Repository: UIHistories Project: Board of Trustees Minutes - 1928 [PAGE 584]

EXTRACTED TEXT FROM PAGE:

1928]

UNIVERSITY OF ILLINOIS

58l

and Business Administration that the third and fourth years of the curriculum in Foreign Commerce be modified, as follows: Required Courses to be Struck from Curriculum Junior Year Business Organization and Operation 2 (Marketing Organization and Operation) 3 hours History 3 (United States History) 6 hours Economics 29 (Foreign Commerce and Commercial Policies) 3 hours Economics 10 (Corporation Management and Finance) 3 hours Senior Year Economics 31 (Organization of Foreign Commerce) 3 hours Business Organization and Operation 7 (Salesmanship) 2 hours Advanced History (Elective) 6 hours Political Science 7 (American Diplomacy) 2 hours Required Courses to be Added to Curriculum Junior Year Economics 31 (Organization of Foreign Commerce) 3 hours Economics 30 (World Markets) 3 hours Senior Year Transportation 22 (Ocean Shipping) 3 hours O n motion of M r . Barr, these modifications were adopted. LOAN FUND REGULATIONS (25) It seems desirable to codify our procedure in making loans to students from the various funds. I asked the Comptroller and Dean Clark to make suggestions, which I submit herewith and request that the matter be referred to the Finance Committee of the Board. This matter w a s referred to the Finance Committee. BEQUEST OF ANNA J. VOODRY (26) In 1907, Mrs. Anna J. Voodry left a Last Will and Testament in which she bequeathed the residue of her estate in trust for the benefit of her son, Earl C. Voodry, and after his death to the Board of Trustees of the University of Illinois. (See Minutes, June 8, 1908, page 523; July 8, 1911, page 208.) Mr. Paul F. Beich was named Trustee to handle the funds during the lifetime of Mr. Earl C. Voodry. Mr. Beich has been acting as •Trustee of the fund and paying the income to Earl C. Voodry, now living in Chicago. The estate now consists of two vacant lots in Tolleston, Lake County, Indiana, and some $2,600 which has been invested in bonds. The above information comes to m e in a letter dated March 20, from Mr. John M . Sullivan, Attorney, Bloomington, Illinois. Mr. Sullivan further states that Mr. Beich now desires to be relieved of the duty of acting as Trustee and intends tofilea petition in the Circuit Court to ask that the American State Bank of Bloomington be appointed Trustee to handle the fund during the lifetime of Earl C. Voodry. In accordance with the advice of our Counsel, I have advised Mr. Sullivan that the University will not object to the transfer of the trusteeship of the Voodry Estate from Mr. Beich to a bank. In writing Mr. Sullivan, I stated that, on information from Judge Harker who handled the case for us originally, the estate originally included about $5,000 in personal property as against $2,600, the amount stated by Mr. Sullivan as the present value of the personal property. I wrote Mr. Sullivan : "Our Legal Counsel advises m e that w e ought to see the reports of the Trustee and' suggests that I ask you to inform us what has become of the difference. If you can kindly comply with this request, I shall be much obliged."