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THE MAROON Number 22 LOKOLA UNIVERSITY, NEW ORLEANS, LA , MARCH 23, 1934 Volume XII The Campus View By E. F. "W THE UNDERWORLD has more armed men than the United States J army and navy combined, according to a statement made by Attorney-General Cummings to the Senate Judiciary committee. He | urged the enactment of strong legislation to aid the government in its war on gangsters. It seems rather peculiar that the leading world power s'nould be better armed to break the law and destroy peace than to enforce the law and preserve peace. Such a condition has all the earmarks of being a slur on the calibre and character of our government's officials. Or is it lack of coopera-1 tion between the federal and state governments? Or, then again, is it the crookedness of a certain | group of politicians that enable the criminals to carry on their illegitimate business successfully and within the law? Strong legislation is acutely needed, and that right I THE AIR-MAIL took off again with "safety first" its motto after 11 men had died in the service. This time the planes were carefully inspected, and newly equipped for night and blind flying with j improved wireless facilities. Only I eight major routes are being flown and indications are that President J Roosevelt will modify the perma-j nent airmail bill and restore Um contracts to some private concerns. In this way it is hoped to remedy, j at least to some degree, the mistake. The entire affair turned out to be a tragic error and at present Congress is having a lough tussle trying to right the wrong. Eleven clraili- are enough; precaution is the watchword. MOVING PICTURES dealing with the exploits of John Dillinger, escaped gangster, have been banned from production in Hollywood by Will H. Hays, head of the Film Producers and Distributors association. He is of the opinion that the production of such pictures would be detrimental to the best public interest. We thought that Dillinger was bad, but we did not think he was that bad. Imagine Hollywood considering the public interest and public morals! We see all sorts of pictures every day that are more detrimental to the morals and character of the American youth than a Dillinger picture ever will be. Yet the production of his exploits is banned, while the pictures that glorify sex, and excuse . what used to be considered "scandalous", pass the censors without * the bat of an eyelid. It is para- Life of Ants Is Topic of Talk Before Club "The Wedding of the Ants and Their Home Life" was the subject of the talk given by Edward Nelson to the members of the Pothier society at its meeting Monday night in the biology laboratory of Bobet hall. The lecture was interesting in the extreme, discussing fully the wedded life of ants. "The young mother ant," claimed Nelson in his talk, "bores Into the earth and remains there until she spawns her eggs. She mothers these eggs with such love that her body soon becomes too weak for her to remove herself from her bed." "Upon the hatching of these eggs she is removed by 'neighbors', who very kindly bore a hole for her to come to the surface of the earth. The process is then repeated."Other talks were given by M. Lyons, "The Psysiological Effect of Alcohol on the Nervous System", and by W. Vincent. Both talks were unique in their contents.John Kron, chairman of the pin committee, has announced that the key for the society has been decided upon, being egg-shaped with a skull and cross-bones in the upper lefthand corner. The letters "O. L. P." are in the middle.At its next meeting, April 9 at 7:30 in room 304, Bobet hall, Doctor William A. Wagner, ear, eye and throat specialist, will talk on the sinus. All persons that have completed one year of biology are cordially invited to attend. All freshman biology students are requested to be there. Embyro Lawyers To Hold Murder Case The moot court, conducted by law school seniors, will take up a murder case tomorrow night in the civil district court building, Section K. The defendant, Skelly Wright, is accused almost entirely by circumstantial evidence of murdering his wife with a candlestick. Lawyers for the defendant will be Anthony Muller and Michael O'Dowd. State's attorneys will be Ray Mock and Branard Montgomery. Walter Hamlin, prominent local attorney, will preside as judge. The purpose of the moot court, in which mock trials are conducted, is to give the seniors in the law school practice in pleading and defending cases. Moise Shaw, well known member of the New Orleans bar, is in charge. Maroon and Gold Trackmen Compete in Lafayette Meet . With the memory of last year's glorious victory still fresh in their minds, the Maroon and Gold trackmen, led by Claude Landry, will vie with the best athletes of the South at the Southwestern Relays tomorrow. Last year the Loyola trackmen returned from Lafayette winners ok the meet and the proud possessors of two new records, four 'silver batons and a mounted sprinter trophy. Loyola's freshman mile relay team broke the previous record made in 1932 by LD S. U. of 3 min. 32 sec. with the time of 3 min. 31.6 sec. and the varsity relay team broke the record made in 1931 by Louisiana college of 3 min. 25.2 sec. with the time of 3 min. 24.5 sec. Led by Claude Landry, blonde hurdler, Sam McNeeley, Paul Barker and Marion Loisel will leave for Lafayette Friday. Landry will enter the high hurdles and the 220-yd. dash. McNeeley will enter the quarter-mile, Baker the half-mile, and Loisel the mile run. These four men will also make up the team for the college relay. Coach "Tad" Gormley's trackmen will be hampered by the fact that some very good track and field men will be unable to participate in the meet because of the strenuous spring training now in session. The meet has been set a week ahead of the time previously announced to avoid holding it during the Easter holidays. VARSITY DEBATERS LEAVE ON THOUSAND MILE FLORIDA TRIP To Defend Season's Record In Debates With Three Schools; Four To Make Trip Making their first tour this season, the Edward Douglas White society varsity debaters will leave tomorrow afternoon for the Southeast.The members of the society who will take the trip are Felicien Lozes and Leo C. Zinzer, first string debaters; John McCann, alternate; and William K. Hamilton, president, who will act as the debate manager. The men will meet in order Springhill college at Mobile Saturday night; the University of Florida at Gainesville Monday night; and the University of Miami Tuesday. In the three debates the team will argue on t'ne national debate question; Resolved—That the powers of the President of the United States should be substantially increased as a settled policy. Washington-Southwestern Debates The White society kept its slate clean with a win in two debates, one a no-decision debate, last week. On the same side for the first time this year, Leo Zinzer and Felicien Lozes won over Henry Oliver and Alvin Tate, representatives of Southwestern of Memphis, Tuesday night. Defending the affirmative side of the national question, the local team received a 2-1 decision. Judges were Benjamin W. Yancy, Gerald M. Rault, and E. B. Charbonnet. In a no-decision debate with Washington University of St. Louis QUARTER HOUR Tom Dunn, sophomore arts and sciences student, announced the regular 5:30 campus quarter hour giving news and happenings of the Loyola campus over WWL, university station, yesterday evening. Francis Hursey, tenor, rounded out the program with two songs. The quarter hour is a weekly feature. Sodalities Sponsor Stations, Holy Hour The members of the various high school and college sodalities throughout the city assembled in the Holy Name church Sunday afternoon at 3 o'clock for the Way of the Cross sponsored by the College Council of Sodalities of New Orleans as a special Lenten activity. The stations were followed by solemn benediction celebrated by Rev. Joseph Maring, S. J. About three hundred students attended. Rehearsals Set "Fortunato" Cast Rehearsals for "Fortunate," coming dramatic presentation by the Spanish club, are now being held every day in the week, Joseph Abraham, director of the play, announced Monday. Professor Abraham has called a meeting of the entire cast for Sunday afternoon at 2 o'clock, at which a rehearsal of the entire play will be held. "Fortunato," :i three-acl tragicomedy by the Quinteros, worldfamous writers of classic Spanish drama, is to be presented in the new Holy Name auditorium about the middle of April. "We are very enthusiastic about this year's play," Miss J. C. Montejo, head of the Spanish department, declared in an interview last Tuesday. "The combination of a world-famous play, coupled with a cast of players experienced in dramatics and the best qualities of the Castilian language, gives promise of making this production the greatest in the history of the club." Business Man Talks About Salesmanship Presenting what many students stated was the best commerce lecture this year, Theodore Simmons, district manager of the Pan American Life Insurance company, talked to commerce students last Friday in Marquette auditorium on salesmanship. "Unless you have a full quart of the milk of human kindness you will not be a successful salesman." stated the speaker. The necessity of the human angle in selling was stressed. "A salesman must know his business, know human beings, and know himself. Unless we know these three things we shall not be real salesmen and the other fellow will always be beating us to our prospect." The commerce lectures are arranged by Bev. J. A. Butt S. J., of the commerce department, and all students are invited. The next lecture will be announced in the near future. EASTER HOLIDAYS Blazing sun, stiff organdie dresses, linen suits, shining faces and chocolate smeared faces — you'll have plenty of time to enjoy them this year. Easter Holidays start for arts and sciences students Wednesday evening, extend over Holy Thursday, Good Friday, Easter Sunday; and up to the next Wednesday morning. French Club To Put On 3 One Act Plays The Loyola French club will present three one-act-plays in the latter part of April, Hensley B. Lacy, director, announced Wednesday. The plays, "Un Ariviste," "La Dame de Bronze," and "Poil de Carotte" are all by modern contemporary authors. The cast of "Un Ariviste" will include A. P. Schiro 111, M. V. Jarreau, Yvonne Galatoire, Julien Michel, Cyril Broussard and Louise de Tarnowsky; that of "La Dame de Bronze." Lucien Delery, Robert Pascal, Edward Aubert, John Kron and Edna Mae Neyrey; that of "Poil de Carotte", Johnny Schilleci, Solange Mille, Mildred Cazenavette and Joseph Leppert. NEW DEAL'S MONEY REFORMS DISCUSSED EDITOR'S NOTE: This Is the third of a series of four articles by by the dean of the department of commerce and finance explaining our national monetary system. By John V. Connor, Ph. D. Scarcely more than a year ago the nation's economic affairs were in a state of turmoil. A prolonged period of business stagnation had created widespread unemployment and bottomless commodity prices. A faltering public confidence was rapidly precipitating a financial panic, involving both the banks and the government. Loss of depositor confidence, followed by large cash withdrawals, was forcing numberless banks to suspend operations. Alarm was expressed over the impotency of the government to check the deflationary process and to restore order. Such was the dismal situation facing Roosevelt last March. To him it was immediately apparent that drastic and sudden action had to be taken and that firm decisions had to be made. Renewed business activity had to be stimulated to reduce unemployment, to put purchasing power in the hands of the masses, and to bolster the falling price level. Confidence in the government and in the banks had to be created out of financial chaos. Just how the New Deal administration meet these challenges is now a matter of history. Even a brief review of its accomplishments would take us far and wide into all the ramifications of our economic system. Such is not our concern at the moment. Rather, we are interested in seeing how the New Deal reforms affected the money and banking systems. Dishonest Dollar From the very beginning Roosevelt expressed his keen desire to bolster prices and eventually to raise them to a higher level, with 1926 prices as the ideal. He made known his conviction that the dollar of fluctuating purchasing power, up today and down tomorrow, was a dishonest dollar. But tied, as it was, to a given legal quantity of gold it could not be cheapened. Moreover, distrust was held for a system which permitted private citizens to hoard the nation's basic money, so badly needed for banking purposes. Thus we were given a rather definite commitment that something was going to be done about a monetary system that worked so badly, and about a dollar that was so dishonest. So began on March 5, 1933 a procession of events leading to the modification of the monetary standard and the remodeling of the banking structure. Acting under emergency powers authorized in 1917 t'he President issued the antihoarding proclamation. This edict constituted a government repudiation of its promise to redeem in gold. Congress confirmed this executive action and very shortly thereafter gave to the President broad permissive powers to deal further with the emergency. These broad powers, coupled with specific legislative enactments, afforded an authoritative basis for subsequent decisions. The anti-hoarding decision virtually took us off the gold standard of the 1900 vintage, but actual legal abandonment did not come until April 19th. With the gold standard definitely abandoned Roosevelt then secured from Congress specific authority to take possession of the Federal Reserve gold resources and to revalue the gold dollar at a point somewhere between 50 and 60 per cent of its statutory weight of 1900. The Gold Question The granting of this power meant a unified federal control of practically all the nation's gold. It signalized the return of gold as basic money, but, as events show, under much different circumstances than formerly existed. Thus with trie gold standard bill signed Jan. 31, 1933 a new and modified money system was ushered in. Under the terms of this act the dollar was revalued to conform to 15 5/21 grains of gold nine-tenths fine as contrasted with the old statutory weight of 25.8 grains. The price of gold was thus set at $35 per ounce as contrasted with the old price of 20.67. This means simply that $35 in paper will now buy w'iiat formerly would exchange for about $20 in paper. Such was the cheapening of the paper dollar to about sixty per cent of its former ratio to gold. Under the new regulations the Treasury Department buys gold bullion at $35 per ounce and sells gold bullion in $5000 bars, for authorized purposes, at the same rate. All currency reserves are R.O.T.C. INTEREST AT HIGH PITCH WITH DEBATE TODAY Rodi, McGovern Argue For Unit; Broussard, Durand Against. Poll To Come Off Shortly. The debate on the advisability of installing a Reserve Officers Training Corps unit at the university will be held this morning at 11 o'clock in Marquette auditorium, according to an announcement by Charles H. Bailey, president of the student council. This debate is being held prior to the popular voting by the student body. The question to be argued is: "Resolved, that Loyola should make application for an R.O.T.C. unit." Stephen R. Rodi and Milton Me Govern will uphold the affirmative point of view, and Cyril Broussard and Gilbert Durand will defend the negative. Members of the student council, as representatives of the classes, will take a poll in their respective classes on two questions. The first is, "Do you favor the establishment of such a group at Loyola?"; and the second is, "Will you join such a unit if it is established?" The student council will compile the complete returns immediately after the Easter holidays and if the vote is favorable, application will be made at once to the government for the establishment of the unit. Student interest has reached the peak during the past week and the students are most enthusiastic over the idea. A census of the opinion of the various campus leaders was made, and the majority of them are highly in favor of filing application for the military unit. A letter was received this week by the dean of the college of arts and sciences from Edward S. Bres, chairman of the Reserve Officers Training Corps committee of the Association of Commerce. A part of the letter follows. "As chairman of the Reserve Officers Training Corps committee, I have been in recent i.vyimunication with the commarjdfni, general of the Fourth Corps Area and others, in regard to such matters, and wish to make available to you the information contained in our files and assure you of the assistance of the committee, and its whole-hearted co-operation in furthering the application of your students." Loyola Professor Talks To N.O.A.S. ProfesHor J. O. Monasterio, department of mathematics of Loyola university, will read a paper on a method to determine the limits of the roots of polynomial equations before the New Orleans Academy of Sciences Friday afternoon at 2:50, in the physics lecture room at Tulane university. Prof. Monastery's discussion will be given during the session on physics, engineering, mathematics, astronomy and geology. This is the eighty-first annual meeting of the New Orleans Academy of Sciences and will be held on March 23-24 at Tulane university. All sessions of the meeting are open to the public. Circolo Entertains With Recital, Talk The Circolo Universitario Italiano presented a nmsicale of Italian composers, bringing out the whole history and technique of Italian musicians, Wednesday night in Marquette auditorium before the general public, the Virgilian society, composed of Italian professional men. and Circolo members. Marcel LaNasa, in charge of the program, covered in four solos Italian violin masters from Corelli, earliest violinist. Selections from Mascagni's opera and from Leoneavello were presented by a string quartet made up of Marcel LaNasa, violinist; Evelyn Durmeyer, piano; Miss Springer, cellist; and Ralph Laccasagne, flutist. Laccasagne also gave a flue solo, Bazzini's La Konde des Lutins, to demonstrate Italian technique and execution. Other soloists were: Anita Hillery. contralto, and Marie Badger, soprano, of the Loyola college of music. James E. O'Connor, former congressman from Louisiana, gave a fifteen minute talk on Italian literature. John Shelleci, president of the Circolo ,was chairman. Pharmacy College Library Has Rare and Curious Books A formula for syrup of snails, rare old books (latins back to tlie eighteenth century, beautifully illustrated volumes. wonderfully small copies—all these are to be found in the pharmacy library. The request made sometime ago for old books, magazines, and periodicals pertaining to pharmacy baa been answered, and friends bave moat generously contributed such material. Rare old copies have been donated by universities, doctors and pharmacists interested in the age-old and honored profession, and are now on the shelves of the library in the pharmacy department In the collection are to be found volumes dating as far back as 1750 and 1800. Their time-worn covers tell of the hardships they underwent to obtain the places of honor they now hold today. If these old relics could but recount the happenings of their lifetimes, fantastic and fascinating would be the stories. These are the sentinels who have stood at attention always ready to serve, and who have watched the profession of pharmacy develop through its many stages. The French Codex, one of the oldest books in the collection, was donated by E. K. Wunderlich. It contains many valuable old formulas, some of which are still very popular today. On the other hand, several of its remedies have fallen into disrepute, such as syD up 0/ snails. The philanthropy exemplified by Dr. E. J. Richard who donated several volumes owned by his lather, is most gratifying," said Dr. Mc Closky, dean of the school of pharmacy Other similar donations include a rather unique chemistry book given by H. J. Di Trapini. It is of particular interest and value because of the beautifully executed illustrations which are all done in colors." One of the smallest volumes is the 4th edition of the United States Pharmacopoeia. It is quite insignificant, and- when compaied In size to the present U. S. P. X, it resembles a grain of sand. This comparison serves to prove how pharmacy as an art and science has progressed throughout the years. The small grain of sand was utilized and incorporated into one of the supports which serve as a foundation upon which a mighty and noble structure now stands. (Continued on page 4) (Continued on page 2) I fasterseason of joy and peace comes next iceek. Happy holidays. Debate— •. On the KOTC at 11 this morning, lie there and hear the pros and cons.
Object Description
| Title | Maroon |
| Masthead | The Maroon Vol. 12 No. 22 |
| Publisher | Loyola University (New Orleans, La.) |
| Coverage | United States; Louisiana; New Orleans; |
| Date | 1934-03-23 |
| Type | Text |
| Source | Loyola University New Orleans Special Collections & Archives (http://library.loyno.edu/research/speccoll/) New Orleans, LA |
| Format | TIFF |
| Subject | Loyola University (New Orleans, La.) |
| Rights | Digital rights are held by Loyola University New Orleans. Copyright is retained in accordance with U.S. copyright law. |
| Creator | Loyola University (New Orleans, La.) |
| Relation-Is Part Of | http://www.louisianadigitallibrary.org/cdm/search/collection/LOYOLA_UMN |
| Language | en |
| Digitized By | BSLW |
| Digitized Date | 2012-2013 |
| Contact Information | For information or permission to use/publish, contact: mailto:archives@loyno.edu |
| Rating |
Description
| Title | Maroon |
| Masthead | The Maroon Vol. 12 No. 22 |
| Publisher | Loyola University (New Orleans, La.) |
| Coverage | United States; Louisiana; New Orleans; |
| Date | 1934-03-23 |
| Type | Text |
| Source | Loyola University New Orleans Special Collections & Archives (http://library.loyno.edu/research/speccoll/) New Orleans, LA |
| Format | TIFF |
| Subject | Loyola University (New Orleans, La.) |
| Rights | Digital rights are held by Loyola University New Orleans. Copyright is retained in accordance with U.S. copyright law. |
| Creator | Loyola University (New Orleans, La.) |
| Relation-Is Part Of | http://www.louisianadigitallibrary.org/cdm/search/collection/LOYOLA_UMN |
| Identifier | See 'reference url' on the navigational bars. |
| Language | en |
| Digitized By | BSLW |
| Digitized Date | 2012-2013 |
| Contact Information | For information or permission to use/publish, contact: mailto:archives@loyno.edu |
| Filename | mn_19340323_001.tif |
| Technical Metadata | Archival image is an 8-bit greyscale tiff that was scanned from microfilm at 300 dpi. The original file size was 2657.21 KB. |
| Transcript | THE MAROON Number 22 LOKOLA UNIVERSITY, NEW ORLEANS, LA , MARCH 23, 1934 Volume XII The Campus View By E. F. "W THE UNDERWORLD has more armed men than the United States J army and navy combined, according to a statement made by Attorney-General Cummings to the Senate Judiciary committee. He urged the enactment of strong legislation to aid the government in its war on gangsters. It seems rather peculiar that the leading world power s'nould be better armed to break the law and destroy peace than to enforce the law and preserve peace. Such a condition has all the earmarks of being a slur on the calibre and character of our government's officials. Or is it lack of coopera-1 tion between the federal and state governments? Or, then again, is it the crookedness of a certain group of politicians that enable the criminals to carry on their illegitimate business successfully and within the law? Strong legislation is acutely needed, and that right I THE AIR-MAIL took off again with "safety first" its motto after 11 men had died in the service. This time the planes were carefully inspected, and newly equipped for night and blind flying with j improved wireless facilities. Only I eight major routes are being flown and indications are that President J Roosevelt will modify the perma-j nent airmail bill and restore Um contracts to some private concerns. In this way it is hoped to remedy, j at least to some degree, the mistake. The entire affair turned out to be a tragic error and at present Congress is having a lough tussle trying to right the wrong. Eleven clraili- are enough; precaution is the watchword. MOVING PICTURES dealing with the exploits of John Dillinger, escaped gangster, have been banned from production in Hollywood by Will H. Hays, head of the Film Producers and Distributors association. He is of the opinion that the production of such pictures would be detrimental to the best public interest. We thought that Dillinger was bad, but we did not think he was that bad. Imagine Hollywood considering the public interest and public morals! We see all sorts of pictures every day that are more detrimental to the morals and character of the American youth than a Dillinger picture ever will be. Yet the production of his exploits is banned, while the pictures that glorify sex, and excuse . what used to be considered "scandalous", pass the censors without * the bat of an eyelid. It is para- Life of Ants Is Topic of Talk Before Club "The Wedding of the Ants and Their Home Life" was the subject of the talk given by Edward Nelson to the members of the Pothier society at its meeting Monday night in the biology laboratory of Bobet hall. The lecture was interesting in the extreme, discussing fully the wedded life of ants. "The young mother ant" claimed Nelson in his talk, "bores Into the earth and remains there until she spawns her eggs. She mothers these eggs with such love that her body soon becomes too weak for her to remove herself from her bed." "Upon the hatching of these eggs she is removed by 'neighbors', who very kindly bore a hole for her to come to the surface of the earth. The process is then repeated."Other talks were given by M. Lyons, "The Psysiological Effect of Alcohol on the Nervous System", and by W. Vincent. Both talks were unique in their contents.John Kron, chairman of the pin committee, has announced that the key for the society has been decided upon, being egg-shaped with a skull and cross-bones in the upper lefthand corner. The letters "O. L. P." are in the middle.At its next meeting, April 9 at 7:30 in room 304, Bobet hall, Doctor William A. Wagner, ear, eye and throat specialist, will talk on the sinus. All persons that have completed one year of biology are cordially invited to attend. All freshman biology students are requested to be there. Embyro Lawyers To Hold Murder Case The moot court, conducted by law school seniors, will take up a murder case tomorrow night in the civil district court building, Section K. The defendant, Skelly Wright, is accused almost entirely by circumstantial evidence of murdering his wife with a candlestick. Lawyers for the defendant will be Anthony Muller and Michael O'Dowd. State's attorneys will be Ray Mock and Branard Montgomery. Walter Hamlin, prominent local attorney, will preside as judge. The purpose of the moot court, in which mock trials are conducted, is to give the seniors in the law school practice in pleading and defending cases. Moise Shaw, well known member of the New Orleans bar, is in charge. Maroon and Gold Trackmen Compete in Lafayette Meet . With the memory of last year's glorious victory still fresh in their minds, the Maroon and Gold trackmen, led by Claude Landry, will vie with the best athletes of the South at the Southwestern Relays tomorrow. Last year the Loyola trackmen returned from Lafayette winners ok the meet and the proud possessors of two new records, four 'silver batons and a mounted sprinter trophy. Loyola's freshman mile relay team broke the previous record made in 1932 by LD S. U. of 3 min. 32 sec. with the time of 3 min. 31.6 sec. and the varsity relay team broke the record made in 1931 by Louisiana college of 3 min. 25.2 sec. with the time of 3 min. 24.5 sec. Led by Claude Landry, blonde hurdler, Sam McNeeley, Paul Barker and Marion Loisel will leave for Lafayette Friday. Landry will enter the high hurdles and the 220-yd. dash. McNeeley will enter the quarter-mile, Baker the half-mile, and Loisel the mile run. These four men will also make up the team for the college relay. Coach "Tad" Gormley's trackmen will be hampered by the fact that some very good track and field men will be unable to participate in the meet because of the strenuous spring training now in session. The meet has been set a week ahead of the time previously announced to avoid holding it during the Easter holidays. VARSITY DEBATERS LEAVE ON THOUSAND MILE FLORIDA TRIP To Defend Season's Record In Debates With Three Schools; Four To Make Trip Making their first tour this season, the Edward Douglas White society varsity debaters will leave tomorrow afternoon for the Southeast.The members of the society who will take the trip are Felicien Lozes and Leo C. Zinzer, first string debaters; John McCann, alternate; and William K. Hamilton, president, who will act as the debate manager. The men will meet in order Springhill college at Mobile Saturday night; the University of Florida at Gainesville Monday night; and the University of Miami Tuesday. In the three debates the team will argue on t'ne national debate question; Resolved—That the powers of the President of the United States should be substantially increased as a settled policy. Washington-Southwestern Debates The White society kept its slate clean with a win in two debates, one a no-decision debate, last week. On the same side for the first time this year, Leo Zinzer and Felicien Lozes won over Henry Oliver and Alvin Tate, representatives of Southwestern of Memphis, Tuesday night. Defending the affirmative side of the national question, the local team received a 2-1 decision. Judges were Benjamin W. Yancy, Gerald M. Rault, and E. B. Charbonnet. In a no-decision debate with Washington University of St. Louis QUARTER HOUR Tom Dunn, sophomore arts and sciences student, announced the regular 5:30 campus quarter hour giving news and happenings of the Loyola campus over WWL, university station, yesterday evening. Francis Hursey, tenor, rounded out the program with two songs. The quarter hour is a weekly feature. Sodalities Sponsor Stations, Holy Hour The members of the various high school and college sodalities throughout the city assembled in the Holy Name church Sunday afternoon at 3 o'clock for the Way of the Cross sponsored by the College Council of Sodalities of New Orleans as a special Lenten activity. The stations were followed by solemn benediction celebrated by Rev. Joseph Maring, S. J. About three hundred students attended. Rehearsals Set "Fortunato" Cast Rehearsals for "Fortunate" coming dramatic presentation by the Spanish club, are now being held every day in the week, Joseph Abraham, director of the play, announced Monday. Professor Abraham has called a meeting of the entire cast for Sunday afternoon at 2 o'clock, at which a rehearsal of the entire play will be held. "Fortunato" :i three-acl tragicomedy by the Quinteros, worldfamous writers of classic Spanish drama, is to be presented in the new Holy Name auditorium about the middle of April. "We are very enthusiastic about this year's play" Miss J. C. Montejo, head of the Spanish department, declared in an interview last Tuesday. "The combination of a world-famous play, coupled with a cast of players experienced in dramatics and the best qualities of the Castilian language, gives promise of making this production the greatest in the history of the club." Business Man Talks About Salesmanship Presenting what many students stated was the best commerce lecture this year, Theodore Simmons, district manager of the Pan American Life Insurance company, talked to commerce students last Friday in Marquette auditorium on salesmanship. "Unless you have a full quart of the milk of human kindness you will not be a successful salesman." stated the speaker. The necessity of the human angle in selling was stressed. "A salesman must know his business, know human beings, and know himself. Unless we know these three things we shall not be real salesmen and the other fellow will always be beating us to our prospect." The commerce lectures are arranged by Bev. J. A. Butt S. J., of the commerce department, and all students are invited. The next lecture will be announced in the near future. EASTER HOLIDAYS Blazing sun, stiff organdie dresses, linen suits, shining faces and chocolate smeared faces — you'll have plenty of time to enjoy them this year. Easter Holidays start for arts and sciences students Wednesday evening, extend over Holy Thursday, Good Friday, Easter Sunday; and up to the next Wednesday morning. French Club To Put On 3 One Act Plays The Loyola French club will present three one-act-plays in the latter part of April, Hensley B. Lacy, director, announced Wednesday. The plays, "Un Ariviste" "La Dame de Bronze" and "Poil de Carotte" are all by modern contemporary authors. The cast of "Un Ariviste" will include A. P. Schiro 111, M. V. Jarreau, Yvonne Galatoire, Julien Michel, Cyril Broussard and Louise de Tarnowsky; that of "La Dame de Bronze." Lucien Delery, Robert Pascal, Edward Aubert, John Kron and Edna Mae Neyrey; that of "Poil de Carotte", Johnny Schilleci, Solange Mille, Mildred Cazenavette and Joseph Leppert. NEW DEAL'S MONEY REFORMS DISCUSSED EDITOR'S NOTE: This Is the third of a series of four articles by by the dean of the department of commerce and finance explaining our national monetary system. By John V. Connor, Ph. D. Scarcely more than a year ago the nation's economic affairs were in a state of turmoil. A prolonged period of business stagnation had created widespread unemployment and bottomless commodity prices. A faltering public confidence was rapidly precipitating a financial panic, involving both the banks and the government. Loss of depositor confidence, followed by large cash withdrawals, was forcing numberless banks to suspend operations. Alarm was expressed over the impotency of the government to check the deflationary process and to restore order. Such was the dismal situation facing Roosevelt last March. To him it was immediately apparent that drastic and sudden action had to be taken and that firm decisions had to be made. Renewed business activity had to be stimulated to reduce unemployment, to put purchasing power in the hands of the masses, and to bolster the falling price level. Confidence in the government and in the banks had to be created out of financial chaos. Just how the New Deal administration meet these challenges is now a matter of history. Even a brief review of its accomplishments would take us far and wide into all the ramifications of our economic system. Such is not our concern at the moment. Rather, we are interested in seeing how the New Deal reforms affected the money and banking systems. Dishonest Dollar From the very beginning Roosevelt expressed his keen desire to bolster prices and eventually to raise them to a higher level, with 1926 prices as the ideal. He made known his conviction that the dollar of fluctuating purchasing power, up today and down tomorrow, was a dishonest dollar. But tied, as it was, to a given legal quantity of gold it could not be cheapened. Moreover, distrust was held for a system which permitted private citizens to hoard the nation's basic money, so badly needed for banking purposes. Thus we were given a rather definite commitment that something was going to be done about a monetary system that worked so badly, and about a dollar that was so dishonest. So began on March 5, 1933 a procession of events leading to the modification of the monetary standard and the remodeling of the banking structure. Acting under emergency powers authorized in 1917 t'he President issued the antihoarding proclamation. This edict constituted a government repudiation of its promise to redeem in gold. Congress confirmed this executive action and very shortly thereafter gave to the President broad permissive powers to deal further with the emergency. These broad powers, coupled with specific legislative enactments, afforded an authoritative basis for subsequent decisions. The anti-hoarding decision virtually took us off the gold standard of the 1900 vintage, but actual legal abandonment did not come until April 19th. With the gold standard definitely abandoned Roosevelt then secured from Congress specific authority to take possession of the Federal Reserve gold resources and to revalue the gold dollar at a point somewhere between 50 and 60 per cent of its statutory weight of 1900. The Gold Question The granting of this power meant a unified federal control of practically all the nation's gold. It signalized the return of gold as basic money, but, as events show, under much different circumstances than formerly existed. Thus with trie gold standard bill signed Jan. 31, 1933 a new and modified money system was ushered in. Under the terms of this act the dollar was revalued to conform to 15 5/21 grains of gold nine-tenths fine as contrasted with the old statutory weight of 25.8 grains. The price of gold was thus set at $35 per ounce as contrasted with the old price of 20.67. This means simply that $35 in paper will now buy w'iiat formerly would exchange for about $20 in paper. Such was the cheapening of the paper dollar to about sixty per cent of its former ratio to gold. Under the new regulations the Treasury Department buys gold bullion at $35 per ounce and sells gold bullion in $5000 bars, for authorized purposes, at the same rate. All currency reserves are R.O.T.C. INTEREST AT HIGH PITCH WITH DEBATE TODAY Rodi, McGovern Argue For Unit; Broussard, Durand Against. Poll To Come Off Shortly. The debate on the advisability of installing a Reserve Officers Training Corps unit at the university will be held this morning at 11 o'clock in Marquette auditorium, according to an announcement by Charles H. Bailey, president of the student council. This debate is being held prior to the popular voting by the student body. The question to be argued is: "Resolved, that Loyola should make application for an R.O.T.C. unit." Stephen R. Rodi and Milton Me Govern will uphold the affirmative point of view, and Cyril Broussard and Gilbert Durand will defend the negative. Members of the student council, as representatives of the classes, will take a poll in their respective classes on two questions. The first is, "Do you favor the establishment of such a group at Loyola?"; and the second is, "Will you join such a unit if it is established?" The student council will compile the complete returns immediately after the Easter holidays and if the vote is favorable, application will be made at once to the government for the establishment of the unit. Student interest has reached the peak during the past week and the students are most enthusiastic over the idea. A census of the opinion of the various campus leaders was made, and the majority of them are highly in favor of filing application for the military unit. A letter was received this week by the dean of the college of arts and sciences from Edward S. Bres, chairman of the Reserve Officers Training Corps committee of the Association of Commerce. A part of the letter follows. "As chairman of the Reserve Officers Training Corps committee, I have been in recent i.vyimunication with the commarjdfni, general of the Fourth Corps Area and others, in regard to such matters, and wish to make available to you the information contained in our files and assure you of the assistance of the committee, and its whole-hearted co-operation in furthering the application of your students." Loyola Professor Talks To N.O.A.S. ProfesHor J. O. Monasterio, department of mathematics of Loyola university, will read a paper on a method to determine the limits of the roots of polynomial equations before the New Orleans Academy of Sciences Friday afternoon at 2:50, in the physics lecture room at Tulane university. Prof. Monastery's discussion will be given during the session on physics, engineering, mathematics, astronomy and geology. This is the eighty-first annual meeting of the New Orleans Academy of Sciences and will be held on March 23-24 at Tulane university. All sessions of the meeting are open to the public. Circolo Entertains With Recital, Talk The Circolo Universitario Italiano presented a nmsicale of Italian composers, bringing out the whole history and technique of Italian musicians, Wednesday night in Marquette auditorium before the general public, the Virgilian society, composed of Italian professional men. and Circolo members. Marcel LaNasa, in charge of the program, covered in four solos Italian violin masters from Corelli, earliest violinist. Selections from Mascagni's opera and from Leoneavello were presented by a string quartet made up of Marcel LaNasa, violinist; Evelyn Durmeyer, piano; Miss Springer, cellist; and Ralph Laccasagne, flutist. Laccasagne also gave a flue solo, Bazzini's La Konde des Lutins, to demonstrate Italian technique and execution. Other soloists were: Anita Hillery. contralto, and Marie Badger, soprano, of the Loyola college of music. James E. O'Connor, former congressman from Louisiana, gave a fifteen minute talk on Italian literature. John Shelleci, president of the Circolo ,was chairman. Pharmacy College Library Has Rare and Curious Books A formula for syrup of snails, rare old books (latins back to tlie eighteenth century, beautifully illustrated volumes. wonderfully small copies—all these are to be found in the pharmacy library. The request made sometime ago for old books, magazines, and periodicals pertaining to pharmacy baa been answered, and friends bave moat generously contributed such material. Rare old copies have been donated by universities, doctors and pharmacists interested in the age-old and honored profession, and are now on the shelves of the library in the pharmacy department In the collection are to be found volumes dating as far back as 1750 and 1800. Their time-worn covers tell of the hardships they underwent to obtain the places of honor they now hold today. If these old relics could but recount the happenings of their lifetimes, fantastic and fascinating would be the stories. These are the sentinels who have stood at attention always ready to serve, and who have watched the profession of pharmacy develop through its many stages. The French Codex, one of the oldest books in the collection, was donated by E. K. Wunderlich. It contains many valuable old formulas, some of which are still very popular today. On the other hand, several of its remedies have fallen into disrepute, such as syD up 0/ snails. The philanthropy exemplified by Dr. E. J. Richard who donated several volumes owned by his lather, is most gratifying" said Dr. Mc Closky, dean of the school of pharmacy Other similar donations include a rather unique chemistry book given by H. J. Di Trapini. It is of particular interest and value because of the beautifully executed illustrations which are all done in colors." One of the smallest volumes is the 4th edition of the United States Pharmacopoeia. It is quite insignificant, and- when compaied In size to the present U. S. P. X, it resembles a grain of sand. This comparison serves to prove how pharmacy as an art and science has progressed throughout the years. The small grain of sand was utilized and incorporated into one of the supports which serve as a foundation upon which a mighty and noble structure now stands. (Continued on page 4) (Continued on page 2) I fasterseason of joy and peace comes next iceek. Happy holidays. Debate— •. On the KOTC at 11 this morning, lie there and hear the pros and cons. |
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