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University Daily Kansan Wednesday, March 31, 1954
Pritchard Sees Need For Recession Action
"The nation's economy is in a smooth, downward glide that will continue until the federal government takes more positive antirecession measures," Dr. Leland J. Pritchard, professor of finance at the University, yesterday told the annual Kansas Bankers Association Trust conference in the Student Union.
"But the Eisenhower administration will not let the recession get out of hand," Dr. Pritchard said. He expressed confidence in Dr. Arthur Burns, who leads the President's Council of Economics Advisers.
A
In a long-term forecast, Dr. Pritchard said the American government will implement a full-employment policy by inflationary measures.
"Much as we dislike a chronic and creeping inflation and doubt its wisdom, that is the picture," he said. "But it won't be the kind of inflation associated with loss of confidence in the government such as afflicted Germany and China after the two World wars."
Business recessions have been self-correcting since 1920, he explained. Monopoly practices of both business and labor, aided and abetted by government, have robbed the economy of downward price flexibility, which once was a correcting factor, he said.
"We now cut production instead of prices, thus increasing unemployment and increasing purchasing power, and intensifying the recession," he continued.
Pointing to the obvious handicaps
of debt, either private or governmental. Dr. Pritchard added that "since 1923 our increase in purchasing power has been accompanied by an expansion of debt."
"From 1929 to 1939 there was no appreciable increase in total net debt. Government debt rose but private indebtedness contracted and in the period we did not lick the depression.
"But from 1940 to 1955 there was an expansion of net debt by $345 billion, accompanied by great apparent prosperity. I don't like it, but there appears no alternative but expansion of debt to stop the current slide."
The speaker said government action to ease further down payments, interest charges and repayment terms on housing would be one means of increasing business activity without affecting the federal debt.
"the ending of the excess profits tax is actually deflationary in many instances because affected corporations may now decrease many expenditures that once cost them only 25 cents on the dollar."
Tax Cut Bill Gets Ike's OK
Washington—(U.P.)—President Eisenhower today signed a bill slashing excise taxes a billion dollars a year, to become effective tomorrow.
The size of the cuts in dollars and cents will depend on the price of the product and the extent of the tax cut. The present federal excise (sales) tax on jewelry, furs, cosmetics, luggage and handbags will be cut from 20 to 10 per cent.
Admission tickets costing more than 50 cents will be taxed at 10 per cent, instead of the present 20. Admission tickets costing 50 cents or less won't be taxed at all.
Long distance telephone charges will be taxed at 10 per cent instead of 25, and local charges at 10 per cent instead of the present 15. Home appliances will be taxed at five per cent instead of the present 10.
Taxes on liquor, beer, wines, gasoline, automobiles and cigarettes will remain at their present rates. These also had been scheduled to be reduced tomorrow, but they will remain as is for another year.
Mr. Eisenhower had asked for continuation of these rates, but he did not ask for the cuts. Congress approved over the President's objections.
The entry list for the Texas rellays pushed toward the 1,200 mark today, posing a threat to more than a dozen records in the track and field carnival.
KU 'Hams' Reach Every Continent
By RON GRANDON
Station W0AHW, the official University "ham" radio club, has reached every continent in the world with its 300 watt transmitter.
They have acknowledgement*
cards to prove it, and according to club president George Frye, engineering senior, "hams"-amateur radio operators—get a kick out of comparing acknowledged cards.
These acknowledgement cards are procured like this. If one ham in any locality makes contact using his home-made or commercial set with any ham somewhere else in the world, the two usually ask to exchange cards by mail. And these cards take some weird forms. About the only thing that is readable to exclusively-English-speaking people is the call letters on some of the foreign cards. Fortunately, these call-letters are always in our alphabet.
A look at the map on which the University hams have posted pins showing some of the farthest stations which they have reached, shows pins stuck in such countries as Argentina, England, France, New Zealand. Australia, and Italy—to mention only a few.
The club has apparently made frequent contact with some of the localities, with four pins sticking out of England, five in Canada, four in Australia, three in Italy, and even two in the Ukraine region of Russia.
The 300 watt transmitter has pierced the Iron Curtain to some satellite countries such as Hungary since the beginning of the Cold War, but all of the Russian pins were stuck in the map before the drop of the Iron Curtain.
An international code of 'Q'' signals ensures that one ham will understand another regardless of the language barrier. Of course, this keeps most of the international conversations to a pretty primitive level. But there are variations in the largely informal set of signals.
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A healthy "QRK" coming through the earphones of the ham, asks him how the sender is coming through. In case the ham drops his cigarette while receiving a signal, he can quickly tap or call a "QRS" which means to please send the signals a little slower.
If a radio ham is called to dinner near the end of a conversation, (because it wouldn't do any good to call him, anyway, in the middle of one) he might sign off with, "Well, old man, gotta 'QRT' for dinner."
If the hams want to send acknowledgement cards in the case of a contest or just to get a little proof, they ask each other to "OSL."
"Once, when I was talking to a ham in Australia," Frye said. "I received a very erratic code right in the middle of a conversation. The Aussie finally came through with 'Very sorry, old man, was eating an orange, and fingers stuck to the sender.'"
The Australians always sign off with a "Best regards and cheerio," Frye said, "but we very seldom get a cheerio out of England."
Short-distance contacts are a vital part of any "function" the ham performs, too. Frye said.
This short-range function was demonstrated repeatedly in the Lawrence flood of 1951. One of the lesser accomplishments of the University hams in the flood was to keep trucks carrying sandbags to the Kaw river dikes informed where to go and when to go.
The club fills a spot in the emergency preparations of the Red Cross and Civil Defense, too. The club might be called upon to furnish communication to a phone-less city. In previous emergencies, such as the flood, the club has kept a man at the transmitter 24 hours at a stretch.
Using the set as club members this semester are Robert Campbell and Paul Peters, engineering freshmen, John Hengen Jr., engineering junior, and Bob Piper, college freshman.
Club members can use the organization transmitter any time they feel the bug. Most of the club members say that the University doesn't allow them enough time to use it, though.
When asked what were the most important things to a ham, president Frey said. "His radio crystal and his Federal Communications Commission license."
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Dr. Carpenter Had Early Interest in Archaeology
Discoveries of lost statues in the Parthenon and an unknown sculptor's identity are among the accomplishments of Dr. Theys Carpenter, a professor of classical archaeology at Bryn Mawr college. Bryn Mawr, Pa.
By AMY DeYONG
Last night's Humanities lecturer.
Official Bulletin
TODAY
Student Religious council: 4 p.m. room
vibers to discuss. Religious Emphasis
visitors to discuss. Religious Emphasis
Pre-Nursing club. 4. p.m., room 8.
Fraser.
Kaku actives special meeting. *i p a m i*
Activities lounge, Student Unign.
Pam. Players and candidates, 7:30
Radio, R.P.-recording studio, Green hall,
Broadway.
UVO. 7:30 p.m. Jayhawk room, Student Union.
Jay Jones pledging ceremony, 5 p.m.
Pine room, Student Union
Record Dance, 8-11 p.m., Entertainment at 8:45 p.m. Martin Trail Trail
TOMORROW
Der deutsche Verein does not meet
the requirements because of the reception
Wednesday.
AWS House of Representatives meeting, 4 p.m., Student Union.
YWCA all membership meeting, 306
members. Report from
Conference, centennial skirt
Debaters Win Regional Crown
A KU debate team won first place in the regional elimination tournament at Midland college, Fremont, Neb., and has qualified for the West Point national debate tournament to be held April 21-24.
The winning team consists of William Arnold, college junior, and Hubert Bell, college junior, who won five rounds and lost none at the regional tournament. They won over teams from nine midwestern states that were competing for the hoonr of qualifying for the national meet.
Arnold and Bell will represent this district at West Point and will compete with 32 other teams in the United States.
Denver university placed second in the debate, Wisconsin State college placed third, and South Dakota State college and Nebraska Wesleyan tied for fourth place.
The Kansan can be a Daily Letter!
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who was born in Contuit, Mass., said "reading and being interested in Greece, Egypt, and the old civilizations" roused his interest in archaeology in those areas. A classical archaeologist is mainly interested in the Mediterranean field, he explained.
Dr. Carpenter said Greek sculpture is one of his favorite studies. He told of finding an inscription bearing the name of the sculptor of "The Seated Boxer," a statue in the National museum at Rome. The archaeologist said he was looking for the name on the bronze statue, the artist of which had long remained unidentified.
On a strap of the "Boxer's" glove, almost illegible after years of wear, Dr. Carpenter found what he was searching for. In 1929, he discovered some of the lost statues of the Parthenon in the famous ruins.
Having earned a Rhodes scholarship, the archaeologist studied Greek and ancient philosophy at Oxford university from 1908 to 1911. In Greece, he studied for a year at the American School of Classical Studies in Athens and has remained with that school for 40 years.
Dr. Carpenter spent one winter looking for traces of old Greek colonization and trade with Spain, which he considered a possibility because of records that the Greeks had reached the Straits of Gibraltar in 620 B.C. He published his findings in 1924 under the title, "The Greeks in Spain." His description of the archaeology of ancient Spain appears in "The Encyclopedia Britannica."
Although he has been teaching at Bryn Mawr since 1913, Dr. Carpenter has spent leaves of absence studying in Athens and Rome, where he is affiliated with the Classical School of the American Academy. He has visited Egypt and most of the Mediterranean countries.
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1021 Mass. Tel-666
WE ARE YOUR TRAVEL AGENTS FOR:
- Steamship Lines
- Conducted Tours — Domestic and Foreign
* Air Lines — Domestic and Foreign
Fares from K.C
Via Air Round Trip, tax included
Denver $ 82.46
Nashville $104.65
Salt Lake $143.75
Memphis $ 55.09
Toronto $118.22
See Your Local Travel Agent at
The First National Bank of Lawrence
TRAVEL AGENCY
Miss Rose Giesemann, Manager
Miss Rose Giesemann, Manager 8th & Mass. St. Telephone 30