"Names make news." names made this news:

Petitioning a California court for permission to invest part of its endowment in common stocks, Stanford University introduced as a witness Trustee Herbert Hoover. At a San Jose hearing Trustee Hoover testified: "The trustees of Stanford University . . . are now confronted with a grave problem. . . . For 50 years much prudence and wisdom have caused the trustees to invest the endowment, now amounting to some $24,000,000, in seasoned bonds and first mortgages. . . . The devaluation of the dollar, the widespread bank credit inflation and the possible menace of currency inflation are the new factors with which the trustees must deal. . . . The theory of devaluation . . . implies a transfer of values from the bondholder to the common stockholder. . . . The question of currency inflation is one of constant discussion in Government and the Press and, while not at the moment more than a menace, it is one which cautious trusteeship must be in a position to meet. The record of similar institutions in Europe under currency inflation is before us, where their endowments were largely wiped out."

Learning that U. S. Supreme Court Justice Louis Dembitz Brandeis had invested $48,000 in City of Pittsburgh bonds, Pittsburgh's ebullient Mayor William Nissley McNair announced he would offer to settle with Bondholder Brandeis for $24,000. Crowed the Mayor: "Justice Brandeis wrote the decision which permits a person to pay off his debts at 50% of face value, didn't he?"*

In the bathroom of his Washington home, Secretary of the Navy Claude Augustus Swanson, 73, skidded, bumped broke a rib.

In fraternal buttons and colored caps, the members of the Co-operative Clubs of Kansas City gave President Frederick Arnold Middlebush of University of Missouri a rousing build-up as guest speaker by singing Sweet Adeline. Guest Speaker Middlebush fidgeted, rose, exploded: "That song arouses no sentiment in me. When I was elected to the presidency of the University of Missouri a few months ago I was forced to give up my quiet home on the outskirts of Columbia and move down on the campus. Every Saturday night since then I have heard the last passing Sweet Adeline never earlier than 3 o'clock in the morning. Last week I bought five acres of land on the Lake of the Ozarks. I am building a cabin there and, when it is completed, Mrs. Middlebush and I will spend our weekends down there to be at least 100 miles from the nearest Sweet Adeline."

* He did not. The decision upholding the Government's right to redeem its obligations in devalued dollars was written by Chief Justice Hughes, concurred in by Justice Brandeis.

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