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Caption: Board of Trustees Minutes - 1938
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634 BOARD OF TRUSTEES GIFTS TO THE UNIVERSITY [February n (20) A report of the following gifts received by the University since the last report was received by the Board: 1. The American Legion Auxiliary, Department of Illinois, a cash prize of $50 to be awarded to the candidate in the first year (junior) of the advanced course of the R.O.T.C. who has been the outstanding competitor in the inter-unit varsity and freshman small-bore rifle matches and who has contributed most to the success of his teams during his previous three years in the R.O.T.C. The award will be paid to the University and credited to the account of the cadet selected as partial payment of University fees and other charges, and any unused balance shall be paid to the cadet. The regulations confirming the selection are to be prescribed by the Professor of Military Science and Tactics. 2. Certain objects of art from Miss Carolyn Wicker, 72 East Eleventh Street, Chicago, to the Museum of European Culture. Standing gilded wood figure. Amida, the Buddha of Boundless Light. Late Tokugawa Period (i8th-i9th) 1603-1867. Japan. Pair of bronze guardian lions, eighteenth century or later from Burma. Seal ring of gilt bronze and enamelled decorations with concealed receptacle. 3. The Sangamo Electric Company, Springfield, Illinois, one No. 3-6101-D, 115-volt 60-cycle flasher valued at $7.48 to the College of Agriculture. 4. The Studebaker Corporation, South Bend, Indiana, one hydraulic brake of the latest type used on Studebaker cars, to the Department of Mechanical Engineering. 5. Mr. M. L. Willis, Manager of the Western Union Telegraph Company, Champaign, Illinois, one undulator (a tape-writing instrument used for registering low frequency "brain waves" and similar phenomena) to the Department of Psychology. This report was received for record. INVESTMENT O F E N D O W M E N T F U N D S At this point, Mr. Moschel, for the Finance Committee, presented a recommendation t h a t the Finance Committee be authorized, in its discretion, to sell $10,000 Pennsylvania Power and Light Company First, *X%, 1981 $ 9,000 Texas Power and Light Company 5 % , 1956 and to purchase $ 5,000 California Water Service First, 4 % , 1961, approximate price 99 $ 5,000 Bethlehem Steel Purchase Money 6%, 1998, at about 130 $ 5,000 Chicago District Electric Generating Company First, 4K%> 197°. a t about 105 On motion of Mr. Moschel, this authority was granted as recommended. FEATURE ARTICLE IN CHICAGO SUNDAY TRIBUNE At this point, Mrs. Plumb called attention to a misleading and inaccurate feature article in the Chicago Sunday Tribune of February 6, 1938. The President of the University made a statement and presented
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