PaAade &! Opinion, ("By Associated Collegiate Press) Now another war worse than before. Then another depression worse than before—and what’s the world' coming to? Purely aside from any supposition that we may be drawn directly into the European conflict, the very magnitude of our defense pro gram is so great that it leaves many floundering in confusion as to how we are ever going to pull ^through, whether we shall be able to resume anything like a normal economic life. This view assumes that our defense pro gram is creating and will create so many severe dislocations in our industrial system that accord ing to most economic theorists, later readjustments cannot be made except at tremendous delay and cost. Let’s take a few phases of this problem and try to determine where we are. In the first place, there is no good reason to assume that the gigantic defense program will be ■^suddenly halted even with an abrupt end of the war compar able to that of November 11, 1918. A considerable portion of what we are now undertaking as defense will be long continued. Peacetime uses have been an nounced for new arms plants be ing constructed, and for bomber assembly plants. The same prin ciple underlies other parts of de fense, notably naval and ship construction. A Large Role for U. S. This suggests the constantly enlarging role of the United States—not necessarily a volun tary role—in world affairs. It re quires long-continued and con stantly broadened efforts t o match that role in our commer cial life, to say nothing of the necessary naval and other de fense roles. But what of this peacetime cri sis, the years after the war ? Take an example here. The national re sources planning board finds a present need of 2,500,000 new homes. Despite a growth in home building in the past two years, we have the shortage from the ten years previous. With a fair expansion, to make up this short t 1 , - age after peace comes should re quire ten years. In a study of “Fundamental Economic Issues in National De fense,” Dr. Harold Moulton, presi dent of the Brookings institute, takes note of the fact that “after the World war the existing back log of productive requirements in utilities, and housing served to shorten the period of depression and propel us into a period of rehabilitation and expansion.” Voice of Experience The expansion, however, proved unsound. In this emergency we have an even greater backlog, as well as the experience gained after the last war. This may be used, Dr. Moulton explains, not only in the safe working out of production problems, but of “monetary, banking, fiscal, labor, and consumption problems.” The backlog then is here. There will be a decline in business activity immediately following the war. If the decline is not too severe, this normal backlog will pull the nation through with a more sta ble recovery period. The time be tween peace and the normal ex pansion will see a decline. Fol lowing the decline business itself, aided by the great demand ac crued during the past years and by the carry-over from defense programs, will be able to expand. But what of the period in be tween ? Here the job is government’s. There will be a demand for spend ing on public works and provid ing of relief jobs. The expense will be great, true, added to the vast debt we already have. But there is no alternative. A greater expense for a few years—then a more sound recovery and more lasting period of prosperity. We have no other choice. —William Baker in the Michigan Daily. Westminster Tea A special get-acquainted tea for freshmen men and women will be given at Westminster House on Wednesday from 2 .to 5 p. m. Westminster will also be holding open house all this week. ’ "EUGENE'S FINEST LAUNDRY SERVICE" New Service Laundry 839 High Street Phone 825-826 At Second Glance (Continued from page four) Margaret Walter . . . Kappa’s Bonnie Jean Range and Phyllis Collier ... Pi Phi’s Mary Jane Rabbe and Phoebe Smith . . . Sigma Kappa’s Barbara Parker and Virginia Granquist . . . ZTA’s Marge Pemberton and Barbara Reeder. Male Prizes ATO’s Bob Fugit and Walt Long . . . Beta’s Ken Jackson and Dick Sheahan . . . Chi Psi’s T. H. Willhite and Bruce Jackie . . . Delta Tau Delta’s Bob Pender grass and Bill Simms . . . DU's Duane Clements and Bruce Kirk patrick . . . Kappa Sig’s Bob Pearson and Ted Yaw . . . Phi Delt's Bill Hopper and Rod Tay lor . . . Fiji's Hobart Bird and Cal Hagstrom . . . Phi Psi's Da vid Stone and Bruce Wood . . . Phi Sig’s Jim Parsons and Bill Milbrand ... Pi Kap’s Jim Ram say and Leo Stoeckle . . . SAE’s Ken Hehl and Bill Wilson . . . Sigma Alpha Mu’s Bob Hassen and Allen Asher . . . Sigma Chi’s Bob Morrison and Jack Titus . . . Sigma Nu’s Bor Elandson and Palmer Fallgren . . . Sig Ep’s Kieth Hoppes and Glenn Metcalf , . . Theta Chi’s Dick Schultz and Barney Loomis. FIRST PRIZE: Because Tri Delt Harriet Crawford accepted A1 Stewart’s Delt pin, about the first planting of the new term. Because AOPi Bea Schum re turned her SAE brass, which marks the first breakup of the term. Best example of a good sport was Mrs. Alice MacDuff, assistant Dean of Women, who joined coeds at the Phi Theta party and roller skated with all of them. Musings About Frosh THINGS WE LIKE: To watch freshmen place pictures of home town girls prominently in view, then to have them disappear be fore the term’s over . . . the way the Hello dance is called strictly a no-date affair and then every one comes with one . . . the way knitted ties are flashing around the campus. We checked up and they were popular “way back in 1924.” In fact, quite the rage . . . the a la Brenda Frazier mode of coiffures this term . . . the catchy lyrics to "Chattanooga Choo-Choo” . . . the reason why the staff of th.e Oregana is al ways three-fourths female. Ten thirty rolls ’round awfully fast at night, but as long as you’re work ing . . . calling ordinary ham burgers “Victory steaks” and the conga the “Churchill Kick.’1- You know, one, two, three, kick is easily transformed into dot, dot, dot, dash . . . Columbia’s album if Grofe’s “Grand Canyon Suite” by Kostelanetz, which hits a new high in record reproduction . . . it’s twins for the AOPis . . . more strictly, the pledging of twin sisters Muriel and Marion Olsen , . . the quietness of the library before school starts . . . the ru mor of enrolling campus house dogs into a course called “Barks and Litters” ... no credit . . . ill this talk about the Pioneer doffing his hat . . . and newcomer to Oregon, Joe Holmes, whose handsome appearance took him to Hawaii and back this sum mer. Most-heard records during rush iveek were T. Dorsey’s “Kiss the Boys Goodbye,” L. Clinton’s “Let Me Off Up Town,” G. Miller’s “Chattanooga Choo-Choo” and H. lames’ “For the Want of a Star,” according to downtown sales. Hello Dancers (Continued from page one) tor new students, although, he said, others are welcome to at tend. Winnie Green is in charge of securing patrons and patron esses, Kenny Bowles is in charge if the tags, and Jim Carney will be in charge of the floor. MOST FAMOUS FAMILY IN GREEK-LETTER. HISTORY/ ALL WERE MEMBERS OF