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Paterson Previews Business "This will be the greatest busi ness year in history and monetary policy will be of front page im portance," said Dr. Robert W. Paterson, Director of the Univer sity Bureau of Business and Eco nomic Research, in the February issue of "Business and Economic Review." Using six national economic forecasts for comparison, Doctor Paterson stated that none antici pate consumer expenditures will be restricted in 1957. He pointed out that emphasis is placed on the need for maintaining the high cost of borrowing and preventing com modity price increases. Discussing the policies and dis agreements of Treasury Secretary George Humphrey and W. M. Martin, chairman of the board of governors of the Federal Reserve System, Doctor Paterson said the differences between the two men are minor rather than fundamen tal. "Humphrey and Martin work ing in concert would be the most powerful forces against inflation that the nation has yet found," he said. Estimates of the gross national product in 1957 are between the F. W. Dodge Corporation's low of $420 billion and the National Se curities and Research Corpora tion's high of $430 billion. The business community has not been markedly restrained in its conception of what the future of fers. In 1956, about $35 billion was expended for new plants and equipment. In 1957, forecasters predict that the -figure will be nearer the $38 billion level, and that the pressure on the credit structure will continue at least through this year. The consensus for 1957 indicates that new record levels will be es tablished in most segments of the economy, according to Doctor Pat erson. On the personal level, income will go up $12 billion from last year, to $337 billion; consumption expenditures will shoot up to $276 billion, $11 billion higher than in 1956; personal savings will fall below the 1956 high; and con sumer prices will increase about 3.5 per cent during the year. Government purchases of goods and services will sharply increase to an estimated high of $84 bil lion. Paterson predicted, "1957 will be a year in which monetary pol icy will be closely scrutinized. If possible, policy makers will at tempt to prevent an inflationary tide that ends in the panic of de flation." Gross Re-elected Manager of WUSC; Staff Numbers 26 Bob Gross was recoatly re elected manager of WUSC, the campus radio station. Other off i cers elected for the spring semes ter are Jerry Sanders, program director; Everett Corbin, business manager; Rhetta Dreier, music director; Nick Abrams, chief ani nouncer; Eston Williams, chief engineer; and Anne Jennings, sec retary. In addition 16 new announcers and three engineers were accepted as full members of the WUSC staff. BLOOD DRI SIGMA DELTA TAU sorority by Alpha Phi Omega for havin donating blood during the drive APO president, presents the plaqi Chusmnir, members of SDT. Alp fraternity, was the sponsorIng oa (Staff photo). 42nd ANNUAL TERM Summer To Begin The 42nd annual Summer School of the University will be gin Monday, June 10, with regis tration and will run through Sat urday, August 10, according to Dr. William H. Patterson, dean of Administration. Dormitories for new students will open Thursday, June 6, and the new student program will be held June 7 and 8. Dormitories for all students will open Sunday, June 9, with registration for both old and new students scheduled for Monday, June 10. Classes will begin on Tuesday, June 11. Mon day, June 17, will be the last day for late enrollment in classes be ginning June 11. Candidates for degrees in Sum mer School must apply for degrees between June 17 and 23. A two-day holiday, Thursday and Friday, July 4-5, will be ob served for Independence Day. Foreign language examinations for graduate students will be given on July 9 and applications Middle East Crisis Study Set For Feb.11 A series of three study and dis cussion sessions on the crisis in the Middle East will begin Mon day, Feb. 11, sponsored by the League of Women Voters of Co lumbia and the Public Affairs Committee of the Y.W.C.A., an nounced Miss Sarah Leverette, member of the Board of the League of Women Voters. The sessions will begin at 8 p.m. and will end at 9:30 p.m. After the first session, Monday, the other sessions will be held Feb. 18-25 at the same hours in the YWCA building, 1505 Blanding St. This series will be given free for all persons interested in such a study. Dr. Henry Harvin and Dr. Dan McFarland of the history depart ment of Columbia College will lead the series. On separate nights, Dr. Harvin and Dr. McFarland will give the background of the coun tries involved. At the third session they will discuss various ap proaches to the problems involved in the Middle Eastern situation. BY GREENVILLE P1 USC Featured On Scholarshi The University is one of eight colleges and universities in the state featured in an illustrated booklet on scholarship opportuni ties offered to newsboys by the' Greenville News-Piedmont Com pany. The University's sect ion carries a portrait of Presidlent Donaldl Russell and p)hotograplhs of Rus sell House and the South Caro liniana Library. President Russell is quotedl: "A college education is an essential for the young man of the 20th century. If he is to take his p)lace as a responsible citizen in the wvorld of atomic boimbs and jet propulsion, he needs an under standing of the complex interplay of forces that have contributed to the state of our present civiliza tion. In its assistance to young men who desire such an education, a scholarship program such as The NewsPiedmont's is a valu VE AWARD) was recently presented ai plaque r 100 per cent of its mnembers held lat fall. Carroll TIeague, se to Yvonne Slesinger and Jonn ha. Phi Omegn, ntional service gani.san fo.. e lood drive ession June 10 for the graduate record examina tion must be in by July 13. The examination will be given on Au gust 3 and 5. Final examinations will take place Friday and Saturday, Au gust 9-10, and graduation exer cises will be held Saturday after noon. Dormitories will close at 6 p.m. The 1957 Summer School bul letin was to be made available Feb. 1. Interested persons may receive further information from the reg istrar. Netherlands Fellowships Are Offered Three fellowships for graduate study in the Netherlands during 1957-58 are available to Ameri cans, Kenneth Holland, president of the Institute of International Education, has announced. The awards are offered by the Netherlands Government. Each fellowship carries a cash stipend of 2,500 guilders to cover room and board expenses for the aca demic year. Tuition fees are waived. Grantees should have funds to pay their own travel and inciden tal expenses. They may, if eligi ble, apply for Fulbright travel grants to cover the cost of inter national travel. Closing date for application is March 1, 1957. The fellowships are open to men and women, preferably under 28 years of age. Eligibility require ments include United States cit izenship, a bachelor's degree by the time of departure and good academic standing and capacity for independent study. Also good moral character, personality and adaptability and good health are essential. Some knowledge of the Dutch language is desirable, but it is not a prerequisite for these awards. Fields of study include Dutch language and lingui: tics, history of art, economics and business ad ministration. Applications may be obtained from the Institute of International Education, 1530 P St., N.W., LPERS In Booklet p Information ab'le andl timely investment in the fture of our~ nation and the world."' I nelutded also0 is a b)rief parai grap)h sketching the ''universal" (educationual program offered by the University. Thle comipa ny annually offers twVo $1 ,I00 scholarships to their caItrrir(R salesmen, wvhich may be usedl for tuition, fees and school L'exeses at any accredited col lege or university in South Caro lina. The schools include USC, The Citadel, Clemson, Erisk ine, Fur man, Newbecrry, Presbyterian Col lege and Wofford. Yaghjia'n Shows Two Sea Pictures In Art Exhibit Prof. Edmund Yaghjian, head of the Art Department at the Uni versity, had twvo pictures in an exhibit, "South Carolina Sea ports,'' at the Gibbes Art Gallery in Ch1arleston, .Jan. 8-29. Tfhe ex hibit, wvhich contains both histori cal and( contemporary paintinrgs dep'lictin1g thre state's ports andl sea cotmmeu(rce, is sp)onsored by the S. C. Stat.e Ports Authority. Tfhe exhibit wvill be shown in Co lumbia, Spartanburg, Greenville, Florence and other cities through out the state. Exhibition dates for the Columbia Museunm of Art are Feb. (1-27.. One of Professor Yaghjian's lacquer paint-ings, ''Charleston Waterfront," was reproduced in The News and Courier in an an nounicement of the opening of the e'xhib)it. TPhe show was dividled into two sections11 according to the histori eal per'iods deCpicted, the contem pIoraRry section shows p)resent-day port activities and the historical sectionr features 01(d prints and oil paintings as well as ship models. The contemporary works were selected from picty res sub)mitted by more than 50 artists through Buchanan To Attend AP Meet Several University faculty members attended conferences, meetings, sessions and conventions during the past few weeks. Other such meets are planned in the future to include others. Dean George A. Buchanan of the School of Journalism will at tend the South Carolina Asso ciated Press Conference in Colum bia Feb. 14. At the meeting, he will an nounce the winners of the 1956 News and Photo Contest, spon sored by the Association in co operation with the S. C. Press Association. Dean William W. Savage and Prof. Cecil I. Tucker, both of the School of Education, will attend the annual American Association of School Administrators Feb. 16 20 in Atlantic City, N. J. Nineteen hundred school admin istrators and school board mem bers are expected to attend. Mrs. Joan R. Faunt, editor of the USC Alumni News and assist ant to the director of the Univer sity News Service, participated in the first annual Southern Alumni Editors' Workshop Jan. 18-20 at Clemson. At the workshop, many phases of alumni magazine editing were discussed and each editor had an individual conference on his mag azine with an advisor. Dr. A. P. French of the depart ment of physics attended a na tional meeting of the American Physical Society in New York, Jan. 30-Feb. 2. About 2,000 professional physi cists were there Dr. French said. The sessions were presentations of papers by people doing re search. Dr. Dan W. Hollis, acting sec retary of the University of South Carolina Alumni Association, at tended a district conference of the American -Alumni Council at Clemson Jan. 20-22. Representatives of alumni as sociations of colleges and univer sities in Alabama, Florida, Geor gia, Kentucky, Mississippi, North Carolina, South Carolina, Ten nessee and Virginia were present at the mid-winter meeting, which supplements the council's national / , RIK Luk "IT'S TOASTED" TO 1 2 English To Meet I Two English debaters selected as the two best British debaters for this school year will debate against two University debaters on the campus Feb. 28. The two English men are M. L. Davies of the University College of North' Wales and G. M. K. Morgan of the University of Bris tol. They were selected by the English-Speaking Union in Lon don to go on a tour of the United States for this school year. They will debate against Kermit King and Pete Martin of the Univer sity. King, a veteran debater for the University, debated against a pair from England last year along with John Altman. Martin, a sopho more, is" debating for his first year for the University. Dr. M. G. Christophersen, Uni versity debate coach, said the de bate will take place in Russell House Assembly Room at 8 p.m. All students and guests are in vited, he said. "If this year's debate goes as last year's did, and I am sure it will, the audience will enjoy the debate. The English are noted for their wit, and this pair will be extremely entertaining," Dr. Christophersen said. Dean To Talk To Columbia Accountants Dean Samuel M. Derrick of the School of Business Administration will speak before the Columbia Chapter of the Cost Accountants Association Feb. 21 at the Jeffer son Hotel. He spoke to the Spartanburg Chapter of the National Office Managers Association Jan. 22 at their education night there. His subject was on the curricula of scfools of business administra tion, he said. (EC SI ' ALWAYS TH EREa N YOU TAKE OUT g OUR LUCKIES?k WHAT IS STALE PENICiLtIN Old Mold LEON ARD RICHARDS. JR. PENN STATE WHAT IS A TIRED CRUSTACEAN I * DAVID H4USMAN. Lm Srm DE PAUL A STUDEN1 Do you like to start Sticklingi print-and for Sticklers are simple riddles with tw must have the same number of your Sticklers with your name, adi Lucky, Box 67A, Mount Vernon, b es Taste ASTE BETTER . . . CLEANE Debaters1 JSC Team The debate will be on the same subject as this year's debate topic for the United States: "That the United States should Discontinue Direct' Economic Aid to Foreign Countries." BRITAIN'S BEST ... . L. selected as the two best British d debate on the campus Feb. 28. King and Pete Martin on the Should Discontinue Direct Econe The debate will take place in the Education StaA More stringent requirements f, education will be observed begi sion, according to Dean of Edue Education 21 course will be ai in education, he said. Twenty-s English 11 and 12 or its equival tion 21. The prerequisite courses apply of Education and not to persons tive, Dean Savage said. GO BO For Entertainm CAPITOL BO1 1212 Marion St. IT DOWN in the common room, rad who pops up to share the fum lendly, familiar figure, the Low iy, too; he knows which cigar( nows just who carries 'em. Lucki rid borrowers-and no wonder! ..nothing but fine, mild, goo 'OASTED to taste even better. Li; ou'll say it's the best-tasting cig WHAT DID THEY CALL THE TROJAN HORSE I Phony Pony FARRIS HOTCHKISS. WASHINGrON a LEE WHO KEEPS THE NAVY IN STITCHESI JO H N BR ADY. ,Sa0lo07' 70aalOrs PROVIDENCE COLLEGE rSI MAKE $25 shirk work? Helre's some easy money Wo'll pay $25 for every Stickler we hundreds more that never get used. '0-word rhyming answers. lIoth words jyllables. (Don't (10 drawinga.) Send Iress, college and class to IIappy-Joe.. r. Yv. Better 'R, FRESHER, SMOOTHER I Schedu1ed Feb. 28 Morgan is a 23-year-old history major. Davies is a 24-year-old philosophy major. He is doing postgraduate research for an M.A. degree, and he intends to study for a B.D. in Theology. Davies and G. MI. K. Morgan, ib-aters for this school year, will They will debate against Kermit topic, "That the United States mic Aid to Foreign Countries." I Mssell Iuine Assembly IRoom. ridards Raised Jr students seeking a degree in ining with next sunuin1er's ses tion William W. Sava'ge. )rerequisite for all other courses even academaic hours including ents are prerequisites of educa only to students in the School taking education :21 as an elec VLING ent and Health LING CENTER Phone 2-1567 I take out your Luckies i? None other than that zge Scrounge! He's a sly ttes taste best-and lie es taste better to buyers A Lucky is all cigarette d-tasting tobacco that's ght up a Lucky right now.. arette you eyer smoked! WHAT IS A 97.LB. ARAB? Weak Sheik JOHN RUGGIERO. YOUJNG,SOWN U. WHERE DO YOU KEEP A HIGH HORSE? ROBERT L O MIssSSIPI P UTHERN WHAT D0 YOU GET WHEN YOU FORGET TO SHAVE? JF^N S HAW Stubble Trouble RAUCI VIEg