The LAWRENTIAN Volume 89 — Number 8 Lawrence University, Appleton, Wisconsin Friday 7 November, 1969 University ’68-’69 Budget Finishes $311,000 In Red In addition to the $85,000 deficit was not wholly anticipated last allocations and the $30,000 défiait incurred by the Jason Downer year. resulting from a miscalculation Food Center, the educational por­ In further commenting on the in student tuition, were unavoid­ tion of Lawrence’s total budget shift in Lawrence’s investment able and unpredictable. The $30,- for the 1968-69 academic and fis­ portfolio, Wrolstad noted that the 000 deficit was simply the result cal year was also in the ned—in problem of handling universities of the phenomenal dropnout rate the amount of $226,000 endowments is one whiich is being cf last year. Marwin O. Wrolstad, business studied across the country. The $75,000 loss was caused for manager, explained that the edu­ The Ford Foundation has re­ the most part by inflation. The cational budget deficit can be searched the situation and its increased coî* of m aterials and bitter understood in terms of its recommendations coincide with services was not anticipated when component parts. A breakdown the course of action Lawrence has the budget was drawn up. of the $311,000 deficit reveals the chosen. Consequently, in the long Consequently, the possibility of fallowing areas of weakness: run, the move to growth stocks another $226,000 deficit in the ed­ $85,000—Downer Food Center should keep Lawrence from fac­ ucational portion of the 1969-70 $80,000 — Less than anticipated ing the problem which many school year seems unlikely. How­ JUDICIAL BOARD PROCEEDINGS continued last amount of gifts schools which have chosen to stick ever, the 1968-69 deficit must still Sunday for the students charged with a violation of $41,000—Loss on endowments and with fixed income will face, that be made up. According to Wrol­ returns on investments LUCC’s demonstration policy in their disruption of a fac­ of returns from such holdings stad, this will probably have to be $75,000—Expenses Over budget ulty meeting. At the hearing Sunday a list of J-Board pro­ proving inadequate. accomplished by working to gen­ $30,000 — Loss of some student The $80,000 deficit caused by the cedures were passed out. They are reprinted on page 3. erate more income than neces­ fees overestimation of gifts is also sary and thus pay off the debt. Although the deficit is the high­ one which should not repeat itself However, in the short run, the est in Lawrence’s history, Wrol­ this year. The COS1P grant, deficit will no doubt necessitate stad locks to the future with op­ which enables professors and stu­ a short-term loan third term to J-Board Flounders In Sea timism. He feels that the nature dents to conduct scientific re­ meet expenses. of the deficits is such that fur­ search over the summer, is a 50- ther appreciable deficits are not 50 matching grant in mott cases. Of Unanswered Questions to be anticipated. In order to finance Lawrence’s By HAROLD JORDAN For instance, the $41,000 loss on share Wrolstad planned an in­ endowments and returns on in­ crease in gift income in 11968-69 Lawrentians To Pay Following the second meeting Fourthly, the students ask why vestments was necessary to in­ which would cover the cost. Last of J-Board on 2 November there the trial is not an open one. Said sure the financial stability of year, $200,000 more in gifts were More Next Year is no more enlightenment as to cnie of defondan*s, “If they are Lawrence in the future. needed than in 1967-68. The ac­ A $345 increase in compre- procedure than after the first going to treat this like a real Wrolstad explained that since tual increase came to $120,000, hensive fees, bringing the total hearing on the student disruption trial, then why don’t they run it the merger with Milwaukee-Dow- leaving the $80,000 deficit. lor the 1970-1971 academic year case. that way?” ner College in 1964, Lawrence has In terms of the future, however, lo &300 has been announced by With final exams drawing near, Another of the defendants: “We been slowly converting its endow­ the deficit was in large part caus­ business manager Marwin O. unless J-Btard concludes the case aren’t trying to torpedo the J- ments from fixed income proper­ ed by the necessity of purchasing Wrolstad This year’s fees are within the next couple weeks, Board by getting the student body ties (bonds) to equities (stocks). new equipment, equipment which $2956. Rising costs and a small­ proceedings will drag into second to rise up behind us against it; “ In the long run,” Wrolstad com­ will not figure in the expense of er than anticipated return from term. we just want things to come out mented, “this is certainly more operating the program in the fu­ endowments and gifts were cit­ into the open.” When asked about the status desirable. ” For the present, how­ ture. ed as primary reasons for the Yet hearings remain closed for hike. of the J-Board, member Paul ever, it means a drop in the re­ Both the $75,000 deficit caused the present, according to Dean The increase will bring the to­ Mueller said, “In the absence of turn on investments, a drop which by spending in excess of budget written procedure, we have had of Student Affairs Charles F. tal rhare of uinversity income to write a tentative method for La uter. met by students’ comprehensive conducting J-Board activity. The While /the extremes of punish­ fees back to the desired level of whole situation is pretty much a ment lie in suspension or expul­ 54%. The other 46% is covered hassle.” sion, the university's financial Julian Bond Lectures by tamings from investments, A copy of the Judicial Board needs make it unlikely that Law­ endowments, and gifts from pri­ procedures and of the due pro­ rence can afford to suspend or vate individuals and corpora­ cess of Judicial Board action as expel that many, if any, of the On the New Coalition tions. they wene distributed to defend­ twelve students involved. Wrolstad said that the fee in­ ants and board members is re­ Julian Bond will begin a day months. This Atlanta University crease is directly attributable to printed verbatim on page 3. 1er g visit with Lawrence Univer­ Center student organization co­ .He large deficit incurred last year. He explained that a final According to the defendants, the sity at a convocation Monday, 17 ordinated three years of student audit of last year’s budget re­ beard was immediately confound­ Novem/ber at 11:10 in the Chapel. anti-segregation protests in At­ Inthe Shade Press vealed that every major c ategory ed by some of their questions. Currently a member of the lanta, beginning in 1960. First, what are the charges? (A expense had exceeded its bud­ Georgia House of Representa­ In April of the same year, he get. The actual charge issued against To Release Poetry tives, he also serves as a member helped found the Student Non- He added, however, that the the disruptors is so general that The Inthe Shade Press, an of the Education, Insurance, and Vfiolent Coordinating Committee hike was necessary to meet ris­ it leaves little room for defend­ LUCC-funded campus publishing State Institutions and Properties (SNCC), in which in 1961 he joined ing costs and that it was not in­ ants or J-Board to work. venture, will release a second Committee. the staff as Communications Di­ tended to cover last year’s def­ Second, who is pressing the volume of poetry by Elisabeth He is perhaps most well-known rector. Bond here directed SNCC’s icit. Increased profits from in­ changes? The official document Koftfka, professor of history, due to the controversy surround- photography, printing, and pub­ vestments and gifts are being charging the students with dis­ within the next three to four ing his earlier attempts to take licity departments. He served as sought for that purpose, Wrol­ ruption of the faculty meeting on weeks. Communications Director until stad said. 29 September was read and sign­ Entitled “Reading in the his seat in the Georgia House. In September, 1966. He explained that the board of ed by Richard S. Stowe, associate Dark,” the collection will be sold 1965, he was elected to a seat Born in Nashville, Tennessee, trustees was taking positive steps professor of French and secretary for 50 cents in the lunch and din­ created by reapportionment, but to increase endowments and gifts. of the faculty. ner lines at Oolman and Downer was prevented from taking office in 1940, he is now on the Board The defendants want his official as well as in the faculty lounges. in January 1966 by the objection of Directors of the Southern Con­ The investment committee of the capacity in this action clarified. Mrs. Koffka’s first edition of of legislative members to his ference Education Fund. He also board is working to increase pro­ Is he acting as an individual poetry printed under the auspices statements concerning the Viet holds positions in the Southern fits and the development com­ member of the faculty or serving of the Inthe Shade Press, Nam War. Correspondents Reporting Racial mittee is initiating a fund drive as the representative of the en­ “Caught on the Wing,” was a After winning a second election Equality Wars (SCRREW), the by more actively soliciting con­ tire faculty? If the latter is true, sell-out last Fall.