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Caption: Board of Trustees Minutes - 1954
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392 BOARD OF TRUSTEES [September 24 Statement of D o c t o r IvyPresident Stoddard presented the following formal statement from Doctor Ivy who was unable to present it in person because of illness. "Once again premature and distorted publicity has misinformed the public about Krebiozen. "Instead of finding Krebiozen ineffective, the Cole Committee Report has agreed with my previous conclusions, namely, that favorable changes occur with sufficient frequency after the administration of Krebiozen as to warrant further careful investigation. "I commend the Committee because it was the first medical group actually to inspect some of the patients treated by those physicians who have had the most experience with Krebiozen. While the Committee saw only a few patients, this was a vast improvement over previous reviewing groups. "As soon as I have fully recovered my health, I shall start to prepare for scientific publication my own report of the analysis of observations made on some 500 patients. Finally, I view the report of the Cole Committee and what its appointment by President Stoddard really symbolized, as a victory for the freedom of research in our country. It upholds the right to investigate any possibility for saving human lives.'' A. C. IVY, Ph.D., M.D. September 24, 1952 On motion of Mr. Johnston, seconded by Mr. Megran, the recommendations of the Research Validation Committee and of the President of the University were approved. Mr. Hickman asked to be recorded voting " n o , " stating he felt that no action by the Board of Trustees is indicated at this time. On motion of Mr. Fornof, the Board voted to join with the President of the University in expressing formally to the members of the Research Validation Committee the thanks and appreciation of the Trustees for their services. Mr. Fornof brought up for discussion the premature publication in a Chicago newpaper of the report of the President and of the findings and conclusions of the Cole Committee. M r s . Watkins and Mr. Johnston also commented on this. APPOINTMENT OF ILLINOIS TRUSTEE FOR BESSIE SECOR TRUST A perpetual trust, consisting of the residuary portion of her estate, was created by the will of Bessie Secor, deceased, late of Los Angeles, California. One-sixth of the net income from the trust property is to be paid by the trustee quarterly to the University for the purpose of maintaining scholarships in electrical engineering. T h e Security-First National Bank of Los Angeles has been acting as trustee. At the time of her death Bessie Secor owned certain mineral interests in land situated in southern Illinois, the exact extent and nature of which has not been determined. Among them is a half-interest in the minerals, including oil and gas, under a forty-acre tract near Odin in Marion County. T h e Texas Company desires an oil and gas lease covering that tract and is willing to pay a bonus of $300 for a lease of the usual type covering the interest of the trust in the land. T h e California bank is not qualified under Illinois law to act as trustee in this state. It has suggested that the University, as the sole Illinois beneficiary of the trust, secure the appointment of the Old National Bank of Centralia as Illinois trustee so that the latter can enter into the lease. In addition to the bonus, the T e x a s Company is willing to pay the
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