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OF DELTA SIGMA PI MARCH I 9 5 0 McFARLIN LIBRARY on the University of Tulsa campus is the study center on that campus. Our Beta Chi Chapter was installed there in 1948. THE INTERNATIONAL FRATERNITY OF DELTA SIGMA PI Professional Commerce and Business Administration Fraternity Delta Sigma Pi was founded at.New York University, School of Commerce, Accounts and Finance, on November 7, 1907, by Alexander F. Makay, Alfred ~oysello, ~arold V. Jacobs and H. Albert Tienken. Delta Siama Pi is a professional fratermty orgamzed to foster the study of business in uni v ersities~ to encourage scholarship, social ac~ivity and the associa tion of students for their mutual advancement by research and practice; to promote closer affiliation between the commercial world and students of commerce; and to further a high standard of commercial ethics and culture, and the civic and commercial welfare of the com· munity. The Central Office 222 W. Adams Street, Chicago 6, Illinois. Telephone: Randolph 6-6954 H. G. WRIGHT, GRAND SECRETARY-TREASURER .. .... J. D. THoMsoN, AssiSTANT GRAND SECRETARY-TREASURER The Grand Council Grand President: WALTER C. SEHM, Alpha Epsilon, Minnesota . ......... .. ............ 490 N. Snelling Ave., St. Paul4, Minn. Grand Secretary-Treasurer: H. G. WRIGHT, Beta, Northwestern . ......... .. ..... ... 222 W. Adams St., Chicago 6, Ill. Eastern Region: J. HARRY FELTHAM, Chi, Johns Hopkins .. ......... ......... Robert Garrett & Sons, Baltimore 3, Md. Southeastern Region: H. CLYDE KITCHENS, Kappa, Georgia (Atlanta) ...... ............ 915 Rosedale Rd. N.E., Atlanta, Ga. Central Region: ]OHN F. MEE, Nu, Ohio State .......................... ..... ... Indiana University, Bloomington, Ind. Midwestern Region: HENRY C. LucAs, Alpha Delta, Nebraska .. .... .......... 1414 First National Bank Bldg., Omaha, Neb. Southwestern Region: WILLIAM R. MERRICK, Beta Iota, Baylor ....... ............... ... 4416 Bowser Street, Dallas, Texas Western Region: FRANK C. BRANDES, Kappa, Georgia (Atlanta) .... .......... Retail Credit Company, San Francisco, Calif. At-Large : RoBERT G. BussE, Beta Omicron, Rutgers ............. ... .. .. ... 3401 Old Colony Rd., Kalamazoo, Mich. At-Large: RuDOLPH JANZEN, Alpha Epsilon, Minnesota ..... ..... ..... 2412 University Ave. S.E., Minneapolis 14, Minn. Past Grand President: ALLEN L. FOWLER, Beta Nu, Pennsylvania ......... .. .......... 812 Packard Bldg., Philadelphia 2, Pa. WALTER STEPANEK, Beta Tau, 1635 Brainard, Cleveland, Ohio CO MMITIEE O N NOMINATIONS EXECUTIVE COMMITIEE CHAffiMAN: J. ELWOOD .ARMSTRONG, Chi, 17402 Monica Ave., Detroit 21, Mich. CHAmMAN : WALTER C. SEHM, Alpha Epsilon, W. N. DEAN, Alpha, New York U. • • 1914 490 N. Snelling Ave., St. Paul 4, Minn. 18TH GRAND CHAPTER CONGRESS P. J. WARNER, Alpha. New York U •. 1914-1915 MEMBERS: CO MMITIEE GLEN F. GALLES, Alpha Epsilon, 3405 S. CHAIRMAN: KENNETH B. WHITE, Gamma, 704 H. C. Cox, Alpha, New York U .... 1915-1916 Aldrich Ave., Minneapolis 8, Minn. Great National Life Bldg., Dallas 1, Tex. WALDO E. HARDELL, Alpha Epsilon, Charles F. J. McGoLDRICK, Alpha, New York W. Sexton Co ., McKnight Bldg., Minne 1916-1917 apolis, Minn. u. ........................... RUDOLPH JANZEN, Alpha Epsilon, 2412 Uni· J. EGE, Alpha, New York U . .. 1917-1920 versity Ave., S.E., Minneapolis 14, Minn. •c. COMMITIEE ON ALUMNI ACTIVITIES H. G. WRIGHT, Beta, Northwestern •• 1920-1924 All orders must be accompanied by remit· CHAIRM AN: ] AMES J . MoORE, Chi, 2702 Roslyn tance in full and should be mailed to The C. W. FACKLER, Epsilon, Iowa ....• 1924-1926 Ave., Baltimore 16, Md. Central Office of the fraternity, 222 W. Adame MEMBERS: Street, Chicago 6, Illinois. This price list is H. 0. WALTHER, Psi, Wisconsin .•.• 1926-1928 E. WES LEY BYRON, Chi, 326 Allendale St., subject to change without notice. Baltimore, Md. 20o/o R. C. ScHMIDT, Theta, Detroit ..••.. 1928-1930 E. GR AYSON CRoss, Chi, 220 N. Culver St., Cost Tax Total Baltimore 29, Md. Plain Badge (lOK Gold) $ 6.50 $1.30 $ 7.80 E. L. ScHUJAHN, Psi, Wisconsin .•• 1930-1936 COMMITIEE ON ALUMNI PLACING SERVICE Pearl Badge (14K Gold) 18.00 3.60 21.60 CHAmMAN : H EN RY C. LucAs, Alpha Delta, Opal Badge (14K Gold) 18.00 3.60 21.60 E. D. MILENER, Chi, Johns Hopkins .1936-1939 1414 First National Bank Bldg., Omaha, Sister Badge, Pearls (14K Neb. Gold) 18.00 3.60 21.60 J. L. MclCEwEN, Chi, Johns Hopkins 1939-1945 Alternate Pearl and Ruby COMMITIEE ON LIFE MEMBERSHIP Badge 20.00 4.00 24.00 K. B. WHITE, Gamma, Boston •..••• 1945-1947 CHAmMAN: R ALPH D. KING, Beta Tau, 1843 Alumni Charms (10K W. Clifton Blvd., Lakewood 7, Ohio Gold) ALLEN L. FowLER, Beta Nu, Pennsyl- MEMBERS: Single Sided 6.50 1.30 7.80 vania . .. .................... 1947-1949 RoBERT T. PoLLOCK, Beta Tau, 3900 Arch· Double sided 10.00 2.00 12.00 wood Ave., Cleveland 9, Ohio .n:rr Recognition Button 1.00 .20 1.20 *-Deceased. T H· E 0 F D E L T A 5 G M A p I Volume XXXIX MARCH, 1950 Issue 3 IN THIS ISSUE Page The Grand President's Page ........ ............ 82 The responsibilities of leadership in the world today are pointed out by Grand Pre ident Sehm in his article, and he stresses the part that Delta Sigma Pi plays in the development of leaders. Is the Theory of Conpensatory Fiscal Policy Bankrupt? 83 Brot?er Krooss of Ne:-v York _University discusses frankly the qu estion of the balanced national budget. This subject has rece1ved a lot of pubhc attentJOn lately, and this article should help everyone to better understand the pro·blem and the solutions that are being considered. The College of Business Administration at the University of Tulsa . ... .. ,. 85 Relatively few people know of the rapid growth of the College of Business Administrati on at the University of Tulsa and of the beautiful new building and equipment that it has recently acquired. We are, therefore, pleased to be able to describe this growth and these facilities. Five Delta Sigma Pi Regional Meetings Schedu led for this Spring 87 April will be an important rrionth in this college year for Delta Sigma Pi with the advent of fiv e Regional Meetings. Washington, Atlanta, Chicago, Lincoln and Dallas will be the scenes of the e meetin gs, and hundreds of Deltasigs are expected to attend these week- end sessions. With the Alumni the World Over . 89 Seven of our alumni clubs have reported their activities in this issue. A review of these arti cles should stimulate yo ur participation in an alumni club in your own locality if you are not already acti ve in one. Among the Chapters . ... ..... ..... .. ...... 95 Continued progress is the keynote of the many chapters reporting their undergraduate activities in this issue. You are encouraged to read, not only the story of your own chapter, but also those of the other chapters in order to gain a greater appreciation for the quality of our undergraduate program. Directory of Undergraduate Chapters and Alumni Clubs Il l H. G. Wright, Editor J. D. Thomson , Assista nt Editor Publ ication Office-450 Ahnaip Street, Menasha, Wisconsin Editorial Offi ce-222 W . Ad ams Street, Chica go 6, Illinois The DELTASIC of Delta Sigma Pi is published four times annually in the montlis of November, January, March, and May. Material intended for publication should reach the editorial office not later than the first of the month previous to publication. Subscription price : $5 per year. Entered as second class matter, December 24, 1931, at the post office at Menasha, Wisconsin, under the act o.f March 3, 1879. Acceptance for mailing at special rate of postage provided for in the Act of February 28, 1925, embodied in paragraph 4, Section 538, P. L. & R., 1932 edition. DELTA SIGMA PI is a charter senior member of the Professional Interfraternity Conference, organized in 1928 to encourage high scholarship, professional research, advancement of professional ethics, and the promotion of a spirit of comity among the professional fraternities in the advancement of fraternal _ideals. The members of the Conference comprise : ARCHITECTURE, Alpha Rho Ch1. CHEMISTRY, Alpha Chi Sigma. COMMERCE, Alpha Kappa Psi, Delta Sigma Pi. DENTISTRY, Delta Sigma Delta. Psi Omega, Xi Psi Phi. EDUCATION, Kappa Phi Kappa, Phi Delta Kappa, Phi Epsilon Kappa, Phi Sigma P i. ENGIN EE~I NG ! Theta Tau, Sigma Phi Delta. JOURNALISM, Sigma Delta Chi. LAW, Gamma Eta Gamma, J?elta Theta ~hi , Phi ~ ]ph ~ Delta, Phi Beta Gamma, Sigma Delta Kappa. MEDICINE, Alpha Kapoa Kappa,. Nu Sigma Nu, Ph1 Beta ~I , Phi Chi, Phi Delta Epsilon, Phi Lambda Kappa, Phi Rho Sigma, Theta Kappa Ps1. PHARMACY, Kappa Ps1. The Grand President's Page THE DESIRE TO BE .RECOGNIZED as a leader in business, in the com~unity, in social activities and in all human relationships, is a desire as Amenca1,1 as ice cream. There ~re few individuals who do not consciously or subconsciously wish to excel at whatever activity engages their interests. If it be sports, they want to win; if it be business, they want to do a better job, both for reasons of ego satisfaction and for money; if it be politics, they want to be on the winning side; if it be social activity, they want to be ackno:vl~dged and ap preciated. Whether the ambition be entirely laudable or not, 1t ~s perhaps the most important of the motivating forces which has mad~ ~~enca great, and it is certainly necessary that a considerable number of md1v1duals have such ambitions in our democratic society and American way of life. Until a few years ago, all care of the needy in our country was pr~vided ~y private contribution and organization. Even now under th~ ~ar-reachmg .social programs developed in the last 25 years, the great bulk of 1t IS. To org?mze, to operate, and to finance such activities requires a great arno~nt. o! time and energy, which must be provided by a considerable number of ~nd~v~duals, who will give their time and their money.