one who asserts him
self, who is usually a leader, and who is always reciting in
class. His opposite, tho submissive type, is very quiet and
umiu ne mignt De cauea a -yesu
man." This person, Mr. Meier
said, Is always at a disadvantage
"Sister Mary Aqulnus of Brian
Cliff college at Sioux City, la.,
conducted the experiment to see
whether a' person of one type
could be re-educated to become
nearer the other type.
"The subjects were chosen from
400 students at the University of
Iowa, Tests were given both to
men and to women, Mr. Meier
Verge of Suicide.
Some of these students were def
initely reformed. One of the girls
was on the verge of suicide. She
was a quiet and reclusive person,
very attractive, but disappointed
in events and expecting impossib'e
things. She was rather left alone
by the girls in her sorority she
proved to be an extremely submis
sive person. Finally some one dis
covered that she was very good at
planning decorations, and she was
given complete charge of the dec
orations for a special dinner, in
Y CABINET JO BE FETED
Advisory Board Plans Dinner
On Wednesday at Home
Of Mrs. Williams.
The members of the Y. W. C. A
cabinet, who were installed last
month, will be entertained at a
dinner by the advisory board Wed
nesday at 6:15. Tho affair will be
given at the homo of Mrs. B. F,
Wiliams, who is a member of the
Three new members of the board
were selected at a joint meeting of
th old and new cabinets March 30.
They will also be guests at the
dinner. The new advisory members
are: Mrs. J. E. LeRossignol, Mrs,
A. F. Jenness and Mrs. Petrus
Cabinet members are asked to
meet at Ellen Smith hall at 5:45
and transportation will be furnish'
ed them to the home of Mrs. Wil
KDSMET KLUB PLAY
DRAWS FULL HOUSE
Second Night of Run Proves
Even More Hilarious
MEMBERS SELL TICKETS
'playing to a full house Tuesday
night performance of "Jingle
Belles" proved to be even more of
a success than the opening night
debut. Herbert Yenne in the lead
role of Mrs. Judith Barry con
tinued to hold charm behind the
foot lights. Wednesday night's per
formance will climax the 1932 mu
sical comedy presentation of the
Tickets for the closing perform
ance are being sold by members of
the Klub and ty those that are as
sociated with the production. Res
ervation of seats can be secured at
Long's College bookstore and at
Ben Simon's and Sons.
The summer home of Mrs. Barry
on tht; bank3 of the Missouri river
near Nebraska City is the locale
for this year's drama which is
woven around college life. All of
the characters are snowbound in
the summer home during the
Pat McDonald in the character
of Helen Barry, a University of
Nebraska senior who is the guar
dian of the fraternity pin of Tom
my Randall, the demure hero, con
tinued to make a realistic presen
tation of his part. Carl Humphrey,
as David Barry,- the savage lover,
Byron Bailey as Mary Lou, the
worldly wise college girl, and Neil
McFarland as talkitive Jane, con
(Continued on Page 3.)
AT VESPERS MEET
Y. W. Secretary Says She
Received Thrill in Coming
Mtes Celestine Smith, national
student Y. W. C. A. secretary
opened her speech at Vespers by
saying she had received a real
thrill coming to the University of
Nebraska campus as she had never
been so heralded and her speeches
had never been announced so far
ahead of time.
"The main purpose of the Y. W.
C. A.," Miss Smith stated, "is that
we unite in a desire for full and
cren'lve life, and through our
growing knowledge of God we de
termine to have a part in making
this life possible for all people. Of
course, everyone doesn t believe in
uniting full and creative life in the
same way. Some feel that clothes
help them, perhaps they do, but I
would be afraid to start out for
eternal life with just a new dress
to inspire me. Some people like
parties, most everyone does, bur I
couldn't start out eternal life on a
According to Miss Smith, to at
tain maturity in the conduct of
life means, first, to pass from the
(Continued on Page 3.)
which she became very much in
terested. Thia was only the be
ginning she became interested in
other activities and finally took on
some of the characteristics of the
"However," Br. Meier said, "If
one Is an ascendant type, there is
not so much chance that one will
change. These characteristics are
formed in grade school when, for
Instance, the child is elected to the
presidency of some group or or
ganization. The child continues
bis activities in the following years
and is usually the president of a
sorority or fraternity."
"Fraternities can be a tremend
ous help to their members," Mr.
Meier continued. "By Interesting
them In other students and In ac
tivities, they may be changed from
extreme mold to a more moderate
These characteristics making up
the types are not fixed by birth
or inheritance. Environment plays
(CoLtlnued on Pare X.)
AG COLLEGE WILL
Expect to Honor Over Fifty
Students, at Thursday
HONORARIES TO SELECT
Campus Organizations Will
Men and Women.
All 11 o'clock classes on the col
lege of agriculture campus will be
excused Thursday morning for the
annual honors convocation, ac
cording: to an announcement made
this morning by Dean Burr. Over
fifty students are expected to be
honored by elections to various
honorary fraternities and sorori
ties on the campus.
The University of Nebraska 4-H
club is to award four medals to
the highest scholastic standing
former club members in each of
the four classes. Elmer Young of
Havelock, president of the organ
ization, is expected to p: resent the
medals during the convocation.
Alpha Zeta, honorary men's fra
ternity on the Ag campus, will an
nounce elections to its membership
at the convocation. It is expected
that several junior men and a few
seniors will be named. In addition
Phi Upsilon Omicron, Omicron Nu
and Gamma Sigma Delta are an
nouncing their new members.
Members cf the various judging
teams at the college for the pres
ent year will also be honored at the
convocation. Professors from the
respective departments will prob
ably present the team members.
Invitations to Alumni Will
Be Distributed; Eddie
Approximately 250 bids will be
issued for the annual spring party
to be given by Pershing Rifles,
honorary basic military fraternity,
at the Cornhusker hotel on April
29, it was announced yesterday by
J. K. McGeachin, captain of the
. Arrangements for the party are
being taken care of by a commit
tee composed of members and of
ficers of the company, with Arthur
Pinkerton, second lieutenant of the
company, acting as chairman.
Chaperones and guests for the
party will be: Mr. and Mrs.
Charles Schwartz, Col. and Mrs.
W. H. Oury, Captain and Mrs.
Walter T. Scott, Captain and Mrs.
E. C. Flegel, Captain and Mrs. T.
A. Baumeister, Captain and Mrs.
G. W. Spoerry, Captain and Mrs.
R. G. Lehman, Captain and Mrs.
H. Y. Lyon, Col. and Mrs. C. J.
Frankforter, Maj. and Mrs. L. S.
Yoong, Col. T. S. Morman, Dean
and Mrs. T. J. Thompson, and
Dean and Mrs. W. C. Harper.
Bids will be distributed to the
alumni of the company who are
still in school, Captain McGeachin
announced. Those alumni who
want bids should call for them in
person at the office of the organ
ization In Nebraska ball, he stated.
Edie Jungbluth and his orches
tra will furnish the music for the
dancing at the party. Details of
plans for the party will be an
nounced later, the captain stated.
OFFER PROFICIENCY PRIZES
Pi Mu Epsilon Will Sponsor
Analytics, Calculus Tests
The annual prize for proficiency
in analytics and calculus is again
being offered by Pi Mu Epsilon.
honorary mathematics fraternity.
according to the announcement of
Hubert Arnold, president of the
A prize for $10 is awarded to
the winner of each test. Awards
are based on an examination that
will be given Friday, April 22, at
3 o'clock in M. A. 308. Anyone
who has taken either integral cal
culus or analytical geometry Is
equipped to compete. The tests are
open to those who are taking
those courses at the present time
or who finished them the first se
mester of this year.
Make Change in Coeds
Free Swimming Hours
A change has been made in the
women's free swimming hours, ac
cording to Miss Helen Rice of the
physical education department On
Tuesday and Thursday there will
be free swimming from 4 to 6 p. m.
instead of from 4 to 4:45 p. m. The
same hours will be retained oa
Monday, Wednesday, and Satur
day, these being 6 to 8:30 p. m.,
4 to 4:45 and 6 to 7 p. m., and
12 to 3:30 p. m. respectively.
There will be no free hours on Fri
day. Seniors Apply for
Degrees This Week
Students expecting to obtain
degrees or certificates In either
June or August must spply In
Room 9 of the Administration
building before April 23.
BARB CLUBS WILL MEET
Organization of Unaffiliated
Students Under Way by
A second meeting of the repre
sentatives of the recently organ
ized barb clubs has been called for
Tuesday evening, April 26, in room
106 University hall by Edwin
Faulkner, president of the Stu
dent council. The representatives
will meet with the ten members of
the Student council political re
alignment committee, appointed
some time ago to undertake to re
balance the political situation on
The barb club representatives
will each bring to the meeting a
list of ten other unaffiliated stu
dents whom they have organized
Into the clubs. Further plans for
organization of the barb students
towards giving them a larger par.
ticipation in student aetivities will
be made at that time, according to
Letters will be sent out to the
dozen or more barb representa
five's previous to the meeting.
DRESSES PSI CHI
Aesthetic Intelligence of
Children Measured in
ENTERTAINED AT DINNER
Speaking before an open meet
Ing of Psl Chi, national profes
sional psychology organization, in
Social Sciences auditorium Tues
day night, Dr. Norman C. Meier of
the University of Iowa, discussed
his seven year research of child
development toward artistic talent
Dr. Meier was entertained at a
dinner of Psl Chi earlier in the
evening at the University club.
In beginning his work Dr.
Meier first investigated the na
ture of aesthetic intelligence in
children of the pre-school level.
Here he measured the extent to
which children from two to seven
years of age respond to aesthetic
principles and quality. -In this
study of conditions determining
emergence of aesthetic conscious'
ness. twenty eifted children of pre
school age and twenty who had
never shown any particular inter
est or proficiency in art pertorm
ance were selected from pre
school enrollment by competent
Another phase took up the study
of .the art work of gifted children.
The children were studied by an
Investigator while drawing or
painting, a stenographer being
present to take down every i-e-mark
or comment made by the
child while doing the work.
Dr. Meier's research which fur
nished material for the talk was
done in cooperation with the Iowa
child welfare research station and
its five pre-school groups. Three
research foundations, the Carnegie
corporation, the Spelman Fund,
and the Carnegie Foundation, sup
ported the work.
The address was illustrated by
slides, some colored and some
showing original material .of the
children's art work.
Dr. Meier, who is a graduate of
the University of Chicago, re
ceived his Ph. D. from the Uni
versity of Iowa where he has been
teaching since 1922.
'What Students Can Do On
Race Question' Topic of
Miss Celestine Smith, national
student Y. W. C. A. secretary who
is visiting on the campus, will ad
dress a meeting of World Forum
at the Grand Hotel Wednesday
noon. The subject of her talk will
be "What Students Can do About
the Race Question." Miss Smith is
a Negro and has spent most of
her time in the south and is con
sequently very much interested in
this question. Although she has
been on the campus since Sunday
and has given a number of talks
this will be her first talk concern
ing the race question.
Tickets for the luncheon will be
sold from 8 to 10 o'clock Wednes
day morning in Social Science for
25c. If purchased at the door a
fee of 35c will be charged.
Club, 7 o'clock,
Wesley dinner meeting; election
of officers; 1417 R street, Wednes
day, 6 o'clock.
World forum, luncheon, Grand
International interracial staff,
Ellen Smith ball, 5 o'clock.
Y. W. C. A. cabinet dinner, home
of Mrs. B. F. Williams, 6:15.
Joint meeting Men's and Wom
en's Commercial clubs, Llndell ho
Kosmet Klub show "Jfflgle
Belles" closes run, Temple thea
Pi Mu Epsilon, M. A,
Faculty men's dinner
O. D. Sweezer, University club, at
Social dancing class, 7:00 to 8:30
p. m. Armory.
Glee Club, 5 o'clock, Morrill
MAKE FLANS FOR
BANQUET MAY 5
Annual Dinner to Be Held
In Cornhusker Hotel;
Leo Beck Plays.
PLAN SPECIAL MEETING
May Ask Houses to Close
Tables; Will Award
Initial plans for the annual in
terfraternity banquet May 3, were
announced by Chalmers Graham,
chairman of the committee In
charge of the event, Tuesday. The
banquet will be held in the Corn
husker hotel and a special pro
gram of speaking and entertain
ment is being planned.
Leo Beck and his Antelope park
orchestra will play during the
banquet. The Kvam sisters, trio,
will sing. Tickets will probably
sell for a dollar, altho this has not
been definitely decided upon, Gra
The Interfraternity council at a
special meeting Thursday night
will be asked to vote to close all
fraternity house tables the night
of the banquet in order that all
fraternity students may attend.
Tickets will be distributed at the
Negotiations are now underway
for the main speaker of the eve
ning, whose name will be an
nounced soon. In addition, Chan
cellor Burnett and Dean T. J.
(Continued on Page 3.)
PLAN JOINT DINNER
Lindell Hotel to Be Scene
Of Banquet Wednesday,
Members of the Girls Commer
cial club and the Men's Commer
cial club will be present at a joint
dinner held In the president room
of the Llndell hotel at 6:30 p. m.
Wednesday, April 20.
Norman Prucka, Toastmaster
for the evening, will present the
folowing program: An Introduc
tion and Welcome by Dean J. E.
LeRossignol, of the college of bus
iness administration, who will in
troduce Stanley Maly, vice presi
dent of the Fi st National bank in
this city. Mr. Malv will give a talk
on the subject of "Reconstruction
and Reparations." The other hon
ored guest of the evening will be
Mr. Frank E. Henzlik, dean of
Miss Alfreda Rensch and Miss
Elsie Robinson will present a
sketch from the play "Happiness."
The joint meeting of the two or
ganizations is held in an effort to
establish an annual event in which
the members may meet in forum.
The aim of the affair is to promote
a firmer organization within the
The banquet committee is com
posed of Alfreda Johnson, presi
dent of the Girls' Commercial club
and Norman Prucka, president of
the Men's Commerical club.
SMITH FAVORS POSTERS
Y.W.O.A. Secretary Speaks
To Committee Tuesday
"Certain committees should
stand from year to year," said
Miss Celestinc Smith, national
student Y. W. C. A. secretary, in
speaking to the poster staff of the
Y. W. C. A. Tuesday afternoon.
"These are finance, social, mem
bership, worship and publicity."
Publicity and posters play and
Important part in the work of the
organization, the speaker said.
Posters do attract people. She
suggested that the staff make
posters about world problems such
am iinr and nnomnlnvmpnt
"Most nosters no not try to nor-'
tray the real meaning or me x. w.
C. A.," Miss Smith continued.
"Perhaps this could be done if the
group as a whole would worn on
STUDENTS DIRECT CHORUS
Aileen Neely, Valetta Hill.
Donald McGaffey Aid
Three university students, Miss
Aileen Neely, Miss Valetta Hill,
Donald McGaffey under the gen
eral supervision of Mrs. Harriet
Piatt have charge of the direction
of "The Governor's Daughter,"
which is the operetta to be given
April 9 by the mixed chorus of
Teachers college high school. Miss
Neely has charge of the chorus,
Miss Hill the orchestra, and Mr.
McGaffey will be accompanist.
PLAN TO INITIATE
Ten new members will be initi
ated into the Men's Commercial
club Wednesday, April 20, at 5:30.
The service will be held in the
Commercial Club rooms. Follow
ing the initiation the members will
attend the joint banquet with the
Girls' Commercial Club at the Lin
WRITERS PUN BANQUET
Theta Sigma Phi Will Honor
Seniors, New Initiates
A banquet honoring new initi
ates and graduating seniors was
planned by Theta Sigma Phi, Hon
orary journalistic sorority, at
their regular Monday meeting.
The banquet will be held imme
diately after the initiation of the
eight pledges of the organization
and will be held April 28. Dorothy
Ager was placed in charge of all
The members who will be initi
ated at that time are Carolyn Van
Anda, .Frances Morgan, Jean Spei
ser, Irma Randall, Mary Sutton,
Roberta Christenson, Hilda Hull
and Margaret Edgerton.
AWGWAN SALES BEGIN
Horse Race and Pin Market
Are Novel Features of
GORE SECTION APPEARS
Circulation of the April num
ber of the Awgwan will begin at
8 o'clock Wednesday morning at
stands located in Social Science,
Moon, Temple, Andrews hall and
various downtown newsstands.
Editor Marvin Robinson announced
Tuesday. The April issue, altho
having no definite theme, is pre
dicted to be one of the most out
standing numbers published this
' "The staff has succeeded in in
cluding in the April edition a
large amount of unusually clever
original material in addition to
the best of the exchange material
gleaned from the leading college
comic magazines thruout the coun
try," said Robinson, "and we hope
for another record sale this
The attractive cover for the
Awgwan this, month is the work
of Norman Hansen and is pub
lished in colors. It varies consider
ably from previous covers of the
comic and will add to the potency
of the magazine this month.
J. T. Coffee writes a story en
titled. "The Man With the Hoe,"
and this contribution along with
"Smear Case" written by Francis
Cunningham form the principal
features of the Awgwan. A novel
feature of the comic this month
is the horse race being run by the
magazine. A list of horses running
in the race is given in the maga
(Continued on Page 3.)
OF ENGINEERS' TRIP
Seventy Students Visit St.
Louis on Annual Tour;
Take Boat Ride.
Last week, during the week of
spring vacation, the engineering
students took their annual inspec
tion trip to the industrial sections
of Saint Louis. Following is the
story of the trip as told by Prof.
W. F. Weiland, of the Mechanical
Engineering department, chairman
of the faculty committee in charge
of the tr;p:
"A group of seventy engineering
students visited the industrial sec
tions of St. Louis on their annual
inspection trip during the week of
April 11. to 16. The party left Lin
coln Sunday, April i0, and traveled
in busses chartered for the trip.
"Ihe actual plant visitations be
gan Monday morning and con
tinued throughout the week. The
itinerary included many indus
tries and specialized manufactur
"The plant of Busch-Sulzer
Bros., Diesel Engine Co., was the
first visited. Here many novel en-
( continued on Page 3.)
Dr. Kirshman Advocates Abolition of
'Lambs' As a Cure for Stock Market
Crashes; Says Speculation Necessary
By PHIL BROWNELL.
Dr. John E. Kirshman, professor of finance, explained
briefly in an interview yesterday the cause of the furor over
short selling on the New York stock exchange which has
caused an investigation into the practice by a senate commit
tee which is at present quizzing Richard Whitney, president of
the stock exchange.
The short selling activities of theO
"bears ' in the market have caused
accusations that the short sellers
have overdone their activities and
have precipitated the extensive
liquidation thruout the country.
The defenders of the speculators,
on the other hand, declare that this
is a reversal of cause and effect,
and that in reality the liquidation
has caused the depression of prices.
Short selling, Dr. Kirshman
pointed out, is one form of specu
lation, just the oposite of buying
stock in the expectation of a rise
in prices. The typical short selling
speculator borrows stock from a
broker which he sells on the mr
ket in the expectation that the
price of the stock will go down. If
and when it does go down, the
short seller rebuys the stock and
gives it back to the broker, pocket
ing the dlfferece between the price
he sold the stock for and the price
at which he was able to rebuy It.
"Bears" Depress Prices.
Naturally it is to the Interest of
these "bears" to do everything in
their power to depress prices. This
is the reason for the suspicion
which their activities create.
big 6 delegates
Iowa State, Kansas State,
Missouri, Kansas to Be
SCHOOLS TO TAKE TOPICS
Brownell, Hedge and Dixon
On Committee to Make
Delegates from four other
schools in the Big Six conference
will convene in a gallery A of Mor
rill hall Saturday morning, April
30 for the first Big Six regional
discussion of student government
The complete schedule or topics
to be considered at the meeting
and the program for the day were
announced Tuesday by the Stu
dent council comittee which has
charge of arrangements. On the
committee are Phil Brownell,
chairman, Wilard Hedge, and Ele
The student governing bodies of
Iowa State college, the University
of Kansas, Kansas State Agricul
tural college and Missouri univer
sity have signifed their intentions
of sending delegates to the confer
ence. Topics the representatives
wil discuss are classified on the
program under four major head
ings. They are: Campus politics,
class organization and honorary
positions, the student activity tax
and the intervelation and control
of student activities.
Major topic discussions will each
be led by the school most inter
ested in that phase of student gov
ernment. Program Starts Saturday.
The complete program for the
day is scheduled to begin at 9
o'clock Saturday morning when
the conference meets for the first
time. At noon the group will ad
journ for lunch and delegates will
be entertained at the fraternity or
sorority houses where they are
staying. The afternoon session will
begin at 2 o clock and at 6 win ne
the conference banquet followed by
general discussion. Adjournment
wil be by 9 p. m. in order to leave
delegates free for social engage
ments Representatives of all campus
organizations are invited to the
evening banquet and discussion
where they will be given an op
portunity to quiz the visiting dele
Altho most or tne scnoois send
ing delegates are deferring selec
tion of representatives until after
general elections so that next
year's councils may be repre
sented, Iowa State nas aireaay
named Robert E. Cochran and
Porter Hedge, editor of the Iowa
State Student, as conference dele
gates. Explaining the reason lor organ
ization of the regional meeting,
Edwin Faulkner, Student council
president, declared that it was an
outgrowth of last fall's national
Student council convention at To
ledo. Too Large.
"The size of the national body
of delegates was too large to fa
cilitate tne consideration of local
problems," he declared. "Feeling
that neighboring schools were
doubtless meeting similar prob
lems in student government, we
have taken steps to enable student
government leaders in the Big Six
to meet for consideration of topics
of mutual interest."
During their stay in Lincoln vis
iting students will be entertained
and housed at various fraternity
and Borority houses on the camp
us. Willard Hedge is in charge of
housing the delegates.
Questions suggested for discus
sion, designed to stimulate consid
eration of specific problems, have
been prepared upon suggestion of
the student councils of the schools
(Continued on Page 3.)
"A well organized market."
said Dr. Kirshman," cannot exist
without speculation. It is the spec
ulators who make possible a ready
market for all stocks and a coo
tinuous price quotation. Appro;,
mately 75 percent of all the tr-v-actions
on the New York exchan-
are of a speculative nature. With
out them, the market could not bo
maintained in an efficient manner,
and investors who wanted to buy
or sell stock would have to hunt
around for other investors who
had what they wanted or would
take what they had to sell."
The defenders of the practice of
short selling also declare that the
net result of their activltiy is
nothing, since when they sell stock
they must rebuy it, said Dr. Kirsh
man. The fact remains, however,
that a concerted selling spree may
force prices down at the begin
ning of a downward trend, thereby
causing many holders of stock on
margin to sell out to prevent loss.
The fact that the short sellers re
buy the stock when it has been de
pressed In price does not erase the
(Continued on Page 3.)
CAMPUS APRIL 30
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