Page. Two Armour Tech News Student Publication of the ARMOUR INSTITUTE OF TECHNOLOGY 3300 Federal St. CHICAGO, lLLINOlS Published Weekly During the College Year l937 Member I935 associated Collefi‘wie Dress “Entered as second class matter December 8, 1937, at the post office at Chicago, Illinois, under the Act of March 3. 1879.” vigil» 2m $2.00 Per Year Single Copies, 10 Cents Each CONTRIBUTORS It. Kotal, R. Jall‘ee, R. Worcester, W. Chelgrcn, J. Shc‘chan, F. Opila, R. Vandekieft. Faculty Adviser .......................................... W. Hendricks Vol. XXI. May IS, 1938 No. lax Debenture Bonds, Student Union Fee To Finance Prolecl‘ Present plans call for an estimated maximum cost of $110,000. which would include all remodeling, re- building, furnishing, and equipping. As the Institute has not available funds for a project of this nature, the following; plan has been sug» gestcd: l. The Alumni Association, and possibly others, will lend Armour ln- stitutc of Technology $110,000 for the project. 2. Each student will pay to the In- stitute, as a fixed sum for his mem- bership to the Student Union, a max- imum of $3 per semester as part of his student activity fee; night stu- dents, $1.50. Such membership fees would amount to about $8,500 or more each year. Payable in Ten Years To each alumni, or other person, who lends money f0) the purpose, Armour institute of Technology, a corporation, will issue a debenture bond, payable on or before ten years from date of issue, face value $100, hearing at least 4 percent interest, payable annually. Such bond, and from student members of the union. Bonds, by lot, will be paid oil at a minimum rate of $4,000 per year. These funds paid in on the student activity fee will be set aside exclusive ly for the Student Union, and will un— der no circumstances be delegated to any other fund. The initial estimated cost will not be borne alone by present students and those of the next five or six years, but the extra fee will be charged con- tinuously through the coming years to all students, surplus being set up in a Student Union Fund for future ex- pansion and maintenance. Submitted to Alumni Tentative plans call for a program to be submitted to the Alumni Asso» cintion, whereby the Student Union Plan will receive their whole-hearted support for the present year. Each year the association will set itself to— ward some goal useful to the school, and this project would be the one of paramount importance at this time. The idea of a Student Union, and a Student Union Fee. is not new with Armour Institute, but is in practicc at all leading schools throughout the country. Armour Institute, in under— taking this plan, is falling into step with the more progr sive educational institutions in giving the student a better away-from-classes school en- vironment. Obviously such a Student interest, will be payable solely and Union will greatly add to the social exclusively out of the dues collected l life of the Armour student. ARMOUR TECH NEWS Align. Runoff Election, Fridoy Yesterday, Tuesday, May 17, wit— nessed the primary election which de- termined the men who are to he the finalists in the Armour Tech Student Association election run-oil" which is to be held Friday, May 20. These finalists are E. Worcester and L. Nor- kus for the office of first vice-presi- dent; T. Collier and P. Henrikscn for the office of second vice»president; D. Mackcy and l“. Opila for the office of secretory. These finalists were nomi- nated from a group of four men for each office. These men, in turn, were nominated by an election board con- sisting: of E. Worcester, W. Chelgren, N. Rice, P. Henriksen. and R. Vande- kieft. The first vice~presidcnt is elected from the present Sophomore class and is a Junior when he takes office. The first vice-president serves as chairman of all committees pertaining to the A.T.S.A. and automatically succeeds to the office of president in his Senior year. The secretary is ellctcd from the present Sophomore class and is a Junior when he takes ofl'icc. The sec- retary kei’ps a record of all proceed— ings of the A.T.S.A. meetings. The second vice-president is elected from the Junior class and is a Senior when he takes office. it is the duty of the second vice-president to as some the office of president in the absence of that member. Final balloting for these offices will he held in the Main Building, Friday, May 20, from 9:30 to 2:30. Inasmuch as these oll‘icers reprc“ sent the entire student body, every student should turn out and vote for one of the two men nominated for each office. Do not fail to check one of the spaces provided opposite the pertinent questions proposed at the bottom ol,‘ the ballot! PLAN TO ATTEND THE MASS MEETING THURSDAY MORNING. VOTE FRIDAY] emission... (Continued from page 1) making, freehand and mechanical drawing, designing, dress—cutting and millinery. When Armour Institute of Technology opened its doors in 1892, the Mission was included among the campus buildings. At one time, the Mission Sunday School was the largest in the world. Church services, under the direction of Dr. George L. Scherger, pastor of the Mission, were held in the as— sembly hall until five or six years ago. Since its construction, the Armour Mission has already undergone sev- eral changes. In 1900, the bookstore was moved from its initial location in the basement of the Main Building. The faculty club was inaugurated in 1905 and was installed in its rooms in the basement of the building. The faculty club now includes a card room, billiard room, and reading room. In 1933, the cafeteria was moved from its location in the field— house at; the north end of Ogden Field. Now in 1938, the Armour Mission will maintain its exterior appear» once as a sacred tradition, but the interior will be remodeled in keeping with a Student Union ideal. Action Follows Recent "Tech News’ Qampoign Discussed and thought of for many years, the Armour Student Un- ion Plan cannot be traced to any one person or group. Almost all colleges and universities have a student gratin orinyr place or social building, and it. has bscn evident that Armour locks such facilities. However, until this present school year, no definite oteps have been taken towards the l’ori‘nulation ol‘ a program. This your, various student groups have tallied among- themsclves and with Institute authorities about plans in- volving a rehabilitation of Armour Mission, thus transforming it into a spacious student building. The Stu- dent Union idea has been brought before the eyes of the student body through the columns of the Tech News. Wednesday, May l8, l938 May l6. l938 To the Chairman of the Board of Trustees, the President, and the members of the Executive and Finance Committee of Armour Institute of Technology: Gentlemen: As you know. one of the greatest needs of the student body at Armour Institute is a common meeting place—«a social hall, which is ordinarily called a Students Union. As you also know, some of us have been considering care- fully the feasibility of converting a portion of Armour Mission into such a meeting place. I estimate the cost of the conversion at not to exceed $40,000, including furnishings and equipment. I know that Armour Institute of Technology has not the funds available for the purpose, but I believe that, with your approval and assistance, the money can be raised. The suggested plan. in general, is as follows: I should like to submit to the Alumni Association the idea that they, and possibly others, should lend Armour lnstituie of Technology, $40,000 for the purpose. I should like to submit to the student body that each stu- dent pay to Armour Institute of Technology a fixed sum as his membership fee for belonging to the Student Union. I think that a semester fee of $3.00 for clay students and $1.50 for night students will be adequate for the purposes. Such membership fees should produce $7,500 or more each year. To each alumnus, or other person, who lends money for the purpose, Armour institute of Technology, a corporation, will is‘ sue a debenture bond payable on or before ten years from date. Each debenture will bear interest at a fixed rate, say 4% or 5%. payable annually. The debentures will be payable solely and exclusively out of the clues collected from student members of the Union. Thus there will be no general obligation on the part of the |nstitute~ no increase in its general corporate debt. Details of the plan necessarily must be worked out later. Such details, among other things, will include reasonable assur- ance that the moneys derived from dues will be segregated and a fixed percentage thereof made available for the payment of principal and interest on the bonds. I calculate that $4,000 is the least that can be retired annually. I have discussed this matter with general counsel for the Institute and find no objection in principle to the proposal. Will you therefore consider the matter at your earliest op- portunity and let me know what disposition you make of this pro~ posed plan for a Student Union? Respectfully submitted, D. P. MORETON Director of Public Relations.