University DAILY KANSAN
Monday, November 4, 1946
STUDENT NEWSPAPER OF THE UNIVERSITY OF KANSAS
44th Year No. 30
Lawrence Kansas
Lawrence, Kansas
Jayhawkers Trip Favored Aggies In Close Game
Local rumors of dissension among members of the K.U. football squad were dispelled Saturday as the revitalized Jayhawkers displayed a fighting spirit and a smooth-working offensive to squeeze past Oklahoma A. and M. 14 to 13.
Two first quarter touchdowns by Captain Ray Evans with the extra points added by Don Fambrough
SMALL
and brilliant play by a charging forward wall provided 20,000 fans with an afternoon of first-class football and a Jayhawk warning to Big Six schools that they are back in the midst of the conference race.
BAKER
After losing to Nebraska 14 to 16 two weeks ago and taking a 56 to 0 shellacking from Tulsa, the Jay-hawkers were listed as 14 to 20 point underdogs for the Aggie clash. Rumors were heard that the team was disorganized and that certain players had quit the squad because of dissension.
- Practice sessions last week gave evidence of the beginning of an organization which produced results in Memorial stadium Saturday.
A blocked placement in the final minute of play by Marvin Small sophomore end, dashed the hopes of the Cownokes to tie the score.
Dave Schmidt, 165-pound All- Conference end, stopped Bob Fenimore's running attack repeatedly and was partly responsible for the way Evans dominated the heralded duel with the blond All-American speedster.
Two K.U. students were left cold by the Jayhawk victory over the Oklahoma Aggies Saturday.
With Lynne McNutt working from the quarterback slot, Evans did plenty on his own hook from his regular left half position. He drove over for the first touchdown from the 1-yard line and intercepted a deflected Aggie pass to set up the second score. He went over for the
A Rash Bet,
A Big Splash,
And Then 'Brrr
That "cold" feeling was due to thoughts of the frigid waters of Potter lake. Just a few minutes before the game, they promised "if K.U. wins today, we go swimming in Potter lake."
second Kansas tally on a 24-yard reverse around the Cowpokes' right end.
FAMBROUGH
Joe Crawford, right guard, blocked a Fenimore punt in the first five minutes, and Schmidt fell on the ball on the Aggie 4-yard line. Evans drove into the end zone on third down to register the first score Fambrough kicked the extra point.
SCHMIDT
"mimore was nailed in his tracks on the kickoff and Bob Meinert, Aggie fullback, was thrown for a two-yard loss by Crawford. Then Fenimore faded back for a pass which ended in Evans' hands on the A. & M. 19.
Kansas was penalized for too much (continued to page eight)
Accordingly, at 5:30 Saturday afternoon, the two, William Hatch, Fine Arts freshman, and Derrold Wiley, College freshman, left their comfortable home at 615 Louisiana and journeyed to the lake. There they were grabbed by buddies, swung three times in the air and "Splash!"
Their only printable comment while being bundled in blankets and towels and hustled to a waiting car was "Brrrrr!"
W.S.S.F. Drive Begins Tonight
The World Student Service fund drive will begin officially with a kickoff rally in Hoch auditorium at 7 tonight. About 800 captains and co-workers will receive instructions in soliciting for the campaign.
Speakers will explain the campaign to organized houses at dinner meetings Tuesday, Wednesday, and Thursday. The drive will end with an auction and dance after the pep rally Friday night in the Military Science building.
Ned Linegar, executive secretary of the Y.M.C.A., is treasurer of the drive. Contributions will be turned in to his office daily.
A billboard with a covered wagon symbolizing new frontiers has been set up in Fowler grove to indicate the progress of the drive. The slogan for the drive is "$5,000 or Bust."
"Most of the amount which is given to the Lawrence Community Chest fund returns to the campus in the form of support to the Y.M.-C.A., W.Y.C.A. and other University organizations," according to Mrs. Christine Alford, executive secretary of the Y.W.C.A.
Half of the amount raised goes to the Lawrence fund.
Students in charge of the drive are:
Planning committee — Meredith Heinshon, Keith Congdon, Sarah Houck, Barbara Haffner, Burk Chase and Dale Judy; Solicitation committee—LuAn Lane, Jerry Ewers, Marjorie Vogel, Shirley Wellborn, William Robinson, Robert Franklin, Hild. James and Philip Persky.
Publicit…Daniel Kreamer, Eileen O'Connor, Franklin Miller, and Donald Pomeroy: Auction—Barbara Haffner and Keith Wilson; Booths—Alberta Cornwell; Speakers—Laura Schmid; Rally—George Johnson and Ralph Michener; Dance—Larry McSpadden, Marilyn Whiteford and Norma Kennedy; Auditing—Carroll McCue; Files-Virginia Williams and Darlow Coertzen.
Norman Plummer, geological survey ceramist, has been hospitalized at Ft. Smith, Ark, according to word received by his office here today.
Plummer In Hospital
Mr. Plummer was enroute to Lawrence from New Orleans, where he attended a meeting of the American structural clay institute.
WEATHER
Kansas—Mostly cloudy today with occasional light rain or drizzle in the southern third of the state becoming partly cloudy tonight and Tuesday. A little warmer Tuesday in the west and north. Low tonight 25 to 30 in extreme northwest to mid-40's in the extreme southeast.
State Bankers Association Protests Daily Kansan Story On Finance Study
Quill Club Tryout Deadline Extended To Nov. 15
The deadline for tryout manuscripts submitted to Quill club will be extended to Nov. 15, Prof. John E. Hankins, club sponsor, announced today.
The original deadline was Friday. Creative writing manuscripts may be submitted to 203 Fraser hall. Either prose or poetry is acceptable.
Campus Drama Is Near Sell-Out
Advanced ticket sales for "Begar on Horseback," drama department play, approached the sell-out level today with less than 150 first-night tickets remaining unsold by noon.
The play will start its regular four night run at 8:15 tonight in Fraser hall. Tickets for this performance may be purchased as late as 4 p.m. in the ticket office in the basement of Green hall.
Reserved seats may also be picked up by holders of activity tickets. Students are cautioned by the ticket office not to tear out their play tickets, because they will need them for dramatic performances later in the year.
The play will utilize the new Fraser hall revolving stage for the first time, accomplishing changes of scene in no more than a few seconds. During all of the 23 scene changes, the dialogue will continue.
The audience must be in their seats before the curtain time, Prof. Allen Crafton, head of the department of speech and drama, said today, because there will be no break in the play's continuity until the intermission at the halfway mark.
Charles E. McArthur, jr., college sophomore from Kansas City, Mo., will play the leading role.
Financiers 'Resent Interpretation of Figures' In Pritchard Report, Group President Says
The Kansas Bankers association, through a statement by its president, today protested a Daily Kansan news story, printed Thursday, on a study of state banks by Prof. Leland J. Pritchard.
No group has made a stronger effort to sell government bonds to individuals and corporations, he said, and for banks to have done other than to buy war bonds "would have been to strike against America."
R. N. Downie, Garden City, president of the state bankers, replied today that while he has not yet had time to read the entire report, nothing new has been disclosed by the statistical portion of Professor Pritchard's study, and that state bankers resent the interpretation of the research figures.
Written by Bill Haage, managing editor of the student newspaper, the article reported that the K.U. finance professor's study indicated that the commercial banks of Kansas and the $\textcircled{4}$
nation had made large profits from wartime financing of government bond sales.
It also reported that Professor Pritchard had learned that banks since 1939 have "contributed to the rise in prices, increased the difficulties of price controls, and raised the national debt higher than it otherwise would have been."
Mr. Downie's complete statement, printed unchanged, is as follows:
There appeared in the University Daily Kansan, student newspaper of the University of Kansas, issue of Thursday, October 31, 1946, a news story headed "U. S. Banks Helped Cause Inflation." This appeared under a byline of the managing editor and was printed following the distribution of a report by L. J. Pritchard, Associate Professor of Finance, University of Kansas, and titled "Kansas Banking During the War Economy Period 1939-1945." The statements made in this article and credited to Professor Pritchard
By Bibler
Little Man On Campus
"Oh, he's a veteran, trying to live on 65 a month."
are quite naturally resented by every banker in Kansas.
Nothing factually new has been disclosed by the statistical portion of the study by Professor Pritchard, as described in the Daily Kansan. Doubtless he has compiled interesting figures.
The interpretation of those figures, as reported in the student newspaper, is the thing that is resented by every banker in Kansas and should be a matter of chagrin to the Bureau of Business Research of the University of Kansas. Professor Pritchard's criticisms, as reported in the story, strike at the whole American economic system, of which the banks are only a part and in some respects a victim. He would, apparently, redesign America's banking system and with it, perforce, the American system of private enterprise.
I am sorry I have not had time, as yet, to read the full (86-page) report but I have no doubt the figures contained therein are correct. The bank operating figures have been published for many years and are available to anyone who cares to study them. Our resentment is against Professor Pritchard's interpretation of the figures, as disclosed in the story. The facts are, no group has more strongly urged economy and budget balancing than the bankers of Kansas. No group has made a stronger effort to sell government bonds to individuals and corporations. Banks bought bonds as their patriotic duty to supply funds for which there was no other source available. To have done otherwise would have been to strike against America.
The bulk of the securities which were directly offered to the banks by the Treasury were low-yield treasury bills and certificates of indebtedness especially designed for offering to banks, and which the government issued for its temporary financing needs during the war. The yield on the certificates is seven-eighths of one percent, and on the treasury bills is even less.
From the beginning of the war bankers repeatedly urged that a much greater proportion of the cost of war be financed by taxation with a resulting decrease in the amount of bonds to be purchased by banks. For various reasons, doubtless political, our government did not see fit to follow this policy as recommended by bankers and others.
The banks became stalwart supporters of the Treasury in the distribution of war bonds to individuals. Practically every bank in the country was an issuing agent and willingly incurred substantial costs in making every effort to place as much of the government debt as possible with individuals.
Banks in Kansas, and throughout America, have been and are taking care of the credit needs of the people. They have made all sound loans presented to them in contrast to Mr. Pritchard's implication that banks no longer are risking their own good credit to back private enterprises. According to the figures in the Pritchard report the banks of Kansas loaned more funds to the people of Kansas in 1945 than they loaned in 1939—16 million more, in fact. Further 75.6 percent of the 142 thousand farmers in Kansas borrowed from
(continued to page eight)