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President's Report Issue MASSACHUSETTS INSTITUTE OF TECHNOLOGY BULLETIN PRESIDENT'S REPORT ISSUE VOLUME 84 NUMBER 1 OCTOBER, 1948 Published by Massachusetts Institute of Technology Cambridge, Massachusetts ---- -- Entered July 3, 1933, at the Post Office, Boston, Massachusetts, as second- class matter under Act of Congress of August 24, 1912. Published by the Massachusetts Institute of Technology, Cambridge Station, Boston, Massachusetts in March, June, October, and November. Issues of the BULLETIN include the reports of the President and of the Treasurer, the General Catalogue, the Summer Session, and the Directory. ---. _Z MASSACHUSETTS INSTITUTE OF TECHNOLOGY BULLETIN President's Report Issue 1947-1948 VOLUME 84 NUMBER I. OCTOBER, 1948 PUBLISHED BY THE INSTITUTE, CAMBRIDGE _ _ _ ______ _·· THE CORPORATION, 1948-1949 President KARL T. COMPTON Secretary Vice President Treasurer WALTER HUMPHREYS JAMES R. KILLIAN, JR. HORACE S. FORD LIFE MEMBERS W. CAMERON FORBES ALFRED L. LooMIS VANNEVAR BUSH EDWIN S. WEBSTER HARLOW SHAPLEY WILLIAM EMERSON PIERRE S. DU PONT ALFRED P. SLOAN, JR. RALPH E. FLANDERS HARRY J. CARLSON LAMMOT DU PONT JAMES M. BARKER GERARD SWOPE FRANK B. JEWETT THOMAS C. DESMOND FRANKLIN W. HOBBS REDFIELD PROCTOR J. WILLARD HAYDEN JOSEPH W. POWELL GODFREY L. CABOT Louis S. CATES WALTER HUMPHREYS WILLIAM C. POTTER MARSHALL B. DALTON VICTOR M. CUTTER BRADLEY DEWEY WILLIAM S. NEWELL ALBERT H. WIGGIN HENRY E. WORCESTER CHARLES E. SPENCER, JR. JOHN R. MACOMBER FRANCIS J. CHESTERMAN ROBERT E. WILSON WILLIS R. WHITNEY SPECIAL TERM MEMBERS Term expires June, 1949 Term expires June, 1951 GEORGE A. SLOAN THOMAs D. CABOT Term expires June, r952 Term expires June 5953 BEAUCHAMP E. SMITH WILLIAM A. COOLIDGE PRESIDENT OF THE ALUMNI ASSOCIATION C. GEORGE DANDROW ALUMNI TERM MEMBERS Terms expire June, 5949 Terms expire June, 195o HAROLD B. HARVEY RAYMOND STEVENS DR. W. JASON MIXTER EDWARD S. FARROW ELLIS W. BREWSTER HORACE W. MCCURDY Terms expire June, 1951 Terms expire June, 1952 A. WARREN NORTON HAROLD BUGBEE FREDERICK S. BLACKALL, JR. C. GEORGE DANDROW JAMES McGOWAN, JR. Terms expire June, 1953 THOMAS D'A. BROPHY RAYMOND H. BLANCHARD THOMAS H. WEST REPRESENTATIVES OF THE COMMONWEALTH HIS EXCELLENCY, ROBERT F. BRADFORD, Governor HONORABLE STANLEY E. QUA, Chief Justice of the Supreme Judicial Court JOHN J. DESM•OND, Commissioner of Education I TABLE OF CONTENTS REPORT OF THE PRESIDENT PAGE Committee on Financing Development 7 Assistance by Industry . SII The Progress of Our Building Program 13 Operations Outside of Cambridge 15 Special Educational Projects i8 Salaries and Wages 20 Statistics of the Year 21 Finances 21 Enrollment 22 Student Aid 23 Changes in Personnel 23 REPORTS OF ADMINISTRATIVE OFFICERS Dean of Students 27 Dean of the Graduate School 36 Registrar . 40 Director of Admissions . 62 Director of Libraries S 64 Director of the Division of Industrial Co6peration 73 Adviser to Foreign Students . 74 Placement Officer 76 Personnel Officer 78 Medical Director 80 Executive Vice-President of the Alumni Association 83 SCHOOL OF ENGINEERING Aeronautical Engineering 86 Building Engineering and Construction 93 Business and Engineering Administration . 97 Chemical Engineering Civil and Sanitary Engineering Iol Electrical Engineering Graphics . 115 Mechanical Engineering 116 Metallurgy 123 Meteorology 127 TABLE OF CONTENTS PAGE Military Science and Tactics 129 Naval Architecture and Marine Engineering 130 SCHOOL OF SCIENCE Biology 133 Chemistry . 135 Food Technology 136 Geology . 137 Mathematics 138 Physics '41 SCHOOL OF ARCHITECTURE AND PLANNING Architecture 144 City and Regional Planning . 146 DIVISION OF HUMANITIES Economics and Social Science 149 English and History 151 Modern Languages. .. 152 INTERDEPARTMENTAL LABORATORIES Acoustics . 155 Electronics 158 Nuclear Science and Engineering 16o Cosmic Terrestrial Research . 165 REPORT OF THE TREASURER AUDITORS' CERTIFICATE AND REPORT OF AUDITING COMMITTEE 170 TREASURER'S STATEMENT .. 171 Gifts and Bequests Received During Year 179 Report of the Trustees of the M. I. T. Pension Association 184 M. I. T. Pension Association Investments . I85 Report of the Technology Loan Fund Committee I86 BURSAR'S STATEMENT 187 Balance Sheet .... Schedule A 188 Income and Expense Statement Schedule B 19o Surplus from Operations Schedule C 192 TABLE OF CONTENTS 5 BALANCE SHEET - SUPPORTING SCHEDULES: PAGE General Investments A-I 193 Investments of Funds Separately Invested . A-2 2oo Endowment Funds, Income for General Purposes A-3 zo4 Endowment Funds, Income for Designated Purposes A-4 zo6 Student Loan Funds . A-5 216 Building Funds . A-6 216 Other Invested Funds: General Purposes . A-7 216 Departments and Research . A-8 218 Library A-8 220 Miscellaneous . A-8 220 Reserves . A-8 222 Deposits and Advances Held for Investment A-9 222 Conditional Gifts A-Io 224 Accumulated Net Gain on General Investments A-II 224 Summary of Funds . 226 Students' Notes Receivable . A-I 2 227 Accounts Receivable A-I 3 227 Contracts in Progress A-I 4 228 Inventories, Prepaid Expenses and Deferred charges . A-I5 229 Students' Advance Fees and Deposits A-I6 230 Federal Tax Withholdings, Savings Bond and Other Deposit Accounts . A-I7 230 Unexpended Balances of Gifts and Other Receipts for Current Purposes . A-I8 23I Educational Plant Assets . A-19 240 Principal Gifts and Appropriations for Educational Plant . A-zo 241 INCOME AND EXPENSE STATEMENT - SUPPORTING SCHEDULES: Students' Fees. B-I 243 Gifts and Other Receipts for Current Expenses . B-2 244 Research Contracts . B-3 245 Rentals and Other Income . B-4 246 Salaries and Wages of Staff, Accessory to Teaching and Laboratory Service . B-5 247 Departmental Expenses . B-6 248 TABLE OF CONTENTS PAGE Library and Museum Expenses SB-7 250 Clerical and Office Expense - Administration B-8 250 General Administrative Expense . B-9 25I Department of Buildings and Power B-Io 252 Medical Department B-II 253 Undergraduate Budget Board B-I2 253 Auxiliary Activities - Summary B-13 254 Dormitories - Graduate and Undergraduate B-I 3A,B 255 Walker Memorial Dining Service B-I 3 C 256 Graduate House Dining Service . B-I 3 D 256 Barracks Dormitory B-I 3 E 257 Women's Dormitory B-I 3 F 257 Westgate . B-I 3 G 258 Westgate West SB- 3 H 258 A BRIEF DESCRIPTION OF THE ENDOWMENT AND OTHIER FUNDS 259 LIST OF PERIODICAL PUBLICATIONS, BOOKS AND REVIEWS BY MEMBERS OF THE STAFF *285 Index of Authors 321 THESES PRESENTED FOR DOCTOR'S DEGREES 314 Index of Authors 325 REPORT OF THE PRESIDENT To THE MEMBERS OF THE CORPORATION: THREE years ago I had the privilege of reporting to you on the war record of the Institute. Two years ago I dis- cussed problems of reconversion from a wartime to a peacetime footing and various aspects of the resulting redeployment of our facilities and energies. Last year I discussed some aspects of the status and trends of higher education which bear on our planning for the future and called attention to the urgent need for capital funds and facilities to enable us to continue as an effective and progressive institute of technology in these days of important new technological developments. This year there is again a major theme for my report, which is a sequel to the previous three. It is the report and recommendations made by the Corporation's Survey Com- mittee headed by John R. Macomber, and the steps which are being taken to implement that report. It is the fact that we are actually launching an organized effort to acquire the funds and facilities which were urged in my report a year ago, with the modifications and additions recommended by the Survey Committee. It is the fact that this report was unanimously approved by the Corporation and action on its recommenda- tions unanimously ordered by the Executive Committee. COMMITTEE ON FINANCING DEVELOPMENT The Survey Committee was a large and representative group of the Corporation, aided by several alumni and outside consultants. It made a thorough study of the financial re- sources of the Institute and of the administration's tentative list of high priority needs for additional capital facilities and resources, and it recommended the creation of a Committee on Financing Development with a "Program to Increase the 7 I REPORT OF THE PRESIDENT Endowment and Plant of M. I. T. [which] should be a planned, scheduled and organized effort to bring the Institute to maxi- mum effectiveness. The short range objective is to secure [an additional] $20,000,000 over a reasonable period for imme- diate application to the several projects and endowment but the Committee on Financing Development should also arrange for a continuous directed effort to finance new or changed requirements as they arise in the future." The Survey Committee then went on to suggest a proposed organization for securing these funds, as a result of its study of various tested plans and methods. It recommended a large standing committee, reporting to the Corporation, to be called the "Committee on Financing Development." It recommended the appointment of a General Chairman, a Steering Committee, a Development Office, a Committee on Projects, a Committee on Public Information, a Committee on Alumni Participation, a Committee on Resources, a Committee for Special Gifts, a Committee on Business Corporations, and a group of local committees. It also suggested the form and duties of these committees and considered the desirability of engaging the assistance of a professional fund-raising organization. The Committee's report closed with the following paragraph: "The Survey Committee approves in principle the broad organizational outline as described here, recognizing that the complete organization will need to be devised later. This out- line is intended to serve only as a preliminary guide to the chief executive of the organization. Carefully detailed preparation and organization should precede the opening of active solicita- tion. While the immediate effort will not be a 'campaign' or a 'drive', the organization needs to operate with a sense of urgency and with effective publicity.
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