I C* Will Issue
Own Scrip for Fountain, Store
rojans May Buy Coupons With Checks
Latest
Banking
Developments
Deposits May Be Made, Says Treasury Head
New Intrusted Funds May Be Given on Demand, Asserts Woodin
SrAtSieTr„ S.C. Council To
L*A* Late Today Limit Student
^rchase Tickets Will Be | Valid Only for Supplies, Meals on Camous
The University of Southern California will issue its own scrip, pas re%ealed last night by Henry Jruce, comptroller. The scrip will distributed this morning at the [ashier* booth in the student store tnd at the business office in the lulminis ration building The scrip will be redeemed at lhe st n lent fountain and the stu-lent store in place of cash. It ► ill not be redeemable outside »f the university. The coupons rill be issued in $5 books, each >ook containing $5 in denomina-
Iions of 5, 10, and 25 ceots. It s not necessary that any person irchase of the scrip unless he desires. and cash will still be han-lled a.« it has in the past. Students’ personal check? will i»e accepted at the cashier's winnow in the student 6tore in pay-pnent for the scrip. For those who pre employed by the university land those who have credit, ar-jiangem* nts are to be made in the (administration business office.
“This measure has been considered for some time.” said Mr. Bruce, "and it may become a permanent institution. The reason for the immediate action at present is to facilitate conditions for the students who have been unable to get any cash because of the banking situation.”
Mr. Bruce stressed the importance of students and faculty members not becoming confused in the handling of the money substitute. The persons who pay in cash will receive their change in the same, and for those who use scrip there will be no occa-
By United Pres*
1.	Secretary of Treasury William Woodin announces closed banks may reopen to accept new deposits which would be payable on demand.
2.	President Roosevelt outlines plans for economic recovery in address to governors of various states and receives their pledge of loyal support.
3.	Representatives of Governor Lehman of New York visit Washington to discuss means of solving situation in New York state and country.
4.	Congress indicates will provide for an extension of the modified banking holiday when it meets Thursday and will rati fy Roosevelt’s action by proper legislation.
5.	At least a quarter of a billion dollars worth of clearing house certificates ready for circulation in New York city alone when permission is granted by secretary of treasury to use scrip.
6.	Civic and business leaders in all sections of country meet to plan means of remedying shortage of cash; varous kinds of scrip ready to be adopted in many states.
7.	Washington moves with war-time precision to protect gold supply and to promote con* fldence of the public in carrying on regular activities.
Troy Will Debate Whittier Tonight
Whittier college will be S.C.'s opponent tonight when the Southern California debaters meet the Poet speakers in a tilt on the Ision for change as the denomina- question, “Resolved: that the tlons are such that the correct a- United States 6hould agree to the mount of the bill can be given cancellation of the inter-allied war | for the purchase.” debts.” The tilt, which will be ----I held ln Touchstone theater at 8
U. C. L. A. Issues Scrip;	p.m.
Coeds Eat Again	CapL Ames Crawford and Law-
The University of California at	rence Pritchard will uphold the
lx>s Anceles’ student body moved	affirmative of the question for
last nijrht to take the banking	j Troy. This same team defeated
[situation into its own collective	Loyola university Thursday eve-
hands.	ning, 3-0, in a tilt on the same
Tiring of the shortage of money,	question, having previously met
the associated students began	Caltech in a practice debate,
printing scrip yesterday. It will	Judges for tonight’s contest were
be plac d into circulation on the	announced last night: Miss Grace
ramp’,8 today, according to	Mason, debate coach at George
Assif.tart Controller Deming G.	j Washington high school; Mrs.
Maclise.	Mary E. Marx, debate coach at
Tl.e scrip will be honored all	Belmont high school; and Miss
over tie campus, solving the	E. O. Scott, coach of forensics
malted milk and cigaret problem,	at South Gate high school.
Students paying for purchases ln	-
EL JS-TV’SL? »-m7e; Dental Officer. To
money in chanee. The scrip will Be Feted at Dance be “sold" in 5-10-and 25-cent de-Tominat ons to cash the “checks from home” students have been waving in the faces of village merchants.
Airplane Makers Will Be Honored
•p ^	^ I | , viire-presmeiu, i ea nasiirouftj
£>V Campus dub secretary'-treasurer, Melvin Sax
New officers of the College of 1 Dentistry will be honored Thursday evening, March 9. with a dance at the Los Angeles Elks’
: club. The affair is sponsored by students of the Science and Technique building. The officers are: j president, Frank Ayres; flrst vice-president, John Westwood; second vice-president, Ted Hashrouk;
Government Acts Quickly To Insure Food; All Emergencies Met
WASHINGTON, March 6.—(UP) —New life was pumped into the nation’s financial structure tonight when the treasury department ruled that banks closed by the modified holiday may reopen to accept newr deposits which would be payable upon demand.
As Secretary of the Treasury William H. Woodin issued these orders, President Franklin D. Roosevelt, addressing a conference of governors at the White House, | expressed the hope that the public would be quick to take advantage of this opportunity.
Deposits made prior to the bank holiday and not held under special guaarntee plans devised by institutions which restricted withdrawals, are not affected by the new treasury ruling unless they are | necessary to finance shipments of |food.
Insures Food for All
The treasury regulation said ! that banks may create special I trust accounts for the credit of ! new deposits, subject to withdrawal on demand. These funds would ■ be kept segregated from old bank deposits at the federal reserve ! banks.
Meantime the government mov-| ed swiftly and decisively to insure I food for all. The treasury permitted banks to finance shipments of food regardless of general re-trictions during the holiday.
Under the guidance of Washington officials the nation prepared to go immediately on a scrip basis. New York probably will begin tomorrow to use the new emergency money.
War-Time Precision
Providirg for payrolls is one of the flrst considerations on wnich officials are now at work. Secretary of Treasury Woodin announced that payrolls would be met either through scrip or otherwise.
As fast as hard pressed officials couid act, orders were issued to soften drastic phases of President Roosevelt’s proclamation.
The administration moved with war-time precision.
First, lt was determined to protect the gold supply.
Second, it was determined to do everything to help the public carry on regular activities.
Other Authorization*
Bank' were authorized to open to make change provided no gold or gold certificates were paid out. (Continued on page four)
With the rest of the nation, Los Angeles today awaits an order of Secretary of the Treasury Woodin to release scrip for general circulation. There were prospects that the clearing house certificates would be available before the close of business today.
Scrip issued in Los Angeles, bankers said, would be acceptable throughout southern California except in the areas controlled by-San Diego and Santa Barbara clearing houses. The scrip, however, will be readily interchangeable in all parts of the state, and possibly in all western states, it was said.
Gold, silver, currency, and federal, municipal and state bonds were deposited by banks with the clearing house today to back the scrip.
Rally for Hoopsters
Campaign Cost To Be Held Tonight
Legislative Group To Set Election Outlays in Meeting Tonight
Proposal for All-U Ditch Day Expected To Get Favorable Vote
Governors To Aid Roosevelt
Women To Meet In Debate Tilt
man.
Continuing a series of luncheons featuring various important phases of the aeronautic industry. Alpha Kta Rho will observe aircraft manufacturers’ day in 422 Student Union today. This luncheon come as a feature of the series * hich has already honored the American legion and transport pilots.
Guests of the air fraternity for the occasion Include Harry Wet-*el. representing Douglas Airplane and Motor corporation; Jack Northrop, designer of Captain Frank Hawks’ latest speed plane; William Porter, president of the Kenner Airplane Motor corpora tion; and L’oyd Stearman, president of Lockheed Aircraft corpora tion.
The principal address of the day will be made by Harry Wet *el on the subject “The President’# Airplane.” He will tell members of the campus air organization of the new amphibian which the Douglas Aircraft company of Santa Monica recently delivered to the navy for the use of President
Roosevel t-
Graduate Group Postpones Lunch Todax
The regular semi-monthly luncheon of the Graduate school planned for today has been postponed indefinitely, announced Walter Barrager, president.
Next luncheon will be held March 21 with Judge Ben Lindsey as guest speaker. Reservations for this affair should b^ made in room ISO Adminlstra tion before next Tuesday.
The executive committee o' the graduate school will meet Thursday, March 9, at 12:15 o’clock in the Student Union lounge. Committee members are Charles Spaulding, Lumir FranJt Slezak. Margaret T urner, George Wu, and officers of the Graduate school.
Debating on the question. “Resolved, that the United States should agree to the cancellation of the inter-allied war debts,” Trojan women debaters will encounter the College of Pacific, in the flrst decision tilt of the season.
Miriam Gealey and Janett Manning, both of the College of Pacific will uphold the affirmative. They will be accompanied here by Prof. Dwayne Orton.
S.C. women debaters will be Celeste Strack and Marjorie Ben-bow, who will defend the negative on the question of war debt cancellation.
All men and women on the campus are invited to attend this forensic clash, which will be held at 8 o’clock this evening, room 302, Law building.
President Reveals Relief Programs; Commends Banking Action
WASHINGTON, March 6—President Roosevelt tonight marshaled the support of the nation behind his program for economic recovery which he revealed Included reduction of taxation, a national policy on mortgage foreclosures and coordination of relief work.
Mr. Roosevelt disclosed his plans in an address to governors of various states in a conference at the White house today. At the close of this meeting the heads of the states governments promised him their loyal support
Mr. Roosevelt declared the states “acted with remarkable promptitude in preventing a panic at a time when it might w^ell have developed.” He then explained the modified national banking holiday was proclaimed last night to take care of an immediate emergency.
He declared the federal government should not be called on to supply relief “until other agencies fail” and said he was considering creating a fact finding body within two or three weeks which will coordinate the work of the states.
Mr. Roosevelt outlined to the state executives in detail the (Continued on page three)
To consider passing a legislative act regulating the amount of money to be spent in elections and to lay plans for an all-university ditch day, the legislative council will assemble at 7:30 p.m. in the council room.
Members of the council said yesterday that the act discussed two weeks ago at the regular meeting will probably be passed tonight. The new legislative act provides a limit of $150 for campaign in the interest of candidates for student body president, $100 in those for vice-president or secretary, and $50 for other offices of the Associated Students,
Four Open Meetings Besides limiting the candidates’ expenditures, the act prohibits more than four open meetings for each candidate, with none to be held before April 1. Also, the act says, there Is to be no public demonstration for any candidate on the day of election within the limits of the campus at any time preceding the closing of the polls.
For the infringent of these rules, the candidates accused are to appear before the legislative council and a majority vote of the council will disqualify the candidate from holding office.
All-U Ditch Day In addition to the discussion of the legislative act, the council will also approve plans for holding an all-university ditch day. Rumor has it that the ditch day will start at 2 p.m. a some popular retreat and that games and sports, supper, and dancing will make up the program.
Some members of the council favor having the program the day of elections. Others violently object. Some of the schools and colleges used to their owrn ditch days are known to be objecting to the union idea.
King George Improves
LONDON, March 6.—OLE)—King George, confined to Buckingham palace with a head cold, was considerably improved today, It was announced at the palace.
S. C. Returns to Nature
* * * +*•+ * * * Students Find Pocketbooks Flat
By Bob Love
New Junior Women To Hold Social Meeting in Lounge
All junior wjmen who trans-fered to S.C. campus either last September or this February are asked to attend a meeting in 'he social loungj .»f the Student Union today at 3:15 oclock.
The purpose of this meeting is to acquaint new junior women with activities on the campus and to promote interest ia campus life. The aim is to provide contacts and stimulate interesL Billie Cutler, president of the group, states thst this will afford new students an opportunity to meet other girls of similar interests and tastes.
After four years the effects of the depression are beginning seriously to touch th© lives of S.C. students.
As we look back upon the flush days before the now historic crash or ’29 it is easy to perceive that those “good old days” were fraught with peril for American manhood and womanhood. Too much prosperity and matter-of-course abundance were pointing Inevitably to another mauve decade or emasculated generation.
Laundries Also Hit
The seeds of depression, which have been sown so copiously throughout the last four years, have finally ripened into full fruition with the recent endemic of bank holidays. The economic exigency, so recently culminated, is fast fostering a return to pioneer hardihood among S.C. students.
Fron* the tops of hitherto respectable apartment houses the riotous colors of masculine unmentionables wave gently from their perch upon hurriedly erected clotheslines. Lurking nearby, one is sure to discover at least one anxious student viewing the progress of a noble experiment. If any of your boy friends decline to take off their coats you may rest assured that only the cuffs and collar of his shirt have been ironed.
Knighta Claim 30 Cents
Two of the village cut-ups, who have been prominently identified with the Trojan Knights are reputed to have pulled a life-in-the-rough or back to nature movement. Pocketing their combined personal fortunes of 30 cents, these two dauntless blades, Chuck van Landingham and Joe Bushard, hitch-hiked to Balboa and subsisted over the week-end by praying upon clams and other
luckless specimens of big game.
Indignation ran high today when it w-as learned that the present crisis might have been at least partially averted had one of our esteemed faculty members passed on a timely tip to student associates. Prof. Roy L. French was seen scurrying through the halls and offices of the Student Union Wednesday afternoon, demanding that all personal loans be paid in immediately—and in cash. Students wrho have been victimized strongly suspect that Mr. French was on the “in.”
Why Look for Work?
Despite the present inconveniences there is no denying that some benefits have been derived among scholarly circles as a direct result of the depression. A new renaissance is gathering momentum among students who find it easier, and far more practical, to go to school than to look for a job. Some concern has been expressed among the fast swelling ranks of the Phi Betes who have watched their brain child, the biological curve, distorted beyond recognition.
As in all times of stress, confession seems to relieve the soul. A potential Phi Bete, wiio has never been known to crack a book, confessed yesterday that he had turned to academics for relaxation and sublimating amusement.
Finding himself unable to raise the necessary 15 cent3 to take in the current movie, "If I Had a Million,” Harvey Lewis found time to apply himself industriously to a study of “Phototropism of Planarians,” by Dr. Milton H. Metfessel and “The Cephalic Index of Post Debacle Lucifer,” a recent treatise by Frank C. Baxter, Ph.D., Cantab.
Committees Are Named for S.C. Newspaper Day
Sether To Edit Special Edition; Dunlap Heads Judging Group
Committee chairmen for the 11th annual Newspaper day to be held at S.C. Saturday, March 18, were announced this week by Quentin Reger, general head of arrangements, and preliminary steps have been completed in the staging of the yearly event for visiting editors, publishers, and school staff workers.
Over 400 guests are expected to attend the various affairs on the program, which will open with a morning assembly in Bovard auditorium, include complimentary luncheon, newspaper awards, tour j of the campus, addresses by outstanding newspaper figures, and conclude with round table discussions on various phases of newspaper work.
Special Newspaper Wendell Sether, assistant editor of the Daily Trojan, will edit the special edition of the S.C. daily. John “Sky” Dunlap, managing editor of the Daily Trojan, will have charge of the judging for the high school and junior college newspapers and will discuss the entries at the noon luncheon. Jack Frankish, day editor of the Trojan, is editing The Eleventh Annual, invitational program.
Registration and reception will be handled by Theta Sigma Phi, professional women’s journalism fraternity, with Dorothy Wiesinger, president, acting as chairman. By-Liners, professional men’s journalism fraternity, with Ernest Foster as chairman, will have charge of the escorts for the campus tours. Marvin Miles, day editor of the Daily Trojan, is chairman of the plaque award committees.
Prizes To Be Given Prof. Roy L. French, director of the school of journalism, with Marie Drake, Daily Trojan fashions* editor, assisting, is handling the noon luncheon to be held in the social hall of the Student Union. Marc L. Goodnow of the Journalism faculty and Reger, editor of the Daily Trojan, are arranging the details of the various programs.
Beavers Beware
Students Will Cheer Team in Huge Send-off
Motorcade, Escorted by Police, To Get Under Way at 5:30 p.m.
By Wendell Sether
As long as our teams go on winning cbampiosbips we'll have to go on holding parade rallies. This evening it’s for the basket* ball boys who leave tonight on the Southern Pacific for Corvallis, Ore., to play Oregon State college, champions of the northern division of the Pacific coast conference, and inasmuch as Sam Barry would like to win this game, a parade down to the station and rally has been planned as the stu-dets’ contribution to the journey.
As in other parades, cars will probably “race down Flower street four abreast,” and students will cheer the “athletes on whose broad shoulders rests Troy’s hopes for the championship.” Aside from that the team will be given a big send-off, which they will no doubt need, having the task of contrary to Oregonian p]ayjng me Beavers in the north Lee Gut.ero, pictured a-j 0n a strange floor Friday night.
The Oregon Staters, they say, are so tall they make Primo Camera look like one of Singers’ midgets.
“Just stopping' Nemer will not suffice, hopes.
bove, is a first string sophomore center who also has a habit of throwing the basketball through the “chosen circle” very often during encounters.
Jonson Drama Date Selected
March 17 and 18 Chosen For Presentation of “The Alchemist”
Secretarial Club To Hear Leader
Miss Eva M. Jessup, noted leader in commercial education, will aadress the Secietaiial club at 3:30 this afternoon in the Alpha Gamma Delta house. 663 West 28th street.
‘“Miss Je3sup haa been in charge of the training of thousands of short hand and typing teachers and is well qualified to speak on ‘The Place of Women in Secretarial Work,' ” stated Grace Edick, president.
Dorthy Leland, soprano soloist, will sing two numbers. Arrangements for tea are being made by Vivian Stephens.
Friday and Saturday of next week, March 17 and 18, has been selected as presentation date3 for the English department - Drama Shop joint dramatic production, “The Alchemist,” it was announced yesterday by Drama Shop officials.
The comedy, which Is in five acts and numerous scenes, was written more than 300 years ago by Ben Jonson, and depicts the adventures of a gang of crafty and unscrupulous swindlers who undertake to cheat the gul’ible inhabitants of London in various ways.
Mary Elizabeth Hendricks is directing the ca9i for the Drama Shop production;' with the cooperation of Prof. Laurabelle Dietrick of the English faculty.
Touchstone theater will be the place of presentation.
Every attempt ls being made in all departments of production to recieate the Elizabethan atmosphere: deccvations, programs, costumes of ushers, and incidental entertainment v. Ill all reflect the spirit of the Jonson eia.
Staging of the show will be in the ham s of Wallace Fraser as stage manager and Bob Monosml’h as head electrician. Dr. Frank C. Baxter of the English department will assist in this branch of the presentation.
To Form at 5 p.m.
Students’ cars will begin to form the parade at 5 p.m. today, according to Joe Bushard, chairman of the rally committee. At 5:30 the procession will get under way, headed by a motorcycle police escort arranged by Councilman E. Snapper Ingram, then the Trojan band, the team, and then the cars.
The route to be followed will be: University and Jefferson to Flower to Fifth to the Union station. Drivers are urged to keep the parade in a solid body as much as possible. Because cars in past motorcades have come home looking like tanks after th* Battle of the Marne, those attend* ing the rally tonight are asked not to drive like college students.
Rally at Station
At the station there will b« a short meeting at the rear platform. when Coach Sam Barry wil! speak and introduce members of the team. Yells will be led by Bailey Edgerton, yell king, and his assistants, Winston and Weston Doty. The train will leave at 6 p.m.
Cars in the parade will be dec<v rated with streamers and crepe paper which may be obtained gratis at the University book store, which means you don’t have to sign checks for them. The decorations may be obtained any time during the afternoon.
Because of the rally, fraternities and sororities will postpone dinner tonight until 6:30 p.m.
Etiquette Club Will Devise Year’s Plans
To formulate newr plans for the semester, a meeting of the etl- | quette committee of the Y.W.C.A. will be held tomorrow afternoon 1 at 3 o'clock, in the Y.W.C.A. j clubhouse. A new and more com- \ prehensive program for the group | this spring has been annouced by i Peggy Chase, new chairman of ! the committee, and those interested are invited to attend.
Assembly
Continuing h5s talks on prayer Dr. Bruce R. Baxter will speak about the trials of unanswered prayer today at 9:55 a.m. in Bovard auditorium.
The overture from “Tannhau-ser’ by Wagner and Widor's “Finale in D’ will be played by Willard Smith, organist
Mu Pi Epsilon Will Hold Spring Musical
Mrs. Rufus B. von KleinSmid will explain the Ideals and principles of Mu Phi Epsilon, national honorary music sorority, during its formal musicale tomorrow evening in Mudd hall. The annual spring concert of the sorority is being sponsored by music leaders of the southland.
Modern music will be played by a string trio composed of Dorothy Chess, Marion Sischio, and Dorothy Bishop, all music alumni. Vivian Page will offer several soprano selections anc! Gienna Gould. Adelaide White and Mary White will contribute several piano selections.
Captain Roberts Will Talk at ‘Y’ Dinner Tuesday
With a wealth of war-time ex-i periences in the Near East to serve him as subject matter, Captain Arthur Roberts, war correspondent .author, *nd lecturer, will address an all-university meeting j of the Y.M.C.A. at the regular Y’
| dinnermeeting io be held lomor-j row evening at 6 o’clock.
Captain Roberts will probably ! not confine him?elf to anr defin't* suject, declared Roy Malcolm, vice-president of the ‘Y,* but will relata his exoerienees as a political officer In Arabia I "Another interesting feature.'* j declared Malcolm, ‘is the fact that j Roberts served with Colonel Law-■ rence when the latter was at the • height of his sea^a*.i.'<n;ii military I career in Arac <> Thc speaker is I one of the few men who knew j I awrenc® .atim:>toiy before he be-j came famous and earned the sob-j riquet ‘mystery man of Arabia.’ ”
The program is open to anyone i interested, both men and women,
according to Malcolm. Tickets for ;the dinner may be secured at tbe 1 “Y” headquarters, 801 West 34th street, for 35 cents a plate be 1 fore noon tomorrow.
L