Repository: UIHistories Project: Board of Trustees Minutes - 1924 [PAGE 97]

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94

board of trustees

[December 15,

MATTERS PRESENTED BY PRESIDENT K1NLEY The Board considered the following matters presented by the President of the University. BEQUEST FROM JOSEPH RALSTON MORRIS (1) A recommendation that the following resolution be adopted: W H E R E A S , J O S E P H R. M O R R I S , deceased, late of the County of Anne Arundel, Maryland, by his last will and testament, now duly probated in the county and state aforesaid, bequeathed to the Board of Trustees of the University of Illinois the sum of Ten Thousand Dollars ($10,000), as appears by a copy of the last will and testament of said Joseph R. Morris hereto attached, and made a part hereof; and W H E R E A S , said last will and testament contains the following provision, among others: "To the Board of Trustees of the University of Illinois, the sum of Ten Thousand Dollars ($10,000) to be held by it as a permanent fund to be loaned to worthy students of the University of Illinois who shall be in need of funds to enable them to continue as students in such University. The funds shall be loaned in sums not exceeding Four Hundred Dollars ($400) at any one time, and shall be loaned upon such security and at such rates of interest as m a v be determined by said Board of Trustees." A N D W H E R E A S , J. M . Morehead, Executor of the said Estate of James R. Morris, deceased, has paid over and delivered to the Board of Trustees of the University, the sum of Ten Thousand Dollars ($10,000) in full payment of the bequest aforesaid; N O W , T H E R E F O R E , the Board of Trustees of the University of Illinois, acting under and by virtue of a resolution of the said Board of Trustees, in consideration of the premises and of said bequest, hereby agrees to hold and use said sum of money as a permanent fund to be loaned to worthy students of the University of Illinois in accordance with all the terms and conditions of the said bequest, and of the terms and conditions of the last will and testament of the said James R. Morris, deceased. O n m o t i o n of M r s . E v a n s , the foregoing resolution w a s adopted, the President of the B o a r d w a s authorized to sign the release, a n d the Comptroller w a s authorized to sign a n d execute the necessary papers a n d to receive the m o n e y o n behalf of the University.

FATIGUE PHENOMENA OF METALS, CONTRACT EXTENDED

(2) A statement that the General Electric Company recently offered the University $7,500, in addition to the $30,000 already contributed by the same Company, for a continuation of the investigation on the Fatigue Phenomena of Metals, to cover the following points: (1) The completion of the work now in progress on reversed bending stress superposed upon steady tension; and (2) tests on two non-ferrous metals, monel metal and aluminum-monel metal. Since this offer involved merely an extension of the existing agreement between the University of Illinois and the General Electric Company under the same conditions as to publication, availability of data to the public, advisory committee, and the like, I authorized the Comptroller to inform the General Electric Company that w e would accept the money in accordance with the terms of the present agreement. The Comptroller has done this, and has received acknowledgments from the General Electric Company, and also from the Engineering Foundation, as a result of which the $7,500 will be available. This report w a s received for record.