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Trust Ees Endorse "Sullivan Princi Ples"

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Trust Ees Endorse ^^^^^ g ^^ jg l ^ ggjg ^ gjjjjggg ^ Trust ees Endorse " Sullivan Princi ples" Colby Retains South African Stocks Jones of IMeedham , Mass., is committee are in South Africa. The portfolio of the The Board of Tru stees of Colb y Col- chairman. college does have investments in industries lege voted to endorse the "Sullivan Prin- Stating that the college should be, which have affiliations in that nation. ciples" as " an appropriate response to apar- and is, concerned with issues of social re- . The issue of South African securit - theid by corporations doing business in ponsibility in connection with the invest- ies in the Colby endowment has been un- the Republic of South Africa. " ment of its endowment funds , the resolu - der discussion and debate on campus for The decision , announced Saturday by tion requests President Strider to appoint several months with expressions of concerns Colb y President Robert E.L. Strider after a continuing Advisory Committee on In- and recommendations coming from facul- the Sprin g meeting of the Board , was a- vestment Responsibility " to develop an ef ty and students. dopted on the recommendation of the col- fective ongoing policy in this regard. " As Board members entered the build- lege' s investment committee following an The college has no investments in ing a small group of students held signs extensive stud y in connection with Colby any South African firms or in any multi- and distributed literature calling for com- investmen ts in th ose firms . Gordon B. national corporation whose major activiti e Mana -aMMB ^ ia ^ HaBi ^^^^ —-—. plete divestiture of investmen ts in corpor- ations doing business in South Afirca. Emp hasizing the college's abhorrence of race discnnunation and the apartheid policies of the South African government , Frats Face Hard Times the Board voted , pendin g further recom- Doris Kearns Goodwin mendations and action, th at " the college by Larry Branyan will communicate with corporate manage- ments to elicit informa tion on policies A majority of Colby's nine fraterni- is that many Pruden tial Committee mem- and practices rel ating to racial discrimina- Commencement : ties will soon be experiencin g fin ancial dif- bers have full-time occupations and cannot tion in South Africa and to urge adop- ficulties. Ha rd times are not unkno wn to devote enough time to fraternity duties. tion of policies designed to eliminate such Colby fraternities , as interest in fraterni ties Each fraternit y has a minimum level discrimin ation. " Doris Kearns as campus institutio ns has often fluctuate d. of occupancy-if the occupancy of the The Board further stated : "Th e col- Despite hardshi ps, fraternities continued to SSffill - lege will support , and where exist at Colby, appropriate during the late 1960's and initia te , stockholde r recommend ations to To Spe ak earl y 1970*s when fraterni ty enrollment implement the 'Sullivan Princi ples' or sim- was at an alarmin g Doris Kearns Goodwin , biograp her of ly low level, concerned ilar policies by companies having signifi- brothers , alumni , former President Lyndon B. Johnson , will and the administration cant operations in South Africa. " saved the fraternities . return to her alma mater here , Colby Col- On the issue of divestiture , the Board Geoff Emanu el, th e President of the endorsed the procedure at such times lege, on Sunday, May 28, as speaker at the as 7th commencement. The grad uation ex- Interfr aternity Committee (IFC ), pointed may be consisten t with other investment i?Ls out that fraternities ercises will be at IX) a.m. face the grim pr ospect policies. Such an action would app ly to of making ends meet The 3 5-yeat -old former profe ssor of while undergoing those companies " that fail to demonstrate serious financial problem s. Emanuel indi- government at Harvard University gained a adequate initiative in implementing policies cat ed that some of the fraternities ' diffi- national reput ation with the publication in and practices consisten t with eliminatin g culties are due to Catch- 22 situations whteh J une 1976 of the biograph y "Lyndon J ohn- racial discrimination in South Africa. " are harmful to both the college and the son and the American Dream. " She is now The "S ulliv an Principles " t o which researching a political biograp hy of John frat ernities. the Colby Board voted adherence were de- F. Kenned y. Her husband is Richard N. Th e financial organization of Colby 's veloped by the Reverend Leon Sullivan , a Goodwin , former aide to Presid ent Kennedy. frat ernities is somewh at different from black civil rights leader of Philadel phia that of the dormitories. All students living In 1 964, faculty members and class- who is a direct or of General on campus pay a $350 room deposit. Moto rs. They mat es alike , could easily tell that Doris h ave been adopted by a numb er of large Kearns was heading for big things. In that Those students who live in a fraternity corp ora tions and institutions. house have the room deposit transferred year , she gradua ted magna cum laud e from The Rev. Mr. Sullivan 's argum ent is Colby and was recipient at commencement to th at fraternity 's prudential fund. This JFC President Geo Emanuel on page four of the college 's most coveted und ergraduate fund , used to pay each fraternity ' s opera- ff l^ continu ed honor , the Condon Medal , voted by her ting costs, is handl ed by each frat ernity 's house consistentl y falls bel ow the mini- all students. Th e fraternities cannot incur classmates . Prof. Clifford Berschneider has designated Pr udential Committee , consis- mum level for a period of time , th at fra- debts th at fall below their break-even points , said of her , she was " one of the best stu- ting of one to three alumn i or administra- terni ty may lose its charter and , effectively, because the college is then forced to cover dents I've ever taught here at Colby. " tion members. Expendit ures that are paid be disbanded . Alpha Tau Omega experi- the costs . This financial dilemma is height en- $ In short order , she received a Wood row fro m that fund must first be approved by enced this situation , bu t as a resul t of re- ed when a frate rnity must pay 6% interest Wilson Fellowship , a Fullbri ght Scholar- the Prudential Committee , which acts as cent pledge enrollm ent , may be reinst ated on its debt , should its operating costs fall ship and a Harvard Prize Fellowship. In financial advisors. as a recognized fraterni ty. One Catch-22 below break-even point. continued on p age J ive One problem , though relatively minor . situ ation that Emanuel spoke of concerns Emanuel commented that fewer leaves of absence. Accord ing to Emanuel , Fr eshmen enrolled in fraternities than fif- Colby is one of the few colleges which teen or twenty years ago. The houses were allow a student to take a leave of absence in bet ter shape inside and out, so frater- Student J udiciary Decision without penalt y. A student is free to leave niti es were a favourable alternat ive to dor- one semester nnd not return without any mitory rooms. The pr esent state of repair adequa te cscuse-a result of semesterl y pay- of most fraternity houses is abomidable. In a meeting on Tuesday, April 18, presen t all motions to the Stu-A Executive Board for action. The interpretation calls men ts. The effect of this policy is very Emanuel admi tted that " a lot of interior the Student J udiciary Board reached the dama g the Student Association Representat ive As- ing. The withdra wal of five brothers damage occured thr ough the broth ers ' own following decision regardin g the constitu - fault in that they didn 't take care of th e tionality of the recent action taken by the sembly a subsidary body to the Student fro m Delta Upsilon during the present aca- physical plant. " Student Association Represent ative Assem Association Executive Board and not an demic year caused the house to lose an Some deterior ation has bly specifically empowe ring Doug Kap lan independen t entity. income of $1 ,7.50 ($350 x 5). been th« resul t of general wear and tear Rising main tenance costs and in- poor construction. The to act on its behalf. and installation The Student Judiciary deemed such creased fuel bills are causing the pruden- of metal showers invited the inevitable cor- Pierce Archer and Mike Slavin , who t t get of many fra - t t t t , t t t ial fund opera ing bud rosion of the existing shower facili ties. The ac ion uncons i u ional in erpre ing he pled guil ty to charges of fraud last Thurs- ternities to approach the break-even point , Student Association Representative Assem- poor er roofing of the frate rnities compared day nigh t before Stu-J , were told to apo- despi te nearl y full houses . The college can bly as an informa tional body set up to in- to other similar buildings mean s that many logize to the student body in the form of do little to help, t feasible form the Stu-A Executive Board and to since he onl y of the fraternity roofs will soon have to a letter to the ECHO. , solution would be to raise room fees for At 2:00 a "Self-Assessment of Skdls" workshop was held. TMs dealt with recog- Woman's nizing -what skills one has and f inding a career -where one can use them and also Phi Beta Kappa : enjoy a related career.
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