- Class of '37 in upper bracket
of income, self-survey reveals
By ED DUPREE
College seniors eagerly look
forward to graduation at this
time of the year, but opportuni
ties awaiting today’s graduates
are a piece of cake compared
to,.' what they were exactly a
cjuarter of a century ago.
The members of the Univer
sity graduating class of 19S7 en
tered college in the middle of
the depression, and when they
received their diplomas, the
country was still iri the midst
of bad times.
When the “Thirty-Seveners,”
children of the depression, re
i "
Vets should
study benefits
of G/ policies
More than three million veter
ans should give careful study to
their GI insurance holdings, ac
cording to J. D. DeRamus, man
ager of the North Carolina Vet
erans Administration Regional
Office.
They are still holding G1 term
insurance, which can play a valu
able role for a growing family,
but which may become prohibi
, lively expensive for a veteran
near the retirement age.
*—.-“Many older veterans are new
finding themselves unable to con
tinue their term insurance pay
ments at their greatly increased
rates and unable to obtain new
insurance coverage,” Mr. De
Ramus pointed out. “'If they die,
their widows will have nothing;
yet over the years the veteran
.may have _invested as much as
$7,000 or $8,000 in this form of
insurance.” , ,
The VA manager disclosed
that about 14,000 World War I
veterans still hold U. S. Govern
ment Life Insurance term policies
which originated in the first
World War.
More than 285,000 World War I
veterans have converted their
term policies -to a more perma
nent plan of insurance.
National Service Life Insurance,
originating in World War II, is
still held by more than five mil
lion veterans. About two million
of these have converted to some
permanent plan of insurance, but
about three million are continuing
with term protection.
“Veterans should remember
that a term GI insurance policy
that carriers an annual premium
of $9-a-thousand at age 35, jump*
to an annual premium of $47-a
thousand by age 65 and to $73.16
a-thousand at age .76,” Mr. De
Ramus conducted*'
WHEN WEE FOLK
GRADUATE . . .
Here at the Intimate, we have
answers for all sorts of gradua
tion problems — like kindergar
ten, maybe, or grammar school,
as well as older graduates.
Milestones all, and worthy of
commemoration with a suitable
book.
From Peter Rabbit on up to the
Oxford Companion to English
Literature, we have the right
gift for every occasion — and
no gift gives so much pleasure,
for so long a time, at such small
cost, as a book!
jiJ THE INTIMATE
“ BOOKSHOP
119 East Franklin Street
Open Till 10 PM.
turn to Chapel Hill on June 1
and 2 for their Silver Anni
versary Reunion, they will like
ly recall that the future did not
seem so promising then.
The ratio of the graduates who
received financial aid in college
through jobs, loans, or scholar
ships, was two, to one to those
whose expenses came from
home.
But they didn't let the 1937
situation defeat them. Today, 261
cf the class’ class’s approximate
ly 5000 members report an av
erage annual income of almost
$20,000. One - third of the ’37ers
are making more than $20,000.
One class member boasts an in
come of a hundred grand.
Only 26 find themselves in a
financial hole. 231 are solvent,
owning more than they owe.
Their favorite professors
were Archibald Henderson, John
Lasley, Hugh Lefler, Fletcher
Green, and Sterling Stoudemire—
to name a few. Some of these
are favorite profs of U!NC stu
dents today.
Notepad
* (Continued)
ter acquainted with candidates
ill elections.
The League has a long and
outstanding record in this re
spect locally. The News has writ
ten about it ., not infrequently.
However, in the campaign prior
.to the recent elections the League
came under both open and
whispered criticism from certain
factions.
As a matter of record the
League’s position ought to be re
established. The League is re
quired to be non-partisan and
has studiously tried to be such
in all its public presentations.
No woman who takes an active
part in partisan politics may
hold an official position (other
than as a general member) with
the League.
Aim—to embarrass . . .
At the recent candidates meet?'
ing several persons in the audi
ence asked " questions /' which
quite probably had the aim of
embarrassing a particular can
didate. Whether the candidate
was or.wa^ not embarrassed is
not important here.
The fact is that the floor was
open to anybody to ask any civil
question of any candidate. It
happened that the only overtly
hostile pr potentially embarrass
ing questions were asked of one
particular candidate. Over this
factor the League of Women
Voters did not have and should
not have any control
The League should, rather, re
ceive the general thanks of lo
cal citizens for continuing to pro
vide a public platform for can
didates and their would-be con
stituents alike. Criticism of The
League, to The Newsman’s think
ing, is actually a general criti
cism of women in politics — if
the critic suspects that the wo
men do not agree with him.
ORNE TO PARIS
Dr. Gerald Ome, Director of
Libraries at the University, has
received a National Science
Foundation grant of $1,067 to go
to Paris, France. In Paris, Dr.
Orne will attend the “9th Plen
ary Meeting, International Or
ganization for Standardization,
Technical Committee 46 (Docu
mentation).” A "three-day meet
will be held June 25 to June 27.
ENS. HOTELLING QUALIFIES
Ensign Edward R. Hotelling,
USN, son of Mr. and Mrs. Har
old Ho filing of Chapel Hill com
pleted one of the most memor
able flights of a naval aviator’s
career on May 3, by making the
last of six arrested carrier qual
ification landings aboard the
training carrier US6 Antietam,
operating out of Pensacola, Fla.»
in the Gulf of Mexico.
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