The Ypsilanti daily press., August 10, 1945, Page PAGE EIGHT, Image 8

About The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962

Image provided by: Central Michigan University, Clark Historical Library

                
PAGE EIGHT
yt%* Jr • rSB
President Harry S. Truman (left) and Secretary of
State James F. Byrnes as they signed the United
Nations charter. The charter was ratified by the
U. S. Senate while they were attending the "Big
Three’’ conferences In Germany which resulted in
Campus Events Calendar
(All Time is Central War Time)
TODAY
AT UNIVERSITY OF MICHIGAN
7:30 p. m.—Play. "Over 21” by Ruth Gordon. Michigan Repertory
Players. Department of Speech. Lydia Mendelssohn
Theater.
T:SO p. m.—Motion Picture. French film. "Ultimatum”, starring Erie
von Stroheim, Rackham Lecture Hall.
AT UNIVERSITY OF MICHIGAN
SATURDAY
7:30 p. m.—Motion Picture. French film. "Ultimatum”, starring Eric
von Stroheim, Rackham Lecture Hall.
7:30 p. m.—Play. "Over 21” by Ruth Gordon. Michigan Repertory
Players. Department of Speech. Lydia Meudelasohn
Theater.
MarihaWashinatan
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Date it Tonight! 2 Days Only
News
STARTS SUNDAY!
whang or /
■■Mw PtP and funi (L
ff/Hmm \ — y^u’i&fotgsytine Yu \j
the President's demand and Japan’s refusal of un
conditional surrender. Declaration of war upon
Japan by Russia was announced by President Tru
man after the above picture was made. (Interna
tional Soundphoto).
Wife Preservers
TMHk ~ZZ.
TAtu- TUSfOON
voons y 5 Vn
s®? f*r *.
** "rxs'uM
vt-J E.6Eo
Three tablespoont of cocoa, plus one
teaspoon of table or cooking fat, can be
•übetituted for a two-ounce square of
chocolate.
THe YPSILANTI DAILY PRESS. YPSILANTI, MICH., FRIDAY, AUGUST 10. I»4S
*■■ ' -' l . ‘■ i ru' . ■ I
“All those years you were in the Aleutians —did you
miss me?”
COMMISSION TO MEET
Lansing— The state corrections
commission has been summoned to
meet here early next week to pass
TO MAINTAIN STANDARDS
Lansing— Despite an estimated
shortage of 1.000 rural school teach
ers In Michigan for the approaching
school year, a committee of edura
tors has recommended against
further lowering of teaching stand
ards. Dr. Eugene B. Elliott, state
superintendent of public Instruc
tion, said today.
SmmmmhmmhS
TODAY AND SATURDAY!
STARRETT
ALSO SHOWING
A MILLION TO ONE AGAINST HIM
Yet he took that one chance for the
one woman in a million!
“GANGS of the WATERFRONT”
—With—
Robert Stephanie Marion
ARMSTRONG BACHELOR MARTIN
PLUS—JUNGLE QUEEN AND NEWS
SALLY'S SALLIES
Knww»>4 U > P»it»i Pin
I finally on formal dismissal charges
to be filed against seven ousted of
ficials of the State Prison of South
ern Michigan. Attorney General
John R. Dethmers, whose charges
of maladministration at the pri
son led to the dismissals, said he
expected to have the charges com
pleted Monday and would submit
them to the commission for approv
al. He has agreed to act as the
commission's representative In
pressing the charges before the
state civil service commission.
i ;
. „ | " _ ;
jL,
,> S3 ; * r >
HYING GERMAN SWASTIKA beneath the Stars and Stripes, one of two German destroyers partially
manned by German officers and enlisted men, Is shown above arriving in Boston harbor, the first
German naval craft here since World War I. The Navy did not disclose how the ships came into
American possession, but they arrived here from Plymouth, England. The German crew members are
not prisoners, but volunteered to help bring the ships here.
Babson Says Inflation to
Follow British Election
By ROGER W. BABSON
Babson Park. Mass.. Aug. 10
When' Churchill's defeat was an-
I nounced by radio, the stock market
started to crumble. When, how
ever, investors began to realise
that It would take years, for Eng
land to get Its socialistic plans into
action and perhaps then would fall
to succeed, these same people be
j gan to buy back securities. The
market has since returned to norm
al. There are several reasons for
this.
England Sura to Inflata
I,have long thought that inflation
is Inevitable; In fact it is going
on every day. Nothing can stop It
except a great spiritual awakening
which will cause us to put the good
of all before our own selfishness.
I. however, now see no sign of this. I
Hence, the United States Is head- |
ed for higher prices, higher wages,
higher rents and higher stock
values. The people of the world 1
are ”on the march” demanding In
flation.
I am more sure of this than ever
since the Labor Government of
England won by such a large ma
jority. This will enable them to
take over the Bank of England and
issue all the money they need for
their socialistic experiments.
Whether or not these will be a suc
cess, no one now knows. Russia is
the test tube, notwithstanding
what her friends say. But for the
next few years, while the experi
ment is being tried, jobs should be
plentiful and money should flow
like water. Stocks should sell
higher,—not only because of their
intrtnic merit; but because wise
Englishmen will shift from their
English stocks to American stocks.*
Stocks Not Too Hlflh
Compared with panic prices of
ten years ago. the stock market
now seems high to many conserva
tive people. This is because the
stock average was only SO in 1932
compared with 110 today. Yet,
only as far back as 1937, these
same stocks sold at about 130:
while in 1929 they sold for 280.
With the British Government and
the Hank of England backing In
flation, some stocks may well again
sell at 1929 highs.
“What should I buy?" you ask.
Well, the safest procedure is to
diversify among a wide list, buy
ing the leading stocks In 15 or more
industries, omitting the rails, air
plane manufacturing and shipping
stocks. If you pinned me down to
three groups I should advise the
Merchandizing group, especially the
variety chains, the Insurance Group,
especially casualty stocks, and well
managed Real Estate. These are
the groups in which I am investing
my own money.
Billions Awaiting Investment
Fifty-five years ago there were
only about one or two billions of
"loose change” In pockets and cash
drawers It took about £0 years to
Preserve Her
Y outhf ulness
Capture the youth of your
child in one of our fine
portralte. You'll treaeure
It alwaye. and you'll be
more than eatlefied with
our work.
PERSONALITY
STUDIO
(1 block Nos Poat Office)
25 N Adame Phone 2875
Houre 9 e. m. to 9 p. m.
Appointment not neceetery
build this up to seven billions.
During the past five years this
loose change has Jumped from
seven billions to twenty-eight bil
lions. This means It has quad
rupled In five years. During this
same five years bank deposits have
doubled and are now over 1100,-
000,000,000.
This nearly equals the assessed
values of every acre of land and
every building of every kind In the
i entire United States. When one
considers that there are no more se
curities available for purchase than
there were five years ago, It seems
as If higher prices for stocks and
land are Inevitable. Sooner or lat
er this loose change Is going to seek
Investment. Churchill’s defeat
should hasten the day.
Low Intsrest Rates
Let us consider interest rates
It was not long ago that govern
ment bonds paid over 4>4%; sav.
ings bank accounts paid 3
ARROW
WHITE SUMMER SHIRTS
4*
*• , * v>*»
k * i 'j!r
m 1
Our new Arrow Lightweight Shirt* are seashore
cool, true—but they're Juat a* eye filling aa
they are brow-cooling!
And though they're woven porously, they're aa
durable aa all Arrow Shlrta —made of pre-tested
fabrlca with anchored buttons and with tha
Sanforized label that llmlta shrinkage to 1%,
Priced at $2.24
Mark Twain
White Broadcloth Shirts
$2.00, $2.91, $4.95
A^lcncatnps
1 while we got 2% on our checking I
accounts. Today these Interest ,
I rates are down to 2%. 1% and xerfc,
—lower than ever before In the Jr
history of the world. I
Yet anyone can buy today good
corporation bonds to yield
and good stocks to yield more,
people should soon get tired of
leaving their money idle in thej
banks at 1% or at no interest when
they can get so much mors from
good securities. When the public
; realies this, the demand for good
dividend paying stocks should
greatly increase.
Advice to Young People -nj
One thing which I must mention
in closing is this: —The British
elections will cause most of Europe
to follow with socialistic experi
ments. The movement will tem
porarily cast its shadow on the
United States. This means
every family should own a little
fertile land and every young per
son shonld become an expert In
some profession, art or trade.