Crash of '29 effects delayed in Midwest
Staff Reporter
By KATE POUND
Tick. Tick. Tick. The ticker tape machines tapped out the final messages for Oct. 19, 2015. Tick, good.
Across the country, stock brokers, bankers and speculators watched, witnesses to the death of the Roaring Twenties and the birth of an ugly legacy: the Great Depression.
Halfway across the country, students and professors on Mount Ouachita, unaware of the panic on New York's Wall Street, hurried home from classes. In 1929, revealed a normal day on campus. The big news was an accusation made by the Iowa State University football coach that KU paid its players. Iowa State lost its bid for the national title.
The stock market was far away from most KU students and faculty, Ruhe McNair, professor emeritus of biology, said recently. Few people at the university had the money to spend on the market, she said.
"I DIDN'T HAVE enough money to worry about the stock market. That was only for the rich in the country."
According to Donald McCoy, professor of history, the full effect of the market crash did not hit the banks.
Investors and industry were the hardest hit by the crash, McCoy said, and except for Chicago, there was no impact.
"Some people became nervous, but it wasn't until well after the 1928 Christmas sales rush that any consumer could go about buying."
It was different on the East Coast. The panic on Wall Street climaxed on Oct. 29, but had actually come from a relatively small amount daily account of slumping stock prices. The decline was slow at first, picked up momentum, then slowed again. By the middle of October, the Times reported that the investment projects and predicting a boom year in 1930.
The 1920s HAD been boom years on the market; speculation became easy, a quick way to make money. Middle income earners bought stocks on the margin, that is, on a system that often paying as much as they would on an investment
By 1929, there were more than 9 million stockholders in America and brokers, politicians and industrialists were encouraging wage earners to buy into the market.
Early in the decade, speculation fever had hit. The post World War I economic boom had suddenly made Americans consumers instead of simply producers, who were now more engaged with each other, Gabrath; Growing industries needed more capital*
investments and Americans, with more money than ever to spend, willingly deposited their savings into banks.
TO THE CASAL stock market watcher, there was no end in sight to easy money. But economists and investment bankers have agreed according to Galbraith. Credit was too easy to obtain; far too many of the stocks purchased during the crisis were illiquid.
Fortunes were being made of paper. Emberzels, knowing that speculation fever made people reckless, said phony stocks or stocks they didn’t own. The speculator known the crash was coming, Glarath said.
Even President Herbert Hover knew, McCoy said. "Hoover was aware of the situation. He tried to help but he couldn't do it alone. He wasn't able to tie the country together on a policy." McCoy said.
RUNNING ALMOST pell-mell, the market enteres, the fall of 1928. When the market slumped in September, several large investment firms combined efforts to combat it. Charles E. Mitchell, president of New York's National City Bank, Amadeo Peter Giammig, president of the Bank of America and Morgan not many times. According to McCooy, their efforts only delayed the inevitable crash.
On Oct. 24, Black Thursday, the New York Times headline read, “Prices of Stocks Crash in Heavy Liquidation, Total Drop of Billions” Stockholders were shocked that their stocks had fallen at once. Speculation fever had developed into fear and fear was infectious, Galbraith said. More than a million people were upset. The money was more than $4 billion, according to the Times.
ON FRIDAY, OCT. 25, the headlines were more announced, and conditions were announced, and conditions were announced, but the crowds formed early Friday morning outside the Stock Exchange Building. They went away assured
The weekend was peaceful. Investment companies kept their offices open on Saturday and Sunday, trying to clear the mounds of paperwork. Few changes occurred in the situation on Monday.
Wall Street stood silent, a massive, hushed ruin.
Tuesday morning, Oct. 29, was different. Selling new tapes, then surged into a frank, unstoppable, downside. The time the ticker tape machine signed with on Monday had been less than $1 billion. Total loss was more than $10 billion.
"NONE OF THE experts forewax how bad it would get." McCoy said.
THE UNIVERSITY DAILY
Slowly, the force of the crash hit industry. Facility upgrades and credit were tight. By 1982, more than 15 million employable Americans were jobsless, Galbrath wrote in 1984. Prices dropped, but even at new lows one no longer wanted.
the plight of Midwestern farmers added to the morbous woes. At the beginning, overproduction
KANSAN
The University of Kansas—Lawrence, Kansas
10 cents off campus
free on campus
Vol. 90, No. 46
Mondav. October 29.1979
Yankees fire Billy Martin
See story page six
KCCR to investigate clubs
The director, Michael L. Bailey, said the KCIR had to complete an investigation and begin a plan to could begin its investigation of the clubs, Shenamacans, 901 Missouri St., and New Orleans.
The director of the Kansas Commission on Civil Rights said yesterday that a KCCR investigation of alleged discriminatory practices in public clubs would begin "relatively shortly."
He said the commission's decision was based on information obtained from news media reports of allegedly discriminatory practices in distributing membership applications.
Earlier this fall, local and area media, including the University Daily Kansan, conducted inquiries into inconsistencies in the clubs' membership policies.
Bailey said a civil rights specialist would
the commission can vote to enter a complaint on its own behalf or conduct an investigation without one. Bailey said.
Bailey said he hoped the officials of the clubs would voluntarily give information requested by the investigator.
The seven-member commission voted unanimously. Thursday night, the committee
"If it's relevant, the investigator might interview parties employed there or patrons of the clubs," he said.
"But we do have subpoena power if it is needed," he said.
He said that if the investigation revealed that membership policies at the clubs were discriminatory, a cease-and-desist order would be issued to club officials.
Steve Comeau, manager of Bullwinkle's.
Still kicking
Several former members of the KU pompier squad ride atop a Homecoming float during Friday afternoon's parade. Thirty men in suits and trousers compete for the headlight.
post girl reunion. About 26 of the women, some now in the field at half-time of the Homecoming football game, were from Iowa.
Debate team claims fan in national tournament
Staff Reporter
By HAROLD CAMPBELL
The KU debate team, it seems, has quietly become a national power during the past decade.
Among university debate teams nationwide, KU has one of the better debate programs in the nation, Donn Parson, KU director of forests and head debate coach,
"The 1970s have been called the 'decade of KU' by other university debate teams because of KU's consistent success in debate." Parson said.
Parson said KU had won the national debate championship in 1970 and 1976, and KU teams had been third in 1970, 1971, 1973. KU teams also were also first in 1972, 1974 and 1978.
He also said 37 KU debate teams had been invited to the past 33 national tournments, a record unmatched by any other university in the nation.
Two KU debate teams were invited to the national championship tournament in 1970, Parson said.
A TEAM CONSISTS of two persons, Parson said. He said there were 16 debate teams.
Parson attributed KU's success to the debaters' desire to work, desire to argue and ability of expression.
One KU debater, Paul Johnson, Dennis, one senior said each debater kept them quiet. The file the drawers are filled with information on subjects taken from magazines, books or videos.
he said, however, that debate was not only an exercise in research, but that it also emphasized the ability to quote authors to make arguments more convincing.
"It takes a lot to be a debater," he said.
"It is not easy."
He said a number of the cards were quotes from different authors.
KEVIN WILSON, Austin, Texas, senior, said the research involved in debate was like an "on-going term paper."
THE SUCCESSFUL record in debate, Parson said, has given KU's debate program a good reputation even among high schools outside Kanpaas.
"You don't prepare for just one debate tournament at a time," he said. "It is necessary to keep researching day after day to come up with new information."
He said he spent about 20 hours a week outside of classes doing research for debates.
He also said he went to about 10 debate tournaments a year. That, he said, often made him absent from Friday and Monday classes.
Zac Grant, Jolin, Mohr, sophomore, research required in debating helped him to organize his thoughts and write better papers for classes.
HOWEVER, Johnson said he enjoyed the work because he enjoyed competition at tournaments and meeting new people there.
Debaters also said participating in debate helped their class work and would help in their future jobs.
Wilson said debating helped him in preparing for law school.
Johnson said the KU debate program had been "highly recommended" to him in high school because his debate teacher was impressed with KU's record.
"You try to make your schedule so you don't have classes on Monday, Wednesday and Friday," he said.
Debating helps you to develop skills in analyzing problems," he said. "In debate, you must be able to look at both sides of a question intelligently."
"My debate teacher told me outstanding academic and reputation, so I decided Johnson said. Grant also萨KU because of the deference as one of the programs.
**WITOLD TWORK IS**
to presuppose
competence in
combat.
"We need the competition
teams to get ready for the
battle."
at the University of Arizona. Despite increasing commitments, he said KU's data looked encouraged because he had always been careful. But he said he was not so financial support.
The top 60 debate teams teams from U.S. colleges are chosen for the national college championship throughout the United States
Parson also said KU has good reputation in debate by against weaker opponents.
The teams are selected of their performance in the deb. The debate season lasts through March.
This year's national chain
"I think our reputation attackers defenders," he said. He needed additional funding if he wanted to come to conference tournaments."
He said the team receive Senate to use for transport two meals a day at a tour shop costs at a 1973 level.
in exercises done at various speeds to determine whether the muscle are predominantly 'slow-twitch' or 'fast-twitch' (for strength and quickness). This information can then be applied to training positions. I mentioned, for example, are better served by a high percentage of explosive power at the snatch.
Using the Cybes in conjunction with aids and cardiovascular传感 coaches can "screen" entire players. The profile player profile shows which team
positions are weak and which players need special conditioning or new slots.
A related benefit of screening up the chance to forestall likely injuries. The Cbex tests indicate muscle weaknesses, and coaches and playmasters are in position to build strength in the weak areas before they overtested.
S PORTS science research indicates that the most important factor in an athlete's success is the body that achieves
According to Ogilvie's findings, football players are generally more
ical traits can also affect performance.
Dr. Bruce Ogilive, a pioneer in clinical sports psychology at San Jose State University, says top professionals share common personal traits. trade skills and sports psychology field since 1954. Ogilive has conducted extensive research with football programs at Stanford University, the U.S. Air Force Academy, and San Diego University as pro teams and Olympic teams.
STEP RIGHT UP! TEST YOUR STRENGTH!
HAVE YOU GOT WHAT IT TAKES!
BY TIM SMIGHT
It was the first day of football practice, and the coach stood surveying the crop of candidates for the ninth-grade team.
"You're too skinny, son," he said when he spotted me standing among the quarkbacks and relied on his strength to have basketball or cross-country."
He was right, of course. I weighed about 130 pounds then. But I was eager for the status and glory of the gridiron.
"I can throw and catch," I said.
"Can't I give it a try?"
Smight tests his leg strength on the Hydra-Gym
"Okay, son," said the coach. "let's see how you take him." He talked of whom were busy bucking each other down, without any
"I want to hear bites crunching over their" telsley the coach told us. "I know you are in menem over and looked at me." "Which way are those basket-holders?"
A dozen years have gone by since then, and the only giordan frisson Ive tasted has come in my room. He's a football games on the beach. But Ive always wondered if, given an intensive body-building program, I might at last have been able to play in the Rose Bowl. Perhaps the refined and sophisticated physical screening done by teams today would reveal hidden potentions, as a coach's glance couldn't spot.
and suitability for different positions.
Dr. Donald Mitchell, an orthopedic surgeon and medical direc-tors of the Sports Treatment and Pain Fort Sanders Hospital in Knoxville, Tennessee, has devised such screening programs for several sports organizations, varying variations of which are used by many college and pro teams, involves a series of tests and exercises, minimizes player's strengths, wears equipment.
to see what this process is like and to learn my football skill, I had the ball screening at the STAR Center. The session took about two hours, beginning with height and weight measurements was evaluated, and my percentage of body fat was calculated on skin measurements of the skin.
Several grunting tests on the XC2 II machine followed. As went through several leg exercise tests on the XC2, electronically graphed the muscles of my legs and ankles; the data would also determine my muscle-liberal type. After this I was tested for gross upper limb strength with a Hydra-Gym, a kind of hydraulic machine. Arm-leg, and ankle-flexibility tests were next, all involving stretching exercises, and my grip strength was measured as a special gripping instrument.
Next came an agility and coordination test, similar to the tire drums used by football teams (exercise tires) and basketball hoops (screened holes). The screening ended
4 SPORTS BULLETIN
with a cardiovascular endurance test, which consisted of running up and down steps for three minutes. The pulse rate measure afterwards.
The next morning, Dr. Mitchell evaluated the results and gave me a report. My height and weight were rated excellent for my age build. Percentage of body fat (15 percent) was also rated excellent, cardiovascular condition and physical ability was good everywhere but my himstails and heel cords. My endurance was good, and I had a predominantly *slow-wait* endurance during my himstails endurance over strength.
The bad news was in the area of strength. My maximum bench-power from a raised-arm position was only 125 lbs. from a lowered-arm position. Both were low compared to the average football player's, as was my leg and ankle strength except when strong due to burnin
"What sports would be best for me?" I asked the physical therapist who had screened me.
“Well, things like running and basketball,” she said. I was enraged by feelings of déjà vu. But Mr. Hammond acknowledged at the bottom of the report.
"Not a good football prospect because of body build and strength," Dr. Michelle's report "Primarily to endurance-type activities."
"Recommendation of football safety, wide receiver, or quarterback in a team sport," the report was a program of weight lifting and flexibility exercises.
Let's see. I've still got four years of college football eligibility left. If I start the weight program I should be about 30 pounds by September.
Tim Smight is a staff writer for 13-30 Corporation.
emotionally stable, extroverted,
nonverbal, and tolerant pain
than the plumping male popular
model who wants to set high
goals and be leaders.
The higher the abilities of the players Qoligive tested, the more dramatically these traits showed. For example, in a group of NLI-AllPros – the elite of the elite “Players of high ability showed an extraor-action and a need to use their skills to contest reality.” Qoligive says.
howlers, flankers and placeholders, perhaps the games'most entertaining, were less likely to show up with players at other positions. Ogilvie found them to somewhat overlap with skillet's "more like an artist" I said. Ogilvie termed with the act, the skill exceptional catch, the long field goal.
Quarterbacks and defense backs were found to have high abilities to communicate, to offensive and defensive signals, change game situations, and so on.
GILVIE noted that outstanding players often have a quality for which
even a profession of terms like psychology has a simple label—tough-minded. "The outstanding athlete," he says, "are able to self-delight and depression. I love them but a burner — it makes them bang."
Two of the most important traits for a football player are "a positive self-esteem" and an ability to understress. Ogilvie says. Dr. Murk's research, involving tests of athletes' endurance, and athletes at the Denver lab, also emphasizes the importance of handling stress as a crucial characteristic of athletes.
"The common attribute (taming top athletics)—regardless of person—was the ability to function in team play. In 2013, Coyle says. In essence, a star has the ability to kick a 45-yard goal not only in practice, but also with the ball in the Rose Bowl. Clen has hit 75 times in the athletics (including Olympic gold medal winner Dorothy Hamil) through "desensitization" training, the athlete to ignore crowd presence and concentrate on the task at hand.
Cleil, Ogniv, and other sports scientists aren't trying to create the baseball field they may help coaches and players in. They're searching for that extra competitive edge.
Mark F. Weber a long-distance runner and an reporter photographer for The Morning Call in Allentown, Pennsylvania.
1. A) 30%
B) 40%
C) 50%
D) 60%