Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 161]

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158

BOARD OF TRUSTEES

[November 28

Messrs. Ingalls and Hamilton reported on how the University Y.M.C.A. will administer the awards of the Bailey scholarships. While the University Y.M.C.A. has complete freedom in the awarding of the scholarships, they stated that it will work with the University authorities through exchange of information to coordinate these awards with awards of other University scholarships. The Secretary read a letter from Dean Paul M. Green of the College of Commerce and Business Administration concerning the plans for the utilization of the trust income which the University will receive to support a Bailey Memorial Chair of Money, Banking, and Finance. A copy of this letter is filed with the Secretary of the Board. At the conclusion of these presentations, Mr. Livingston moved that the Board of Trustees accept the funds made available to it from the Bailey Trust for the purposes specified therein; that the Board of Trustees hereby record its tribute to Mr. Bailey's memory and deep appreciation of what he has done for future generations of students who will be the direct beneficiaries of his generosity and for the public which will benefit indirectly through the continuing contribution of the Bailey Trust to the higher education of young men and women; and that the Board also record its appreciation of the faithful stewardship of Mr. Bailey's attorneys and the executors of his estate. This motion was unanimously adopted.

GRANT FROM NATIONAL SCIENCE FOUNDATION (15) The National Science Foundation has made a grant of $86,700 to the University of Illinois in support of a program for supplementary training of high school teachers of mathematics. I have accepted this grant under the terms and conditions as specified in two letters dated November 19, 1956, copies of which are hereby filed with the Secretary of the Board. T h e grant is in a field in which the University already has established leadership, and we welcome the opportunity to extend the study and exploration of what can be done to improve and accelerate the training of teachers of science and mathematics. T h e grant is both a recognition to those who have done the groundwork which has made the award possible and an opportunity to make additional important contributions. Confirmation of this action is requested.

On motion of Mr. Swain, the President's action was confirmed.

GIFT O F PAINTINGS FROM MR. CUSHMAN B. BISSELL (16) Mr. Cushman B. Bissell has presented the University with the following oil paintings for the Chicago Professional Colleges, and they have been hung in the Chicago Illini Union Building: "Scene in Fountainebleu," by Narcisse Virgile De La Pena Diaz; "Market Street Scene," by G. L a C r o i x ; "Tyroleon Mountain Scene," eighteenth century, artist unknown; "Figures in Landscape," by Charles de L a t o u r ; and "English Portrait," eighteenth century, artist unknown. I have accepted these paintings, on behalf of the University, and report my acceptance for record, but I would take this occasion to express publicly for University students and staff our gratitude for Mr. Bissell's fine contribution to the University's art collections. O n m o t i o n of M r s . W a t k i n s , t h e P r e s i d e n t ' s a c t i o n w a s c o n f i r m e d , a n d t h e B o a r d r e c o r d e d i t s a p p r e c i a t i o n of M r . B i s s e l l ' s g i f t .