University Daily Kansas Thursday, Feb. 18, 1960
Prof. Calls for Use Of State Surpluses
Leland J. Pritchard, professor of economics, said today that "if the state's surplus revenue is not used for education it should be used for something else.
"The accumulation of state revenue in commercial banks is not only a deficit to the economy of Kansas, but it is also a deficit to the economy of the United States.
"As long as savings are held in a monetary form they are lost to use." Prof. Pritchard said. The state money which is placed in commercial banks does not find its way into investments, he declared.
Can Spend or Save
"For example an individual receives a pay check," Prof. Prittard said. "He has two choices. He can spend the money or he can save it."
"The question is, what can he do with the savings? Does it or does it not make a contribution to the national product? It does not." he said.
The same is true of the state's savings, he said. The commercial banks pay only one half of one per cent interest on state revenue, Prof. Pritchard declared. If the money were invested in capitalistic enterprises, it would not only promote the economy of the state, but it would bring a greater return for
Official Bulletin
Items for the Official Bulletin must be brought to the public relations office, 222 Strong, before 9:30 a.m. on the day of publication. Do not bring Bulletin to the Daily Kansan. Notices should include name, place, date, and time of function.
Deadline for Fall, 1960, scholarships.
March 1: Aids and Awards, Office, 222
Hall.
Tomorrow is the deadline for turning in London. It is on Friday, the Dean of Stuart's office, 228 Strong.
TODAY
Brum Kunz, well-known rocket expe-
pert, will address a joint dinner meet
of Phi Delta Kappa and Pi Lambda
Theta at 6 p.m. in the Union.
Class of '60 Executive Board Meeting.
7. 00 p.m. Parlor C, Union.
KU KU Club. Jayhawk pictures at 7:
Uniforms required. Meeting to follow.
Conversation & Coffee. 7:30 p.m. 311
Ferguson Institute & Architecture by
Benjamin Feagin
William Scaman Michigan State U. Pittsburgh Cread Room, University Wandering Stones
Sigma Xi — Kansas Chapter, 7:30 p.m.
Dr. Lawrence Peters, Chairman, Pharma-
ranch, University of Kansas School of
Medicine and University of Tubular
Transport of Organic Bases."
Newcomer's Club. 8 p.m. Museum
Lodge Patty Miner will speak on hair
and beauty.
Episcopal Evening Prayer. 9:30 p.m.
Danforth, Chapel.
TOMORROW
J. H. McIntyre of Texaco, Inc., will interview for positions for nationals of Colombia and Venezuela interested in employment in their own country after graduation. Students graduating in 1960 or 1961 with Bachelor's or Master's degree in any of the following fields: Engineering (Petroleum, Civil, Electrical or Mechanical) or Geology or Geophysics; Business Administration or Economics; Acupuncturist in 2025.Semestered.
J. W. Court of Fairbanks, Morse & Company will interview for positions in systems and procedures, budget, travel, marketing and sales analysis in 202 Sumperfield.
C. Fred Colvin (Secondary and Elementary) from Wichita, Kansas, will interview in Teachers Appointment Bureau, 117 Bailey.
Newman Club Daily Mass. 6:30 am St. John's Church.
Epispecial Morning Prayer. 6:45 a.m.
and Holy Communion. 00 a.m.
with, by
Holy Communion. 00 a.m.
Kenneth A. Kirkpatrick, Director of the College Program of the American Friends Service Committee, will be on the KU campus, to explain the nature of work projects for the project he will be in Room 306c of the front from 4 to 5.30 p.m. to meet and talk with all students who are interested. Many of those who participate in these projects interests; the activities provide opportunities for varied and enriching experiences.
Quality Watch Repair Immediate Service DANIELS
914 Mass. Ph.VI 3-2572
the government than it now does, he said.
HOT DONUTS 8-12
JOE'S BAKERY
412 W. 9th, VI 3-4720
Vague on Economy
"The reason that we have time deposits is because the legislature does not know very much about economics," he said. "They think that commercial banks loan out savings, but they do not." he said.
"If politicians and bankers would pay a little attention to the economists, they could make more money and be more of a benefit to the nation at the same time."
Prof. Pritchard refused to say that building a new engineering building for the University of Kansas would be economically beneficial to the state. "That is a personal political problem," he said.
Walter Starkie, long-time resident of Spain and visiting professor of Romance languages, will answer this question at the Current Events Forum at 4 p.m. Friday in the Reading and Browsing room of the Kansas Union.
Are there clouds in sunny Spain?
Starkie to Tell About Sunny Spain
Drug Firm Hosts Students
ROTC Major Not Told About 'Mess' Manual
Twenty-seven University of Kansas pharmacy students and their faculty adviser, Dr. Duane Wenzel, professor of pharmacy, are guests of Eli Lily and Company in Indianapolis this week.
The group, which also included eight student wives, left Tuesday night and will return Saturday. The trip is an all-expense-paid tour of the Lilly manufacturing plant.
The KU Air Force ROTC has received no information concerning the publication called "Open Mess Operating Manual," said Maj. Eliory Watson, associate professor of aeronautical science.
Nor is there any use of an Air Force manual linking communism to U. S. churches.
The manual instructs airmen on how to stage fashion shows, round-up dates for bachelors, mix drinks and give lollipops to officers' children.
Clarke Keys, former Air Force officer and instructor in the School of Journalism, said "I think the problem of airmen being asked to do such jobs more likely would vary from base to base, or from command to command.
"I certainly didn't see much evidence of such requests."
Another Air Force manual made public yesterday stirred up a storm of protest by linking some U.S. churches with communism and questioning the public's right to know certain information.
Lt. James Murphy of the Air Force Information Services Office, Forbes Air Force Base, Topeka, said, "We don't have the manual referred to on this base.
Cadet Capt. William Godfrey, Valley Stream, LI., New York senior, Air Force ROTC, said, "I am confident that any publication set forth by higher echelons would not possibly further the communist cause, and any interpretation of these publications which would indicate such is definitely mistaken."
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