Page Four

 

are

ARMOUR TECH NEWS

 

 

can

November l 3, V334

Tuesday,

 

 

 
 

have rendered have been passed by

(Editor‘s "a,“ In this, 1;”. sci-0m] acquisition of the prop own interests as to fail to meet these i awarded scholarships covering tui- made and sound business procedure the Board of '1“ t ,
half “,1 ”1,. lbs! m.,,,.,.,,( ”WW, [W’- question would be a sa . youliu' men, and those who are to . tion and Ices for four years in the is consistently followed in making ms 05' piesented to

sou/I‘d by llr. ll'illm'd E. Heir/rid ‘

 

 

present solution of our plant pi'ob— ‘

follow them, at least half way. Meet

   

‘ Department of Fire Protection ENE"—

collections, losses become negligible.

the families and associates of these
deceased members and mode matters

,,, the “WM ”1‘ Trustees, H”. I" , lem. The location of the DI'OIWV-‘IHQ' them halt , involves under- ilt‘L‘lillL’,‘_ Eight such scholarships were Assuming~ that periods of relative of crni I t _ ‘1
'11,", (“SUMMW H”, financial standing Ly makes it probable l'iom a real writing the present modest deficit awarded in 1933 and the same num- social stability will recur in the flu p an” “an“

This report should not close with-

of 1/1" lll.'i'/l'llll(', 1/10 plain; for u estate standpoint that it could be and it involves also providing: a suit— her in 1034. The total number now ture as they have in the past, a stu- out an ex rm“. f . .
fir/luv 3,7,. ”my film". 1}“. fun“? P031; sold without loss after an occu. able plant in which to operate. in effect is thirtydhi'ee. Beginning dent; whose record justifies him in 1) “"10" 0 dppiecmtion for

(ion of flu» iiisi‘ilulioii in {hr Chicago
mm. and HH’ mlmin’isfI‘ll-lion's policy

pancy of ten or fifteen years.

3. Purchase of a suitable site

Covering the deficit can easily be

accomplished by contributions from

this year the value of these scholar—
ships was increased to cover the Iii-ll

having faith in himself and his fu-
ture may regard properly budgeted

the services which the Board of
Trustees, its Chairman, and the
members of the Executive, Devel-

,,f “Hm", [0mm and scholm‘sl’iips.) and erection of new buildings on it. a considerable number of men ol‘ cost of instruction. This increase borrowing for an education as a 01“an } d P bl‘ RI _
i . . . . . . . ’ In ’ .
A large number of available moderate resources, like many 0i ,e'ci’ierously recognizes the ‘lact that sound investment. Public spirited u m cations Com
__.___..__.._..——

 

Financc and Deficit

W—

In times like the present there is
naturally a measure of anxiety con-
ceining' finance, which the faculty
shares with the trustees and the
administration. However, an oper»
atiny,‘ deficit of $50,000 for the cur—
icnt year compared with the deficit
of past years is distinctly reassur-
ing.

Reference has already been made
to gifts of $45,000 in fulfillment of
previous pledges during the second
semester of l932-33 when the pres-
ent administration began. This
amount constituted in the main final
payment upon contributions to a
maintenance iund which had been
raised to cariy the Institute through
a fivaear period from July 1, 1926,

vacant properties have been
spec-ted, and there is one such
property which seems especially
suitable for our purposes. In or-
der to give a measure of definite-
iiess to the investigation, provi-
sional plans have, been drawn
without burdeiiing~ the budget for
a main Institute building on the
site in question. i
All these approaches involve pro-
vision either I'Or an early disposi-
tion of our present property or else
turning it to some income-bearing
use. With this thought in mind steps
are beini: taken to ascertain what
profitable use might be made of the
property by an eleeniosyiiary iound-
ation or by some public body, but
they have not yet proceeded far
enough to indicate where they may
lead.

in:

those who have already contributed.

Provision for a new plant will prob-
ably require the tapping: of some-
concentrated
With the Institute as now organized
and directed, any one who builds a
monument
dowed physical plant for it may do
so in full confidence that it will not
require other large contributions to

what

IYIOI'l‘

in the

form

wealth.

01'

provide for current operation.

In spite of inonietary difficulties

the members of the stall" are assured

that the outstanding ability and re-
resident
Trustces will be amply equal to the
task in hand, and that others who
the
hcart will come to their aid, once

SOUICBS

have

in tei'ests o i'

in the

Board

C h iciig‘o at

the significance of the Institute in

the life

0 i'

this

mands their attention.

community

an Ell!

of

com—

the regular tuition is far below that
cost.

Funds for scholarships in all ile-
partments from now on should cover
the full cost of instruction. There is
no more ti‘uitful way in which gen-
erous individuals can support high-
or education than by meeting the
full cost of instruction for students,
who, through competitive examina-
tion or otherwise, show themselves
worthy of such aid. Encouraging
persons of means in underwriting a
course of study for promising: stu-
dents should become an important
item in our financial program.

 

 

 

Student Loans

 

 

In many cases it is more desirable
to assist students by means of loans

 

individuals with available funds may
likewise regard investment in an
interest-bearing student loan fund
as sound.

It may be that the Board of Trus-
tees will wish to consider the organ—
ization of a separate corporation as
an agency for securing and admin-
isterinu~ a foundation to provide
loans for Ariiiour students. 11314, that
as it may, it is earnestly rccmnmend~
ed that they include provision for
an adequate loan fund as an import-
ant item in their financial planning.
Board of

Truutoos

 

 

 

The Board of Trustees has been
materially strciiirtl’iencd during the
past year by the following additions
to its membership: Alfred L. Eustice;

mittees have rendered in, keeping,r
the ship afloat in heavy seas. Ap-
preciation is also due to the Alum-
ni Association under the presiden-
cy of John J. Schommer for the
manner in which many difficult
problems have been met and ad-
vanced toward solution.

Faculty’c Patience Recognized

Recognition is due and overdue to
the members of the faculty who
under the most disquieting- condi-
tions have preserved a scholarly
poise and have assumed cheerfully
the. added burdens which it became
necessary for them to carry. The
faculty has collaborated in every
possible way" with the administra-
tion and the Board of Trustees in
helping" to direct the course of the
Institute so that the present difficul-
ties may work no loss of vitality nor

in June 30, 1931. Alumni, l'ac- It is recommended that the Board P- 'l’ r . l' . x-t'bl'i' , than through “Wright stipends EdWin 0‘ Gl'lfl'onhagen; Howard 14' impairment of educational results.
ultv, and students contributed of Trustees take official action to ‘ iovu th a p out and is a lb nut, which do not i'eqtiirc repayment Krum; George {3. Allison; Homer ll. Another source of encouragement,
a substantial amount to finance insure an early and thorough C)“ Inffil'uvtmrll (Hi-atcostocll-skcivxlcu p511” As hin‘l’lor education is gradually (100179"; Gem‘se 1' Hu‘ght; and tempered with inevitable regret, is
the work of the development ploration of the subject of a future w. put 1 I" tu u“ 0 t t mu u L placed on a CUSL'M “my” bag” It James 0‘ McKinsey. Messrs. Eusticc the way i“ Whit—‘11 some 0f the mem-

committee, to which reference was
made early in this report. Together,

Site.

beyond jeopardy, but it will not ex-
haust opportunities for service by

  

 

 

will become increasingly essential to
provide adequate loan funds for stu—

 

Grilfcnhag‘en and Kruin were dos-114%
hated by the alumni.

born of the faculty who have had to
be placed on a part-time schedule

the maintenance fund and the de- contemplated Self Suppo” I’ut’llf‘I-“lyl‘:t:<: filtllt‘m- lfiiltellzl:::l::" dents .Wl'li).‘%0 records make them The mcn‘lberahiplol' the stiindmll' and even some of those Whose ap-
velopment i‘und totaled nearly a :‘iimwiiiiiuld be ‘ ‘2, I I‘m Wm" “Ska- Ale ”19 Wily sound “omm’tl'ees 1" “‘5 “’1 ”WS‘ lioii‘itmcnts could not be renewed
I S ' (l‘ i ,“

million dollars contributed roughly

 

 

Progress to date with the devel-

 

provision

quate scholarships and loan funds.

 

 

 

criticism that can be made against

Excutivc Committee

have recognized the exigencies of

in the ratio of two-thirds from , , _ the cost-of—uervice bflfils 1'0" tinanc— Jame: D. (lunninrham Chairman‘ the Situation and expressed their

large individual contributors and Ollmt‘nt of Industrial research, the in]: education is the fact that worthy Alfred HS. Alschulcr, ‘Ilomer H: loyalty. Such evidence of devotion

one-third {mm alumni, faculty and enlfnullaglhizL ptitk-up iin (wining | Scholarships but impccumous students cannot un— Cooper Geoi'e'e I Haipht Cl’l'ls W makes it all the more a matter of
.‘ Y‘V'Sl‘al , ii an: - ‘. ,. w . 'v . ’ ‘~ ' ’ ’ " ' ... .'

students V W t“ 0" a‘ ‘ m “'d‘“ bu“ “m “’5“ “m“ ”‘L Hills, Jr., Willard ii. llot'chkiss, 1“”an that dunno vast years

crease of about $25,000 from a fifty

 

standpoint of the community and of

Duc t0 extraordinarily careful . . . For some years Armour awarded Sterlinr Morton “0 I’l‘OViSiOH Was made for continu—
. dolla’ increase in tuition surrcst~ ' ‘ ‘ ‘ , ‘ . ' . . . ‘ . . " L7 ' . . . , .
inanagei‘uent. ”"3 maintenance fund that the Institute is well (in itiigwayy one freshman scholarship to each ”‘f "win/IL: 4:51:11an ?0 dominate Instruction and Research Committee in}: stipends t“ womb“? 01 the fac-
actually covered annual deficits for to self-sufficiency in respect to it's m‘bli" high “MOI i” Chicago. Since iiiwrli‘ p“ “IMHO” ly 1? ‘5? h1g1. y James O. McKinscy, Chairman; “It-V Wh" are retired. It 15 hoped that
a “0'1”“ "f ”"0" Wm ”‘de July f .1‘ .1 .. ,- '1 ‘ I933 freshman scholarships have ‘0”"“"“‘““ “I” ."”r‘°‘.t“““y 0‘ Alfred L. Eustice, Robert B. Haiu at a" early date our plans Will have
30, 1933, instead of the live years "mm“ “u” “ma 17'0“”"1 “W“ higher education in privately con- so fay. progressed that this crying

originally contemplated. The annual
operating deficits from July 1, 1926.

 

 

after these years of depression. Our
present plant places a iixed limit, on f

 

 

 

 

 

been awarded by competitive exam-

’ ination held at the Institute in May.

Competition for these scl‘iolarships is

 

trolled schools should notbccome an
exclusive privilege of the well-1,0410.

per, Ernest A. I'IOHI’K‘, Russell Wiles.

Public Relations Committee

iiccil may be met.
Praises Allison's Work

when the maintenance t'und became :fitcndi'n‘u,’but Hilfidmiilht lg hi0,030 i now 004'" to students from acci'cdit- [his doiiLti may b(, foiestallcd llaxold W. 'Mundrly,‘ Lhaii man. Among those whose services

' to h: resent time have 15‘ ycai (ompaiu w‘ m le’ .Vi V, , , ”N , p, . ,,_ throuirh scholarships for students 01 George S. Allison, Altrcd 5. Al- . . .' ‘ ‘ . ,
availale t c p . . . 1 . .. _ . Ld l’lli,“ schools )chldICEh ot looa , _ . should be paiticulaily ieco‘rnized in
been as follows: greater ‘lem'mi 0‘ 0451 3794‘s H" “ t' , - lfl'lll t , “,1, l' 41““, ... exceptional merit and through atlc- scliuler, James D. Cunningham, . ‘ . , , I, f. .

i 19”; dlS‘iV'Ct profile. in “'10 (Ill'eC—l ”m, m U “0 it m M's ii WUC (unto loan funds for students of Paul H Davis I'iwrence A Downs “HS iepoit Is our I‘ieasuici. With

192(- 27 $148 1300 . ‘ . . _ .‘ _ All awarded to students outside of 1111- 1, , .. ‘ i ' ' , ’ "’ ,“ .' ' , .“ unfailing fidelity and zeal he has

. [pig ............ . 115,700 tion of hell-alippOIL It is pioba) c, , nois distinct ability and promise to whom Alfred L. Eustice, Edwni 0. (.vi'if‘f— conserved our scanty iesoui'ces He

1 . _ ‘ With a plan LdPlb L 01 Ul‘llymk l ( Competitive examinations result Ml’lolttlnlllpfi me not avadablc. (.YlI‘laLlJ’l, George I. Iiaiizlit, Robcit has also shown conSi m e skill
1J28-21) 130,100 load that day registration could . , . . B Harper Roy M Henderson ‘m at

, , , . . . ‘ ' , l in Securing! hlg'h grade students and At Armour the Faculty Loan ' ’ , ' _ ’ ' dui-in - this cried of dee dc res-
“L’r‘” 143,30" 900" be stepped up to COW! 1.000 . - . . . . . (‘harles w Hills Ir Willard r g p p 1’
1930,31 147,700 students without changinw the gen- the publicity connected With them is Fund, the Alumni Association Loan ll t'hl:' fi " d I“ R J .. ;' slim in granting students necessary

,. . -r H ' . . h i . lolso advantageous. Nearly two hun- Fund, and the Henry Strong Edu- '0 L ”55’ OW‘“ ‘. rum, .05?!” indolrcnce in their a merits. He
”31 $2 10-1300 era] charactei ol the school or im- . . . J Merrill John J Mitchell William L p y

,. .. . ~ . . . . dred students entered the cornpeti- catioual Foundation have for some ' ‘ ’ ' “ ‘ ., has followed deferred aiments with
1M 5 1147100 pairing the quality of the student . . . . '3 Monroe C Paul Parker George 1) l’

.. , i. M _ tion this y al'. The cost ot these time helped materially in making: it ‘ ‘ ’ ' ’ * such friend] crsistence in collec~
1M. - , 1.2.3.000 body; nm would such a moderatel . h l h' , b l V th’ . rul . O ‘11) 1" ' t} 't dents t 'o W. Rossettcr, John J. Schommcr, ,. h 1y D 1'
103-th ............ 50,000 increase be likely to overstock the ”C ”DU-‘1 105 '9 01"“? ’3 1 it}. 3' lmoan )1 W01 1y b ‘1 > 0 L n Bernard E'. Sunny, George G. Thorp, lions t at osses have been neg lg—

"“"ln 1933 the ending of the fiscal
year was changed from June 30 to
August 3]. This amount, therefore,
relates to a period of fourteen
months.

l
market. for graduates. i

A suitable plant would also per-f
init the development of a wcll-i
rounded summer school and the cx~l
pansion of the evening: school to
provide for a comprehensive pro~i

 

 

budget. There is great need of en—

. dowmcnt

to r

these

and additional

scholarships available for freshmen.

The Institute has a small endows

ment for

scholarships available for

 

upper i-la... men, but there has been

  

tinue in school. In the fall of 1933
the Armour Tech Athletic Associa-
tion voted unanimously to make a
considerable portion of its surplus
funds available for student loans.
A general Institute Loan Commit—

Charles R. Tuttlc.

 

Recognition

 

It must be recorded that two dis-

ible. With concessions made to
more than twenty percent of stu—
dents last year and with over-due
bills amounting: to nearly $14,000
at one time, the. amount still uncolv
lccted is less than $500 and most of

The problem confrontinp,‘ the ln- . . such a shrinkage, of income from “30, “”00" the able chairmanship 01" iinguished members of the Board of this will be paid. Concessions in
stiiute is immediately and definitely gram Of adult education. ’lbesc d‘" the rump; that onlv [hwy-e half- Professor Benjamin 3- Freud, has Trustees have been taken by death payment this year are being made
10 undciwritc this year‘s dCfiCiti and vclcpments m themselves, With?“ scholarships to scniiirs could be, iecently been created to 5009mm during: the past year. Mr. Lester L. to over twenty-five percent of the
f‘JllWVll’il-l' that, ‘0 “NOW and 63"")? , the in“ "f ”Hillsuial. research, WhWh ‘ awarded for 1934 :‘i. It is hoped the granting 0f 103715 and L0 “"ll’y Falk died only a few days after students without any serious danger
through a workable plan l0? the fu‘ l :ouilf‘IVKI-jfil‘fi 3:22:32?“ aviiiiildpiidafi i that this condition may soon be Pml’l’icc and procedure. in this lm‘ the annual meeting;~ a year ago; and of important lossesm '
tui-e. iilv “JV (mg-”j own(load and ‘,;l,0.ir(?li’l(‘.illiiil by additional scholarship portant branch 0’ “Shim“ admin- Mr. Loo F. Wormser was killed in On the strength of this record and

Future Site and Plant

l vidc the necessary teachingF staff to

 

endowments.
For scvcial years a group of fire

istration.

 

The history of loan funds, both at

 

an automobile accident during: the
past summer. Appropriate resolu~

of his long‘ service and devotion to
the Institute, on recommendation of

 

l
!; 13:5?” (3:, 32:31:: cnicimniy WM» i insurance companies, acting through ‘ Armour and elsewhere, indicates l tions of sympathy and of appreciw the President and the Executive
1 {Vi lthc Western Actuarial Bureau, has i that when loans are judiciously: tion for the great service these men (Continued on page .5)

The most pressing- item in any
program looking toward the future
is provision for a suitable site and

:1; t. In a l" ort to the Board of . \ ,
'[Friiistccs duriiiii'ithc summer of 1033 I" approaching these ‘lm‘Sme‘ “f. LEASE DUI‘. THAT HIQHTE THESEUS AND WROGHT HIS FEl-AWEP W3:
some of the seiious consequences the future, Our location in the in'] Q ENE5 1 O'THEK o
that have come from the dctei'iora- dusti'ial capital m- a Sill-“M empire mi 41/; a - A5.“ \i AH I C

tiou ot' the neighborhood in which
Armour is located were set forth in
detail. Since that time, the follow»
possibilities for nicotine: the
problem of an operating plant have
been or are being explored.

i 11,1:

 

 

i
H Future Opportunities
i
l

 

With a popAi

 

lan oiitstan
lula’tion of some five, million withinl
lcommutini: distance and with the
l advantages which accrue to students
ifrom securing their cng‘inei-iine ed.
location in an important industrial,

ding: as:

l

 

1 Temporary move of a majorlscwntific and technical center, ”10‘
portion of the institute L0 a down— ’ potential community service of a‘
,lai‘ge engineering: school like Ar—i

town building, leaving the heavy
laboratories for the time being; at
tlimn Federal Street.

An extensive survey of avail-
able buildings in or near the loop
and of the consideratons that
would bc involved in
part of the Institute down town

has led to the conclusion that thisl

is probably not the best solution
oi’ our problem.

moving a i

‘mour With its entrenched good-will
is (liflpicub. to measure.

. liven with relatively high tuition,

the great majority of our students
lare receiving; their education at a
icost which they could not beg-in to
match at a school so located that,
ithcy would be compelled to live
away from home. Eighty to ninety
percent of Armour students year in
‘and year out come l'rom the immcs

l

 

 

 

 

 

 
 

{i um, )
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dim J M Mimi.
READ CHAUCER

 

   

v!‘

i 9,

T0 TELLE (HE. TREWTi-l
L‘fK A SMOKE THAT

‘fLD AND MELMJWE.’

3

091....)

THE KNioi-u'ise $9 ,
TALE. . /wgf
HD.ME? 9*

v:‘/.

  

r’

  

 

I
'5:

WHYLOM,A3 OLDE STORlES
TELLEN U3. THEE“ A

AFTER EVERY Etching
it? RiNfi-S THE Ehhhl

THERE are two reasons why Prince Albert is called “The

  
 
   
 
    

  
   
   

WA?)

 

FUL OFTE. Pr AH HAN THISE
BANES T030 TOfilDRE ‘f-MET.

 

 

  

 

 

2. Acquisition of an existing- -. , , . - . . n . ‘2 .f _ .
lHlililth- which would house practi— ‘ did“ I'YlLthr)?lllrlll .6?de i iii ”1, If . National joy Smoke” by Pipe smokers. The firs£~it is a .
that twenty- W“ D! I (0m 0 ' Lm secret blend of choice, top~quality tobaccos. The second—

cally all of the Institute’s activities. regularly earn all or a “a”, of their
tuition and that many of them earn 2
north side which would house ii< , their entire expenses is an indica~
t'oi-Lably all of the major at ‘ iion ol‘ what it means to these young
' 'es of the Institute, with neaiuby ‘ men to have such a school at their .
space available for the balance. ‘ doors. ‘
One such building: and fee can In these circumstances, it is 1111-,
probably be secured for considerv think-able that, the leaders of Chi-I
ably less than a million dollars. cairo business and philanthrophy will‘
If this amount were forthcoming. i take so Shol'twslg‘hted a View of theiri

this excellent blend is treated by a special pcocessflwhid:
absolutely removes all “bite." Get a big red tin of P. A.
yourself and find out how good your pipe can really taste.

'l‘herc are buildings on the near

 
   

 

 

 

 

     

   
 

  

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NATIONAL yo?

     

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