The midland journal. (Rising Sun, Md.) 1885-1947, 1930-12-05

ton which undertakes to develop into
national welfare program the sug7
gestiOnS he made year ago. Twelve
hundred experts have been working
on the problems he set forth at that
time and it was for this conference to
coordinate their solutions.
When the big gathering had been
called to order by Secretary Wilbur,
its chairmal, Mr.. Hoover delivered his
address in which he asked for safe
guards and services to childhood be-
yond the reach of the individual parent
and which can be provided only by the
community, the state or the nation.
eff we could have but one generation
of properly born, trained, educated
and healthy children" he said, "a thou
sand other problems of government
would vanish" His solution for the
questions concerning childhood which
he said should stir a nation was
"much learning and much action
FOLLOWING the collapse of the in
vestment banking house of Caldwell
& Co. Of Nashville, Tenn. more than
fifty banks have closed or suspended
payment. Most Of them are /: Tennes-
see, but some are in Arkansas. Ken
lucky and Missouri, The affairs of
Rogers Caldwell, head of the invest
ment concern and formerly regarded as
financial wizard, had been in parlous
state since September. when state
bank examination of a subsidiary of
his company, the Bank of Tennessee,
caused the authorities to require q
deposit Of $3,S40,O00 in securities to
cover liabilities. Incidentally, the at
torney general of Tennessee now an
nounces these securities are missing.
Thursday morning the Central Bank
and Trust company. largest financial
institution in Asheville, N. c.. failed to
open for business. notice was
posted stating the bank was closed by
order of the board of directors "for
the conservation of it's assets" The
banks latest statement of condition
showed deposits of more than $751;
100000.
J William Virgil Bell, president of the
First National bank of Horse Cave.
KY, which closed early in the week,
committed suicide by hanging.
TRUSTEES and faculty of the Uni
4 versity of Chicago have sanctioned
a radical experiment in education.
The additionally required four-year
course will be abandoned ard a sys-
tenn substituted whereby a student
may be graduated whenever able to
pass examination requirements. The
undergraduate school and the graduate
college, as such, will be abolished.
The institution hereafter will consist
of the professional schools and five
divisions in arts-the humanities, the
biological sciences, the social Sciences
the physical sciences and the college.
President Robert Maynard Hutchins
says Of the reorganization:
1T means that we shall be able to
coordinate our teaching and to CO.
ordinate our scholarship. The stu
dent who hitherto has been prevented
by departmental limitations from work
ing in fields related to his special in
terest will get such an opportunity
from the divisional program. Co-or-
dination achieved by divisional pro-
gram means saving to the univer-
sity in that duplication of courses will
| be eliminated.
"Our research program will be aided
because the divisional organization
puts in one group all the faculty men,
bers who have a common interest and
relation in their work.
"Those students who wish to obtain
only a general education may get it
as fast as they are able, and If that is
all they want, they may depart from
the university with honor By en-
abling student to acquire general
education as quickly as his ability per-
mits, considerable saving in time
should result for those who wish to
go into professions such as law or
medicine"