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Bates College Financial Statistics Indicate Sound Bates College SCARAB The aB tes Student Archives and Special Collections 10-6-1978 The aB tes Student - volume 105 number 14 - October 6, 1978 Bates College Follow this and additional works at: http://scarab.bates.edu/bates_student Recommended Citation Bates College, "The aB tes Student - volume 105 number 14 - October 6, 1978" (1978). The Bates Student. 1780. http://scarab.bates.edu/bates_student/1780 This Newspaper is brought to you for free and open access by the Archives and Special Collections at SCARAB. It has been accepted for inclusion in The aB tes Student by an authorized administrator of SCARAB. For more information, please contact [email protected]. VOLUME 105, NUMBER 14 ESTABLISHED 1873 OCTOBER 6, 1978 ,n,*N <r °u % &w BATES COLLEGE FINANCIAL \ *f V X%^ STATISTICS INDICATE SOUND PRACTICE by Jon Marcus are found in other securities. come of $973,637 was noted, with Senior Reporter Railroad bonds represent over $1 "auxiliary enterprises" earning million of the invested funds; and $1,991,419. Thus. 1977-1978 total foreign bonds comprise $239,515 revenues were $9,450,889. Although this past year's of the assets. The remaining Expenditures totaled annual financial report is $3,574,110 of the endowment $8,104,175. They included an currently in preparation and will funds is invested in public utility educational and general in- not be available until the end of bonds, preferred stocks, bank structional and research budged this month at the earliest, and insurance stocks, real estate, (which contains most professors' comparisons can be made with and separately held investments. salaries! of $2,210,491. Because the year ending June 30, 1977 to Endowment investments total salaries and salary allotments by get an idea of the budget of the more than $13 million. Total department are kept con- College, where the money comes annuity assets are almost $1.5 fidential, academic and support from and where the money goes. million, and special fund assets salaries are included in depart- Tuition is, of course, a sizable (temporary investments! total mental expenditures. Other portion of the income of Bates almost $3 million. expenditures include public College, but not just through its Hates College plant assets, or service ($44,494), academic direct acquisition. The tuition, value of land, buildings and support ($580.8271. student Where The Money Came From . which is received twice a year, is equipment, totals $14,219,473. services ($538,386), institutional invested in short term securities. Development fund assets come support ($1,129,728), operation In fiscal year 1976-1977, these to $26,978; and a value of and maintenance of plant securities earned $120,000. $108,501 is posted for television ($713.4431. scholarships and On June 30, 1977, the market station WCBB. Total assets come student aid ($856,643) and value of all securities (in- to $32,625,217. mandatory expenditures vestments of endowment funds) Heading the list of revenue ($15,498). Expenditures for exceeded the cost or book value sources of the College is, of auxiliary enterprises totals by $2,235,459 or 12.7%. course, tuititon which brings in $2,014, 661. an amount ap- $2,981,882 is invested in US $4,819,355. Government grants proaching the expenditures for Government bonds: common represent $113,969 of revenues; educational and general in- stocks represented a $5,262,540 gifts and private grants total structional and research ac- investment; assets of $2,036,999 $1,339,190. An investment in- tivities. LEWISTON RESIDENTS' OPINIONS ABOUT BATES PROVE SURPRISING by Tad Baker library to use the copying have in the past gotten a little Senior Reporter machine. In general the library out of control at the Goose, they In the wake of recent violent appears to be our best link with have not been any worse than incidents with "townies." a Lewiston. Many residents come the local tipplers. random survey was recently and use this facility. Of all the people asked in undertaken by The Student in Lewiston High was visited to various areas of Lewiston. not (Based on Fiscal Year 1976-1977) order to determine exactly how find out younger people's at- one negative reaction was given. Lewiston residents felt about titudes toward Bates. When the subject of violence Batesies. The results were Suprisingly, there was once between Batesies and townies somewhat surprising. again no negative reaction. was brought up, most people While a certain amount of Everyone asked seemed registered surprise and outright animosity towards Bates was friendly, but were for the most shock. There were, however, . Where The Money Went expected, in fact people showed part fairly oblivious to Bates' several indicators that not nothing but good will toward the existence. Comments like "It's everyone loves Batesies. When college. Most of those questioned supposed to be a good college;" on Lisbon Street, ft was Debate Cancelled knew virtually nothing about or "You have a nice library;" or suggested that while I was Bates and claimed that despite "I've never met anyone from perfectly safe where I was, I by Donna A very commit himself, although each the college, Lewiston is far from there," were commonplace. should not venture any further On October 3, a Gubernatorial said that he would consider it. As a college town. Lewistonites in The Blue down the street if I valued my Candidates Debate was the summer passed, no af- On lower Lisbon Street, Goose were asked their opinions health. The explanation given me scheduled to take place in firmative answer was given, but reaction to Bates was sur- as they do have some contact for this was that Lewiston has a Schaeffer Theater. But, due to the candidates did imply that prisingly positive. A group of with Bates students. The general high population of low income withdrawals from two of the they probably would debate. young men standing outside a concensus was that they get people and many of them find it three candidates, it had to be As the scheduled date ap- working class bar felt that they along pretty well with Batesies difficult to relate to Bates and cancelled. proached, it appeared that the never saw any students and held and, referring to Batesies, "They college students in general. In early June, the Lewiston- debate would take place; nothing against them. They did make the Goose pretty lively in Personally I feel that I came Auburn Chamber of Commerce so Judy Marden blue-slipped express a desire to see more the fall." Though Bates people (Continued on Page 12) contact the three candidates - Schaeffer Theater. Soon after, Bates co-eds around the city. Joseph E. Brennan, Democrat, though, Brennan and Palmer Various other passers by were Linwood E. Palmer, Jr., pulled out. • queried with much the same Republican, and Rev. Herman C. "Both the Democratic and results. One lady claimed that Frankland, Independent. Not Republican candidates did not she only knew about Bates one of the candidates would (Continued on Page 12) because she often went to the • 2 THE BATES STUDENT, Oct. 6, 1978 » » » » R.A. Communications » 1978-1979 Representative Assembly » l I » Committee Reports Officers of the R. A. Greta Westphal Michelle McGee I President-Jack Meade Julie Zyla Stillman House * by Jeffrey Lyttle presented with the proposal from Vice President-Tim Connolly Milliken House Gary Pachico » Junior Reporter the By-laws Committee. The Secretary-Leanne Gulden James Doble Turner House IJ proposal was, in effect, that » Treasurer-Carl Neilson Mitchell House Mike Ruch » The Representative Assembly future nominees for the Com- Frank Ficarra Webb House * held its second meeting on Sept. mittee on Committees are to be » Moulton House Steve Therriault * 25. President Jack Meade and brought before the whole » Chaae House Mark Define Wentworth Adams » » » Vice President Tim Connolly Assembly before they are voted » Bill Carey Page Hall Jeff Lyttle * presented the names that they upon. The purpose of this i Cheny House Bill O'Connell Brent Smith * had picked for the positions on amendment is that the Assembly Debbie Atkins Gerry Donahoe Jamie Bedard the Committee on Committees. is able to direct questions to the Karen Hennessy Dave Greaves Dave Robinson All nominees were elected by the individuals picked by the i Clason House Mike Kastrinelis Whittier House Assembly. The procedure of Melissa Bonney Parker Hall Judy Hendy President and the Vice * appointment of members to the President, thus making the » Davis Leadbetter Kippy Fagerlund Wilson House Committee on Committees met procedure more democratic. Nancy Riopel Anne Kingston Nancy Higgins » » opposition and as a result a After the proposal was put on Frye House Janet Richards Women's Union * Claudia Hall * movement was made and the floor for debate it was » Joline Vaillancourt Debbie Loux seconded that the By-laws ratified by a two-thirds vote. Hacker House Parsons House Wood St. House lj * Committee make a proposal for Five more student-faculty » Anita Bernhardt Colleen Stapleton Clark Yudyski amendment to the Constitution committees were also voted Hedge Hall Pierce House Smith North of the Assembly on the voting » Barb McCord Bryan Gustafson upon; all nominees were elected. Nate Wentworth * procedure. The Assembly also Below are the committees and Brad Smith Rand Hall Stephanie Weiss Smith South elected candidates to the Student their new members. Herrick House Steve Doppler » Conduct Committee and the Admissions/Financial Aid Myles Fried David Pier Dick Perez * » » Educational Policy Committee, Committee * Howard House Roger
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