Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 907]

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904

BOARD OF T R U S T E E S

[May 16

J u d g e Johnson and M r . H o d g e s as members of the University staff as in the past. Mr. Livingston offered a substitute motion that the matter be laid on the table. On roll call, the vote on the substitute motion was as follows: Aye, M r . Davis, M r . Livingston; no, Mr. A d a m s , M r . Cleary, M r s . Grigsby, D r . Meyer, M r . W i e l a n d ; absent, M r . Fornof, Mr. Green, M r . Jensen, Mr. K a r r a k e r . T h e motion was declared lost, and the original motion was adopted by the following vote: Aye, M r . A d a m s , M r . Cleary, M r s . Grigsby, Dr. Meyer, M r . W i e l a n d ; no, M r . Davis, M r . Livingston; absent, Mr. Fornof, M r . Green, Mr. Jensen, M r . K a r r a k e r .

LITIGATION OF W R I G H T ESTATE

On motion of M r . Davis, the special committee appointed October 21, 1941, to confer with the A t t o r n e y General concerning the litigation over the bequest of D r . H a r r y G. W r i g h t , was discharged from further consideration of the matter, and the Committee on General Policy was requested to confer with all parties interested to see whether any settlement can be made, and to report their recommendations to the Board.

REPORT OF FINANCE COMMITTEE

Mr. Davis, for the Finance Committee, presented the following report: In 1936 the University received, in partial settlement of a real estate mortgage on land in Franklin County, Illinois, on which foreclosure was necessary, warrants of that county of a face value of $4,500. Some warrants were used in payment of taxes on the property in question. Warrants of a face value of $2,708.74 remain on hand. On July 14, 1939, the Board of Trustees authorized the sale of these warrants at not less than 75^ on the dollar. No buyer has been found at this price, and the best offer that we have been able to secure is 50% of face value. The Statute of Limitations will be effective on a portion of these warrants in December, 1942. The committee recommends that the previous authorization be modified to provide for the sale of these warrants at not less than 50% of their face value. O n motion of M r . Davis, this sale was authorized as recommended.

PLYM FELLOW IN ARCHITECTURE

T h e Secretary presented for record a report of the a w a r d of the Plym Fellowship in Architecture t o M r . R a l p h E. Myers, with a stipend of $1,200, on M a y 11, 1942.

GRADUATE SCHOLARSHIPS A N D FELLOWSHIPS

T h e Secretary presented also for record the following supplementary list of graduate scholars and fellows appomted by the President of the University on M a y 12, 1942. Accountancy John Grimes Scholarship $300 Ceramic Engineering Harold C. Johnson Fellowship 500 Chemistry David J. Wallace Scholarship 300 Classics Joseph S. Zupsich Scholarship 300 Economics Donald C. Miller Scholarship 300 French Ruth A. Shearer Scholarship 300 German Florence Kuipers Scholarship 300 Mathematics Ray G. Langebartel Scholarship 300 00 Political Science Stuart M. Mamer Scholarship 300 Psychology Louise T. Brightwell Scholarship 3