The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-05-15
YALE NOTES.

-T-"HN"NNNN~N
Baker '9s Before Political Science Club
Other College Notes.
An interesting paper on the Effect of
Short Selling on Agricultural Prices"
was read last night before the Political
Science club of Yale by Mr.. H. d.
Baker OF the senior class, He pointed
out that the fall in prices of farm pro-
duce, reducing the purchasing power
of the farming classes, Is the chief
cause in the present industrial depres-
sion, and that this fall is due chiefly to
results attendant on the system of sell
ing "short," which has grown up on
the exchanges.
Mr.. Baker claimed that the bulls are
at constant disadvantage as COM
pared with the bears, owing to their
expense of paying the storage and in
surance, and that as a result all the
prominent SPECTATORS find it to their
advantage as general rule, to take the
short side of the market, and create a
preponderance in favor of depression in
prices. The remedy lies not in the abo-
lition of the short seller, but by taking
away his favor and placing him on an
equal footing with the bull.
deSIBOUR'S LETTER.
The following letter has been sent
In answer to the invitation of the ALL
gemeiner Alster club to take part in the
/ Hamburg regatta:
A. o. Schumacher, President of Allge-
meiner Alster Club:
Dear sir; 1 am truly sorry to be
obliged to write you that it will be
fn, - opr6i 10 |
invitation to take part in the Hamburg
regatta on July Is and 10, but as we are
I to enter our crew to compete for the
4 grand challege cup at Henley we feel
/ that it would be undertaking too much
to also represent our university at
Hamburg. Thanking you extremely
for your kind invitation, I remain
Sincerely yours,
j. H. deSibour,
President Y. U. B. c.
YALE NAVY ELECTIONS.
The annual meeting of the Yale Uni
versity Boat club for the election of
officers Cor the ensuing year will be
held this evening in 1874 Old Chapel at
6:45 o'clock.
TENNIS WINNERS.
A handicap tournament is being held
at the grounds of the New Haven Lawn
Tennis club in which most of the COM
petitors are members of the university
\ PLEASANT OCCASION.
IN Following were the toasts responded
to at the banquet given in honor OF
Wurts by the Wurts Debat-
Hing club of the Yale Law school al
1.-THE Hotel Majestic Wednesday even
ling:
"First Cases'-Professor Wurts.
"Sic utere tue ut alienum non lac
das''-T. H. Smith 81 L. s.
"Caveat Emptor'- 3. Moulton
1917 L. S.
"Magis res valeat Guam Pereat''-
M. Gavin '95.
TEX dolo malo non oritur actio"-W.
r. Alcorn '97 L. S.
Those present were Professor Wurts
and the members of the club-W. f
Alcorn '97 L. S., R. S. Baldwin 49, G
lei. Barlow '97 L. S., M. Gavin '95, G. ]
Gibson 95, G. W. Halbert '95, II. T.
Halbert '95, J. MacGregor, jr., 95, d
De-. Moulton '97 L. S., B. d. Sheedy '9i
Il. S., c. M. Smith '97 T.. S., E. G. Sny-
der 1911 L. S., J. w. Thompson '97 l.. S..
hnd ]. D. Thomson '95.
Fiji BETA KAPPA OFFICERS.
The annual meeting of the Phi Beta
Kappa society for the election of off.
cers was held Wednesday evening il
The Classical club room, Old chapel
The following officers were elected fol
The ensuing year: President, G. U
Clark; vice president. W. D. Make
peace: secretary, A. e. Kent, I'd; treas
urer. e. L. Barnard; executive com.
mittee, N. A. Smyth, chairman; Fl.
Coffin and G. c. Brooke.
NOTES.
The Yale representatives in the Yale
Harvard freshman debate to-day will
speak in the following order: Noble
Clark, Darlington; rebuttal, Clark
The Yale Athletic association have
made arrangements to have the bicy
cle teams quartered at the Manhattan
breach track at New York several day.
before the inter collegiate meeting OF
May 20.
C. P. Kitchel '97 and C. B. DeCaml
81 will represent the Yale Lit at tn,
lnnual dinner of the, Nassau Lit. thi
evening.
Lineaweaver '97 won the golf tourna
nent Wednesday by defeating Pincno
97 with net score Of So point to thu
alters 81.