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THE DAILY TAR HEEL
Sunday, October 2S, 1930
)t Datlp Ear Ijeel SSudant
Published daily during the college year
except Mondays and except Thanks
giving', Christmas and Spring Holi
days. The official newspaper of the Publi
cations Union of the University of
' North Carolina, Chapel Hill, N. C.
Subscription price, $4.00 for the col
lege year.
Offices
in the
Buildings
basement of Alumni
W. H. YARBOROUGH .....Editor
JACK DUNGAN ..Mgr. Editor
H. N. PATTERSON. .Bus. Mgr.
H. V. WORTH Circulation Mgr.
EDITORIAL STAFF
City Editors
J. M. Little W."A. Shulenberger
William McKee E. C. Daniel
George Wilson Ben Neville
Peter Hairston G. E. French
Editorial Board
Beverly Moore . Associate Editor
J. C. Williams Associate Editor
Charles Poe E. F. Yarborough
W. M. Bryson Virginia Douglas
Wex Malone
Sports Staff
K. C. Ramsay...............Sports Editor
Assistants :
Don Shoemaker Jack Bessen
Assignment Editor
";" Charles Rose
Librarian
Sam Silverstein
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REPORTERS
T. H. Farmer Jim Cox
A. Alston A, Jacobs
Robert Betts F. Broughton
Virginia Douglas Cecil Carmichaei
Louise McWhirter Mary Buie
W. R. Woerner Robert McMillan
Charles Poe McB. Fleming-Jones
W. A. Allsbrook
Jack Riley
W. E. Davis
' Otto Steinreich
J. J. Pittman
E. M. Spruill
E. R. Oettinger
Karl Sprinkle
Louis Slung '
I. H. Jacobson v
T. W. Lasley
Peter Henderson
Robert Novins
Grier Todd
Dan Kelly
T. W. Ashley
T. Herring
L. L. Pegram
Phil Liskin
E. E. Ericson
Elise Roberts
Hugh Wilson
BUSINESS STAFF
Harlan Jameson Ass't. Bus. Mgr.
John Manning. .. Ass't. Bus. Mgr.
Al Olmstead Advertising Mgr.
Pendleton Gray..........Ass't. .Adv. Mgr.
W. C. Grady. Ass't. Adv. Mgr.
Jack Hammer..,. Collection Mgr.
Bernard Solomon..! Ass't. Col. Mgr.
Robert L. Bernhardt. Want Ad Mgr.
John Barrow...... ..Subscription Mgr.
C P. Simms Frank S. Dale
Zeb C. Cummings . H. A. Clark
Bill Jarman Ed Michaels, Jr,
Sunday, October 26 1930
The Alumni
Loyalty Fund
Every alumnus and every un
dergraduate is by now well ac
quainted with the Alumni Loy
alty Fund and the purposes for
which donations collected
through this channel are to be
usd. A very intensive public
ity campaign has been- carried
on by Mr. Grisette, director of
the Fund, his predecessors, and
affiliated agencies. Although
the Fund is relatively new, those
in charge'liave met with a fair
grade of success in their appeal
to the alumni. The resp'onse of
the alumni as a whole, however,
has not come up to expectations.
Never has the University been
more in need of funds than at
the present time. The state's
appropriation has been cut, and
the University, to meet this de
ficiency, must have another
source of income. What this
source shall be we do not know,
unless it shall be the alumni.
No other institution in the
country can boast of a more in
terested group of alumni than
can Carolina. The activities of
the Alumni Association will at
test to the interest of the old
grads. But certainly the Alumni
Loyalty Fund provides an op
portunity for every alumnus
who is financially able to show
his loyalty in a material, way to
his alma mater at a time when
aid is needed. B. M.
The history of student loan
funds at the University of
North Carolina extends over a
period of 39 years. During the
39 years since their establish
ment, the funds have undergone
an expansion comparable . to
that of the University itself.
Their value has steadily increas
ed, affording funds - for more
loans. Yet such has been the
growth in numbers of the stu
dent body of the University that
the increase in ' value of ' the
funds has not kept pace with the
development of their field of ap
plication. Mere want of immediate f unds
has never been a bar to entrance
into the University. Besides the
exercise of , his ; own earning
power, a student without funds
has but one other pricipal re
course in maintaining himself
in college or university during
his course of study, namely, to
borrow money.
When a man really wants
something, he is willing to
work for it. The loan funds
have ben established as one
means of assisting such students
to help themselves. In short, the
loans are simply one form of
self-help. In many cases the stu
dent loan funds are the sole re
sort available to students in
need of imediate funds. These
considerations further indicate
what importance should! be at
tached to student loan funds.
Establishment of Loan Funds
Just four years after the re
opening of the University in
1875 the first loan fund was es
tabished. Anyone with even a
sketchy knowledge of that lean
period in the life of the state and
the Southland as a whole can
readily see the living need that
called forth gift by Dr. Chas. F.
Deems to the University. The
scars of war and the confusion
and disorder of re-construction
could not so quickly have been
erased and supplanted by order
ly progress.
The original Deems Fund con
sisted of $300.00 to be used in
making loans to worthy students
I of the University. The gift
was made to worthy students of
the University. The gift was
made in memory of Theodore
Disosway Deems, the son of the
donor, who was born in Chapel
Hill and died at Gettysburg.
The principal as well as the
interest of "the fund was to, be
loaned. Students were required
to give security. Later the
donor made an additional gift
of 4000.00 and 1881 Mr. Wil
liam H. Vanderbilt contributed
$10,000.00 to the Deems Fund
through Dr. Deems. Not long
thereafter Dr. Deems removed
his preference in favor of minis
ters peps and put the administra
tion jl the fund into the hands
of the faculty. , ',
The latest records, those for
the period ending October 15,
1930, indicated that at that time
the value of the fund was $64
798.74 These figures are elb
quent testimony to the fact that
student loans are safe invest
ments. Instead of dissipating
the fund, loaning the principal
augments its further accumula
tions.
The second loan fund estab
lished at the University was the
gift of Thomas D. Martin of
Raleigh, North Carolina. By his
will he left his residuary estate
to the University to be invested
under the direction of the Trus
tees as a permanent fund to
yield an annual income to be
loaned to such poor and deserv
ing students at the University
"as shall be designated by the
faculty." The original value of
the fund was approximately
$7,400.00. It became available
during the session of 1908-09
upon the death of the donor's wi
dow, who had been entitled un-
mm
m
The judge in Chicago who
ruled that fifteen year old girls
could stay out until 2 a. m., say
ing that his own nieces did it at
times and he himself hadn't ob
jected so strenuously to staying
out that late, would get over big
with the co-eds at the Univer- jfl.er the will to the income of the
The Hogue Fund was estab
lished during the session of
1912-13 by the Rev. R. W. Ho
gue. It represents the rental re
venues from a house and lot. The
donor of the fund was at the
time of its establishment the
Rector of the Chapel Hill Epis
copal Church. He later became
Rector of the Church of the As
cension, Baltimore, Md., , and
lives to see his gift to the Uni
versity growing ever more use
ful as time passes.
The Hewitt Fund was the
gift of Joseph Henry Hewitt of
Princess Anne County, Va., in
honor of the donor's deceased
parents, amounting to $18,700.
That amount was "securely in
vested" as directed and the fund
began to operate during the ses
sion of 1919-1920.
In a letter of October 4, 1920,
to the president of the Univer
sity, Mr. Lawrence S. Holt,, Jr.
of Burlington, North Carolina,
a memoer ot tne clas oi iyu4.
made a gift of $10,000, "as a
loan fund for worthy and needy
students of the University of
North Carolina."
The Victor S. Bryant Loan
Fund is a legacy of the late Vic
tor S. Bryant of Durham, North
Carolina, a member of the class
of 1890 and for some years a
member of the board of trustees
of the University. The gift con
sisted of $7,500. The will of
Mr. Bryant was probated Sept
ember 9, 1920, and the fund be
came available during the then
current scholastic year.
In 1922 the Masonic Loan
Fund took its place among the
student loan funds of the Uni
versity. It was established as
part of a general Masonic edu
cational program by three
Grand Masonic Bodies of North
Carolina, namely, The - Grand
Lodge of Masons, The Grand
Chapter of Royal Arch Masons,
and The Grand Commandary of
Knights Templars.
During 1922 the Seely Loan
Fund was established by a gift
of Mr. F. L. Seely of Asheville,
North Carolina. The original
principal of $1,000.00 was to be
loaned and income added there
to. The J. M. Lear Loan Fund
of $5200 was established in
1921-22.
By. her will probated July 2,
1924, Miss Katherine B. Black
wood of New York City estab
lished for the University a loan
fund of $10,000 for needy stu
dents, "the sum so bequeatehed
to be known as the 'E. S. Black
wood Memorial Loan Fund'."
One of the youngest loan funds
was established in May, 1925:
This is the A. B. Andrews Loan
Fund established in memory of
Col. A. B. Andrews, who was
for thirty years a trustee of the
University, by his five children:
Wm. J. Andrews, class of 1891 ;
Alexander B- Andrews, class of
1893; Mrs. W. M. Marks; John
H. Andrews, class of 1897; and
Graham N. Andrews, class of
1903. The -original gift of
$2500.00 was augmented by an
additional sum of $500.00 in
1926, the gift of Alexander B.
Andrews of Raleigh, North
Carolina. Subsequent gifts have
brought the value of the fund to
about $4,200.00. Both pricipal
and income were made available
for loans to worthy students.
The latest of the loan funds is
the Joseph E. Pogue Memorial
Loan Fund, established by Mrs.
Henrietta K. Pogue of Raleigh
in April of this year. Its value
is $1,000.
? lUilil I.
DUBS KAY KYSER
'GENIUS OF JAZZ'
Former Student and His Band
Are Popular Radio Numbers
In Eastern Cities.
sity.'
estate during life.
Bridge Tournament Tuesday
The Louise Manning Circle of
the Episcopal church will have
a benefit bridge tournament at
3 o'clock next Tuesday after
noon, and again at 8 o'clock that
evening, at the home of Mrs: G.
M. Braune. The entrance fee is
50 cents. Reservations may be
made with Mrs. George Bason
j (telephone 5821).
Kay Kyser and his orchestra,
composed mostly of former Uni
versity of North Carolina , stu
dents, who got their start on the
Carolina camnus. have been
making a big hit in New York!
in recent months, according to j
the reports of music critics in
New York newspapers.
Kyser and his men have been
filling an engagement at the
Hotel New Yorker, one of the
world's largest, and have also
been doing a great deal of broadcasting.
Says the New York Times:
Those of you who stay awake
after midnight and crave -something
really different in the
jazz music world would do well
to tune in on WJZ and get an
earful of the dansapation dish
ed out by Kay Kyser and his Ho
tel New Yorker orchestra. Last
night was the first time we
'caught' this fellow Kyser, and
believe us, we'll be, around
again when he's on the air.
Novel syncopation, standout
choruses, and clever arrange
ments are all . trade-marks of
this outfit. Right here and
now, Kay Kyser is dubbed the
'genius of jazz'."
The New York Telegram says :
"Kay Kyser has made some
thing of a stir among the sharp
ereared dance music fans of the
town. Everywhere in circles
that take their dance music
seriously, you-hear the name of
Kay Kyser as one who puts out
a melodious brand of rhythms."
A number of other press com
ments carried similar praise.
Kyser and his band are now
moving on to the Nixon Cafe in
Pittsburgh, where they are to
play over Station WCAE. From
there they will go November
15 to the Hotel in Dallas, Tex.,
where they will broadcast over
WFAA.
Advertising on the back of
postage stamps, as suggested by
one ingenious congressman,
would be grand, of course, for
any one who wanted to . get his
product on every tongue. Bos
ton Herald.'
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Chapel Hill, and the Home-Coming Game
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ward for return to A. M. Pickett,
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Dr. J. P. Jones
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Office 5761 Residence 5716
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Optometrist
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A Delicious Dinner
v for 50c
EVERY EVENING AT '
The Waffle Shop
THE UNIVERSITY BARBER SHOP
and
SHOE SHINE PARLOR
Make This Your Shop
The Finest in the South
WHITMAN'S CANDIES
SHEAFFER'S PENS
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MANNING PRITCHARD
PHILLIP LLOYD
7!
s i y I mm K-X-
' W
5 .::: I
0 " i
T
s
3:
Cr." !0ne of the publix-Saenger Theatres
afc..;Wi',lMv.
Monday
HE WAS A GREAT
LOVER, BUT A
GREATER FIGHTER!
"BILLY JHE KID"
"With
JOHN MACK BROWN
WALLACE BEERY
KAY JOHNSON KARL DANE
Cattle-thief, outlaw, two-gun
man, Don Juan was this the
youth who ruled the lawless
West with a flame-tipped gun
and iron courage?
x King Vidor, who made
-screen history with "The Big
Parade," has recreated now a
stirring love - story- played
against a background of unfor
gettable drama!
OTHER FEATURES ' v
Paramount Sound News
"Fit To Be TiredVA Paramoant Vaudeville
Act
TUESDAY
CONRAD NAGEL
in
"A Lady Surrenders"
A sophisticated drama of love and
marriage.
WEDNESDAY
MAURICE CHEVALIER
in t
"Playboy of Paris"
He's the- man who makes life worth
loving. Come and find out how!
THURSDAY
KAY FRANCIS
WALTER HUSTON
in
"Virtuous Sin"
FRIDAY
RICHARD ARLEN
in
"Sea God"
Special Midnight Show Fridav
JUNE COLLYER
in
Extravagance"
SATURDAY
BERT WHEELER
ROBERT WOOLSEY
in
"Half Shot at Sunrise"