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Caption: UI Library School Alumni Newsletter - 27
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Alumni .Yews Letter be s ,,f Librarv Science at the University of Michigan Library School expressing pj>rcci;ition of her service to the profession. ' «» he Nominating Committee composed of Ethel Bond, Delia Sissler and Kudolph Gielsness, Chairman proposed the following officers for 1938-TOPresident. Alice Coldren; 1st Vice-president, Flora Eckert; 2nd Vice-president Nelle Branch; Secretary-Treasurer Josie B. Houchens; Trustee of the Endowment Fund, John b. Ueavinger. All were unanimously elected. The Association is indebted to the local committee for a delightful dinner and program TREASURER'S R E P O R T June 15, 1937-June 3, 1938 Balance forward ^^H Receipts v' Life memberships. $120.00 Annual memberships 92.00 nterest 36.50 From Illinois Foundation to apply on Endowment F u n d . . . 9.50 Loan repaid 25.00 Expenditures Loans to students Incorporation fee A.L.A. New York Telegrams News Letter No. 25 Endowment Fund Assets Outstanding loans to students Investment: Citizens Building & Loan at 4 ^ % Investment: University of Illinois Women's Club, 5% 1st mortgage bond In closed First National Bank ( U r b a n a ) In closed First National Bank (Champaign) Total Liabilities Cost of News Letter No. 26 not billed yet, estimate 225.00 600.00 500.00 147.91 56.45 75.00 1.00 15.00 1.00 66.59 134.50 C A JU ^ 306.93 283.00 589.93 . 293.09 296.84 1 529.36 $1 826.20 100-00 $1 726.20 The attention of the Association is called to the need for increasing the annual membership list. Evidently the younger graduates are not supporting the Association with as much interest as might be expected; also there are many of the older members who have never joined. Since the cost of the News Letter is defrayed from the annual memberships, an increase in income is desirable. Attention also is called to the report of the Chairman of the Endowment Committee in which Mr. Cleavinger explains that, owing to the prevailing low rates of interest, the capital sum of about $7,000 is yielding only enough for the \lumni Scholarship. It is desirable for more people to join as Lite Members so that this fund may have a slight margin to take care of any further lowering interest r*it(_**•* Two News Letters have been published. Several loans have been made to Students who would otherwise have been unable to finish the year. The record (n these loans is excellent, all having been repaid as they fell due. JOSIE B. HOUCHKNS, Scrrctary-Trcusurcr la
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