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Vol. 49 No. 129 LINCOLN 8, NEBRASKA Thursday, April 14, 1949
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ENGINEER'S WEEK publicity men are at work. Fred Chael and
Dave Olive place posters in all the rooms to keep engineers
"posted". Engineer's Week is April 28-29, with open house be
ginning at 12:30 p. m. on the first day.
Economic Structure
Strong John Clark
Our economic structure today is exceedingly strong.
This was the opinion expressed Wednesday by Dr. John
D. Clark, member of President Truman's Council of Eco
nomic Advisors, at a convocation in the Union ballroom.
Formerly dean of the University of Nebraska College
of Business Administration, Dr. Clark emphasized that
there is a possibility of the eco- r "'
nomic situation moving either i fiiv StltifT iZmims
way, either to inflation or to de- J ' O I
Must Submit List
pression. The topic of his speech
was "The Business Outlook."
"THE KEY to whether there
will be deflation or not, in my
opinion," said Dr. Clark, "lies in
the demand for wage increases
by labor."
Pointing out that labor workers
have an economic advantage,
Clark emphasized that government
should be given the power to reg
ulate wage increases asked by this
group.
"These wage increases flow thru
our economy, raising the cost of
production, the cost of (he prod
ucts and consequently result in
higher prices," Clark stated.
THE PURPOSE of government
regulations on business and labor
is to curb economic conditions at
prosperity level, and thus to make
use of all resources to promote
free enterprise, Clark said.
"If this is a wise and prudent
policy, it is so because of a close
scrutiny of the economic situa
tion," Clark said, referring to the
studies made by the President's
Council of Economic Advisors.
The purpose of the Council is
to report on economic conditions
and to assist the president in pre
paring his annua) economic re
port. In short, the council makes
on economic forecast.
NONE OF the ordinary tools of
business forecast are used by the
council, Clark explained, such as
theories of the busincs cycle, in
dexes, the quantity expansion of
money and the increases in the
velocity and amount of money.
There is never a time when all
members of the Council agree on
these theories, he said.
"One thing that the council has
agreed upon in its last eight re
ports, although popular business
outlooks have not once agreed
with it, is that the postwar boom
is not over. Business will prob-
to expand.
the
ably continue
economist said
FOUR CHANGES were forecast
for IN" spring by Clark:
(1) An end to the treasury nui-
All groups planning to partici
pate in the sing should submit
an alphabetized list of members
participating, leader's name, and
number of song to Ellen Smith
hall as soon as possible, said
Marcia Tepperman, chairman.
All groups taking part in the
Ivy Day sing will be allowed two
consultations with faculty mem
bers from the School of Music.
Dr. A. E. Westbrook, who will
aiso De avanaoie lor advice, an
nounced that the following fac
ulty members will give consulta
tions: David Foltz, J. Dayton
Smith, Dale Ganz Katherine
Dean, Jack Schneider, Robert
Stcpp, John Whaley, Mary Lou
Bochm.
plus. The treasury will begin pay
ing out more than it is taking in
taxes.
(2) Growth of the demand, lo
cally and otherwise, for govern
ment services, including national
defense.
(3) Increased rates of railroads,
etc., which will increase costs of
production.
(4) Wage increases demanded
by labor.
"An ecouraging factor of the
last three months when business
was supposed to be going bad is
that there have been more em
ployed persons than during any
other peacetime period," Clark
said. "There has actually been a
drop in unemployed persons in
the last three months."
THIS. CLARK pointed out, is
further indication that the busi
ness situation does not depend on
one indication or Another, but it
deepnds on the interaction of all
the economic forces.
"The policies of government
commonly known as the New Deal
have been the stabilizing factors
in recent years, keeping a severe
repression from occuring after
the war," Clark said. "It is in
teresting that the well-being of
business men is now dependent
upon the measures they once con
demned.
Budget Raise
Needed for
GI Decrease
A decrease in the number of ex
GI students has been given by the
University as a reason for its pro
posed budget increase.
The Veterans Administration,
since the first ex-GI's came to the
campus, has been paying out-of-state
tuition, which does not apply
to non-veteran students.
THIS DIFFERENCE in student
fee income will affect the Univer
sity revenue greatly in the next
biennium. From 1947 to 1949, vet
erans paid 3 million dollars in stu
dent fees. Non-veteran students
paid one million dollars during
that period, a total of four million
dollars.
During the 1949-51 biennium, it
is estimated that veterans will
pay $1,200,000 in student fees.
Non-vet fees will increase to $2,
200,000. These figures total $3,
400,000, an estimated loss of $600,
000 in student fee income.
MUCH OF THE expansion of
the University teaching staff and
purchase of equipment, particular
ly for the 1946-47 school year, was
financed from student fee income.
Most of the students during that
time were World War II veterans.
The University has asked the leg
islature to replace the decline in
student fee income with state tax
funds.
Student fees at the University
have been raised twice totaling
20 per cent to meet increased op
erating costs. The University, in
attempting to keep the quality
and quantity of its teachers the
same, has stated that enrollments
will not decline sufficiently to ma
terially reduce the teaching staff.
Air Farmers
To Meet Here
Nebraska Flying Farmers are
coming to Lincoln!
About 75 planes and several
hundred farmers are expected in
Lincoln Friday for the Flying
Farmers soil conservation tour of
eastern Nebraska farms.
This will be part of a two-day
meeting of Flying Farmers of
eastern Nebraska, beginning
Thursday.
The aerial tour will start from
the Municipal airport at 9 a. m.,
Friday morning, April 15. All
kinds of conservation practice will
be viewed from the air. Ervin
Hutchinson of the Soil Conserva
tion Service and V. II. Peterson,
Lancaster county extension agent,
are lining up the air tour route.
A mass flight of the Flying
Farmers over the city is planned
for Friday morning at 11:30, fol
lowing the aerial conservation
tour.
VACATION!!!
Easter vacation officially be
lt ins at 8 a.m. Friday, accord
ing: to an announcement from
G. W. Rosenlof, registrar.
Classes will resume at 8 a.m.,
Wednesday. April 20.
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WITH A KINGLY AIR, the Sultan of Arabia (Bob Baum) re
sponds to the charms of the sophisticated Fatima (Bill Mickle) and
the distinguished hero, Cocker Spaniel Snootful (Don Veta). The
scene is from "Let's Change the Subject," 1949 Kosmet Klub
Spring musical. The laugh-packed show will be presented April
26 at the Nebraska Theatre and April 27 at Lincoln high school
auditorium.
Cfosmef lilub to !3un
Show Second Night
The 1949 Kosmet Klub Spring show, "Let's Change the
Subject" will play for two nights, according to President
Nobby Tiemann.
He explained that the Lincoln High school auditorium
has been secured for a second performance April 27. The
musical comedy already has been
SwimmingClub
Plans Pageant
Sea Dreams . . .
A show better than you'd ever
dream . . .
It's the Acquaquettes' annual
swimming pageant to be held
Friday and Saturday evenings,
May 13 and 14, at the Coliseum
pool.
Children's Dreams . . . Night
mares . . . Vacation Dreams . . .
Pipe Dreams . . . These are the
dreams all old salts and land lub
bers as well, may expect at the
pageant. The annual show will in
clude such acts as "Animal Crack
ers," "Pickles and Sardines,"
"Goblins" and "Winter Wonder
land." Members of the girls' swim club
who are directing the individual
numbers are: Beverly Shuman,
Pat Wiedman, Pat Lanna, Gladys
Robertson, Chris Ackerman, Terry
Gaines, Jo Selleck, Marie Collins,
Phyllis Mien, Jody Loder, Cay
Worcester, Marilyn Stark, Willa
dean Bryant, Shirley Maser and
Gloria Ferschtman.
Aquaquetle pre-' ''jnt is Bev
erly R' n"ian. Jane Mott i the
club sponsor.
scheduled for an April 26 show
ing at the Nebraska theatre.
Tickets will be sold by KK work
ers after Spring Vacation for $.75.
IN ANNOUNCING this change,
Tiemann also revealed the com
plete cast for the farcial musical;
Clement Schmatlce, prime minis
ter of England, Frank Wright;
IiOid Byron, head of Scotland
Yard, Frank Jacobs; Cocker Span
iel Snootful, the hero, Don Veta;
the prince, six months old, Harry
Giesselman.
Fatima, the heroine, Bill Mickle;
Big Zombie, the Sultan's strong
arm man, Fred Golan; the Sultan
of Arabia, Bob Baum; the mummy,
Leonard Pachman; first guard,
Herb Jackman; second guard, Rod
Fletcher; Herald, Gordon Gealy;
first nurse, Jerry Solomon.
THE NURSES, butlers, and
ladies of the harem will include
Frank Pedersen, Herm Shyken,
Larry Veta, John Mills, Leon
Pfeiffcr, Bob Scheve, Ed Father,
Gil Gunderson, Charles Sindt and
Andrew Morrow.
George Randol of the Circlet
Theater is handling director's
chores. Dances are being staged
by Donna McCandless. Kosmet
Klub members are managing the
crews of workers. The script wa
written by Jack Soloman.