Crash of '29 effects delayed in Midwest
By KATE POUND
Staff Reporter
Tick. Tick. Tick. The ticker tape machines tapped out their final messages for Oct. 19, 2020. 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 Denession.
Halfway across the country, students and professors on Mount Oread, 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 defeated Florida in this game.
The stock market was far away from most KU students and faculty, Ruth McNair, McNair professor 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
that was only for the rich in the
East. McNeal said.
According to Donald McCoy, professor of history,
the full effect of the market crash did not hit the
money supply.
Investors and industry were the hardest hit by the crash, M.CoY said and, except for Chicago, there was no further impact.
"Some people became nervous, but it wasn't until well after the 1922 Christmas sales rush that any of them really cared."
It was different on the East Coast. The panic on Wall Street climaxed on Oct. 29, but had actually begun Sept. 1. The New York Times carried an article in which a new report said decline was slow at first, picked up momentum, then slowed again. By the middle of October, the Times published investment proposals and predicting a boom year in 1930.
THE 1928 HAD been born years on the market; speculation became easy, a quick way to make money. Middle income earners bought stocks on the market in the early 1930s and less than a decade of it allowed the actual value of the bond.
By 1929, there were more than 9 million stockholders in America and brokers, politicians and industrials were encouraging wage earners to buy into the market.
Early in the decade, speculation fever had hit. The post World War I economy bomb had suddenly made Americans consumers instead of simply producers, who had been focused on labor and graibraht. Growing industry needed more capita!
investments and Americans, with more money than ever to spend, willingly deposited their savings into banks.
TO THE CASUAL stock market watcher, there was no end in sight to easy money. But economists and bankers have been criticized for 2012 according to Gabbathr. Credit was too easy to obtain; far too many of the stocks purchased during the recession were not worth buying.
Fortunes were being made of paper. Embezzlers, knowing that speculation fever made people reckless, sold phony stocks or stocks they didn't own. The experienced speculator knew the crash was coming.
Even President Herbert Hoover 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 get the country together on a policy," McCoy said.
RUNNING ALMOST pell-mill, the market entered the fall of 1929. 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 Giannini, president of the Bank of America and Robert Martin, president of Morgan met several times. According to McCoy, 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 are feeling the pressure at once. Speculation fever had developed into fear and Gauw was infectious, Galbraith said. More than half the stock market losses that year was more than $4 billion, according to the Times.
ON FRIDAY, OCT. 25, the headlines were more optimistic. The crash had been attened, the Time of Day change had occurred and the crowds formed early Friday morning outside the Stock Exchange Building. They went away assured that things would be fine.
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. 19, was different. Selling because break, the ticker ran up and down. It run according to the Times. By the time the ticket tape machines signed off with the company, the total loss had been sold. Total loss were more than $10 billion.
"NONE OF the experts forsaw how bad it would get," McCov said.
THE UNIVERSITY DAILY
The plight of Midwestern farmers added to the economic woes. At the beginning, overproduction
Slowly, the force of the crash hit industry. Factories and credit were tight. By 1932, more than 18 million employable Americans were jobsless, Galbraith wrote in 1945. Prices dropped, but even at a low noone in 1945.
KANSAN
The University of Kansas—Lawrence. Kansas
10 cents off campus
Vol. 90, No. 46
Yankees fire Billy Martin
free on campus
See story page six
Monday, October 29, 1979
Still kickina
Several former members of the KU pompon squad ride alpacar
a homecoming float during Friday afternoon's parade. Thirty
members of the KU pompon team were there.
pon girl reunion. About of the women, some move to the field halfway at the Homecoming football game. A few go home.
BARB K
Debate team claims far in national tournament
Staff Reporter
The KU debate team, it seems, has quietly become a national power during the past decade.
By HAROLD CAMPBELL
Among university debate teams nationwide, KU has one of the better debate programs in the nation, Donn Parson, KU. He studies compassion and heat debathe coach, said last week.
"The 1970 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 1978, and KU teams had been first in 1970, 1973, 1977 and last year. KU teams were also fifth finalist. KU teams were also fifth
He also said 37 KU debate teams had been invited to the past 33 national tournaments, 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.
Parson attributed KU's success to the debaters' desire to work, desire to argue and ability of expression.
A TEAM CONSISTS of two persons. Parson said. He said there were 16 debate teams.
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.
One KU debater, Paul Johnson, Denver junior, said debater kept 10 file copies of his research. The file the drawers are filled with information on subjects taken from magazines, books or journals.
"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."
He also said he went to about 10 debate tournaments a year. That, he said, often made him absent from Friday and Monday classes.
"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."
Zac Grant, Joopin, Lom, sophomore, said research required in debating helped him to organize his thoughts and write better papers for classes.
"You try to make your schedule so you don't have classes on Monday, Wednesday and Friday," he said.
He said he spent about 20 hours a week outside of classes doing research for debates.
THE SUCCESSFUL record in debate, Parson said, has given KU's debate program a good reputation even among high schools outside Kansas.
Debaters also said participating in debate helped their class work and would help in their future jobs.
HOWEVER, Johnson said he enjoyed the work because he enjoyed competition at tournaments and meeting new people there.
Johnson said the KU debate program had "highly recommended" to him in high school because his debate teacher was impressed with KU's record.
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."
Wilson said debating helped him in preparing for law school.
'My debate teacher told r outstanding academic and reputation, so I decided Johnson said. Grant also as KU because of the de fference as one of the programs.
at the university of Arizona. Despite increasing complements, he said KU's deft-looking encouraged because people involved with it was not as financial support.
Parson also said KU had good reputation in debate by against weaker opponents.
IT WOULDN'T WORK IS
compete against quality
we need the competition
teams to get ready for the
The top 60 debate teams from U.S. colleges are chosen for the national college debate tournament throughout the United States.
This year's national charm at the University of Arizona.
The director of the Kansas Commission on Civil Rights said yesterday that a KCRC investigation of alleged discriminatory practices in club clubs would begin "relatively shortly."
KCCR to investigate clubs
The teams are selected of their performance in the delt. The debate season lasts through March.
"I think our reputation attracts debaters," he said need additional funding if the team is to compete in tournaments."
The director, Michael I. Bailey, said the KCCR had to complete an investigation of Mr. Reilly and could begin its investigation of the clubs, Shenangans, *Mississippi St.*, and *New Orleans*.
He said the team receive Senate to use for transport two meals a day at a theatre costs at a 197.0 level.
The seven-member commission voted
immediately. Thursday night to conduct the
Earlier this fall, local and area media, including the University Daily Kansan, conducted inquiries into inconsistencies in the clubs' membership policies.
He said the commission's decision *we* based on information obtained from news media reports of alleged discriminatory distributing membership application forms.
the commission can vote to enter a complaint on its own behalf or conduct an investigation without one. Bailey said.
"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.
Bailey said he hoped the officials of the clubs would voluntarily give information requested by the investigator.
Bailey said a civil rights specialist would
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 Corneau, manager of Bullwinkle's.
WHAT MAKES THE GREAT ONES GREAT?
BY MARK F. WEBER
SPORTS science hasn't exactly put a biomanic on the college football field. But you can tell what it takes—physically and psychologically—to be a football success. And it may not be long before the place for hopefuls to be disciplined—the practice field but the laboration.
A sport like football requires different body types for different, specialized tasks. In its simplest form, players tie the big guys on the line and the fast guys in the backfield. But laboratory findings are helping pinpoint more precisely what body types need to work best for a particular slot.
Some of the pioneering work in this area is being done at the University of Denver, where he attends the University of Denver. Dr Marvin J. Clein, chairman of the university's physical education department, has allied computers with his expertise in kinesiology, the study of the force applied to muscles, helping to unravel the riddle of why one athlete might be stronger, than another.
Clinen's research, for example, shows that bowed legs are an asset for a running back. they provide a low center of gravity, giving a lower ability to "carry" (which would lead one to believe that Walt Garison, of Oklahoma State and later the Dallas Cowboys, did not harm his runnig game with his foot on the broncos on the rodecus).
Scientists, psychologists and sophisticated machines are helping coaches find players with that All-American edge.
Desirable traits in a quarterback, Clem find, include some that are obvious - a nall thrower can see the ball and pass it. He is clever, and some that are fairly subtle.
A quarterback with a long arm is apt to pass for greater distances, because his throwing motion will be more powerful than in theory, then, the ideal quarterback to deliver the long bomb would have an arm so long his knuckles are slicked. The artificial turf On the other hand (or arm), a signal-caller with
a short upper arm also has an aid; he is likely to have a "quick release" the better to launch the projectile before being sacked.
Desirable trains for blockers and taddlers include a low center of gravity for agility and lateralrange; a long upper body, resulting in better leverage a heavy bone structure and musculature, the better to support movement.
and short upper legs, for explosiveness off the snap.
Less-distinct physical traits are also being analyzed by some coaches and teammates to match up of players to positions. One too many college and pro athletes have been trying Cybex. It is a kind of electric-cordograph for the muscles that give them control.
flexibility, and endurance of arm and leg muscle groups as they're put through various exercises. Conveniently designed to correct specific weaknesses that have turned up or a player can be shifted to a position
One controversial test involving the Cybex is called "muscle-fiber typing." Muscle strength is analyzed
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SPORTS BULLETIN 3
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