PROCEEDINGS
of the
BOARD OF TRUSTEES
of
CORNELL UNIVERSITY
INCLUDING THE MINUTES OF CERTAIN
STANDING COMMITTEES
July 1, 1961 - June 30, 1962
4095
CORNELL UNIVERSITY
PROCEEDINGS OF THE BOARD OF TRUSTEES
EXECUTIVE COMMITTEE
Meeting held Friday, August 18, 1961, 9*30 a.m., Faculty Room, Cornell University Medical College, New York City
PRESENT: Vice Chairman Donlon, Trustees Levis, Littlewood, Malott, Scheetz, and Syme.
Provost Atwood, Vice President Burton, Controller Peterson, Budget Director McKeegan, and Secretary Stamp.
ABSENT: Trustees Cisler, Dean, and Severinghaus.
Vice Chairman Donlon called the meeting to order in executive session at 9 :30 a.m. The meeting was reconvened in regular session at 11:15 a.m.
1. APPROVAL OF MINUTES: Voted to approve the minutes of the Executive Committee meeting held June 11, 1961, as previously distributed.
2. PHYSICS-ARPA CONSTRUCTION AUTHORIZATION AND APPRO PRIATION: Voted to authorize the Administration to proceed with the following projects as initial stages of the total project to construct the Physics-ARPA building complex:
(l) To construct the analytical facility for the Materials Science Center in some 11,000 sq. ft. of Baker Laboratory basement, at an estimated cost of $400,000, of which $220,000 is presently available in ARPA funds, leaving $180,000 to be financed from other University funds; 4096 8/18/61 Ex> com. (2) To construct temporary space In Rockefeller Hall court to house technical operations, stock room, machine shop, student shop, and increased low temperature facilities to be in continuous operation while the new building is being built (at which time the northeast shop wing of Rockefeller Hall will be demolished)— at an estimated cost of $70,000.
Voted further to appropriate the cost of these two projects in the amount of $250,000 as an advance from current fund balances, subject to reimbursement from future project funds when financing for the complete Physics-ARPA project has been worked out*
Voted further to instruct the Administration to bring to the September meeting of the Committee a comprehen sive report concerning advances from current funds, indicat ing amounts authorized, amounts actually advanced to date, together with schedules for repayment of such advances.
3. RETENTION OF COUNSEL FOR BUILDING LOAN NEGOTIATIONS: Voted to authorize the Administration to retain the law firm of Hawkins, Delafield, and Wood to serve as bond counsel and to perform other appropriate legal services in connection with arranging financing for the Physics-ARPA building through the New York State College Buildings Authority.
Voted further to authorize the Administration to retain Mr. Cushman McGee of R. W. Presspritch & Company in New York City as fiscal counsel to the University in connec tion with this loan project.
4. APPROPRIATIONS AT MEDICAL COLLEGE: Voted to appro priate $25,000 from 1960-61 current income of theMedical College toward the Medical College share of the cost of the fund-raising campaign at the Medical Center (making a total appropriation for this purpose of $50,000).
Voted further to appropriate $95*000 from 1960-61 current income of the Medical College to finance the follow ing deferred maintenance items:
fl) New roofs in the E and A Buildings (2) Repainting E and A Buildings (3 ) Replacing floor tiling - E Building (4) Replacing drain lines (5; Air Conditioning - Pharmacology Teaching and Research Laboratories (6 ) Expansion, alterations and air con ditioning Administrative Offices and Faculty Room Ex. Com. 8/18/61 4097
5. GEORGE L. GENUNG FUND: Voted that an unrestricted bequest from the estate of George L. Genung (Class of 1905) in the amount of $50,582.99 he capitalized for the production of income to be known as the George L. Genung Fund (classified A-3 )> with income to be used for the general support of the University. Additional funds in the approximate amount of $18,000 are expected from this estate.
6 . PHILIP ISLES FUND: Voted that an unrestricted be quest in the amount of $50,000 under the will of Philip Isles (Class of 1935) be credited to the existing Philip Isles Fund (classified A-3 ), as established by the Executive Com mittee on April 13, 1956.
7 . HEMINGWAY SCHOLARSHIP FUND: Voted that a bequest in the amount of $10,000 under the will of Gertrude C. Hem ingway (Class of 1907) be capitalized for the production of income as the Hemingway Scholarship Fund (classified A-1,3 ), and that the income therefrom be awarded annually as a schol arship to "some deserving young woman student majoring in the French, Spanish, or Greek language.”
8. WEYLAND PFEIFFER BEQUEST: Voted that an unrestrict ed bequest in the amount of $1,000 under the will of Weyland Pfeiffer (Class of 1916) be credited to the 1916 Class Fund.
9. JOSEPH L. EASTWICK PROFESSORSHIP FUND: Voted to reclassify the professorship fund given by Joseph L. Bastwick (Class of 1918) to the extent of $300,000 from ’A-1,3" to 1C", and that such amount be transferred for use toward the construction of a library in the proposed building for the Graduate School of Business and Public Administration, in accordance with the donor's request--leaving $25,571.56 in the original professorship fund.
10. GEORGE A. RUMSEY BEQUEST: Voted that a bequest under the will of George A. Rumsey (Class of 1893) in the amount of $5,000 given "to defray expenses of the Psi Chapter of Zeta Psi Fraternity" be credited to the Zeta Psi Group Housing Fund, to be used toward the cost of capital improve ments in the University-owned Group Housing unit.
11. FINAL BUDGET REPORT FOR THE YEAR 196O-6I: Mr. McKeegan presented the final budget report tor the fiscal year ending June 30, 1961, as follows: 4098 8/18/61 Ex. Com. a * Endowed Colleges at Ithaca
Original Budget: Estimated Income $15,320,000.00 Estimated Expense 15,671,804.00 Estimated Deficit 351,804.00 Increase in Income Over Original Estimate: Previously Reported $795,000.00 Additional Income 35»246.46 $ 830,246.46
Realized Savings in Lapsed Appropriations: Previously Reported 650,000.00 Additional Lapses 6/30/61 189,260.60 839,260.60 / 1,559,507.Ob Additional Appropriations: Previously Reported 969*764.00 699.743.06 Excess of Income Over Expenditures - Credited to General Reserve 347.939.06
General Reserve Balance June 30, i960 959.464.07
General Reserve Balance June 30, 1961 $1,307,403.13 ********************************
b , Medical College at New York Original Budget: Estimated Income $2,326,884.00 Estimated Expense 2,378.796.00 Estimated Deficit 51,912.00 Increase in Income Over Original Estimate: Previously Reported $110,500.00 Additional Income 23,072.48 133,572.48 Realized Savings in Lapsed Appropriations: Previously Reported 61,000.00 Additional Lapses 6/30/61 126,054.88 _ 187,054.88 320,627.36 Additional Appropriations: Previously Reported 141,000.00 Exec. Comm. 8/18/61 120,000.00 261,000.00 59;627.36 Excess of Income Over Expenditures Credited to Medical College Reserve 7,715.36 Medical College Reserve Balance June 30, i960 51,005.6ft Medical College Reserve Balance June 30, 1961 $ 58,721.0/1
*********** *******************41. A, Ex. Com. 8/18/61 4099 c • Final Report on Unrestricted Gifts 1 . Receipts: Alumni Annual Giving $786,010.82 Parents Program 41,179.65 Corporate Program 298,059.00 Miscellaneous 35,400.00 $1,160,649.47 2 . Expenditures: Alumni Secretary 101,425.57 Council Expense 14,958.64 University Development 225,485.71 341,869.92
3. Excess Receipts Over Expenditures $ 818,779.55 *******************************
Receipts Goal Receipts Excess or 1959-6Q 1960-61 1960-61 Deficiency
$ 775,426.78 Alum.Ann. Giving $ 850,000 $ 786,010.82 $- 63,989.18 45,287,90 Par.Progr. 30.000 ' 41,179.65 11,179.65 384,212.35 Corp.Progr. 350,000 298,059.00 - 51,941.00 49,200.00 Misc. 20.000 35,400.00 15,400.00 $1,254,127.05 $1,250,000 $1,160,649.47 $- «9,350.53 ********************************
d. Fund for Development of the University 1. Balance in Fund - Previously Reported $ 18,383.43 2 . Proposed Additions: Sixth Install .Paymnt. on Elec.. System Adv. (Bal. $8,256.62) $ 1,270.24 George H. Rogers Fund 622.20 Proceeds fr. sale of 1M sh. Mohawk Airlines Stock 7,010.19 Multiple Resident Law Fds. Allocated but Not Used 9,927.64 1 18,«30.§7
3. Commitments: Closing Expenses - Robinson Property 151.10 18,679.17 4. Balance in Fund - Uncommitted $ 37, 062.60
******************************** 4100 8/18/61 Ex. Com. e . Unrestricted Income (l) Endowed Colleges at Ithaca Estimated Realized Excess or Income Income Deficiency
Tuition and Fees $10,700,000 $10,681,581.57 $-18,418.43 Endowment Income 1,265,000 1,499,^23.51 234,423.51 Gifts 1,250,000 1,160,649.47 -89,350.53 Federal Funds 130,000 130,760.29 760.29 Research Indirect 945,000 1,236,457.14 291,457.14 Expense Recovery Salary and Expense 500,000 513,733.57 13,733,57 Recoveries Current Fund Income 165,000 484,756-59 319,756.59 Service Charge- 115,000 134,269.06 19,269.06 Invested Funds Miscellaneous Income 250,000 308,615.26 58,615.26 Total $15,320,000 $16,150,246.46 $830,246.46
(2) Medical College at; New York
Tuition and Fees $ 495,000 $ 487,207.00 $- 7,793-00 Endowment Income 718,051 773,192.55 55,141.55 Gifts 68,000 93,959.01 25,959.01 Research Indirect 230,000 314,071.82 84,071.82 Expense Recovery Teaching Grants Indirect — 26,526.29 26,526.29 Expense Recovery
Photography 18,000 27,491.18 9,491.18 Full Time Fees 294,283 211,644,50 -82,638.50 New York Hospital 458,550 431,756.49 -26,793 .5!
Real Estate Income 45,000 94,471.18 49,471.18 Miscellaneous - 136.46 136.46
Total $ 2,326,884 $ 2,460,456.48 $113,572.48 Ex. Com. 8/ 18/61 4101
12. ACADEMIC BUDGET SURPLUS: Voted to credit to the General Reserve Fund (classified A-3) the operating budget surplus for the Endowed Colleges at Ithaca as of June 30, 1961, in the amount of $347,939.06. Voted further to credit to the Medical College Reserve Fund (A-3) the operating budget surplus for the Medical College as of June 30, 1961, in the amount of $7,715.36.
Voted further to adopt a policy that, except as otherwise authorized by the Executive Committee from time to time, any year-end operating surplus or deficit for the En dowed Colleges at Ithaca shall be credited or charged, as the case may be, to the General Reserve Fund. In like manner, any year-end operating surplus or deficit at the Medical College shall be credited or charged to the Medical College Reserve Fund.
13. CURRENT BUDGET REPORT FOR THE YEAR 1961-62 TO DATE: Mr. McKeegan presented the budget report for the current fiscal year to date as follows:
a. Endowed Colleges at Ithaca
Original Budget: Estimated Income $ 16,985,000 Estimated Expense 17,543*335 Estimated Deficit 558,335
Additional Appropriations: Executive Committee 2/21/61 $22,000 5/16/61 12,500 6/11/61 27,000 61,500 Current Academic Budget Deficit to Date 619,835 *******************************
b. Medical College at New York
Original Budget: Estimated Income 2,506,378 Estimated Expense 2,555,808 Estimated Deficit 49,430
*******************************
c. Position ofot_ University'suniversity1 s ueneraiGeneral nes Total of Reserve $1,307*403.13 ******************************* 4102 8/18/61 Ex. Com. Position of Unrestricted Gifts as of July 31, 19^1 1. Estimated Net Unrestricted Gifts in Academic Budget $ 971,466 2. Appropriations for Expenses in Academic Budget: University Development $247,994 Alumni Secretary 106,940 University Council 8,600 363,534 3. Estimated Gross Unrestricted Gifts 1,335,000 4. Gifts Applicable to Line 3* Alumni Annual Giving 16,043 Parents Program 2,590 Corporate Program 20,747 Miscellaneous 10,000 49,380 5. Balance Needed to Equal Estimated Income $1, 285,620 ******************************** Balance Receipts Receipts Needed Last Year Goal to to Reach to Date 1961-62 7/31/61 Goal $18,146 Alumni Annual Giving $ 850,000 $16,043 833,957 10 Parents Program 35.000 2,590 32,410 15,350 Corporate Program 425,000 20,747 404,253 0 Miscellaneous 25.000 10,000 15^ 000 $33,506 Total $1 ,335,000 $49,380 $1,285,620 ******************************** e . Position of Fund for Development of the XJniv'erslty as of July 31, 19^1 1 . Uncommitted Balance - previously reported $ 37,062.60 2 0 Proposed Addition: George W. Bacon Estate 1,391.05 3. Balance in Fund - Uncommitted $ 38,453.65 ******************************** 14. COMPUTING MACHINE PURCHASE: Voted to authorize the Administration to give a letter of intent to Control Data Ex. Com. 8/ 18/61 4103 Corporation (CDC) that the Executive Committee of the Board of Trustees presently expects to authorize the purchase of a CDC 1604 computer at an approximate cost of $1,071,700 in the event the University is successful in obtaining a grant in support of this project from National Science Foundation of approximately $1,000,000 (as a "matching" grant to cover one-half of an estimated budget of $2 ,000,000 representing the cost of the computer, its installation, and an operating budget for three years). 15. FACULTY DISMISSAL PROCEDURE: Trustee Scheetz re ported concerning his progress in discussions with repre sentatives of the University Faculty concerning possible changes in University legislation providing a procedure for the dismissal of Faculty members. l6 . UNIVERSITY GLEE CLUB: In conjunction with dissolu tion of the Cornell University Glee Club as a separate mem bership corporation, and the transfer to the University of the Club’s funds in the amount of $10,000, it was voted to adopt the following resolution: RESOLVED, that the Executive Committee approves in principle the establishment of the Cornell University Glee Club (heretofore operat ing as a non-profit corporation) as a University activity under the direction of a director ap pointed by the President under an organization, operating, and budget plan to be developed by the University in consultation with those con cerned and subject to approval by the Executive Committee as may be required to conform to University bylaws and related Board legislation. 17. COLLEGE OF ARCHITECTURE APPOINTMENTS: Voted to appoint LEE F. H0DGDEN as Associate Professor in the Depart ment of Design for a term of two years, effective September 1, 1961. Voted further to appoint BARCLAY GIBBS JONES to be Associate Professor in the Department of City Planning for a term of three years, effective July 1, 1961. 18. CHAIRMAN OF CLASSICS DEPARTMENT: Voted to reappoint Professor FRIEDRICH S0LMSEN to be Chairman of the Department of Classics in the College of Arts and Sciences for a two- year t^rm, effective July 1, 1961. 4104 8/18/61 Ex. Com. 19. COLLEGE OF ENGINEERING APPOINTMENTS: Voted to ap point ROBERT 0. FEHR Professor of Engineering for the term September 1, 1961, through June 30, 1964. Voted further to appoint WATT W. WEBB to be Asso ciate Professor in the Department of Engineering Physics for a three-year term, effective July 1, 1961. Voted further to appoint E. SCALA to be Professor in the Department of Metallurgical Engineering and Materials Science for a term of four years, effective September 1 , 1961. 20. COLLEGE OP AGRICULTURE APPOINTMENT: Voted to ap point EDGAR MERROW RAFFENSPERGER to be Associate Professor of Entomology for a three-year term effective July 1 , 1961. 21. MEDICAL COLLEGE APPOINTMENTS: a. Voted to appoint Dr. JANET TRAVELL to be Clini cal Associate Professor in the Department of Pharmacology, effective July 1, 1961, through June 30, 1962. b. Voted to make the following appointments in the Sloan-Kettering Division of the Medical College, effective for the year July 1, 1961, through June 30, 1962, without salary: Professors Aaron Bendich Ph.D. Biochemistry Oscar Bodansky M.D., Ph0D. Biochemistry George B. Brown Ph.D. Biochemistry Liebe F. Cavalieri Ph.D. Biochemistry Gilbert Dalldorf M.D. Pathology Albert J. Dalton Ph.D. Biology (Visiting) Emerson Day M.D. Preventive Medicine Frank W. Foote M.D. Pathology Thomas F. Gallagher Ph.D. Biochemistry Frank L. Horsfall, Jr. M.D. Microbiology John S. Laughlin Ph.D. Biophysics Fredericks. Philips Ph.D. Pharmacology C. Chester Stock Ph.D. Biochemistry George W. Woolley Ph.D. Biology Associate Professors M. Earl Balis Ph.D. Biochemistry Ralph K. Barclay Ph.D. Biochemistry Jurgen E. Fogh M.D. Pathology Ex, Com. 8/18/61 4105 Jack J. Fox Ph.D. Biochemistry Charlotte Friend Ph.D. Microbiology David K. Fukushima Ph.D. Biochemistry Theodore A. Hall Ph.D. Biophysics Leonard D. Hamilton D.M., Ph.D. Biology Dorris J. Hutchison Ph.D. Microbiology John A. Jacquez M.D. Biology Leopold G. Koss M.D. Pathology William L. Money Ph.D. Biology Alice E. Moore M.D. Biology Louis G. Ortega M.D. Pathology Mary L. Petermann Ph.D. Biochemistry H. Christine Reilly Ph.D. Microbiology Stephen S. Sternberg M.D. Pathology Helene W. Toolan Ph.D. Pathology Ernest L. Wynder M.D. Preventive Medicine Marjorie B. Zucker Ph.D. Physiology Donald A. Clarke Ph.D. Pharmacology A.R0T. Denues Ph.D. Biology 22. HELEN NEWMAN HALL GIFT PROGRAM: The Secretary re- ported that Mr. Floyd R. Newman had delivered to the Univer sity a letter dated July 17, 1961, expressing his present in tention of giving to the University 21,000 common shares of Ashland Oil & Refining Company stock over a seven-year period beginning in 1962. It was reported further that Mr„ Newman already had given to the University 3,000 shares in 1961, and that these generous actions by Mr. Newman were in full com pliance with the Executive Committee's action taken June 11, 1961. 23. BUILDINGS AND PROPERTIES COMMITTEE MINUTES: Min utes of the Buildings and Properties Committee meeting held June 11, 1961, were submitted to the Executive Committee for information. 24. COUNCIL FOR CURW: Voted to delete the Dean of Men and Dean of Women as ex officio members of the Council for Cornell United Religious Work and to substitute therefor the Dean of Students as an ex officio member and one other person from the Administration to be appointed by the President, as amendments to the action taken August 21, 1956, establishing this Council, superseding the action taken June 13, i960. ADJOURNMENT: On motion the meeting was adjourned at 2:00 p.m. Neal R. Stamp Secretary 4107 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE Meeting held Friday, September 15, 195l, 9-30 a.m., Faculty Room, Cornell University Medical College, New York City PRESENT: Chairman Cisler, Trustees Donlon, Levis, Malott, Scheetz, Severinghaus, and Syme. Provost Atwood, Vice President Zwingle, Controller Peterson, Budget Director McKeegan, Counsel Meigs,, and Secretary Stamp; Registrar Snickenberger, by invitation. ABSENT: Trustees Dean and Littlewood. Chairman Cisler called the meeting to order in executive session at 9 :30 a.m. The following actions from the executive session were reported to the Secretary for the record: A. PRESIDENTIAL SELECTION: The Committee reviewed at length a progress report from the Sub-committee on Presi dential Selection (Littlewood, Scheetz, and Severinghaus, Chairman), with respect to the structure under which the se lection of a new president would go forward. Following dis cussion and suggested changes In the report as it then stood, the Executive Committee directed the sub-committee to make revisions and prepare a final draft to be considered at the October meeting of the Executive Committee and for presenta tion to the Board of Trustees at its October meeting. It was agreed that Trustee Severinghaus, after pre liminary conferences between the sub-committee and selected committees from the University Council, the Alumni Associa tion, and the Faculty Council, and pending final approval and adoption of the report by the Executive Committee (pursuant 4108 9/15/61 Ex. Com. to its power to act as authorized at the June meeting of the Board), would make an oral presentation to the Board of Trustees on the structure for the selection of a new presi dent. It was further agreed that at the same time the Board of Trustees would be provided with a final draft of the re port as adopted by the Executive Committee. B. SURVEY OF ADMISSIONS POLICIES AND OPERATIONS: Resolved that, on recommendation of the President, the Presi dent be authorized to appoint an advisory committee from among members of the Administration to survey the University's admissions policies, operations, and practices and all re lated problems, having regard for the report of Trustee Sev eringhaus dated July 17, 1961, entitled ’A Philosophy on College Admissions, and that the President report the re sults of such survey to the Executive Committee. C0 CENTENNIAL PLANNING COMMITTEE APPOINTMENTS Voted to elect Mr0 Harold Brayman, newly elected Chairman of the Cornell University Council, to membership on the Centen nial Planning Committee. D„ NOVEMBER MEETING? Voted to hold the November meeting of the Executive Committee in Ithaca on Saturday, November 18, at 9*30 a.m., rather than in New York City on No vember 17 as previously scheduled. The meeting was reconvened in regular session at 12:30 p.m. 1 . APPROVAL OF MINUTES 1 Voted to approve the minutes of the Executive Committee meeting held August 18, 1961, after making amendments at items 6-10 inclusive, and at item"24. 2. APPROVAL OF 1961-62 BUDGETS FOR STATE-SUPPORTED COLLEGES: Voted to approve and recommend to the Board of Trustees for adoption the final operating budgets (including State, Federal, and Income Funds, and also including the May 1 and September 1 salary adjustments from State funds) for the state-supported units of the University for the fis_ cal year which began April 1, 1961, as follows? Ex. Com. 9/ 15/61 4109 All Funds Adjusted Budget 1960-61______1961-62 Increase Operating Budgets: College of Agriculture $12,823,370 $14,052,303 $1,228,933 College of Home Economics 2,484,752 2,750,832 266,080 Geneva Experiment Station 1,793*777 2,029,663 235,886 Veterinary College 1,775,559 1,968,014 222,455 School of Industrial and Labor Relations 1,605,064 2,091,012 485,948 General Services 1,876,559 2,033,664 157,105 Total Operating Budgets $22,329,081 $24,925,488 $2,596,407 3. 1962-63 BUDGET REQUESTS FOR STATE-SUPPORTED COL LEGES AND SCHOOLS: Voted to approve and recommend to the State University Board of Trustees requested state appropria tions for the four state-supported colleges and schools at the University for the fiscal year commencing April 1, 1962, as set forth in Appendix A attached to these minutes. 4. RENOVATION OF CASCADILLA HALL: Voted to authorize the Administration to make architectural studies of possible alternatives for the modernization of Cascadilla Hall for further dormitory use, possible conversion to apartments, or possible demolition to make way for a new housing structure. Voted further to appropriate not to exceed $5,000 from the University Development Fund to finance this project. 5 . MARTIN McVOY ESTATE: Voted to authorize the Ad ministration to negotiate with other parties interested in the Martin McVoy estate for a settlement of issues therein, subject to approval by the New York County Surrogate's Court (or the Attorney General to the extent deemed necessary by trial counsel) along the following general terms: (1) The Alpha Delta Phi Fraternity of Cornell University (which is co-legatee with the University in this $800,000 residuary estate) would surrender all right to act as trustee and all other rights it may have in the estate, including the right to designate the terms and conditions of prizes and scholarships to be awarded, and would support the petition of Cornell to be appointed sole trustee, in con sideration of a payment to it by Cornell of $28,500 from the University's unrestricted funds. (2 ) Cornell would be appointed sole trustee of the residuary trust. 4110 9/15/61 Ex. Com. (3) The parties would petition the Court on the final accounting, for an interpretation of the will provi sion which would permit the income of the trust to be used for scholarships or prizes in the fields of Philosophy, English, History, Economics, Industrial and Labor Relations, Business and Public Administration, and possibly some other fields. (4) If the interpretation sought in paragraph (3) above could not be obtained from the Surrogate’s Court, then the Attorney General of the State would be asked to rule that income from the fund might be used principally for scholar ships in the above fields so long as some income is used for prizes (perhaps four $1,000 prizes each year). The suggestion was made that the University's peti tion to the Court should state the specification of use of income in sufficiently broad terms to permit use of income in support of the Society of Fellows. To this end the University Counsel was requested to consult with Trustees Donlon and Scheetz in the preparation of the University's petition to the Court. Voted further to appropriate not to exceed $28,500 from the University Development Fund to be used for this pur pose if the settlement is accomplished and approved by the Surrogate’s Court and/or the Attorney General. 6 . ATHLETICS DIVISION RECREATIONAL FACILITIES: The Committee received a report from Budget Director McKeegan with respect to an analysis of income and expense for all recreational facilities and programs administered by the Division of Athletics. The report indicated that these recreational facilities were operated at a net deficit of $9,757-57 for the fiscal year ended June 30, 1961. 7 . ADVANCES FROM CURRENT FUNDS: The Committee re ceived a report from Controller Peterson setting forth the status of advances from current fund balances in support of construction projects and other capital items, as of June 30 1961. A copy of this report is appended to these minutes as" Appendix B. In connection with its discussion of this report the Committee requested the Administration to bring before * an early meeting a further report and recommendation for the de velopment of a source of funds to be used as "working capital" for temporary financing of capital projects during the period that funds from gifts and other outside sources are being paid in to the University in support of such capital projects Ex. Com. 9/15/61 4111 8 . EUGENE P. AND HELEN PUTNAM ANDREWS FUND: Voted that the net proceeds of a life income fund established at the University by the late Professor Eugene P. Andrews (Class of 1895) and Mrs. Andrews in the amount of $71,216.17 be capitalized for the production of income, to be known as the Eugene P. and Helen Putnam Andrews Fund (classified A-3 ). 9- CURRENT BUDGET REPORT FOR THE YEAR 1961-62 TO DATE: Budget Director McKeegan presented the current budget report for the current fiscal year to date as follows: a. Endowed Colleges at Ithaca Original Budget: Estimated Income $16,985,000 Estimated Expense 17,543,335 Estimated Deficit 558,335 Additional Appropriations: Previously Reported 61,500 Current Academic Budget Deficit to Date $ 619,835 ******************************** b. Medical College at New York Original Budget; Estimated Income $ 2,506,378 Estimated Expense 2,555,808 Estimated Deficit "$ 49,430 ******************************** c . Position of University 1s General Reserve (FundedT as of September 15, 19^1 Total of Reserve $1,307,403.13 ******************************** 4112 9/15/61 Ex. Com. Position of Unrestricted Gifts as of August 31, 1961 1 . Estimated Net Unrestricted Gifts in Academic Budget $ 971,466 2. Appropriations for Expenses in Academic Budget: University Development $247,994 Alumni Secretary 106,940 University Council 8*600 363,534 3. Estimated Gross Unrestricted Gifts 1,335,000 4„ Gifts Applicable to Line 3« Alumni Annual Giving 24,006 Parents Program 2,698 Corporate Program 30,347 Miscellaneous 26,600 83,651 5 , Balance Needed to Equal Estimated Income $1,251,349 ******************************* Balance Receipts Receipts Needed Last Year Goal to to Reach to Date 1961-62 8/31/61 Goal $ 28,051 Alumni Annual Giving $ 850,000 $24,006 $ 825,99^ 222 Parents Program 35,000 2,698 32,302 73)300 Corporate Program 425,000 30,347 394,653 12,500 Miscellaneous 25,000 26,600 - 1,600 $114,073 Total $1,335,000 $«3,fc>51 $1,251,349 ******************************* e . Position of Fund for Development of the University as of August 31, l§Bl L Uncommitted Balance - previously reported $38,453.65 Proposed Additions: Martha D.B. Keller Estate (Insurance) 1,510.64 Paul G. Brown Estate 144.67 $ 1 ,655.31 3. Proposed Allocations: Alpha Delta Phi Frater nity re: McVoy Estate 21:8,500.00 Cascadilla Hall - Arch. Studies 5,000.00 33,500.00 31,844j Sq 4. Balance in Fund Uncommitted $ 6 ,608.96 ****************************** Ex. Com. 9/15/61 4113 10. TABLE OF NEEDS FOR CENTENNIAL CAMPAIGN: Voted, in accordance with authority granted by the Board of Trustees at the June meeting, to adopt a table of needs for the forth coming Centennial campaign in the total amount of $69,085,000 as prepared and recommended by the Centennial Planning Com mittee. An itemization of this table of needs is attached to these minutes as Appendix C. 11. GROUP HOUSING PLAN: Trustee Scheetz raised the following policy questions with respect to the Group Housing Plan which need attention in advance of the forthcoming Centennial fund-raising campaign: (1) Can fraternity alumni be permitted to make gifts to Group Housing Funds, receiving credit therefor in Centennial campaign totals? (2 ) Must all units within the Group Housing Plan be located within specified Group Housing areas, or will it be satisfactory to the University’s future development to have such Group Housing units dispersed around the Campus and its immediate environs? (3) The Group Housing lease needs to be rewritten so as to permit the receipt of gifts in support of major re pair and renovation items in Group Housing units. (4) Is there a feasible method of financing Group Housing units with loans from the State Dormitory Authority? The Administration was requested to take up the foregoing questions and submit a report at an early meeting. 12. JOINT BANK ACCOUNT AT MEDICAL COLLEGE: The Presi dent informed the Committee concerning a proposal to estab- list a joint bank account under the title "New York Hospital- Cornell University" to be used for the receipt of gifts to the Medical Center fund-raising campaign from donors who do not wish to designate either institution Individually as donee. 13. ALPHA ZETA CHAPTER OF SIGMA KAPPA SCHOLARSHIP FUND: Voted to revise the Committee's action taken April 21, 1961, accepting a gift from Alpha Zeta Chapter of Sigma Kappa, Inc., of a sorority house located at 150 Triphammer Road, together with an accumulated reserve fund of $5*000 so as to provide that the $5*000 fund be established as the Alpha Zeta Chapter of Sigma Kappa Scholarship Fund, to be administered by the proper officers of the University - this action in accordance with a request from Sigma Kappa alumnae. 4ll4 9/15/61 Ex. Com. 14. SIMONS FARM PURCHASE: Voted to authorize the Ad ministration to purchase the R. D. Simons farm of 99 acres located on Creek Road, Freeville, New York, on the following terms: (1) Cash purchase price of $24,000. (2) The seller (now 88 years old) to retain during his lifetime the personal right to occupy as a place of abode the dwelling and small barn on a lot approximately 125 ft. by 225 ft. (3) The University to insure the buildings occupied by the seller against damage or loss by fire, in the amount of $10,000j and in the event of damage to restore the proper ty within the amount of insurance proceeds available. In the event of total destruction by fire, or such extensive damage as to make the cost of reconstruction exceed the insurance proceeds, then such proceeds to be retained by the University and the University to pay to Mr. Simons interest thereon at 5 per cent per annum for the remainder of his lifetime. Voted further to appropriate $24,000 plus sufficient funds for necessary closing expenses from the Farm Land Pur chase Account and College of Agriculture Income Fund, for this project. 15. LAND APPROPRIATED BY STATE FOR ROUTE 13 BYPASS: The President reported that final plans for the Route 13 by pass coming into Ithaca from the east required that theState of New York appropriate 74.1 acres of University land in the Towns of Dryden and Lansing. In accordance with the Commit tee fs action taken March 18, 1958, this land was made avail able to the State without cash compensation because the pro posed highway was routed away from the Laboratory of Orni thology and through the University Research Park" area. Voted to approve and recommend to the Board of Trustees the following resolution in conjunction with this project s RESOLVED, that because of the value to the University of having the new or alternative State Route #13 directed away from the Laboratory of Ornithology and through the Research Park area the Board of Trustees approves, ratifies and confirms an agreement of adjustment for $1*00, payment waived, with the People of the State of New York represented by and through the Superintendent of Public Works in connection with appropriation of Ex. Com. 9/15/61 4115 rights of way for "Ithaca-Etna, State Highway No. -- , Tompkins County, Map No. 38, Parcel Nos. 56, 57, 58, 59, 60, 75, 93, and Map No. 36* Parcel Nos. 50, 51* 52, 53* 54” and a small parcel of land at the North Triphammer Road intersection for which an appropriation map has not yet been served on the University. The Board authorizes the Vice President-Business to ap prove and execute such agreement of adjustment for and on behalf of the University, and on be half of the University to execute and deliver to the People of the State of New York or the Attorney General acting therefor any and all releases, vouchers or other instruments relat ing to the above recited appropriations of land which may be required by the terms of such agreement. 16. CLASSIFICATION OF FUNDS: The Committee received the University Counsel's report concerning the classifica tion of new funds received by the University since October i960. A copy of this report is attached to these minutes as Appendix D. 17. GAS LINE EASEMENT: The President reported that the University had granted an easement to the New York State Electric and Gas Corporation to install and maintain a gas pipe line from a point about 21 feet southwest of the Agronomy building on the northeast side of Caldwell Road, thence generally along said road to Forest Home Drive, in order to obtain gas service for the University's filtration plant and to provide such service to residents along Forest Home Drive. 18. SCHOOL OF EDUCATION: Voted to appoint WILLIAM LLOYD IRVINE to be Associate Professor of Education and Co ordinator, Inter-University Project, in the School of Educa tion, for a term of three years, effective September 1, 1961. 19. PROPOSAL TO CONSTRUCT 3-BEV ELECTRON SYNCHROTRON: Voted to authorize the Administration to submit to the Office of Naval Research a proposal for the construction of a 3-BEV (billion electron volt) synchrotron and associated buildings at the Laboratory of Nuclear Studies, to be financed entirely by ONR funds - the project to be subject to final approval by the Board of Trustees on the basis of ONR reaction to this proposal. ^116 9/15/61 Ex. Com ADJOURNMENT: On motion the meeting was adjourned at 2:15 p.m Neal R. Stamp Secretary x Com. Ex. Summary Requested State Appropriations for 1962-63 Budgets • — CL CO OJ^ Q —I —I (— I 1— O CQ s ^ -3- o (DVO — ■••-d c l cd cd l c ■••-d — <• O rH > la * -p a aj 2 n o OJ OJ iH ^ Cl , C^ Q r H n *h < < M < CD o a > cd cd T *H O rH E £ CD ^ > 0 co •* T3 oq ~P -P *H *H -P P D -P CD a O cd cd -P CD cq C -€/3- - 0 0 o v 0 0 -€/3- -ee- 00 vo -«e- 0 0 O O 0 0 00 O t>- =t -= —1 t— 6 on 1— on OJ c~ fc O 1 rH 0 i>~ 1 1 a l CVJ >- t> iH 1 I— LA CT\ H D CD T3 CD W •H O rH •P — — — / > Q »H rj & x o O d £3 3 ^ CD 2 9 *\ *\ \•s •\ •> »\ 1 *\ •» *\ t 1 1 - C S Cd W APPENDIXA 0 0 0 0 VO VO =t -= VO VO CM CVJ co on - h o v on OJ CVJ OJ rH a l n o n o 0 n o rH 0 - D n o O rH rH rH ON H C» •H 0 CD 00 -p O CQ CD O •s •N 9 •N «\ *\ / 15/61 o v o v CO o v O rH rH o> O 0 [>- m ON > o rH CF\ - o ^- r^ n o 1—1 iH 1 a l 1 n o n o LA HrH rH LA — -- cd •\ •> •\ •N ®\ 1 o 1 VO VO o v VO OJ =t -= o c 00 a l h C ^ o 0 OJ n i t"~- a l 1—1 rH rH a l 0 n o LA rH 1— 1 0 rH •v ®\ »\ \ o v o v 0 0 0 0 VO o v o v - vo -=t 00 VO o v CVJ OJ >- t> 0 OJ >- [> J\ (J 1 on > o rH cvj on I 1 >- [> 3 rH 0 — a l rH rH -- -- P 00 rH 1-3 H i 1 — O O O h •\ - *N 1 *\ 1 1 o v VO =t -= -=J- -=f vo vo o v 00 rH LA a l rH a l HrH rH LA 0 rH cvj on rH 1 rH ir- rH on rH 1 rH 00 — O •H rH — O CD CQ u > CD a) d 5 cd (D h •N N•N •N •N 1 1 -€/ <&- -ee- o v o v vo 0 0 -ee- =f -= 0 0 OJ OJ =tcd t -= OJ on 0 LA LA cvj cvi on AO LA 0 LA 0 1 cr> 1 rH !— on cvi LA 1 cvj p 0 —1 - 0 t" —I EH 1 LA i •p — — — CQ O cd 9 •> •N - 1 1 1 1 : s -P Q C rH °H CH rH •H •H P t rH rH cd cd cd CQ P (D O (D CQ CD ❖ CO O Cf_|rH £ > 0 t>> m J cd CD on on CQ O CQ cd 4117 G £ O cd H CL CL U O h cd P, 0 0 £ CQ CL £ CT\ O r CQ h CD CD u 3 0 p 0 s H ) p -p VO VO rH 1— 1 — cd u CD l c £ -N I 4118 9/15/61 Ex. Com. APPENDIX B 0 . >5 -P -p X) 0 - cd i—i - VO VO -p cd a P O n CTn CO o a P CD i—1 "d I--1 "d CO •i—i < p C CD p QJ -p -p 0 P p QJ >> CO CO >> CO CO +H >5 CO P >» p 00 > CO rO o OJ O (D •rH bfl -p bO -p P S o VO O Cl) a. p sa P bD P •H P •f—1 i—1 p P O n o bO CD o cr CD O •H Sh •H Jh o c 0) 0 1—1 P P !H CD P u 0 B Tj o o P o bo -p p> CD P Ob rO Tj cu rC> o f—1 p i—1 p •rH < O CD O i—1 U •H -p •H -p *\ •H P s CU -3" CO ov on (+H p p 3 -p CO •-N c CO P L -- VO CVJ i—I PQ < P < O 0 (U -p CD 1—1 O CVJ o i—I Sh bfl tiO CO O (D rH •N 0 .• QJ 0 CD c bO vo on on CVJ i—i > CO CO CO i—1 f—1 P cd P •\ CvJ vo p CVJ o •. a> i—1 1—1 i—I a) 1—1 VO CVJ vo O >-< >H o o o C cd i— i LTN -_ ^ ^ ■— ^ V_ 0 p o o O P P vo * P s p LT\ CTn O VO 0^ O LTN O p ' lT n O CT\ o OV O cvT *N LT\ o i—1 o VO LTN -J- i—1 LT\ o *\ CVJ on CVJ CVJ •N •N on on vo a\ C7\ I—I J - vo LTN cvj CVJ CVJ o on 0"v o o on J ' c\J 0 Q\ -it -d~ c LT n CVJ o o on O vo CJ av on i—^ o t— CVJ o o o ♦ C *N •N •N •N •s *\ on cr\ on on cd o vo on CVJ 1--1 o o on ltn i_r\ • i—1 o CO on 0\ -j" LTN co c— i— 1 C O L P\ cd 1—1 CO O 1—1 1--1 on 1—1 * *N P *\ CVI LT\ i— l CVJ co P O o ■P p O O on 0 - 0 - "d 0 O O Oa P" c— 1—1 a 0 -p O O Cvj CVJ OJ CO < o cd *\ *N •N •X P P Ti o C -d- CO on LP\ cd O o vo LT\ vo CO P > OV O CO o oo 1—1 P *N •s 1—1 < i—I on 1—1 vo cd P p c p • bO 0 vo co 1—1 n 5 t>s i—i •rH O CO Ci -P cd 1—1 P i—i cd C p 0 0 cd cd a, (D O i—1 C P a CO >> P p> rH i—i a Cl 0 i—I g cd bD 0 VO -p 1—1 cd P o cd •l—1 G o P 0 P > 0 CJ Ov •H vo o P P p P cd •rH p i—l a i—i o\ P •i“D a p cd o P cd a vo 1—1 p p 1—1 P < o Ci P 1—1 cd p > *N o ov o Cl 0 cd 0 1—1 •rH vo •I—I cd P o O r H •N Cl p -P c P cd P P < < < G\ S CO on o p p 1—1 P o o P P P P «N on 0 Cm o •rH P TABLE OF NEEDS 1. For Excellence in Cornell Education a. Facilities: Architecture $ 170,000 Arts and Sciences 4,800,000 Engineering 1,500,000 (Gross)* Law 615,000 Central Libraries 1,900,000 (Gross)* ______$ 8,985,000 b. Faculty salary support: Endowed Chairs 15,000,000 (30 at $500,000) (Gross)* Graduate Teaching 7,000,000 Fellowships (140 at $50,000);______22,000,000 c . Endowed Book Funds 3 ,250,000 d. Faculty Research 1 ,000,000 Funds ______$35,235,000 2. Areas of New "^Distinction^ a. Society for the Hu 2.500.000 manities at Cornell b. Center for Inter 1 .000.000 national Studies c. Physics and Materials 8.000.000 Science Center (Gross)* d. School of Education 2.500.000 e. Studies in Biological 1 .000.000 Sciences 15,000,000 4120 9/15/61 Ex. Com. 3- Campus Life a. Housing: __ Living and Dining 2,500,000 Facilities (immediate need, net) Living and Dining 1,000,000 Facilities (second phase, net) 3 ,500,000 b. Student Services: Freshman Center 1,500,000 Graduate Center 350,000 Willard Straight 1,000,000 Hall Cornell United 1,250,000 Religious Work Physical Education 2,000,000 and Athletics ______6,100,000 9,600,000 4. Student Aid a. Undergraduate 2,050,000 Scholarships b. Graduate 2,000,000 Fellowships (Gross)* c. Loan Funds 1,200,000 (Gross)* 5,250,000 5 . Expendable Funds 4,000,000 Total Needs $69,085,000 *These figures include the following foundation, individual and government grants, some parts of which require matching by Cornell. Ford Foundation .Gtoank for Engineering: a. Endowed Chairs $2,200,000 b. Loan Funds for 250,000 Graduate Students c„ Fellowships 500,000 d. Nuclear Reactor 750,000 $ 3,700,000 A »R.P o A 0 4,000,000 Total Funds Committed ______$ 7,700,000 Net Total Needs $61,385,000 Ex. Com. 9/ 15/61 4121 APPENDIX D REPORT ON CLASSIFICATION OF GIFTS AND BEQUESTS Amount ANONYMOUS FUND NO. 5 Gift of an anonymous donor in trust for the benefit of himself and his wife for life and thereafter the principal and income may be used for any Univer sity purpose. Established 1 9 6 1 ...... F-2 $ 99,856.56 ANONYMOUS FUND NO. 15 The income from this anonymous fund is to be used for the care, land scaping , maintenance, and improvement of the grounds upon which Teagle Hall is situated. Any balance of the in come and the incomes from other speci fied funds will be credited to this fund until it reaches the sum of $50,000, after which the income will continue to be used for the stated purposes. Established i960 ...... E 38,598.07 ALDRICH, WICKHAM HURD, FUND Bequest of Wickham H. Aldrich, after the life interest of his wife, to be placed in the general endowment fund and to be known as the "Wickham Hurd Aldrich Fund," to be held, treated, and disposed of as the Trustees of the University shall deem best. Established 1961 ...... D 14,989.64 BACHE B. & P.A. BUILDING FUND Gift of Mr. and Mrs. Harold L. Bache to be used for the construction of the new building for the Graduate School of Business and Public Administration. Mr. Bache has pledged $100,000 for this purpose. Established i960 ...... C 79,179-16 4122 9/15/61 Ex. Com. Amount CARNES, BETTY, FUND Gift of Herbert E . Carnes subject to a life income provision for himself and his wife. On termination of those interests any unpaid income and the principal of the fund shall be used for the Laboratory of Ornithology. If the Laboratory shall not be in existence the fund may then be used for such similar corporate purposes as the Trustees may determine 0 Established i960 ...... E-2 57,531.25 CARNES , BETTY9 FUND N0o 2 Gift of Herbert E. Carnes subject to life income provisions for himself and his wife. Thereafter the income from the fund and the principal shall be used for the Laboratory of Ornithol ogy; but if the Laboratory is not in existence then the fund shall be used for such similar corporate purposes as the Board of Trustees may determine. Established 1961 ...... F-2 28,828.12 J 0 P0 LEVIS PROFESSORSHIP ENDOWMENT Gift from the Charities Foundation Fund for Professorship, received through J. Preston Levis. At the request of Mr. Levis, the name has been changed to nJ . P. Levis Professorship Endowment „51 This fund was previously classified A-1,3. In view of this request the classification has been changed to restricted Class . E 94,483.27 COURTNEY, JOHN, ALUMNI MEMORIAL SCHOLARSHIP ENDOWMENT Gifts from friends of John Courtney, the income to be used for scholarships for students in the School of Hotel Administration,, Established 1961 ...... E 10,065.00 DELTA .KAPPA EPSILON GROUP HOUSING FUND Gifts of alumni and friends of the Delta Kappa Epsilon Fraternity pur suant to its participation in the University Group Housing program0 Established 1961 ...... C 4 ,613.51 Ex. Com. 9/15/61 4123 Amount DREIER, WALTER C., ENDOWMENT FUND Bequest of Walter C. Dreier as an endowment fund, the income to be used for any University purpose. Established 1 9 6 1 ...... D 21,491.34 EPPLEUR, CHARLES, JR., FUND Gift of Charles Eppleur, Jr. subject to a life income agreement with the provision that on the termination of those interests the fund shall be terminated and the principal shall be transferred to the Class of 1916 Fund. Established i960 ...... D-2 5,892.50 FISHER, EDWIN HORACE, FUND Gift of Edwin Horace Fisher subject to a life income provision for himself and his wife. On the termination of those interests the principal of the fund is to be add ed to the Class of 1911 Memorial Endowment Fund each year, in the name of Edwin Horace Fisher. Established 1961 ...... E-2 3,326.30 FORD FOUNDATION SCHOOL OF EDUCATION PROGRAM FUND Gift of the Ford Foundation to be used to establish cooperative programs to strengthen teacher edu cation and the training of educational administrators. To be used over a period of six years. Established 1961 ...... C 1,844,000.00 GOODSTEIN, DAVID B., SCHOLARSHIP ENDOWMENT Gift of David B. Goodstein, to establish a scholarship In that name. The income from the fund to provide a scholarship for a male student in the College of Arts and Sciences to be selected by the donor from three appli cants to be recommended by the University Scholarship Committee. Donor would not like the gift identified except in the Treasurer's report. Established 1961 ...... E 10,198.65 4124 9/15/61 Ex. Com. Amount GREEN, DAVID, FUND Gift by Mr. David Green of interests in fifteen oil wells. The income therefrom is wholly un restricted as to use. Established 1961 ...... A 1.00 GRINNELL,J JULIA TEMPLE, ENDOWMENT b Gift of Mr. Lawrence I*Grinnell in memory of his wife, Julia Temple Grinnell, to be held as an endowment and the income to be used in the Laboratory of Ornithology for color prints. Established 1961 ...... E 1,000.00 HEIDELBERG SCHOLARSHIP FUND Gift by Thomas B. Gilchrist to provide a scholarship in Cornell University to a student from the University of Heidelberg over a period of the next ten years. Up to $4,000 per academic year may be expended for this purpose. Established 1961 ...... C 40,000.00 HUGHES, CHARLES EVANS, LAW RESIDENCE CENTER FUND Gift by Thomas B. Gilchrist to be used toward the cost of the proposed Law School dormitory. Established i960 ...... C 25,000.00 JENNINGS, J 0 ARTHUR, ENDOWMENT Gift of John Arthur Jennings, the income to be used for the purchase of books, continuations, supplements, and other appropriate library materials for the Law School Library0 Any unused in come in any year is to be added to the principal. Established i960 ...... E 3,000.00 LABORATORY OF ORNITHOLOGY BUILDING ADDITION FUND Gift of the Arcadia Foundation as a nucleus for a fund for an addition to the Laboratory of Ornithology. Established 1961 ...... C 5,000.00 Ex. Com. 9/15/61 4125 Amount LAUBE, HERBERT D., ENDOWMENT Gift of Vivian F. Laube as a memorial to her husband, Professor Herbert D. Laube, the income to be used for books and other appropriate materials for the Law School Library. Established 1961 ...... E 1,000.00 LEVY, JOYCE AND ROBERT, SCHOLARSHIP ENDOWMENT FUND Bequest of residuary estate under the will of Robert Levy, to be held as an endowment and the income to accumulate until the endowment reaches $100,000; then the income shall be used to main tain an undergraduate scholarship in the University to be known as the Joyce and Robert Levy Scholarship. Established 1961 ...... E-2 10,000.00 MORITZ, SAMUEL J., SCHOLARSHIP ENDOWMENT Bequest under the will of Samuel J. Moritz to establish a principal fund, the income to be used for scholarships for women students at Cornell University, or to be added to other funds of the University which are held for that purpose. Established 1961 ...... E 4,475.00 0LEJNIK, JACOB, ENDOWMENT The residuary bequest of a former employee of the University to establish an endowment fund, the income to be available for general purposes in the University. Established 1961 ...... D 2,296.28 POST, KENNETH, FOUNDATION ENDOWMENT Gift of the Kenneth Post Foundation in memory of Kenneth Post, former Pro fessor and Head of the Department of Floriculture and Ornamental Horticulture, to be held as an endowment and the income used for teaching and research projects in floriculture and related fields, in the New York State College of Agriculture. Established 1961 ...... E 10,000.00 4126 9/15/61 Ex. Com. Amount RHODES, FRED H., LIFE INCOME FUND NO, 2 Gift of Fred H. Rhodes, subject to a life income interest of himself and his wife. The fund is to be separately invested until termination of the life interests, when it is to be added to the existing Fred H. Rhodes Endowment Fund. Established i960 ...... E-2 4,950.00 RIPLEY, JOSEPH P., FUND Gift of Joseph P. Ripley subject to a life income interest. The fund to be separately invested during his lifetime and thereafter to be available to the University for any University purpose. Established 1 9 6 1 ...... F-2 40,837.50 ROSE, REGINALD P., SCHOLARSHIP FUND Gift of Arthur H. Dean to establish the Reginald P. Rose Scholarship Endow ment, the income to be awarded to a boy or girl graduate of Oyster Bay High School. Established 1 9 6 1 ...... E 2,000.00 SCHEIDENHELM, FREDERICK W., FUND Bequest under the will of Frederick W. Scheidenhelm, with the request that it be invested and the income used for pur poses not normally provided for in the University budget, until at least two years after the death of his wife, when it may be added to a bequest from her. Established 1961 ...... D-2 25,000.00 SHEPARD FUND Gift of William S. Rockwell pursuant to a life income agreement for the benefit of himself and his wife. On termination of their interests the fund becomes un restricted. Established 1 9 6 1 ...... A-2 29,968.75 Ex. Com. 9/15/61 4127 Amount SHREVE, RUTH BENTLEY AND RICHMOND HAROLD, MEMORIAL ENDOWMENT Gift of Richmond B. Shreve, Dr. Robert W. Shreve, and Thomas C. Shreve, in memory of their parents, the income to be used to provide Federation Scholar ships and for awards in the College of Architecture. Established 1961 ...... E 17,627.16 STOCKS, ESTHER, LOAN FUND Bequest under the will of Marion Houghtelin Hart, the income to be avail able for loan purposes to graduate students taking courses in pre-school education in the College of Home Economics. To be known as the Esther Stocks Loan Fund. Established 1961 ...... E 2,939^58 STONE, EDITH ADAMS AND WALTER KING, MEMORIAL PRIZE ENDOWMENT Gift of Mr. and Mrs. Edward D. James to establish an endowment as a memorial to Edith Adams Stone and the late Walter King Stone, the income to be awarded as prizes to Juniors in the College of Architecture. Established 1961 ...... E 3,000.00 TOWNSEND, GARRETT T., MEMORIAL FUND Bequest under the will of Carrie G. Townsend to establish the Garrett T. Townsend Memorial Fund, with the request that the income be used to aid poor and needy students who have satisfactorily completed one year of study at the Univer sity and satisfactorily proved themselves to be of superior scholastic ability and moral character. Established 1961 ...... E 44,042.20 4128 9/15/61 Ex. Com. Amount VETERINARY COLLEGE ENDOWMENT Anonymous gift through Harry P. Albert as an endowment, the income to be used for the benefit of the Veterinary College for purposes determined by the Dean of that College, subject to the control of the Board of Trustees of the University. Established 1961 ...... E 7,792.88 WEBSTER, CHARLES H .s MEMORIAL ENDOWMENT Gift subject to a life income agree ment for the benefit of donor’s sister and wife0 The donor expressed a desire that thereafter the income be applied for the assistance of worthy students by either loans or scholarships. Established 1961 ...... D-1,2 16,190.36 CORNELL UNIVERSITY MEDICAL COLLEGE GRAHAM, JUDGE AND MRS. SAMUEL JORDAN, MEMORIAL SCHOLARSHIP ENDOWMENT Bequest under the will of E. Norma P. Graham to establish a fund to be known as the Judge and Mrs. Samuel Jordan Graham Memorial Scholarship Endowment, the income to be used for cash scholarship awards to deserving students In the field of Medicine and Surgeryo The University is given com plete freedom in the administration of these scholarships. Established 1961 ...... E 51,091.67 JACOBI, MARY PUTNAM - ANNA FOREST ROWE SCHOLARSHIP ENDOWMENT FUND Gift under the will of William Vincent Rowe for the Cornell University Medical College in New York City, the fund to be used solely for the establishment of one or more scholarships in connection with said school, to be known as the Mary Putnam Jacobi-Anna Forest Rowe Scholarship. Established 1961 ...... E 35,000.00 Ex. Com. 9/15/61 4129 Amount STIMSON, PHILIP M., ENDOWMENT Gift of Dr. Philip M. Stimson^the income to be used to support "The Good Physician Award" at the Medical College. Established 1961 ...... E 2,859.00 4131 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE Meeting held Thursday, October 12, 1961, 2:00 p.m., Board Room, Edmund Ezra Day Hall, Ithaca, New York PRESENT: Chairman Cisler, Trustees Donlon, Littlewood, Scheetz, Severinghaus, and Syme . President Malott joined the Committee for the executive session. Provost Atwood, Vice Presidents Burton, Summer- skill, and Zwingle, Treasurer Durland, Controller Peterson, Budget Director McKeegan, Counsel Meigs, and Secretary Stamp. ABSENT: Trustees Dean and Levis. Chairman Cisler called the meeting to order in regular session at 2:00 p.m. 1. APPROVAL OF MINUTES: Voted to approve the minutes of the Executive Committee meeting held September 15, 19^1, as previously distributed. 2. APPROPRIATION FOR PRESIDENTIAL SELECTION EXPENSE: Voted to appropriate $3,000 from 1961-62 current income to cover expenses connected with presidential selection. 3 . CURRENT BUDGET REPORT FOR THE YEAR 1961-62 TO DATE: Budget Director McKeegan presented the budget report (un restricted funds only) for the current fiscal year to date as follows: 4132 10/12/61 Ex. Com. a * Endowed Colleges at Ithaca Original Budget: Estimated Income $16,985,000 Estimated Expense 17,543,335 Estimated Deficit 55o/335 Additional Appropriations: Previously Reported 61,500 Ex. Com. 10/12/61 3,000 64,500 Current Academic Budget Deficit to Date $ 622,835 ******************************** "b- Medical College at New York Original Budget: Estimated Income $ 2,506,378 Estimated Expense 2 ,555,808 Estimated Deficit "$ 49,430 ******************************** c * Position of University 1s General Reserve (Funded) as -of October 12, 19^1 Total of Reserve $1,307,403.13 ******************************** d. Position of Unrestricted Gifts as of September 30, 19^1 " 1 . Estimated Net Unrestricted Gifts in Academic Budget $ 971,466 2 . Appropriations for Expenses in Academic Budget: University Development $247,994 Alumni Secretary 106,940 University Council 8,600 363,534 3. Estimated Gross Unrestricted Gifts 1,335,000 4. Gifts Applicable to Line 3 : Alumni Annual Giving 31,075 Parents Program 9,778 Corporate Program 88,797 Miscellaneous 34,850 164,5QQ 5. Balance Needed to Equal Estimated Income $1,170,500 ******************************** Ex. Com. 10/12/61 4133 Balance Receipts Receipts Needed Last Year Goal to to Reach to Date 1961-62 9/30/61 Goal $ 33,367 Alumni Annual Giving $ 850,000 $ 31,075 $ 818,925 7,332 Parents Program 35,000 9,778 25,222 112,260 Corporate Program 425,000 88,797 336,203 12,500 Miscellaneous 25,000 34,850 - 9,850 $165,459 Total $1,335,000 $164,500 $1,170,500 ***** ***************** ***** ****** e ° Position of Fund for Development of the University as of September 30, 1961 1. Uncommitted Balance - previously reported $6,608.96 ******************************** 4. BAKER-ARPA CONSTRUCTION CONTRACT: Voted to author ize the Administration to award a contract for the construc tion of an analytical facility in approximately 11,000 sq. ft. of Baker Laboratory basement, to the William E. Bouley Co. of Auburn, New York, at a cost of $206,735. Voted further to approve a budget for this project in the amount of $400,000, itemized as follows: Construction $206,735 University Work 17,500 Chilled Water Source 40,000 Furnishings and Equipment 76,000 Fees and Supervision 40,000 Contingency 19,765 Total $400,000 It was noted that funds are presently available for this project ($220,000 from ARPA funds and $180,000 having been advanced from current fund balances at the August meet ing of the Executive Committee). 5 . HASBR0UCK APARTMENTS LAUNDRY BUILDING CONTRACT: Voted to authorize the Administration to award a contract for the construction of a laundry building at Hasbrouck Apart ments to the William C. Pahl Construction Co. at a cost of $143,000. Voted further to approve a budget for this project in the amount of $153,000 itemized as follows: 4134 10/ 12/61 Ex. Com. Construction $143,000 Furnishings 10,000 Total $153,000 It was noted that funds are available already for this project through Dormitory Authority financing. 6 . WAIVER OF CONTRACTOR'S PERFORMANCE BOND: An Admin istration report was received to the effect that the Vara Construction Co., IncM general contractor for the construc tion of Bard Hall and Helen Newman Hall, was unable to furnish the usual general contractor's performance bond and stating the reasons therefor. Voted to approve the Administration's action in waiving the performance bond on the following conditions: (1) All subcontractors (excluding those exempted by the University) will be bonded both to Vara and to the Univer sity; (2 ) Vara will bank all funds for the two projects at Ithaca banks; (3) Vara will furnish to the University checks for payments to subcontractors and for significant material pur chases together with its monthly billings, such checks to be released upon payment of Vara's monthly billings; (4) The University will withhold 15 per cent of all Vara's billings not exempt or covered by bond in lieu of the customary 10 per cent withholding. The foregoing approval was given on the further condition that subcontractors » bonds include a provision en abling the University to enforce payment under such subcon tractors ' bonds directly and independently in the event of default by Vara. 7. DEAN OF THE UNIVERSITY FACULTY: Provost Atwood re ported to the Committee that it was the President's intention to nominate to the Board of Trustees Thomas W. Mackesey, Pro fessor of Regional Planning in the College of Architecture, for election to the office of Dean of the University Faculty for a term ending June 30, 1966. 8 . TUITION WAIVER FOR STUDENTS WITHDRAWING FROM UNIVERSITY: The Provost reported that the Administration had Ex. Com. 10/12/61 4135 made isolated exceptions to the existing policies covering waiver or refund of tuition for students dropping out of school after registration day for good reason such as to enter the military service. Under existing policy, a registered student who withdraws is charged 10 per cent of the term's tuition for each of the first ten weeks, with no waiver or refund being granted in the event of withdrawal thereafter. While not overruling the exceptions to existing policy made in isolated instances in order to prevent undue hardship, the Committee requested Provost Atwood to bring be fore an early meeting recommendations for updating existing policy on tuition waiver and refund to meet present-day situa tions . 9. A 3-MEV DYNAMXTRON ACCELERATOR: Voted to authorize the Administration to develop architectural plans and make engineering studies for the addition of an annex to the Nu clear Reactor Laboratory to house a 3-MEV (million electron volt) Dynamitron accelerator. The additional construction is estimated to cost $85,000 of which sum $30,000 would be fi nanced from existing Atomic Energy Commission contracts. The Administration was instructed to bring back before the Com mittee its architectural plans and engineering studies to gether with a report concerning further AEC financial support, as a basis for obtaining final authorization to proceed with the project. It was noted that the entire cost of the actual accelerator and associated equipment (estimated at $215,000) would be financed from AEC contract funds. Voted further to appropriate $10,000 from the En gineering Development Fund to finance such architectural and engineering studies. 10. CLASS OF 1916 SECRETARY’S ENDOWMENT: Voted to adopt the following resolution: RESOLVED that the agreement, dated for con venience October 21, 1961, between Cornell University and the Class of 1916 of Cornell University providing for the deposit of additional funds in the 1916 Secretary’s Fund held by the University, be approved and the University Treasurer be authorized to exe cute the agreement substantially in the form sub mitted to the meeting, upon execution in behalf of the Class of 1916- 11. STAYE GUARANTEE OF DORMITORY AUTHORITY BONDS: Voted to approve and recommend to the Board of Trustees for adoption the following resolution as indicating the Univer 4136 10/12/61 Ex. Com. sity’s support of a proposed constitutional amendment which would permit the state to guarantee bonds of the State Dor mitory Authority: RESOLVED that the Board of Trustees of Cornell University expresses its support of the proposed amendment to the New York State Constitu tion (proposition Number Six on the election ballot for November 7, 1961) which would permit the state to guarantee the bonds of the State Dormitory Authority and thereby aid higher education by re ducing interest charges payable by the educational institutions. 12. DEANE WALDO MALOTT HALL: Voted to recommend to the Board of Trustees that the proposed new building for the Grad uate School of Business and Public Administration be named Deane Waldo Malott Hall in honor of President Malott - with announcement to be made at the time of the President's re tirement in June, 1963. ADJOURNMENT: The regular session of the meeting was adjourned at 4:15 p.m. Chairman Cisler reconvened the Executive Committee in executive session at 8:30 p.m. The following actions were reported to the Secretary for the record: A. Presidential Selection - The Committee reviewed in detail a report from the Subcommittee on Presidential Se lection (Littlewood, Scheetz, and Severinghaus, Chairman) en titled "Procedures for the Selection of a New President of the University." Voted to approve this report with amend ments made at the meeting, for presentation to the Board of Trustees on October 13. A copy of the report as submitted to the Board of Trustees is appended to the minutes of the October Board of Trustees meeting. B . Irving M. Ives Hall - Voted to approve and rec ommend to the Board of Trustees for adoption,the President's recommendation that the new structure at the New York State Jchool of Industrial and Labor Relations be named Irving M. Ives Hall, honoring Mr. Ives, a longtime State legislator and Ex. Com. 10/12/61 4137 former U. S. Senator from New York, as a principal sponsor for the legislation establishing the School and as the School’s first Dean. Neal R. Stamp Secretary 4139 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES BOARD OF TRUSTEES Meeting held October 13-14, 1961, on the Campus at Ithaca, New York The opening session was called to order by Execu tive Committee Chairman Cisler in the absence of Chairman Dean on October 13 at 10:00 a.m. in Alice Statler auditorium, with members of the Cornell University Council as guests. PRESENT: Acting Chairman Cisler, Trustees Malott, Wickham, Catherwood, Milliman, Peer, Columbus, Donlon, Flanigan, Grumman, Hollister, Johnson, Kiplinger, Levis, Littlewood, Luckey, Mackay, Martinez, Mitchell, Newbury, Jansen Noyes, Spencer T. Olin, Personius, Purcell, Rhodes, Rogers, Scheetz, Schlesinger, Severinghaus, Syme, Widger, Wimsatt, Wood, and Wright; Trustees Emeritus Nicholas H. Noyes and Upson. Provost Atwood, Vice Presidents Burton, Summerskill, and Zwingle, Treasurer Durland, Controller Peterson, Budget Director McKeegan, Counsel Meigs, and Secretary Stamp. ABSENT: Trustees Rockefeller, Wilson, Carlino, Allen, McHugh, Collyer, Dean, Hanover, Hollander, Knight, John M. Olin, Sullivan, and Tuttle. 1. INTRODUCTION OF NEW TRUSTEES: Chairman Cisler in troduced to the group Trustees Martinez and Schlesinger, who were attending their first meeting since election to the Board. 2 . TRUSTEE HOWARD J. LUDINGTON: The Chairman reported 4l40 10/13-lV 6! Board with regret the death of Trustee Howard J. Ludington at Roches ter, New York, on September 10, 1961. Upon recommendation of Trustee Newbury and by a rising vote, the following resolution was adopted: HOWARD LUDINGTON Howard J. Ludington (Class of 1917) died at Rochester on September 10, 1961. He had been ap pointed to this Board of Trustees by Governor Rockefeller as of July 16, 1961. Now Cornell University has been deprived of the advice and counsel of a distinguished and devoted alumnus less than two months after he had embarked upon a term of trusteeship for his Alma Mater. Howard Ludington was born on July 11, 1894, entered Cornell from Holley, New York, in the fall of 1913 and was graduated from the College of Agri culture with the B.S. degree in 1917. He served as a naval aviator in Prance and Italy during World War I and entered into the investment banking field at Rochester, New York, in 1919- His company, H. J. Ludington, Inc,, became a mortgage banking agency of national renown. As an alumnus, Howard Ludington served ably and enthusiastically as president of the Cornell Club of Rochester, director of the Cornell Alumni Association, and member of the Cornell University Council. He was outstanding as chairman of the highly successful 30th, 35th and 40th reunions of his Class and he had been active as chairman of the 45th reunion to be held in June, 1962. Now, therefore, BE IT RESOLVED that this Board record its sense of loss and sorrow at the untimely death of Howard J. Ludington, a new colleague but a tried and true Cornellian, and BE IT RESOLVED FURTHER that an appropriate copy of this resolution be delivered to Trustee Ludington’s wife, Ethel, his son, Howard, Jr., a Cornell alumnus, and to his daughter, Mrs. William Butler, Jr., with sincere sympathy from the mem bership of this Board In meeting assembled. 3 . FORMER TRUSTEE JACOB GOULD SCHURMANs The President re ported with regret the death of former Trustee Jacob Gould Schurman at New York City on September 21, 1961. Board 10/13-14/61 4l4l Upon recommendation of Trustee Newbury and by a rising vote* the following resolution was adopted: JACOB GOULD SCHURMAN, JR. Jacob Gould Schurman, Jr. (Class of 1917) died at New York City on September 21, 1961. He had served as a member of this Board of Trustees, elected by the alumni, from 1948 to 1958. Son and namesake of Cornell's distinguished third president, he followed his father's example of a long career of conscientious public service. Born at Ithaca on June 27, 1895* Judge Schurman was graduated from the College of Arts and Sciences with the A.B. degree in 1917. He served as a captain of infantry in the American Expeditionary Force in France during World War I. Completing his legal education after the war he began the practice of law in New York City in 1922. In 1930-31 he was chief assistant to Judge Samuel Seabury in investigations of graft and cor ruption in the courts and city administration of New York City. He was named Chief Magistrate of New York City by Mayor La Guardia in 1935. In 1939 he was named judge of the Court of General Sessions by Governor Lejiman and was elected to successive fourteen-year terms with bi-partisan support in 1940 and 1954, retiring in 1959. His reputation for probity and courage was universal. Now, therefore, BE IT RESOLVED that this Board record its sense of loss at the death of its distinguished former colleague, Jacob Gould Schurman, and BE IT RESOLVED FURTHER that an appropriate copy of this resolution be delivered to Judge Schurman's family with the sincere sympathy of this Board. 4. REMARKS BY ACTING CHAIRMAN CISLER: Acting Chairman Cisler described an extensive trip which he had made during the summer to countries in eastern Europe, southern Asia, and eastern Africa, studying the status of public power develop ment and public power needs in the areas visited. In the course of his description of this far-reaching journey Mr. Cisler made the point that, in his opinion, the imbalance be tween public power needs and public power facilities, par ticularly among the underdeveloped countries in various parts of the world, is a factor which will greatly influence the international political events of the future. 4l42 10/13-14/61 Board 5 . CENTENNIAL PLANNING: Chairman Cisler reviewed the activities of the Centennial Planning Committee over the past year. He noted that the Centennial Planning Committee had worked in close harmony with the Executive Committee of the Board of Trustees in a strenuous effort to ascertain and evaluate the University’s financial needs and to develop a table of needs which would form a basis for an organized fund raising campaign. He also commented on the problems of co ordination as between capital gift campaigns for the Ithaca Campus and for the Medical College, and as between theicapital gifts campaign and the regular annual giving campaign. At the Chairman's request, Vice President Zwingle spoke concerning some of the educational concepts which had guided Centennial planning, and the philosophy which had pre vailed in the course of this prodigious effort. He noted that some thirty dissertations or position" papers had been prepared by individuals and groups among the Faculty, the * Trustees, and the Administration in an effort to identify and analyze the strengths and needs of all phases of the Univer sity’s activities. He noted the development of a Society of Fellows in the College of Arts and Sciences, and the projected establishment of inter-disciplinary centers such as the Center for International Studies and the Center for the Biological Sciences as forward-looking developments designed to take greater advantage of the University's potential for sound achievement in education. At the Chairman’s request, Trustee Jansen Noyes spoke briefly as a member of the Centennial Planning Commit tee. He indicated that a capital gifts campaign would be announced within the next three or four months, and that such a campaign undoubtedly would last for approximately three years. 6 . REPORT BY PRESIDENT MALOTT ON THE STATE OF THE UNI VERSITY: a. President Malott opened his remarks by citing a number of changes that are taking place rapidly in the educa tional world. Frequency of Multi-million-dollar Projects The President noted a substantial increase in the number of multi-million-dollar projects which are being de veloped and entered into with direct financial support from outside the University. Principal sponsors are various gov ernmental agencies and foundations. Rapid new technological advances are making available a multitude of new, more com Board 10/13-14/61 4143 plicated and therefore more expensive facilities for investi gations particularly in the areas of the physical sciences. The President noted that of the federal government support going to 287 educational institutions last year, 92 per cent was concentrated in 66 institutions. Growth of Graduate Schools Mr. Malott noted the very substantial increase in the number of students now going on to do graduate work at the completion of their undergraduate program, when compared with the number of those so doing as recently as ten years ago. Whereas formerly those planning to enter upon a teach ing career were predominant among the group that went on to do graduate study, today graduate study rapidly is becoming an essential for the better positions in business and the professions. A natural consequence is that industry now is competing strenuously with educational institutions for their teaching personnel. Changes in Type of Financial Support The President noted that, largely due to the structure of present-day income tax statutes, the larger pri vate gifts in support of education are becoming complicated transactions in which the gift is paid in over a substantial period of years, is paid in particular securities rather than in cash, or reserves to the donor one or more rights or in terests for varying periods. The growth of educational foun dations with their predetermined policies for support of educational institutions likewise leads to more complicated agreements of gift. Admissions Policies Universities are finding it necessary to undergo a thorough re-evaluation of their admissions policies, in or der to make certain that they are admitting the right types of students to take greatest advantage of the educational opportunities offered and to be of greatest value to society upon graduation. The Fraternity System The President noted that the traditional view of a college fraternity as a social club having little or no con nection with the educational institution at which it is located, and being controlled from a national fraternity headquarters, has given way to a situation in which the local 4l44 10/13-14/61 Board fraternity is controlled more and more by the faculty and ad ministration of the particular institution. This is brought about by a number of factors* all of which have to do with a closer assimilation of the student's residential and extra curricular life with his classroom activities. b. The President next turned from his comments on changes in the educational world in general* to a more specif ic survey of Cornell’s problems* needs* and developments. Budgetary Problems The President noted that maintenance of a balanced budget in a time of such rapid educational developments con tinues to be the University's most perplexing problem. The University is substantially undercapitalized to do an educa tional job of the magnitude and quality which we are under taking. This is the basic reason for entering into a sub stantial capital gifts program at this time* and also the reason why the success of the proposed fund-raising program is so imperative to the University's welfare. Buildings and Physical Plant Improvement At the beginning of the current academic year Mary H. Donlon Hall and Prank B. Morrison Hall for animal husbandry were completed and available for full occupancy. The Has- brouck Student Apartment project and the new Industrial and Labor Relations School facilities were partially completed and partially occupied. In all* new construction was under way on the Ithaca Campus and at the Medical College this past summer in the total amount of $18 million* including such ad ditional facilities as Helen Newman Hall (women's sports building)* Bard Hall (Metallurgical Engineering)* and the Wood Library and Research Building and the Faculty Club at the Medical College* the latter being a gift from Trustee Emeritus Griffis. Plans are being developed presently for the con struction of a new building for the Graduate School of Busi ness and Public Administration* the Hughes Hall Law School Dormitory* the Materials Science Center complex* and further student housing. Financing for this proposed construction program (presently estimated at $23 million) is substantially but not entirely in hand from gifts* government research con tract* and Dormitory Authority Loans. Student Life While Donlon Hall and Hasbrouck Apartments add ad- Board 10/13-14/61 4145 ditional facilities for student housing* the conversion of oage Hall to a graduate residence center offsets somewhat the dormitory sPace available to undergraduate women. In addition* some of the older dormitories such as Cascadilla Hall are in need of replacement or substantial rehabilitation. Fraternities pledged more new members during the past year than previously* in spite of their self-imposed pro hibition against pledging students on probation. Engineer ing studies have been conducted among the fraternity and sorority houses to determine their structural status and to determine the extent of deferred maintenance. Renewed^efforts are being made to assist freshmen students in bridging the gap between secondary school and college level work. An intensive seven-week course is avail able for those with reading difficulties, and a series of three-week courses has been introduced to assist students in learning to study. In the area of financial aids 3*693 undergraduate students received scholarships or loans last year in the total amount of $2*625*000. The use of loan funds has trebled in the last three years* with all available funds presently being used. Enrollment The total University enrollment in September* 1961* amounted to 11*768 students* of whom 11*158 are located on the Ithaca Campus* with an increase of 343 over last year. The increase is chiefly in the College of Agriculture and in the Graduate School. Over the past five years there has been a modest in crease in the number of applications for admission to the University (9*154 in i960J* but the number of persons being admitted has remained relatively stable (4*028 in i960 com pared with 4*069 in 1955). A continuing problem is that only from 50 to 60 per cent of those admitted by the University actually matriculate at the University. This is due to the present-day habit among young people of making multiple ap plications to several different colleges and who do not choose Cornell after acceptance - partly because we have insufficient scholarship funds. As a result* it is impossible to control with any precision the student enrollment in a given year. As the University starts its second year under a voluntary R0TC program* the voluntary enrollment has moved up from 483 to 664* It now appears that the University will be in a position to supply as many reserve officers to the mili tary services under the voluntary program as it did formerly under the compulsory program. 4l46 10/13-14/61 Board Gifts Cornell was one of five universities receiving un restricted gifts during the past year in excess of $1 mil lion* the Cornell total being $1*042,954. This has resulted from a great deal of hard work on the part of Trustees* Coun cil members* and Alumni Fund representatives. However* in the light of the University’s needs and in view of the size of the alumni body (presently over 100*000) the level of un restricted giving badly needs to be improved. 7 . CORNELL AERONAUTICAL LABORATORY REPORT: Mr. Ira Ross* President of the Cornell Aeronautical Laboratory at Buffalo* made remarks concerning the Laboratory's role in the national defense effort. He spoke particularly of the Lab oratory ’s program for the development of an anti-missile missile. The joint session was adjourned at 12:15 p.m. Business Session The Board of Trustees was reconvened in regular business session by Acting Chairman Cisler at 2:30 p.m. on October 13, 1961* in the Board Room* Edmund Ezra Day Hall. 8 . REPORT BY VICE PRESIDENT ZWINGLE: a* Gift Report - Vice President Zwingle presented a gift report for the fiscal year 1961-62 through September 30* as follows: Board 10/13-14/61 4147 TOTAL REC'D TOTAL REC'D THROUGH THROUGH SEPT. 1961 SEPT. I960 A. COLLEGES AT ITHACA 1. For Current Operations Total Unrestricted Gifts $ 173,707.34 $ 189,795.85 Total Restricted Gifts 355,806,75 349,287.57 TOTAL GIFTS 523,514.09 539,083.42 2 . For Capital Funds Endowments 624,853.53 574,123.35 Construction and Equipment 78,300.72 265,087.62 Miscellaneous (Expendable) 62,048.29 20,615.86 TOTAL 7557202754 ■859,'82'6T53 3. Research Grants Endowed Colleges 229,532.50 195,852.00 State Colleges 293,955.08 285,884.95 TOTAL 523,487=58 '481,736.95 4. Loan Funds - 0 - 17,755.67 5. Gifts in Kind 19,108.82 1,925.00 6 . Funds Subject to Life Income 10,815.00 36,632.53 7. TOTAL FUNDS TO COLLEGES AT ITHACA 1,848,128.03 1,936,960.4o B. MEDICAL COLLEGE AT NEW YORK 1 . For Current Operations 62,251.53 55,040.72 2. Research Grants 344,905.35 355,533.45 3. Capital Funds 135,615.50 4. TOTAL FUNDS TO MEDICAL COLLEGE 542,772.38 552,543.52 Ce GRAND TOTAL GIFTS AND GRANTS TO CORNELL $2,390,900.41 $2,489,503.92 b. Office of University Development - Mr. Zwingle commented that no increase in the regular staff of the Office of University Development was contemplated at present. He noted that the Director of University Development, Mr. Bruska, would be the official liaison person between the University Administration and the professional fund-raising organization in the course of the forthcoming capital gifts campaign. 4l48 10/13-14/61 Board 9 . APPROVAL OP MINUTES: a. Voted to approve the minutes of the Board of Trustees meeting held June 12* 19^1, as previously dis tributed. b. Voted to ratify and confirm minutes of the Ex- exutive Committee meetings held June 11 and August 18* 1961* as previously distributed. 10. REPORTS AND RECOMMENDATIONS FROM EXECUTIVE COM MITTEE: Reports and recommendations from the Executive Com mittee meetings held August 18* September 15, and October 12* 1961* were presented by Vice Chairman Donlon* on which ac tions were taken as noted below: a. Final Budget Report for the Fiscal Year 1960-61 - Budget Director McKeegan reviewed the final budget report for the fiscal year 1960-61* showing an operating surplus for the year at the Endowed Colleges at Ithaca of $347,939*06* and an operating surplus for the Medical College in New York in the amount of $7 ,715 *36. b. Initial Stage of Physics-ARPA Construction Au thorized - Vice Chairman Donlon reported that the Executive Committee had authorized the Administration to award a con tract for the construction of an analytical facility in some 11*000 sq. ft. of Baker Laboratory basement* to the William E. Bouley Co. of Auburn* New York* at a cost of $206*7 3 5 . The Committee also approved a project budget in the amount of $400*000 within funds already made available. In addition* the Committee has authorized the con struction of temporary space in Rockefeller Hall Court to house technical operations* stock room* machine shop* student shop* and increased low temperature facilities* to make way for the demolition of the northeast shop wing of Rockefeller Hall as a part of the Physics-ARPA development - this par ticular project being estimated at $70*000. c . 1961-62 Budgets for State-supported Colleges - Upon recommendation from the Executive Committee it was voted to approve the final operating budgets (including State* Federal* and Income Funds* and also including the May 1 and September 1 salary adjustments from State Funds) for the state-supported units of the University for the fiscal year which began April 1 * 1961* as follows: Board 10/13--14/61 4149 Adjusted Budget 1960-61____ 1961-62 Increase Operating Budgets: College of Agriculture $12,823,370 $14,052,303 $1,228,933 College of Home Economics 2,484,752 2,750,832 266,080 Geneva Experiment Station 1*793,777 2 ,029,663 235*886 Veterinary College 1*775*559 1,968,014 222,455 School of Industrial and Labor Relations 1,605,064 2 ,091,012 485*948 General Services 1 *876,559 2,033,664 157*105 Total Operating Budgets $22,329,081 $24,925*488 $2,596*407 1962-63 Budget Requests for State-supported Colleges - Vice Chairman Donlon reported that the Executive Committee had approved and recommended to the State Univer sity Board of Trustees for further action requested state appropriations for the support of the four state-supported colleges and schools at the University for the fiscal year commencing April 1 , 1962, in the total amount of $18,265,615. e. Table of Needs for Centennial Campaign - Vice Chairman Donlon reported that, in accordance with authority granted by the Board of Trustees at the June meeting, the Ex ecutive Committee had adopted a Table of Needs for the forth coming Centennial campaign as prepared and recommended by the Centennial Planning Committee, in the total amount of $69*085*000. An itemization of this Table of Needs is at tached to these minutes as Appendix I. f . Land Appropriated by State for Route 13 Bypass ■ Upon recommendation from the Executive Committee it was voted to adopt the resolution set forth below, to facilitate the transfer of land from the University to the State of New York to provide the necessary right-of-way for Route 13 bypass coming into Ithaca from the east: RESOLVED, that because of the value to the University of having the new or alternative State Route #13 directed away from the Laboratory of Ornithology and through the Research Park area the Board of Trustees approves, ratifies and confirms an agreement of adjustment for $1 .00, payment waived, with the People of the State of New York represented by and through the Superintendent of Public Works in connection with appropriation of rights of way for "Ithaca-Etna, State Highway No. ---, Tompkins County, Map No. 38, Parcel Nos. 56, 57* 58, 59* 60, 75* 93* and.Map No. 36, Parcel Nos. 50, 51, 52, 53, 54. The Board authorizes the Vice President-Business to approve and exe cute such agreement of adjustment for and on be- 4150 10/13-lV6! Board half of the University, and on behalf of the University to execute and deliver to the People of the State of New York or the Attorney General acting therefor any and all releases, vouchers, or other instruments relating to the above re cited appropriations of land which may be re quired by the terms of such agreement, g* Proposal to Construct 3-BEV Electron Synchro tron - Vice Chairman Donlon reported that the Committee had authorized the Administration to submit to the Office of Naval Research a proposal for the construction of a 3 -BEV (billion electron volt) electron synchrotron and associated buildings at the Laboratory of Nuclear Studies, on the basis of 100 per cent financing by ONR funds - the project to be subject to further Trustee approval before proceeding. Querent Budget Report for the Fiscal Year 1961-62 to Date - Budget Director McKeegan reviewed the cur rent budget report to October 12, 1961, showing the estimated current budget deficit of the Endowed Colleges at Ithaca of $622,835 and a current budget deficit for the Medical College at New York of $49,4-30. i „ Hasbrouck Apartments Laundry Building - Vice Chairman Donlon reported that the Executive Committee had authorized the Administration to award a contract for the construction of a laundry building at Hasbrouck Apartments to the William C. Pahl Construction Co0 In the amount of $143,000. The Committee also approved a project budget in the amount of $153,000, within funds already available through Dormitory Authority financing. j. Construction of 3-MEV Dynamitron Accelerator - Vice Chairman Donlon reported that the Executive Committee had authorized the Administration to develop architectural plans and make engineering studies for an annex to the Nu clear Reactor Laboratory to house a 3-MEV (million electron volt) Dynamitron accelerator, and had appropriated $10,000 from the Engineering Development Fund to finance such ar chitectural and engineering studies,, The additional con struction Is estimated to cost $85,000, of which sum $30,000 would be financed from existing Atomic Energy Commission contracts. k. State Guarantee of Dormitory Authority Bonds - Upon recommendation from the Executive Committee it was voted to adopt the following resolutions RESOLVED that the Board of Trustees of Cornell University expresses Its support of the proposed amendment to the New York State Constitution (proposition Number Six on the November 7, 1961 Board 10/13-14/61 4151 ballot) which would permit the state to guarantee the bonds of the State Dormitory Authority and thereby aid higher education by reducing interest charges payable by the educational institutions. !• Irving M. Ives Hall - Upon recommendation from the Executive Committee it was voted to name the new structure of the New York State School of Industrial and Labor Relations the Irving M. Ives Hall, honoring Mr. Ives as a principal sponsor of the legislation establishing the School and as the School’s first Dean. 11. PRESIDENTIAL SELECTION: Trustee Severinghaus pre sented a report delineating a structure of procedures to be followed in connection with the selection of a new President for the University. The report was received as submitted, and a copy thereof is appended to these minutes as Appendix II. Appreciation was expressed to Trustees Severing haus, Scheetz, and Littlewood for their devotion and dili gence in preparing this report, and reviewing it with Trustees and appropriate representatives of Alumni and Faculty groups. 12. DEAN OF THE UNIVERSITY FACULTY: Upon nomination by the President, it was voted to elect Thomas W 0 Mackesey, Professor of Regional Planning in the College of Architecture, to the office of Dean of the University Faculty for a term ending June 30, 1966. The meeting was recessed at 4:30 p.m., to be re convened on Saturday, October 14, at 9;00 a.m. Saturday Morning Session The second business session of the Board of Trus tees was called to order by Acting Chairman Cisler at 9 :00 a.m. on October 14, 1961, in the Board Room, Edmund Ezra Day Hall. PRESENT: Acting 'Chairman Cisler, Trustees Malott, Wickham, Catherwood, Milliman, Peer, Columbus, Donlon, Grumman, Hollister, Johnson, Kiplinger, Levis, Littlewood, Luckey, Mackay* Martinez, Newbury, Jansen Noyes, Spencer T. Olin, 4152 10/13-14/61 Board Personius, Purcell, Rhodes, Rogers, Scheetz, Schlesinger, Severinghaus, Syme, Wimsatt, and Wright. Provost Atwood, Vice Presidents Burton and Summerskill, Treasurer Durland, Controller Peterson, Budget Director McKeegan, Counsel Meigs, and Secretary Stamp. ABSENT: Trustees Rockefeller, Wilson, Carlino, Allen, McHugh, Collyer, Dean, Flanigan, Hanover, Hollander, Knight, Mitchell, John M. Olin, Sullivan, Tuttle, Widger, and Wood. 13. DEANE WALDO MALOTT HALL: Upon recommendation from the Executive Committee (and with President Malott being ab sent from the meeting) it was voted to name the proposed new building for the Graduate School of Business and Public Ad ministration Deane Waldo Malott Hall in honor of President Malott. It was voted further that announcement of this ac tion be deferred until President Malott’s retirement on June 30, 1963, but that principal donors to the building be ad vised of the action at this time. 14. ANNUAL TREASURER’S REPORT: Treasurer Durland pre sented his annual report to the Board of Trustees in the form of a series of charts depicting various aspects of the University’s fiscal operations. The Treasurer’s presentation generated a spirited discussion. The point was made that there is a considerable probability that the University’s financial statement will be given some widespread publicity in the course of the forth coming capital funds campaign, and that it is most important that the financial statement be presented in a manner which will be most informative to laymen and particularly to pros pective donors. Likewise it is important that successive presentations of the financial statement be consistent as to form. The point was made also that it would be desirable to prepare comparable statements showing the budgetary opera tion of the Endowed Colleges only, statements covering opera tions of all academic units including the state-supported colleges, and finally statements showing the consolidation of the University’s total effort including wholly-owned sub sidiary corporations. The Treasurer was instructed to prepare another analysis of the University’s fiscal operations for presenta tion to the January meeting of the Board of Trustees in the Board 10/13-lV61 ^ 5 3 light of the foregoing comments and after consultation with the Executive Committee. 15. CORNELL FUND PROGRAM: Trustee Newbury, in his ca pacity as Chairman of the Cornell Fund, spoke briefly con cerning the present status of'* the Cornell Fund program and measures being taken to improve the effectiveness of this program. He appealed to the Trustees to lend all possible assistance both as a group and as individuals in their re spective communities. 16. DEATHS AND RESIGNATIONS REPORTED FOR INFORMATION: a . Deaths EDGAR HARPER WOOD, Professor of Mechanical Engineering, Emeritus, May 11, 1961. ROBERT So HOLMES, Professor of Finance, June 5* 1961. Dr. SOL S. LICHTMAN, Assistant Professor of Clinical Medicine, Cornell University Medical College, June 15, 1961. b. Resignations ROBERT W. DOUGHERTY, Professor of Veteri nary Physiology, August 31* 1961. JEFFREY HARWOOD FRYER, Associate Profes sor, Graduate School of Nutrition, June 30, 19^1. JOSEPH H. GANS, Professor of Physiology, New York State Veterinary College, August 31* 1961. JOSEPH E # HAMPTON, Associate Professor of Accounting, Graduate School of Business and Public Admin istration, June 29* 1961. C. ARNOLD HANSON, Professor of Industrial and Labor Relations, August 31* 1961. MARK KAC, Professor of Mathematics, June 29, 1961. MORLEY R. KARE, Professor of Physiological Chemistry, November 1, 1961. HARRY POLLARD, Professor of Mathematics, June 29, 1961. 4154 10/13-14/61 Board HUGH NICHOLSON POWELL, Associate Professor of Mechanical Engineering, June 30, 1961. HOWARD A. SCHNEIDERMAN, Associate Profes sor of Zoology, June 30* 1961. MARCUS Jo SINGER, Professor of Zoology, June 30, 1961. MURRAY A. STRAUS, Associate Professor of Child Development and Family Relationships, August 31* 19^1. MARC SZEFTEL, Professor of Russian History, June 29, 1961. c. Retirement ELTON K. HANKS, Professor in Extension Service, College of Agriculture, August 31* 1961. 17. RETIREMENTS AND APPOINTMENTS AS PROFESSORS EMERITUS: Upon nomination by the President, the following persons were retired and awarded Emeritus status on the dates indicated: M, L* NICHOLS, Professor of Chemistry, as of January 31* 1962. KARL HERMANN FERNOW, Professor of Plant Pathology, as of July 1 , 1961. 18. ELECTION BY BALLOT TO TENURE POSITIONS: The fol lowing named persons were elected by ballot and with indefi nite tenure to the positions specified in the respective colleges and schools: a. Graduate School of Aeronautical Engineering SHAN-FU SHEN was elected Professor, effective July 1 , 1961. b. College of Arts and Sciences JAMES R # McCONKEY was elected Associate Professor of English, effective July 1 , 1961. c • College of Engineering • JOHN P„ HOWE was elected Professor of Engineering, effective September 1 , 1961. Board 10/13-14/61 4155 d. College of Home Economics MARY E. PURCHASE was elected Associate Professor of Household Economics and Management, effective September 1 , 1961. e . New York State Veterinary College ROBERT HAROLD WASSERMAN was elected Associate Professor of Radiation Biology, effective October 1, 1961. ADJOURNMENT: Upon motion the meeting was adjourned at 10:30 a.m. Neal R. Stamp Secretary 4156 10/13-14/61 Board APPENDIX I TABLE OP NEEDS 1 . For Excellence in Cornell Education a. Facilities: Architecture $ 170,000 Arts and Sciences 4,800,000 Engineering 1,500,000 (Gross)* Law 615,000 Central Libraries 1,900,000 (Gross)* ______$ 8, 985,000 b. Faculty salary support: Endowed Chairs 15,000,000 (30 at $500,000) (Gross)* Graduate Teaching 7,000,000 Fellowships (140 at $50,000)______22,000,000 c. Endowed Book Funds 3 ,250,000 d. Faculty Research 1 ,000,000 Funds $35,235,000 2. Areas of New Distinction a. Society for the Hu 2 ,500,000 manities at Cornell b. Center for Inter 1 ,000,000 national Studies c. Physics and Materials 8,000,000 Science Center (Gross)* d. School of Education 2 ,500,000 e. Studies in Biological 1 ,000,000 Sciences 15,000,000 Board 10/13-14/61 4157 3. Campus Life a. Housing: Living and Dining 2,500,000 Facilities (immediate need, net) Living and Dining 1,000,000 Facilities (second phase, net) ______3 ,500,000 b. Student Services: Freshman Center 1,500,000 Graduate Center 350,000 Willard Straight 1,000,000 Hall Cornell United 1,250,000 Religious Work Physical Education 2,000,000 and Athletics ______6,100,000 9,600,000 4. Student Aid a. Undergraduate 2,050,000 Scholarships b. Graduate 2,000,000 Fellowships (Gross)* c. Loan Funds (Gross)* 1,200,000 5,250,000 5. Expendable Funds 4,000,000 Total Needs $69,085,000 *These figures include the following foundation, individual and government grants, some parts of which require matching by Cornell. Ford Foundation Grant for Engineering: a. Endowed Chairs $ 2,200,000 b. Loan Funds for 250,000 Graduate Students c. Fellowships 500,000 d. Nuclear Reactor 750,000 $ 3,700,000 a.r.p.a: 4 ,000,000 Total Funds Committed ______$ 7,700,000 Net Total Needs $6l,385,000 4158 10/13-14/61 Board APPENDIX II A REPORT FROM THE EXECUTIVE COMMITTEE TO THE TRUSTEES OF CORNELL UNIV'ERSlW October 13/ 19^1 SUBJECT: Procedures for the selection of a new president of the University. AUTHORIZATION On June 12, 1961, the Board of Trustees directed the Executive Committee "to proceed forthwith to take steps necessary...... to bring before the Board, after advising with Trustees and those of the faculty and alumni and other con cerned groups who might wish to offer suggestions, a recom mendation for the election of a new president." Pursuant to that directive, the Executive Committee has adopted the following procedures in order to develop a rec- commendation for the election of a new president. I, SOURCE OF NOMINATIONS Four categories shall comprise the sources from which nominations will originate: 1 . Trustees of the University 2 . Faculty of the University 3. Alumni of the University 4. Selected consultants and other individuals Nominations for the office of president of the Univer sity are to be invited from these four categories. Thus the invitee may be either an individual or a group. II. NOMINATION FORMS To provide uniformity in the submission and evaluation of nominees, the Executive Committee has approved two forms: 1 . The Submission Form 2 . The Qualifications Report The Submission Form is the shorter and is designed for the use of invitees who may have neither the time nor the necessary information to complete the longer Qualifications Report. Whereas nominations may be made directly on the Qualifi- cations Report by the invitee (thus by-passing the shorter Submission Form), the Executive Committee anticipates that some nominations will be received on the Submission Form. In Board 10/13-14/61 4159 that event, the completion of the longer Qualifications Re port will require the subsequent assembling of the more de- tailed information from sources other than the invitee. Eventually a Qualifications Report must be completed for every nominee who is to receive serious consideration. III. PROCEDURES FOR INVITEES A. TRUSTEE NOMINATIONS Trustees of the University are invited on an individual basis to make nominations. Submission Forms will be mailed to each Trustee. If, however^ a Trustee wishes the longer Qualifications Report, it will be sent upon request. The Form or the Report, whichever is used, shall be submitted to the Executive Committee not later than December 15, 1961. (See footnote on last page) B, FACULTY NOMINATIONS The Faculty Council, at the request of, and following a conference with, representatives of the Executive Committee has agreed to establish a Faculty Council Committee. This Committee shall be chosen by the Faculty Council and shall be limited to five members, one of whom shall represent, and be chosen by, the Medical College Faculty. 1. Faculty Nominations of Persons Now Associated With the University Such nominations may be made either by individual faculty members or by groups of faculty members who wish to combine sponsorship. In either case, the Submission Form or the Qual ifications Report (whichever is used by the invitee) shall be submitted to the Faculty Council Committee, not to the Executive Committee. Any such nominations which may be received directly by the Executive Committee will be re-directed to the Faculty Council Committee for processing. 2. Faculty Nominations of Persons Not Now Associated With the University Such nominationsmay be made by individual members of the Faculty or by groups of faculty members who wish to combine sponsorship, either to the Faculty Council Committee or directly to the Executive Committee accord ing to the wishes of the faculty members or groups of faculty members. Such nominations may be made either on the Submission Form or the Qualifications Report. It shall be the responsibility of the Faculty Council Committee, in consultation with the Faculty Council, to over- 4l6o 10/13-14/61 Board see the proper completion of all Qualifications Reports con cerning nominees directed to its attention by faculty members, groups of faculty, or the Executive Committee before such re ports are submitted to the Executive Committee. All nominations received by the Faculty Council Commit tee and not receiving the support of the Faculty Council for serious consideration, are nevertheless to be submitted to the Executive Committee for purposes of information and record. The Faculty Council and the Faculty Council Committee shall make their own "ground rules" with respect to this se lective process. C. ALUMNI NOMINATIONS 'The Executive Committee, following a conference of its representatives with representatives of the University Coun cil and of the Alumni Association, has arranged for the es tablishment of an Alumni Committee on Presidential Selection through the cooperation of these two organizations. This Committee shall function in a manner similar to that of the Faculty Council Committee described herein above and shall have as members the Chairman of the University Council, the President of the Alumni Association, and not more than seven additional alumni members, one or more of whom may be Alumni Trustees. This committee, like the Faculty Council Committee, shall have the responsibility of passing on to the Executive Committee the completed Qualification Reports recommended for serious consideration. All other nominations not so recom mended shall be submitted for purposes of information and record. The Alumni Committee shall make its own "ground rules" with respect to this selective process. The variety of general or specialized alumni groups out side the University Council and the Alumni Association should avail themselves of the services of the Alumni Committee in submitting nominations. D. NOMINATIONS FROM SELECTED CONSULTANTS AND OTHER INDIVIDUALS (1) Invitations shall be sent by the Executive Committee to selected educators and others in a position to comprehend Cornell's needs and to identify qualified persons. These shall be personalized letters, to be followed by personal interviews when appropriate. Nominations from such invitees shall be received directly by the Executive Committee. (2) Nominations may be referred by the Executive Com mittee, when appropriate, to the Alumni Committee or the Board 10/13-14/61 4l6l Faculty Council Committee. Otherwise, responsibility for processing such nominations shall be that of the Executive Committee. ****** The purpose of the foregoing procedures is to provide orderly means for the receipt and preliminary screening of nominees. The Executive Committee recognizes, however, the need for further consultation with the two committees named above when the preliminary screening has been completed. ****** The Executive Committee asks for the submission of nominations by December 15, 1961, but does not wish to ex clude Mlate discoveries" by this recommendation. (See footnote below) GENERAL INFORMATION Invitees will be asked to work quietly and not to engage in general polling of groups. Since the channels of com munication will be a matter of public knowledge, all inter ested individuals and groups may act upon their own initia tive with assurance that their nominations will receive proper consideration. ****** The Executive Committee proposes to release a statement of these presidential selection procedures to the total Cornell constituency, as soon as committee memberships and communication details are known. Such publicity will eliminate confusion by revealing the channels by which any interested individual or group can submit nominations for the presidency of Cornell University. ****** FOOTNOTE: The Executive Committee knowing that certain nominations are now ready for submission has used the relatively early date of December 15 to encourage prompt submission of nomina tions . This will expedite the work of the screening com mittees . 4163 CORNELL UNIVERSITY PROCEEDINGS OP THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE Meeting held Saturday, November 18, 1961, 9:30 a.m., Board Room, Edmund Ezra Day Hall, Ithaca, New York PRESENT: Chairman Cisler, Trustees Donlon, Littlewood, Malott (at 11:30 a.m.), Scheetz, Severing- haus, and Syme. Provost Atwood, Vice Presidents Burton and Zwingle, Treasurer Durland, Controller Peterson, Budget Director McKeegan, Counsel Meigs, and Secretary Stamp. ABSENT: Trustees Dean and Levis. 1. APPROVAL OF MINUTES: Voted to approve the minutes of the Executive Committee meeting held October 12, 1961, as previously distributed. 2. APPROPRIATION FOR GAS CYLINDER RENTAL: Voted to appropriate $5,000 from General Stores Reserve to finance further rental contracts for gas storage cylinders. 3. APPROVAL OF BUDGET AND APPROPRIATION FOR CENTENNIAL CAMPAIGN: Voted to approve a budget for Centennial Campaign expense for the six-month period January 1 through June 30, 1962, in the total amount of $200,000 as presented at the meeting. Voted further to appropriate $200,000 as an addi tional advance from current fund balances to cover the ex penses of the Centennial Campaign for the period January 1 through June 30, 1962 - subject to reimbursement as a first lien against unrestricted gifts received during the campaign. 4. CURRENT BUDGET REPORT FOR THE YEAR 1961-62 TO DATE: Budget Director McKeegan presented a budget report (unre- 4i64 11/ 18/61 Ex. Com. strlcted funds only) for the current fiscal year to date, set ting forth the regular November revisions in estimates of in come and expense. As amended at the meeting, the budget re port is as follows: a. Endowed Colleges at Ithaca Original Budget: Estimated Income $16,985,000 Estimated Expense 17j543,335 Estimated Deficit 558,335 Additional Appropriations: Previously Reported 64,500 Net Change in Income over Original Estimate: Tuition and Fees 225,000 Endowment Income 125,000 Research Recoveries 200,000 Current Fund Income -100,000 450,000 Appropriations Lapsed ll/l/6l 100,000 550,000 ____ 485,500 Current Academic Budget Deficit to Date $ 72,835 ******************************* b. Medical College at New York Original Budget: Estimated Income $ 2,506,378 Estimated Expense 2 ,555,808 Estimated Deficit "$ 49,430 Net Decrease in Income over Original E s t i ma t e : New York Hospital Portion of Salaries -12,000 Appropriations Lapsed ll/l/6l 56,000 _____ 44,000 Current Academic Budget Deficit to Date $ 5,430 ******************************* c * Position of University 1s General Reserve (Funded) as of November l8, 1961 Total of Reserve $1,307,403.13 ******************************* Ex. Com. 11/ 18/61 4165 d. Position of Unrestricted Gifts as of October 31, 1951 1. Estimated Net Unrestricted Gifts in Academic Budget $ 971,466 2. Appropriations for Expenses in Academic Budget: University Development 247,994 Alumni Secretary 106,940 University Council 8,600 363,534 3. Revised Estimated Gross Unrestricted Gifts 1,335,000 4. Gifts Applicable to Line 3; Alumni Annual Giving 44^234 Parents Program 9,818 Corporate Program 125,294 Miscellaneous 35,350 214,696 5. Balance Needed to Equal Estimated Income $1,120,304 ******************************** Balance Receipts Original Receipts Needed Last Year Goal to to Reach to Date 1961-62 10/31/61 Goal $ 56,199 Alumni Annual Giving $ 850,000 $ 44,234 $ 805,766 7,388 Parents Program 35,000 9,8l8 25,182 141,123 Corporate Program 425,000 125,294 299,706 12,500 Miscellaneous 25,000 35,350 - 10,350 $217,210 Total $1,335,000 $214,696 $1,120,304 ******************************** e • Position of Fund for Development of the University as of October 31, 1961 1 . Uncommitted Balance - previously reported $ 6 ,608.96 2 . Proposed Additions: Maury Hill Estate 1,000.00 G. W. Bacon Estate l,082.6l 2,082.6l 3. Balance in Fund - Uncommitted $ 8,691.57 ******************************** 4l66 11/ 18/61 Ex. Com. Voted to instruct the Administration to designate deficit figures on future budget reports by use of paren theses or other means so as to make them more easily recog nizable as such. 5 . REPORT ON CURRENT FUND ADVANCES: Voted to instruct the Administration to make a report concerning advances from current fund balances as a regular item of business at each Executive Committee meeting. Voted further to consider at the next meeting the form and content of such report. 6 . RESIDENTIAL HALLS BUDGET REVISION: Voted to revise the 1961-62 budget for the Department of Residential Halls so as to increase estimated income by $189,600 (to $5 ,271,650), increase estimated expenses by $190,837 (to $5,263,451), leaving an estimated surplus for the year of $8,199- This budget revision reflects changes in estimated income and ex pense based upon actual student occupancy of dormitory facilities for the current year. 7. GRADUATE ASSISTANT SALARY INCREASES: Voted to authorize the President to announce new salary levels for graduate assistants for the academic year 1962-63 and to negotiate such salaries within a total amount to be computed by allocating $70,000 in excess of present budget levels as salary increases for graduate assistantships. Voted further to recommend to the Board of Trustees that the sum of $70,000 be added in 1962-63 to the presently budget figure for graduate assistant salaries to provide an increase in such salaries to the average level of $2,000 in the College of Engineering and certain science departments of the College of Arts and Sciences, and to permit appropriate adjustments in other areas of instruction. 8 . 1962-63 BUDGET POLICIES: A memorandum was received from Budget Director McKeegan setting forth current budgetary developments and raising several questions with respect to the preparation of the 1962-63 budget for the Endowed Colleges at Ithaca. 9. ROOM AND BOARD RATE INCREASES: Voted to increase room rates in University dormitories and food rates in Campus dining facilities, effecive at the close of the 1961-62 academic year as follows: a. Room and board for undergraduate women increased from $990 to $1,085 per year; Ex. Com. 11/18/61 4167 b. Men's dormitory and graduate dormitory room rates increased from a range of $345-$390 to $380-$430; c. Dormitory room rates for non-students (e.g.. for alumni reunions and confer ences) increased to a flat daily rate of $5.00 per person for single rooms,, and $3.50 per person for double rooms. 10• DORMITORY AUTHORITY LOAN: It was noted that the voters of New York State at the November election did not adopt the constitutional amendment which would have placed the State’s guarantee behind Dormitory Authority bonds and made possible a lower interest rate on bonds issued in sup port of the University’s Dormitory Authority loan. Treasurer Durland was requested to report at the December meeting of the Executive Committee with respect to the relative advantages of continued temporary financing of the University’s Dormitory Authority loan versus permanent financing thereof under current market conditions. 11. CHARLES A. ALEXANDER SCHOLARSHIP FUND: Voted to establish an unrestricted bequest under the will of Charles A. Alexander (Class of 1897) in the amount of $20,000 as the Charles A. Alexander Scholarship Fund (classified A-1,3), with income therefrom to be available for award as scholar ships to students entering the University from Newfield Union School or its successor, at Newfield, New York, provided that such scholarships shall be available to students entering the University from Ithaca High School in the event that Newfield Union School or any successor shall cease to exist, or in the event that no qualified application shall be received from a student at the Newfield school in any given year. 12. CORNELL UNIVERSITY GLEE, BANJO AND MANDOLIN CLUBS, INC., FUND: Voted to establish a gift from the Cornell Uni versity Glee, Banjo and Mandolin Clubs, Inc.. in the amount of $10,000 as a capital fund (classified C-3) in the name of that organization, with the income therefrom to be used for purposes of the University Glee Club; provided, however, that if in the future such Glee Club shall cease to function (or shall become unnecessary or not for the best interests of the University, as determined by its Board of Trustees), said Board may use the principal of the Fund in whole or in part and/or the income therefrom for such University purposes as the Board shall determine to be in the best interest of the University from time to time. 4168 11/18/61 Ex. Com. 1 3 . UNIVERSITY FINANCIAL REPORTS: Voted to defer to the December meeting discussion of the form and content of reports on the University's financial operations. 14. FORD FOUNDATION ENGINEERING GRANTS: Voted that $3 ,600,000 out of the total Ford Foundation Engineering Grant of $4 ,350,000 be divided into five funds, to be classified and described as follows: a. Ford Foundation Engineering Professorship Fund - That the entire $2,200,000 granted for professorships be cap italized for the production of income, with such income to be used for salaries, standard fringe benefits, and other expens es directly related to the professorial activities of not more than eleven selected senior professorships in the College of Engineering. Withdrawals from the principal of this fund at the rate of $200,000 per position may be made for the purpose of permanently endowing individual senior professorships on a similar basis whenever the University may make available ad ditional matching funds in the amount of $300,000 per profes sorship . If after three years from the date of grant all eleven such senior professorships (including five new senior positions, five existing senior positions, and one visiting professorship) have not been permanently endowed at $500,000 each the University shall be obligated to invade that portion of the principal not theretofore used for endowment of such professorships to support the remaining professorships not so endowed. To be classified "C-3 ". k • Ford Foundation Engineering Loan Fund - $250,000 to be used over an indefinite period for forgivable loans to students pursuing doctoral studies and motivated toward en gineering teaching. Loans will be forgivable at the rate of $600 per year as long as the recipient remains in academic work after completion of his graduate education. If he does not, the loan is to be repaid to the University at the rate of $600 per year following graduation. Classified "C". c. Ford Foundation Engineering Fellowship Fund - $500,000 to be used over a five-year period for predoctoral fellowships. Classified "C". d. Ford Foundation Engineering Faculty Released Time Fund - $300,000 to be used over a ten-year period for support of released time during the academic year and summer employment of faculty in jobs that will increase their capacities as teachers. Classified "C". Ex. Com. 11/18/61 4169 a -,™ j.6 ', Foundation Engineering Dean's Fund - $350,000 to be used over a ten-year period for other expendi tures which in the judgment of the Dean of the College of Engineering will best improve the advanced graduate teaching capacity of the faculty. Classified "C". ^IA,was noted that the remaining $750,000 of the total grant of $4,350,000 is to be used toward cost of con struction of the Nuclear Reactor facility, the Space Research Center addition to the Physics Building, and renovation of the High Voltage Laboratory, with payment of this portion of the grant to be made prior to September 1 , 1962, subject to receipt of specified matching funds. g. The Administration was requested to bring be fore the Committee recommendations with respect to interest rates to be credited to the various funds herein established, and rates of expenditure with respect to those funds which are expendable. 15. GIVEN FOUNDATION QIFT PROPOSAL: a. Voted to authorize the proper officers of the University to address a letter to the trustees of the Irene Heinz Given and John LaPorte Given Foundation, Inc., accept ing the terms of a gift whereby the Given Foundation would contribute a total of $1 ,000,000 to Cornell University (a copy of which letter is attached to these minutes as Appendix A). b. Voted to allocate the first $300,000 in cash to be derived from the original gift and liquidation of Heinz Company stock to the Given Foundation Professorship in En gineering - to which professorship $200,000 will be allocated from the Ford Foundation Engineering Professorship Fund. This priority allocation was made to assure com pliance with the three-year limitation on procurement of matching funds for the permanent endowment of engineering professorships, as imposed by the Ford grant. c. Voted to allocate cash proceeds from the fur ther liquidation of Heinz Company stock among the remaining two funds to be established pursuant to the terms of gift and to allocate income from the total gift, both in such manner as the Executive Committee may determine on recommendation from the Administration. d. Voted to authorize the fiscal officers of the University to set up the Given Foundation gift on the Univer sity’s books in accordance with this action. 4170 11/18/61 Ex. Com. 16. BOARD MEETING DATE IN AUTUMN OP 1962: Voted to hold the regular autumn meeting of the Board of Trustees in 1962 at Ithaca on Friday and Saturday, October 5 and 6 , con currently with the regular annual meeting of the Cornell University Council, with any joint meetings between the two groups to be subject to later approval by the Executive Com mittee upon recommendation of the President. 1 7 . MARCH EXECUTIVE COMMITTEE MEETING: Voted to hold the March meeting of the Executive Committee at Detroit, Michigan, on Friday, March l6 , at 3:00 p.m., in connection with the Detroit regional meeting of the Cornell University Council, replacing the previously scheduled meeting which was to have been held in New York City on March l6 at 9 :30 a.m. 18. GROUP HOUSING PLAN ANTI-DISCRIMINATION CLAUSE: Voted to authorize the Administration to ascertain that a fraternity participating in the Group Housing Plan is in com pliance with the anti-discrimination provisions of the Plan by obtaining a letter from the local undergraduate chapter and from a representative of the fraternity's national head quarters to the effect that: (l) the fraternity has no pro vision in its charter, bylaws or other controlling provisions, at the local or national level, written or unwritten, which results in discrimination against membership on the basis of race, religion or color, and (2 ) the local Cornell chapter in fact does not engage in any practice which results in such discrimination against membership on the basis of race, re ligion or color. 19. REPORTS AND RECOMMENDATIONS FROM BUILDINGS AND PROPERTIES COMMITTEE: Reports and recommendations were re ceived from the meeting of the Buildings and Properties Com mittee held October 12, 1961, upon which actions were taken as indicated: a. George Jessup Road - Voted to name the new high way between Triphammer Road and Pleasant Grove Road just north of Mary Donlon Dormitory In honor of Mr. George Jessup (M.E. 1908), who retired in 1952 from a long and distinguished career as construction engineer and consultant on hydro-elec- tric projects in the United States and Canada, returning to the Campus to serve the University as project engineer on numerous construction projects from that time until his death, in September 1961. b. Central Chilled Water Plant - Voted to author ize the Administration to develop plans for a central chilled water plant to utilize water directly from Beebe Lake in lieu Ex. Com. 11/ 18/61 4171 of cooling towers and decentralized air conditioning systems. It was noted that the project is needed primarily because of the Physical Science Center, and that advanced planning funds are available from that source. c * Proposed Site for Campus Store - Voted to refer back to the Buildingsand Properties Committee for further study the matter of selecting a site for the proposed new Cam pus Store, with the request that special attention be given to a possible site east of Olin Hall of Chemical Engineering. d. Hughes Hall Construction Bids - Voted to author ize the Administration to put the Hughes Hall construction project out for bids on the basis of final plans as approved by the Chairman of the Executive Committee, the Chairman of the Buildings and Properties Committee, and the President of the University. The President advised the Committee of the desira bility of obtaining such construction bids with the conse quent fixation of construction costs as an essential prelude to completing the financing for this project. e . Proposed Sale of Geology Camp at Spruce Creek - Voted to authorize the Administration to sell the Univer sity's geology camp located at Spruce Creek, Pennsylvania. f • Perini Corporation Contract Claim - Voted to authorize the Administration to negotiate with the Perini Corporation on its own behalf and on behalf of a principal subcontractor, E. J. Eckert Company, to settle a contract dispute in the total amount of $43,28l in connection with the Olin Research Library construction project, with the under standing that any proposed settlement must close out the claims of both the general contractor and its subcontractor. The Administration was instructed to report back to the Com mittee at its next meeting concerning its negotiations. 20. PROFESSOR PETER J. W 0 DEBYE: Voted to appoint PETER J. W. DEBYE as Professor of Chemistry in the Department of Chemistry, College.of Arts and Sciences, for a period of three years, effective November 1, 1961. 21. ASSOCIATE PROFESSOR BRUCE WIXSON CALNEK: Voted to appoint BRUCE WIXSON CALNEK as Associate Professor of Poultry Diseases in the New York State Veterinary College for a term of three years, effective September 18, 1961. 22. UNIVERSITY AUDITOR: Voted to appoint Leo F. 4172 11/ 18/61 Ex. Com Collins to be University Auditor, effective immediately, re placing Mr. Fred J. O'Connell, who resigned. 23. ROGER C. HYATT ESTATE: Voted to authorize the Ad ministration to retain local counsel in Florida to take steps to safeguard the University’s interest in the estate of Mr-. Roger C. Hyatt (Class of 1913)* 24. PRESIDENTIAL SELECTION: a. The Administration was instructed to distribute printed copies of Trustee Severinghaus’ paper entitled MChang ing Times and Cornell’s Presidency" to members of the Board of Trustees, to deans and principal department heads among the Faculty, to members of the Cornell University Council, and to officers of the respective alumni organizations. b. The Subcommittee on Presidential Selection was requested to render a full report to the Executive Committee at the December meeting, with respect to (l) the list of nominees received to date and (2 ) the list of consultants. ADJOURNMENT: On motion the meeting adjourned at 6:00 p.m. Neal R. Stamp Secretary Ex. Com. 11/ 18/61 4173 APPENDIX A The Given Foundation Trustees 1001 Farmers Bank Building Pittsburgh 22, Pennsylvania Gentlemen: The Cornell University trustees have learned with great pleasure that the Given Foundation is prepared to contribute a total of $1 million to Cornell University subject to the following restrictions in the use of the funds and in the management of the securities to be contributed which will represent most of the contribution. 1. It is understood that the gift will consist prin cipally of shares of common stock of the H. J. Heinz Company, the value to be determined on the day of transfer; and suf ficient cash to make up the difference between the value of the stock at the time of transfer and the million-dollar figure (any overage to be returned by the University). 2 . It is further understood that Cornell University will not sell more than ten per cent of these securities in any fiscal year; further that this limitation of ten per cent is absolute, that is, not adjustable between years. 3. It is understood that $500,000 of the gift will be applied to a professorship in the field of the Humanities to be known as "The Given Foundation Professorship in the Human ities, established in memory of John LaPorte Given, Class of 1896.* 4. It is understood and agreed that $300,000 of this gift will be used to establish a professorship in Engineering ($200,000 to be added from the grant of the Ford Foundation for this purpose); and that the position will be known as "The Given Foundation Professorship in Engineering, established in memory of John LaPorte Given, Class of 1896- 5. It is understood that $200,000 of the amount will be used to establish a book-fund endowment for the use of the Cornell University Libraries; and that the books purchased from the income will carry appropriate book plates indicating that the books were "Purchased through the Given Foundation book fund established in memory of John LaPorte Given, Class of 1896." 6 . It is understood that no publicity will be released concerning this gift until this letter of understanding has been approved and accepted by the trustees of the Given Foundation and approved and authorized by the Executive Com 4174 11/ 18/61 Ex. Com. mittee of the Board of Trustees of Cornell University, the news releases to be approved by the Foundation. 7 . The University will report annually to the trustees of the Given Foundation concerning the operation of the en dowments as listed above. 4175 CORNELL UNIVERSITY PROCEEDINGS OP THE BOARD OP TRUSTEES EXECUTIVE COMMITTEE Meeting held Friday, December 15, 1961, 9*30 a.m., Faculty Room, Cornell University Med ical College, New York City PRESENT: Chairman Cisler, Trustees Dean, Donlon, Levis, Littlewood, Malott, Scheetz, Severinghaus, and Syme. By invitation, Trustee Noyes and Trustee Emeritus Upson. Provost Atwood, Vice Presidents Burton, Summer- skill, and Zwingle, Treasurer Durland, Controller Peterson, and Secretary Stamp. Chairman Cisler called the meeting to order in ex ecutive session at 9:30 a.m. The following action from the executive session was reported to the Secretary for the rec ord: A. PROPERTY ACQUISITION AT MEDICAL COLLEGE: It was the consensus of the Committee that the property acquisition pro gram at the Medical College should be continued with regard to certain desirable properties and the Administration was authorized to proceed with the program with the advice of Trustee Dean. The meeting was reconvened in regular session at 11:15 a.m. 4176 12/ 15/61 Ex. Com. 1. APPROVAL OF MINUTES2 Voted to approve the minutes of the Executive Committee meeting held November 18, 1961, as previously distributed, after making changes in language at items 5 and 14 respectively. 2. APPROPRIATION FOR INSTRUCTIONAL AND LIBRARY EQUIP MENTS Voted to appropriate $150,000 from 1961-62 current in come to provide funds for the purchase of equipment and books in the instructional divisions and the Library, to be allocat ed by the President, with subsequent report of such allocation being made to the Executive Committee. 3. APPROPRIATION FOR MACHINE RECORDS DIVISION: Voted to appropriate $12,000 from 1961-62 current income to meet the initial costs of establishing on machine records a comprehens ive data file concerning the student body. 4. CURRENT BUDGET REPORT FOR THE YEAR 1961-62 TO DATE: In the absence of the Budget Director, Controller Peterson presented a budget report (unrestricted funds only) for the current fiscal year to date as follows: a. Endowed Colleges at Ithaca Original Budget: Estimated Income $16,985,000 Estimated Expense 17 ,543,335 Estimated Deficit I 55«,335) Additional Appropriations: Previously Reported 64,500 Ex. Com. 12/15/61 162,000 22'5, 500 Net Increase in Income over Original Estimate: Previously Reported 450.000 Bankhead-Jones Act - Additional Appropriation 155.000 605,000 Appropriations Lapsed ll/l/6l 100,000 705,000 478,500 Current Academic Budget Defici to Date ( 79,835) ******* ************************* Ex. Com. 12/15/61 4177 k* Medical College at New York Original Budget: Estimated Income $ 2,506,378 Estimated Expense 2,555,808 Estimated Deficit 49,430) Net Decrease in Income over Original Estimate: Previously Reported ( 12,000) Appropriations L.apsea 11/1/01 30,uuu Current Academic Budget Deficit to Date ( 5,430) ********************* ****** * * * * c. Position of University's General Reserve (Funded) as of December 15, 19^1 Total of Reserve $1,307,403.13 ********************* ****** * * * * d. Position of Unrestricted Gifts as of November 30, 1961 1. Estimated Net Unrestricted Gifts in Academic Budget $ 971,466 2. Appropriations for Expenses in Academic Budget: University Development 247,994 Alumni Secretary 106,940 University Council 8,600 363,534 3. Revised Estimated Gross Unrestricted Gifts 1 ,.335,000 4. Gifts Applicable to Line 3: Alumni Annual Giving 79,706 Parents Program 11,113 Corporate Program 149,791 Miscellaneous 35,600 276,210 5 . Balance Needed to Equal Estimated Income $1,058,790 ******************************** 4178 12/15/61 Ex. Com. Balance Receipts Original Receipts Needed Last Year Goal to to Reach to Date 1961-62 11/30/61 Goal $ 76,074 Alumni Annual Giving $ 850,000 $ 79=706 $ 770,294 7,388 Parents Program 35,000 11,113 23,887 196,697 Corporate Program 425,000 149,791 275,209 12,500 Miscellaneous 25,000 35,600 (l0,600) $292,659 Total $1,335,000 $276,210 $1,058,790 ******************************** e • Position of Fund for Development of the University as of November 30, 1961 1. Uncommitted Balance - Previously Reported $ 8,691.57 2. Proposed Addition: M. R. Oxford Estate 5,000,00 3. Balance in Fund - Uncommitted $ 13,691.57 ******************************** 5 . REPORT ON CURRENT FUND ADVANCES: Controller Peter son presented a report on the status of advances from current fund balances as temporary financing for various capital projects. 6 . FINANCING FOR GROUP HOUSING UNITS: Trustee Scheetz reported concerning his conferences with representatives of a fraternity currently raising funds under the Group Housing Plan. He cited the growing pressure for the University to participate in the financing of individual Group Housing units by advancing funds or lending other financial support. Also, the feasibility of giving Centennial Campaign credit for gifts to Group Housing funds was discussed. 7. BARD HALL GIFT STATUS REPORT: The Administration reported concerning recent developments in connection with the liquidation of certain Arizona land contracts which are to be the source of funds for the construction of Bard Hall. It was reported that the University is taking appropriate steps to protect its interests and that Mr. Bard is being kept fully informed of developments. Ex. Com. 12/ 15/61 4179 8 . UNIVERSITY FINANCIAL REPORTS: Treasurer Durland presented a series of charts setting forth the University's comparative statement of income and expense when broken down in different ways. Copies of these charts are attached to these minutes as Appendix A. 9 . DORMITORY AUTHORITY LOAN FINANCING: Treasurer Durland reported concerning the University's loan from the New York State Dormitory Authority in the amount of $13,100,000, which is presently financed through bond anticipation notes due in May, 1962. Voted to instruct the Administration to proceed with necessary preparations for funding this loan with a 35- year bond issue in the amount of $12,500,000 - the matter to be presented to the Executive Committee again at the appro priate time for determination as to whether the loan should be funded in full or only in part, depending upon market con ditions at the time. Voted further to instruct Treasurer Durland and Vice President Burton to bring before the next meeting a tentative prospectus for the bond issue, together with a memorandum setting forth the steps to be taken in implementa tion thereof, and including recommendations as to methods of marketing the bonds. 10. PROCEEDS FROM SALE OF NETWORK ANALYZER: Voted to authorize the Administration to utilize the proceeds from the sale of a part of the network analyzer in the College of Engineering, in the approximate amount of $26,000, to purchase equipment and to underwrite the initial stages of electric power research projects in the rebuilt High Voltage Laboratory. (Trustee Donlon requested that her negative vote be recorded.) 11. PLANS FOR PROPOSED PHYSICS-ARPA BUILDING: Voted to authorize the Administration to proceed with the development of working drawings for the proposed Physics-ARPA building under the supervision of the Buildings and Properties Com mittee . 12. LIQUOR LICENSE FOR WILLARD STRAIGHT HALL: Voted to authorize the Administration to apply for a liquor license for Willard Straight Hall, to provide service of alcoholic beverages through table service in the main dining room and private dining rooms, with no standup bar and no service of alcoholic beverages other than beer in the Ivy Room or the cafeteria. 4l80 12/ 15/61 Ex. Com. 1 3 . TUITION WAIVER FOR MID-TERM WITHDRAWALS % Voted to reconfirm existing policy whereby a student who withdraws from the University in the course of a term is chargeable with ten per cent of the term8s tuition and fees for each week in residence, with no apportionment being made after the first ten weeks of residence in any term. Voted further to authorize the Administration to make exception to this policy in individual cases in order to avert undue hardship. 14. PROPOSED GIFT OF RESEARCH FARM; Voted to authorize the Administration to accept the gift of some 300 acres of land near Lake Placid, New York, from Mr. Henry Uihlein, under an arrangement whereby the University will obtain full ownership in the future, but will be placed in immediate possession under a lease. 15. PURCHASE OF COMPUTING MACHINE: Voted to authorize the Administration to execute a contract of purchase with the Control Data Corporation for the purchase of a CDC 1604 com puting machine on condition that the University receive a grant from the National Science Foundation in the amount of $700,000 toward this project. It was noted that an additional educational discount of $300^000 had been granted by the manu facturer . 16. PROPOSED AMENDMENTS TO COUNTY LAW s Voted to author ize the Administration to prepare and cause to be introduced into the 1962 session of the New York State Legislature, bills to amend the County Law so as to Increase state appropriations available to County Extension Service Associations, which are administered by the University. 17. DEPARTMENT OF ASIAN STUDIES 1 Voted to rename the Department of Far Eastern Studies in the College of Arts and Sciences as the Department of Asian Studies. l8 . MEDICAL COLLEGE APPOINTMENT: Voted to appoint Dr. WILLIAM T« LHAMON Professor and Chairman of the Department of Psychiatry at the Cornell University Medical College, effect ive July 1 , 1962, subject to confirmation by a ballot vote of the Board of Trustees in January, 1962. 19. APPOINTMENTS IN THE COLLEGE OF AGRICULTURE: Voted to make the following appointments in the New York State College of Agriculture: Ex. Com. 12/15/61 4l8l a. WILLIAM C, DILGER appointed Associate Professor of Ornithology in the Department of Conservation, for a term of three years, effective July 1, 1962. b. EDWARD JOHN KINBACHER appointed Associate Pro fessor of Plant Breeding and Agronomy in the Department of Plant Breeding, for a term of three years, effective July 1 , 1962. c. ALEXIS LAWRENCE ROMANOFF appointed Professor of Chemical Embryology for the period October 1, 1961, through September 30, 1962. d. HARUO TASHIRO appointed Associate Professor of Entomology at the New York State Agricultural Experiment Station at Geneva, for a period of three years, effective July 1, 1961. 20. CENTENNIAL CAMPAIGN CREDIT FOR GIFTS SUBJECT TO LIFE INCOME: Trustee Noyes presented a report and tentative recom mendation with respect to ways and means of granting credit under the University’s Centennial Campaign Fund for gifts which are subject to life income being paid to one or more individuals. The matter was referred to the Administration for further study and report. ADJOURNMENT: On motion the meeting was adjourned at 2:00 p.m. Neal R. Stamp Secretary E x . Com. 12/ 15/61 4183 APPENDIX A ! CO G 3 Qh • O T5 -P OJ on rH OJ ■=t Ex. Com. 12/15/61 4185 O CD P cd GO G I—I CVJ Ex. Com. 12/15/61 4187 .c o Jh cd 0 to 0 PS o T3 0 Cu N cd Jh bO ccd O bO P 0 Jh O Jh O ,c O CL. P CO J* cd o -p •H (X (S w CO •k o CO £ 0 •H o O o 0l O bC J* P s 0 •g rH O £ Sh H rH rH t"- 0 O vo O 5 O 1 •> 0 O o TJ rH VO rH CO p (D CO cd o> m (1) 1—1 0 1—1 c—1 □ Ex. 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Com. 12/ 15/61 4191 CO £ O •H p oj •H Sh a o a a < 0 k a £ aJ TJ •s S CO Jh 0 P O . hC 1— 1 0 2 O rH O rH a 55 O OO •> H CD p Tl rH VO cd 0 vo •» CO 0 P 1 CT\ C S O O O ' — v — >• Eh O vo vo •H • a G > •» P CO O £ s a r—1 rH Cd 0 P 0 CVI *H O 0 Jh CO W CQ 1 -ee- *H cd 0 VO O. > •» 0 0 cn 0 VO O Jh P CO CO p Jh 0 *H 0 DC cd a CO 2 C£ 'd o P a Jh c 0 D CO < T 5 Qh t 3 cd c G 0 cd O cd N G r-l cd •H O rH U CO c *H 0 0 0 cd P O T3 rH bO CO 0 cd Jh •H co O s LA • rH 1— 1 1— 1 1— 1 □ in Ex. 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Com. 12/15/61 4201 rH 1—1 CD £ £ rH O rH O 0 £ T 5 Jh £ ^ £ CO O c d ^ L O CVJ £ O CT\ *H O r>S 1—1 CO 1 •H hO £ £ P £ O 1 0 0 oj •H P P £ £ T? cd £ O O P £ O £ P O. —1 O *H co Jh O rO P d O £ cd oj £ CO O cd 2 P a p 1—l G 0 £ £ Jh 0 CO cd cd ,C cd O i—1 & O O Ph £ £ O W *H £ *H oj 0 cu d cd P X I 0 a CO *H 0 2 0 CO X £ CO co oj £ 0 w •H 0 co 0 £ a i cd "d OJ CVJ rH VO l f \ □ □ □ Ex. Com. 12/ 15/61 4203 CO G O •H P CO G cd O O •H -P ET cd 0 0 Sh a o CO u G cd a o •H a ♦H W T 5 < p •H cd S CO cd o 0 2 Sh CL CO 0 Sh 0 O (D O T5 S G Ph ,g co 0 CO cd 1—1 o 0 P 0 H VO T3 & Sh CO •H O o 1—1 CVI cd cd 0 P £ •H *d v o * •H 0 0 •H o Sh > 0 1 on CO Ph > o P Sh p 0 0 0 £ CVI OJ 0 cvj CVI 73 G W vo vo vo Ex. Com. 12/15/61 4205 G O CQ •H G CQ O G o •H CD •H p p £ aj X vo LT\ Ex. Com. 12/15/61 4207 vo CVI on o cvj vo 0 0 Ex. Com. 12/15/61 4209 -3- o CQ C O •H -P 0 j U o a u o o a j w •H CO •H CO P 3 w co pLl T3 £ X aJ w T3 0 P U Eh 0 a S a 3 W CQ 1 CO 2 « 0 0 P 0 PS a j t j G P •H a j co < 1—1 1—1 o P 0 £ 0 oa j 0 CQ •H 73 •H T3 3 0 P s CO Tj 0 £ O T3 G W 4211 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE Meeting held Friday, January 19, 1962, 9*30 a.m., Faculty Room, Cornell University Med ical College, New York City PRESENT: Chairman Cisler, Trustees Dean, Donlon, Levis, Malott, Scheetz, Severinghaus, and Syme. By invitation, Trustees Collyer and Noyes. Provost Atwood, Vice Presidents Burton and Zwingle, Treasurer Durland, Controller Peterson, Budget Director McKeegan, and Secretary Stamp. ABSENT: Trustee Littlewood. Chairman Cisler called the meeting to order in ex ecutive session at 9:30 a.m. The meeting was reconvened in regular session at 11:15 a.m. 1 . APPROVAL OF MINUTES: Voted to approve the minutes of the Executive Committee meeting held December 15, 19^1, as previously distributed, after making changes in language at item 14 thereof. 4212 1/19/62 Ex. Com. 2. APPROPRIATION TO FINANCE LIBRARY DEDICATION: Voted to appropriate $25,000 from 1961-62 current income,, to finance the Library dedication program to be held in October, 1962. 3. CURRENT BUDGET REPORT FOR THE YEAR 1961-62 TO DATE: Budget Director McKeegan presented a budget report (unre stricted funds only) for the current fiscal year to date as follows: a . Endowed Colleges at Ithaca Original Budget: Estimated Income $16,985*000 Estimated Expense 17*543*335 Estimated Deficit ( 558,335) Additional Appropriations: Previously Reported 226,500 Ex. Com. 1/19/62 25,000 251,500 Net Increase in Income over Original Estimate: Previously Reported 605,000 Appropriations Lapsed H / l /61 100,000 705*000 ____ 453*500 Current Academic Budget Deficit to Date ( 104,835) ******************************** b . Medical College at New York Original Budget: Estimated Income $ 2,506,378 Estimated Expense 2,555,808 Estimated Deficit ( 49*430) Net Decrease in Income over Original Estimate; Previously Reported ( 12,000) Appropriations Lapsed ll/l/6l 56,000 _____ 44,000 Current Academic Budget Deficit to Date ( 5,430) ******************************** c . Position of University's General Reserve (Funded) as of January 19* 1962~ Total of Reserve $1,307,403.13 ******************************** Ex. Com. 1/19/62 4213 d. Position of Unrestricted Gifts as of December 31, 1961 1. Estimated Net Unrestricted Gifts in Academic Budget $ 971,466 2 . Appropriations for Expenses in Academic Budget: University Development 247,994 Alumni Secretary 106,940 University Council 8,600 363,534 3. Revised Estimated Gross Unrestricted Gifts ' 1,335,000 4. Gifts Applicable to Line 3 : Alumni Annual Giving 185,223 Parents Program 11,758 Corporate Program 200,818 Miscellaneous 35,975 433,774 5. Balance Needed to Equal Estimated Income $ 901,226 ******************************** Balance Receipts Original Receipts Needed Last Year Goal to to Reach to Date 1961-62 12/31/61 Goal $177,981 Alumni Annual Giving $ 850,000 $185,223 $ 664,777 10,258 Parents Program 35,000 11,758 23,242 242,397 Corporate Program 425,000 200,8l8 224,182 13,200 Miscellaneous 25,000 35,975 (10,975) $443,836 Total $1,335,000 $433,774 $ 901,226 ******************************** e . Position of University Development Fund as of December 31, 19°1 1. Uncommitted Balance - Previously Reported $13,691.57 2 . Proposed Addition: E. Staelin 335.55 3. Balance in Fund - Uncommitted $14,027.12 ******************************** 4214 1/ 19/62 Ex. Com. In connection with discussion of the budget report, attention was directed particularly to the corporate program. Trustee Levis pointed to the need for individual trustee par ticipation if the corporate program is to achieve its poten tial as a University fund-raising program. 4. REPORT ON CURRENT FUND ADVANCES: Controller Peter son presented a report on the status of advances from current fund balances as temporary financing for various capital projects . 5. TUITION AND FEE INCREASES; Voted to approve and recommend tp the Board of Trustees for adoption the following increases in tuition and fees, to be effective at the close of the academic year 1961-62: a. To increase tuition from $620 to $670 per term in the following divisions: Graduate School of Aeronautical Engineering Graduate School of Business and Public Administration Law School It was noted that these increases would set total tuition and fees for the above divisions at $1,600 for the academic year. b. To increase tuition from $620 to $657 per term for students registered in the Graduate School (endowed divisions except School of Nutrition), and to increase the College and University general fee from $130 to $143 per term for all students in the Graduate School. It was noted that these increases would set total tuition and fees at $1,600 for the endowed divisions (except Nutrition) of the Graduate School, and at $586 for students registered in the state-supported divisions and Nutrition division of the Graduate School. c. To increase tuition and fees at the Medical College from $1,500 to $1,600 per year. d. To authorize the President to make appropriate adjustments in tuition and/or fees for Summer Session, Extra mural Division, and other programs to reflect the foregoing changes. e. To authorize the President to apportion the College and University fee. Ex. Conic 1/19/62 4215 6. PROPOSED BUDGET FOR THE ENDOWED COLLEGES AT ITHACA FOR 1962-63: Voted to approve and recommend to the Board of Trustees for adoption the Administration's proposed budget for the Endowed Colleges at Ithaca for the year 1962-63* indicating total estimated income of $44,949,000, total estimated expense of $46,428,520, and an estimated deficit of $1,479,520. 7. PROPOSED BUDGET FOR THE MEDICAL COLLEGE FOR 1962-63: Voted to approve and recommend to the Board of Trustees for adoption the Administration's proposed budget for the Medical College for the year 1962-63, indicating total estimated in come of $8,126,379, total estimated expense of $8,207,998, and an estimated deficit of $81,619. 8 . PROPOSED BUDGET FOR THE SCHOOL OF NURSING FOR 1962-63: Voted to approve and recommend to the Board of Trustees for adoption the proposed budget for the Cornell University-New York Hospital School of Nursing for 1962-63, indicating total income and expense of $477,056. 9 o LAND ACQUISITION AT EAST ITHACA: Voted to author ize the Administration to purchase a house and lot (approx imately 150’ x 350') located at 211 Maple Avenue, from Arthur B. Flick, at a price of $21,000. It was noted that this property adjoins the Cornell Quarters Student Apartment proj ect, and other University properties. Voted further to appropriate $21,000 plus a sum for necessary closing expenses, from 1961-62 current income, for this project. 10. CORNELL ANNUALS ENDOWMENT FUND: Voted to amend the terms of the Cornell Annuals Endowment Fund as established in November, 1952, so as to provide that the entire income from the fund shall be payable to Miss Isabelle C. Ogden as a re tirement allowance in recognition of her services as office manager to the Cornellian Board for 34 years. It was noted that this action has the approval of the fund's donors. 11. ALFRED AND ELLEN HURLBURT FUND: Voted to establish the Alfred and Ellen Hurlburt Fund (classified A-3) as a capital fund for the production of income, in honor of Alfred Hurlburt (Class of 1897) and Mrs. Hurlburt - the fund to con sist of the unrestricted proceeds from (a) the Alfred Hurl burt Trust Fund, (b) the Ellen J. Hurlburt Trust Fund, and 42i6 1/19/62 Ex. Com. (c) a residuary trust established by Mr. Hurlburt for the life of Mrs. Hurlburt. It was noted that total funds from these three sources will amount to more than $1 million. Mr. Hurlburt died in August, i960, and Mrs. Hurlburt died December 24, 1961. 12. DORMITORY AUTHORITY LOAN FINANCING: Treasurer Dur land presented reports and recommendations with respect to funding the University’s loan from the State Dormitory Author ity, for dormitory construction, with a bond issue in the amount of $12,500,000. Voted, after general discussion, to defer action on these proposals and to authorize the Administration to retain the law firm of White & Case (Mr. Ezra Cornell) for a legal opinion with respect to statements concerning the University as set forth in the prospectus for the bond issue. 13. DORMITORY AUTHORITY AGREEMENT FOR PHYSICS-ARPA COMPLEX: Voted to defer action which would authorize the Administration to enter into an agreement with the State Dormitory Authority for a loan of not to exceed $8.5 million to finance construction of the Physics-ARPA complex, pending the outcome of further studies provided for under item 12 above. 14. CENTENNIAL CAMPAIGN CREDIT FOR BEQUESTS: Voted to instruct the Administration to bring before the February meeting a recommendation with respect to inclusion of be quests in totals of gifts received as credits toward the Centennial Fund campaign table of needs. 15. CENTENNIAL CAMPAIGN CREDIT FOR GROUP HOUSING GIFTS: Voted, as a matter of policy, that no credit be granted toward the Centennial Campaign Fund for gifts received toward various Group Housing funds. 16. PERINI CORPORATION CONTRACT CLAIM SETTLED: The Vice President-Business reported the amicable settlement of an outstanding contract claim on the part of Perini Corpora tion and one of its subcontractors with respect to construc tion of Olin Research Library. The settlement award of $12,500 was available within project funds. Ex. Com. 1/ 19/62 4217 17. DEPARTMENT OF SOCIOLOGY AND ANTHROPOLOGY; Voted to approve a recommendation from the faculty in Arts and Sci ences that the Department of Sociology and Anthropology in that College be divided into two separate departments, to be known as the Department of Anthropology and the Department of Sociology respectively. ADJOURNMENT: Upon motion the meeting was adjourned at 2:15 p.m. Neal R. Stamp Secretary 4219 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE Special meeting held Friday, January 26, 1 9 6 2 , at 8:00 a.m., Statler Inn, Cornell University, Ithaca, N.Y. PRESENT: Chairman Cisler, Trustees Dean, Donlon, Levis, Littlewood, Malott, Scheetz, Severinghaus, and Syme. Vice President-Business Burton, Treasurer Durland, Budget Director McKeegan, Counsel Meigs, and Secretary Stamp. 1. FEBRUARY MEETING CANCELED: Voted to cancel the Executive Committee meeting scheduled to be held February l6, 1962, at the Medical College in New York City. 2. ACQUISITION OF EMERSON PROPERTY: Voted to author ize the University Administration to negotiate for the pur chase of 80 acres of unimproved interior land on the east side of North Triphammer Road in the Town of Lansing, plus an additional 160 feet of highway frontage, from W. I. Emerson, at a price of not to exceed $32,000 plus closing costs. Voted further to appropriate for this project $32,000 plus necessary closing costs, payable from 1961-62 current income. 3. LAND CONVEYANCE TO THE CITY OF ITHACA: Voted to authorize the Administration to convey to the City of Ithaca, without cost, a small parcel of land located on the east side of Stewart Avenue at the north end of Stewart Avenue Bridge over Cascadilla Creek. It was noted that the City of Ithaca is about to replace Stewart Avenue Bridge, and that acquisi tion of this small parcel from the University is necessary to 4220 1/26/62 Ex. Com. permit straightening the approach to the bridge from the north. 4. OPERATION OF UNIVERSITY AIRPLANE: Voted bo author ize the Administration to renew for another year the contract with Mohawk Airlines for the operation and maintenance of the University’s DC-3 airplane. 5. DORMITORY AUTHORITY LOAN FINANCING: There was a general discussion of proposals for funding the University’s loan from the State Dormitory Authority in the amount of $13,100,000 for dormitory construction with a 35-year bond issue put out in the name of the Dormitory Authority in the amount of $12,500.,000. Particular attention was paid to the prospectus for the bond issue. Trustee Donlon reported concerning a meeting held the previous day in New York City attended by University rep resentatives and representatives of the Dormitory Authority’s bond counsel, the bond underwriters, and the University’s specially retained counsel, Mr. Ezra Cornell. After extended discussion the meeting was recessed at 9^35 a.m., to be reconvened the following day at 7^30 a.m. The Executive Committee PC N- U i i V cned in special session at 7:30 a.m. on Saturday, January 27, 1962, at Statler Inn, on the University Campus. PRESENT: Chairman Cisler, Trustees Dean, Donlon,, Levis, Littlewood, Malott, Scheetz, Severinghaus, and Syme. Vice President Burton, Treasurer Durland, Counsel Meigs, and Secretary Stamp. 5. DORMITORY AUTHORITY LOAN FINANCING (continued): Discussion continued from the previous day's meeting concern ing the forthcoming bond issue to fund the University's Dormitory Authority loan. Trustee Dean stated his concern that the prospectus for the bond issue clearly state those University funds which are available as security to bondhold- Ex. Com. 1/26/62 4221 ers In the event of default In regular payments. A memoran dum of suggested changes as proposed by Trustee Dean was considered, and as a result various changes in the proposed prospectus were recommended. The following actions were taken: (a) Voted to approve and recommend to the Board of Trustees for adoption a detailed resolution authorizing the Executive Committee and/or such administrative officers as the Executive Committee might designate, to consider and communicate to the Dormitory Authority the University's assent with respect to various matters in connection with the forth coming sale of bonds. (Secretary’s note: This resolution as subsequently adopted by the Board of Trustees, at a meeting held the same day, appears as a part of the minutes of the Board of Trustees.) (b) Voted to recommend to the Board of Trustees that power and authority to approve and execute necessary agreements, statements, and other documents in connection with funding the University's outstanding Dormitory Author ity loan of $13,100,000 be delegated to the President, the Treasurer, and the Controller in consultation with the Chair man of the Board and the Chairman of the Executive Committee. 6 . DORMITORY AUTHORITY AGREEMENT FOR PHYSICS-ARPA FACILITIES: Voted to recommend to the Board of Trustees that the proper officers of the Administration be authorized to negotiate and execute an appropriate agreement with the New York State Dormitory Authority to provide funds for construc tion of the Physics-ARPA facilities, subject to approval of language by the President in consultation with the Chairman of the Board of Trustees and Chairman of the Executive Com mittee, such agreement to include five principal points. (Secretary's note: The five principal points to be covered by such agreement are set forth as a part of the Board of Trustees minute concerning this matter in the minutes of the meeting held January 26-27, 1962.) ADJOURNMENT: On motion the meeting was adjourned at 9:15 a.m. Neal R. Stamp Secretary 4223 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES BOARD OF TRUSTEES Meeting held January 26-27, 1962, Board Room, Edmund Ezra Day Hall, Ithaca, New York PRESENT: Chairman Dean, Trustees Cisler, Catherwood, Columbus, Donlon, Hollander, Hollister, Kiplinger, Levis (January 26 only), Little wood, Luckey, Mackay, Malott, Milliman (January 26 only), Newbury, Jansen Noyes, Jr., John M. Olin, Personius, Rogers, Scheetz, Schlesinger, Severinghaus, Syme, Tuttle, Wickham, Widger, Wimsatt, Wood, and Wright; Trustee Emeritus Nicholas H. Noyes. Provost Atwood, Vice Presidents Burton, Summer- skill, and Zwingle, Treasurer Durland, Control ler Peterson, Budget Director McKeegan, Counsel Meigs (January 26 only), and Secretary Stamp. Chairman Dean called the meeting to order on Jan uary 26 at 10:00 a.m., thirty trustees being present. 1. TRUSTEE DONALD McMASTER: The Chairman reported that Governor Rockefeller had appointed Donald McMaster (Class of 1916), of Rochester, New York, to membership on the Board of Trustees for the balance of a term expiring June 30, 1966, to fill a vacancy caused by the death of the late Howard J. Ludington. 2. TRUSTEE THOMAS E. MILLIMAN: The Chairman reported that the State Agricultural Society at its annual meeting held January 10, 1962, had re-elected Thomas E. Milliman, of Ithaca, New York, to be President of that Society for a term of one year, continuing Mr. Millimanfs membership on this Board of Trustees in an ex officio capacity. 3. TRUSTEE EMERITUS WALTER C. TEAGLE: The Chairman reported with deep regret the death of Trustee Emeritus Walter 4224 1/26-27/62 Board C. Teagle (Class of 1900) at his home in Byram, Connecticut, on January 9^ 1962. Upon recommendation of Trustee Emeritus Noyes and by a rising vote the following resolution was adopted: WALTER C0 TEAGLE Walter C. Teagle (Class of 1900) died at his home in Byram, Connecticut, on January 9, 1962. He had served as a member of this Board of Trustees for thirty years, from 1924 through 1954, at which time he was elected by his colleagues to the position of Trustee Emeritus. Born at Cleveland, Ohio, on May 1, 1878, Mr. Teagle com pleted Cornell’s Mechanical Engineering course in three years with such brilliance that he was asked to join the Faculty. However, the day after Commencement, a promising academic career was thwarted when his father called him home and put him to work firing a still at nineteen cents an hour. Although Mr. Teagle's maternal grandfather was John D. Rockefeller’s first partner in grain and oil, his father’s company was one of Standard Oil’s keenest competitors. When, within a few years after Mr. Teagle commenced work, Standard Oil interests acquired his father’s firm, some people saw its greatest asset was young Walter Teagle him self, and so Walter joined the Standard Oil organization. Concentrating in foreign trade, his tremendous energies and exceptional abilities sparked a rapid rise to a directorship in Standard Oil Company (New Jersey) at the age of thirty-one In 1917* when he was thirty-nine years of age, Mr. Teagle became President of Jersey Standard, continuing in that capacity until 1937, when he became Chairman of the Board of Directors. He remained as Chairman until 19^2 . Mr. Teagle’s administration at Jersey Standard was par ticularly marked by expansion abroad, and it was under his imaginative leadership, courage and drive that American oil companies against stiff British opposition were for the first time successful in obtaining participation in Middle East production in former parts of the Ottoman Empire in 1928. His administration also was noted for liberal labor poli cies . The first widespread adoption of the eight-hour day was at Jersey Standard in 1925. In 1932 the forty-hour week was introduced in an effort to combat the depression. Mr* Teagle took a keen interest in all forms of wild life and enjoyed outdoor activities in general. He was an excellent shot and ardent fisherman. Although failing health in later years kept Mr. Teagle Board 1/26-27/62 4225 from regular attendance at meetings of this Board, his con tinued interest in and his generous benefactions for his alma mater never waned. Starting in 1927* Teagle regu larly and anonymously supported a fund at the University for extraordinary salary payments to faculty members worthy of recognition on the basis of outstanding accomplishments. In more recent years this fund was permanently endowed at $500,000, providing a most unique type of assistance to the University’s faculty salary resources. Teagle Hall, our magnificent men’s sports building, and substantial endowments for the maintenance of it and the surrounding grounds are further evidence of generous and thoughtful gifts to Cornell from Mr. Teagle and his devoted wife, Howena Lee Teagle. The Teagle Foundation continues to support a program of scholarships at the University. NOW, THEREFORE, BE IT RESOLVED that this Board record its sense of real personal loss and sorrow at the death of Walter C. Teagle, a distinguished colleague of long stand ing and of generous works for humanity and for the Univer sity, and BE IT RESOLVED FURTHER that a copy of this resolution be delivered to Mrs. Teagle with the sincere sympathy and warm affection of this Board. 4. APPROVAL OF MINUTES: a. Voted to approve the minutes of the Board of Trustees meeting held October 13-14, 1961, as previously distributed. b. Voted to ratify and confirm minutes of the Executive Committee meetings held September 15* October 12, November 18, and December 15* 1961* a.s distributed. 5 . REPORT BY PRESIDENT MALOTT ON THE STATE OF THE UNIVERSITY: University Budgets The President noted that this was the annual budget meeting of the Board of Trustees and that budgets would be presented for the fiscal year 1962-63 on behalf of the En dowed Colleges at Ithaca, the Medical College, and the Cor nell University-New York Hospital Nursing School. He noted that all these proposed budgets were at higher levels than 4226 1/26-27/62 Board 1961-62 budgets, but expressed his confidence that they all could be balanced before the year-end, through limited use of not more than $1 million of the reserve accumulated from the surpluses of previous years. The only tuition increases recommended this year are in the graduate divisions of the University. University Brochure The President reported that the brochure entitled "In Excellence and Diversity," which had been prepared and distributed as an Initial step in the University's prepara tion for its Centennial Celebration, was an outstanding suc cess. Some 80,000 copies of the brochure have been distribut ed to Cornell alumni, leaders in education, government, and industry, and to editorial writers throughout the country. Letters of appreciation and praise from recipients of the brochure continue to flow in„ ARPA Program The original agreement with Advanced Research Projects Agency (ARPA) of the Defense Department has just been extended for the second time, through June 30, 1966, in volving a total commitment to the University of $10,400,000. Working drawings are now being developed for con struction of new buildings and rehabilitation of existing buildings, to accommodate the new ARPA program and to provide new and better space for existing programs in Physics, Chem istry, and Astronomy, although the complexity of these facilities has caused planning to date to be somewhat slower than we would have liked. Center for International Studies The President reported that the newly created Center for International Studies is now well under way, and that substantial proposals for further financial support of the Center are now being considered by educational foundations. Library and Museum Collections Noteworthy and valuable collections are being added to the University’s Library and White Art Museum. Further additions are being made to the University's substantial col lection of the letters and other papers of James Joyce. Also, a Cornell alumnus has given a substantial collection of his correspondence with former President Truman. Board 1/26-27/62 4227 The White Art Museum has recently added a Rubens painting to its permanent collection. In addition, the Museum now has on loan an exhibit of some seventy works of sculpture by the renowned Lithuanian sculptor, Jacques Lip chitz . Two of the Lipchitz works have been given to the University by Mr. Harold Uris (Class of 1925) for permanent placement at the new Olin Research Library. Capital Gifts The Standard Oil Company of New Jersey is making a gift of $50,000 to the University as a memorial to Trustee Emeritus Walter C. Teagle. International Business Machines Corporation is contributing $300,000 as matching funds for the permanent endowment of a Ford Foundation Professorship in Engineering. The Uris Brothers Foundation is giving $500,000 toward the rehabilitation of the Undergraduate Library. The President noted that the late Trustee Emeritus Walter C. Teagle had made substantial gifts of endowment to the University in addition to his gift of the men’s sports building bearing his name. These endowment gifts, all of which were made anonymously, consist of a faculty salary fund of $500,000 and two funds of $200,000 and $50,000 respectively, for the maintenance and upkeep of Teagle Hall and the sur rounding grounds. Activities of the Faculty and Students Faculty concern over the peril of nuclear warfare has led to the development of a series of University lectures on the general subject. The first two lectures, given by Professors Hans Bethe and Cyril Comar, have been very well attended and have been the subject of considerable interest both on and off the Campus. Professor Stycos, of the Department of Sociology, has received a grant of $250,000 from the Ford Foundation to do research and training in the field of population growths and migrations, with particular emphasis on human fertility. This project is within the general framework of the Univer sity's Center for International Studies, and is basic to the development of America’s program of assistance to underde veloped countries. Initial studies will be conducted in four Latin American countries. For the first time, the University has on Campus a full-time climatologist, who will conduct studies with re spect to long-range weather trends, for use in such matters as crop control, smoke abatement, and other industrial and agricultural problems. 4228 1/26-27/62 Board Presently there are 769 foreign students at the University, representing 79 countries. Most foreign students are in the Graduate School, where they constitute 25 per cent of the total enrollment. A poll taken nationally among national merit schol arship winners as to their first choice of a college indicates Cornell to be the seventh choice among the boys, ranking be hind Harvard, M.I.T., Stanford, Cal Tech, Yale, and the University of California; and Cornell ranking third among the girls, behind Stanford and Radcliffe. Regional Meetings of Cornell University Council A regional meeting of the Cornell University Coun cil will be held at St. Louis on Saturday, February 10, with Trustee Spencer T. Olin as honorary chairman. A second regional meeting is planned for Detroit on Saturday, March 17* with Trustee Cisler as honorary chairman. The Executive Committee will meet in Detroit on March l6. Student Applications for 1962-63 There is a modest increase in the number of appli cations for admission to the University in the fall of 1962, compared with the number received at this time last year. The increases are general throughout the academic divisions and among both men and women students. 6 . REPORT BY BUDGET DIRECTOR McKEEGAN: a* Current Budget Report for the Fiscal Year 1961- 62 to Date - Budget Director McKeegan reviewed the current budget report to January 19* 1962, showing estimated current budget deficit of the Endowed Colleges at Ithaca of $104,835 and an estimated current budget deficit for the Medical College of $5*430. b . Commentary on Budgets for 1962-63 Fiscal Year - Mr. McKeegan commented briefly on the 1962-63 budget summary statements which had been mailed to the Board membership prior to the meeting. In the course of discussion which followed, the Administration was requested to prepare a report showing the total impact on the University's operating budgets of income funds from State and Federal sources. Board 1/26-27/62 4229 7. REPORTS AND RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE: Reports and recommendations from the Executive Committee meetings held November 18 and December 15, 1961* and January 19, 19^2, were presented by Chairman Cisler, upon which actions were taken as noted below: a. Centennial Campaign Budget - Chairman Cisler reported that the Executive Committee had approved a budget for Centennial Campaign expense for the six-month period Jan uary 1 through June 30, 1962, in the total amount of $200,000. b. Dormitory Room Rates - Reported that the Com mittee had established new dormitory room rates effective at the close of the 1961-62 academic year as follows: Room and board for undergraduate women $1,085 per year Men's dormitory and graduate dormitory $380 to $430 room rate per year Dormitory room rates for non-students $5.00 per person (per day) for single rooms $3.50 per person for double rooms c. Given Foundation Gift - Reported that the Com mittee had authorized the Administration to accept the terms of a gift whereby the Given Foundation would contribute a total of $1,000,000 to the University to be used for the en dowment of a professorship in Engineering, a professorship in the field of Humanities, and a book fund at the University Library. d. October Board Meeting - Reported that the Com mittee had set the regular autumn meeting of the Board of Trustees to be held at Ithaca on Friday and Saturday, October 5 and 6, 1962, concurrently with the regular annual meeting of the Cornell University Council, with any joint meetings between the two groups to be subject to later approval by the Executive Committee upon recommendation of the President. e. Physics-ARPA Building Plans - Reported that the Committee had authorized the Administration to proceed with the development of working drawings for the Physics-ARPA Building under the supervision of the Buildings and Proper ties Committee. f . Willard Straight Liquor License - Reported that the Committee had authorized the Administration to apply for a liquor license for Willard Straight Hall to provide service of all alcoholic beverages through table service in the m a m 4230 1/26-27/62 Board dining room and private dining rooms, with no stand-up bar and no service of alcoholic beverages other than beer in the Ivy Room or cafeteria. g. Tuition and Fee Increases - Voted, on recommen dation of the Executive Committee, to adopt the following in creases in tuition and fees to be effective at the close of the academic year 1961-62: (1) To increase tuition from $620 to $670 per term in the following divisions: Graduate School of Aeronautical Engineering Graduate School of Business and Public Administration Law School These increases would set total tuition and fees for the above divisions at $1,600 for the academic year. (2) To increase tuition from $620 to $657 per term for students registered in the Graduate School (endowed divisions except School of Nutrition), and to increase the College and University general fee from $130 to $143 per term for all students in the Graduate School. These increases would set total tuition and fees at $1,600 for the endowed divisions (except Nutrition) of the Graduate School, and at $586 for students registered in the state-supported divisions and the Nutrition division of the Graduate School. (3 ) To increase tuition and fees at the Medical College from $1,500 to $1,600 per year. (4) To authorize the President to make appro priate adjustments in tuition a n d / o r fees for Summer Session, Extramural Division, and other programs, to reflect the fore going changes. (5 ) To authorize the President to apportion the College and University fee. h. Budget for Endowed Colleges at Ithaca for 1962- 63 - Voted, upon recommendation of the Executive Committee, to adopt the Administration's proposed budget for the Endowed Colleges at Ithaca for the year 1962-63, indicating total estimated income of $44,9^9,000, total estimated expense of $46,428,520, and an estimated deficit of $1,479,520. 1 . Budget for Medical College for 1962-63 - Voted, upon recommendation of the Executive Committee, to adopt the Administration's proposed budget for the Medical College for Board 1/26-27/62 4231 the year 1962-63, indicating total estimated income of $8,126,379, total estimated expense of $8,207,998, and an estimated deficit of $81,619. j. Budget for School of Nursing for 1962-63 - Voted, upon recommendation of the Executive Committee, to adopt the proposed budget for the Cornell University-New York Hospital School of Nursing for 1962-63, indicating total income and expense of $477,056. k. Alfred and Ellen Hurlburt Fund - Chairman Cisler reported that the Executive Committee had capitalized the Alfred and Ellen Hurlburt Fund for the production of unre stricted income in support of budget, honoring Alfred Hurl burt (Class of 1897) and Mrs. Hurlburt, noting that the fund will amount to more than $1,000,000. 1 . Supplemental Appropriations from 1961-62 In come - Chairman Cisler reported supplemental appropriations from 1961-62 current income as made by the Executive Committee to date in the total amount of $304,500. In closing his report in behalf of the Executive Committee, Chairman Cisler called attention to the fact that all members of the Board of Trustees must endeavor to keep themselves informed with respect to the University's finan cial operations. Chairman Dean noted that questions or com ments from individual Trustees concerning fiscal operations or any other item on the University business would be most welcome. 8. PRESIDENTIAL SELECTION: Trustee Severinghaus re ported in behalf of the Executive Committee with respect to that Committee's progress in the matter of selecting a new president for the University. He reviewed again the methods and procedures which had been established for the submission of names of nominees. He noted that some 93 nominations had been submitted to date, and described briefly the Committee's work in processing these nominations. 9. COMMENTS BY CHAIRMAN OF CORNELL FUND: Trustee New bury as Chairman of the Cornell Fund commented concerning the fund’s annual goal and performance when considered in the^ light of the potential in a University with 100,000 alumni, and made suggestions for improvement of the fund’s status in the future. He expressed the thought that the Alumni Annual Giving program has been given entirely too low a priority in the University’s overall fund-raising efforts. While the Annual Giving program represents a small part of the Univer sity’s overall gift receipts for the year, it must be kept in 4232 1/26-27/6 2 Board mind that this program Is the source of a much greater per centage of the much smaller fund of completely unrestricted gifts which gives hard-core relief to the University's oper ating budget. He noted that out of 6,000 names on the Leadership Gift list last year, 2,000 persons made no gift at all to the fund, and another 2,000 persons gave $100 or less. Out of 100,000 alumni, only 97 individuals gave gifts of $1,000 or more during the campaign. Trustee Newbury proceeded to place before the Board three suggestions for improving the status of the Alumni Annual Giving campaign and focusing general alumni attention on it: a. He suggested that a goal of $2,500,000 for the Alumni Annual Giving campaign be established as a major ob jective of the Centennial Fund drive. He stressed that donors could and should be approached to make major capital gifts and annual unrestricted gifts at the same time. b. He suggested that some sort of club or organiza tion be formed with membership limited to those alumni who regularly give $1,000 or more to the Cornell Fund. The ex istence of such a prestige group could be used easily to raise the sights of many alumni fully capable of making larger gifts, but who are continuing the habit of making gifts far below their capabilities. c. Finally, Trustee Newbury suggested that the Board of Trustees officially allocate all moneys received through the Alumni Annual Giving campaign to faculty salaries when preparing the annual budget. He noted that the typical alumnus would be favorably impressed if he knew that his annual unrestricted gift were to be used directly in support of faculty salaries. Following an enthusiastic discussion, it was voted to approve Trustee Newbury's suggestions in principle, and to authorize him to proceed with planning to carry out his sug gestions, in consultation with the President, the Chairman of the Board, the Chairman of the Executive Committee, and the Chairman of the Centennial Fund Campaign Committee. 10. LETTER FROM TRUSTEE LUDINGTON'S DAUGHTER: At the Chairman's request the Secretary read a letter from Mrs. William F. Butler, Jr., daughter of recently deceased Trustee Howard Ludington, expressing the family's gratitude to the Board of Trustees for the memorial resolution which had been adopted and presented to the family. Board 1/26-27/62 4233 RECESS: The meeting was recessed at 12:35 p.m., to be re convened the following day, January 27, at 9:30 a.m. The meeting was reconvened by Chairman Dean at 9:30 a.m. on Saturday, January 27. 11. AUTHORITY TO CONFER DEGREES: Voted to authorize the President to confer degrees at the completion of the first term of the academic year 1961-62 in accordance with recommendations of the several faculties upon candidates who have fulfilled all necessary requirements at that time. 12. APPOINTMENT OF DEAN - COLLEGE OF ARTS AND SCIENCES: Voted, upon recommendation of the President, and with the approval of the faculty of that College, to elect Professor William Rea Keast, Chairman of the Department of English, to be Dean of the College of Arts and Sciences for a term of five years, effective July 1, 1962. 13. APPOINTMENT OF DEAN - GRADUATE SCHOOL OF BUSINESS AND PUBLIC ADMINISTRATION: Voted, upon recommendation of the President, and with the unanimous approval of the faculty of that School, and with ballot duly had, to elect William Daniel Carmichael to be Dean of the Graduate School of Busi ness and Public Administration, and Professor of Economic Policy with indefinite tenure, effective July 1, 1962. 14. REPORT BY VICE PRESIDENT ZWINGLE: a. Vice President Zwingle distributed a report of gifts to the University for the fiscal year 1961-62 through December, as follows: 4234 1/26-27/62 Board TOTAL REC’D TOTAL REC’D THROUGH THROUGH COLLEGES AT ITHACA 1. For Current Operations Total Unrestricted Gifts $ 464,098.78 $ 483,153.06 Total Restricted Gifts 772,125.82 681,472.18 TOTAL GIFTS 1,235,224.60 l,lb4,625.M 2. For Capital Funds Endowments 958,289.28 1,182,559.33 Construction and Equipment 249,606.90 595,270.94 Miscellaneous (Expendable) 148,724.95 89,784.56 TOTAL 1,356,621.13 1 ,867,614.83 3. Research Grants Endowed Colleges 285,246.58 389,209.98 State Colleges 426,082.69 465,922.87 TOTAL 711,329.27 855,132.85 4. Loan Funds 2,100.00 18,775.67 5. Gifts in Kind 97,839.03 21,230.13 6 . Funds Subject to Life Income 38,367.81 168,612.89 7 . TOTAL FUNDS TO COLLEGES AT ITHACA 3,442,481.84 4,095,991.61 MEDICAL COLLEGE AT NEW YORK 1 . For Current Operations 152,731.53 158,234.48 2. Research Grants 703,203.30 764,115.20 3. Capital Funds 366,598.63 299,842.67 4. TOTAL FUNDS TO MEDICAL COLLEGE 1,222,533.46 1,222,192.35 GRAND TOTAL GIFTS AND GRANTS TO CORNELL $4,665,015.30 $5,318,183.96 b. Centennial Planning Committee and Other Matters Mr. Zwingle reported that the Centennial Planning Committee is continuing its planning for the future, having given atten tion recently to the future optimum size of the University. Mr. Zwingle called the Board’s attention to the in creasing urgency to raise $750,000 as matching funds for a Ford Foundation grant toward the cost of construction of the Board 1/26-27/62 4235 Nuclear Reactor facility, the Space Research Center, and renovation of the High Voltage Laboratory. Pursuant to the Foundation's letter of gift, the matching funds must be made available prior to September 1, 1962. He also noted that the Administration is currently studying a consultant's report including recommendations for the further development of the University's Research Park. 15. CENTENNIAL CAMPAIGN COMMITTEE REPORT: Chairman Noyes of the Centennial Campaign Committee reported concern ing the Committee's development of campaign literature and a campaign organization. He noted that the Committee's prin cipal effort at present is to obtain a nucleus fund of gifts to the Centennial Fund prior to general announcement of the campaign. Trustees, former trustees, and their immediate families are being approached for contributions to this nucleus fund. Trustee Noyes noted that there is a real need for all Trustees to decide on their personal gifts to the fund before any approach is made to outsiders. Approximately one- third of the Trustees have made pledges to date. He urged that decisions be made during the month of February if pos sible . 16. ANNUAL REPORT OF AUDIT COMMITTEE: a. Voted to receive the annual report of the Audit Committee as presented. A copy of this report is appended to these minutes as Appendix I. b. Voted to authorize the Administration to retain the firm of Haskins Sc Sells to audit the University's books for the year ending June 30, 1962, at a negotiated fee of $14,500 plus costs. 17. ANNUAL REPORT OF THE INVESTMENT COMMITTEE: Chair man John M. Olin of the Investment Committee presented that Committee's annual report, a copy of which is attached to these minutes as Appendix II. The report was accepted with appreciation. 18. REMARKS BY TREASURER DURLAND: Treasurer Durland outlined briefly the manner in which the Investment Office is organized, and the methods used by the Investment^staff to implement the Investment Committee's policy decisions. 4236 1/26-27/62 Board 19. GLEE CLUB ADVISORY COUNCIL: Voted to elect Trus tees Kiplinger and Wldger to membership on the Glee Club Advisory Council for terms ending June 30,, 1962. 20. REPORT BY VICE PRESIDENT SUMMERSKILL: Vice Pres ident Summerskill reported concerning the organization of the student personnel staff and the day-to-day student problems being handled by that staff. He also called attention to the continuing need to improve housing conditions for the sizable segment of the student body not housed in University dormitories. 21. DORMITORY AUTHORITY LOAN RESOLUTION: Voted, upon recommendation of the Executive Committee* and to facilitate the funding of the University's outstanding loan with the New York State Dormitory Authority by the issuance of 35-year bonds in the total amount of $12,, 500,000, to adopt the fol lowing resolution: WHEREAS, Cornell University (the "University") has heretofore entered into an Agreement dated the 23rd day of May, i960 (the "Agreement") and an Agree ment of Lease dated the first day of June, i960 (the "Lease") with the Dormitory Authority of the State of New York (the "Authority"); and WHEREAS* pursuant to the Agreement the Univer sity has heretofore conveyed to the Authority all the right, title and interest of the University (subject to a right of reversion) in and to certain real property therein described in consideration of the Authority’s procurement of funds necessary for the dormitory construction program of the University and the refunding of advances made by the University for the construction of certain then existing dormitories; and WHEREAS _, on May 23, i960 the Authority adopted Revenue Bond Resolution and First Supplemental Revenue Bond Resolution (the "Resolution") author izing the issue of not to exceed $13,100*000 Revenue Bonds - (Cornell University Issue, Series A) to pay the cost of the Cornell Project as therein de fined; and WHEREAS, the Authority has heretofore issued and sold $13,100*000 aggregate principal amount of 3 1/8$ Bond Anticipation Notes, dated May 1, i960, and due May 1, 1962 (the "Bond Anticipation Notes") pursuant to such Resolution; and Board 1/26-27/62 4237 WHEREAS, the Authority now proposes to issue and sell its Revenue Bonds - (Cornell University Issue, Series A) in an amount not to exceed $13*100,000 at a price and "bearing such interest rates maturing in such amount and on such dates and containing such redeption terms as shall hereafter be determined by the Authority (the "Bonds”); and WHEREAS , it is proposed that the proceeds of the Bonds be applied to the payment of the Bond Anticipation Notes and the balance of the Bond Anticipation Notes be paid out of certain funds designated the "Construction Fund" held by the University as agent for the Authority; and WHEREAS, the Lease provides that the University shall pay the Authority an annual rental for the Cornell Project equal to the sum of (l) the amount of annual amortization of principal plus annual interest on the Bonds outstanding and any sinking fund installments becoming due in such lease year (except as therein stated), (2) the amount necessary to maintain any and all reserves required by the Resolution, and (3 ) an amount sufficient to pay (a) any expense of the Authority for in surance required by the Resolution and not otherwise paid or provided for by the Univer sity, (b) all other expenditures reasonably and necessarily incurred by the Authority by reason of its ownership, financing and leasing of the Cornell Project, and (c) the general administration expenses of the Authority reasonably allocable to the Cornell Project in the amounts specified in the Lease; and WHEREAS, the University has agreed to charge rentals for the use and occupancy of the dormitory facilities comprising the Cornell Froject under the Lease sufficient, together with any other funds which the University may lawfully use for such purposes, to pay the costs of operation, maintenance, repair and replacement of the Cornell Project and to pay the annual rental provided for by the Lease; and WHEREAS, the principal amount of the Bonds to be issued and sold by the Authority, the interest rates of the Bonds, the price at which the Bonds are to be issued and sold by the Authority^ and the amount maturing on the re- 4238 1/26-27/62 Board spectlve maturity dates, the maturity dates of the Bonds and the redemption prices and terms of the Bonds are all relevant in determining the annual rental payable by the University on the Cornell Project; NOW., THEREFORE, be it hereby resolved by the Board of Trustees of the University that the Execu tive Committee of the Board of Trustees, or such administrative officers as the Executive Committee may authorize, be, and they are hereby authorized and directed to consider and communicate to the Authority the University's acquiescence (if such be the case] in: (l) the principal amount of Bonds established by the Authority to be issued and sold by it, provided that such principal amount of Bonds shall not be in excess of $13*100,000; (2) the interest rates established by the Authority for the Bonds; (3 ) the price established by the Authority for issuance and sale of the Bonds; (4) the maturity dates and amounts maturing on such dates established by the Authority for the Bonds; and (5 ) the redemption prices and terms established by the Authority for the Bonds; and be it further RESOLVED, that in considering the foregoing factors affecting the annual rental payable by the University on the Cornell Project, the Execu tive Committee be, and it is hereby, directed to consider the annual rental and other costs to the University under the Lease, and to communicate to the Authority the University’s acquiescence in such terms and conditions only if, in the judgment of the Executive Committee, such terms and condi tions afford the University the lowest possible cost under the Lease while providing sufficient funds for the completion of the Cornell Project, all consistent with the cost of the Cornell Project and the relevant market for the Bonds. 22. AUTHORITY TO ACT ON BOND ISSUE: Voted, on recom mendation by the Executive Committee, to delegate the power and authority to approve and execute necessary agreements, statements, and other documents in connection with funding the University’s outstanding Dormitory Authority loan of $13*100,000, to the President, the Treasurer, and the Con- troller* in consultation with the Chairman of the Board and the Chairman of the Executive Committee. 23. DORMITORY AUTHORITY AGREEMENT FOR PHYSICS-ARPA Board 1/26-27/62 4239 FACILITIES: Voted, upon recommendation from the Executive Committee, to authorize the proper officers of the Adminis tration to negotiate and execute an appropriate agreement with the New York State Dormitory authority to provide funds for the construction of the Physics-ARPA facilities, subject to approval of language by the President, in consultation with the Chairman of the Board and the Chairman of the Execu tive Committee, and including the following principal points: a. The Dormitory Authority will undertake to pro vide not to exceed $8.5 million for the construction of the new facility and the reconstruction of Rockefeller Hall (Physical Sciences Project). b. Cornell will agree to convey to the Authority by warranty deeds, Rockefeller Hall and land upon which the new Physical Sciences Building will be constructed, together with customary surrounding areas and necessary easements for ingress and egress, and subject to a right of reversion to the University upon payment of all bonds and debts owed by the University to the bondholders or the Authority. c. The Authority will agree to sell bonds to be designated as Revenue Bonds of the Authority - (Cornell University Physical Sciences Issue). These bonds will be solely the obligation of the Authority secured by rentals to be received by the Authority under a lease of Rockefeller Hall and the new Physical Sciences Building. Cornell Univer sity will agree to apply amounts received as payment of the annual allowable use charge under its contract with ARPA to gether with amounts from its unrestricted general funds, to the extent required to pay the cost of operation, maintenance, repairs and replacement of the Physical Sciences Project and to pay the rentals due hereunder in the amounts and at the dates provided herein, and Cornell will further and specifi cally agree that at all times such payments received for such annual allowable use charges, under said contract with ARPA will be free and clear of any pledge, lien, charge, or in cumbrance whatsoever thereon or with respect thereto other than those resulting from the lease. d. The planning, construction, and reconstruction of the project will be carried out by Cornell as agent for the Dormitory Authority, subject to approval by the Authority. e. The Authority will lease to Cornell Rockefeller Hall and the new Physical Sciences Building for a term ending when all principal interest and redemption premiums, if any, have been paid. Such lease will provide for a rent payable to the Authority by the University in an amount sufficient to pay interest and amortization on outstanding bonds and premi ums, plus a modest administrative fee to the Authority, with the University paying all costs of operation and maintenance of the facilities. 4240 1/26-27/62 Board 24. REPORTED FOR INFORMATION: a. Faculty Deaths WALTER B. CARVER, Professor of Mathematics, Emeritus, January 4, 1961. ALBERT LeROY ANDREWS, Professor of German, Emeritus, November 1, 1961. OSKAR A. JOHANNSEN, Professor of Entomolo gy, Emeritus, November 7, 1961. WALFRED A. ANDERSON, Professor of Rural Sociology, Emeritus, November 11, 1961. MORTIER F. BARRUS, Professor of Plant Pa thology, Emeritus, January 8, 1962. b . Faculty Resignation FRIEDRICH SOLMSEN, Professor of Classics, effective July 1, 1962. 25. APPOINTMENTS OF PROFESSORS EMERITUS: Voted to elect the following named persons to emeritus status, effect ive as of the dates indicated: HERBERT A. WI0HELNS, Professor of Speech and Drama, as of July 1, 1962. RICHARD BRADFIELD, Professor of Agronomy, as of January 1, 1962. ALICE MARY BRIANT, Professor of Food and Nutrition, as of July 1, 1962. 26. ELECTION BY BALLOT OF PROFESSORS AND ASSOCIATE PRO FESSORS: The following named persons were elected by ballot and with indefinite tenure to the positions specified in the respective colleges and schools (all effective July 1, 1962, unless otherwise indicated): a. College of Architecture KENNETH EVETT was promoted to Professor of Art. STEPHEN W, JACOBS was elected Associate Professor. Board 1/26-27/62 4241 H. PETER KAHN was promoted to Associate Professor of Art. ALEXANDER KIRA was promoted to Associate Professor. b. College of Arts and Sciences DAVID H. GESKE was promoted to Associate Professor of Chemistry. JERROLD MEINWALD was promoted to Professor of Chemistry. ROBERT A. PLANE was promoted to Professor of Chemistry. FRANK HINDMAN GOLAY was promoted to Pro fessor of Economics. SCOTT ELLEDGE was elected Professor of English. BAXTER LEVERING HATHAWAY was promoted to Professor of English. ALAN ROBERT SOLOMON was promoted to Asso ciate Professor of Fine Arts. STEVEN MULLER was promoted to Associate Professor of Government. WALTER M. SIMON was promoted to Professor of Modern European History. L. PEARCE WILLIAMS was promoted to Asso ciate Professor of History of Science. HARRY KESTEN was promoted to Associate Professor of Methematics. SIMON BERNARD KOCHEN was promoted to Associate Professor of Mathematics. ANIL NERODE was promoted to Associate Pro fessor of Mathematics. HERBERT L. KUFNER was promoted to Asso ciate Professor of Linguistics. DONALD F. SOLA was promoted to Associate Professor of Linguistics. 4242 1/26-27/62 Board JOHN TSENG-HSIN HSU was promoted to Asso ciate Professor of Music, KAREL HUSA was promoted to Professor of Music. DONALD FRANK HOLCOMB was promoted to Pro fessor of Physics. DALAI BRENES was promoted to Associate Professor of Romance Literature. ROBERT Mo DURLING was promoted to Associate Professor of Romance Literature. JOHN FLETCHER WILSON was promoted to Asso ciate Professor of Speech and Drama. c . Graduate School of Business and Public Adminis tration PAUL WASSERMAN was promoted to Professor. d. College of Engineering _ .. . I — ■■rim&B.i — I...— .1 II -m. I I ■ ii W i FERDINAND RODRIGUEZ was promoted to Asso ciate Professor of Chemical and Metallurgical Engineering. YIH HSING PAO was promoted to Associate Professor of Mechanics and Materials. RICHARD MAGRUDER PHELAN was promoted to Professor of Mechanical Engineering. e. Law School WILLIAM EDWARD HOGAN was promoted to Pro fessor . IAN RODERICK MACNEIL was promoted to Associate Professor. NORMAN PENNEY was promoted to Professor and elected to a three-year term as Associate Dean of the Law School. f . Medical College WILLIAM To LHAMON was elected Professor and Chairman of the Department of Psychiatry. g. Graduate School of Nutrition ANDRE GERARD VAN VEEN was elected Profes sor, effective April 1, 1962. Board 1/26-27/62 4243 h* College of Home Economics CHARLOTTE W. BAUMGARTNER was elected Pro fessor and Head of the Department of Textiles and Clothing, effective October 1, 1961. ADJOURNMENT: Upon motion the meeting was adjourned at 12:00 noon. Neal R. Stamp Secretary 4244 1/26-27/62 Board APPENDIX I AUDIT COMMITTEE REPORT Board of Trustees: Your Audit Committee met on Friday, October 13th, to consider the financial reports of the University, the Cor nell Aeronautical Laboratory and the Cornell Campus Store for the year ending June 30, 1961. Present at the meeting were Trustees Rogers, Martinez, Peer and Mitchell. Also present from the University were Messrs. Peterson, McKeegan, O ’Con nell and Comber; and from Haskins & Sells Messrs. Tipton, Gidney and McLeron. Controller Peterson distributed copies of the 1961 Financial Report which had been printed in accordance with recommendations from the i960 Audit Committee by the photo offset process at a cost of approximately $825.00. This represents a saving of some $1,200. over letter press print ing. After a review of the report the Committee expressed its satisfaction with the printing job, and recommends that future financial reports be prepared by this process. Mr. Tipton of Haskins & Sells reviewed their audit reports. For the University he called particular attention to the following points which were of significance. (1) The auditor’s certificate contained no exceptions. (2) Net income earned on endowment and other invested funds amounted to $4,903,811. This represented a return of 4.23$ on invested funds, an increase of .09$ over i960. The return on endowment funds exclusive of the investment reserve and investment in current funds was 6 .34$, an increase of .13$ over 1960. In dollars the increase amounts to $389,232. (3) The balance in the investment income stabilization reserve increased from $5,163,007. to $5 ,559,625. despite a 5 .5$ rate of distribution and is now equivalent to 6 .4$ of the principal of the fund balances to which the income is distributable. (4) The general investment reserve, an undistributed principal account applicable to the principal accounts of the various endowment and non-endowment funds in the investment pool, was increased by $3,037,090. and on June 30, 1961 stood at $25,169,369., and is now equal to 21.56$ of the carrying value of the bonds and stocks at June 30, 1961. (5 ) The reserve for possible losses in real estate in vestments amounted to $685,709. on June 30. Board 1/26-27/62 4245 (6) 250 student loans were selected for confirmation and 226 borrowers whose balance aggregated $291,706. respond ed, and no exceptions were noted. At this point Controller Peterson expressed his concern in respect to the future of student loans. In the past Cornell has had a very favorable collection experience, with some 95$ of all loans being paid. However, now that the Higher Education Assistance Corporation permits New York students to borrow from the banks on guaranteed notes at 3$ interest and up to a total of $7 ,500. it is possible that collection of Cornell notes may be somewhat more difficult. When, and if, the National Defense Education Act is fully implemented, this program may also have an effect on the in terest rate that students will be willing to pay. The Com mittee recognizes the validity of these concerns, and has asked to be kept informed as to the actual experience. (7 ) Haskins & Sells reported general satisfaction with the progress that has been made and is continuing to be made with respect to internal control. In respect to the report for the Cornell Aeronau tical Laboratory, the following points were noted: (1) Again the auditor's certificate contained no ex ceptions . (2) The total assets of the Corporation are now $11,452,753.08. (3 ) For the year the excess of income over expenses amounted to $351,418. and the total retained income for use in the Laboratory at year end amounted to $2,875*080. (4) Provisions for depreciation and amortization for the year ended June 30 amounted to $924,535. and total de preciation and amortization is shown as $6,647,390. or al most exactly 50$ of cost of property and equipment. Repeated questions from Controller Peterson and the Committee failed to develop any areas of concern to the audit ors, or any in which there was sufficient interes or At this point the representatives from Haskins & Sells and Mr. O'Connell and Mr. Comber were excused. Con troller Peterson then presented the audit repor on e or nell Campus Store prepared by Maxfield & ompany, C. P. A. organization. This report indicated a successful year's operation. Mr. Peterson reported the recent satis 4246 1/26-27/62 Board factory settlement of an outstanding federal tax claim dating back to the year 1948, and the terms of that settlement. Your committee is pleased with the services of Haskins & Sells and invited Mr. Peterson to negotiate with them for the audit for 1962. It was recognized that costs of the audit have been Increasing, and that the audit for 1962 would be more expensive. On the recommendation of the Con troller this committee voted to place a $15,000. ceiling on the fee subject to negotiation. Controller Peterson later re ported that on October 25th he met with representatives of Haskins & Sells and that their proposed fee for 1962 was in creased 10$ from $13,750. to $15,125. plus costs. After negotiations a fee of $14,500. plus costs was agreed upon, and this committee recommends to the Board that Haskins & Sells be engaged to conduct the audit for 1962 at a fee of $14,500. plus costs, and that the Controller be authorized to sign a contract. It has been a pleasure to serve Cornell on this Committee, and we are pleased that we may submit this favor able report. Mrs. William P. Rogers Juan Martinez Sherman Peer Albert K. Mitchell, Chairman Board 1/26-27/62 4247 APPENDIX II INVESTMENT COMMITTEE REPORT Mr. Chairman; Fellow Trustees: My report to you today concerns the stewardship of your investment committee for calendar 1961. It was a good year. The funds under the control of your committee have a market value of approximately $160 million. This includes not only the Endowment and Other Invested Fund Assets, but also^five million of separately invested funds, and thirteen million of invested current funds. The grand total on Jan uary 3rd last year was $138 million. The Endowment and Other Pooled Investments, our primary concern, have grown from $120.7 million to $142.5 million during this period. This 22 million dollar increase was caused in some part by gift additions, and in large part by capital appreciation, but in no part by any discernible change in your committee’s policy for bond-stock ratios. Our course is constantly reviewed, but remains relatively stable. We have as our goal, 50$ investment in common stocks, and have not deviated from this objective more than five per cent during the year. Our present common stock ratio is at 52$. Within the common stock portfolio we have leaned heavily on companies concentrating in consumers goods, public utility or banking. All of these industries have enjoyed a good year, and their stockholders even a better one. Your committee spends most of its time discussing the business and industry outlook, since successful equity investment is the most rewarding. In bonds, we have decided to stay short. During the year we reviewed the desirability of lengthening our bond maturities, not only to increase the income yield from this large segment of investment, but also to freeze those in creases for future years. Our conclusion was that the hazards of inflation are sufficiently strong to eliminate any desire to accept, say, 1980 dollars for today's dollars, even though in the early years of such an investment the current returns might seem tempting. As a result, the only long term bonds we bought were those convertible into common stock. All the rest of our bond funds have been confined to the very short, — and to a minor extent -- the intermediate term markets. The penalty of this policy is a modest current income loss; the penalty of an opposite policy appears to us to be a po tential major capital loss. The investment portfolio includes roughly two mil lion in real estate and mortgages. Except for some special situation, we have a passive attitude toward new investments in these fields. Broadly speaking, our aversion to real estate stems from a reluctance to compete in a market which 4248 1/26-27/62 Board is influenced to a large extent by tax advantages available to individual owners. Our avoidance of mortgage investment is a reflection of our concern about inflation. All of our reserves have grown. We still have more than one year’s endowment income available to meet an emer gency; our capital reserve, now at $25 million, is three mil lion larger than it was at this time last year, and we have already taken an additional 2.8 million dollar profit to be added in June. Unrealized appreciation has also increased -- from 22.8 million to 33.0 million. Thus, the figures are favorable. Income production has also been satisfactory. You approved a rate of 5 1/2$ -- the highest ever -- to be paid on endowment funds last June; we hope to be able to recommend a similar payment again this year. Income production since June 30th is running about 5$ ahead of income produced in the comparable six-month period a year ago. In my written report to be attached to the minutes of this meeting I am including a table showing year-to-year comparisons of the most pertinent figures, so that they may be examined at your leisure. Finally, I wish to express my thanks to my fellow trustees who serve on this active committee, and to the Treasurer and his staff for their effective cooperation. Respectfully submitted, John M. Olin Chairman Investment Committee Board 1/26-27/62 4249 CORNELL INVESTMENT PORTFOLIO: MARKET VALUE COMPARISON January 10, 1962 January 3; 19^1 Market Jo Market Jo (Million $) (Adjusted) (Million $) (Adjusted) Bonds $ 76.5 44.5 $ 65.6 44.8 Common Stocks 74.4 52.2 61.8 51.2 Real Estate and Mortgages 2.0 1.4 2.3 1.9 Other 2.7 1.9 2.5 2,1 Total: $155.6 $132.2 Less: Invested Current Funds 13.1 11.5 Endowments and Other Pooled Investments $142,5 $120.7 Separate Invest ments 4.9 6 .0 RESERVES (Millions) January 1962 January 1961 Investment Reserve $ 25.2 $ 22.1 Current Profit and Loss 2.8 1.7 Income Stabilization Reserve 5.6 5.2 Real Estate Reserve .8 .4 Total: $ 34.4 $ 29.4 Unrealized Appreciation $ 33.0 $ 22.8 Pooled Income Production: Six months through December 31, 1961 $ 2.52 $ 2.41 4251 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE Meeting held Friday, March l6, 1962, 3:00 p.m., Chairman Cisler*s Offices, Detroit Edison Company, Detroit, Michigan PRESENT: Chairman Cisler, Trustees Donlon, Littlewood, Malott, Scheetz, Severinghaus, and Syme. Provost Atwood, Vice President Zwingle, Controller Peterson, Budget Director McKeegan, and Secretary Stamp. ABSENT: Trustees Dean and Levis. Chairman Cisler called the meeting to order in ex ecutive session at 3:00 p.m. The following actions from the executive session were reported to the Secretary for the record: A. REVISION OF UNIVERSITY ACADEMIC CALENDAR: Voted to request the President to report at a future meeting concern ing possible revision of the University academic calendar to make more effective use of University facilities and of student time. 4252 3/16/62 Ex. Com. B. CURFEW FOR WOMEN STUDENTS: Voted to ask the Pres ident to report to the Executive Committee with respect to the rules which govern closing hours for women students. C. GROUP HOUSING PLAN FINANCING: Voted to request the Administration to explore alternative means of financing the construction and rehabilitation of housing for fraternities, sororities, and other student groups - with particular atten tion to be given to a report with recommendations as to the feasibility of borrowing from the New York State Dormitory Authority for this purpose, and methods of administering such a loan. The meeting was reconvened in regular session at 3:45 p.m. 1. APPROVAL OF MINUTES: Voted to approve the minutes of the Executive Committee meetings held January 19 and Janu ary 26, 1962, as previously distributed, after making changes in language at pages 4211, 4219, and 4221. 2. APPROPRIATION FOR OLIN LIBRARY HOURLY WAGE ACCOUNT: Voted to appropriate $20,000 from 1961-62 current income to supplement the hourly wage account In the John M. Olin Library. 3. APPROPRIATION FOR FIELD WORK IN ADMISSIONS: Voted to appropriate $2,800 from 1961-62 current income to cover the cost of additional field work in admissions by members of the faculty. 4. APPROPRIATION FOR PURCHASE OF FILM STRIPS: Voted to appropriate $7*500 from 1961-62 current income to finance the purchase of 1,000 film strips to be used in connection with the University's secondary school program. 5* APPROPRIATION FOR MEDICAL COLLEGE ADMINISTRATIVE Ex. Com. 3/ 16/62 4253 SALARIES: Voted to appropriate $16,000 from 1961-62 current income of the Medical College to provide funds for the em ployment of additional administrative and clerical personnel. 6 . ADDITION TO MEDICAL COLLEGE CAMPAIGN STAFF: Voted to authorize the addition of one staff person to the Office of University Development for special assignment to the Medical College. Voted further to appropriate $4,000 from 1961-62 Medical College current income, and to appropriate $15,000 from 1962-63 Medical College current income, to finance this position. 7. SITE SELECTION FOR ZOOLOGY AND SCHOOL OF EDUCATION BUILDINGS: Voted to authorize the Administration to retain Charles H. Warner, Jr. as architect to perform a site feasi bility study for proposed buildings to house the Department of Zoology and the School of Education. Voted further to appropriate $3,000 from the University Development Fund to finance this study. 8 . CURRENT BUDGET REPORT FOR THE YEAR 1961-62 TO DATE: Budget Director McKeegan presented a budget report (unre stricted funds only) for the current fiscal year to date as follows: a. Endowed Colleges at Ithaca Original Budget: Estimated Income $16,985,000 Estimated Expense 17,5^3,335 Estimated Deficit (558,335) Additional Appropriations: Previously Reported 251,500 Ex. Com. 1/19/62 22,000 Ex. Com. 1/26/62 34,000 Ex. Com. 3/16/62 30*300 337*800 Net Increase in Income over Original Estimate: Previously Reported 605,000 Appropriations Lapsed ll/l/6l 100,000 705*000 ____ 367,200 Current Academic Budget Deficit to Date (191,135) 4254 3/16/62 Ex. Com. Medical College at New York Original Budget: Estimated Income $ 2,506,378 Estimated Expense 2,555*808 Estimated Deficit ( 49,430) Additional Appropriations: Ex. Com. 3/16/62 20,000 Net Increase in Income over Original Estimated: Previously Reported (12,000) Overhead Recoveries 100,000 M , “5oo Appropriations Lapsed ll/l/6l 56,000 144,000 ____ 124,000 Current Academic Budget Surplus to Date 74,570 ******************************** c . Position of University1s General Reserve (funded) as of March~l5, 1*962 Total of Reserve $1,307,403.13 ******************************** d. Position of Unrestricted Gifts as of February 28, 19*52 1. Estimated Net Unrestricted Gifts in Academic Budget $ 971,466 2. Appropriations for Expenses in A c ademi c Budge t: University Development 247,994 Alumni Secretary 106,940 University Council 8,600 363*534 3. Revised Estimated Gross Unrestricted Gifts 1,335*000 4. Gifts Applicable to Line 3: Alumni Annual Giving 400,808 Parents Program 14,423 Corporate Program 231,391 Miscellaneous 50,125 696,747 5« Balance Needed to Equal Estimated Income $ 638/253 ******************************** Ex. Com. 3/ 16/62 4255 Balance Receipts Original Receipts Needed Last Year Goal to to Reach to Date 1961-62 2/28/62 Goal $336,818 Alumni Annual Giving $ 850,000 $400,808 $ 449,192 15,998 Parents Program 35,000 14,423 20,577 219,509 Corporate Program 425,000 231,391 193,609 34,650 Miscellaneous 25,000 50,125 (25,125) $606,975 Total $1,335,000 $696,747 $ 638,253 ***** ********** ****** ***** ****** e . Position of University Development Fund as of March 16^ 1962 1 . Uncommitted Balance - Previously Reported $14,027.12 2 . Proposed Additions: Cornell Annuity Fund $19,688.21 Estates of: L. J. Collins 4,000.00 G. W. Bacon 1,556.16 Fred H. P. Howard 22,921.38 48,165.75 3. Proposed Commitments: Architect Studies - Zoology and Education Buildings $3,000.00 Demolition - American Legion Building 5j100.00 8,100.00 40,065.75 4. Balance in Fund - Uncommitted $54,092.87 ******************************** 9. CORNELL ANNUITY FUND SURPLUS: Voted to add to the University Development Fund an accumulated surplus from the Cornell Annuity Fund in the amount of $19,688.21. 10. FRED H. P. HOWARD ESTATE: Voted to add to the University Development Fund additional funds received from the Fred H. P. Howard estate in the amount of $22,921.38, re sulting principally from the sale of lands in North and South Dakota. 11. GIVEN FOUNDATION GIFT: It was reported that the University had received from the Given Foundation on January 26, 1962, 14,500 shares of H. J. Heinz Company common stock, 4256 3/ 16/62 Ex. Com. valued at $63,875 per share on the date of transfer, together with $73*812.50 in adjusting cash, or a combined total of $1 million so computed, in fulfillment of the gift arrangement authorized by the Executive Committee on November 18, 1961. Reference was made to (a) the three purposes of the gift, namely, $300,000 toward an Engineering professorship, $500,000 to endow a professorship in the Humanities, and $200,000 to endow a book fund; and (b) the condition of the gift that not more than 10 per cent of the total shares of stock may be sold in any one fiscal year. In discussion it was pointed out that the $300,000 for an Engineering Professorship was a matching gift within the terms of the Ford Foundation Engineering Professorship program, and that the University had an obligation when trans ferring $200,000 from the Ford Foundation Engineering Pro fessorship Fund, toward the permanent endowment of an Engi neering professorship, to match such amount with $300,000 in equally fungible dollars. In addition, it was pointed out that there is presently insufficient cash in the Given Founda tion gift to fulfill the foregoing condition of the Ford Foundation grant, and that the restriction on sale of the Heinz Company stock made it an inappropriate investment for the University1s endowment investment pool. In light of the foregoing factors, and in view of the President's recommendation that the Given Foundation Pro fessorship in Engineering be established currently so as to permit an appointment for the academic year beginning July 1, 1962, and to amend and supplement the Executive Committee's action taken November 18, 1961, the following actions were unanimously adopted: a. Given Foundation Fund - That 14,500 shares of H. J. Heinz Company common stock included in the Given Foundation gift be established as a separately invested fund on the University's books of account, to be known as the Given Foundation Fund, classified "F-2n; that the initial cash gift of $73*812.50 and the net cash proceeds from sales of stock in such fund as realized, be transferred preferen tially to the principal of the endowments established or to be established pursuant to and in the order stated in para graphs b» and £ below, and be invested as part of the pooled invested funds of the University; and that any income credit ed to the fund established by this paragraph a be transferred preferentially in the order set forth in paragraphs b and £ below. b. Given Foundation Professorship in Engineering - That the Given Foundation Engineering Professorship Fund be established as a permanent endowment fund, classified "E", with income to be used in support of a single professorship (including salary, standard fringe benefits, and other ex- Ex. Com. 3/16/62 4257 penses directly related to professorial activities) in ac cordance with the terms of the Ford Foundation Engineering Professorship grant - such Fund to consist initially of (l) $200,000 transferred from the Ford Foundation Engineering Professorship Fund,(2) $73,812,50 received as cash in the original Given Foundation gift; and (3) a prior claim on the net proceeds from the sale of the Heinz Company common stock held in the Given Foundation Fund to the extent of $226,187.50, which proceeds as realized shall be transferred to this Engineering Professorship Fund. Pending full cash realization of item (3 ) above, the income account of this Fund shall be subsidized on a fis cal year basis commencing July 1, 1962, by an amount equal to (a) the amount of income which a principal sum of $500,000 would have earned at the credited rate for endowment funds in each fiscal year, less (b) the income actually so credited to the principal of this fund in such fiscal year; and any such subsidies shall be made up successively as they occur by ap plication of (first) dividends received on the Heinz Company stock which shall be accumulated and held for such purpose, and (second) University unrestricted current operating income to the extent the dividends on hand are insufficient for the purposes of such subsidy in any fiscal year. c . Given Foundation Professorship in the Humani- ties and the Given Foundation Book Fund - That the Given Foundation Professorship in the Humanities and the Given Foundation Book Fund, respectively, be established as perma nent endowment funds (classified !E") as soon as may be after completion of the Engineering Professorship endowment (para graph b above) by the transfer of principal cash from the Given Foundation Fund (paragraph a above) as permitted by the sale of stock therein - such transfers to be made in the ratio of five (5) parts to the Professorship in the Humanities and two (2) parts to the Book Fund; and That any income remaining credited to the Given Foundation Fund (paragraph above) after full satisfaction of the requirements for the Engineering Professorship (para graph b above) be transferred to the income accounts of the two endowments established pursuant to this sub-paragraph _c in the same ratio of five (5 ) parts to the Humanities Pro fessorship and two (2) parts to the Book Fund. d. This action amends and supersedes the Executive Committee action taken November 18, 1961, to the extent that the present action may be inconsistent with the previous action. 12. IBM PROFESSORSHIP IN ENGINEERING: Voted to estab lish the IBM Professorship in Engineering and Applied Mathe 4258 3/ 16/62 Ex. Com. matics as a permanent endowment, classified "E", in the amount of $500,000, with income to be used in support of a single professorship (including salary, standard fringe benefits, and other expenses directly related to professorial activi ties), in accordance with the terms of the Ford Foundation Engineering Professorship Grant. Voted further to capitalize such professorship Fund by the transfer to it of (l) $200,000 from the Ford Founda tion Engineering Professorship Fund plus (2 ) the sum of $300,000 received as an unrestricted gift from the Interna tional Business Machines Corporation. 13. ADELMANN COLLECTION ON THE HISTORY OF ZOOLOGY AND EMBRYOLOGY: Voted, on recommendation of the President and the Director of the University Library, to authorize the Ad ministration to purchase from Professor Howard B. Adelmann his 4300-volume library on the history of zoology and embryol ogy, at a price of $150,000 pursuant to an installment pur chase contract extending approximately eighteen years. It was noted that Professor Adelmann had rejected an earlier offer as approved by the Executive Committee at its meeting held February 21, 1961. Consequently it was voted to rescind the earlier action to the extent that it provided for annuity payments to be made to Professor Adel mann beginning in 1966. Payment of initial installments under the purchase contract will be made from funds appropriated in February, 1961. Funds for installment payments due after July 1, 1963* will be included In the regular annual Library budget. 14. SALE OF HIGH VOLTAGE LABORATORY EQUIPMENT: Voted that the proceeds from the sale of three high voltage trans formers at the High Voltage Laboratory in the amount of $60,000 be allocated for the capital development of the Lab oratory, with the understanding that such funds may be used to the extent necessary as matching funds for the Ford Founda tion conditional grant to rehabilitate the Laboratory. 15. GRADUATE SCHOOL CONTINUOUS REGISTRATION FEE: Voted to approve the Administration's recommendation that the Grad uate School continuous registration fee in the amount of $50 be discontinued, effective immediately. 16. WALLIE A „ HURWITZ FUND: Voted to capitalize an un restricted bequest under the will of the late Professor Wallie Ex. Com. 3/16/62 4259 A, Hurwitz for the production of income, to be known as the ’’Wallie A. Hurwitz Fund,” classified "A-3". It was noted that the University will receive approximately $38,000 from the estate of Professor Hurwitz, a long-time member of the staff in the University's Department of Mathematics, 17. SABBATIC LEAVE OF ABSENCE FOR MEDICAL CENTER PER SONNEL: Voted to approve a recommendation from the Joint Ad ministrative Board at the Medical Center, that provisions for sabbatical leave of absence in effect for academic personnel on the campus at Ithaca be extended to apply to appropriate personnel in the Medical College and the School of Nursing. 18. COLLEGE AND SCHOOL ADVISORY COUNCILS: Voted to recommend to the Board of Trustees that existing Trustee legislation pertaining to the establishment and membership of college and school advisory councils be rescinded, and that a single enabling provision for such councils be enacted to provide as follows (both actions effective July 1, 1962): a. Pursuant to Article XXII of the University by laws the following college and school advisory councils are created: fl) Council for the College of Arts and Sciences (2) Council for the Graduate School of Business and Public Administration (3 ) Council for the College of Engineering (4) Council for the Law School (5) Council for the New York State College of Agriculture and the Agricultural Experiment Stations (6) Council for the New York State College of Home Economics (7) Council for the New York State Veterinary College (8) Council for the New York State School of Industrial and Labor Relations b. Membership - Each of these councils shall con sist of at lea"st five (5 ) but not more than twenty-five (25, members at large elected by the Board of Trustees on recom mendation of the President and for terms of one year each. Chairman - A chairman shall be designated by the President from among the members so elected. c. Duties - Each Advisory Council shall familiar ize itself with the programs, strengths and needs of the par ticular college, school or other academic division through 4260 3/16/62 Ex. Com. regular meetings with staff of the division and the University Administration and with other appropriate consultants from time to time. It shall advise with the Dean and/or the Pres ident concerning its recommendations. d* Report - Each Advisory Council shall set down its findings concerning the well being of its particular academic division and its recommendations with respect there to in a report to be filed with the Board of Trustees of the University at least annually. e. Additional Councils - Additional Advisory Coun cils may be constituted in accordance with this legislation by action of the Board from time to time. 19. GRADUATE SCHOOL OF AEROSPACE ENGINEERING: Voted to change the name of the Graduate School of Aeronautical En gineering to "Graduate School of Aerospace Engineering," to reflect changes in the School's program in response to chang ing interests and problems of those concerned with the en gineering of flight. 20. REPORTS AND RECOMMENDATIONS FROM BUILDINGS AND PROP ERTIES COMMITTEE: Reports and recommendations were received from the meeting of the Buildings and Properties Committee held January 26, 1962, upon which actions were taken as in dicated below: a. Hughes Hall - Voted to authorize the Adminis tration to take bids for the construction of Hughes Hall from a list of bidders and on the basis of final plans approved by the Buildings and Properties Committee. ^ • Building for Graduate School of Business and Public Administration - Voted to authorize the Administration to take bids for the construction of the building for the Graduate School of Business and Public Administration from bidders and on the basis of final plans approved by the Buildings and Properties Committee. c * New Campus Store - Voted to approve the site behind Olin Hall and fronting on Sage Place as location for the proposed new Campus Store. Voted further to select Beardsley and Beardsley as architects for this project, and to authorize the Administration to proceed with planning. Buildings to Be Razed - Voted to authorize the Administration to raze (TJ the American Legion building at 415 Stewart Avenue and (2) the Circle cottages located on the site for the new Physical -Sciences Building. Ex. Com. 3/ 16/62 4261 Voted further to appropriate $5>100 from the Univer- sity Development Fund to finance demolition of the American Legion building. It was noted that funds are available within the budget for the proposed Physical Sciences Building to finance the demolition of the Circle cottages. 21. ENGINEERING QUADRANGLE CLEARANCE: Voted to author ize the Administration to raze the temporary buildings on the Engineering Quadrangle formerly occupied by the School of Industrial and Labor Relations, and to authorize the Admin istration to proceed with area landscaping. 22. GIVEN FOUNDATION PROFESSORSHIP IN ENGINEERING: Voted to appoint WILLIAM R c SEARS, Professor and Director of the Graduate School of Aerospace Engineering (formerly Aero nautical Engineering), to be the first Given Foundation Pro fessor of Engineering, effective July 1 , 1962. 23. IBM PROFESSORSHIP IN ENGINEERING AND APPLIED MATH EMATICS: Voted to appoint HENRY G, BOOKER, Professor and Director of the School of Electrical Engineering, to be the first IBM Professor of Engineering and Applied Mathematics, effective July 1, 1962. 24. DR. WILLIAM F 0 SCHERER: Voted to recommend to the Board of Trustees that Dr. WILLIAM F„ SCHERER be elected Pro fessor and Chairman of the Department of Microbiology and Immunology at the Cornell University Medical College, effective July 1, 1962. 25. PROFESSOR GENE HERMAN OBERLY: Voted to appoint GENE HERMAN OBERLY Associate Professor in the Department of Pomology, College of Agriculture, effective for the period February 1, 1962, through June 30, 1965. 26. PROFESSOR EDGAR L 0 GASTEIGER, JR0: Voted to ap point EDGAR L 0 GASTEIGER, Jr. to be Professor of Physical Biology in the Veterinary College for a term effective August 16, 1961, through June 30, 1966. 27. APRIL EXECUTIVE COMMITTEE MEETING: Voted to hold the regular April meeting of the Executive Committee at Ithaca on Thursday, April 12, 19^2, at 6:30 p.m. Voted fur ther to cancel the meeting originally scheduled to be held in New York City on April 20, 4262 3/16/62 Ex. Como 28. CENTENNIAL CAMPAIGN TABLE OF NEEDS REVISION: Voted to approve a recommendation from the Centennial Planning Com mittee that the total Table of Needs for the Centennial Cam paign be increased from $69,085,000 to $73,200,000 as follows: a * Zoology - An increase of $3,300,000 for a new building for the Zoology Department. b* Goldwin Smith Hall - Delete $1,500,000 for a new wing and add $200,000 for an auditorium (net reduction - $1 ,300,000). c. Stimson Hall - Delete $2,000,000 as renovation for Zoology Department, and add $615,000 as renovation for other Arts College uses (net reduction - $1,385,000). Baker Laboratory - Delete $500,000 for general renovation; add $4,000,000 for new wing to accommodate Molecular Biology (net increase - $3,500,000). Voted further to authorize the Administration to revise the Table of Needs to show appropriately the foregoing changes, for presentation at the April meeting. 29. BARD HALL GIFT STATUS REPORT: A further report was made with respect to the present status of Arizona land transactions which are to be the source of funds for the con struction of Bard Hall. 30. EXPRESSION OF APPRECIATION TO CHAIRMAN CISLER: Voted unanimously to express the Committee's appreciation to Chairman Cisler'for his generous hospitality in making avail able his offices for this meeting of the Committee. ADJOURNMENT: Upon motion the meeting was adjourned at 5:35 p. Neal R. Stamp Secretary 4263 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE Meeting held Thursday, April 12, 1962, 6:30 p.m., Statler Inn, Cornell Campus, Ithaca, New York PRESENT: Vice Chairman Donlon (presiding), Trustees Levis, Scheetz, Severinghaus, and Syme. By invitation, Trustees Collyer, Jansen Noyes, Jr., and Trustee Emeritus Upson. President Malott entered the meeting as Item #9 was being discussed. Provost Atwood, Vice Presidents Burton and Zwingle, Treasurer Durland, Controller Peterson, Budget Director McKeegan, and Secretary Stamp. ABSENT: Trustees Cisler, Dean, and Littlewood. Vice Chairman Donlon called the meeting to order in the absence of Chairman Cisler. 1. APPROVAL OF MINUTES: With respect to the minutes of the Executive Committee meeting held March 16, 1962, the following actions were taken: a. Voted to strike from the record the action which had been taken with respect to a name for the rehabil itated Undergraduate Library, in order to permit further study of the matter. b. Voted to make changes in language at items #22 and #24, respectively, of such minutes. c. Voted to approve the minutes of the meeting held March 16, 1962, as amended by the foregoing actions. 4264 4/12/62 Ex. Com. 2. APPROPRIATION FOR STEAM AND ELECTRIC SERVICE: Voted to appropriate $50,000 from 1963.-62 current Income to cover an anticipated deficiency in the budget item to provide steam and electric service to academic buildings. 3. APPROPRIATION FOR DIVISION OF ATHLETICS: Voted to appropriate $38,800 from 1961-62 current income to increase the budget subsidy to the Division of Athletics. 4. APPROPRIATION FOR OUTSIDE LEGAL SERVICES: Voted to appropriate $7,000 from 1961-62 current Income to supplement the Item for outside legal fees in the University Counsel’s general expense account. 5. CURRENT BUDGET REPORT FOR THE YEAR 1961-62 TO DATE: Budget Director MrKeegan presented a budget report (unrestrict ed funds only) for the current fiscal year to date as follows: a. Endowed Colleges at Ithaca Original Budget: Estimated Income $16,985,000 Estimated Expense 17,5^3,335 Estimated Deficit (55#,335) Additional Appropriations: Previously Reported 337,800 Ex. Com. 4/12/62 95,800 433,600 Net Increase in Income over Original Estimate: Previously Reported 605,000 Endowment Income: Due to increased principal 130,000 Rate increase from 5 to 5-1/2# 130,000 Tuition and Fees 150,000 Research Recoveries 200,000 1,215,000 Appropriations Lapsed 11/1/61 100,000 1,315,000 881,400 Estimated Excess of Income overExpenditures 323,065 Ex. Com. 4/12/62 4265 Medical College at New York Original Budget: Estimated Income $ 2,506,378 Estimated Expense 2,555,808 Estimated Deficit (49^430) Additional Appropriations: Previously Reported 20,000 Net Increase in Income over Original Estimate: Previously Reported 88,000 Endowment Income: Rate increase from 5 to 5-1/2$ 46,000 134,000 Appropriations Lapsed ll/l/6l 56,000 190j000 170*000 Estimated Excess of Income over Expenditures 120,570 ******************************* c • Position of University 1s General Reserve (Funded) as of April 12, 1962 Total of Reserve $1,307,403.13 ******************************* d. Position of Unrestricted Gifts as of March 31* 19&2 1. Estimated Net Unrestricted Gifts in Academic Budget $ 971*466 2. Appropriations for Expenses in Academic Budget: University Development 247,994 Alumni Secretary 106,940 University Council 8*600 ____ 363*534 3. Revised Estimated Gross Unrestricted Gifts 1*335*000 4. Gifts Applicable to Line 3: Alumni Annual Giving 493*930 Parents Program 24,894 Corporate Program 238,591 Miscellaneous 50* 575 807,9.9.0 5. Balance Needed to Equal Estimated Income $ 527*010 ******************************* 4266 4/12/62 Ex. Com. Balance Receipts Original Receipts Needed Last Year Goal to to Reach to Date 1961-62 3/31/62 Goal $443*081 Alumni Annual Giving $ 850,000 $493,930 $ 356,070 21,473 Parents Program 35*000 24,894 10,106 243*509 Corporate Program 425,000 238,591 186,409 34,650 Miscellaneous ____ 25*000 50* 575 (25 * 575) $742,713 Total $1,335*000 $807,990 $ 527*010 ******************************** e * Position of University Development Fund as of March 3l” 19&2 1. Uncommitted Balance - Previously Reported $54,092.87 2 . Proposed Addition: Estate of V. L. Whitehead 2,436.78 3. Balance in Fund - Uncommitted $56,529.65 ******** * * ********************** 6 . INTEREST RATE ON INVESTED FUNDS FOR ig6l-62: Voted to approve a recommendation from the Investment Committee that interest be credited to funds participating in the Univer sity's investment pool for the fiscal year 1961-62 as follows: a. Endowment funds and funds functioning as endow ment funds, interest at 5-1/2 per cent. b. Non-endowment funds and current funds, exclud ing the Income Stabilization Reserve, interest at 3 per cent. 7 . PROPERTY PURCHASE AT MEDICAL COLLEGE: Voted to authorize the Administration to purchase property located at 1298-1300 First Avenue in New York City at a price of $425,000 plus closing costs, as an addition to property holdings for Medical College development. Voted further to appropriate $425,000 plus suffi cient funds for necessary closing costs, from the Payne Whit ney Fund in support of this project. 8 . SITE PREPARATION FOR BUSINESS AND PUBLIC ADMINIS TRATION SCHOOL BUILDING: Voted to appropriate $15*000 from the building fund (account #9270) for the proposed building Ex. Com. 4/12/62 4267 to house the Graduate School of Business and Public Adminis tration, including the Sloan Institute of Hospital Adminis tration, for the purpose of relocating electric and water lines at the site. 9. DYNAMITRON ACCELERATOR: Voted to authorize the Ad ministration to proceed with (a) completion of final plans for the construction of an annex to the Nuclear Reactor Building to house a 3-MEV Dynamitron accelerator, (b) con struction of such annex on the basis of final plans as ap proved by the Buildings and Properties Committee, and (c ) purchase and installation of such a Dynamitron accelerator - all on condition that the Atomic Energy Commission gives final approval to the University’s application for additional contract funds in support of this project in the amount of $265,780. Voted further to establish the budget for the total project at $320,780 and to appropriate the sum of $45,000 from the Engineering Development Fund to complete the Univer sity's total contribution of $55,000 toward this project - also on condition that the aforesaid grant of additional con tract funds from the Atomic Energy Commission is received. 10. CENTRAL CHILLED WATER PLANT FINANCING: Voted to finance the proposed central chilled water plant at an esti mated cost of $800,000 by the advance of funds from the University’s investment pool, subject to repayment over a twenty-year term commencing when the plant is completed in 1964, and with interest on outstanding balances at 5-1/2 per cent - such interest and amortization payments to be charged to the utility section of the academic budget. It was noted that a central chilled water plant will permit substantial operating economies in providing air conditioning for the Physics-ARPA building complex and other new campus buildings. 11. PHYSICS-ARPA PROJECT: The Committee reviewed and discussed in detail a status report on the Physics-ARPA construction project which had been prepared at the request of Chairman Dean (because he had found it necessary to depart for Geneva, Switzerland, for an extended period and thus would be unavailable for further consultation in connection with this project as stipulated by action of the Board of Trustees at its January meeting). A copy of this memorandum report is attached to these minutes as Appendix I. In the course of discussion the point was made that provision should be made in the forthcoming loan agreement with the State Dormitory Authority to permit withdrawal of 4268 4/12/62 Ex. Com. specified facilities from the loan arrangement to the extent that construction and/or rehabilitation of such facilities might be accomplished through funds received by gift or other outside source of support. Likewise it was noted that there was a need to negotiate with government auditing officials a unit price for that portion of the total floor space to be utilized in connection with the ARPA contract inasmuch as this would have a direct bearing upon the amount of space use charge the University could expect to receive under the terms of the ARPA contract. While no definitive action was taken, it was the consensus on the basis of information now available, that it would seem desirable to place the forthcoming bond issue for a term of at least twenty years but not exceeding thirty-five years, in order to keep within manageable proportions the impact of bond servicing payments on the academic budget of the University. It was recognized that final decision would be influenced by market conditions and other factors at the time of issue. The Committee strongly urged intensive efforts to obtain gift funds for the project in order to avoid the strain of bond financing on the academic budget. 12. REVISED CENTENNIAL CAMPAIGN TABLE OF NEEDS: Voted to approve, and adopt as final, the Table of Needs for the Centennial campaign in the total amount of $73*200,000, re flecting changes authorized at the March Executive Committee meeting. This revised Table of Needs as adopted pursuant to authority granted by the Board of Trustees at the June, 1961, meeting, is attached to these minutes as Appendix II. 13. CENTENNIAL CAMPAIGN COMMITTEE REPORT: Trustee Noyes reported briefly, as Chairman of the Centennial Cam paign Committee. He commented concerning pledges being re ceived prior to the official campaign announcement, and dis cussed the relative desirability of announcing the campaign in late spring or waiting until next autumn. He also dis cussed staffing for the campaign, and ways and means of get ting the campaign under way In various parts of the country. It was the consensus of the Executive Committee that Trustee Noyes would come back to the Executive Committee for definitive action as to the date of announcement after consulting the Campaign Advisory Committee. 14- CURFEW FOR WOMEN STUDENTS: The President reported, as requested at the previous meeting, with respect to Admin istrative action being taken to abolish night curfew for E x . Com. 4/12/62 4269 senior women students living in Balch Hall, sorority houses and Hasbrouck Apartments, for the academic year 1962-63 on a trial basis. The action had been carefully worked out in co operation with faculty committees and student leadership groups. 15. CORNELL AERONAUTICAL LABORATORY, INC0: a. Voted to authorize Controller Arthur H. Peter son to vote the University's 100 shares of common stock (representing all the outstanding common stock) at the annual stockholders meeting of the Cornell Aeronautical Laboratory, Inc. to be held April l6, 1962, in support of the following propositions: (1) That Article II, Section 2 of the bylaws of said corporation be amended to read as follows: SECTION 2. Composition. The Board of Directors of the Corporation shall consist of not more than twenty-five nor less than three members. (2 ) That the following named persons be elected directors of the corporation for terms of one year each: Seville Chapman Paul L. McKeegan Walker L. Cisler Donald McMaster Dale R. Corson Robert B. Meigs Arthur H. Dean George A. Newbury C. C. Furnas A. H. Peterson Thomas Gold Edward Rawlins Leroy R. Grumman Ira G. Ross Lewis G. Harriman Paul A. Schoellkopf Patrick H. Hodgson William R. Sears William Littlewood J. Carlton Ward Deane Waldo Malott T. P. Wright b. Voted further to defer action on further recom mendations for bylaw amendments, pending an overall review of the bylaws of this subsidiary corporation, and to instruct the Secretary of the Corporation to consult with Trustee Scheetz in a review of such bylaws. 16. CHAIRMAN OF THE DEPARTMENT OF SPEECH AND DRAMA: Voted to reappoint Professor CARROLL C„ ARNOLD as Chairman of the Department of Speech and Drama, in the College of Arts and Sciences, for a second five-year term, effective July 1, 1962. 4270 4/12/62 Ex. Com. 17. CHAIRMAN OF THE DEPARTMENT OF ENGLISH: Voted to ap point Professor WILLIAM M„ SALE, Jr. as Chairman of the De partment of English, in the College of Arts and Sciences, for a term of four years, effective July 1, 19^2. 18. APPOINTMENT IN THE COLLEGE OF ARCHITECTURE: Voted to reappoint MARIO J. ROMANACH as Associate Professor of Ar chitecture, in the College of Architecture, for a term of three years, effective July 1, 1962. 19. APPOINTMENT IN THE COLLEGE OF ARTS AND SCIENCES: Voted to appoint STEPHEN W. ROUSSEAS as Associate Professor in the Department of Economics for a term of three years, effective September 1, 1962. 20. APPOINTMENT IN THE GRADUATE SCHOOL OF BUSINESS AND PUBLIC ADMINISTRATION: Voted to appoint THOMAS M„ LODAHL Associate Professor of Administration for the period Septem ber 1, 1962, through June 30, 1964. RECESS: Upon motion the meeting was adjourned at 11:00 p.m., to be reconvened the following morning at 9 :30 a.m. in Day Hall. The Executive Committee reconvened in executive session in the President’s office, Day Hall, at 9-30 a.m. on April 13, 1962, with Chairman Cisler present and presiding. The following item was reported to the Secretary for the record: A » DORMITORY AUTHORITY AGREEMENT FOR PHYSICS-ARPA FACILITIES: Voted to recommend to the Board of Trustees that it amend action taken at the January meeting authorizing the Administration to negotiate and execute an appropriate agree ment with the State Dormitory Authority to provide funds for the construction of the Physics-ARPA facilities so that, as amended, the Administration’s authority to proceed would be conditioned upon approval of language by the President in consultation with such trustee or trustees as the Executive Committee might designate. Ex. Com. 4/12/62 4271 B. RECESS: The meeting recessed at 10:00 a.m., sub ject to the call of the Chairman. The Executive Committee reconvened again on Satur day, April 14, 1962, at 2:15 p.m. at Statler Inn. Present were Chairman Cisler; Trustees Donlon, Malott, Scheetz, Severinghaus and Syme; Vice President Summerskill and Secre tary Stamp. 21. WILLARD STRAIGHT LIQUOR LICENSE APPLICATION: Voted to instruct the Administration to take effective steps to withdraw the University's application for a liquor license at Willard Straight Hall for purposes of further study. 22. DORMITORY AUTHORITY AGREEMENT FOR PHYSICS-ARPA FACILITIES: Voted, pursuant to authority granted by the Board of Trustees at its meeting earlier In the day, to des ignate Trustee Scheetz as the trustee to be consulted by the President and Administration in connection with the negotia tion and execution of an appropriate loan agreement with the State Dormitory Authority to provide funds for the construc tion of Physics-ARPA facilities. ADJOURNMENT: Upon motion the meeting was adjourned at 2:45 p.m. Neal R. Stamp Secretary 4272 4/12/62 Ex. Com. APPENDIX I PHYSICS-ARPA PROJECT REPORT I. SCOPE OF PROJECT The Physics-ARPA construction project, as presently authorized, includes (l) construction of a new building be tween Rockefeller Hall and Baker Laboratory to provide space for the ARPA-sponsored Materials Science Center, space for the Radiophysics and Space Research Center, and additional space for the Physics Department (estimated at 214,676 sq. ft.), (2) renovation of existing space (88,000 sq. ft.) in Rockefeller Hall, and (3) reconstruction of 11,000 sq. ft. in Baker Laboratory basement to provide the Analytical Facility. A breakdown of space allotments and accompanying cost estimates for the new building is set forth in the sched ule below. The ARPA-sponsored Materials Science Center is represented by the sub-total of 110,378 sq. ft. at an esti mated cost of $4,188,739- NEW PHYSICAL SCIENCES BUILDING Total Total Gross Estimated Purposes Sq. Ft. Cost A. Materials Science Center 85,397 $3 ,627,621 Research Laboratories and Central Facilities B. Materials Science Center 20,117 441,909 Office, Seminar, etc. C. Shops 4,864 119,209 a. Part Subject to Special Use Charge ARPA Sub - 'total 110,378 $4 ,188,739 b. Other Part 5,907 169,197 D., Library 19,528 432,915 E. Other Physics Research 17,540 650,894 Laboratories F. Physics Offices 17,745 393,934 Ex. Com. 4/12/62 4273 Total Total Gross Estimated Purposes Sq. Ft. Cost G. Advanced Physics 23*838 $ 545,828 Teaching Laboratories H. Astronomy Instruction 3*868 99,200 and Offices I. Center for Radiophysics 15,872 399,359 and Space Research, Offices and Work Rooms Total 214,676 $6,880,066 The present plan for financing the major portion of the project as authorized by the Board of Trustees, is to borrow $8.0 million from the New York State Dormitory Authority to cover construction of the new building plus renovation of Rockefeller Hall, the latter presently estimated to cost $1.0 million in addition to the above total of $6,880,066. Construction of the Analytical Facility in Baker Laboratory basement, already authorized at $400,000, is fi nanced to the extent of $220,000 from funds in the ARPA con tract. The remaining $180,000 has been advanced temporarily from current fund balances. While it is not practical to fi nance this particular portion of the project through the Dormitory Authority due to complications of legal nature it is anticipated that sufficient funds will be available from other sources within the overall project. II. CONSTRUCTION SCHEDULE Architects, engineers and consultants have pro jected the following construction schedule for the project; Completion of plans - July 29, 1962 Plans submitted to bid - August 15* 1962 Bids received - October 2, 1962 Contract awarded - October 15, 1962 Building to be occupied - October 15* 1964 It will be necessary that funds for the total project be in hand or arranged for when contracts are awarded on October 15, 1962. It is expected that Cornell will execute the con struction contracts as agent for the Dormitory Authority. 4274 4/ 12/6 2 Ex. Com. III. THE ARPA CONTRACT The contract between the University and ARPA (Ad vanced Research Projects Agency of U. S. Department of De fense) establishing the Materials Science Center includes funds for "use allowance" or rent of space for that Center. These rental funds, when they become available, already are committed by Trustee action taken April 21, 1961 for use toward interest and amortization of the Dormitory Authority loan. The pertinent language in the basic ARPA contract reads as follows: (with reference to) "use allowance for use of . . . the new building constructed by the Contractor to be used in the performance of this contract . . . the annual allowable use charge shall be ten (10$) percent of the acquisition cost of the new building as de termined at the time the building is first utilized under this contract, exclusive of other costs now allowable under Part 3* Section XV, of the Armed Services Procurement Regulation, and shall be payable in monthly installments beginning on the first day of the month following the completion of the building and its utilization under this con tract. Such yearly charge shall be payable during the period of this contract and during any extensions thereof. Total payments under this use charge shall in no event exceed Pour Million ($4,000,000.00) Dollars. In consider ation of the above allowable use charge, the Contractor agrees that, during this contract and any extensions thereof, it will not charge for any depreciation, amortization, or use of such building under any other Government con tract or subcontract. It also agrees that, after the maximum sum of Pour Million ($4,000,000.00) Dollars has been paid as a use charge under this or any other Government contract, it shall not charge the Government any further amount for depreciation, amortiza tion, or use of such building." The original contract (SD-68) in the amount of $6.1 million and expiring June 30, 1964, has been extended by two annual renewals so as to amount to $10.4 million and to expire June 30, 1966. As so extended the contract now includes budgeted funds for space "use allowance" in the amount of $400,000 per year for the years beginning July 1 , 1964 and Ex. Com. 4/12/62 4275 July 1, 1965. As presently contemplated, the full $4 million in ARPA contribution toward cost of the new building will become an ARPA commitment only when the contract has been extended eight (8) more times - through June 30, 1974. The University will gain access to these rental funds on a monthly basis (l) beginning with actual occupation of the Physical Sciences building after July 1, 1964, and (2) on the basis of total cost of that portion of the new build ing occupied by the Materials Science Center as negotiated between the University and government auditors. With respect to cost negotiation ARPA's overall obligation toward cost of construction is subject to (l) a maximum dollar limitation of $4 million and (2) a maximum space limitation of 104,000 sq. ft. The space limitation is not written into the contract but did appear in the Univer sity's original proposal and has been treated by ARPA repre sentatives as a controlling limitation. TV. ANNUAL BOND SERVICE PAYMENTS R. W. Pressprich & Co. have prepared interest and amortization schedules, based on current market conditions, for an $8 million loan to be repaid over terms of 10 years, 15 years, 20 years and 35 years, respectively. The schedules provide for approximately level payment and provide that the first bonds mature eighteen (18) months from issue date. Using the assumed terms of years and assumed in terest rates the comparative average annual costs and total costs are as follows: Average Term Rate Annual Cost Total Cost 10 yrs. 3% $938,030 $ 9,500,300 15 yrs. 3.2$ 680,192 10,330,880 20 yrs. 3.3$ 552,823 11,188,460 35 yrs. 3.7$ 410,757 14,524,395 The impact of these fixed liability payments on unrestricted funds in the University's annual operating budget will depend not only on the term of years selected but also on the manner in which ARPA rent payments are applied toward liquidation of the payments. If ARPA rent is applied directly and wholly against payments due the Dormitory Authority impact of such payments on the budget will be eased greatly during the first ten (10) years while the rent payments are being received regularly. 4276 4/12/62 Ex. Com. However, the academic budget thereafter would suffer the im pact of the full bond servicing payments. If ARPA rent is credited to a sinking fund against which level assessments are charged throughout the life of the Dormitory Authority loan, the impact on the budget is greater in the early years but the annual cost is more stable over the full term of the loan. Furthermore, this method gives some hedge against the outside contingency that the ARPA rent payments might be canceled or interrupted in the course of the first ten years. Assuming the full $4 million in ARPA rent is re ceived over the first ten years, the impact on the budget when (A) the ARPA rent payments are applied directly to loan payments and (B) such payments are credited to a sinking fund, is estimated as follows: SOURCE OF ANNUAL BOND SERVICING CHARGE ARPA BUDGET Term 1 st 10 years After 1 st 10 years After 10 yrs. ( 1 $400,000 none $538,030 none ■Si 15 yrs. 1 1 400,000 none 280,192 $680,192 lei1 266,666 $266,666 413,526 413,526 20 yrs. 1 1 400,000 none 152.823 552.823 !b <1 200,000 2 0 0 , 0 0 0 352.823 352.823 35 yrs. 1 I 400,000 none 10,757 410,757 ’b «1 114,285 1 1 4 , 2 8 5 296,472 296,472 V. OTHER POTENTIAL SOURCES OF FUNDS The information set forth above is predicated on the assumption that construction of the new Physical Sciences Building and rehabilitation of Rockefeller Hall can be fi nanced only by a 100$ construction loan from the State Dormi tory Authority plus the further assumption that this loan would service as to principal and interest with funds from (a) ARPA rent payments and (b) the unrestricted academic budget of the University. There are other potential sources of funds which might materialize to reduce the initial loan necessary or to assist in meeting bond servicing payments. These sources are significant to this discussion not only because they may re duce the University's overall out-of-pocket cost but also Ex. Com. 4/12/ 62 4277 (and more importantly) because the method of loan financing selected may well affect the "salability" of the project to a donor or other source of support. Some such sources are: (a) The Physical Sciences Building is listed as a significant item in the Table of Needs for the Centennial Campaign. This factor alone substantially increases the probability of outside support for all or various parts of the project. (b) An application is now before NASA for sup port of the Radiophysics and Space Research Center - includ ing funds to be allocated to provision of space in the new building. No action has been taken on the application as yet by NASA. (c) An application for support of the Radio physics and Space Research Center in the amount of $750,000 is now before the National Science Foundation. Present in dications are that a grant of $250,000 will be received from this source. VI. SUMMARY OF TRUSTEE ACTIONS CONCERNING PHYSICS-ARPA PROJECT January 23, i960 - p. 3760 President Malott made a preliminary report to Board regarding negotiations with ARPA to establish the Materials Science Center. April 8, i960 - p. 3810 President Malott reported further regarding nego tiations with ARPA. June 12, i960 - p. 3842 Executive Committee authorized Administration to negotiate with ARPA on the basis of a four-year contract for $6.1 million including 100 per cent of new building to cost $3.6 million. June 13, i960 - p. 3855 Board of Trustees authorized Administration to con tract with ARPA for Materials Science Center on the basis of a four-year contract at $6.1 million subject to annual re newal with a three-year lead. Also authorized Administration to negotiate as part of contract, for a new building at $4 million, subject to 100 per cent reimbursement over a ten-year period beginning with time of occupation of the building. 4278 4/12/62 Ex. Com August l6, i960 - p . 3901 Executive Committee advanced $100,000 from 196O-61 current income for preliminary planning of Physics-ARPA build ing on the basis of space for both Materials Science Center and the Physics Department - to be reimbursed from project funds when financing is arranged. Also authorized retention of Fruchtbaum and Warner for planning. October 7, i960 - p. 3920 Board of Trustees heard review of newly established Materials Science Center by Provost Atwood. December 20, i960 - pp. 3960-61 Executive Committee, on recommendation of the In vestment Committee, authorized Administration to finance the construction of Materials Science Center from current fund balances, "pending reimbursement from ARPA contract funds." Reported to the Board of Trustees on January 27, 1961. April 20, 1961 - pp 4017-18 Executive Committee appropriated $100,000 as ad vance from current funds to finance further planning of the ARPA project. April 21, 1961 - pp. 4035-36 At this meeting of the Board of Trustees there was an extended discussion of the Executive Committee recommenda tion to expand the original $4 million ARPA project into an $8 million project to accommodate several academic depart ments. There was also a discussion of policy of borrowing funds for nonincome-producing facilities, changes in method of financing, and the effect on the Centennial Campaign. Voted (l) to expand ARPA project to become Physics- ARPA project accommodating several academic departments; (2) to finance entire project through a Dormitory Authority loan; (3) To commit ARPA contract payments (esti mated at $4 million over ten years) toward payment of inter est and amortization of any loan for the overall project; (4) to authorize the Administration to nego tiate with the Dormitory Authority for an $8 million loan. August 18, 1961 - pp. 4095-96 The Executive Committee voted: (1) to construct an Analytical Facility for the Materials Science Center in 11,000 sq. ft. of Baker Laboratory basement at a cost of $400,000 ($220,000 to come from ARPA funds); (2) to construct temporary space in Rocke feller Court at a cost of $70,000; (3) to appropriate $250,000 as an advance Ex. Com. 4/12/62 4279 from current funds for items (l) and (2) above* subject to reimbursement from project funds. The Executive Committee also voted: (1) to retain Hawkins, Delafield and Wood as bond counsel and to perform other appropriate legal services in connection with the Dormitory Authority loan for the Physics-ARPA project; (2) to retain R. W. Pressprich & Co. as fiscal counsel for this project. October 12, 1961 - p 41,33 Executive Committee voted to award contract and establish budget for the Analytical Facility in Baker base ment within funds made available August 18, 1961. December 15, 1961 - p. 4179 Executive Committee voted to authorize the Adminis tration to proceed with development of working drawings for the Physics-ARPA project under supervision of the Buildings and Properties Committee. January 19, 1962 - p 42l6 Executive Committee voted to defer action authoriz ing agreement with the Dormitory Authority for loan of not to exceed $8.5 million to finance the Physics-ARPA project - pending the outcome of further study of the Dormitory Authority bond issue for dormitory construction. January 27, 1962 - pp. 4238-39 The Board of Trustees voted to authorize the Admin istration to negotiate and execute a contract with the Dormi tory Authority (subject to approval of language by President Malott in consultation with the Chairman of the Board of Trustees and the Chairman of the Executive Committee) and in cluding the following: (1) The Dormitory Authority will provide not to exceed $8.5 million for construction of the Physics-ARPA project. (2 ) Cornell will convey the project site land to the Dormitory Authority by warranty deed and subject to right of reversion on payment of the bonds. (3 ) The Dormitory Authority will issue reve nue bonds as its obligation, secured by rentals under a lease from Cornell. Cornell will pledge space use payments under the ARPA contract, together with amounts of its unrestricted general funds, as necessary to pay rentals and building oper ating costs. Cornell will agree that ARPA space use payments will be free of all liens whatsoever other than those result ing from the lease. (4) Planning and construction will be carried out by Cornell as agent for the Dormitory Authority. (5 ) The Dormitory Authority will lease the 4280 4/12/62 Ex. Com. project buildings to Cornell at a rent sufficient to pay principal, interest, and redemption premiums on outstanding bonds plus a modest administrative fee to the Authority, with the University paying all operating and maintenance costs for the facilities. Ex. Com. 4/12/62 4281 APPENDIX II TABLE OF NEEDS (Revised April, 1962) 1* For Excellence in Cornell Education a Facilities: Architecture $ 170,000 Arts and Sciences 4.915.000 Engineering (Gross)* 1 500.000 Law .615,000 Central Libraries 1,900,000 (Gross)* $9,100,000 Faculty salary support: Endowed Chairs 15,000,000 (30 i $500,000) (Gross)* Graduate Teaching 7 ,000,000 Fellowships (140 £ $50,000) 22,000,000 c. School of Education 2 ,500,000 d. Endowed Book Funds 3,250,000 e. Faculty Research Funds 1,000,000 $37,850,000 2. Areas of New Distinction a. Society for the Humanities at Cornell 2,500,000 b. Program in Molecular Biology 4.000.000 c. Center for International Studies 1.000.000 d. Physics and Materials Science Center (Gross)* 8 ,000,000 e. Studies in Biological Sciences 1,000,000 16,500,000 4282 4/12/62 Ex. Com. 3. Campus Life a. Housing: Living and Dining $2,500,000 Facilities (immediate need, net) Living and Dining 1,000,000 Fa cilitie s (second phase, net) ______$3 *500,000 b. Student Services: Freshman Center 1,500,000 Graduate Center 350,000 Willard Straight Hall 1,000,000 Cornell United 1,250,000 Religious Work Physical Education 2,000,000 and A t h l e t i c s _6,100,000 $ 9*600,000 4. Student Aid a. Undergraduate Scholarships 2,050,000 b. Graduate Fellowships (Gross)* 2,000,000 c. Loan Funds (Gross)* 1,200,000 5*250,000 5. Expendable Funds 4,000,000 Total Needs $73*200,000 *These figures include the following foundation, individual and government grants, some parts of which require matching by Cornell. Ford Foundation Grant for Engineering: a. Endowed Chairs $2,200,000 b. Loan Funds for 250,000 Graduate Students c. Fellowships 500,000 d. Nuclear Reactor 750,000 $3,700,000 A.R.P.A. 4,000,000 Total Funds C o m m i t t e d ______7 ,700,000 Net Total Needs $65*500,000 4283 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES BOARD OF TRUSTEES Meeting held April 13-14* 1962, Board Room, Edmund Ezra Day Hall, Ithaca, N. Y PRESENT: Acting Chairman Cisler, President Malott, Trustees Catherwood, Collyer, Columbus, Donlon, Flanigan, Hollander, Hollister, Kiplinger, Levis (April 13 only), Luckey, Mackay, Martinez, McMaster, Milliman, Mitchell, Newbury, Jansen Noyes, Jr., Spencer T. Olin, Personius, Rhodes, Rogers, Scheetz, Schlesinger, Severinghaus, Syme, Wickham, Widger, Wimsatt, Wood; Trustees Emeritus Noyes and Upson. Provost Atwood, Vice Presidents Burton, Summerskill, and Zwingle, Treasurer Durland, Controller Peterson, Budget Director McKeegan, and Secretary Stamp. ABSENT: Trustees Wilson, Carlino, Allen, McHugh, Peer, Dean, Grumman, Hanover, Johnson, Knight, Littlewood, John M. Olin, Purcell, Sullivan, and Tuttle. Acting Chairman Cisler called the meeting to order on April 13 at 10:00 a.m. 1. TRUSTEE DONALD McMASTER: Chairman Cisler intro duced Trustee Donald McMaster, who was attending his first meeting as a trustee appointed by the Governor. 2. APPROVAL OF MINUTES: a. Voted to approve the minutes of the Board of Trustees meeting held January 26-27* 19^2, as previously distributed. 4284 4/13-14/62 Board b # Voted to ratify and confirm minutes of the Execu tive Committee meetings held January 19 and January 26, 1962, as previously distributed. 3. IBM PROFESSORSHIP IN ENGINEERING AND APPLIED MATHE MATICS: President Malott reported the establishment of the IBM Professorship in Engineering and Applied Mathematics, endowed at $500,000 by an unrestricted gift of $300,000 from International Business Machines Corporation together with the allocation of $200,000 from the Ford Foundation Engineering Professorship Fund. Upon motion it was voted to record this Board's sense of appreciation to the International Business Machines Corporation for the unrestricted gift making possible the establishment of this professorship, and particularly for the leadership thus demonstrated in the matter of giving unre stricted corporate support to higher education. 4. REPORT BY PRESIDENT MALOTT ON THE STATE OF THE UNIVERSITY: a. Changing Nature of the American University - The President noted that the nature of the university in America is changing rapidly, due to the impact of various social, economic, and political forces. The earlier con cept of a university as a leisurely institution set apart from the world of affairs has given way to the present-day concept of a university which responds rapidly and in many directions to pressures from the outside. Government encroaches upon the university by making funds available for all sorts of purposes - with the indirect result that the university becomes more apt to serve the policies of government. Likewise, foundations influence the development of the universities f programs by their substan tial grants in support of various projects. Attitudes on the part of the faculty are changing. In addition to his loyalties to the institution, the professor now has developed a loyalty to his profession through member ship in national professional societies. Likewise, in the natural and applied sciences, the faculty member has devel oped a sort of loyalty to physical facilities in that he has developed a tendency to join that institution having the finest equipment with which to work. The student body has responded to these changes by showing evidence of being more aggressive and more concerned about affairs off the campus. In addition to individual student participation in social and political movements, Board 4/13-14/62 4285 campus music and dramatic groups are touring foreign coun tries - usually with the full cooperation and often the sup port of the Federal Government. b. Coming Events at Cornell - The President noted some major events to take place on campus this summer, in cluding the Xlllth International Ornithological Congress, the Xth International Congress on the History of Science, and the Land Grant Centennial Convocation. c * The Building Program - The President reported that Helen Newman Hall [women’s sports building) is presently under construction. Bids are expected shortly for the con struction of Hughes Hall (Law School dormitory), and for the proposed building to house the Graduate School of Business and Public Administration. Now that the School of Industrial and Labor Relations has occupied its permanent quarters, it is possible to demolish the temporary buildings located on what is now the Engineering College quadrangle. d. The University Plane - The President reported that while operation of the University's own airplane was un questionably expensive, its use was making it possible to bring a series of distinguished visitors to the campus. Also, use of the plane was assisting the Trustees, Administration, and Faculty in overcoming difficulties of the University's comparative geographic isolation. The plane's load factor is increasing. e. Admissions - The President reported that the number of applications being received is increasing, but at a moderate rate - 9,276 applications for admission having been received as of April 1, 1962, as compared with 8,985 applica tions at the same time the previous year. He noted that the biggest problem in admissions at present is in the College of Arts and Sciences, where some difficulty is being experienced in finding a basis broader than secondary school scholastic performance for evaluating applicants. f . University Calendar - The President reported that the University Faculty is undertaking a serious recon sideration of the University's academic calendar, directed toward the objective of accomplishing greater use of the University's facilities and greater use of the students' available time. g. Community Relations - The President noted that urban renewal is a subject of very considerable discussion in the Ithaca community at the present time. Sooner or later the University will be called upon to take a position with respect to such a program for the improvement of the com munity . 4286 4/13-14/62 Board 5. SOURCES OF UNIVERSITY INCOME: In response to ques tions raised at the January meeting, Budget Director McKeegan submitted a report showing projected sources of the Univer sity’s income for the fiscal year 1962-63. Including all of the University’s components (Ithaca campus, Geneva Experiment Station, Medical College, Nursing School, and Aeronautical Laboratory), these sources of income are summarized as fol lows : Percentage Source Amount of Total Students $18,942,220 19.2$ Endowment Income 4,038,961 4.1$ Gifts 6,655,500 6 .8$ United States Government 30,562,930 31-0$ New York State Appropriations 18,265,615 18.6$ All Other 20,019.054 20.3$ Total $ 98,484,250 100.0$ 6 . REPORTS AND RECOMMENDATIONS FROM THE EXECUTIVE COM MITTEE: Reports and recommendations from the Executive Com mittee meetings held March 16 and April 12, 1962, were pre sented by Vice Chairman Donlon, upon which actions were taken as noted below: a. Site Selection for Zoology and School of Educa tion Buildings - Vice Chairman Donlon reported that the Execu tive Committee had authorized the Administration to retain Charles H. Warner, Jr. as architect to perform a site feasi bility study for proposed buildings to house the Department of Zoology and the School of Education. Given Foundation Gift - Reported that the Uni versity had received from the Given Foundation on January 26, 1962, 14,500 shares of H. J. Heinz Company common stock to gether with $73,812.50 in adjusting cash, or a combined total of $1 million computed at market value on the date of trans fer. Pursuant to the terms of a gift arrangement previously authorized by the Executive Committee, the proceeds of this gift contemplate endowment of a professorship in Engineering ($300,000), a professorship in the Humanities ($500,000), and a Book Fund ($200,000). c . Given Foundation Professorship in Engineering - Reported that the Executive Committee had established the Board 4/13-14/62 4287 Given Foundation Professorship in Engineering with an ultimate endowment of $500,000 to be made up of $300,000 from the Given Foundation gift and $200,000 from the Ford Foundation Engi neering Professorship Fund. It was reported further that the Committee had appointed William H. Sears, Professor and Di rector of the Graduate School of Aerospace (formerly Aero nautical) Engineering, to be the first Given Foundation Pro fessor of Engineering, effective July 1, 1962. d. IBM Professorship in Engineering and Applied Mathematics - As reported previously by President Malott, Vice Chairman Donlon noted that the Executive Committee had established the IBM Professorship in Engineering and Applied Mathematics with an endowment of $500,000, and had appointed Henry G. Booker, Professor and Director of the School of Elec trical Engineering, to this professorship, effective July 1, 1962. e • College and School Advisory Councils - Upon recommendation of the Executive Committee, it was voted to re scind existing legislation pertaining to the establishment and membership of college and school advisory councils, and to enact in lieu thereof a single enabling provision for such councils to provide as follows (effective July 1, 1962): (1) Pursuant to Article XXII of the University bylaws the following college and school advisory councils are created: 1. Council for the College of Arts and Sciences 2. Council for the Graduate School of Business and Public Administration 3. Council for the College of Engineering 4. Council for the Law School 5. Council for the New York State College of Agri culture and the Agricultural Experiment Stations 6 . Council for the New York State College of Home Economics 7. Council for the New York S'cate Veterinary College 8 . Council for the New York State School of Industrial and Labor Relations (2) Membership - Each of these councils shall consist of at least five (3 T but not more than twenty-five (25) members at large elected by the Board of Trustees on recommendation of the President and for terms of one year each. Chairman - A chairman shall be designated by the President from among the members so elected. 4288 4 / 1 3 -lV 62 Board (3 ) Duties - Each Advisory Council shall famil iarize itself with the programs, strengths and needs of the particular college, school or other academic division through regular meetings with staff of the division and the University Administration and with other appropriate consultants from time to time. It shall advise with the Dean and/or the Pres ident concerning its recommendations. (^) Report - Each Advisory Council shall set down its findings concerning the well being of its particular academic division and its recommendations with respect there to in a report to be filed with the Board of Trustees of the University at least annually. (5 ) Additional Councils - Additional Advisory Councils may be constituted in accordance with this legisla tion by action of the Board from time to time. f . Graduate School of Aerospace Engineering - Re ported that the Committee had approved a faculty request to change the name of the Graduate School of Aeronautical Engi neering to "Graduate School of Aerospace Engineering," to re flect changes in the School's program in response to changing interests and problems of those concerned with the engineer ing of flight. g. Construction Bids Authorized - Reported that the Committee had authorized the Administration to take bids for the construction of Hughes Hall Law School Dormitory and the new building for the Graduate School of Business and Pub lic Administration (including the Sloan Institute of Hospital Administration), both from lists of bidders and on the basis of final plans approved by the Buildings and Properties Com mittee . h. New Campus Store - Reported that the Committee had approved a site behind Olin Hall of Chemical Engineering and fronting on Sage Place, as the location for the proposed new Campus Store. (President Malott noted that the Adminis tration was reviewing this matter further in the light of ad ditional information recently received, and might submit alternative recommendations at a future meeting.) i . Interest Rate on Investment Funds for 1961-62 - Reported that the Committee had approved a recommendation from the Investment Committee that interest be credited to funds participating In the University's investment pool for the fiscal year 1961-62 as follows: (l) Endowment funds and funds functioning as endowment funds be credited with income at 5-1/2 per cent. Board 4/13-14/62 4289 (2 ) Non-endowment funds and current funds, ex cluding the Income Stabilization Reserve, be credited with income at 3 per cent. j . Current Budget Report for the Fiscal Year 1961- _o2 to Date - At Vice Chairman Donlon's request, Budget Direct or McKeegan reviewed the current budget report to April 12, 1962, showing an estimated current budget surplus for the En dowed Colleges at Ithaca in the amount of $323,065, and an estimated current budget surplus for the Medical College in the amount of $120,570. It was noted that the more favorable budget report was due largely to (l) income from increased endowment principal and (2) establishment of the credited rate for endowment fund income at 5-1/2 per cent. k. Revised Centennial Campaign Table of Needs - Vice Chairman Donlon reported that, pursuant to authority granted by the Board of Trustees at the June, 1961, meeting, the Executive Committee had increased the Table of Needs for the Centennial Fund Campaign to provide a new building for Zoology ($3,300,000), a new wing on Baker Laboratory to ac commodate work in Molecular Biology ($4,000,000), and had de creased the items for renovation of Goldwin Smith Hall and Stimson Hall as a consequence of having the two new build ings - with a net increase in the total Table of Needs from $69,085,000 to $73,200,000. It was reported further that with these changes the Table of Needs for the Centennial Fund Campaign is established as final. 1. Medical College Property Purchase - Reported that the Executive Committee had authorized the Administra tion to purchase property located at 1298-1300 First Avenue, New York City, at a price of $425,000 (payable from the Payne Whitney Fund;, for the future development of the Medical College. m * Cornell Aeronautical Laboratory, Inc. - Report ed that the Executive Committee had asked the Administration to review the bylaws of the Cornell Aeronautical Laboratory, Inc., in consultation with Trustee Scheetz - with a view toward coordinating the Laboratory's corporate affairs more closely with the University’s activities. RECESS: The meeting was recessed at 12:30 p.m., to be re convened the following day, April 14, at 9*30 a.m. 4290 4/13-14/62 Board The meeting was reconvened by Acting Chairman Cis ler at 9:30 a.m. on Saturday, April 14. 6 . REPORTS FROM EXECUTIVE COMMITTEE (continued): n. Supplemental Appropriations - Vice Chairman Donlon reported additional supplemental appropriations from 1961-62 current income since the January Board meeting in the total amount of $126,100 for the Endowed Colleges at Ithaca, and $20,000 for the Medical College. o. Physics-ARPA Construction Project Report - Vice Chairman Donlon reviewed the trustee actions taken since Janu ary, i960, in conjunction with the project to construct new facilities for the Physics Department and for the Materials Science Center at a projected cost of $8,500,000. She re ferred to the action taken at the January, 19^2, Board meet ing, authorizing the Administration to negotiate and execute a loan agreement with the State Dormitory Authority to fi nance this project, subject to approval of language by Pres ident Malott in consultation with the Chairman of the Board and the Chairman of the Executive Committee. Because Chairman Dean had been called to Geneva, Switzerland, for an indefinite period and thus would be un available for consultation, he requested the Administration to prepare for the Executive Committee a detailed report set ting forth the status of the Physics-ARPA construction proj ect, with particular emphasis on the impact of future financ ing costs on the academic budget of the University. Such a report had been prepared and was given detailed study by the Executive Committee at its meeting on April 12. Vice Chairman Donlon reviewed the report and noted that copies were available to any trustees who might desire them. She noted that financing costs for the project might result in charges against the academic budget ranging from $296,000 to $680,000 per year, depending upon the length of term for which bonds were issued, and other variable factors. She emphasized that the University was not yet committed to a particular financing scheme and that portions of the construc tion project could be withdrawn from the loan arrangement if it were found possible to finance them through gifts or through funds from other sources. Voted, after a full discussion, to amend item 23 in the minutes of the January Board meeting, wherein authority was granted to the Administration to negotiate and execute a loan agreement with the State Dormitory Authority, so as to provide that such authority shall be subject to approval of Board 4/13-14/62 4291 language by the President in consultation with such trustee or trustees as the Executive Committee may designate. p . Central Chilled Water Plant - Vice Chairman Donlon reported that the Executive Committee had authorized the advance of $800*000 from the University's investment pool* to finance the construction of a proposed central chilled water plant to permit substantial operating economies in pro viding air conditioning for the Physics-ARPA building complex and other new campus buildings. The advance from investment funds is to be subject to repayment in twenty years* commenc ing when the plant is completed in 1964* with interest on out standing balances at 5-1/2 per cent - such interest and amor tization payments to be charged to the utility section of the academic budget. 7. MR. THOMAS STEPHENS: Chairman Cisler presented to the Board of Trustees as assembled in meeting* Mr. Thomas Stephens* portrait artist* several of whose portraits had been exhibited at a reception the previous evening. On motion* it was voted to record the Board's sin cere appreciation to Mr. Stephens for his dedication in using his great artistic talent to portray so vividly a number of trustees and faculty members who are very dear to the Univer sity community. 8 . APPRECIATION TO GIVEN FOUNDATION: On motion it was voted to record the sense of sincere gratitude of the Board of Trustees of Cornell University to the trustees of The Irene Heinz Given and John La Porte Given Foundation* Inc. for contributing so generously to Cornell University by the establishment of three significant funds in honor of John La Porte Given* Class of 1896. 9 . NEWMAN PORTRAITS: Voted to express to Mr. Floyd R. Newman* generous benefactor and former trustee of the Univer sity* the Board's sincere appreciation fdr his having pro vided the University with portraits of himself and Mrs. Newman. 10. APPRECIATION TO SCHOOL OF INDUSTRIAL AND LABOR RE LATIONS: Voted to express to Dean McConnell and the staff of the School of Industrial and Labor Relations the sincere appreciation of the Board of Trustees for the instructive program and tour of the School's new facilities which had been presented to Board members the previous afternoon. 4292 4/13-14/62 Board 11. REPORT BY VICE PRESIDENT ZWINGLE: a. Vice President Zwingle presented a report of gifts to the University for the fiscal year 1961-62 through March* as follows: TOTAL REC fD TOTAL REC'D THROUGH THROUGH MARCH 1962 MARCH 1961 COLLEGES AT ITHACA 1 . For Current Operations Total Unrestricted Gifts $ 863*503.18 $ 849,289.32 Total Restricted Gifts 1 ,194,087.69 1,061,026.37 TOTAL GIFTS 2 ,057,590.87 1,910,315.b9 2. For Capital Funds Endowments 3,241,837.04 1,500,690.69 Construction and Equipment 562,831.33 1,071,907.49 Miscellaneous (Expendable) 166,506.82 126,057.88 TOTAL 3,971,175.19 2 ,b98,65b.o6 3. Research Grants Endowed Colleges 582,514.04 722.494.42 State Colleges 503,942.60 612.668.42 TOTAL 1,08b,45b . 65 1,335,162.84 4. Loan Funds 12,150.00 20,489.63 5. Gifts in Kind 115,251.03 156,265.45 6 . Funds Subject to Life Income! 143,838.09 235,108.81 7. TOTAL FUNDS TO COLLEGES AT ITHACA 7,386,461.82 6,355,998.48 MEDICAL COLLEGE AT NEW YORK 1 . For Current Operations 234,619.57 243,498.19 2 . Research Grants 1,135,833.58 1,097,939.22 3. Capital Funds 606,240.15 505,067.23 4. TOTAL FUNDS TO MEDICAL COLLEGE 1,976,693.30 1,846,504.64 GRAND TOTAL GIFTS AND GRANTS TO CORNELL $9,363,155.12 $8,202,503.12 k* Other Matters - Mr. Zwingle reported that a centennial history of the University as written by Professor Emeritus Morris Bishop is nearly ready for distribution. Board 4/13-14/62 4293 He also reported concerning a new project whereby thirty members of the faculty from the College of Arts and Sciences and from the College of Engineering have visited groups of secondary school students who have been accepted for admission to the University. The purpose of these visit ations is to add to the prospective students' knowledge of the University* in the hope of reducing the number of students who apply to Cornell* are accepted here* but ultimately at tend college elsewhere. 12. REPORT BY CHAIRMAN OF CORNELL FUND: Trustee New bury* as Chairman of the Cornell Fund* reported concerning progress of the unrestricted Alumni Annual Giving program - noting that with the exception of one large single gift* the campaign this year is running behind that of one year ago. He noted that a substantial number of alumni are giving far below their potential. Trustee Newbury reported that a group to be desig nated the "Tower Club" had been formulated tentatively to consist of regular donors of $1*000 or more per year. He noted that there is no substitute for enthusiasm in a fund raising campaign and that the establishment of such a prestige group should not be undertaken unless there is widespread and enthusiastic support* especially among trustees of the Univer sity* for such an effort. After receiving assurances of sup port* and assurances that there was no conflict between the establishment of such a group and the Centennial Campaign* Trustee Newbury agreed to proceed with establishment of the Tower Club* acting as its initial chairman. 13. CENTENNIAL CAMPAIGN COMMITTEE REPORT: Trustee Jansen Noyes* Jr.* as Chairman of the Centennial Campaign Committee* reported concerning progress in getting the Centen nial Campaign under way. He noted that a great majority of the Board of Trustees had made advance pledges to the cam paign in the amount of nearly $3 million. These gifts* to gether with other major advance gifts in the total amount of over $10 million* give a nucleus fund of some $13 million for the campaign. Trustee Noyes discussed further the general plan of organization for the campaign* and the matter of when the campaign will be announced. 14. MEDICAL CENTER FUND-RAISING CAMPAIGN: At the Chairman's request* Trustee Luckey reported concerning pro gress with the capital fund-raising campaign for the Medical Center. He noted some of the problems which had appeared 4294 4/13-14/62 Board early in the campaign* and the steps which have been taken to correct them. 15. AUTHORITY TO CONFER DEGREES: Voted to authorize the President to confer degrees on June 6* 1962* at the joint Commencement of the Cornell University Medical College and the Cornell University-New York Hospital School of Nursing* as well as in June and September* 1962* on the Ithaca campus* in accordance with the recommendations of the respective faculties* upon candidates who have fulfilled all necessary requirements. 16. EX OFFICIO MEMBERSHIPS IN UNIVERSITY FACULTY: Vot ed to approve a recommendation from the University Faculty that the Dean of Students and the Secretary of the University be made ex officio members of the University Faculty. 17. REPORTED FOR INFORMATION: a. Faculty Death JAMES CAMPBELL* Professor of Industrial and Labor Relations* March 8* 1962. b. Faculty Resignations RICHARD C. BRADLEY* Associate Professor of Physics* College of Arts and Sciences* effective June 30* 1962. GORDON R. CUNNINGHAM* Associate Professor of Conservation* College of Agriculture* effective October 1* 1962. HENRY ELDER* Professor of Architecture* College of Architecture* effective June 1 * 1962. 18. APPOINTMENTS OF PROFESSORS EMERITUS: Voted to elect the following named persons to emeritus status* effective July 1* 1962: WILLIAM C. ANDRAE* Professor Emeritus of Mechanical Engineering. MICHEL G* MALTI, Professor Emeritus of Electrical Engineering. Board 4/13.14/62 4295 19. ELECTION BY BALLOT OP PROFESSORS AND ASSOCIATE PRO FESSORS: The following named persons were elected by ballot* and with indefinite tenure* to the positions specified in the respective colleges and schools (all effective July 1* 1962): a * College of Arts and Sciences GEORGE WILLIAM SKINNER was promoted to Professor of Anthropology. OTTO JOLLE MATTHIJS JOLLES was elected Professor of German Literature. ROBERT M. COTTS was promoted to Associate Professor of Physics. PETER CEDRIC STEIN was promoted to Asso ciate Professor of Physics. k • College of Engineering BENGT BALTZAR BROMS was elected Associate Professor of Civil Engineering. c . Medical College Dr. WILLIAM F. SCHERER was elected Pro fessor and Chairman of the Department of Microbiology and Immunology. d. College of Agriculture BENNETT AVERY DOMINICK* Jr. was promoted to Professor of Marketing. BERNARD FREELAND STANTON was promoted to Professor of Farm Management. HOLLIS REXFORD DAVIS was promoted to Associate Professor of Agricultural Engineering. RONALD BAY FURRY was promoted to Asso ciate Professor of Agricultural Engineering. ROBERT LAWRENCE LaBELLE was promoted to Associate Professor of Food Science and Technology. KEITH HARTLEY STEINKRAUS was promoted to Professor of Bacteriology. WILLARD FRANCIS CROSIER was promoted to Professor of Seed Investigations. 4296 4/13-14/62 Board BERNARD EMIL DETHIER was promoted to Asso ciate Professor of Agricultural Climatology. EARL LEWIS STONE was promoted to Charles Lathrop Pack Professor of Forest Soils. WARREN FORREST BRANNON was promoted to Associate Professor of Animal Husbandry. DENNIS AUGUST HARTMAN was promoted to Asso ciate Professor of Animal Husbandry. WILSON GIDEON POND was promoted to Asso ciate Professor of Animal Husbandry. JAMES RAY STOUFFER was promoted to Asso ciate Professor of Animal Husbandry. JOHN PELEG BARLOW was promoted to Associate Professor of Oceanography. RUSSELL EARL MacDONALD was promoted to Associate Professor of Bacteriology. THOMAS EISNER was promoted to Associate Professor of Morphology and Biology. JAMES WILLIAM LONGEST was promoted to Associate Professor in Extension Service. WALLACE EDWIN WASHBON was promoted to Associate Professor and Associate State Leader of County Agricultural Agents. JAMES WILLIAM BOODLEY was promoted to Associate Professor of Floriculture and Ornamental Horticul ture . ORVIS FRANKLIN JOHNDREW, Jr. was promoted to Associate Professor of Poultry Husbandry. CHARLES EVANS OSTRANDER was promoted to Associate Professor of Poultry Husbandry. ROBERT HUGH ENNIS was promoted to Asso ciate Professor of Secondary Education. DONALD JAMES McCARTY was elected Associate Professor in Educational Administration. e • College of Home Economics HAROLD FELDMAN was promoted to Professor Board 4/13 -14/62 4297 of Child Development and Family Relationships. MARY ALICE MORRISON was promoted to Asso ciate Professor of Food and Nutrition. ALICE MARGARET BURGOIN was promoted to Professor of Institution Management. HAZEL E. REED was promoted to Professor in Home Economics Extension. 20. REPORT ON PRESIDENTIAL SELECTION: Trustee Severing- haus reported in behalf of the Executive Committee with re spect to progress being made in the matter of selecting a new president of the University. He reviewed the procedures and organization being used by the Executive Committee, not ing that 144 persons had been nominated to date. Of these, 39 nominations had come in from the Faculty Committee on Presidential Selection after very careful scrutiny by that committee. Forty-one nominations had come in from the Alumni Committee on Presidential Selection. Trustee Severinghaus reported that the Executive Committee was working in close harmony with the faculty and alumni groups* that the list of 144 nominees had been re duced tentatively to 6l, and that a further progress report would be made at the June meeting of the Board. RECESS: The Board recessed at 12:00 noon* to reconvene at Statler Inn following lunch* at which time Governor Rockefel ler would be present and join the meeting as a member of the Board of Trustees. The meeting was reconvened by Chairman Cisler at 1:45 p.m. at Statler Inn. Present were all Trustees attend ing the morning session* together with Governor Rockefeller. 21. REPORT BY PRESIDENT MALOTT: At the request of Chairman Cisler* President Malott reported concerning the re lationships between Cornell University and the State of New York in providing higher education for the people of the State. He noted that Ezra Cornell had assisted in the formu- 4298 4/13-14/62 Board lation of the Morrill Land Grant Act, and that he had greatly implemented the benefits of the Morrill Land Grant to New York State for the benefit of Cornell University, as the State’s designated land grant college. The President also reviewed the financial support which the State has given to the University over the years, noting that if the annual State appropriations were capitalized, Cornell University would have the largest endowment of any University in the Country. 22. REMARKS BY GOVERNOR ROCKEFELLER: Chairman Cisler introduced Governor Rockefeller, who spoke concerning the re quirements for higher education facilities in New York State* and how these facilities can be made available. He noted that 60 per cent of the facilities for higher education in this State are in the hands of private institutions, whereas in California, for example, only 20 per cent of such facili ties are in private hands. The Governor noted that the challenge which faces New York State is one of how the State and the private in stitutions can cooperate so as to assure a college opportuni ty for all students having the desire and the ability to acquire such an education. He expressed great admiration for Cornell's emphasis on excellence in education* but posed a challenge to the Trustees that the University do its utmost to assist that large number of students in the State who want but are not receiving a college education at the present time. ADJOURNMENT: On motion the meeting was adjourned at 2:10 p.m. Neal R. Stamp Secretary 4299 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE Meeting held Friday* May 18* 1962* 9^30 a.m.* Faculty Room* Cornell University Med ical College* New York City PRESENT: Chairman Cisler, Trustees Donlon* Levis* Littlewood* Malott* Scheetz* Severinghaus* and Syme; Trustee Emeritus Upson (for executive session only). Provost Atwood* Vice Presidents Burton* Summerskill* and Zwingle* Controller Peter son* Budget Director McKeegan* Counsel Meigs* and Secretary Stamp. By invitation* Mr. Kersting* of Kersting* Brown & Co. (for discussion of Item #28 only). ABSENT: Trustee Dean. Trustee Cisler called the meeting to order in ex ecutive session at 9 :30 a.m. The following actions from the executive session were reported to the Secretary for the record. A. NAMING UNDERGRADUATE LIBRARY: Voted to recommend to the Board of Trustees that (l) the rehabilitated under graduate library building be named Uris Undergraduate Library in honor of Mr. Harold L. Uris (Class of 1925) and his brother* Mr. Percy Uris* and in view of their gift of 40*000- 50*000 shares of Uris Buildings Corporation stock as evidenced by letter of gift dated April 30* 1962 - the gift being in tended to approximate the presently unpledged cost of reha bilitating the building; (2 ) the stone plaque memorializing Jennie McGraw Fiske remain in place on the entry porch of the Undergraduate Library; (3 ) appropriate lettering be placed on the outside of the building to commemorate the new gift* in accordance with wishes of the donors; (4) the reading room of 4300 5/18/62 Ex. Com. the Undergraduate Library named the "Arthur H. Dean Reading Room" in honor of Mr. Dean, Chairman of the Board of Trustees and substantial donor to the rehabilitation program; (5) the bell tower be named the "McGraw Tower." B. JUNE BOARD MEETING: Voted to set back the hour for convening the Commencement meeting of the Board of Trustees on June 11, 1962, from 10:00 a.m. to 12:30 p.m., or immediately following luncheon (to be served in the Board meeting room). C„ LEWIS H. DURLAND FUND: Voted to accept with appre ciation a gift from Treasurer Durland to establish the "Lewis H. Durland Fund" (classified F) to be separately invested, and the income and/or principal to be used for such Univer sity purpose as may be recommended by Mr. Durland and approved by the Executive Committee. The meeting was reconvened in regular session at 11:15 a.m. 1. APPROVAL OF MINUTES: Voted to approve the minutes of the Executive Committee meeting held April 12, 1962, as previously distributed. 2. SUPPLEMENTAL APPROPRIATION FOR TELEPHONE SERVICE: Voted to appropriate $23,500 from 1961-62 current income to cover the anticipated deficiency in the budget item for tele phone services in the Endowed Colleges, in connection with the change-over to a direct dial system. 3 . APPROPRIATION FOR DIVISION OF MODERN LANGUAGES: Voted to appropriate $36,000 from 1962-63 current income to supplement funds available to the Division of Modern Lan guages, in the College of Arts and Sciences, for instruction al salaries. 4. REVISION OF 1962-63 SUMMER SESSION BUDGET: Voted to revise the budget for the 1962-63 Summer Session by in creasing total estimated expenses in the amount of $25,000, to $137,764, and increasing total estimated income in the amount of $25,000, to $167,764. Ex. Com. 5/ 18/62 4301 5. CURRENT BUDGET REPORT FOR THE YEAR 1961-62 TO DATE: Budget Director McKeegan presented a budget report (unre stricted funds only) for the current fiscal year to date as follows: a . Endowed Colleges at Ithaca Original Budget: Estimated Income $16,985,000 Estimated Expense y j 543 335 Estimated Deficit (558^ 335) Additional Appropriations: Previously Reported 433,600 Ex. Com. 5/18/62 23,500 457,100 Net Increase in Income over Original Estimate: Previously Reported 1,215,000 Appropriations Lapsed 11/1/61 100,000 1,315,000 857,900 Estimated Excess of Income over Expenditures 299,565 ******************************* b . Medical College at New York Original Budget: Estimated Income $ 2,506,378 Estimated Expense 2,555,808 Estimated Deficit (49*430) Additional Appropriations: Previously Reported 20,000 Net Increase in Income over Original Estimate: Previously Reported 134,000 Appropriations Lapsed ll/l/6l 56,000 190,000 170,000 Estimated Excess of Income over Expenditures 120,570 ******************************* c . Position of University 1s General Reserve founded) as of May l8, I962 Total of Reserve $1*307*403.13 ******************************** 4302 5/18/62 Ex. Com. d. Position of Unrestricted Gifts as of April 30, 1962 1. Estimated Net Unrestricted Gifts in Academic Budget $ 971*466 2. Appropriations for Expenses in Academic Budget: University Development 247,994- Alumni Secretary 106,940 University Council 8,600 363,534 3. Estimated Gross Unrestricted Gifts 1,335*000 4. Gifts Applicable to Line 3: Alumni Annual Giving 595*803 Parents Program 31*581 Corporate Program 251,876 Miscellaneous 50* 575 929* 835 5. Balance Needed to Equal Estimated Income $ 405*165 ******************************** Balance Receipts Goal Receipts Needed Last Year for to to Reach to Date 1961-62 4/30/62 Goal $545,464 Alumni Annual Giving $ 850,000 $595,803 $ 254,197 25,781 Parents Program 35*000 31,581 3*419 249,809 Corporate Program 425*000 251,876 173,124 35,400 Miscellaneous 25,000 50,575 (25,575) $856,454 $1,335*000 $929,835 $ 405,165 ******************************** e • Position of University Development Funa as of April 30” 1952 1 . Uncommitted Balance - Previously Reported $56,529-65 2. Proposed Additions: Estates of: G. W. Bacon 1,085.64 E. M. Chamot 796.35 1,881.91 3. Balance in Fund - Uncommitted $58,411.64 ******************************** Ex. Com. 5/18/62 4303 o. REPORT ON CURRENT FUND ADVANCES: Voted, in connec- ion with a review of advances from current fund balances as emporary financing for various construction and other capi- tai programs, to request the Administration to submit a re- port as to the amount of income which is lost to the academic budget because of such advances from current fund balances. 7. APPROPRIATION FOR STORAGE BUILDING ERECTION: Voted to appropriate $15,000 from Buildings and Properties Shops Re serve to finance the relocation of Building #3 as a storage fa cility in the yard back of the Service Building at East Ithaca b. APPROVAL OF 1962-63 BUDGETS FOR STATE-SUPPORTED COLLEGES: Voted to approve and recommend to the Board of Trustees for adoption the final operating budgets (including State, Federal, and Income Funds) for the state-supported units of the University for the fiscal year which began April 1, 1962, as follows: 1961-62 1962-63 Budget Budget Increase College of Agriculture $14,080,363 $14,551,089 $470,726 College of Home Economics 2,852,280 2 ,929,598 77,318 Agricultural Exper. Station 2,023,236 2,159,922 136,686 Veterinary College 2,255,867 2,411,399 155,532 Ind. & Labor Rel. School 1,897,637 1,935,689 38,052 General Services 1,820,682 1,903,326 82,644 Totals $24,930,065 $25,891,023 $960,958 It was noted that the budgets presented and consid- ered at this meeting do not include the across-the-board sal ary increments which will become effective September 1, 1962, and which will be submitted for approval at a later meeting. 9. CENTENNIAL CAMPAIGN UNRESTRICTED GIFTS FUND: Voted that unrestricted gifts received by the University through the Centennial Fund Campaign be capitalized for the production of income, after repayment of advances from current fund bal ances as previously authorized to finance campaign expenses - the fund to be known as the "Centennial Campaign Unrestricted Gifts Fund" (classified A-3 ), with use of income therefrom to be subject to the further direction of the Executive Committee 4304 5/18/62 Ex. Com. Voted further to Instruct the Administration to bring before the Committee a plan for the use of income from this fund together with capital gains realized by the Univer sity on gifts of securities received under the Centennial Fund Campaign, to finance the expenses of the campaign. 10. FUND FOR MEDICAL PROGRESS: Voted that all unre stricted gifts received by the University in behalf of the Medical College through the Medical Center fund-raising cam paign be capitalized for the production of income, to be known as the "Fund for Medical Progress" (classified C-3), with income therefrom to be subject to the further direction of the Executive Committee. Voted further to instruct the Administration to bring before the Committee a plan for the use of the income from this fund, together with capital gains realized by the University on gifts of securities received from the Medical Center fund-raising campaign, to finance the expenses of the Medical College share of that campaign. 11. CENTENNIAL CAMPAIGN CREDIT FOR LIFE INCOME FUNDS: Voted to establish a policy for giving credit toward Centen nial campaign goals on account of gifts received subject to a reserved life Income interest on the basis of the following criteria: a. Minimum face amount of gift subject to life in come - $100,000. b. Minimum age of beneficiaries - 50 years, with maximum number of beneficiaries - two lives. c. The University to be given broad discretion with respect to investment, so as to permit investment with and as a part of pooled endowment funds. d. The ultimate use of the fund principal (after termination of life interests) to be unrestricted or to be one of those purposes listed on the Table of Needs, fulfill ment of which may be suspended for the duration of the life income interest (e.g., certain endowment funds). e. The gift to be credited toward Centennial Cam paign totals in the amount of the present actuarial value, at the time of gift, of the University's remainder interest. 12. GIVEN FOUNDATION GIFT: An interim report was re ceived with respect to recent developments concerning the Given Foundation gift. Ex. Com. 5/ 18/62 4305 13. CLASSIFICATION OF CAPITAL FUNDS: A report was re ceived concerning recently established capital funds, class ifications of which have been approved by the University Counsel. A schedule of these funds is attached to these minutes as Appendix I. 14. HUGHES HALL CONSTRUCTION PROJECT: Bids for Hughes Hall Law School Dormitory construction having been received with the period for acceptance of such bids expiring on May 17, just prior to the Executive Committee meeting, the Admin istration communicated with the Chairman and Vice Chairman of the Committee, who authorized the Administration to accept the low bid. On recommendation of the Chairman and Vice Chairman it was: a. Voted to ratify and confirm the Administration's action in awarding a contract for the construction of Hughes Hall Law School Dormitory to A. Friederich & Sons Co., Inc., in the amount of $1,232,911. b. Voted further to approve a budget for the total project in the amount of $1,700,000 including the following itemization: Base contract $1,232,911 Fees and inspection 100,000 Furnishings and equipment 205,000 Site and utilities 60,000 Contingency 102,089 Total $1,700,000 c. Voted to defer action until the next meeting with respect to a possible advance from the University's in vestment pool to complete the financing for the project, pending further recommendations from the Administration as to term and rate of interest on such an advance. 15. REHABILITATION OF HIGH VOLTAGE LABORATORY: Voted to authorize the Administration to proceed with planning for the rehabilitation of the High Voltage Laboratory at an estimated cost of $100,000 using architects and/or engineers as approved by the Buildings and Properties Committee. Voted further to appropriate $15,000 from the Elec tric Power Laboratory Development Fund (account #9290) to finance such advance planning. 16. PURCHASE OF WELLS PROPERTY AT LAKE PLACID: Voted to authorize the Administration to purchase from Robert J. and Eleanor M. Wells a six-room house on one-half acre of land lo- 4306 5/18/62 Ex. Com. cated in the Town of North Elba, near Lake Placid, New York, at a price of $10,000 plus necessary closing costs, to be used by the College of Agriculture in connection with its program at the Uihlein farm to develop and produce foundation potato seed stock. Voted further to appropriate the sum of $10,000 plus necessary closing costs from the Farm Land Purchase Account, to finance this project. 17. LAND PURCHASES FROM BRANNON AND BRADLEY: Voted to authorize the Administration to purchase 103 acres of land near the corner of Neimi Road and Zeman Road in the Town of Dryden for use in an aquatic weed control project by the De partment of Agronomy, in the College of Agriculture, the pur chase to be made from two separate but adjoining owners as follows: a. Eighty acres from Ben 0. Bradley at a price of $5,800 plus closing and survey costs. b. Twenty-three acres from Professor Warren Bran non at a price of $1,150 plus closing and survey costs. Voted further to appropriate $6,950 plus necessary closing and survey costs from the Farm Land Purchase Account, to finance these two purchases. 18. CHI PHI GROUP HOUSING APPLICATION: Voted to ap prove an amendment in the application from Chi Phi Fraternity for admission to the Group Housing Plan (as previously ap proved by the Executive Committee on November 15, i960) so as to provide that the fraternity may have the alternative of proceeding with the original plan to construct a new frater nity house on the existing site at 107 Edgemoor Lane, or to rehabilitate the existing house in the event that funds raised for the project are insufficient to permit construc tion of a new house, but are sufficient to permit substantial rehabilitation of the existing house in accordance with plans to be approved by the University. Voted further to require that Chi Phi Fraternity elect between these two alternatives on or before November 15* 1962. 19. GROUP HOUSING PLAN FINANCING: Voted to recommend to the Board of Trustees adoption of the following resolution: RESOLVED that the Board of Trustees approves in principle the policy of increasing the student housing facilities of the University by making Uni Ex, Com. 5/13/62 4307 versity funds available for construction of new houses and rehabilitation of existing houses for use by organized student groups as participants in the University's Group Housing Plan; and That the Executive Committee be authorized to implement such policy by such means as the Committee may determine, including, but without limitation* such items as (a) the source of funds including the issue of revenue bends by the New York State Dormi tory Authority or loans from other institutional lenders* (b) methods by which University funds ap propriated for the purpose shall be made available* (c) terms and rates of interest and amortization of financial arrangements, (d) changes in the Group Housing Plan and leases to organized student groups thereunder which are necessary for implementation of such policy0 20. ESTATE OF ALFRED KCRlBURTs Voted to ratify and confirm the action of Treasurer Lewis H. lUrland in executing a limited warranty deed conveying to D. D. Grindell, the University's undivided one-half interest in the Alfred Hurl burt residence, located at 4301 Armstrong Parkway, Dallas* Texas* in consideration of $-45*000. 21. BUILDINGS AND PROPERTIES COMMITTEE MINUTES: Min utes of the Buildings and Properties Committee meeting held April 12* 1962* were received. 22. PURCHASE OF BRAINARD PROPERTY: Voted to authorize the Administration to purchase a house and lot located at 406 Triphammer Road, Village of Cayuga Heights, from Mr, J^aul Brainard* at a price of $32*500 plus necessary closing costs. Voted further to appropriate $32,500 plus necessary closing costs from 1961-62 current income, to finance this project. 23. CHAIRMAN OF THE DEPARTMENT OF ROMANCE LITERATURE: Voted to reappoint JEAN-JACQUES DEMCREST as Chairman of the Department of Romance Literature, in the College of Arts and Sciences, for a second five-year term, effective July 1, 1962. 24- CHAIRMAN OF THE LEPARTi^l* OF GEOLOGY; Voted to appoint Professor1 JOHN W 0 WELLS as Chairman of the Department of Geology* in the College of Arts and Sciences* for a five- year term* effective July 1* 1962. 4308 5/ 18/62 Ex. Com. 25. APPOINTMENT IN THE COLLEGE OF ARTS AND SCIENCES: Voted to appoint KEITH SEDGWICK DONNELLAN to be Associate Pro fessor of Philosophy, in the College of Arts and Sciences, for a period of three years, effective July 1 , 1962. 26. APPOINTMENT IN THE COLLEGE OF ENGINEERING: Voted to appoint MARK NELKIN Associate Professor of Engineering Physics, in the College of Engineering, for a term of three years, effective August 15, 19^2. 27. MEDICAL COLLEGE APPOINTMENTS: Voted to approve ap pointments to the clinical staff of the Medical College, ef fective for the year July 1, 1962, through June 30, 19^3* as follows: a. Department of Biochemistry Associate Professor Dr. Roy W. Bonsnes b. Department of Medicine Professors of Medicine Dr. Joseph H. Burchenal Dr. Frank L. Horsfall, Jr. Dr. Rulon W. Rawson Clinical Professors of Medicine Dr. Anthony C. Cipollaro (Dermatology) Dr. Henry S. Dunning (Neurology) Dr. Claude E. Forkner, Sr. Dr. Richard H. Freyberg Dr. Milton L. Kramer Dr. George M. Lewis (Dermatology) Dr. Ade T. Milhorat Dr. Carl Muschenheim Dr. J. James Smith Dr. Robert F. Watson Dr. Irving S. Wright Associate Professors of Medicine Dr. David A. Karnofsky Dr. Allyn B. Ley Dr. W. P. Laird Myers Dr. Martin Sonenberg Dr. Chester M. Southam Dr. Parker Vanamee Ex. Com. 5/18/62 4-309 Clinical Associate Professors of Medicine Dr. Jeremiah A. Barondess Dr. Katharine Butler Dr. Eugene F. Cohen Dr. Frank E. Cormia (Dermatology) Dr. Henry D. Diamond Dp. Murray Dworetzky Dr. Aaron Feder Dr. William T. Foley Dr. Elliot Hochstein Dr. William H. Kammerer Dp. George L. Kauer Dr. B. H. Kean (Tropical Medicine) Dp. Fpederic T. Kipkham Dp. Gepaid H. Klingon Dp. John S . LaDue Dp. Robert M. Lintz Dr. Theodore W. Oppel Dp. Mapy Ann Payne Dp. R. A. Rees Ppitchett Dp. Ispael Steinbepg Dp. Alphonse E. Timpanelli Dp. Douglas P. Toppe (Dermatology) Dp. Bpuce P. Webstep Dp. Byapd Williams Dp0 Felix Wroblewski c . Depaptment of Obstetpics and Gynecology Professor of Anesthesiology in Obstetrics and Gynecology Dr. Joseph F. Artusio, Jr. Clinical Professors of Obstetrics and Gynecology Dr. Edward H . Dennen Dr. Ralph W. Gause Dr. Charles M, McLane Dr. Joseph N. Nathanson Dr. Frank R. Smith Clinical Associate Professors of Obstetrics and Gynecology Dr. Thomas L . Ball Dr. E. William Davis, Jr. Dr. Thomas F. Dillon Dr. Randolph Gepfert Dr. William P. Given 4310 5/ 18/62 Ex. Com. Dr. Oscar Glassman Dr. Arthur V. Greeley Dr. Graham G . Hawks Dr. Carl T. Javert Dr. Donald G. Johnson Dr. Edward C . Mann Dr. Nelson B. Sackett Dr. George Schaefer Clinical Associate Professor of Anesthe siology in Obstetrics and Gynecology Dr. Benjamin E. Marbury d. Department of Pathology Professor of Pathology Dr. Robert C. Mellors e . Department of Pediatrics Clinical Professor of Pediatrics Dr. Harold W. K. Dargeon Associate Professor of Pediatrics Dr. M. Lois Murphy Clinical Associate Professors of Pediatrics Dr. Leona Baumgartner Dr. Samuel R. Berenberg Dr. Paul F. de Gara (Allergy) Dr. Nathan Epstein Dr. Henry P. Goldberg Dr. Edmund N. Joyner, III Dr. Hedwig Koenig Dr. Milton I. Levine Dr. Charles H. O'Regan Dr. Maxwell Stillerman Dr. Marjorie A. Wheatley f . Department of Pharmacology Clinical Associate Professor of Pharmacology Dr. Janet Travell Ex. Com. 5/ 18/62 4311 g . Department of Psychiatry Professor of Psychiatry Dr. Alexander H. Leighton (Social Psychiatry) Clinical Professors of Psychiatry Dr. Francis J. Hamilton Dr. James H. Wall Clinical Associate Professors of Psychiatry Dr. Eric T. Carlson Dr. Frederic F. Flach Dr. Lawrence E. Hinkle, Jr., Clinical Associate Professor of Medicine in Psychiatry Dr. Dorothea C. Leighton (Social Psychiatry) Dr. Leon L. Rackow Dr. Livingston Welch, Clinical Associate Pro fessor of Psychology in Psychiatry h. Department of Public Health Clinical Professors of Public Health Dr. Leona Baumgartner Dr. John R. Heller i . Department of Radiology Professor of Radiology Dr. James J. Nickson Clinical Professors of Radiology Dr. Robert S . Sherman Dr. Harold L. Temple Clinical Associate Professors of Radiology Dr. Ulrich K. Henscke Dr. Ralph F 0 Phillips j. Department of Surgery Professor of Surgery Dr. Henry T. Randall 4312 5/18/62 Ex. Com. Clinical Professors of Surgery Dr. Alexander Brunschwig Dr. Lee R. Straub (Orthopedics) Dr. T. Campbell Thompson (Orthopedics) Associate Professor of Anesthesiology in Surgery Dr. William S. Howland Associate Professor of Immunology in Surgery Dr. Leonhard Korngold (Orthopedics) Clinical Associate Professors of Surgery Dr. Eugene E. Cliffton Dr. John R. Cobb (Orthopedics) Dr. William Cooper (Orthopedics) Dr. William A. Cooper Dr. Nelson W. Cornell Dr. Michael R. Deddish Dr. John W. Draper (Urology) Dr. Howard S. Dunbar (Neurosurgery) Dr. Joseph H. Farrow Dr. Edgar L. Frazell Dr. Ernest W. Lampe Dr. Frederick L. Liebolt (Orthopedics) Dr. Gordon McNeer Dr. George T. Pack Dr. Herbert Parsons (Neurosurgery) Dr. Robert L. Patterson (Orthopedics) Dr. Peter-Cyrus Rizzo (Orthopedics) Dr. William L. Watson Dr. John P. West Dr. Willet F. Whitmore, Jr. (Urology) Dr. Philip D. Wilson,, Jr. (Orthopedics) Clinical Associate Professors of Anesthesiology in Surgery Dr. Charles L. Burstein Dr. Benjamin E. Marbury 28. CENTENNIAL FUND CAMPAIGN PROGRESS REPORT: On invi tation, Mr. Kersting, of the consulting firm of Kersting, Ex. Com. 5/18/62 4313 Brown, entered the meeting to report on progress being made in preparation for the forthcoming Centennial fund campaign. ADJOURNMENT: On motion the meeting was adjourned at 2:30 p.m. Neal R. Stamp Secretary 4314 5/ 18/62 Ex. Com. APPENDIX I REPORT ON CLASSIFICATION OF GIFTS AND BEQUESTS Amount ANONYMOUS LIFE INCOME FUND No. l6 Gift of an anonymous donor to pay the Income to him for life and thereafter the principal shall be allocated to existing University funds. Established 1961 ...... E-2 $ 7 *720.62 ARNOLD, ANNE, ENDOWMENT FUND Gift of Walter H. Stainton with re quest that the income be used for pur chase of books in the field -of American Literature. The income may be added to the principal, and if in the opinion of an appropriate library authority the income cannot be used as above specified, it may be used for the most suitable substitute purpose. Established 1961 ...... E 500.00 BARKER, NELLIE E* ('02), SCHOLARSHIP FUND Gift of Samuel C. Roat to be held by the University as an endowment fund. The income to be added to principal until the donor's death, at which time the University will receive $4,000 from an insurance policy. The income from the total fund is to be then available for scholarships for one or more deserving women students at the University with demonstrated financial needs. If in the future conditions may change so as to make the above wishes im practicable or undesirable, the Trustees of the University shall be free to use the in come for such University purposes as they may determine. Established 1962 ...... E-2 1,000.00 Ex. Com. 5/18/62 4315 Amount BELSLEY, CLAY AND M. HELEN KELSEY, SCHOLARSHIP ENDOWMENT Gift of Mrs. M. Helen Belsley to establish the Clay and M. Helen Kelsey Belsley Scholarship Endowment, the income to be used for the purpose of maintaining one or more undergraduate scholarships on such terms as the University may determine. If the 1und is not $10,000 or more within her lifetime or by bequest, the University may use it for any scholarship purpose including additions to existing funds. Established 1962 ...... E-2 $ 2,395.31 BERKOWITZ, H. C., FELLOWSHIP ENDOWMENT Legacy under the will of May L 0 Berkowitz in memory of her husband. H. C. Berkowitz (a former faculty member), to be used to establish a scholarship or fellow ship fund at such University. Established 1 9 6 1 ...... E 224,241.07 BIEBER, SIEGFRIED AND JOSEPHINE, SCHOLARSHIP ENDOWMENT Gifts of Mrs. Siegfried Bieber and the Siegfried and Josephine Bieber Founda tion to establish the Siegfried and Josephine Bieber scholarship endowment. The income is to be used for scholarships for students in the Medical College who are in good academic standing and in need of financial aid. Established 1 9 6 2 ...... E 2,500.00 BROWN, ANNA MARIA, FELLOWSHIP ENDOWMENT Bequest from Ralph Minthorne Brown for the purpose of endowing a fellowship for research in bird migration, in memory of his mother, Anna Maria Brown. If at any time the University should determine that it is either impracticable or undesir able to administer the bequest for the above purpose it may use it for any University purpose deemed best to further research and scholarship. Established i960 ...... E-3 36,242.82 4316 5/ 18/62 Ex. Com. Amount CLASS OF 1915 50TH YEAR REUNION FUND Gifts of the members of the class toward a goal of $100,000 of unrestricted funds to be presented to the University on the occasion of their 50th reunion in June, 1965* Established 1962 ...... C 600.00 CLASS OF 1961 SCHOLARSHIP LOAN ENDOWMENT Gifts of members of the Class of 1961 to establish an endowment fund, the income to be available, preferably, for scholar ships to the children of the Class of 1961, but the fund may be used for student aid in general, beginning in 1981. In the mean time, income is to be added to the principal. Established 1 9 6 1 ...... E 1,300.00 CLASS OF 1964 FUND Established by the Class of 1964, income to be subject to call of the life secretary of the class. The fund when no longer needed by the class is to revert to the University for general University purposes unless the class at some five-year reunion designates a particular University purpose for its use. Established 1961 ...... A-2 3,878.00 CLASS OF 1964 WOMEN'S FUND Established 1 9 6 1 ...... A -2 1,250.00 DONLON, MARY H,, INCOME FUND NO. 2 Gift of Judge Mary H. Donlon, subject to retained life interest, the remainder to be established as an endowment fund, the income from which shall be expended for the support of a professorship. Established i960 ...... F-2 33,165.52 Ex. Com, 5/18/62 4317 Amount DUDLEY, LEONARD A., SCHOLARSHIP ENDOWMENT Gift of Leonard A. Dudley, the in come therefrom to be used for one or more undergraduate scholarships In the College of Agriculture. Preference is requested for candidates from Broome County, New York, and if none from that county, then to candidates from adjoining counties. If in the future conditions change so as to make the conditions impracticable or un desirable, the Trustees shall be free to utilize the income of the fund for general purposes. Established 1961 . „ ...... E-2 33,037.40 GROUP HOUSING FUND: 1 . Delta Kappa Epsilon Group Housing Fund C 11.562.34 2 . Delta Tau Delta Group Housing Fund On condition that any group housing unit shall be located on the site of the present Delta Tau Delta house. Established 1 9 6 1 ...... C 6,192.78 3. Delta Upsilon Group Housing Fund . . . C 30,283.13 4. Phi Kappa Psi Group Housing Fund . . . C 67.407.34 5 . Sigma Phi Epsilon Group Housing Fund . C 41,053.23 GpTJTERMAN, C 0 E 0 F„, MEMORIAL FUND Funds contributed by friends of the late Professor C. E. F. Guterman of the College of Agriculture to establish a memorial endowment to him. The income may be used at the discretion of the Director of Research for the support of research projects of interest to the Colleges of Agriculture and Home Economics. Established 1962 ...... E 2,863.70 4318 5/18/62 Ex. Com. Amount HENNINGS, THOMS C 0, JR0, MEMORIAL FUND Gifts from members of the Class of 1924 to memorialize Thomas C c Hennings, Jr., U 0 S. Senator from Missouri 1951-1960. To be established as a scholarship endowment for deserving undergraduates in the Endowed Colleges, prefereably descendants of the Class of 1924o Established 1962 „ . c „ . . « ...... E 2,000.00 HUNTER, FRANCIS T 09 TENNIS TROPHY AWARD Gift of $600 from the Jack Kriendler Memorial Foundation to be used to estab lish a tennis award to the University tennis champion. The gift is to be used to pay for a permanent trophy and to establish an ac count to be used for small plaques to be given to the yearly winners. Established 1961 ...... C 600.00 JOHNSON, DAVID KENNEDY, ENDOWMENT FUND Bequest under the will of Nettie J. Huey, the income to be used for scholar ships or grants-“in-aid to worthy students pursuing a. course in the New York State Veterinary College or students specializ ing in animal husbandry In the New York State College of Agriculture at Cornell University, Established i960 ...... E 65,000.00 KAPPA DELTA RHO CONTINGENT GROUP HOUSING FUND Anonymous gift from an alumnus of this fraternity to be credited toward a Kappa Delta Rho Group Housing Fund if the fraternity enters the Group Housing Plan and enters upon a fund-raising campaign thereunder prior to June 30, 1965* otherwise to be added to the unrestricted funds of the University. Established 1962 ...... C 4,199-75 Ex, Com. 5/18/62 4319 Amount KEELER, MARTHA DURELL BODINE, SCHOLARSHIP LOAN FUND Legacy under the will of Martha Durell Bodine Keeler and life insurance proceeds to he used as a scholarship loan fund, the income to be used for loans to students of the College of Arts and Sciences who are in need of financial assistance, in such an amount and in such manner as the University may from time to time determine. Preference to be given to graduates of Mansfield Pennsylvania State Teachers 1 College of Mansfield, Pennsylvania, and Erasmus Hall High School of Brooklyn, New Yorko Established 1961 ...... E 5,238.07 KYSER, KATHRYN BELLE, SCHOLARSHIP LOAN ENDOWMENT Residuary bequest under the will of Kathryn Belle Kyser to be held as an en dowment and the income to be used to main tain an undergraduate scholarship to be known as the Kathryn Belle Kyser Fellowship. Preference to be granted to a deserving and worthy girl from Central new York. Established 1961 ...... E 7,337.30 LISBERGER, THEODORE, MEMORIAL SCHOLARSHIP ENDOWMENT Funds raised by family and friends of Theodore Lisberger, the income to be used for scholarships to aid undergraduate or graduate students in Industrial and Labor Relations. Established 1961 ...... E 3,100.00 PILLSBURY, WALTER BOWERS, ENDOWMENT FUND FOR EXPERIMENTAL PSYCHOLOGY Gift of Walter M. Pillsbury for the purpose of furthering experimental psy chology, the income to be used for student aid, faculty salaries, research, purchase of library books or journals, or such other purposes as Cornell University may deem appropriate. Established 1961 ...... E 5,640.81 4320 5/18/62 Ex. Com. Amount POWELL, HERBERT AND LILLIAN M„, FELLOWSHIP ENDOWMENT Bequest under the will of Lillian M. Powell to establish a fellowship for a Protestant woman in the field of Home Economics0 The terms, conditions and dura tion of said fellowships to be established by the administrators of Cornell Univer sity. While there is no express statement that the fund must be held as an endowment and the income only used, that intention is im plied. Established 1962 * . 0 ...... E 35*443.22 RHODES, ANNIE F c AND OSCAR W M SCHOLARSHIP ENDOWMENT Bequest under the will of Oscar Lynn Rhodes to establish a scholarship endow ment in the field of Engineering in memory of his mother, Annie F. Rhodes, and father, Oscar W . Rhodes. Established 1962 ...... E 707.16 SHARP, LESTER W 0, ENDOWMENT Bequest under the will of Velma Sharp subject to a life interest of Mabel Or. Sharp, which has now been voluntarily sur rendered. The will directs that the income from the fund shall be used in the Depart ment of Cytological Research. Established i960 . . . a ...... E 5,000.00 TOMPKINS COUNTY TRUST COMPANY ENDOWMENT FUND Gift from Tompkins County Trust Com pany in honor of William H. Burns (retired bank executive) as an endowment fund with income to be used for loans or scholarships for residents of Tompkins County or those graduated from secondary schools in Tompkins County attending the Graduate School of Business and Public Administration or other graduate divisions on the Ithaca campus. Established 1961 ...... D-3 10,000.00 Ex. Com. 5/18/62 4321 Amount UPDEGRAFF3 MAY E., STUDENT LOAN FUND Bequest of $25,000 to be used as a loan fund and named as above. The fund, both principal and interest, may be used to assist worthy financially needy students to partially defray the costs of tuition and other expenses while enrolled in the University as candidates for Bachelor's Degrees. Established 1961 ...... C 25,000.00 VAN VLEET, GEORGE, JR0, MEMORIAL SCHOLARSHIP ENDOWMENT Bequest under the will of Mrs. Ellen Van Vleet, consisting of $167.17 in cash plus $53,977.12 in fourteen promissory notes. The will provides that the gifts may be merged and mingled with the general investment assets. The income is to be used to establish a scholarship or scholar ships for worthy students majoring in the biology department of said University. The amount of the scholarships and the recipients to be determined by the President of the University or other authorities as may be properly designated for the purpose. Established 1 9 § 1 ...... F-2 54,144.29 4323 CORNELL UNIVERSITY PROCEEDINGS OP THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE Meeting held Sunday, June 10, 1962, 3:00 p.m., Board Room, Edmund Ezra Day Hall, Ithaca, New York PRESENT: Chairman Cisler, Trustees Dean, Donlon, Levis, Littlewood, Malott, Scheetz, Severinghaus, and Syme; by invitation, Trustee Noyes and Trustee Emeritus Upson (for executive session only). Provost Atwood, Vice Presidents Burton, Summerskill, and Zwingle, Treasurer Durland, Controller Peterson, Budget Director McKeegan, and Secretary Stamp. Chairman Cisler called the meeting to order in ex ecutive session at 3:00 p.m. The following action from the executive session was reported to the Secretary for the record; A. JOHN E, BURTON: Voted to authorize John E. Burton, Vice President-Business, to continue his work with the Diefen- dorf Commission, investigating educational costs in the sec ondary schools of the state, for the period ending October 1, 1962. This extension of authority Is made on the same terms and conditions as the original action taken by the Executive Committee at its meeting held December 20, i960, except that it is understood that there is to be nc further extension be yond October 1, 1962. 4324 6/10/62 Ex. Com. The meeting was reconvened in regular session follow ing dinner, at 8:30 p.m. 1 . APPROVAL OF MINUTES: Voted to approve the minutes of the Executive Committee meeting held May 18, 19^2, after making changes in language at items #14 and #19, as previously distributed. 2. CASCADILLA HALL RENOVATION: Voted to appropriate $300,000 from 1961-62 current income to renovate Cascadilla Hall for student occupancy. 3. LAFAYETTE COLLECTION: President Malott reported concerning investigations and negotiations for the possible purchase of a major collection of the letters, diaries, and other papers of the Marquis de Lafayette, the French hero of the American Revolutionary War. Voted to authorize the President to continue his in vestigations . 4. DIRECTOR OF SCHOOL OF ELECTRICAL ENGINEERING: Voted to extend the appointment of HENRY G. BOOKER, the IBM Professor of Engineering and Applied Mathematics, as Director of the School of Electrical Engineering for the period July 1, 1962, through June 30, 1963. 5 . DIRECTOR OF EXTENSION: Voted to appoint Professor ALVIN A. JOHNSON to be Director of Extension in the New York State Colleges of Agriculture and Home Economics, effective July 1, 1962. 6 . FLOYD R. NEWMAN GIFT: Voted to accept with sincere appreciation the offer from Floyd R. Newman, as contained in his letter dated May 29, 1962, to add to his program of gifts to finance Helen Newman Hall, an additional commitment of 6,000 shares of Ashland Oil and Refining Company common stock, to be transferred in 1969 and 1970, to finance the installa tion of bowling alleys in Helen Newman Hall. 7 . PHYSICS-ARPA CONSTRUCTION PROJECT: Trustee Scheetz reported, as requested by the Committee at its April meeting, concerning his review of the proposed financing agreement with the State Dormitory Authority to finance the Physics-ARPA construction project. The agreement is being reviewed by the Ex. Com. 6/10/62 4325 Dormitory Authority at a meeting to be held June 11. Voted to approve the agreement substantially as re viewed and described by Trustee Scheetz, subject to such minor changes as may be approved by the President, the Vice Pres- ident-Business, and Trustee Scheetz, in the event further changes are requested by the Dormitory Authority. 8. PURCHASE OF VJICHELNS PROPERTY: Voted to authorize the Administration to purchase a house and lot at 220 Fall Creek Drive from Professor Herbert A. VJichelns, at a price of $26,500. Voted further to appropriate not to exceed $27,500 from 1961-62 current income, to finance this purchase, in cluding necessary closing costs. 9. APPROPRIATION FOR PICTURE BROCHURE: Voted to appro priate $2,100 from 1961-62 current income, to finance the pro duction of a picture brochure for use by the Office of Ad missions . 10. FINANCING CENTENNIAL FUND CAMPAIGN EXPENSE: Voted to charge Centennial Fund Campaign expense against unrestrict ed gifts received during the campaign and/or income of the Centennial Campaign Unrestricted Gifts Fund as established at the May meeting to receive unrestricted gifts under the cam paign . Voted further that any income credited to the Cen tennial Campaign Unrestricted Gifts Fund and not used for campaign expenses be added to the principal of the Fund. 11. CENTENNIAL CAMPAIGN EXPENSE BUDGET: Voted to adopt a budget for Centennial Campaign expenses in the amount of $300,000 to cover the six-month period July 1 through Decem ber 31, 1962, in accordance with a proposed budget presented at the meeting. Voted further to appropriate $300,000 as an advance from current fund balances, to finance this campaign expense budget - subject to reimbursement as a first lien on unre stricted gifts received from the Centennial Fund Campaign. 12. APPROPRIATION FOR MEDICAL COLLEGE FUND-RAISING EX PENSE: Voted to appropriate $50,000 from 1961-62 Medical College current income, to finance the Medical College share 4326 6/ 10/62 Ex. Com. of campaign expenses in connection with the Medical Center fund-raising campaign for the six-month period July 1 through December 31* 1962. Voted further that (l) the present policy be con tinued of charging the Medical College share of fund-raising campaign expense against Medical College current income, and (2) that income credited to the Fund for Medical Progress, as established at the May meeting, be transferred to Medical College current income - to offset in part the appropriations from current income for campaign expense. 13. RENOVATION OF MICROBIOLOGY LABORATORY AT MEDICAL COLLEGE: Voted to authorize the renovation of teaching lab oratory B-207 in the Department of Microbiology at the Med ical College at an estimated cost of $70,000. Voted further to appropriate $50,000 from 1961-62 Medical College current income to finance part of the cost of renovation, the remaining funds being available from a National Institute of Health construction grant. 14. APPROPRIATION FOR PHYSICS-ARPA CONSTRUCTION PROJECT: Voted to make the following appropriations as advances from current fund balances, in support of the Physics-ARPA con struction project - subject to reimbursement from project funds when permanent financing is arranged: a. $100,000 to finance continued planning. b. $103,000 to finance relocation of utility lines and roadways made necessary to accommodate the proposed building. 15. CURRENT BUDGET REPORT FOR THE YEAR 1961-62 TO DATE: Budget Director McKeegan presented a budget report (unre stricted funds only) for the current fiscal year to date as follows: Ex. Com. 6/10/62 4327 a. Endowed Colleges at Ithaca Original Budget: Estimated Income $16,985,000 Estimated Expense 17*543,335 Estimated Deficit (558^335) Additional Appropriations: Previously Reported 457,100 Ex. Com. 5/18/62 33*500 Ex. Com. 6/10/62 329,600 820,200 Net Increase in Income over Original Estimate: Previously Reported 1,215,000 Research Recoveries 150,000 Current Fund Income (50,000) 1, 315,000 Appropriations Lapsed: November 1 , 1961 100,000 June 1, 1962 400,000 1,815,000 994,800 Estimated Excess of Income over Expenditures 436,465 ******************************* b. Medical College at New York Original Budget: Estimated Income 2,506,378 Estimated Expense 2,555*808 Estimated Deficit (49*430) Additional Appropriations: Previously Reported 20,000 Ex. Com. 6/10/62 100,000 120,000 Net Increase in Income over Original Estimate: Previously Reported 134,000 NY Hospital's Share (24,500) 109*500 Appropriations Lapsed: November 1, 1961 56,000 June 1, 1962 67,500 233 * 000 ____ 113 * 000 Estimated Excess of Income over Expenditures 63,570 ******************************* 4328 6/10/62 Ex. Com. c • Position of University's General Reserve (Funded) as of June 10, 1962 Total of Reserve $1,307,403.13 ******************************** d. Position of Unrestricted Gifts as of May 31, 1962 1 . Estimated Net Unrestricted Gifts in Academic Budget 971,466 2. Appropriations for Expenses in Academic Budget: University Development 247,994 Alumni Secretary 106,940 University Council 8,600 363,534 3. Estimated Gross Unrestricted Gifts 1,335,000 4. Gifts Applicable to Line 3: Alumni Annual Giving 706,465 Parents Program 33,964 Corporate Program 284,826 Miscellaneous 50,575 1,075,830 5. Balance Needed to Equal EstimatedIncome 259,170 ******************************** Balance Receipts Goal Receipts Needed Last Year for to to Reach to Date 1961-62 5/31/62____ Goal $ 642,849 Alumni Annual Giving $ 850,000 $ 706,465 $143,535 35,006 Parents Program 35,000 33,964 1,036 287,959 Corporate Program 425,000 284,826 140,174 35,400 Miscellaneous 25,000 50,575 (25,575) $1,001,214 Total $1,335,000 $1,075,830 $259,170 ******************************** e . Position of University Development Fund as of May 31, 1962 1 . Uncommitted Balance - Previously Reported $58,411.64 2 . Proposed Addition: Estate of W. J. Bader 500. 00 3. Balance in Fund - Uncommitted $58,911.64 ******************************** Ex. Com. 6/10/62 4329 l6. REPORT ON CURRENT FUND ADVANCES: Controller Peter- son presented a report with respect to the status of ad vances from current fund balances as temporary financing for various construction and other capital programs. In response to the Committee's inquiry at the last meeting, he reported that outstanding advances from these current fund balances had resulted in a loss of income to the academic budget, com puted at 3 per cent on average balances for the year, in the amount of $163,758.81. 17. APPROPRIATION FROM WILLARD STRAIGHT HALL RESERVE: Voted to appropriate $60,000 from Willard Straight Hall Re serve, to finance repairs, renovation, electric rewiring, and to purchase new furniture for the Memorial Room at Willard Straight Hall - the room not having been renovated since the building was opened in 1925. 18. FORD FOUNDATION GRANT FOR INTERNATIONAL STUDIES: Voted to allocate the Ford Foundation grant in the amount of $3,250,000 in support of the newly established Center for In ternational Studies in accordance with a letter of grant from the Foundation dated March 29, 1962, in the following manner: a. That $950,000 thereof be established as the Ford Foundation Southeast Asia Fund (classified "C"), to be used over a ten-year period for Southeast Asian studies. b. That $800,000 thereof be established as the Ford Foundation China Fund (classified "C"), to be used over a ten-year period for Chinese studies. c. That $700,000 thereof be established as the Ford Foundation Center for International Studies Fund (class ified "C"), to be used over a five-year period for other in ternational studies including area studies, a modernization analysis workshop, and international legal studies. d. That $800,000 thereof be established as a cur rent fund to be administered by the Business Office for the College of Agriculture and known as the Ford Foundation In ternational Agricultural Development Fund, to be used over a five-year period for a program in international agricultural development. e. That, in further accord with the letter of grant, all of the funds established pursuant to this recommendation, together with any interest accrued thereon, be used for new faculty positions, faculty research, travel, compensation for visiting scholars, research assistants, library expansion, fellowships, publications, and administrative support. 4330 6/10/62 Ex. Com. 19. FINANCING HUGHES HALL CONSTRUCTION PROJECT: Voted to advance not to exceed $534,000 from the University’s in vestment funds, with interest at 5-1/2 per cent per annum on outstanding balances as recommended by the Investment Com mittee, and subject to amortization over a term of 35 years - to complete the financing for the Hughes Hall construction project budget as approved at the May meeting. It was noted that the Law School Dormitory is list ed specifically in the Table of Needs for the Centennial Cam paign and that consequently it is not expected that this ad vance of investment funds will remain outstanding over an extended period. 20. MacNAUGHTON LIFE INCOME GIFT: Voted to accept a proposed gift from Edgar MacNaughton, Class of 1911* In the approximate amount of $50,000, subject to the life income interests of Mr. MacNaughton (aged 75 years) and of Mr. and Mrs. Gordon R. Young (both aged 62 years) - the ultimate gift to the University being unrestricted as to use. 21. GIVEN FOUNDATION GIFT: Voted to adopt the follow ing actions concerning the Given Foundation gift received in January, 1962, to supplement item #15 of the Executive Com mittee minutes for November 18, 1961, and item #11 of the Ex ecutive Committee minutes for March 16, 1962 (specifically superseding sub-paragraphs a, b, and c_ in the March minute): a. Given Foundation Engineering Professorship Fund - That the Given Foundation Engineering Professorship Fund be established as a permanent fund, classified "F-2", with income to be used in support of a single professorship (including salary, standard fringe benefits, and other ex penses directly related to professorial activities) in ac cordance with the terms of the Ford Foundation Engineering Professorship grant - such fund to be established in the prin cipal amount of $500,000 consisting of (l) $200,000 in cash transferred from the Ford Foundation Engineering Professor ship Fund, and (2) $22,143.75 in cash plus 4.350 shares of H. J. Heinz Company common stock (valued at $63,875 per share) as received from the Given Foundation. b . Given Foundation Humanities Professorship Fund - That the Given Foundation Humanities Professorship Fund be established as a permanent fund, classified "F-2", with in come to be used in support of a single professorship includ ing salary, standard fringe benefits, and other expenses di rectly related to professorial activities - such fund to be established in the principal amount of $500,000 consisting of $36,906.25 in cash plus 7,250 shares of H. J. Heinz Company stock (valued at $63,875 per share) as received from the Given Foundation. Ex. Com. 6/10/62 4331 c . Given Foundation Book Fund - That the Given Foundation Book^Fund be established as a permanent fund, classified F-2",, with income to be used for the purchase of books in the Cornell University libraries - such fund to be established in the principal amount of $200,000 consisting of $14,762.50 in cash plus 2,900 shares of H. J. Heinz Company common stock (valued at $63,875 per share) as received from the Given Foundation. d. That the cash portions of the respective funds established in paragraphs a, b, and _c above be invested with and as a part of the University’s investment pool and that the H. J. Heinz Company common stock included in each of the three foregoing funds be held as a separate investment - such investments and record of income credited thereto to be set forth in appropriate subsidiary ledger accounts. e. That the income account of the Engineering Pro fessorship Fund (paragraph a above) be subsidized annually from the University's general funds in an amount representing the difference between income actually credited to such fund, and the income which would have been credited to it if the entire principal amount ($500,000) were invested with and as a part of the University's investment pool. f. That the income account of the Humanities Pro fessorship Fund (paragraph t> above) be subsidized annually and as needed, in an amount representing the difference between income actually credited to such fund, and the charges made against such fund on account of the salary and other expenses of the professorship incumbent. g. That any future sales of stock be apportioned among the three funds (paragraphs _a, b, and c_ above), with cash proceeds from such sales to be apportioned in a like manner. 22. CLASSIFICATION OF CAPITAL FUNDS: A report was re ceived concerning recently established capital funds, class ifications of which have been approved by the University Counsel. A schedule of these funds is attached to these minutes as Appendix I. 23. INVESTMENT COMMITTEE REPORT: Treasurer Durland and Trustee Levis (Vice Chairman of the Investment Committee) reported briefly concerning the effect of recent stock market activity on the University's investment portfolio. 24. BYLAW AMENDMENT: Voted to approve and recommend to 4332 6/10/62 Ex. Com. the Board of Trustees for adoption an amendment to Article III, Paragraph 2-a, of the University's bylaws, in order to permit an enlargement of the Executive Committee from the present membership of nine to a possible maximum membership of twelve, and to give Executive Committee membership to the chairmen of the Investment Committee and the Buildings and Properties Com mittee (deletions shown in parentheses, new material under scored) : "a. The Executive Committee shall consist of the Chairman of the Board, the President of the University, and the"Chairmen of the Investment Committee and of the Buildings and Properties ‘Committee, each ex officio, and not less than 'five nor more than eight (seven) elected members (and two ex officio members). A majority of the Committee members shall constitute a quorum. ("Five members shall constitute a quorum.)'1 25. FUTURE BOARD MEETING DATES: Voted to approve and recommend to the Board of Trustees for adoption a schedule of four regular meetings for the Board of Trustees in the year 1962-63 as follows: a. October 5 and 6 (Friday and Saturday) at Ith aca, as a joint meeting with the Cornell University Council. b. January 25 and 26, 1963 (Friday and Saturday) at Ithaca. c. April 19 and 20, 1963 (Friday and Saturday) at Ithaca. d. June 10, 1963 (Monday) at Ithaca, as the Com mencement me e ting. 26. FUTURE EXECUTIVE COMMITTEE MEETING DATES: Voted to adopt a schedule of meetings of the Executive Committee for the year 1962-63 as follows: a. August 17 (Friday) in New York City at 9:30 a.m. b. September 21 (Friday) in New York City at 9 :30 a.m. c. October 4 (Thursday) in Ithaca at 2:00 p.m. d. November 16 (Friday) in New York City at 9 :30 a.m. Ex. Com. 6/10/62 4-333 e . December 21 (Friday) in New York City at 9:30 a.m. f . January 18, 1963 (Friday) in New York City at 9**30 a.m. g. February 15 (Friday) in New York City at 9;30 a.m. h. March 15 (Friday) in New York City at 9;30 a.m. i. April 18 (Thursday) in Ithaca at 9=30 a.m. j. May 17 (Friday) in New York City at 9;30 a.m. k. June 8 (Saturday) in Ithaca at 9:30 a.m. 27. CENTENNIAL CAMPAIGN COMMITTEE REPORT: Trustee Noyes reported^briefly as Chairman of the Centennial Campaign Committee, making particular reference to relationships be tween activities of the Centennial Campaign Committee and the capital fund campaign at the Medical Center. 28. MEDICAL CENTER FUND-RAISING CAMPAIGN REPORT: Vice President Zwingle reported concerning the Medical Center Fund raising Campaign as it affects the Medical College. When this campaign was launched in December, 1961, the balance of funds to be raised to meet campaign goals amounted to $44 million, of which $15 million was to be allocated specifically to Medical College needs. As of June 1, approximately $14 mil lion had been raised toward the $44 million goal, of which amount $722,000 has been specifically earmarked for Medical College purposes. 29. BUILDINGS AND PROPERTIES COMMITTEE REPORT: Vice President Burton presented the following reports and recom mendations from the Buildings and Properties Committee meet ing held June 9* 1962, upon which actions were taken as indicated below: a. Graduate School of Business and Public Admin istration Project - Voted to authorize the Administration to award a contract for the construction of the new building, to the low bidder, Irwin & Leighton Construction Co., Inc. Voted further to approve a budget within funds available for this construction project in the amount of $1,661,800 itemized as follows: 4334 6/10/62 Ex. Com. Base construction $1,234,500 Furnishings 150,000 Site and utilities 75*000 Fees and supervision 130,000 Contingency 72,300 Project total $1,661,800 k* Dormitory Planning - Voted to authorize the Ad ministration to develop schematic plans for a new 480-bed dormitory for men students and to retain Charles H. Warner as special architectural consultant in connection with such plan ning. It was noted that by action taken April 8, i960, simi lar planning had been authorized for a new women's dormitory and a second group of 250 apartments, and funds had been ap propriated for such planning. It was noted further that the Centennial Campaign Table of Needs includes $3.5 million for such dormitory construction. c. Chilled Water Plant - Voted to authorize the Administration to commence flume workin preparation for the proposed chilled water plant and to take bids on the com pressor and pumps therefor in order that the building may be planned to fit the major equipment. Voted further to appropriate $110,000 for these pur poses from the total advance from University investment funds in the amount of $800,000, authorized at the April meeting. d. Hydroelectric Generator - Voted to appropriate $25*000 from University investment funds to finance the re placement of a generator in the University's hydroelectric plant located in Fall Creek - subject to interest on out standing balances at 5-1/2 per cent per annum and amortiza tion over a period of 25 years. e » Willard Straight Hall Addition - Voted to au thorize the Administration to retain Beardsley & Beardsley as architects to develop schematic plans for a new program of alterations and additions to Willard Straight Hall, within planning funds previously appropriated. f . Campus Plan - Voted to instruct the Administra tion to develop a comprehensive plan of Campus building sites, including an adequate solution of Campus parking and traffic requirements. Voted further to instruct the Administration to de fer further site planning for new dormitories and the pro posed buildings for the Department of Zoology and the School of Education, pending the development of such a comprehensive Campus plan. Voted further to authorize the Administration Ex. Com. 6/10/62 4335 to proceed with the development of schematic plans for a new Campus Store building to be located generally on the site of Barnes Hall and to retain Beardsley and Beardsley as archi tects for this purpose. 30. CORNELL UNIVERSITY COUNCIL MEMBERS-AT-LARGE: Voted to elect as members-at-large on the Cornell University Council for three-year terms, effective July 1, 1962, the persons named on the attached Appendix II, as nominated by the Ad ministrative Board of the Council. 31. GIVEN FOUNDATION PROFESSORSHIP IN THE HUMANITIES: Voted to activate the Given Foundation Professorship in the Humanities, in memory of John La Porte Given, Class of 1896, in accordance with the terms of the Given Foundation gift. Voted further to appoint Professor Donald Jay Grout, of the Department of Music, to this professorship, effective July 1, 1962, with the title of Given Foundation Professor of Musicology. 32. APPOINTMENT OF DEPARTMENTAL CHAIRMEN: Voted to ap point departmental chairmen in the departments indicated, all effective July 1, 1962: a. To appoint Professor GORDON F. STREIB as Chair man of the Department of Sociology in the College of Arts and Sciences for a five-year term. b. To appoint Professor ALLAN R. HOLMBERG as Chairman of the Department of Anthropology in the College of Arts and Sciences for a five-year term. c. To appoint Professor ROBERT M. ADAMS as Chair man of the Interdepartmental Committee on Literature in the College of Arts and Sciences for a two-year term. d. To appoint Professor DONALD DEE DELAHANTY as Head of the Department of Surgery and Director of the Large Animal Hospital in the New York State Veterinary College. 33 COLLEGE OF AGRICULTURE APPOINTMENT: Voted to ap point LaVERNE LeROY PECHUMAN as Associate Professor of Entomology for a term of three years, effective July 1, 19 34. FRANCIS T. HUNTER GIFT: Voted, on recommendation of Trustee Scheetz, to adopt the following resolution with 4336 6/10/62 Ex. Com. respect to a proposed gift from Francis T. Hunter, Class of 1916: "WHEREAS the University has been advised that Francis T. Hunter intends to give to the University shares of common stock of 1211 Brands, Inc., primarily for the purpose of completing the Visit ing Professorship Endowment as provided in Part V, Paragraphs 3(b) and 4 of the Agreement, dated May 1, 1961, between the Class of 1916 and the University and may stipulate that such donated shares shall be held and administered for the purposes of the Class Fund as Special Portfolio Assets as provided in Part V, Paragraph 6, of the Agreement, now therefore, be it "RESOLVED that the Treasurer of the University, acting with the advice of the University Counsel and Trustee Scheetz, be authorized hereby to exe cute and deliver on behalf of the University such documents as may be necessary or desirable to im plement the making and acceptance of the gift for the stated purposes consistent with the related provisions of the agreement." ADJOURNMENT: Upon motion the meeting was adjourned at 12:05 a.m. Neal R. Stamp Secretary Ex. Com. 6/ 10/62 4337 APPENDIX I REPORT ON CLASSIFICATION OF GIFTS AND BEQUESTS Amount CLASS OF 1919 WOMEN MEMORIAL SCHOLARSHIP FUND Gift of Mrs. Leroy Grumman, Class of 1919* to establish a memorial scholarship fund in honor of her class. Established 1 9 6 2 ...... E $ 7,000.00 COINTE, GEORGES L., MEMORIAL ENDOWMENT Gift of friends and former students of Georges L. Cointe, former University fencing coach, with income to be used for the maintenance and support of a fencing trophy to be awarded by the Eastern Inter collegiate Athletic Association to the individual participant in the Eastern Fencing Championships who most closely exhibits the ideals of Georges L. Cointe. Established 1962 ...... E 1,000.00 HYDE, HOWARD ELMER, CIVIL ENGINEERING SCHOLARSHIP Bequest under the will of Florence Elise Hyde to establish a scholarship fund at the School of Civil Engineering in honor of her brother, Howard Elmer Hyde, Class of 1900. Established 1962 ...... E 4,000.00 MOWRER, FRANK R. AND BLANCHE A c, MEMORIAL FUND Bequest under the will of Blanche A. Mowrer, the income to be used to assist worthy graduate students In the pursuit of postgraduate work in the study of medicine and surgery. Established 1962 ...... E 16,734.50 TEAGLE, WALTER C., MEMORIAL SCHOLARSHIP ENDOWMENT Gift from the Standard Oil Company of New Jersey in memory of Walter C. Teagle (Class of 1900), to establish a distinguished scholarship in the Graduate School of Business and Public Administration. Established 1962 ...... E 50,000.00 4338 6/ 10/62 Ex. Com. Amount WHICHER, STEPHEN E #, MEMORIAL BOOK FUND Gift from friends and colleagues of the late Professor Whicher for the establish ment of a memorial book fund in the general field of American literature. Established 1 9 6 2 ...... E Ex. Com. 6/10/62 4339 APPENDIX II CORNELL UNIVERSITY COUNCIL: The following named persons have been elected to three-year terms as members-at-large of the Cornell University Council, effective July 1 , 1962: Ernest R. Acker Richard W. D. Jewett Morton Adams Herbert R. Johnston Walter G. Barlow Harry I. Johnstone Alexander M. Beebee Daniel W. Kops Dr. Anne Belcher Frederick W. Krebs Roy T. Black Wallace 0. Leonard Wallace C. Blankinship William L. Lewis George H. Bockius Lewis W. MacNaughton J ohn W . Borhman G. Gordon Mitchell George R. Bradley Thomas E. Moffitt William E. Brainard Henry A. Montague Spencer Brownell, Jr. Arthur G. Odell Henry C . Brunie Howard K. Onstott H. Edmund Bullis Lawrence M. Orton Leslie D. Clute Z. Cartter Patten Charles C. Collingwood David Poliak Charles 0 . Colman Charles F. Reavis Virginia Cutler Gustav D. Requardt David Dattlebaum Leonard B. Richards Richard G. Davis Ellis H. Robison W. True Davis Nelson Schaenen Walter P. Deming, III George M. Schofield Henrietta Deubler Lewis Seiler Leo J. Dicianne Bernard S. Sines William G. Dillon James H. Smith Elliott B. Doft David M. Solinger Louis J. Dughi Edwin C. Sonfield Dr. Joseph B. Engle Elmer A. Sperry, Jr. Mrs. Estes C. Elliott George H. Stanton Newton C. Farr Mrs. Hyman Stock Elmer E. Finck Herman Steutzer, Jr. Dr. Irving C. Fischer Dr. Roy C. Swan, Jr. James C. Forbes Whitelaw T. Terry Herbert A. Goldstone Richard Uhlmann Herbert Gussman Henry S. Wade Frederick Hauserman Paul C. Wanser Seth D. Heartfield Guy T. Warfield Donald C. Hershey Charles M. Werly George Holbrook Philip Will, Jr. Jerome H. Holland Carlton P. Wilson R. Wolcott Hooker Dr. Alvin C. Syman Ruth F. Irish Russell Y. Yerkes 4341 CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES BOARD OF TRUSTEES Meeting held Monday, June 11, 1962, Board Room, Edmund Ezra Day Hall, Ithaca, N.Y. PRESENT: Chairman Dean; Trustees Catherwood, Cisler, Donlon, Flanigan, Grumman, Hollander, Hollister, Johnson, Kiplinger, Knight, Levis, Littlewood, Luckey, Mackay, Malott, Martinez, McMaster, Mitchell, Newbury, Jansen Noyes, Jr., John M. Olin, Peer, Personius, Purcell, Scheetz, Schlesinger, Severinghaus, Sullivan, Syme, Tuttle, Widger, Wimsatt, Wood, and Wright; Trustees Emeritus Nicholas H. Noyes and Upson. Provost Atwood, Vice Presidents Burton, Summerskill, and Zwingle, Treasurer Durland, Controller Peterson, Budget Director McKeegan, and Secretary Stamp. ABSENT: Trustees Rockefeller, Wilson, Carlino, Allen, Wickham, McHugh, Milliman, Collyer, Columbus, Hanover, Spencer T. Olin, Rhodes, Rogers. Chairman Dean called the meeting to order at 1:00 p.m. 1. ALUMNI TRUSTEE ELECTION: The Secretary reported that the Alumni of the University had elected Mr. Alfred M. Saperston, Class of 1919 (L.L.B.), and Mr. John M. Clark, Class of 1929 (B.Chem., M.Chem., and Ph.D.), to membership on the Board of Trustees for terms of five years each, effective July 1, 1962. Mr. Saperston is a Buffalo attorney, and Mr. Clark is an executive with E. I. du Pont Company at Wilming ton, Delaware. 4342 6/11/62 Board Mr„ Saperston and Mr. Clark will fill vacancies caused by expiration of the terms of Alumni Trustees Helen H. Mackay and Leslie R. Severinghaus. 2. TRUSTEE ELECTED BY NEW YORK STATE GRANGE: The Sec retary reported that the Executive Committee of the New York State Grange had re-elected Dr. Bruce W. Widger as a Trustee of the University for a term of one year, effective July 1, 1962. 3. TRUSTEES RETIRING: Chairman Dean expressed appre ciation in behalf of the Board fed Trustees Luckey, Mackay, Severinghaus, and Sullivan, whose terms expire June 30, 1962. He noted the significant service which each had rendered to the University during the past five years, and expressed the hope that their experience as Trustees could be put to use in behalf of the University in the years to come. 4. APPROVAL OF MINUTES: a* Voted to approve the minutes of the Board of Trustees meeting held April 13-14, 1962, as previously dis tributed. b. Voted to ratify and confirm Executive Committee minutes from its meetings held March 16 and April 12, 1962, as previously distributed. 5 . PRESIDENT’S REPORT ON THE STATE OF THE UNIVERSITY: a. Fiscal Operations - The President reported the probability that the University will complete its operations for the current fiscal year with a surplus. At the same time he noted that the budget for 1963-64 probably could not be brought into balance without further tuition increases - a problem facing almost all endowed Universities. b. Gifts - The President reported that the gifts received by the University during the current fiscal year would amount to more than $14 million, being approximately comparable to the total gifts received during the previous fiscal year. He noted the significant increase in gifts from corporations (totaling $7 million) as indicating the increased tendency of business corporations to give general unrestricted support to higher education. c. The Cornell Fund - The President introduced Trustee Newbury, who reported briefly concerning the 1962 campaign for the Cornell Fund. Board 6/11/62 4343 Trustee Newbury reported that, while the Cornell Fund was still short of its overall goal for the year, certain classes, particularly those of 1912, 1917, and 1922, had broken previous records for the fifty-year, forty-five-year, and forty-year reunion classes in unrestricted gifts to the Annual Alumni Giving Program. He noted that fund-raising is built on enthusiasm, and that there is a continuing need for enthusiastic leadership from the membership of the Board of Trustees in connection with the University’s fund-raising program. d. Business Executives Seminar on Implications of Space Exploration - The President reported concerning a two- day seminar on the problems and opportunities of the space age, which had been conducted on Campus recently for a group of leading corporation executives. He noted that Trustee McMaster had played a leading role in the development and execution of the program. e . Chairman Dean’s Activities at Geneva - The President next called upon Chairman Dean, who spoke informal ly concerning his activities and the problems involved in connection with his assignment as Chief United States Repre sentative at the Seventeen-Nation Disarmament Conference in Geneva, Switzerland. 6 . OFFICES OF ADMISSIONS AND REGISTRAR: The President spoke of the need to reorganize and strengthen the Universi ty's administrative structure in the area of Admissions and Financial Aids. He also noted the need to find an appropri ate position in which to use the capabilities and experience of Herbert H. Williams, the present Director of Admissions, who is returned from an extended sick-leave. On recommenda tion of the President, the following actions were taker: a. Voted to establish the office of Dean of Ad missions and Financial Aids, with subordinate positions in that office of Director of Admissions Procedures and Director of Financial Aids - to accomplish the consolidation and bet ter coordination of these two overlapping areas of administra tion. Voted further to appoint Walter A. Snickenberger to be Dean of Admissions and Financial Aids, effective July 1, 1962. b. Voted to appoint Herbert H. Williams to be Registrar of the University, effective July 1, 1962. 4344 6/ 11/62 Board 7. REPORTS AND RECOMMENDATIONS FROM THE EXECUTIVE COM MITTEE: Reports and recommendations from the Executive Com mittee meetings held May 18 and June 10, 1962, were presented by Chairman Cisler, upon which actions were taken as noted below: a. Naming Undergraduate Library - Voted to name the rehabilitated Undergraduate Library to be the Uris Under graduate Library, in honor of Mr. Harold L. Uris (Class of 1925) and his brother, Mr. Percy Uris, and in view of their gift of 40,000-50,000 shares of Uris Buildings Corporation stock as evidenced by letter of gift dated April 30, 1962 - the gift being intended to approximate the presently un pledged cost of rehabilitating the building. Voted further (l) to retain in place the stone plaque on the entry porch of the Undergraduate Library memo rializing Jennie McGraw Fiske; (2) to place appropriate let tering on the outside of the building, to commemorate the new gift, in accordance with wishes of the donors; (3 ) to name the reading room of the Uris Undergraduate Library the "Arthur H. Dean Reading Room1' in honor of Mr. Dean, Chairman of the Board of Trustees and substantial donor to the rehabilitation program; and (4) to name the bell tower the "McGraw Tower." b . 1962-63 Budgets for State-supported Colleges - Voted to adopt the final operating budgets (including State, Federal, and Income Funds) for the state-supported units of the University for the fiscal year which began April 1, 1962, as follows: 1961-62 1962-63 Budget Budget Increase College of Agriculture $14,080,363 $14,551,089 $470,726 College of Home Economics 2,852,280 2 ,929,598 77,318 Agricultu Agricultural Exper. Station 2,023,236 2,159,922 136,686 Veterinary College 2 ,255,867 2,411,399 155,532 Ind. & Labor Rel. School 1 ,897,637 1,935,689 38,052 General Services 1 ,820,682 1,903,326 82,644 Total $$24,930,065 $25,891,023 $960,958 c. Hughes Hall Law School Dormitory - Chairman Cis ler reported that, bids for“Hughes Hall Law School Dormitory construction having been received subject to an acceptance deadline expiring on May 17* just prior to the Executive Com Board 6/11/62 mittee meeting, the Administration had communicated with him and with Vice Chairman Donlon, and they had authorized the Administration to accept the low bid. On recommendation of the Chairman and Vice Chairman at the meeting on May 18, the Executive Committee had taken the following actions: (1) Voted to ratify and confirm the Adminis tration's action in awarding a contract for the construction of the project to A. Friederich & Sons Co., Inc., in the amount of $1,232,911. (2) Voted further to approve a budget for the total project in the amount of $1,700,000 including the fol lowing itemization: Base contract $1,232,911 Fees and inspection 100,000 Furnishings and equipment 205,000 Site and utilities 60,000 Contingency 102,089 Total $1,700,000 (3) Voted to complete the financing for the project by advancing not to exceed $534,000 from the Univer sity's investment funds, subject to interest at 5-1/2 per cent per annum as recommended by the Investment Committee, and to be amortized over a term of 35 years. Chairman Cisler noted that the Law School Dormitory is listed specifically in the Table of Needs for the Centenni al Campaign, and that it is not expected that this advance of investment funds will remain outstanding for an extended period. d. Group Housing Plan Financing - On recommenda tion from the Executive Committee, the following resolution was adopted: RESOLVED that the Board of Trustees approves in principle the policy of increasing the student housing facilities of the University by making University funds available for construction of new houses and rehabilitation of existing houses for use by organized student groups as partici pants in the University's Group Housing Plan; and That the Executive Committee be authorized to implement such policy by such means as the Com mittee may determine, including, but without limitation, such items as (a) the source of funds including the issue of revenue bonds by the New 4346 6/11/62 Board York State Dormitory Authority or loans from other institutional lenders, (b) methods by which University funds appropriated for the purpose shall be made available, (c) terms and rates of interest and amortization of financial arrange ments, (d) changes in the Group Housing Plan and leases to organized student groups thereunder which are necessary for implementation of such policy. e. Renovation of Cascadilla Hall - Voted to author ize the Administration to renovate Cascadilla Hall as a dormi tory for undergraduate students and to appropriate $300,000 from 1961-62 current income, to finance the project. f • Floyd Newman Gift - The Chairman reported that Floyd R. Newman had indicated his intention to add to his pro gram of gifts to finance Helen Newman Hall an additional com mitment of 6,000 shares of Ashland Oil and Refining Company common stock, transferable in 1969 and 1970, to finance the installation of bowling alleys in the building. g. Physics-ARPA Construction Project - Chairman Cisler reported that (T) the Committee had approved a financ ing agreement with the State Dormitory Authority, providing for the financing of the Physics-ARPA construction project, and that the agreement is being reviewed currently by the Dormitory Authority, and (2 ) the Committee had appropriated $100,000 as an advance from current fund balances to finance continued planning of the project, and (3) the Committee had appropriated $103,000 as an advance from current fund balances to finance relocation of utility lines and roadways made nec essary to accommodate the proposed building - both appropria tions to be reimbursed from project funds when permanent financing is arranged. h. Centennial Campaign Expense Budget - Chairman Cisler reported that the Executive Committee had appropriated $300,000 as an advance from current fund balances, to finance the Centennial Campaign expense budget for the period July 1 through December 31* 1962 - subject to reimbursement from un restricted gifts received during the campaign. 1• Medical College Capital Funds Campaign Expense - Chairman Cisler reported that the Committee had appropriated $50,000 from 1961-62 Medical College current income, to fi nance the Medical College share of the expenses for the Med ical Center capital funds campaign for the period July 1 through December 31, 1962. J* Bylaw Amendment - Upon recommendation of the Executive Committee it was voted, with more than eighteen con- Board 6/11/62 4347 curring votes, to amend the University's bylaws at Article 111, section 2-a, to permit an increase in the size of the xecutive Committee from the present membership of nine to a maximum membership of twelve, and to make the Chairman of the nvestment Committee and the Chairman of the Buildings and Committee ex officio members of the Executive Com mittee (deletions in parentheses and new material underscored) a. The Executive Committee shall consist of the Chairman of the Board, the President of the University, and the Chairmen of the Investment Committee and of the Buildings and Properties Committee, each ex officio, and not less than five nor more than eight (seven) elected members (and two ex officio members). A majority of the Committee members shall constitute a quorum. (.Five members shall constitute a quorum.)" k. Schedule of Board Meetings for 1962-63 - Voted to adopt the following schedule of regular meetings for the Board of Trustees for the year 1962-63: (1) October 5 and 6 (Friday and Saturday) at Ithaca, as a joint meeting with the Cornell University Council. (2) January 25 and 26, 1963 (Friday and Sat urday) at the Medical College in New York City. (3 ) April 19 and 20, 1963 (Friday and Satur day) at Ithaca. (4) June 10, 1963 (Monday) at Ithaca - the Commencement meeting. 1 . Current Budget Report for the Year 1961-62 to Date - Chairman Cisler presented a report of the University’s budget operations for the current fiscal year through June 10, 1962, showing an estimated current budget surplus for the En dowed Colleges at Ithaca in the amount of $436,465, and an estimated current budget surplus for the Medical College in the amount of $63,570. m. Campus Plan - Voted to instruct the Administra tion to proceed immediately to develop a comprehensive plan of campus building sites, including an adequate solution of the campus parking and traffic requirements; to defer in the interim any further site planning for new dormitories or the proposed buildings for the Department of Zoology and the School of Education, and to authorize the Administration to develop a schematic plan for a new Campus Store generally on the site of Barnes Hall, and to retain Beardsley and Beardsley as architects for this planning. 4348 6/11/62 Board 8 . ELECTION OP MEMBERS BY THE BOARD: a - Three Members-at-large for Terms of Five Years - By ballot, with more than eighteen favorable votes, Trustees Walker Cisler, Herbert F. Johnson, and Spencer T. Olin were re-elected for terms of five years, beginning July 1, 1962. b . Three Members from Field of Labor in New York State for Terms of One Year - By ballot, with more than eight een favorable votes, Trustees Frank S. Columbus, Harold C. Hanover, and Louis Hollander were re-elected for terms of one year, beginning July 1 , 1962. c . One Faculty Trustee for Term of Five Years - By ballot, with more than eighteen favorable votes, John E. Deitrick, Professor of Medicine and Dean of the Medical Col lege, was elected Faculty Trustee for a term of five years, beginning July 1, 1962. 9. REPORT ON PRESIDENTIAL SELECTION PROCEDURES: Trus tee Severinghaus reported in behalf of the Executive Committee with respect to the procedures and progress in recent months in the matter of selecting a new President of the University. He noted particularly the close working relationship and spirit of cooperation which had been engendered with commit tees representing the Faculty and the Alumni in this most im portant matter. He indicated that further meetings will be held and that the matter will receive the Executive Commit- tees's continuing attention during the summer, and that a further report will be rendered to the Board of Trustees in October. 10. REPORT BY VICE PRESIDENT ZWINGLE: a * Gift Report - Vice President Zwingle presented a gift report for the fiscal year 1961-62 through May 31, 1962, as follows: Board 6/11/62 4349 TOTAL RECEIVED TOTAL RECEIVED THROUGH THROUGH MAY 1962 MAY 1961 A. COLLEGES AT ITHACA ------^ i — 1. For Current Operations Total Unrestricted Gifts $ 1,159,523.75 $ 1,131,467.10 Total Restricted Gifts 1,338,504.47 1,242,085.04 TOTAL GIFTS 2,498,028.22 2,373,552.14 2. For Capital Funds Endowments 3 ,368,465.21 1,795,951.42 Construction and Equipment 730,183-41 1,128,240.59 Miscellaneous (Expendable) 2,637,943.85 593,633.65 TOTAL 6,736,592.47 3,517^825.66 3- Research Grants Endowed Colleges 645,109-04 806,999.42 State Colleges 1,429,969.60 781,335.13 TOTAL 2,075,07b.64 l,5"8b, 334.55 4. Loan Funds 16,873-00 23,739.63 5 . Gifts in Kind 156,516.68 161,874.82 6 . Funds Subject to Life Income 173,095.66 370,314.54 7. TOTAL FUNDS TO COLLEGES AT ITHACA 11,656,184.67 8,035,641.34 B. MEDICAL COLLEGE AT NEW YORK 1. For Current Operations 331,219.12 311,113-01 2. Research Grants 1,292,839-52 1,222,021.45 3. Capital Funds 739,338.17 640,308.69 4. TOTAL FUNDS TO MEDICAL COLLEGE 2,363,396.81 2,173,443.15 C. GRAND TOTAL GIFTS AND GRANTS TO CORNELL $14,019,581.48 $10,209,084.49 b. Centennial Planning Committee - Mr. Zwingle gave a comprehensive report of the Centennial Planning Committee's activities covering the full scope of its work from the time of formation in July, i960, to the present. A copy of this report is attached to these minutes as Appendix I. 4350 6/11/62 Board 11. CENTENNIAL CAMPAIGN COMMITTEE REPORT: Trustee Noyes reported briefly as Chairman of the uentennial Fund Campaign Committee. He reported progress in the continuing build-up of organization and materials in preparation for announcement of the campaign in the autumn. He reported also with respect to the development of a nucleus fund of advance pledges and other major gifts which will be in hand at the time the cam paign is announced. 12. RECONSTITUTION OF STANDING AND SPECIAL COMMITTEES OF THE BOARD, EFFECTIVE JULY 1, 1962: Voted to reconstitute the committees of the Board of Trustees for the year beginning July 1, 1962, as follows: a * Executive Committee - Elected to membership were Trustees Cisler (Chairman)/ Donlon (Vice Chairman), Levis, Littlewood, Jansen Noyes, Jr., Scheetz, and Syme. It was noted that because of the new bylaw amendment enlarging the Executive Committee, Trustees Dean, Malott, John Olin, and Wood will be ex officio members of the Committee. b. Investment Committee - Elected were Trustees John M. Olin (Chairman), Purcell (Vice Chairman), Cisler, Collyer, Flanigan, Grumman, Levis, Newbury, and Jansen Noyes, Jr. c. Audit Committee - Elected were Trustees Mitchell (Chairman), Hollander, Peer, Rogers, and Trustee-elect Saper ston. d. Buildings and Properties Committee - Elected were Trustees Wood (Chairman), Columbus, Martinez, Newbury, and Trustee-elect Clark. e * Board Membership Committee - Elected were Trus tees Syme (Chairman), Deitrick, Donlon, Kiplinger, and Spencer T. Olin. 13. MEMBERSHIP OF ADMINISTRATIVE BOARDS AND ADVISORY COUNCILS OF THE SEVERAL COLLEGES, SCHOOLS, AND INDEPENDENT DEPARTMENTS: Voted to elect members of administrative boards and advisory councils of the several colleges, schools, and independent departments, effective July 1, 1962, for the periods indicated below: a ’ Joint Administrative Board of the New York Hos- pital-Cornell MedicaT Center - 0~nomination by the Chairman, President Malott was re-elected to membership for a three- year term. Board 6/11/62 4351 . .. b - gouncil for Cornell United Religious Work - On nomination by the Chairman, Trustee Scheetz was re-elected to membership for a two-year term. c * Council f or Cornell Laboratory of Ornithology - n recommendation of the Council, Crawford H. Greenewalt, enneth C. Parkes, and Phillips B. Street were elected to membership for three-year terms respectively. ^ • Library Board - On nomination by the President, Professors Richard W. Conway, Barclay G. Jones, and Mabel A. Collins were elected to membership for four-year terms. e . Board on Physical Education and Athletics - On nomination by the Chairman, Trustees Kiplinger and Rhodes were re-elected to membership for one-year terms. f . Board on Student Health - On nomination by the Chairman, Trustees Rhodes and Wright were re-elected, and Trustee-elect Deitrick was elected, each for a one-year term. g. Administrative Board of Cornell University Council - (1) On nomination by the Chairman, Trustees Rogers, Scheetz, and Syme were re-elected to membership for one-year terms. (2) On nomination by the President, Profes sors William D. Carmichael, Gordon P. Fisher, John W. McCon nell, and Arthur M. Mizener were elected to membership for one-year terms. h- Council for the College of Arts and Sciences - On recommenation by the President, the following-named per sons were elected to membership for one-year terms: Henry E. Abt, Victor Butterfield, J. Scott Butterworth, John M. Clark, Robert H. Collacott, Jeremiah S. Finch, Mark Kac, Mrs. James W. Kideney, Lawrence A. Kimpton, Sidney Kingsley, Austin H. Kiplinger, John S. Knight, Daniel E. Koshland, Jr., Carl A. Kroch, Jerome K. Orbach, Mrs. Lawrence Perkins, Henry S. Reuss, Mrs. William P. Rogers, Francis H. Scheetz, and Les lie R. Severinghaus. i. Council for the Graduate School of Business and Public Administration - Upon recommendation by the President, the following-named persons were elected to membership for terms of one year each: Robert 0. Bass, Harold Brayman, Lucius D. Clay, Joseph L. Eastwick, Clarence Francis, Roger W Jones, James A. McConnell, William R. Robertson, Nelson Schaenen, John P. Syme, and Guido F. Verbeck, Jr. 4352 6/11/6 2 Board J• Council for the School of Education - Voted to establish an advisory council for the School of Education and, upon recommendation of the President, to elect the following- named persons to membership thereon for terms of one year each: Mrs. Luise Addiss, Ralph E. Bender, Harold C. Bold, Edward S. Foster, Jacob W. Getzels, G-. Howard Goold, Myrtle S. Larkin, David Levene, Paul J. Misner, Harry W. Porter, John R. Rackley, and Townsend Rich. k. Council for the Engineering College - Upon rec- omendation by the President, the following-named persons were elected to membership for terms of one year each: Alexander M. Beebee, James R. Donnalley, Jr., Paul 0. Gunsalus, J. H. Hollomon, Mark Kac, Kenneth Kesselring, Karl J. Nelson, Beau champ E. Smith, Lloyd P. Smith, Philip Sporn, Howard H. Sturdy, J. Carlton Ward, Jr., Frederic C. Wood, L. I. Wool- son, and T. P. Wright. le Council for the Law School - Upon recommenda tion of the President, the following-named persons were elect ed to membership for terms of one year each: Millard Bartels, John E. Bennett, Ezra Cornell III, Arthur H. Dean, Mary H. Donlon, Marvin R. Dye, Thomas F. Fennell II, John M. Harlan, Frank C. Heath, Frank B. Ingersoll, Robert J. McDonald, Ed mund S. Muskie, W. Clyde O'Brien, Alexander Pirnie, C. Frank Reavis, William P. Rogers, Alfred M. Saperston, Justin A. Stanley, Elbert P. Tuttle, Joseph Weintraub, and Franklin S. Wood. m. Council for New York State College of Agricul ture and the Agricultural Experiment Stations - Upon recom mendation by the President, the following-named persons were elected to membership for terms of one year each: Morton Adams, Harold Brookins, Robert V. Call, Jr., Hamilton Cloth ier, Harold L. Creal, Silas Eakins, J. Stanley Earl, E. H. Fallon, Roger Forrence, Edward S. Foster, Robert Greig, T. E. La Mont, B. Burdette Lee, Albert K. Mitchell, Paul B. Orvis, Arthur E. Prosser, Harold G. Soper, C. Powers Taylor, Richard W. Thorne, Winfield D. Tyler, Robert E. Watts, Ralph H. Web ster, Don J. Wickham, John Wickham, and Bruce W. Widger. n. Council for New York State College of Home Economics - Upon recommendation by the President, the follow ing-named persons were elected to membership for terms of one year each: Mrs. Jacob (Ida) Benderson, Mrs. Clair M. Britt, Margaret Davidson, Ellen-Ann Dunham, Mrs. Harold J. Fallon, George L. Fersh, Mrs. James M. Flavin, Edward S. Foster, Mrs. Janet Hill Gordon, Ruth F. Irish, Mrs. Steve Karlik, Jr., Flemmie P. Kittrell, Mrs. Stillson Freeman Lawrence, Earl J. McGrath, Mrs. George W. McLellan, Mary Ellen Meade, Mrs. Jessie Middlemast, Mrs. Paul Newman, Rachel Reed, and Don J. Wickham. Board 6/11/62 4353 o . Council for the New York State Veterinary Col lege - Upon recommendation by the President, the following- named persons were elected to membership for terms of one year each: John D. Beck, Harold L.Creal, Henry Doremus, Harry Feldman, Clifford H. Hoppenstedt, William E. Jennings, Howard W. Johnson, Thomas E. Milliman, Albert K. Mitchell, Karl R. Reinhard, John R. Steele, Bernard F. Trum, and Bruce W. Widger. p . Council for the New York State School of Indus trial and Labor Relations - Upon recommendation by the Pres ident, the following-named persons were elected to membership for terms of one year each: Clifford A. Allanson, James E. Allen, Jr., E. Wight Bakke, William G. Caples, M. P. Cather- wood, Frank S. Columbus, Raymond R. Corbett, Mary H. Donlon, George H. Fowler, Harold J. Garno, William B. Groat, Ralph C. Gross, Thomas H. Hamilton, Harold C. Hanover, H. Follett Hodgkins, Sr., Louis Hollander, William Littlewood, Russell C. McCarthy, Keith S. McHugh, Charles A. Myers, John E. Sullivan, and Harry Van Arsdale, Jr. 14. DEATHS AND RESIGNATIONS REPORTED: a * Deaths - The President reported with regret the death of the following-named members of the Faculty: DANIEL GROVER CLARK, Professor of Botany, April 13, 1962. HERBERT H. SCHWARDT. Professor and Head of the Department of Entomology, May 14, 1962. b. Resignations - The President also reported res ignations by the following-named members of the Faculty: ISRAEL NATHAN HERSTEIN, Professor of Mathe matics . JOSEPH TYREE SNEED, Professor of Law. Dr. JOHN T. ELLIS, Associate Professor of Pathology in Surgery and Associate Professor of Pathology. c. Retirements - The President reported further^ the retirement of the following-named members of the Faculty: CYRL WALDIE TERRY, Professor of Agricultural Engineering, effective August 1, 19^2. ELIZABETH LORING BURCKMYER, Associate Pro fessor of Drawing, effective June 1, 19^2. 4354 6/11/6 2 Board ZOLTAN IMRE KERTESZ, Professor of Food Sci ence and Technology* effective July 1, 1962. 15. RETIREMENT AND APPOINTMENT AS EMERITUS PROFESSORS: Upon nomination by the President, the following persons were retired and awarded emeritus status, effective July 1, 1962: a. Medical College Dr. EDWARD TOLSTOI, Emeritus Clinical Profes sor of Medicine. Dr. JAMES M. NEILL, Emeritus Professor of Microbiology and Immunology. Dr. ARTHUR F. ANDERSON, Emeritus Clinical Professor of Pediatrics. Dr. OSKAR DIETHELM, Emeritus Professor of Psychiatry. b. New York State College of Agriculture MYRON SLADE KENDRICK, Emeritus Professor of Economics and Public Finance. HENRY DIETRICH, Emeritus Professor of Ento mology. DONALD STUART WELCH, Emeritus Professor of Plant Pathology. c . New York State Veterinary College HERBERT LESTER GILMAN, Emeritus Professor of Veterinary Bacteriology. 16. ELECTION BY BALLOT TO TENURE POSITIONS: The fol lowing-named persons were elected by ballot and with indefi nite tenure, to the positions specified in the respective colleges and schools: a. College of Arts and Sciences TOM EDWARD DAVIS was elected Associate Pro fessor in the Department of Economics, effective September 1, 1962. ANTHONY F. CAPUTI was promoted to Associate Professor in the Department of English, effective July 1, 1962. Board 6/ 11/62 4-355 GILBERT AGNEW HUNT was elected Professor in the Department of Mathematics, effective July 1, 1962. NICHOLAS C. BODMAN was elected Associate Pro fessor of Linguistics in the Division of Modern Languages, effective July 1, 1962. JOHN REUBEN WAY VALLENTYNE was promoted to Professor in the Department of Zoology, effective July 1 , 1962. b. Medical College Dr. WILBUR DAYTON HAGAMEN, Jr. was promoted to Associate Professor of Anatomy, effective July 1, 1962. Dr. ERNEST LOVELL BECKER was promoted to Associate Professor of Medicine, effective July 1, 1962. Dr. FARRINGTON DANIELS, Jr. was elected Asso ciate Professor of Medicine (Dermatology), effective July 1, 1962. Dr. MARVIN HERBERT SLEISENGER was elected Associate Professor of Medicine, effective July 1, 1962. Dr. JAY ROBERTS was promoted to Associate Professor of Pharmacology, effective July 1, 1962. c . New York State College of Agriculture HARRY THEODORE STINSON, Jr. was elected Pro fessor of Genetics in the Department of Plant Breeding, effective October 1, 1962. 17. MEMBERS-AT-LARGE ON CORNELL UNIVERSITY COUNCIL: Voted to elect retiring Trustees Helen H. Mackay and Leslie R. Severinghaus as members-at-large on the Cornell University Council for terms of three years each, effective July 1 , 1962. ADJOURNMENT: Upon motion the meeting was adjourned at 4:00 p.m. Neal R. Stamp Secretary 4356 6/11/6 2 Board APPENDIX I CENTENNIAL PLANNING COMMITTEE Report to Board of Trustees, Cornell University June, 1962 At Mr. Cisler1s request, I am offering a report of the Centennial Planning Committee to cover the full scope of its work from the formation of the Committee in July, i960, to the present. This report with attachments will be deposited with the Secretary of the Board for the official records. This Committee has concluded the first major portion of its work. Its membership is made up of nine trustees, two alumni representatives, three members of the faculty, and three members of the administration, including the President. Since its formation in July, i960, the full Committee has met nine times. During its first year of work, sub-committees were formed which also met a total of nine times. Under the Chairmanship of Arthur H. Dean, the Committee adopted a long-range agenda with three major purposes in view: - a study of the immediate financial requirements of the University and a projection of other financial objectives which might be deferred for fresh atten tion immediately following the Centennial year - a review of the educational program of the Univer sity to ascertain what elements require modifica tion and what innovations might most invigorate the educational leadership of Cornell - the proposal of public events most appropriate to the celebration of the Centennial covering the academic year 1965-66. The results of the financial review have already been recommended to you by the Executive Committee and have been validated by your vote. The scope of the preliminary educational review is indi cated by the original agenda attached to this document and by further suggestions from the Faculty Committee on Long-Range Planning, also offered for the record. Intensive work by ad ministration and faculty went into the preparation and review of these papers. While immediate benefits are apparent in certain instances, the larger portion of the task remains yet to be done. Board 6/ 11/62 4357 Among those things substantially completed are these: - a definition of the place of Centers for instruc tion and research (as contrasted to "departments'', "institutes", "schools") - a basic paper to guide the improvement of what is now referred to as "University Instruction" an im provement on the concept of "accessory instruction" to signify those courses offered by individual colleges but open to students from all sections of the campus - a work paper on "The Size of the University" - several papers on the place of graduate education in the University. In addition, a fresh calcuation of future demands for student housing at the University has been prepared and was reviewed by the Committee at its most recent meeting. In the program of the Centennial Campaign are included two major dor mitories and 250 apartment units. According to present pro jections additional needs by 1970 run as follows: Undergraduate men 750 $2 ,000,000 Undergraduate women 290 1 ,000,000 Graduate men 770 2 ,000,000 Graduate women 270 1 ,000,000 Married couples 640 units 3 ,000,000 $9,000,000 Within the next year the Centennial Planning Committee will need to propose an organization and the appropriate al location of duties in preparation for the observance of the Centennial year itself. In the meantime, we have accumulated for future reference a number of voluntary suggestions and a number of programs from other institutions recently having similar ceremonials. I believe it correct to state that sen timent now favors relatively few large-scale events during the Centennial year, emphasizing quality, rather than on year-long multiple activities calculated more to exhaust the participants than to inspire either the campus population^or the general public. To accomplish a program of such quality, however, a great deal of important preliminary work is re quired, and it should be started not later than say next Janu ary. On the basis of our present organization, it would be possible to start earlier if so desired. Not only for your own information but for the benefit of your fellow alumni, let me recount the staff assignments. Mr. Robert A. Kidera, Director of University Relations, is re- ^ sponsible for planning and executing special events, supervis 4358 6/ 11/6 2 Board ing the production of special written materials interpreting Cornell University, and generally supervising the News Bureau, which, of course, has its own director. Mr. Kidera also works with me and Mr, Bradley on policy and programs affecting alumni relations. Mr. Walter G. Bruska, Director of Development, is par ticularly responsible for liaison between Cornell and the Centennial Campaign staff and is increasingly responsible for capital giving. It is of the highest importance that certain of the top ics on the agenda of the Centennial Planning Committee and the Faculty Committee on Long-Range Planning be persistently followed up. For that reason it is urgent that the functions of the Centennial Planning Committee continue, though it is perhaps desirable that the Committee be reconstituted or its duties reallocated. Many people have commented on the bene ficial effects of the work of the Committee in providing occasion for a broad-scale examination of educational and fiscal matters. Most of the major items were already well recognized but had not received the careful scrutiny of enough people, especially those at many levels of the Univer sity upon whom the results of these plans ultimately depend. Increasingly, it is recognized that in recent decades no university has made a significant advance in matters fundamentally affecting the education of students. With in creasing enrollments threating to swamp the educational plant, one by-product of the crisis may be the renewal of vigor, per haps born of desperation, for a fresh attack on old, old prob lems of educational organization and method. For the univer sities which aspire to national and international leadership these questions are inescapable. Cornell must certainly prepare for more intensive work in this area, an area which requires the best thought of all those who take seriously their obligations in such a time as ours. The new questions of national and international eco nomics and politics bear inexorably upon questions of educa tion, and these factors now call for a level of information, intelligence and perseverance beyond anything in history. These Centennial years, therefore, will be a new test for all Cornellians. I have been privileged to serve as Acting Chairman for this Committee since Chairman Dean's call to duty in the national service in March, 1961. I have, however, urged the need to reconsider the leadership of the Committee and to continue a strong, representative group competent to review the many suggestions and proposals which yet will require attention; and thus to provide the administration, the Execu Board 6/11/62 4359 tive Committee, and the Board of Trustees with well-consider ed proposals. This would leave to me the liaison and staff work which still must be done. It is gratifying to observe and pleasant to acknowledge the response of faculty members and administrative colleagues to the arduous work necessitated by the agenda of the Cen tennial Committee. No one supposes that all the work in the area of educational review will result in action. The Com mittee does not affect the established lines of authority and decision. The Committee is at best but a forum in which it is possible to discuss matters for which there is all too little time in any institution. The administration and the trustees of the University alone are empowered ultimately to determine matters of policy. Nevertheless, the work of the Committee should enable the administration and trustees more effectively to reach sound conclusions. Clearly, the fundamental greatness of a university de pends upon what goes on in the classroom, the library, and the laboratory. But it is also true that no university achieves or maintains greatness without a certain clarity of outlook at the very center of the institution. Any work which helps to achieve this clarity is well worth the time and effort of everyone concerned about the future of the University. J. L. Zwingle Acting Chairman Centennial Planning Committee CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES INVESTMENT COMMITTEE Meeting held at 9:30 a.m., Tuesday, September 19, 1961, at the Manufacturers Trust Co., Fifth Avenue at 43rd Street, New York City PRESENT: Trustees Levis, Vice Chairman; Collyer, Flanigan, Grumman, Malott; Trustees Emeritus Griffis and Upson; Treasurer Durland and by invitation, Robert I. Knapp of the Treasurer’s Office staff. Regrets were received from Trustees Cisler, Dean, Newbury, Jansen Noyes, Jr., Olin and Purcell; Trustees Emeritus Noyes, Ripley, and Teagle. Vice Chairman Levis opened the meeting and the fol lowing items were considered: 1. The minutes of the meeting held June 20, 1961, were approved as presented. 2 . Treasurer Durland gave the Committee an informal oral report on the endowment fund results for the year ended June 30, 1961. Completion of the sale of the Warner Drug Co., El Paso, Texas, was also reported. 3. The Treasurer brought up for discussion the possi ble purchase of property now owned by Mr. Gardner Rogers and situated across from the Corners Community Center in Cayuga Heights. This property has a 375-foot frontage on Hanshaw Road and a total area of approximately three acres on which there is a large, modern stone residence, a garage and a stable. It is the only available commercially zoned property in the area. Though no decision as to exact price had been negotiated, it was Treasurer Durland’s recommendation that he Ii 9/19/61 Invest 0 Comm. be permitted to purchase the property for $150,000. He pre sented no plan for University use or development of this real estate, but asserted that it would be to the University’s best interest to buy it now, and that future and forseeable growth of this area would prove the purchase a wise one. The Committee discussed this proposal at length and finally approved the Treasurer's recommendation and author ized the purchase for a maximum of $150,000« 4. Purchases and sales as listed in the agenda since the meeting of June 20, 1961, were approved as presented. 5. The Committee noted the compostion of the total portfolio - that stocks represented almost 55 per cent of the adjusted total - and approved. 6. The maturity schedule was examined. The heavy em phasis on obligations due within one year was observed. There was still no inclination to enter the long-term bond market. 7. The report on the brokerage business transacted by the Treasurer’s Office from January 1, 1961, to July 1, 19^1, was examined and approved. 8. Assistant Treasurer Knapp presented his detailed study showing the areas of industry in which Cornell Univer sity is heavily committed and where it is not committed at all. Included along with the study was a recapitulation showing that the University's common stock position was roughly 30 per cent dependent on cyclical industries and JO per cent on relatively stable industries. The Committee noted the study with interest. 9 . The real estate report for the year ended June 30, 1961, was reviewed. Accounting conservatism, was the subject of considerable discussion. The Committee noted particularly that net income on both the Grant-Batavia, and Canadian Petro- fina properties had been credited to reserve. Nonetheless it approved these actions, together with the entire report, pri marily on the basis that they were consistent with the pre vious years’ action and in line with the Committee’s policy of severe write-offs of any questionably high(priced real estate. The meeting was adjourned at 10:45 a.m. Robert T. Horn Secretary H i CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OP TRUSTEES INVESTMENT COMMITTEE Meeting held at 9:30 a.m., Tuesday, October 17, 1961, at the Manufacturers Trust Co., Fifth Avenue at 43rd Street, New York City PRESENT: Trustees Cisler, Flanigan, Grumman, and Purcell; Trustee Emeritus Upson; Treasurer Durland, and by invitation, Robert I. Knapp of the Treasurer's Office staff. Regrets were received from Trustees Dean, Collyer, Levis, Malott, Newbury, Jansen Noyes, Jr., and Olin; Trustees Emeritus Griffis, Noyes, Ripley, and Teagle. NOTE: Since the University bylaws provide that a quorum of this Committee shall consist of five members, any actions taken can only be implemented upon approval at a subsequent meeting, a quorum being present. In the absence of the Chairman and Vice Chairman, former Chairman Flanigan presided. He opened the meeting at 9-30 a.m. and the following items were considered: 1 . The minutes of the meeting held September 19* 19^1, were approved as presented. 2 . Treasurer Durland read a letter from Controller Peterson suggesting that the former Sally Dunn Farm, now owned by Cornell's Endowment fund, be sold to the University Farm Land Purchase Account at the book value, $18,000, al though present market value is closer to $50,000. The prop erty is now used largely for sheep experimentation and the Endowment is paid 5 per cent on the purchase price. Sources of this rental payment are Federal and State Research Grants. Discussion of this specific piece of property led to the iv 10/17/61 Invest. Comm. broader question of State and Federal compensation for the use of private Cornell lands. The Investment Committee de cided to reserve decision on this transfer pending a land- use review by the Executive Committee. 3. Treasurer Durland read a letter from Trustee Emeri tus Griffis inviting the Committee to Palm Beach for all or any of its January, February, and March meetings. The invi tation was greeted with smiles, but those present thought that it should first be discussed with the Chairman. 4. Authority was granted to establish a bank account in the Ithaca Savings Bank of $1,235.30 under the title of Estate of Jacob Olejnik, Cornell University, Executor. Pur pose of the account is to effectively execute paragraph 7 of Mr. OlejnikTs will. Authorized to sign for the account are Treasurer Durland, and Assistant Treasurers Horn, Knapp, Miller, and Terwillegar. 5* The Committee approved a five-year extension of the present lease to J. C. Penney Company for its Ithaca opera tion, on the same terms and conditions - with one exception - namely, that J. C. Penney Company shall have the right to cancel the lease at any time during this extension on twelve months prior notice. 6 . Purchases and sales as listed in the agenda for this meeting were approved. 7. Comparison of book and market values was noted. 8 . The Common stock groups were reviewed in connection with a Treasurer's Office write-up on "Common Stock Invest ment and Current Conditions." The Committee directed its at tention primarily to the public utility holdings and the cy clical groups. For the former It felt that investment as a per cent of the total was not too great; that though prices had risen consistently and were at high "times earnings" ra tios, the primary factors for their Investment acceptance lay in the Government’s attitude toward them; that success in in vestment here depended to a large extent on alertness to ac tions of the F.P.C., the Department of the Interior, and the White House. Concerning the cyclical holdings there was gen eral agreement that some reduction in those holdings would be desirable over the next few months. Invest. Comm. 10/17/61 v 9. The Committee noted the maturity schedule, and ap peared disinterested in buying bonds whose maturity was as much as ten years away. Preferred over a straight ten-year obligation were bonds, perhaps with longer maturities, but with a common stock conversion feature. 10. A schedule of Building Projects was noted, together with short resumes of Economics Laboratories and Cenco In struments . 1 1 . The Mortgage Report for the year ending June 30, 1961, was reviewed and approved. The meeting was adjourned at 10:45 a.m. Robert T. Horn Secretary vi CORNELL UNIVERSITY PROCEEDINGS OP THE BOARD OF TRUSTEES INVESTMENT COMMITTEE Meeting held at 9^30 a.m., Tuesday, November 21, 1961, at the Olin Mathieson Chem ical Corp., 460 Park Avenue, New York City PRESENT: Trustees Olin, Chairman; Levis, Vice Chairman; Collyer, Grumman, Malott, Jansen Noyes, Jr.; Trustees Emeritus Griffis and Upson; and Treasurer Durland. Regrets^- were received from Trustees Cisler, Dean, Flanigan, Newbury, and Purcell; Trustees Emeritus Noyes, Ripley, and Teagle. Chairman Olin opened the meeting and the following items were considered: 1. The minutes of the meetings of September 19, 19^1, and October 17, 19^1, were approved as presented. 2 . Treasurer Durland reported that he was still nego tiating for the Gardner Rogers property, and hoped to conclude at a cost below the $150,000 price authorized, due to accept ance by the seller of part cash and part life income agreement arrangement. He also reported that the future status of the Sally Dunn farm would be on the next agenda for Executive Committee action, and outlined his thoughts regarding the course to follow. He also reported that the Investment Staff at Ithaca was losing a capable man, Morgan P. Hatch, and that he was preparing to seek a replacement. 3 . Trustee Griffis' personal invitation to the Commit tee for a meeting at Palm Beach met with immediate acceptance. After a brief consultation of individual calendars, it was Invest. Comm. 11/21/61 vii decided that the regular February and March meetings would be e<^* ^heir place, a meeting would be held at Mr. uriffis 1 home, 231 El Vedado Road, Palm Beach, Florida, on Saturday, March 3* 1962. . Purchases and sales since the October 17, 1961, meeting as listed in the agenda, were briefly discussed and approved. 5* The Committee reviewed the composition of the total portfolio, and the common stock portfolio. Discussion cen tered on the present state of the economy and the stock mar ket. Apprehensions about the national and international situations, about the questionable stability of the dollar, and about the lack of intelligent leadership in Washington, were expressed by several members. It was generally agreed that profits should be taken in the common stock list; that up to a ten-million-dollar reduction would be satisfactory; and that the timing and the extent of the reduction be left to the discretion of the Treasurer. Concern was also ex pressed about the reinvestment of the proceeds. Here again, the Committee left the final decision in the hands of the Treasurer, but the majority favored reinvestment in relatively short-term governments. In brief, it was the Committee's opinion that the strength of the stock market was not matched by the strength of the economy. 6 . In connection with the upcoming Centennial cam paign, Trustee Noyes brought up the question of possible present use of some portion of gifts which are subject to life income payments, stating that there was precedent for this procedure in fund drives of other universities. Because of the complex nature of the subject, he was asked to develop his proposal and submit it to this Committee at a future meeting. 7 . A complete list of all separately held funds was delivered to each member. The Chairman asked those present to study the list in preparation for review at the December meeting. 8 . Treasurer Durland reported that Amendment No. 6 had been turned down by the New York State voters; that as a con sequence the permanent financing of the State Dormitory Authority loan, planned for the spring of 1962, was now in question, and that he had been asked to present a report to the Executive Committee on the present alternatives. The viii 11/21/61 Invest. Comm. question to be answered was whether to proceed with permanent financing without state guarantee, or whether to continue temporary financing, and hope for voter approval of a state guarantee two years later. The meeting was adjourned at 10:50 a.m. Robert T. Horn Secretary ix CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES INVESTMENT COMMITTEE Meeting held at 9:30 a.m., Tuesday, December 19, 1961, at the Olin Mathieson Chemical Corp., 460 Park Avenue, New York City PRESENT: Trustees Olin, Chairman; Collyer, Flanigan, Grumman, Malott, Jansen Noyes, Jr., and Purcell; Trustees Emeritus Griffis and Upson. Regrets were received from Trustees Cisler, Dean, Levis, and Newbury; and Trustees Emeritus Noyes, Ripley, and Teagle. Treasurer Durland and Secretary Horn were grounded in Ithaca, thus unable to attend. Chairman Olin presided; the following items were considered: 1 . The minutes of the meeting held November 21, 1961, were approved as presented. 2. Treasurer Durland was authorized to open new inter- est accounts in banks - either commercial or savings - of his choosing. The purpose of this action was to give him flex ibility in placing deposits where he could realize the max imum return. The recent Federal Reserve decision to lift the ceiling on commercial bank interest payments has focused at tention on the relative attraction of this kind of short-term investment over the otherwise normal purchases of U. S. Treasury and Agency obligations. 3 . Purchases and sales as listed in the agenda for this meeting were approved. 4. After reviewing the sales against the present com position of the portfolio, the Committee agreed that the pro- x 12/19/61 Invest. Comm. gram of reducing common stocks had progressed far enough, and that the action taken at the November 21 meeting - that up to ten million dollars in common stocks be sold - be rescinded. Moderate equity purchase was suggested in any of the follow ing industries: (l) life insurance: (2) food and beverage; (3) banks; (4) electric utility; (5) recreation; (6) mer chandising. In the latter industry, F. W. Woolworth was men tioned as a company worth study. 5* The Committee discussed the Treasurer's memorandum on Dormitory financing, and indicated its approval of his recommendation. 6 . The write-up on Long Term Trends in Petroleum Demand was noted with interest. Trustee Grumman brought up a ques tion of fact concerning declining fuel consumption because of jet aircraft, and asked for clarification. 7. The matter of a replacement in the Investment Office was discussed. The Committee concluded that the decision be left to the Treasurer and the President. Deane W. Malott Secretary pro tem xi CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES INVESTMENT COMMITTEE Meeting held at 2 s15 p.m., Friday, January 26, 1962, in the Board Room, Day Hall, Ithaca, New York PRESENT: Trustees Olin, Chairman; Levis, Vice Chairman; Cisler, Malott, Jansen Noyes, Jr.; Trustee Emeritus Nicholas Noyes, Treasurer Durland and members of his staff, Knapp and Jones. Regrets were received from Trustees Collyer, Dean, Flanigan, Grumman, Newbury, and Purcell; Trustees Emeritus Griffis, Ripley, and Upson. Chairman Olin presided; the following items were considered: 1. The minutes of the meeting held December 19, 1961, were approved as presented. 2. A poll of the members present led to the reluctant but firm conclusion that a quorum could not be gathered for the March 3 meeting as guests of Trustee Emeritus Griffis in Palm Beach. The meeting was therefore cancelled, and the Com mittee decided to hold its next meeting on Tuesday, March 20, at 9*30 a.m. at the Olin Mathieson offices, 460 Park Avenue. 3. Treasurer Durland reported that he had placed three million dollars In one-year Certificates of Deposit at 4 per cent interest with the Marine Trust Company of Western New York. The Committee approved this investment. 4.. The Treasurer asked for clarification of the Com mittee's stock policy because of opposing action in the pre vious two meetings. After discussion it was agreed that the 50 per cent objective should be retained and that no major move in either direction should be undertaken prior to the xii 1/ 26/62 Invest. Comm. meeting to be held March 20. If during this interim period the Treasurer felt it advisable to do otherwise, it was un derstood that he would get the approval of the Chairman and other Committee members available. 5. On recommendation of the Treasurer and upon motion duly made* seconded and carried, the Committee approved the establishment of a bank account called New York Hospital - Cornell University to handle gifts to its joint fund-raising campaign. It authorized Lewis H. Durland, Treasurer, and Edward K. Taylor, Assistant Treasurer, to sign for Cornell. The Committee understood that Sara Master, Assistant Business Manager, is to sign for the New York Hospital. The bank ac count is with the United States Trust Company. 6 . The Committee discussed several Investment Real Estate matters and took action as follows; a) Approval was given for the sale of 160 acres of land in Beadle County, South Dakota, for $47.50 per acre, less costs of sale, and with Cornell retaining the mineral rights. b) Approval was given for a lease to Standard Oil Company of California covering mineral rights of Cornell's property at Woodman Avenue and Ox nard Street, Van Nuys Area, Los Angeles County, California. c) Approval was given for a lease to Texaco, Inc. covering mineral rights of Cornell's property at Crenshaw and Compton Boulevards, Gardena Area, Los Angeles County, California. d) The Committee indicated a preference for sale - over two five-year lease extensions - of the property at Woodman Avenue and Riverside Drive, Sherman Oaks Area, Los Angeles County, Cal ifornia. The present lease to Union Oil Com pany of California expires in 1974. 7 . The Treasurer reported that he was exploring the possibilities of productive use of one-half of the Gardner Rogers property with Grand Union, but that he was not yet ready to propose some definite course of action. The Commit tee suggested that if future use of the land for University purposes was involved, then the Executive Committee should be consulted before final action is taken. Invest. Comm. 1/26/62 xiil o. The Treasurer discussed the Sally Dunn Farm, point ing out that the Endowment portfolio owned it, and that he was loath to transfer ownership to the Farm Land Purchase Ac count because in that account Cornell was simply acting as agent for the State of New York. He felt that the value of the property had appreciated since the original purchase, and he was reluctant to sell at the cost price, or even at a price based on present estimated value, since he could see a bright future for the location. He therefore recommended, and the Committee approved, the retention of the property in the Endowment portfolio. 9- The Committee felt it would be unwise to invest Cornell funds, held in .a fiduciary capacity, in bonds soon to be issued by the State Dormitory Authority, Cornell Univer sity Series. 10. Purchases and sales as listed in the agenda for the meeting were approved. 11. All separately invested funds were reviewed and ap proved. Existing investment policy for each fund was en dorsed. The meeting was adjourned at 4:15 p.m. Robert T. Horn Secretary xiv CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES INVESTMENT COMMITTEE Meeting held at 9*30 a.m,, Tuesday, March 20, 1962, at the Olin Mathieson Chemical Corp., 460 Park Avenue, New York City PRESENT: Trustees Levis, Vice Chairman; Coilyer, Flanigan, Malott, Jansen Noyes, Jr., Purcell; Trustees Emeritus Griffis and Ripley; and Treasurer Durland. Regrets were received from Trustees Olin, Cisler, Dean, Grumman, Newbury, and Trustees Emeritus Noyes and Upson. Vice Chairman Levis presided; the following items were considered: 1 . The minutes of the meeting held January 26, 1962, were approved as presented. 2 . Concerning the Rogers property, Treasurer Durland reported that he had progressed to the point of concluding negotiations for purchase with Mr* and Mrs. Rogers, and with a major food chain for use of the property; that at the last minute the Rogers decided they preferred not to vacate. He therefore suggested that he be permitted to negotiate for fu ture control of the property for the University through five annual payments of $20,000. The Committee approved. 3 , Unanimous approvals were given to the following changes in checking account signatorss a) Resolved that Robert W. Robinson, Assistant Co ordinator of Research, be, and he hereby is authorized to sign checks on the Arecibo Branch of the First National City Bank of New York at Arecibo, Puerto Rico, in place of Mr. A. L. Johnson, resigned. Invest. Comm. 3/20/62 xv b) Resolved that Jo Ann Bishop, secretary to Rob ert L. Walsh, Director of Finance for the State Colleges, be, and she hereby is authorized to sign checks on the Tompkins County Trust Com pany, in place of Laura Arden, who is retiring. Resolved further that Laura Arden's authority be and it hereby is revoked. ^ • ^he Committee reviewed the record of income produc tion for the first eight months of the 1962 fiscal year; con sidered the estimates of income for the balance of the year, and approved the following recommendation to be forwarded to the Executive Committee: that a rate of 5-1/2 per cent be paid on endowment funds and funds functioning as endowments for the year 1961-62; and that 3 per cent be paid on non endowment funds and current funds, excluding Income Stabiliza tion Reserve. 5. Trustee Emeritus Ripley read a report of his ac tions as a representative of the Investment Committee in nego tiating with Atlantic Gulf and Pacific Company. The Committee approved his decisions and recommendations as to each separate point. Concerning the elimination of the non-callable pre ferred stock, the Committee voted to give Trustee Emeritus Ripley the authority to proceed with price negotiation in any manner he thought judicious. After his presentation the Committee registered its thanks, and its opinion that more progress had been made in the last nine months than in the previous forty years. 6 . The Committee was informed of the recent Given Foundation $1,000,000 gift, most of which was received in the form of 14,500 shares of H. J. Heinz Company common stock; the restrictions placed on the sale of the stock; and the ne cessity to raise about $230,000 by April, 1964, from the sale of stock. The Committee voted to give the Treasurer discre tion as to the timing of sales, pending discussions with com pany officials. 7 . Purchases and sales as reported in the agenda were approved. Some concern was expressed about the immediate outlook for bank stocks. It was the consensus of opinion that though dividends did not appear to be in jeopardy, that bank earnings generally were likely to suffer this year. 8 . The Committee approved a change in the guide for investment as follows: xvi 3/ 20/62 Invest. Comm. a) Reduce the Mortgage, Real Estate and Internal Investments guide from 7 per cent to 3 per cent. b) Raise the bond guide from 43 per cent to 47 per cent. After considering the Treasurer's Office review of investment activity and policy for the previous year, the Committee approved the continuance of a 50 per cent common stock objective, together with a bond purchase policy concen trating in short-term obligations. 9. The report of Commission and Volume for the period July 1 , 1961, to January 1, 1962, was noted and approved. 10 , The Committee asked that the agenda study of for eign investments be resubmitted at the April meeting. The meeting was adjourned at 11s 15 a.m. Robert T. Horn Secretary CORNELL UNIVERSITY PROCEEDINGS OF THE BOARD OF TRUSTEES INVESTMENT COMMITTEE Meeting held at 9:30 a.m., Tuesday, May 15, 1962, at the Olin Mathieson Chemical Corp., 460 Park Avenue, New York City PRESENT: TrusteesOlin, Chairman; Levis, Vice Chairman; Collyer, Flanigan, Grumman, Malott, Jansen Noyes, Jr., Purcell; Trustees Emeritus Griffis, Noyes, and Upson; and Treasurer Durland. Regrets were received from Trustees Cisler, Dean, Newbury, and Trustee Emeritus Ripley. Chairman Olin presided; the following items were considered: 1. The minutes of the meeting held March 20, 1962, were approved as presented. 2 . Executive Committee approval of the financing of a chilled water plant in Ithaca was reported. The amount - $800,000; source - Endowment Funds; the terms - 5-1/2 per cent interest, amortization over a twenty-year span. 3. The Treasurer recommended, and the Committee ap proved, for recommendation to the Executive Committee, Endow ment Fund financing for Hughes Dormitory as follows: Amount: up to $53^,000 Interest Rate: 5-1/2 per cent Amortization Term: 35 years The Treasurer explained that the project's budget was $1 ,700,000; that $1 ,166,000 was now available; and that the probabilities of additional contribution toward this xviii 5/15/62 Invest. Comm. project were such that much, if not all of the $584,000 was likely to be received from outside sources. Consequently, the chance for a maximum loan was slim. As to the interest rate, the Treasurer reported that though 5-1/2 per cent might seem high, he was following University policy in its determination. 4. - The Treasurer reviewed the size of Cornell's inter est in The First National Bank and Trust Company of Ithaca; reported that from time to time additional stock comes on the market; that to date, he had been acquiring this stock in small amounts. The Committee approved his actions, but rather felt that Cornell now held enough stock, and that continued acquisition of the shares aggressively could be suspended. Offerings of any substantial blocks should receive attention, however. The Committee also approved the sale from time to time of qualifying shares to prospective directors. 5« The Treasurer commented on the purchases and sales item by item, as listed in the agenda for this meeting. The Committee approved all actions. 6 . Finally, the Committee discussed the University In vestment Policy in the light of current economic conditions and the erosion of values in the stock market. It decided that we should adhere to the 50 per cent guide for common stock Investment; that within the equity list, it had no ob jection to the sale of some of the higher priced, lower yield ing securities in favor of stocks with higher yields, and greater asset support. As to bonds, the policy remains sher'r' term. 7 . Chairman Olin announced that the next Committee meeting would be held in the Wilcox Room at the Statler Inn at 7:30 a.m., Monday, June 11; that it would be a breakfast meeting. The meeting was adjourned at 10*50 a.m. Robert T. Horn Secretary xix CORNELL UNIVERSITY PROCEEDINGS OP THE BOARD OP TRUSTEES INVESTMENT COMMITTEE Meeting held at 7:30 a.m., Monday, June 11, 1962, at Statler Inn, Cornell Campus, Ithaca, New York PRESENT: TrusteesOlin, Chairman; Levis, Vice Chairman; Cisler, Dean, Flanigan, Grumman, Malott, Newbury, Jansen Noyes, Jr., Purcell; Trustees Emeritus Noyes and Upson; Treasurer Durland and members of his staff, Messrs. Bladen, Jones, and Knapp, by invitation. Regrets were received from Trustee Collyer and Trustees Emeritus Griffis and Noyes. Chairman Olin presided; the following items were considered: 1. The minutes of the meeting held May 15, 1962, were approved as presented. 2. The list of purchases and sales covering the period from the previous meeting through June 9* 19^2, was examined item by item and approved. 3 . The Committee approved an offering of five Union Oil gas station sites to Union Oil Company for $350,000 net, all or none. The five sites, all in the Los Angeles area, are presently under lease to Union Oil, all leases expiring in August, 1974. 4. The Committee discussed the composition of the total investment list; decided to leave the common stock ob jective at 50 per cent, and confirmed its May action as to investment policy (minute # 6 ). XX 6/ 11/62 Invest. Comm. 5. The Treasurer introduced Mr. Bladen, who spoke about present economic and monetary conditions, concluding that some serious world problems faced the economy, and that a cautious outlook toward investment was imperative. 6 . The Treasurer noted that recent stock price erosion had been particularly severe for cigarette companies and asked whether there was any inclination to lift the restriction on the purchase of these stocks. There was none. 7. The Chairman noted that the next regular meeting was scheduled for September, and he hoped economic conditions would not deteriorate to the extent that it would be necessary to convene during the summer. The meeting was adjourned at 9*15 a.m. Robert T. Horn Secretary INDEX OF TRUSTEES PROCEEDINGS 1961-62 Abt, Henry E. 4351. Acker, Ernest R. 4339. Adams, Morton. 4339, 4352. Adams, Robert M. 4335. Addiss, Luise. 4352. Adelmann, Howard B. 4258. Administrative Boards and Advisory Councils. 4259-60, 4287- 88, 4350-53. Admissions. 4108, 4l43, 4228, 4252, 4285, 4293, 4325, 4343. Admissions, Director of. 4343. Admissions and Financial Aids, Dean. 4343. Admissions, Office of. 4343. Admissions Procedures, Director of. 4343. Advanced Research Projects Agency of Department of Defense. 4095-96, 4118, 4133, 4l48, 4226. Advisory Councils. See Administrative Boards and Advisory Councils. Aeronautical Engineering, Graduate School of. 4214, 4230, 4260, 4288. Aeronautical Laboratory, Cornell. See Cornell Aeronautical Laboratory, Inc. Aerospace Engineering, Graduate School of. 4260, 426l, 4287, 4288. Agricultural Experiment Station, Geneva. 4108-09, 4117, 4149, 4303, 4344. Agriculture, New York State College of. 4108-09* 4ll4, 4117 4145, 4149, 4303, 4329, 4344. Agriculture, New York State College of, and the Agricultural Experiment Stations, Council for the. 4259-60, 4287-88 4352. Airplane. 4220, 4285. Aldrich, Wickham Hurd, Fund. 4121. Alexander, Charles A. 4167. Alexander, Charles A., Scholarship Fund. 4l67. Allanson, Clifford A. 4353. Allen, James E., Jr. 4353. Alpha Delta Phi Fraternity. 4109, 4112. Alpha Zeta Chapter, Sigma Kappa. 4113. Alpha Zeta Chapter of Sigma Kappa Scholarship Fund. 4113. Alumni Annual Giving. 4231-32, 4293* 4343. American Legion Property. See 415 Stewart Avenue Property. Anderson, Arthur F. 4354, Anderson, Walfred A. 4240. Andrae, William C. 4294. Andrews, Albert LeRoy. 4240. Andrews, Eugene P. 4111, Index - 2 Andrews, Engene P. and Helen Putnam, Fund. 4111. Andrews, Helen Putnam (Mrs. Eugene P.). 4111. Annuity Fund, Cornell,, 4255. Anonymous Fund No. 5. 4121. Anonymous Fund No. 15. 4121. Anonymous Life Income Fund No. l6 . 4314. Anthropology, Department of. 4217* 4335. Appropriations from Current Fund Balances. 4163, 4303* 4326, 4329, 4346. Appropriations from Current Operating Income. 4131* 4176* 4212, 4215, 4219, 4231, 4252, 4264, 4290, 4300, 4307* 4324, 4325, 4346. Arnold, Anne, Endowment Fund. 4314. Arnold, Carroll C. 4269. ARPA. See Advanced Research Projects Agency of Department of Defense. Arts and Sciences, College of. 4l66, 4l80, 4233* 4285* 4293. Arts and Sciences, College of, Council for the. 4259-60, 4287-88, 4351. Artusio, Joseph F„, Jr. 4309. Asian Studies, Department of. 4l80. Athletics, Division of. 4110, 4264. Atomic Energy Commission. 4135* 4150, 4267. Audit Committee. 4235, 4244-46, 4350. Auditor, University. 4171-72. Bache Business and Public Administration Building Fund. 4121. Bacon, George W., Estate. 4102, 4l65, 4255, 4302. Bader, W a J., Estate. 4328. Baker Laboratory. 4095* 4ll8, 4133* 4l48. Bakke, E. Wight. 4353. Balls, M. Earl. 4104. Ball, Thomas L. 4309. Bank Accounts, University. 4113. Barclay, Ralph K. 4l04„ Bard Hall. 4ll8, 4134, 4178, 4262. Barker, Nellie C., Scholarship Fund. 4314. Barlow, John Peleg. 4296. Barlow, Walter G. 4339. Barondess, Jeremiah A. 4309- Barrus, Mortier F. 4240. Bartels, Millard. 4352. Bass, Robert 0. 4351= Baumgartner, Charlotte W. 4243. Baumgartner, Leona. 4310, 4311. Beardsley and Beardsley. 4260, 4334, 4335* 4347. Beck, John D. 4353. Becker, Ernest Lovell. 4355. Beebee, Alexander M. 4339* 4352. Belcher, Anne. 4339. Belsley, Clay and M. Helen Kelsey, Scholarship Endowment. 4315. Bender, Ralph E, 4352. Index - Benderson, Mrs. Jacob (Ida). 4352. Bendich, Aaron. 4104. Bennett, John E. 4352. Bequests. See Gifts and Bequests. Berenberg, Samuel R. 4310. Berkowitz, H. C., Fellowship Endowment. 4315. Bethe, Hans. 4227. Bieber, Siegfried and Josephine, Scholarship Endowment. 4315 Bishop, Morris. 4292. Black, Roy T. 4339. Blankinship, Wallace C. 4339. Board Membership Committee. 4350. Board and Room, Students. 4l66-67, 4229. Board of Trustees. See Trustees, Board of. Bockius, George H. 4339. Bodansky, Oscar. 4104. Bodman, Nicholas C. 4355. Bold, Harold C. 4352. Bonsnes, Roy W. 4308. Boodley, James William. 4296. Booker, Henry G. 4261, 4287, 4324. Borhman, John W. 4339. Bouley, William E., Co. 4133, 4l48. Bradfield, Richard. 4240. Bradley, Ben 0 ., Property (Town of Dryden, New York). 4306. Bradley, George R. 4339. Bradley, Richard C. 4294. Brainard, Paul, Property (Cayuga Heights, Ithaca, New York). 4307. Brainard, William E. 4339. Brannon, Warren Forrest. 4296. Brannon, Warren Forrest, Property (Town of Dryden, New York). 4306. Brayman, Harold. 4108, 4351. Brenes, Dalai. 4242. Briant, Alice Mary. 4240. Bridges. 4219-20. Britt, Mrs. Clair M. 4252. Brochure. 4226, 4325. Broms, Bengt Baltzar. 4295. Brookins, Harold. 4352. Brown, Anna Maria, Fellowship Endowment. 4315. Brown, George B. 4104. Brown, Paul G., Estate. 4112. Brownell, Spencer, Jr. 4339- Brunie, Henry C. 4339. Brunschwig, Alexander. 4312. Budget. 4144, 4225-26, 4228, 4289, 4342, 4347. Budget, Endowed Colleges. 4098, 4100, 4lll, 4132, 4l48, 4150 4l64, 4176, 4212, 4215, 4225-26, 4228, 4230, 4253, 4264, 4289, 4300, 4301, 4327, 4347. Budget, Medical College. 4097, 4100, 4111, 4132, 4l48, 4150, 4l64, 4177, 4212, 4215, 4225-26, 4228, 4230-31, 4254, 4265, 4289, 4301, 4327, 4347. Index - 4 Budget, School of Nursing. 4215, 4225-26, 4231. Budgets, State-supported Colleges. 4108-09, 4117, 4148-49, 4303, 4344. Building Program. 4l44, 4285, 4334-35, 4347. Buildings and Properties Committee. 4350. Buildings and Properties Department. 4303. Bullis, H. Edmund. 4339- Burchenal, Joseph H. 4308. Burckmyer, Elizabeth Loring. 4353. Burgoin, Alice Margaret. 4297. Burstein, Charles L. 4312. Burton, John E. 4323. Business Executives Seminar on Implications of Space Explora tion. 4343. Business and Public Administration, Graduate School of. 4097, 4136, 4152, 4214, 4230, 4233, 4260, 4266-67, 4288 4333-34. Business and Public Administration, Graduate School of, Council for the. 4259-60, 4287-88, 4351. Butler, Katharine. 4309. Butler, Mrs. William F., Jr. 4232. Butterfield, Victor. 4351. Butterworth, J. Scott. 4351. Bylaws. 4331-32, 4346-47. Calendar, University. 4251, 4285. Call, Robert V., Jr. 4352. Callacott, Robert H. 4351. Calnek, Bruce Wixson. 4171. Campbell, James. 4294, Campus Development. 4334-35, 4347. Campus Store. 4171, 4260, 4288, 4334-35, 4347. Caples, William G. 4353. Caputi, Anthony F. 4354. Carlson, Eric T. 4311. Carmichael, William Daniel. 4233, 4351. Carnes, Betty, Fund. 4122. Carnes, Betty, Fund No. 2 . 4122. Carver, Walter B. 4240. Cascadilla Hall. 4109, 4112, 4324, 4346. Catherwood, M. P. 4353. Cavalieri, Liebe F. 4104. Centennial, Cornell, 4226. Centennial Campaign and Planning Committee. 4108, 4113, 4118-20, 4142, 4149, 4156-57, 4234, 4235, 4268, 4293, 4333, 4349, 4350, 4356-59. Centennial Campaign Unrestricted Gifts Fund. 4303-04, 4325. Centennial Fund-raising Campaign. 4113, 4118-20, 4l42, 4l49 4156-57, 4163, 4178, 4l8l, 4216, 4229, 4232, 4235, 4262 4268, 4281-82, 4289, 4293, 4303-04, 4312-13, 4325, 4346 Center for International Studies. See International Studies Center for. Chairman of the Board. 4332, 4347. Index - 5 Chairman of the Buildings and Properties Committee. 4332, 4347. Chairman of the Investment Committee. 4332, 4347. Chamot, E. M., Estate. 4302. Chapman, Seville. 4269. Charities Foundation Fund for Professorship. 4122. Chi Phi Fraternity. 4306. Chilled Water Plant. 4170-71, 4267, 4291, 4334. Cipollaro, Anthony C. 4308. Circle Cottages. 4260-61. Cisler, Walker L. 4269, 4348, 4350. Clark, Daniel Grover. 4353. Clark, John M. 4341-42, 4350, 4351. Clarke, Donald A. 4104-05. Class of 1915 50th Year Reunion Fund. 4316. Class of 1916 Fund. 4097. Class of 1916 Secretary's Fund. 4135. Class of 1919 Women Memorial Scholarship Fund. 4337. Class of 1961 Scholarship Loan Endowment. 4316. Class of 1964 Fund. 4316. Class of 1964 Women's Fund. 4316. Classics, Department of. 4103. Classification of Funds. 4115, 4121-29; 4305, 4314-21; 4331* 4337-38. Clay, Lucius D. 4351. Cliffton, Eugene E. 4312. Climatologist. 4227. Clothier, Hamilton. 4352. Clute, Leslie D. 4339. Cobb, John R. 4312. Cohen, Eugene F. 4309. Cointe, Georges L., Memorial Endowment. 4337. College Buildings Authority, New York State. 4096. Collingwood, Charles C. 4339. Collins, Leo F. 4171-72. Collins, Lucy J., Estate. 4255. Collyer, John L. 4350. Colman, Charles C. 4339. Columbus, Frank S. 4348, 4350, 4353. Comar, Cyril„ 4227. Computing Center. 4102-03. Computing Systems. 4l80. Constitution, New York State. 4135-36, 4150-51. Construction. 4288. . Control Data Corporation (CDC). 4102-03, 4l80. Conway, Richard W. 4351. Cooper, William* 4312. Cooper, William A. 4312. Corbett, Raymond R. 4353. Cormia, Frank E, 4309. i.o q ^ Cornell Aeronautical Laboratory, Inc. 4146, 42o9, 42o9- Cornell Annuals Endowment Fund. 4215. Cornell, Ezra, III. 42l6, 4220, 4352. Index - 6 Cornell Fund. See Greater Cornell Fund, Cornell, Nelson W. 4312. Cornell United Religious Work, Council for. 4105, 4351. Cornell University. 4228. Cornell University Council. 4170, 4228, 4229, 4335, 4339, 4355* Cornell University Council, Administrative Board. 4351. Corson, Dale R. 4269. Cotts, Robert M. 4295.' Council, Cornell University. See Cornell University Council County Extension Service Associations. 4l80. Courtney, John, Alumni Memorial Scholarship Endowment. 4122 Creal, Harold L. 4352, 4353. Crosier, Willard Francis. 4295. Cunningham, Gordon R. 4294. Curfew. 4252, 4268. Current Fund Advances. 4110, 4ll8, 4l63, 4l66, 4178, 4214. Current Funds. 4266, 4289. Current Operating Income Appropriations. See Appropriations from Current Operating Income. Cutler, Virginia. 4339. Dalldorf, Gilbert. 4104. Dalton, Albert J. 4104. Daniels, Farrington, Jr. 4355. Dargeon, Harold W. K. 4310. Dattlebaum, David. 4339. Davidson, Margaret. 4352. Davis, E. William, Jr. 4309. Davis, Hollis Rexford. 4295. Davis, Richard G. 4339- Davis, Tom Edward. 4354. Davis, W. True. 4339* Day, Emerson. 4104. Dean, Arthur H. 4269, 4300, 4343, 4344, 4350, 4352. Dean, Arthur H., Reading Room. 4300, 4344. Dean of the Faculty. 4134, 4151. Dean of Men. 4105. Dean of Students. 4105, 4294. Dean of Women. 4105* Deaths of Professors and Associate Professors. 4153, 4240, 4294, 4353. Debye, Peter J. W. 4171. Deddish, Michael R. 4312. de Gara, Paul F. 4310. Degrees. 4233, 4294. Deitrick, John E. 4348, 4350, 4351. Delehanty, Donald Dee. 4335. Delta Kappa Epsilon Group Housing Fund. 4122, 4317. Delta Tau Delta Group Housing Fund. 4317. Delta Upsilon Group Housing Fund. 4317. Deming, Walter F., III. 4339 Index - Demorest, Jean-Jacques. 4307. Dennen, Edward H. 4309. Denues, A. R. T. 4104-05. Dethier, Bernard Emil. 4296. Deubler, Henrietta. 4339. Diamond, Henry D. 4309. Dicianne, Leo J. 4339- Diefendorf Commission. 4323. Diethelm, Oskar. 4354. Dietrich, Henry. 4354. Dilger, William C. 4l8l. Dillon, Thomas F. 4309. Dillon, William G. 4339. Doft, Elliott B. 4339. Dominick, Bennett Avery, Jr. 4295. Donlon, Mary H. 4350, 4352, 4353. Donlon, Mary H., Income Fund No. 2. 4316. Donnalley, James R., Jr. 4352. Donnellan, Keith Sedgwick. 4308. Doremus, Henry. 4353. Dormitories. 4166-67, 4229, 4334, 4347. Dormitories, Women's. 4334. Dormitory Authority, New York State. 4113, 4135-36, 4150-51 4167, 4179, 4216, 4220-21, 4236-39, 4252, 4267-68, 4270 4271, 4290-91, 4324, 4345-46, 4346. Dormitory Financing. 4l67, 4179* 4216, 4220-21, 4236-38, 4252, 4324-25, 4346. Dougherty, Robert W. 4153. Draper, John W. 4312. Dreier, Walter C., Endowment Fund. 4123. Dudley, Leonard A., Scholarship Endowment. 4317. Dughi, Louis J. 4339- Dunbar, Howard S. 4312. Dunham, Ellen-Ann. 4352. Dunning, Henry S. 4308. Durland, Lewis H. 4300. Durland, Lewis H., Fund. 4300. Durling, Robert M. 4242. Dworetzky, Murray. 4309. Dye, Marvin R. 4352. _ Dynamitron Accelerator (3-MEV). 4135, 4150, 4267. Eakins, Silas. 4352. Earl, J. Stanley. 4352. Eastwick, Joseph L. 4097, 4351. Eastwick, Joseph L., Professorship Fund. 4097. Eckert, E. J., Company. 4171. , Education, School of. 4115, 4253* 4255, 4286, 4334, 4347. Education, School of, Council forthe. 4352. Eisner, Thomas. 4296. Elder, Henry. 4294. Elections by Ballot of Professors and Associate Professors. 4l54_55, 4240-43, 4295-97, 4354-55. Index - 8 Electric Distribution Plant. 4099. Electric Power Laboratory Development Fund. 4305. Electrical Engineering, School of. 426l, 4287., 4324. Electron Synchrotron (3-BEV). 4115, 4150. Elledge, Scott. 4241. Elliott, Mrs. Estes C. 4339. Ellis, Dr. John T. 4353. Emeritus Professors. 4154, 4240, 4294, 4354. Emerson, W. I. 4219. Emerson, W. I., Property (North Triphammer Road, Town of Lans ing, New York). 4219. Endowed Colleges at Ithaca. 4l47, 4234, 4292, 4349. See also Budget, Endowed Colleges. Endowment Funds, 4266, 4288-89* Engineering, College of. 4l66, 4168-69, 4179, 4293. Engineering, College of, Council for the. 4259-60, 4287-88, 4352. Engineering Development Fund. 4135, 4150, 4267. Engineering Quadrangle. 426l. Engle, Joseph B. 4339. English, Department of. 4233, 4270. Ennis, Robert Hugh. 4296. Enrollment, 4l45. Eppleur, Charles, Jr., Fund. 4123. Epstein, Nathan. 4310. Equipment. 4176. Evett, Kenneth. 4240. Executive Committee. 4108, 4170, 426l, 4331-32, 4332-33, 4346-47, 4350. Extension Service. 4324, Extramural Division. 4214, 4230, Faculty. 4227, 4294. Faculty Dismissal Procedure. 4103* Faculty Salaries. 4232. Fallon, E. H. 4352, Fallon, Mrs. Harold J. 4352. Far Eastern Studies, Department of. 4l80. Farm Land Purchase Fund. 4ll4, 4306. Farr, Newton C. 4339- Farrow, Joseph H. 4312. Feder, Aaron. 4309. Fees. 4214, 4230. See also Tuition and Fees. Fehr, Robert 0. 4l04. Feldman, Harold. 4296-97. Feldman, Harry. 4353. Fennell, Thomas F., II. 4252. Fernow, Karl Hermann. 4154. Fersh, George L. 4352. Film, Cornell Documentary. 4252. Financial Aids. 4343. Financial Aids, Director. 4343. Index - 9 Financial Report. See Treasurer. Financial Situation. 4342. Financial Support. 4l43. Finch, Jeremiah S. 4351. Finck, Elmer E. 4339. 1298-1300 First Avenue, New York City, Property. 4266, 4289. Fischer, Irving C. 4339. Fisher, Edwin Horace, Fund. 4123. Fisher, Gordon P. 4351. Fiske, Jennie McGraw, Stone Plaque. 4299, 4344. 1 Flach, Frederic F. 4311. Flanigan, Horace C. 4350. Flavin, Mrs. James M. 4352. Flick, Arthur B. 4215. Flick, Arthur B., Property (211 Maple Avenue, Ithaca, New York). 4215. Fogh, Jurgen E. 4104. Foley, William T. 4309. Foote, Frank W. 4104. Forbes, James C. 4339. Ford Foundation. 4l68-69, 4227, 4234-35, 4258, 4329. Ford Foundation Center for International Studies Fund. 4329. Ford Foundation China Fund. 4329. Ford Foundation Engineering Dean's Fund. 4168-69. Ford Foundation Engineering Faculty Released Time Fund. 4l68. Ford Foundation Engineering Fellowship Fund. 4l68. Ford Foundation Engineering Loan Fund. 4l68. Ford Foundation Engineering Professorship. 4227. Ford Foundation Engineering Professorship Fund. 4l68-69, 4256-58, 4284, 4287, 4330. Ford Foundation Grant for International Studies. 4329. Ford Foundation International Agricultural Development Fund. 4329. Ford Foundation School of Education Program Fund. 4123c Ford Foundation Southeast Asia Fund. 4329. Foreign Students. See Students, Foreign. Forkner, Claude E., Sr. 4308. Forrence, Roger. 4352. Foster, Edward S. 4352. Fowler, George H. 4353. Fox, Jack J. 4104-05. Francis, Clarence. 4351. Fraternities. 4143-44. Frazell, Edgar L. 4312. Freyberg, Richard H. 4308. Friederich, A., & Sons Co., Inc. 4305, 4345. Friend, Charlotte. 4104-05. Fryer, Jeffrey Harwood. 4153. Fukushima, David K. 4104-05. Fund for Development of the University. 4099, 4102, 4109-10, 4112, 4133, 4165, 4178, 4213, 4253, 4255, 4261, 4266, 4302, 4328. Index - 10 Fund Raising. 4096- Furnas, C. C. 42§9. Furry, Ronald Bay. 4295. Gallagher, Thomas F, 4104. Gans, Joseph H. 4153. Garno, Harold J. 4353. Gas Cylinders. 4l63. Gas Lines. 4115. Gasteiger, Edgar L., Jr. 426l0 Gause, Ralph W. 43090 General Reserve. 4101, 4111, 4132, 4l64, 4177, 4212, 4254, 4265, 4301, 4328. General Services. 4108-09, 4117, 4l49, 4303, 4344. Genung, George L., Fund. 4097. Geology Camp (Spruce Creek, Pennsylvania). 4171. Geology, Department of. 4307. Gepfert, Randolph. 4309. Geske, David H. 424l. Getzels, Jacob W. 4352. Gifts and Bequests. 4146-47, 4l8l, 4216, 4227, 4229, 4233-34 4292, 4342, 4348-49. Gifts, Unrestricted. 4099, 4102, 4112, 4132-33, 4146-47, 4165, 4177, 4213, 4233-34, 4254-55, 4265-66, 4292, 4302, 4328, 4342, 4349. Gilman, Herbert Lester. 4354. Given Foundation (The Irene Heinz Given and John La Porte Given Foundation, Inc.). 4l6g, 4173-74, 4229, 4255-57, 4286-87, 4291, 4304, 4330-31. Given Foundation Book Fund. 4173-74, 4229, 4256-57, 4286, 4331. Given Foundation Engineering Professorship Fund. 4330, 4331. Given Foundation Fund. 4256-57, 4330-31. Given Foundation Humanities Professorship Fund. 4330, 4331. Given Foundation Professorship of Engineering. 426l, 4287. Given Foundation Professor of Musicology (Given Foundation Professorship in the Humanities). 4335. Given Foundation Professorship in Engineering. 4l69, 4173-74 4229, 4256-57 , 4261, 4286-87. Given Foundation Professorship in the Humanities. 4173-74, 4229, 4256-57, 4286, 4335. Given, John La Porte. 4291. Given, William P. 4309. Glassman, Oscar. 4310. Glee Club. 4103, 4l67. Glee Club Advisory Council. 4236. Golay, Frank Hindman. 4241. Gold, Thomas. 4269. Goldberg, Henry P. 4310. Goldstone, Herbert A. 4339* Goodstein, David B., Scholarship Endowment. 4123. Goold, G» Howard. 4352. Index - 11 Gordon, Mrs. Janet Hill. 4352 Graduate Assistants. 4l66. Graduate School. 4l43, 4145, 4214, 4226, 4228, 4230, 4258. raham, Judge and Mrs. Samue] Jordan, Memorial Scholarship Endowment. 4128. Greater Cornell Fund. 4153, 4231-32, 4293, 4342-43. Greeley, Arthur V. 4310. Green, David, Fund. 4124. Greenewalt, Crawford H. 4351. Greig, Robert. 4352. Grindell, D. D. 4307. Grinnell, Julia Temple, Endowment. 4124. Groat, William B. 4353. Gross, Ralph C. 4353. Group Housing. 4097, 4113, 4170, 4178, 4216, 4252, 4306-07, 4317, 4345-46. Grout, Donald Jay. 4335. Grumman, Leroy R. 4269, 4350. Gunsalus, Paul 0 . 4352. Gussman, Herbert. 4339. Guterman, C. E. F., Memorial Fund. 4317. Hagamen, Wilbur Dayton, Jr. 4355. Hall, Theodore A. 4104-05. Hamilton, Francis J. 4311. Hamilton, Leonard D. 4104-05. Hamilton, Thomas H. 4353- Hampton, Joseph E. 4153. Hanks, Elton K. 4154. Hanover, Harold C. 4348, 4353. Hanson, C. Arnold. 4153. Harlan, John M. 4352. Harriman, Lewis G. 4269. Hartman, Dennis August. 4296. Hasbrouck Apartments. 4133-34, 4150. Haskins & Sells. 4235. Hathaway, Baxter Levering. 4241. Hauserman, Frederick. 4339. Hawkins, Delafield, and Wood. 4096. Hawks, Graham G. 4-310. Heartfield, Seth W. 4339- Heath, Frank C. 4352. Heidelberg Scholarship Fund. 4124. Heller, John R. 4311. Hemingway, Gertrude C. 4097. Hemingway Scholarship Fund. 4097. Hennings, Thomas C ., Jr., Memorial Fund. 4318. Henscke, Ulrich K. 4311. Hershey, Donald C. 4339. Herstein, Israel Nathan. 4353. High Voltage Laboratory. 4l§9, 4l79> 4234-35, 4258, 4305. Higher Education. 4298. Hill, Maury, Estate. 4165. Index - 12 Hinkle, Lawrence E., Jr. 4311c History, Centennial. 4292. Hochstein, Elliott. 4309. Hodgden, Lee F. 4103. Hodgkins, H. Follett, Sr. 4353. Hodgson, Patrick H. 4269. Hogan, William Edward. 4242. Holbrook, George. 4339. Holcomb, Donald Frank. 4242. Holland, Jerome H. 4339. Hollander, Louis. 4348, 4350, 4353. Hollister Hall. 4ll8. Hollomon, J. H. 4352. Holmberg, Allan R. 4335. Holmes, Robert S. 4153. Home Economics, New York State College of. 4108-09, 4117, 4149, 4243, 4303, 4344. Home Economics, New York State College of, Council for the. 4259-60, 4287-88, 4352. Hooker, R. Wolcott. 4339. Hoppenstedt, Clifford H. 4353. Horsfall, Frank L., Jr. 4104, 4308. Hospital Administration, Sloan Institute of. 4266-67, 4288. Housing. See Group Housing, Student Housing, Dormitories. Howard, Fred H. P., Estate. 4255. Howe, John P. 4154. Howland, William S. 4312. Hsu, John Tseng-Hsin. 4242. Hughes, Charles Evans, Hall. 4171, 4260, 4288, 4305, 4330, 4344.45. Hughes, Charles Evans, Law Residence Center Fund. 4124. Hunt, Gilbert Agnew. 4355. Hunter, Francis T. 4335-36. Hunter, Francis T., Gift. 4335-36. Hunter, Francis T., Tennis Trophy Award. 4318. Hurlburt, Alfred. 4215-16, 4231. Hurlburt, Alfred, Property (4301 Armstrong Parkway, Dallas, Texas). 4307. Hurlburt, Alfred, Trust Fund. 4215-16. Hurlburt, Alfred and Ellen, Fund. 4215-16, 4231. Hurlburt, Ellen J . (Mrs. Alfred). 4215-16, 4231. Hurlburt, Ellen J. (Mrs. Alfred), Trust Fund. 4215-16. Hurwitz, Wallie A. 4258-59- Hurwitz, Wallie A., Fund. 4258-59. Husa, Karel. 4242. Hutchison, Dorris J. 4104-05. Hyatt, Roger C. 4172. Hyatt, Roger C., Estate. 4172. Hyde, Howard Elmer, Civil Engineering Scholarship. 4337. Hydroelectric Generator. 4334. Index - 13 IBM Professor of Engineering and Applied Mathematics. 426l, 4284. IBM Professorship in Engineering and Applied Mathematics. 425?-58, 426l, 4287. See also International Business Machines Corporation. Income, General. 4286. Income, Unrestricted. 4100. Industrial and Labor Relations, New York State School of. 4136-37, 4149, 4151, 4291, 4303, 4344. Industrial and Labor Relations, New York State School of, Council for the. 4259-60, 4287-88, 4353. Industry Research Park. 4235. Ingersoll, Frank B. 4352. Interdepartmental Committee on Literature. See Literature, Interdepartmental Committee on. Interest Rates. 4266, 4288-89. International Business Machines Corporation. 4227, 4258, 4284. See also IBM Professorship in Engineering and Applied Mathematics. International Studies, Center for. 4226, 4227, 4329. Inter-University Project, School of Education. 4115. Investment Committee. 4235, 4247-49, 4331, 4350. Investment Funds. 4266, 4288-89, 4330, 4334, 4345. Investment Office. 4235. Irish, Ruth F. 4339, 4352. Irvine, William Lloyd. 4115. Irwin & Leighton Construction Co., Inc. 4333. Isles, Philip. 4097. Isles, Philip, Fund. 4097. Ithaca, City of. 4219-20, 4285. Ives, Irving M. 4136-37, 4151. Ives, Irving M . , Hall. 4136-37, 4151. Jacobi, Mary Putnam - Anna Forrest Rowe Scholarship Endowment Fund. 4128. Jacobs, Stephen W. 4240. Jacquez, John A. 4104-05. Javert, Carl T. 4310. Jennings, J. Arthur, Endowment. 4124. Jennings, William E. 4353. Jessup, George. 4170. Jessup, George, Road. 4170. Jewett, Richard W. D. 4339. Johannsen, Oskar A. 4240. Johndrew, Orvis Franklin, Jr. 4296. Johnson, Alvin A. 4324. Johnson, David Kennedy, Endowment Fund. 4318. Johnson, Donald G. 4310. Johnson, Herbert F. 4348. Johnson, Howard W. 4353. Johnston, Herbert R. 4-339* Johnstone, Harry I. 4339- Index - 14 Joint Administrative Board of the New York Hospital-Cornell Medical Center. 4350. Jolles, Otto Jolle Matthijs. 4295. Jones, Barclay Gibbs. 4103, 4351. Jones, Roger W. 4351. Joyner, Edmund N., III. 4310 Kac, Mark. 4153, 4351, 4352. Kahn, H. Peter. 4241. Kammerer, William H. 4309. Kappa Delta Rho Contingent Group Housing Fund. 4318. Kare, Morley R. 4153. Karlik, Mrs. Steve, Jr. 4352. Karnofsky, David A. 4308. Kauer, George L. 4309. Kean, B. H. 4309. Keast, William Rea. 4233. Keeler, Martha D. B., Estate. 4112. Keeler, Martha Durell Bodine, Scholarship Loan Fund. 4319- Kendrick, Myron Slade. 4354. Kersting, Brown & Co. 4312-13. Kersting, Carl A. 4312. Kertesz, Zoltan Imre. 4354. Kesselring, Kenneth. 4352. Kesten, Harry. 424l. Kideney, Mrs. James W. 4351. Kimpton, Lawrence A. 4351. Kinbacher, Edward John. 4l8l. Kingsley, Sidney. 4351. Kiplinger, Austin H. 4236, 4350, 4351. Kira, Alexander. 4241. Kirkham, Frederic T. 4309. Kittrell, Flemmie P. 4352. Klingon, Gerald H. 4309. Knight, John S. 4351. Kochen, Simon Bernard. 424l„ Koenig, Hedwig. 4310. Kops, Daniel W. 4339. Korngold, Leonhard. 4312. Koshland, Daniel E., Jr. 4351. Koss, Leopold G. 4104-05. Kramer, Milton L. 4308. Krebs, Frederick W. 4339- Kroch, Carl A. 4351. Kufner, Herbert L. 424l. Kyser, Kathryn Belle, Scholarship Loan Endowment. 4319. LaBelle, Robert Lawrence. 4295. Labor and Industrial Relations, New York State School of. 4108-09, 4117. Laboratory of Ornithology Building Addition Fund. 4124. Laboratory of Ornithology, Council for. 4351. Index - 15 LaDue, John S. 4309. Lafayette Collection. 4324. La Mont, T. E. 4352. Lampe, Ernest W. 4312. Land Transactions. 4114-15, 4149-50, 4305-06. Large Animal Hospital (Veterinary College). 4335. Larkin, Myrtle S. 4352. Laube, Herbert D., Endowment. 4125. Laughlin, John S. 4104. Law School. 4214, 4230, 4242. Law School, Council for the. 4259-60, 4287-88, 4352. Lawrence, Mrs. Stillson Freeman. 4352. Lectures. See University Lectures. Lee, B. Burdette. 4352. Legal Services. 4264. Legislation, New York State. 4l80. Leighton, Alexander H. 4311. Leighton, Dorothea C. 4311. Leonard, Wallace 0 . 4339. Levene, David. 4352. Levine, Milton I. 4310. Levis, J. Preston. 4350. Levis, J. P., Professorship Endowment. 4122. Levy, Joyce and Robert, Scholarship Endowment Fund. 4125. Lewis, George M. 4308. Lewis, William L. 4339- Ley, Allyn B. 4308. Lhamon, William T. 4l80, 4242. Library, University. 4lf6, 4212, 4226-27, 4229, 4299-4300. Library (University) Board. 4351. Lichtman, Sol S. 4153. Liebolt, Frederick L. 4312. Life Income Agreements and Bequests. 4304. Lintz, Robert M. 4309. Lipchitz, Jacques. 4227. Lisberger, Theodore, Memorial Scholarship Endowment. 4319* Literature, Interdepartmental Committee on. 4335. Littlewood, William. 4269, 4350, 4353. Lodahl, Thomas. 4270. Longest, James William. 4296. Luckey, E. Hugh. 4342. Ludington, Howard J. 4139-40, 4223, 4232. MacDonald, Russell Earl. 4296. Machine Records Division. 4176. Mackay, Helen H. 4342, 4355- Mackesey, Thomas W. 4134, 4151. MacNaughton, Edgar. 4330. MacNaughton, Edgar, Life Income Gift. 4330. MacNaughton, Lewis W. 4339. Macneil, Ian Roderick. 4242. Malott, Deane Waldo. 4136, 4152, 4269, 4350. Index - 16 Malott, Deane Waldo, Hall. 4-136, 4152. Malti, Michel G. 4294. Mann, Edward C. 4310. Marbury, Benjamin E. 4310, 4312. Martinez, Juan J. 4139, 4350. Materials Science Center. 4095, 4290, McCarthy, Russell C. 4353. McCarty, Donald James. 4296. McConkey, James R. 4154. McConnell, James A. 4351. McConnell, John W. 4291, 4351. McDonald, Robert J. 4352. McGee, Cushman. 4096. McGrath, Earl J. 4352. McGraw Tower. 4300, 4344. McHugh, Keith S. 4353. McKeegan, Paul L. 42§9. McLane, Charles M. 4309. McLellan, Mrs. George W. 4352. McMaster, Donald. 4223, 42§9, 4283. McNeer, Gordon. 4312. McVoy, Martin, Estate. 4109-10, 4112. Meade, Mary Ellen. 4352. Medical Center. See New York Hospital-Cornell Medical Center. Medical College. 4104-05, 4113, 4l47, 4175, 4214, 4234, 4252-53, 4259, 426l, 4266, 4289, 4304, 4308-12, 4326, 4346, 4349- See also Budget, Medical College. Medical College Fund-raising. 4325-26, 4333, 4346* Medical College Reserve Fund. 4101. Medical Progress, Fund for. 4304, 4326. Meigs, Robert B. 4269. Meinwald, Jerrold. 424l. Mellors, Robert C. 4310. Microbiology and Immunology, Department of (Cornell Univer sity Medical College). 426l, 4295. Microbiology Laboratory (Medical College). 4326. Middlemast, Mrs. Jessie. 4352. Milhorat, Ade T. 4308. Milliman, Thomas E. 4223, 4353. Misner, Paul J. 4352. Mitchell, Albert K. 4350, 4352, 4353. Mitchell, G. Gordon. 4339. Mizener, Arthur M. 4351. Modern Languages, Division of. 4300. Moffitt, Thomas E. 4339. Mohawk Airlines. 4099, 4220. Money, William L. 4104-05. Montague, Henry A. 4339. Moore, Alice E. 4104-05* Moritz, Samuel J., Scholarship Endowment. 4125. Morrison, Mary Alice. 4297. Index - 17 Mowrer, Frank R. and Blanche A., Memorial Fund. 4337. Muller, Steven. 424l. Multiple Residence Law. 4099. Murphy, M. Lois. 4310. Muschenheim, Carl. 4308. Muskie, Edmund S. 4352. Myers, Charles A. 4353.* Myers, W. P. Laird. 4308. Nathanson, Joseph N. 4309. National Institute of Health. 4326. National Science Foundation. 4102-03, 4l80. Naval Research, Office of. 4115, 4150. Neill, James M. 4354. Nelkin, Mark S. 4308. Nelson, Karl J. 4352. Nerode, Anil. 424l. Network Analyzer. 4179. Newbury, George A. 4269, 4350. Newman, Floyd R. 4105, 4291, 4324. 4346. Newman, Floyd R., Gift. 4105, 4324, 4346. Newman, Helen (Mrs. Floyd R.). 4291. Newman, Helen, Hall. 4105, 4ll8, 4134, 4324, 4346. Newman, Mrs. Paul. 4352. New York Hospital-Cornell Medical Center. 4096, 4113, 4l64, 4259, 4293, 4304, 4325-26, 4333, 4346. New York State College Buildings Authority. See College Buildings Authority, New York State. New York State Dormitory Authority. See Dormitory Authority, New York State. New York State Electric and Gas Corporation. See Utilities. New York State, Relations with. 4297-98. Nichols, M. L. 4154. Nickson, James J. 4311. Noyes, Jansen, Jr. 4350. Nuclear Reactor Laboratory. 4135, 4150, 4l6g, 4234-35, 4267. Nuclear Studies, Laboratory of. 4115, 4150. Nursing, School of. 4259. See also Budget, School of Nursing. Nutrition, Graduate School of. 4214, 4230. Oberly, Gene Herman. 426l. O ’Brien, W. Clyde. 4352. O ’Connell, Fred J. 4172. Odell, Arthur G. 4339. Ogden, Isabelle C. 4215. Olejnik, Jacob, Endowment. 4125. Olin, John M. 4350. ^ ^ Olin, John M . , Library. 4ll8, 4171, 4212, 42l6, 4226-27, 4252. Olin, Spencer T. 4348, 4350. Onstott, Howard K. 4339* index - 18 Oppel, Theodore W. 4309. Orbach, Jerome K. 4351. 0 TRegan, Charles H. 4310. Ornithology, Laboratory of, Council for. See Laboratory of Ornithology, Council for. Ortega, Louis G. 4104-05. Orton, Lawrence M. 4339. Orvis, Paul B. 4352. Ostrander, Charles Evans. 4296. Oxford, M. R ., Estate. 4178. Pack, George T. 4312. Pahl, William C., Construction Co. 4133, 4150 Pao, Yih Hsing. 4242. Parkes, Kenneth C. 4351. Parking. See Traffic, Campus. Parsons, Herbert. 4312. Patten, Z. Cartter. 4339. Patterson, Robert L. 4312. Payne, Mary Ann. 4309. Pechuman, LaVerne LeRoy. 4335. Peer, Sherman. 4350. Penney, Norman. 4242. Perini Corporation. 4171, 4216. Perkins, Mrs. Lawrence. 4351. Petermann, Mary L. 4104-05. Peterson, A. H. 4269. Pfeiffer, Weyland. 4097. Pfeiffer, Weyland, Bequest. 4097. Phelan, Richard Magruder. 4242. Phi Kappa Psi Group Housing Fund. 4317. Philips, Frederick S. 4l04„ Phillips, Ralph F. 4311. Physical Education and Athletics, Board on. 4351. Physical Plant. 4l44„ Physical Sciences Building. 4239. Physics-ARPA Building Complex. 4095-96, 4ll8, 4133, 4l48 4179, 4216, 4221, 4229, 4238-39, 4267-68, 4270, 427l' 4272-4280, 4290-91, 4324-25, 4346. Physics Department. 4l69, 4290. Pillsbury, Walter Bowers, Endowment Fund for Experimental Psychology 4319. Pirnie, Alexander. 4352. Plane, Robert A. 424l. Poliak, David. 4339* Pollard, Harry. 4153. Pond, Wilson Gideon. 4296. Porter, Harry W. 4352. Portrait. 4291. Post, Kenneth, Foundation Endowment. 4125. Powell, Herbert and Lillian M., Fellowship Endowment. 4320. Powell, Hugh Nicholson. 4153-54. Index - 19 Presidency of the University. 4107-08, 4136, 4lSl 4l 61 4172, 4231, 4297, 4348. ' 0 ' ^ 01 ’ President. 4233, 4294, 4332, 4347. Presidential Selection Subcommittee. 4107-08 4l?l 4i 4151, 4158-61, 4172, 4231, 4297, 4348. ' ' ' President's Report on the State of the University 4l42-46 4225-28, 4284-85, 4342-43. ' Pressprich, R. W., & Co. 4096.* Pritchett, R. A. Rees. 4309. Prosser, Arthur E. 4352. Psychiatry, Department of (Medical College). 4l80, 4242. Public Relations of University. 4285. Purcell, Robert W. 4350. Purchase, Mary E. 4155. Rackley, John R. 4352. Rackow, Leon L. 4311. Raffensperger, Edgar Merrow. 4104. Randall, Henry T. 4311. Rawlins, Edward. 4269. Rawson, Rulon W. 4308. Reavis, Charles Frank. 4339, 4352. Reed, Hazel E. 4297. Reed, Rachel. 4352. Registrar. 4343. Registrar, Office of. 4343. Registration Fee. 4258. Reilly, H. Christine. 4-104-05. Reinhard, Karl R. 4353. Requardt, Gustav J. 4-339. Research Park. See Industry Research Park. Research at Cornell. 4l42-43. Residential Halls. 4l66-67, 4229. Resignations of Professors and Associate Professors. 4153-54, 4240, 4294, 4353. Retirement. See Emeritus. Retirement of Professors and Associate Professors. 4154, 4353-54. Retirements and Appointments as Emeritus. See Emeritus Professors. Reuss, Henry S. 4351- Rhodes, Annie F. and Oscar W., Scholarship Endowment. 4320. Rhodes, Fred H. 4351. Rhodes, Fred H., Life Income Fund No. 2. 4126. Rich, Townsend. 4352. Richards, Leonard B. 4339. Ripley, Joseph P., Fund. 4126. Rizzo, Peter-Cyrus. 4312. Roberts, Jay. 4355. Robertson, William R. 4351. Robinson, Edith, Property. 4099* Index - 20 Robison, Ellis H. 4339- Rockefeller Hall. 4095-96, 4ll8, 4l48, 4239- Rodriguez, Ferdinand. 4242. Rogers, Adele Langston. See Mrs. William P. Rogers. Rogers, George H., Fund. 4099. Rogers, William P. 4352. Rogers, Mrs. William P. 4350, 4351. Rollins, Mabel A, 4351. Romanach, Mario J. 4270. Romance Literature, Department of. 4307. Romanoff, Alexis Lawrence. 4l8l. Room and Board, Students. 4l66-67, 4229. Rose, Reginald P., Scholarship Fund. 4126. Ross, Ira G. 426§. R0TC. 4145. Rousseas, Stephen W. 4270. Route 13 Bypass. 4114-15, 4149-50. Rowe, Anna Forrest, Mary Putnam Jacobi-, Scholarship- 4128. Rumsey, George A. 4097. Rumsey, George A., Bequest. 4097. Sabbatic Leave of Absence Legislation. 4259. Sackett, Nelson B. 4310. Salaries, Academic. 4l66. Sale, William M., Jr. 4270. Saperston, Alfred M. 4341-42, 4350, 4352. Scala, E. 4104. Schaefer, George. 4310. Schaenen, Nelson. 4339, 4351. Scheetz, Francis H. 4-350, 4351. Scheidenhelm, Frederick W., Fund. 4126. Scherer, William F. 426l, 4295* Schlesinger, Rudolf B. 4139. Schneiderman, Howard A. 4153-54- Schoellkopf, Paul A. 4269. Schofield, George M. 4339. Schurman, Jacob Gould. 4l40-4l. Schwardt, Herbert H. 4353. Sears, William R. 426l, 4269, 4287. Secretary of the University. 4294. Seiler, Lewis. 4339. Severinghaus, Leslie R. 4342, 4351, 4355. Sharp, Lester W.. Endowment. 4320. Shen, Shan-Fu. 4154. Shepard Fund. 4126. Sherman, Robert S. 4311. Shreve, Ruth Bentley and Richmond Harold, Memorial Endowment. 4127. Sigma Kappa, Inc. 4113. Sigma Phi Epsilon Group Housing Fund. 4317. Simon, Walter M. 424l. Simons, R. D„ 4ll4. Index - 21 Simons, R. D., Farm (Creek Road, Freeville, New York). 4ll4. Sines, Bernard S. 4339. Singer, Marcus J. 4153-54. Skinner, George William. 4295. Sleisenger, Marvin Herbert. 4355. Sloan Institute of Hospital Administration. See Hospital Administration, Sloan Institute of. Sloan-Kettering Institute for Cancer Research. 4104-05. Smith, Beauchamp E. 4352. Smith, Frank R. 4309- Smith, J. James. 4308. Smith, James H. 4339. Smith, Lloyd P. 4352. Sneed, Joseph Tyree. 4353. Snickenberger, Walter A. 4343. Sociology, Department of. 4217, 4335. Sociology and Anthropology, Department of. 4217. Sola, Donald F. 424l. Solinger, David M. 4339- Solmsen, Friedrich. 4103, 4240. Solomon, Alan Robert. 424l. Sonenberg, Martin. 4308. Sonfield, Edwin C. 4339. Soper, Harold G. 4352. Southam, Chester M. 4308. Space Research Center. 4l69, 4234-35. Speech and Drama, Department of. 4269. Sperry, Elmer A., Jr. 4339. Sporn, Philip. 4352. Spruce Creek, Pennsylvania. 4171. Staelin, E., Estate. 4213. Standard Oil Company of New Jersey. 4227. Stanley, Justin A. 4352. Stanton, Bernard Freeland. 4295. Stanton, George H. 4339. , , State Colleges. 4l47, 4214, 4230, 4234, 4349. See also Budget, State-supported Colleges. State Dormitory Authority. See Dormitory Authority, New York State. Steam and Electric Service. 4264. Steele, John R. 4353- Stein, Peter Cedric. 4295. Steinberg, Israel. 4309. Steinkraus, Keith Hartley. 4295. Stephens, Thomas. 4291. Sternberg, Stephen S. 4104-05. Steutzer, Herman, Jr. 4339. Stewart Avenue Land. 4219-20. 415 Stewart Avenue Property. 4255, 4260-61. Stillerman, Maxwell. 4310. Stimson, Philip M., Endowment. 4129. Stinson, Harry Theodore, Jr. 4355. Index - 22 Stock, C. Chester. 4104. Stock, Mrs. Hyman. 4-339- Stocks, Esther, Loan Fund. 4127. Stone, Earl Lewis. 4296. Stone, Edith Adams and Walter King, Memorial Prize Endowment. 4127. Stouffer, James Ray. 4296. Straight, Willard, Hall. See Willard Straight Hall. Straub, Lee R. 4312. Straus, Murray A. 4153-54. Street, Phillips B. 4351. Streib, Gordon F. 4335. Student Health, Board on. 4351. Student Housing. 4236. Students, Foreign. 4228. Students - Generally. 4144-45, 4227-28, 4236. Students, Women. 4252, 4268. Sturdy, Howard H. 4352. Stycos, Joseph Mayone. 4227. Sullivan, John E. 4342, 4353. Summer Session. 4214, 4230, 4300. Surgery, Department of (Veterinary College). 4335. Swan, Roy C., Jr. 4339* Syman, Alvin C. 4339. Syme, John P. 4350, 4351. Szeftel, Marc. 4153-54. Tashiro, Haruo. 4l8l. Taylor, C. Powers. 4352. Teagle, Walter C. 4223-25, 4227. Teagle, Walter C., Memorial Scholarship Endowment. 4337. Telephone. 4300. Temple, Harold L, 4311. Terry, Cyrl Waldie. 4353. Terry, Whitelaw T. 4339. Textiles and Clothing, Department of. 4243. Thompson, T. Campbell. 4312. Thorne, Richard W. 4352. Timpanelli, Alphonse E. 4309. Tolstoi, Edward. 4354. Tompkins County Trust Company Endowment Fund. 4320. Toolan, Helene W. 4104-05. Torre, Douglas P. 4309. Tower Club. 4293. Townsend, Garrett T., Memorial Fund. 4127. Traffic, Campus. 4334, 4347. Travell, Janet. 4104, 4310. Treasurer. 4152-53, 4l68, 4179, 4183-4210. Trum, Bernard F. 4353. Trustee Elected by New York State Grange. 4342. Trustees, Alumni. 4341-42. Trustees, Board of. 4170, 4229, 4332, 4347, 4348, 4350. Index - 23 Tuition and Fees0 4214, 4226, 4230, 4342. Tuition Waiver. 4134-35, 4l80. Tuttle, Elbert P. 4352. Tyler, Winfield D. 4352. Uhlmann, Richard. 4339. Uihlein, Henry. 4l80. Uihlein, Henry, Research Farm (near Lake Placid, New York). 4l80, 4306. University Calendar. See Calendar, University. University Counsel, Office of. 4264. University Development Fund. See Fund for Development of the University. University Development Office. 4l47, 4253. University Lectures. 4227. University Library. See Library, University. Updegraff, May E., Student Loan Fund. 4321. Uris Brothers Foundation. 4227. Uris, Harold D. 4227, 4299, 4344. Uris, Percy. 4299, 4-344. Uris Undergraduate Library. 4299-4300, 4344. Utilities. 4115. Vallentyne, John Reuben Way. 4355. Vanamee, Parker. 4308. Van Arsdale, Harry, Jr. 4353. Van Veen, Andre Gerard. 4242. Van Vleet, George, Jr., Memorial Scholarship Endowment. 4321. Vara Construction, Inc. 4134. Verbeck, Guido F., Jr. 4351. Veterinary College, New York State. 4108-09, 4117, 4149, 4303, 4344. Veterinary College, New York State, Council for the. 4259-^0, 4287-88, 4353. Veterinary College Endowment. 4128. Wade, Henry S. 4339. Wall, James H. 4311. Wanser, Paul C. 4339. Ward, J. Carlton, Jr. 4269, 4352. Warfield, Guy T. 4339. , , Warner, Charles H., Jr. 4253, 4286, 4334. Washbon, Wallace Edwin. 4296. Wasserman, Paul. 4242. Wasserman, Robert Harold. 4155. Watson, Robert F. 4308. Watson, William L. 4312. Watts, Robert E. 4352. Webb, Watt W. 4104. Webster, Bruce P. 4309. p Webster, Charles H., Memorial Endowment. 412o. Index - 24 Webster, Ralph H. 4352. Weintraub, Joseph. 4352. Welch, Donald Stuart. 4354. Welch, Livingston. 4311. Wells, John W. 4307. Wells, Robert J. and Eleanor M., Property (Lake Placid, Town of North Elba, New York). 4305-06. Werly, Charles M. 4339. West, John P. 4312. Wheatley, Marjorie A. 4310. Whicher, Stephen E.. Memorial Book Fund. 4338. White Art Museum. 4226-27. White & Case. 42l6. Whitehead, V. L., Estate of. 4266. Whitmore, Willet F., Jr. 4312. Whitney, Payne, Fund (Medical College). 4266, 4289. VJichelns, Herbert A. 4240, 4325. Wichelns, Herbert A., Property (220 Fall Creek Drive, Ithaca). 4325. Wickham, Don J. 4352. Wickham, John. 4352. Widger, Bruce W. 4236, 4342, 4352, 4353. Will, Philip, Jr. 4339- Willard Straight Hall. 4179, 4229, 4271, 4329, 4334. Willard Straight Hall Reserve. 4329. Williams, Byard. 4309. Williams, Herbert H. 4343. Williams, L. Pearce. 424l. Wilson, Carlton P. 4339. Wilson, John Fletcher. 4242. Wilson, Philip D., Jr. 4312. Women Students. See Students, Women. Wood, Edgar Harper. 4153. Wood, Franklin S. 4352. Wood, Frederic C. 4350, 4352. Woolley, George W. 4104. Woolson, L. I. 4352. Wright, Irving S. 4308, 4351. Wright, T. P. 4269, 4352. Wroblewski, Felix. 4309. Wynder, Ernest L. 4104-05. Yerkes, Russell H. 4339. Young, Gordon R. 4330. Young, Mrs. Gordon R. (Marie H.). 4330. Zeta Psi Fraternity. 4097. Zoology, Department of. 4253, 4255, 4286, 4334, 4347. Zucker, Marjorie B. 4104-05.