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TAR HEEL STAFF MEETING
ALUMNI BUILDING 1
Editors, 7:00; Reporters, 7:15 ;
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: TAR HEEL STAFF "MEETING ;
ALU: INI BUILDING
! Editors, 7:00; Reporters, 7:15 if
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VOLUME XXXIX
Loyalty Fond App
Meet Need
s-
Greater Need for Loan Funds
Than Ever Before in His
tory of University.
$45,000 MORE IS NEEDED
There is a grave need for ad
ditional student loan funds at
the University of North' Caro
lina, according to a recent sur
vey made by the office of Fran
cis F, Bradshaw, dean of stu
dents. An effort to meet this
need is the principal objective of
this year's Alumni Loyalty
Fund appeal.
As is generally known, a
large percentage of . University
students are dependent upon
some outside source for their
financial aid in obtaining a
university education. Only about
one-fourth of the student body
is entirely independent of out
side financial aid, thus leaving
three fourths of the students of
the University, or almost 2,000,
who are classified as self-help
students. These 2,000 students
must Dav their own wav thmn crh
the University in whole or in
part., One fifth of the entire stu
dent body, that is about 550, are
compelled to pay their entire col
lege expenses without any as
sistance from their families.
Obviously, students loans con
stitute the chief aid to these
self-help students.1 As many of
them as are able to find employ
ment in Chapel Hill do so and
work to meet their expenses.
But the demand for jobs is much
greater than the campus ' and
the small town of Chapel Hill
can supply. If the University
is therefore to live up to its
promise that no worthy boy need
be turned away for a lack of
funds, the only alternative is to
lend liim money. Hundreds of
students each year are thus en
abled to enjoy the advantages of
the Carolina campus because of
loans who would otherwise be
deprived of the opportunity en
tirely. ;
The demand for loans and
other forms of self-help this
year is much greater than ever
before in the history of the Uni
versity. Mr. Brashaw estimates
that the demands for this school
year will approximate $85,000.
There exists now loan funds
which total 'approximately
$160,000, but all of this money
has already been loaned with the
exception of $15,000. The fact
that the average length of the
term of the loans is about six
years means that much of the
total loan funds are always out
standing.
According to the present rate
of collections about $25,000 of
the present outstanding loans
will be collected this year. This
.amount added Jo the $15,000
now on hand will total $40,000,
thus failing by $45,000 to meet
the demand of $85,000.' It is
also pointed out by Dean Brad
shaw that much of the $25,000
which will be collected this, year
will be collected too late to be
of any assistance to students
who need loans in order to re
main in school. Therefore a
conservative estimate of the
amount of money needed to be
raised from outside sources in
order1 to ' meet this year's de
mands is $50,000.
Announcement has been made
that all unrestricted gifts made
to the Alumni Loyalty Fund this
vpr will ho used to meet this
need. The Loyalty Fund Coun
cil is furthermore attempting to
raise this year money enough to
solve for several years to come
: the student loan problem.
I Is
To
Of Student Loans
Loyalty Fund
Chairman
I
! Leslie Weil -of Goldsboro, who
If raduated from the University
,in 1895' is chairman of the
I Alumni Loyalty Fund Council.
In addition to his duties on the
Council Mr. Weil has been a
member of the executive com
mittee of the Board of Trustees
for many years and was a mem
ber of the special committee of
five men who made a compre
hensive study of presidential
possibilities preceding the elec
tion of Frank Porter Graham to
the presidency of the Univer
sity. Alumni Are Urged
To Contribute Now
The Alumni Loyalty Fund
Council urges all alumni who
have not yet contributed to the
Fund during 1930 to send in
their subscriptions now in order
that the money may be made
available as quickly as possible
for student loan purposes. Any
amount, regardless of how small,
can thus be put to a practical
advantage.
In many instances students
need to borow only $ 50. If pros
pective donors can not give as
much as $50, and many of them
of course can not, only five ten-
dollar contributions will: equal
an amount sufficient to keep
many worthy students' in school.
Already subscriptions blanks
have been sent to every alum
nus. He is invited to send his
subscription either to his class
i crAnt. nr to the Lovaltv Fund of
fice in Chapel Hill, or he may
give it in person to the commit
teemen in his county.
Campaign Sidelights
Among the many interesting
side lights of the Alumni Loyal
ty Fund campaign to date is the
tvmcallv dramatic manner in
which the" subscription of Sid
- x V
ney Blackmer, the famous actor
who now is busily engaged in
filling the terms of his contract
with National Pictures, was re
ceived. Mr. Blackmer sent his
subscription by air 'mail.
Although the amount of Mr.
Blackmer's gift was not reveal
ed by the Loyalty Fund office,
in keeping'With its custom, Dir
ector Grisette announced yester
day that it Was more than most
students need to borrow.
Not to be outdone. Dr. Wade
H. Atkinson, prominent Wash
ington, D. C. alumnus, tele
graphed ; his subscription in or
der that it might be received in
the office before University Day.
Sigma Epsilon announces the
pledging of Forney T. Rankin
of Belmont.
no
CHAPEL HILL, N. C
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Gardner Writes to Class Agents
And Committeemen, Thank
ing Them for Assistance.
Governor O. Max Gardner
has shown a remarkably active
interest in the success of this
year's Alumni Loyalty Fund ap
peal. Last week he wrote a
personal letter of appreciation
to all class agents and county
committeemen for the work
they are doing in assisting to
make the campaign a success.
The Governor's letter follows :
"As chairman of the board of
trustees of the University of
North Carolina, I wish to take
this occasion to thank you for
your fine assistance in serving
as a member of the Alumni Loy
alty Fund committee for your
community.
"As you know, all gifts which
you secure from other alumni
this year will be used as loan
funds for worthy students. I am
sure you will agree that no
money could possibly be invest
ed more wisely.
"The fact that thousands, of
Carolina" alumni are unitedly
contributing some annual gift to
her, augurs well for her continu
ed growth. Greater financial re
sources and a more actively in
terested body of alumni, both of
which are essential in the suc
cessful administration of a great
university, will result.
"Your service on the commit
tee, together with the others who
are rendering a like service, is
making this new support pos
sible. The University and all its
friends owe you a debt of grati
tude, s
Yours sincerely,
(Signed) O. Max Gardner."
ALUMNI LETTERS
ARE INTERESTING
A feature of the Alumni Loy
alty Fund campaign is the large
number of interesting and en
couraging letters which accom
pany subscriptions, according to
information revealed when a re
porter for the !Daily Tar Heel
was permitted a parusal of some
of the fund files. Without ex
ception the letters commend the
idea which motivates the Loyal
ty Fund and they usually ex
press regret that the amount of
their contribution can not be
;larger-
The particular piece of litera
ture which seems to have ap
pealed most to all alumni was
the letter from President Frank
Porter Graham in which he. told
in such a straight-forward" and
frank manner the needs of the
University at this time. Many
alumni have written that this
appeal alone is sufficient to mer
it their subscription. One went
so farasvto add that "I shall
send another gift every time you
will send me this message." .
It is highly encouraging to
Loyalty Fund officials to note
that a large number of alumni
have written encouraging let
ters who were not able to contribute.
This Issue Dedicated To Alumni
For the first time since the paper became a daily, the
alumni of the University will be given an opportunity to see
the Tar Heel. This issue is dedicated to them and a copy of
it is being sent to each of the 14,000 former Carolina stu
dents throughout the state and the nation. It carries con
siderable news cf interest to "old grads" as well as the regu
lar material, thereby serving a two-fold purpose. The staff
of "the only college daily in the South" joins with the Alumni
Loyalty fund council, which sends thejjanerjo you, in hoping
that you will read and enjoy the new Daily Tar Heel.
SUNDAY, OCTOBER 2S, 1330
OUNCE DIRECTS
FUND ACTWITi
Group of Twelve Men Supervise
Collections and Expenditures
Of Loyalty Fund.
1 The activities of the Alumni
Loyalty Fund, both in the field
of raising money and its ex
penditure after it. is raised, are
supervised by a group of twelve
alumni known as the Alumni
Loyalty Fund council.
Three of the twelve are ex-of-ficio
members, as follows: Frank
Porter Graham, president of the
University ; W7 T. Shore, 05,
Charlotte, president of the: Gen
eral Alumni Association, and J.
Maryon Saunders, '25, Chapel
Hill, executive secretary of the
General Alumni Association. ".
The remaining nine members
of the council are appointive,
two-thirds of them being ap
pointed by thepresident of the
University and one third by the
president of the General 'Alumni
Association. The appointive
members serve during terms of
three years each and are subject
to re-appointment.
The present appointive mem
bers of the ' council are as fol
lows: Leslie Weil, '95, Golds
boro, Chairman; H. G. Baity,
'17, Chapel Hill ; Allen J. Bar
wick, '00, Raleigh ; Burton
Craige, '97, Winston Salem ; Al
fred W. Haywood, '04, New
York City; Dr. J. G. Murphy,
'01, Wilmington ; Dn Ira W.
Rose, '06, Rocky Mount; C. R.
Wharton, M2, Greensboro; and
Dr. Louis Round Wilson, '99,
Chapel Hill.
The council employs a full
time executive secretary-director
whose activities are account
able to the council. Felix A.
Grisette, '22, is the 1 secretary
director. WOODHOUSE HURT
AS CARS COLLIDE
Professor E. J. Woodhouse of
the government department of
this University was in j ured Fri
day morning when the car
which he was driving was forced
off the road into a ditch by a
large truck. Professor Wood-
house sustained a broken nose
and cuts about his f orehead and
lips.
He was returning to the Hill
alone from his home in Sedge
field at the time of the accident
which occurred about five miles
from Pittsboro. He received first
aid at Pittsboro and is now
resting comfortably at Sedge
field. His car, in spite of smashed
bumper and cracked steering
gear, .was driven into the Hill
under its own power
Knight Is Author
Of Education Book
Edgar W. Knight of the
school of Education has just
had a new book published entitl
ed Reports on European Educa
tion. This book deals with Euro
pean influence on education in
the United States during the se
cond quarter of the last cen
tury. . - '
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UMii ItJ iltiUilb
Loyalty Fund
Director
Felix A. Grisette, , director of
the Alumni Loyalty Fund, was
graduated from the University
with the class of 1922. He is
regarded as being well fitted for
the position which he holds be
cause of an experience covering
several years during which time
he directed financial campaigns
for non-profit institutions in
many parts of the United States.
Loan Funds Prove
Good Investments
Nothing could be a better in-
vestment than money made
available for student loans, if
one may judge from the records
of -collections2 as revealed from
the Business Office of the Uni
versity. These records show
that during the long period of
years during which loans have
been made, more than 99 per
cent of them have been repaid.
The average length of such
loans is a little more than six
years. Every loan is secured by
the endorsement of two people,
usually residents oi tne same
community in which the borrow
ing student lives, thus reducing
to the very minimum the possi
bility of losses.
All loans require interest at
the regular legal rate. Thus
botn principal and interest is
used as loan funds and their
rapid turn-over and the certain
return of the principal serves to
constantly increase the amount
of money available.
The fact that such a high re
cord of collections has been es
tablished has led many alumni
to give for this purpose who
otherwise might not have done
so.
Speak, Greet, Meet
The publicity committee of
the freshman friendship coun
cil - announced yesterday that
plans were complete for the ob
servation of next week as
"Speak, Greet, Meet Week."
The object of this week is to
stimulate better speaking ; con
ditions , on the campus. The
idea is sponsored by the fresh-
man friendship council, which
is trying to have every person
on the campus to speak to all
their fellow students, a tradition
the freshman group feels has
been neglected recently.
The council has proposed a set
of rules that will be presented
during the week
The observance of the "Speak,
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Greet, Meet Week" will begin j sity. Under the present ar
with the presentation . of the I rangement even the smallest
idea by Pat Patterson andEd j gifts are placed with thousands
Hamer, Y. M. C. A. officials, at
chapel Monday and Tuesday.
i.3
a
Proving Satisfactory
1,000 SUBSCRIBERS
Class Agents and Committeemen
Secme Large Number cf
Responses to AppeaL
SIALL GIFTS E3IPHASIZED
The annual appeal of the
Alumni Loyalty Fund is making
a most satisiactory progess, ac
cording to reports which have
been made so far to the central
office in Chapel Hill. Already
the number of subscribers has
passed the thousand mark and
there is practically no let-up.
So rapid has been the return of
subscriptions since the appeal
began on September 29 that no
attempt has as yet been made by
the Fund office to announce the
total amount of money obtain
ed. This year's appeal is being
carried on largely by the class
agents and by Loyalty Fund
committeemen in each county in
North Carolina. The reports of
the committeemen in the various
counties are far from complete
and it is expected that when
these reports have all been
turned in the present list of
subscribers will be augmented
by several thousand.
Subscriptions received so far
represent every living class of
University graduates, more
than two thirds of the counties
in North Carolina, 15 states
other than North Carolina, and
six foreign countries.
Amounts of : the: subscriptions
vary in size from one dollar to
five hundred dollars. The Loy
alty Fund office has not yet been
able to compile the amounts of
the averages of each subscrip
tion received to date. Last year
the average was about $30.00.
It is presumed that this year's
averages may be somewhat
lower than those of last year be
cause of the business depression
which has prevailed throughout
the state during 1930.
The Loyalty Fund council is
not discouraged, however, over
tHe possibility of a lower aver
age in the amounts of the gifts.
It has always been a policy of
the Council that the amount of
the gifts was secondary. This
policy was and is founded on the
belief that the number of sub
scribers rather than their indi
vidual amounts is the most val
uable asset tb the University.
Such a theory is reasonably
explained. The larger number
of subscribers, the larger num
ber of active supporters will the
University have. This is a logi
cal conclusion, for the simple
reason that an alumnus becomes
much more active in his interest
once he becomes a contributor.
large number of subscribers is
the fact that such-action on the
part of many alumni of small
means will inspire men of wealth
and the rich educational founda
tions to give in large amounts.
The number of subscriptions
J received to date is much larger
than has ever been received be
fore in the history of the Univer
sityT '' " : .. .
There was a time when an
alumnus thought, and justly so,
that a gift such as his means
would permit would not in any
way help in solving the many
financial problems which are al
ways confronting the Univer-
of others so that the aggregate
amounts. to a large total.