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The Diamond of Psi Upsilon Nov 1938

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The Diamond of Psi Upsilon Nov 1938 m^wiii*iimHim\ S[gl/^ [y] [?] ^f^W'^im'H}^ DIAMOND of ^si Ripsilon Novembefj 1938 VOLUME XXV NUMBER ONE y HHETO'w^iaiiiicgogiapi^g^m^ " >'-. J "'!� P . 1 / ��*f -,<#�' '? ,-^v / ,� * ;t:|,. *�! 1 ! Sf , The Diamond of Psi Upsilon OFFICIAL PUBLICATION OF PSI UPSILON FRATERNITY Published in November, January, March and June by THE diamond op PSI UPSILON, o Corporation not for pecuniary profit, organized under the taws of Illinois. Volume XXV November, 1938 Number 1 AN OPEN FORUM FOR THE FREE DISCUSSION OF FRATERNITY MATTERS EDITOR Albert C. Jacobs, Phi '21 ADVISORY COMMITTEE ON THE DIAMOND LeRoy j. Weed, Theta '01, Chairman Warren C. Agry, Zeta '11 John C. Esty, Gamma '22 A. Northey Jones, Beta Beta '17 Oliver D. Keep, Delta Delta '25 WiLLLAM D. Kennedy, Delta Delta '16 J. J. E. Hessey, Nu '13 Scott Turner, Phi '02 LIFE SUBSCRIPTION TEN DOLLARS, ONE DOLLAR THE YEAR BY SUBSCRIPTION, SINGLE COPIES FIFTY CENTS Business and Editorial Offices, 450 Ahnaip St., Menasha, Wis. or Room 510, 420 Lexington Ave., New York City 1936, at the Post at Menasha Entered as Second Class Matter January 8, Office at Wiiconsin under the Act of August 24, 1912. Acceptance for mailing special in Paragraph 4. Section 538, Act of February 28, 1925. ZuTpos'taTproMedfor authorized January 8, 1936. TABLE OF CONTENTS Page by . Our Own Problems of Endowment, Archibald Douglas, Lambda '94 . 3 A SunvEY of Psi Upsilon Scholarship 6 Emmett Hay Naylor, Zeta '09, By R. Bourke Corcoran, Omega '15 10 By Charles Philip Spooner, Rho '94 11 Earl D. Iota-Phi . Babst, '93, Entertains for Scott Turner, Phi '02. , . 13 Psi Upsilon on the Gridiron 15 Sketches of the Heads of the Undergraduate Chapters 17 Among Our Alumni 22 Alumni Notes 28 Activities of the Alumni Association 30 Meetings of the Executive Council 32 In Memoriam gg Pledges Announced by the Chapters 42 Comment on Chapter Communications 45 Chapter Communications 47 Directory Chapter Roll of Psi Upsilon 63 The Executive Council g4 Alumni Association of Psi Upsilon 64 OUR OWN PROBLEMS OF ENDOWMENT By Archibald Douglas, Lambda '94 colleges and universities and cites precedents and opines that THEare again wrestling with the possibly under the Cy Pres doctrine problems of endowment and how to (the gyp bug having been presum meet the eternal budget that seems ably exterminated by the pip) the always eating up the last bit of once $100,000 may be used for janitor available income and that always in service after all, only to discover to each new year requires $X more their professional consternation, than the year before. They com that the bug was reported last sum plain, and rightly, that no one re mer leaping again in the high Andes members in his will that the col or starting its gyrations for the first lege overhead must be met and the time in the Island of Sardinia. But buildings serviced but I complain eventually, somewhere or somehow, that no one thinks, in his will, of the janitor's wages are given and Psi U at all. Each college President the elevator boys paid and the col will write reams of classical or pe lege year goes on apace. These are dantic English to develop the simple some of the problems of the colleges fact that there is no free money with and universities that I have long which the university may pay the been familiar with and that have janitor and the elevator boy. They haunted the nocturnal hours of complain that X leaves $100,000, many Presidents but our Psi U the income of which is to be used to graduates for the past hundred years determine the annual increase of or so apparently thought that Psi at all rust, if any, on lima beans, or U had no needs or problems whether the cost of tombstones in and so have left us severely alone in have been 1850 was greater than in 1938 and the innumerable wills that So we ar why or that Y bequeathes money to drawn over our long past. study the problems of the polypus rive in the year 1938 almost ideally are the the as related to the growth of the po- unendowed. What causes, the ands lypidom in the paleozoic age; or W whys, the wherefores, ifs, leaves for Professor Quick N. Smart and buts of it all.'' And where is it us.'' Of course we (who has summered on a lake in a leading and leaving endowment cottage next to hers and who is have oodles of spiritual interested in the foot pounds of �our altar fires burn bright, we at the shrine and energy required for each jump of thrill song quicken �but we are Scotch when the gyp bug) $100,000 for research to the grip in his specialty to be expended under it comes to leaving money. Con the direction of the Department of We are not legacy conscious. Biophysics. sider the figures. We have now ap Psi U Every member of the Commit proximately 15,000 living Over a hundred tees on Education knows of these brothers. years ago gracious gifts and what they imply there may have been forty or forty- and the Law Committee cogitates five. We have twenty-seven chap- 4 THE DIAMOND OF PSI UPSILON ters today from Maine to Van like Psi U should give, and that we couver, from Philadelphia to Cali could in time give, without inter- fornia, from New York to Toronto. vivos gifts, if we would become leg But as a result of our hundred and acy conscious.'' Gifts from our living some years the Executive Council Alumni are hard to count upon and holds in the Bridgman Fund, the must be uncertain. Times and the income of which is used in defray changing state of the world inevi ing a fraction of the expenses of pub tably make it so. A panic rushes lishing The Diamond and which is fraternal and all generosity to cover the only permanent endowment and during a depression there is a fund in the hands of the Council, dirth of distributions, except lag- only about $22,000, in cash and gingly to the butcher, the baker and market value of securities, and very the candlestick maker. Cannot we little has been added for some years. by planning change this? With the small annual chapter con To be constructive I would sug tributions, plus the paltry income gest that at the next Convention a from these securities, the Council Committee be appointed to study must publish The Diamond, pay the problems of each chapter, its �" its office rent and its Secretary, financial set up and what an endow postage, incidentals, and provide an ment received over a period of say annual stipend toward Convention twenty-five years from wills would It's expenses. hard sledding. Of our do for its certainty of permanence chapters how many are endowed.'' A and happiness ; also the problems of few have Alumni Associations that the Executive Council and whether give generously but generally hap the fine things the Council could do hazardly, one or two are finely are not being stopped by lack of planned in every way. But by and funds. Perhaps The Diamond could large the chapters must rely on the be a clearing house on this and once affection and a generosity of com again resort to the inevitable ques paratively small number of givers for tionnaire and I suggest that this their very existence. Funds are raised might be a field in which the Alumni or mighty sums are donated for new Association might do useful work. houses that in chapter process of We are all right ! Our past proves time are hard put to it, like the col that and our future will. We are leges and universities, to find funds human and would rather direct our to cover service, depreciation, up executors, at some future time, to keep, obsolescence and the new pay a cheque than do it ourselves. necessities of life. How much of this I may say in confidence, that I have burden is carried by the innumer qualified for writing this article by able brothers of the past whose drawing a will and leaving a modest hearts were and are with Psi U.'' And sum to Psi U and having started I where is the overplus in the Council asked a Psi U client to do the or Chapter Treasury to not only same and I was startled to see how a fair provide safety factor, but to easy it was. "Of course," he said, "I for plan those helps to education, never thought of it before." If each scholarships, that a great fraternity one of our fifteen thousand alumni THE DIAMOND OF PSI UPSILON 5 would leave the Fraternity, or his Once more I say it is easier for chapter, $100.00 or more it would your executor to draw the cheque � amount to but I hate figures�you than yourself. And even if you make � figure it and if those who could a will or codicil giving Psi U funds, would leave multiples think of it! remember that your will is an am- Then every chapter would be safe, blatory document, that walks with and the Fraternity would become in you, and in the event of changing time an example for its gifts to conditions it is (like the time-table) scholarship and education that may "subject to change without notice." be necessary in the future to justify So you take no risk at all.
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