Crepe Room Appalachian Ghosts, Nancy Robert William Barrett WAV: 22 Black-And-White Photographs by Bru E (T
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CALL US SUN! Note The Chronicle's It's finally here, along with nice brisk tem telephone numbers: peratures. Chance of Newsroom: 684-2663 rain a mere 20%. Business office: 684-3811 The Chronicle Sports-Arts: 684-6115 Duke University Volume 74, Number 67 Thursday, December 7, 1978 Durham, North Carolina Founder's Day marks Endowment's origins By Scott McCartney University treasurer. Next Monday, Dec. 11, marks the 54th anniversary Harwood said that the University's endowment has of the founding of Duke University. On that day in been "hurt because endowment income has not been 1924 James ("Buck") Duke established the Duke going up as fast as the cost of inflation." Endowment, Inc., a foundation of which Duke Six and three tenths percent of the operating incpme University is a benefactor. of the University each year comes from endowment Buck Duke established the Duke Endowment with a funds, with the Duke Endowment contributing 3.5 principal of $40 million worth of stock in six percent, or $8.1 million, and the University endow companies. Today the foundation holds assets worth ment contributing the remaining 2.8 percent, or $6.6 $422 million, according to Richard B. Henney, million. executive director of the Duke Endowment. President Terry Sanford will hold a ceremony on Henney said that the Duke Endowment stock once Sunday at 10:40 in the chapel to commemorate^ the reached a value of $700 million, but has since declined 1924 signing of the trust agreement establishing the "due to the state of the economy." Nevetheless stock " Duke Endowment, and subsequently the University dividends have not been subject to market which was built around the heart of Trinity College. fluctuations, and have been reinvested to increase the "Founder's Day provides the opportunity to Duke Staff Photo base of the Endowment. According to Henney, the University to acknowledge and thank those who have Would you go to a university named after this man? directors of the Endowment do not solicit individual or provided permanent support for the University," Well, you are. James Buchanan Duke established corporate donations to the foundation. Sanford stated. "It especially permits us to keep alive the Duke Endowment in 1924, an action for which The Duke Endowment receives a large part of its the memory of the Duke family contributions, not only the Duke community will show its appreciation in income from stock it owns in the Duke Power Continued on page 11 Founder's Day Ceremonies on Dec. 11. Company. "We once held 51 percent of Duke Power, but the company has been growing so rapidly and Deadline extension requested issuing new stock that our shares only amount to 18 percent now," Henney said in a telephone interview at his office in New York. Duke University receives almost 50 percent of the AFSCME files union petition income generated by the Duke Endowment. The University is, in fact, only one of many By Kate Whitmore for December 13th with a decision to be reached beneficiaries of the Duke Endowment, Inc. Others fall A hearing between representatives of Duke shortly after. into four catagories: educational institutions, non University and the American Federation of According to AFSCME International profit hospitals, child care agencies in North and State, County and Municipal Employ ees-AFL- representative Charles Brown, Duke's main South Carolina, and the Methodist Church in North CIO (AFSCME) was held November 20th to Carolina. contention at the hearing was that on-going review the union representation petition recently construction of the hospital would justify Once the fifth largest foundation in the nation in filed by AFSCME at the National Labor terms of assets, the Duke Endowment has slipped to delaying the election until the tentative eighth or ninth," Henney said. Relations Board (NLRB) in Winston Salem. completion date, currently set for July of 1979. One of the two attorneys representing Duke Duke University has its own endowment fund, "This is obviously a tactic to delay the election separate from the Duke Endowment, Inc., that stands requested an extension of the time allotted to file for as long as possible" he said. at $121 million, according to Steve Harwood, hearing briefs. The NLRB had set the deadline Richard Jackson, Assistant Vice-President and Director of Personnel for Duke, maintained that Duke was not stating a position but merely Trent residents specialize in raising a question. "Regarding the high turnover rate of hospital employees and the additional employees needed to finish construction, we're interior decorating surprises talking about a possible 40 percent of new By Rick McDonnell back to work until rest of the furniture in the until he opened his door to employees who will have had no voice in this Last Thursday, when Needle's return, his room to the other Trent III find a completely empty election. Is it then proper to hold an election Mark Needle left his room roommate, Scher, went bathroom. room. now?" on third floor Trent Hall, into a study. Not being When Mark returned, he he had no idea of what While Mike was quick to Jackson did not speculate on the pending ones to let such an realized that he had decision of the NLRB concerning the hearing. was planned for him that opportunity go by, Doeg forgotten his keys, so he move his furniture back, evening. Once he was and Apgar organized went and got his room- Mark decided to stay and Charles Brown added that Duke also another quick move of the mate. Mike was all smiles spend the ni^ht" challenged the bargaining unit made up of different categories of hospital employees who will actually vote on representation, but that this Feature had been anticipated by AFSCME. He predicted that the actual addition to the unit, if any, would safely out of the dorm. probably not be very significant. "The issue now Don Doeg, Chuck Apgar, is will there be an election, and when will it take and Needle's roommate Mike Scher decided that place" Brown stated. "If all goes well and Duke his room needed relocat doesn't assume any new delaying tactics, we ing. should have the election by the end of January. Along with the help of Then the decision will be in the hands of the several.other Trent hospital employees." residents, the interior decorators moved Mark's furniture and posters across the hall into the Inside men's bathroom, taking great care to see to it that all articles were arranged Working at Duke Pg- 7 in the same order and style. In just a few The Big Four party .. Pg- 8 minutes, the bathroom Basketball: JV loses. 8 became a bedroom, right Pg- down to the working radio Photo by Rick McDonnell Women face Carolina Pg- LO and clock. Surprise, surprise! Well, at least it's convenient. Mark Needle discovers the When everyone went relocation of his room in Trent Hall. Page Two The Chronicle Thursday, December 7, 1978 SPECTRUM* l>te. 5:30 al the Wine anrl Attention all BSUere Warm Fuzzy Union are !<ii<in«>nne a Holiday Craft SPECTRUM POLICY: ! where the Sprig '* during Week starts On Dec 10 and ends with ShopinFlowcrsGalLery Dec iihrough Gatherings and other announcements may rry thai ' was ••••••: • tl Fun Night on Dec. lo. II you have IE., 116 p.m. Get a head start on your be placed in SPECTRUM, provided that the <. Allv: id herzlich eingeladen. questions call Lynn U7874). holiday gift buying. Attention Phi Mu Carr Party Remember: No Warm Fuzzy=Plastic following rules are followed. All items to be members: THIS IS THE CORRECT FuzzyKJold Prickly!!!!! Earn mono; run in SPECTRUM must be typed on a 45- TIME AND DATE - Meet at 10 in GENERAL available al Klowcrs I lesk for any group space line and limited to 30 words. Do NOT Flowers Lounge on Tl ideas and corresponding argue interested in pairieipaiiag in ihe .M.I. CAMPUS CARNIVAL. type items in all capital letters. Items must persuasion. be submitted before 3 p.m. the day before After Thurs.. Deee. 14th all they are run, and should be run only the day • -i TOMORROW Triangle Area Gay Scientists, any before and the day of the event. GENERAL Bay or bisexual men and women in the 1 JUNIORS. SOPHOMORES, and items are run subject to space limitations. basil and applied sciences are welcome. have been posted. Requests can he Next meetings Dec. 9, Jan. 13. Call 688- FRESHMEN - APPLICATIONS now made in the Registrar's Office-103 available in 105 Allen for 10 MAC Allen. Failure to comply with the above will result H.il-l.%7-!)t>2r], orx304:i. in Ihe item being eliminated without notice. ANDERSON SCHOLARSHIPS for I IKK IMI.UKS Mo, organization STUDY ABROAD in approved Exposure talents — enter the Picture No event which charges admission will be FOREIGN LANGUAGE programs in Duke Photo Contest now! Entries due ionships. Call 942- (he SL'MMKRof 1979. by Dec. 15 at 21:18 Chapel Drive. For allowed. more information: x6786. SKYDEVILS; If you want to jump There will he no French Table at TODAY while at home over Christmas break either campus for the remainder of the Sex is fun! Bur there can be problems. and need to know where the nearest Ifyou have a question, need some info. drop zone is, tall David Kennedy. or just want to talk with someoneabout X7688. ZETA BIG BROTHERS: Ifyou have some aspect of sexuality, PISCES (Peer any questions about this week's Informational Service for Counseling DUET: There will be no coaching activities, please call Bettie x72H2.