Repository: UIHistories Project: Board of Trustees Minutes - 1944 [PAGE 441]

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BOARD OF TRUSTEES

[July 28

UNIVERSITY SCHOLARSHIPS (4) On September 27, 1940 (Minutes, page 45), the Board approved a recommendation from the Faculty Committee on Fees and Scholarships for the establishment of new undergraduate scholarships to be known as "University Scholarships." The Committee's recommendation was that each year there be available as many scholarships as there are Agriculture and Home Economics Scholarships unused in the preceding year, and that "Each applicant must be either a student in the University of Illinois or a candidate for admission who has fulfilled all the requirements of the University for entrance as a matriculated student." T h e Board limited the number of "University Scholarships" to ten each year and, under date of February 21, 1941 (Minutes, page 195), provided "that the scholarships are to be awarded to members of the sophomore or higher classes." The Committee on Special Undergraduate Scholarships calls attention to the original recommendation made to the Board that these "University Scholarships" be open to freshmen. Each year the University has applications for scholarships from prospective freshmen of high scholastic standing some of whom can not attend without such aid. T h e r e are very few scholarships available to such students and the Committee is forced to act unfavorably on many applications because of the scarcity of scholarships. T h e Committee therefore recommends the extension of "University Scholarships" to prospective freshmen. I concur in the recommendation of the Committee. O n m o t i o n of M r . D a v i s , t h i s r e c o m m e n d a t i o n w a s a d o p t e d . A N N U A L REPORT ON CARTER-PENNELL FARMS (5) T h e Dean of the College of Agriculture submits the annual report of the Carter-Pennell F a r m s covering the farm year, March I, 1942, to February 28, 1943. This report covers the operations of two farms in Vermilion County held by the Board of Trustees of the University in trust, and the net proceeds are used as a loan fund to aid students. T h e net income of the two farms for the year was $3,895.37, which is the largest annual net income that the University has received during the twenty years it has owned and operated the farms. The operating account now has a cash balance of $5,404.32. T h e committee in charge of the operation of the Carter-Pennell Farms recommends that $2,000 of the cash balance be transferred to the Student Loan Fund. T h e remaining balance of $3,404.32, plus the value of saleable crops and livestock on hand amounting to $4,317.50, will make an ample reserve to provide for operating expenses and all improvements needed at this time. T h i s r e p o r t w a s r e f e r r e d t o t h e C o m m i t t e e o n A g r i c u l t u r e for recommendation. RENEWAL OF AGREEMENT COVERING STEEL CAR W H E E L INVESTIGATION (6) T h e Director of the Engineering Experiment Station recommends approval of an agreement with the Technical Board of the Wrought Steel Wheel Industry, 1 for a cooperative investigation of the causes of failures of wrought steel car wheels in service, and their prevention, by the University. The agreement is for a period of one year from July I, 1943, and the Technical Board agrees to pay the University $5,000 in advance to cover the cost of work done during the first six months and to advance an equal amount if the program proposed for the second six months is approved by both parties. This is a continuation of an investigation which has been under way for several years and the proposal is in reality a renewal. T h e Director of the Engineering Experiment Station requests that the Board of Trustees waive the requirement that equipment purchased with the funds contributed for this investigation shall become the property of the University. There are five companies

1 This is composed of representatives of the following manufacturers of wrought steel wheels: American Rolling Mill Company, Bethlehem Steel Company, Carnegie-Illinois Steel Company, Edgewater Steel Company, and Standard Steel Works.