FRIDAY. FEBRUAKY 26. 1937.
, "i
THE DAILY NEBRASKAN
THIKTY-SIXTII YEAK
LIHTORl.U. STAFF
Editor George Plpal
Managlnq Editor Don Wagner. Ed Murray
New Editors WHIarci Bu'nty, Helen Paseoe. Jane
W.ilcott. How.Kd Kaplan. Morns Lipp.
Baibara Rosewater.
Sports Editor " Sleeves
Society Ed.tor Virginia Anderson
ON THIS ISSUE
Desk Editor
Nidht Editor
Under direction o' tne Student Publication Board.
Editorial Office University Hail 4.
Butines Office University Hall A.
Telephone Day! B6891S Night: B6S82. B3333 (Journal).
ULSl.NK&S STAFF
Business Manager Bob Shellenberg
Assistant Managers Boh Wadhami. Web Mills,
Fran'c Johnson.
Circulation Manager Stanley Michael
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CHICAOO - BOSTON - SAN FNANCI1CO
bOS ANOIUS . PORTLAND SlATTLI
The University Faces
A Financial Crisis
The university is facing its most important
erisia in recent years.
This week, the appropriations committee of the
unicameral legislature is conducting first hearings
on what might well be termed the future of this
university as tin effective institution of higher
learning.
The appropriation for which the board of re
gents is fighting is not intended to enable us to
keep up with the Joneses" the neighboring state
colleges: instructors who left Nebraska long before
its leanest years can testify to that fact They are
fighting for our existence for the minimum with
which the state can offer a university education to
its youth.
Nothing can offer more convincing proof of
this fact than a glance at the comparative average
of student enrollment and legislative appropriations
during the past eight years. These figures were
computed by the Nebraskan from the annual finan
cial reports of the university:
Biennium Appropriation per student per yr.
1929-31 $21
1931-33 204
1933-35 153
1935-37 149
1937-39 (estimated) 117
These averages do not represent the actual
amount of money spent by the state on each stu
dent. They indicate the sum of money appropri
ated, divided by the number of students in attend
ance. Such expenditures as for research, buildings
and repairs, wnich are included in the appropria
tion, represent a type of permanent Investment
which cannot be levied entirely against those indi
vidual students.
The estimated number of students for the 1937
biennium was computed according to the percent
age of enrollment increase during the last six
years. The estimated appropriation is that recom
mended by the governor that which the univer
sity will receive if the legislature does not grant
the minimum asked by the board of regents.
Nor do these figures tell the whole story. They
do not disclose the fact that 34 extra instructors
were hired last year to take care of a 17 percent
enrollment increase, the salaries being paid from
n reserve fund kept for cash accounts, which has
dropped from 200 thousand dollars in 1931 to 50
thousand dollars at the present time. They can
not indicate the overcrowded classrooms, the un
safe buildings, an underpaid faculty, or the rising
cost of materials with which the regents have had
to contend.
The university recognized the adverse condi
tions of drouth and depression that hit agriculture,
the state's major industry. They pared salaries as
well as standards to meet the emergency. But the
minimum limit of operating expenditures has been
reached, and enrollment is constantly increasing.
Only a legislature aware of the needs of the uni
versity, and appreciative of the benefits of educa
tion in a democracy can save our school from slow
death thru poverty.
don't have, but which they create
with a bookkeeping entry. If con
gress would exercise us constitu
tional prerogative to originate all
our money, we would have a sound
money system without the colossal
debt.
At the present time we have
an accordlon-IIke collapsible
money system. By rediscount
tng and other methods, a bank
can create money by lending un
til It has created ten to fifty
times the actual amount of the
money it possesses. In their de
sire to profit, the banks lend
pnd lend until the bank reserves
are at the breaking point; then
comes the crash; the banks call
in their loans and cancel money
out ef existence thereby; the
people, making runs on the
banks, find that the created
money doesn't exist and they are
turned away; thus another de
pression is visited upon an un-
I suspecting peopie.
We want the government to con
I trol the greatest public utility and
i sovereign power a people can pos
sess: the issuance of monev and
the regulation of its value. We
don't want banks to lend some
thing they don't have. That's why
we have such violent fluctuations
rvf economic conditions. because
the volume of money expands and !
contracts as bankers create and
cancel money. i
Incidentally, If the govern
ment should desire to follow Mr. I
Flynn's advice and recover some I
of the earnings of our plutocrats,
which would otherwise be sav- j
Ings, the government might be
gin to tax the billions of tax
exempt government bonds which
were inlquitously acquired with
money created by a flourish of
the fountain pen.
Paul Bstandig.
STUDENT BOARD
STAMPS FAVOR
ON CONSTITUTION
(Continued from Page 1.1
vin, president of the student coun
cil, are the authors of the docu
ment, altho they give much credit,
to Dean H. H. Foster of the law
college for the legal advice and
aid he gave them in compiling it.
According to its drafters, the con
stitution represents the "best pro
visions gleaned from similar rul
ing papers of various union build
ings thruout the country."
Dean Foster expressed the hope
that all the preliminary steps
might be taken in time to submit
the constitution in its final form
to the student council at its next
meeting, Wednesday, March 3, al
tho he admitted that such quick
action is unlikely.
LIHJIMCCH.
A picture of all departmental
and committee chairmen in chai'R
- . .... ...in Vvrt n lf-n
of Engineers ween wu.
at the campus studio Friday. Feb. i mlttecmen
n, ... K-lil '.li.t.lr slinvn Vt,...
one must bt present at the picture
in order to make arrangement,
(or a meeting of all the com-
ft SALE
TO:.;.! :A
YIiv jot Give
Students a Chance?
The hundreds of students who were either
turned away or forced to stand in the aisles to hear
Economist John T. Flynn at the convocation yes
terday saw little humor in the administration's tra
ditional attitude toward convocations. Because
there is no auditorium large enough to accommo
date crowds, we have been told, the university has
refrained from getting such outstanding speakers
as those appearing on the lecture platforms of
neighboring schools.
In spite of its small working capital, the con
vocations committee has been able to get some in
teresting, thought provoking lecturers this year,
and the interest displayed by students has been
exceptional. No wondtT the students who were
turned away from their own convocation questioned
the advisability of the administration's press re
least downtown papers, which read: "Due to the
limited seating capacity of the Temple, towns
people are urged to come early if they desire to
hear Flynn's lecture. ':
il - SsuwdoJL ,
Hi. v 4 i
Trim
Age is r.ot the whole story wnn
It comes to a legislator's ability.
At least in the case of Senator W.
E. Worthing, youngest member of
the unicameral assembly, his age
haJ been no
1 n d i cator of
his effective
ness as a legis
lator Senator
Worthing will
no doubt play
one of the lead
ing roles in vot
ing this morn
ing if the gov
ernor's gas tax
proposal comes
before the ses
sion for third
reading. Lat
Wednesday one
vote was
lacking to pass
the disputed divi.-ior. of or.e-cert of
the state gasoline tx as fen emer
gency measure. With 2'. votes re
quired to class the full as an emer
gency meajsure. ari the proposal
having again been reported rvjt of
committee Vinfttay r.oon. Sena
tor Worthing remains with twelve
other senators who are not in
favor of the measure as it is pro
posed. "All the one cent should go
for social security." the Douglas
county representative believes.
"The state must during these
times provide for the relief
which the individual coJnties
are unable to provide."
The governor's proposal cai'!.
for the one cert to be divided 40
per cent for social fecur.ty and 60
per cent for road maintenance
Should Senator Worthing and
twelve cf his colleagues &:i ;etair.
their stand on the bill, it possibly
will net pass the emergency
barrier.
Possessing sharp and chifeiei
features, the enator's black eyes
literally pierced the interviewer..
Hu quickr.es aad athletic ability
won him the narae of "Wee Willie
Worthing" when he pHyed bas
ketball and football for Creighton ;
university. From newspaper re-
ports of several years ago comes t
this story:
"The Creighton and (Jniver- i
sity of Kentucky squads were j
battling valiantly for the lead a
few seconds before the final bell.
The center tipped the ball to
"Wee Willie." he shot from at- '
most the center of the floor
and the ball swished thru the i
net. A victory for Creighton." j
So discouraged and puzzled
were the Kentuckians that they
marked a small cross on the i
floor where "Wee Willie" had
let go with the fatal toss. Tho I
year have passed, the cross ,
still remains on the Kentucky j
court. !
F.epresFntine portions of Do'jg- .
las county which are included in t
the sixth district. Senator
Worthing is a democrat. He was ,
a member of the legislature of ;
195. is a lawyer in Omaha, and j
graduated from Creighton with '
Ph E and LL.B degrees
SiudsmL
(pJUl&SL
For Go eminent
Control of Banking
To the Editor;
Dulcet to me were the tones
of Mr. Flynn when he exposed
the hypocrisy ef the economic
machine gunners, who. crusad
ing to defeat the constitution,
supreme court, and states' rights
under the guise of Americanism,
are merely trying to deceive a
credulous people and continue
their ruthless racketeering for
ill-gotten gams, and when he
intimated the apostacy of fifty
grand a yea' Llppman. Never
theless, to those who can read
between the lines. Mr. Flynn
struck a note which should ring
like a church bell in the ears of
all thinking patriots: namely the
creation of money by privately
owned banks.
Mr Flynn was quite lucid in ex
plaining how c bank creates it3
monev The binks. to make pos
sible their little confidence game.
keer a certain amourt of reserves
back of their loans, but in making
loans they merely "create" a de
posit with a fountain pen and take
the borrower's note which gives
the bark a mortgage, perhaps on
his home or farm. The point is
that our government debt of 35
billion under F.oosevelt was "crea
ted'" m the same fashion. The gov
ernment 2ave honds. backed by all
the taxable wealth in our nation,
to the federal reserve bankers in
exchange for "created'' credit
money; monev which the bankers
never had. Mr. Flynn went on to
depirt a ghastly, lurid picture of
our rtoht ri.-i.1en coveTTiment. Now
! here's what I wait you to see.' We
have a government floundering on
the rocks of financial destruction
merely because wc have permitted
'the banking economic machine
guns to usurp the power of con
i gress as provided for in the consti
tution: "to com money and regu
! late the value thereof; and of for
Jeign coin. The supreme court has
' interpreted this to mean all forms
: of money, coin, currency and
credit. No wonder our government
: is debt ri-iden when we give the
tax exempt bonds, backed by all
' the wealth of our ration, to the
1 private banker for money they
Your Drug Store
When you need music for your
parties see us about an Auto i
matic Phonograph. P.ent very j
reasonable.
The Owl Pharmacy j
P St. at 14th B-1068
Student Attention
Let eur new and modern 6hes
Rebuilding 6hoo b ycur head
quarters Fipt Your Font Cnmfort
A & C SHOE CHATEAU
211 South 11 St.
Wcodmen Accident B'd0.
Here's Why I Like
ft
CLEANING!
PERFECT
PRESSING!
That's What The Evans Well
Dressed Customers Sayl
lien naturally turn to The Evans
for the clearing sen-ice they like
best for Lincoln men ere familiar
Tvith the superior pressing" service
offered by us. You'll like it too; it
enhances the smart cut of your
clothes . . . and The Evans pressing
is always correct! Call H69il.
TYPEWRITERS
For Sale or Rental
Used machines on easy payments.
The Royal portable typewriter. Ideal
machine for students.
Nebraska Typewriter Co.
130 No. 12th St.
B2157
I
SALE!
105 Winter Dresses
.Worth $15 to $29.50
ONE PRICE
SiZ3S
11 to 4S
2 for
$10
37 Winter Coats
$
10
For Coats Sold
to $49.50
For Coats Sold
to $79.50
Fu: tr;n:e-d and ur.ir:r.nr.s:i Sires 12 to 13
crJy. A rcrr-3 buy icr the small vc-an.
14 FUR COATS
Values to $239.50
s57 $87 s127
Brown Ponv, Black Caracul. Silvertone Muskrat,
Leopard, Gray Lapin. Brown L-pi.n, Northern Seal,
Cray Mole, Ombre Gray Caracul and Eel Gray
CaracuL
l " r ''n'tt (
I tffff 'v '
111
s2&$250
Night'n
Day
(
si
PAJAMAS
AT
39
3 Suits for $4
O tcatured in fsnt broun, J V5t
Maimi Blue, Bcig
and Maroon
The tops arc lisle knit
in crew neck nnd ?.iu
cho collar style. The
pants are fine woven
broadcloth in plain col
ors and checks, pleated
front and cuffs. The
belts, cuffs on sk-ee
and trousers are piped
in n contrasting color.
Covered elastic in tho
back of waist band.
Your Charge Purchases
n ill hp Killed on
Your April 1st Statement
iSL ; , J
If -i-j 'f
f'.l .
ILL
ON PARADE
On University Co-Ed Manikins
In an Informal Open House
2 to 4 P. M. THIRD FLOOR.
You Are Invited to View This Parade
..I.J.IIhJPJI ' "-,.- ' " r.., -
A l
